Business News

Business news to help you keep track of the latest developments and identify new opportunities across key sectors in Southeast Asia

Monthly Business News to Help You Understand the Market

Converge ICT Solutions Completes Philippines’ 2nd Largest IPO

Converge ICT Solutions, an emerging fiber internet service provider, which is minority owned by US private equity firm Warburg Pincus, has just completed the Philippines’ ...

Malaysia to Foster Public-Private Sector Cooperation towards Digitalization

In a recent interview, Malaysia's Prime Minister Tan Sri Muhyiddin Yassin has emphasized the importance of public-private cooperation towards digitalization. The Malaysian ...

Logiq Partners with KMSB to Provide Mobile Fintech Services

Logiq, a US-based leading global provider of eCommerce and fintech solutions, has entered into an exclusive strategic alliance with Koperasi Mona Santoso Berjaya (KMSB), ...

Major Solar Power Projects Kickstarting in Phu Yen and Ninh Thuan Provinces

The Asian Development Bank (ADB) and Phu Yen TTP Joint Stock Company (Phu Yen JSC) recently signed a USD 186 million loan to develop and operate a 257 MW solar power plant in ...

UK and Thailand Collaborate to Create Smart Cities

The UK and Thailand have partnered together to launch the “Smart City Handbook”, an initiative between both countries to create smarter cities through urban planning and the ...

Australia Solar Farm Expected to Supply 20% of Singapore’s Energy Needs

Australia is planning to construct a massive solar farm in its deserted Outback, between two cities in its Northern Territory, Alice Springs and Darwin. The farm, which will ...

SMC Purchases Plastic Waste to Power Cement Facilities

San Miguel Corporation (SMC) is increasing its efforts to help manage the country's solid waste and create more livelihood opportunities amidst the pandemic by buying up ...

Malaysia to Reduce Use of HFC Fridge and Air-Con Gas by 80% by 2045

Malaysia joined other 110 countries to ratify the UN agreement to eliminate the use of hydrofluorocarbon (HFC) refrigerant, liquid or gas used for refrigeration and air ...

New Regulations for Renewable Energy in Indonesia

The Indonesian government is preparing a new regulation on renewable energy pricing to encourage more investment in renewables. According to official statistics, Indonesia ...

US Energy Companies Sign LNG-to-Power Projects in Vietnam

Virginia-based AES Corp and PetroVietnam Gas have signed a joint venture agreement to develop a USD 2.8 billion liquefied natural gas (LNG) import terminal and a power plant. ...

Energy Efficiency Services to Invest in E-Mobility Company SWAG EV

Energy Efficiency Services Limited (EESL), one of the largest energy service companies, has announced that it will invest in Supreme Wagon Automotive Group Electric Vehicle ...

Singapore Boosts Ties with Malaysia and Hong Kong Energy Sectors

The Energy Market Authority (EMA), Singapore’s energy agency, has signed memorandums of understanding (MOUs) with its Malaysia and Hong Kong counterparts, Suruhanjaya Tenaga ...

Solar Philippines Forges Partnerships to Accelerate Solar Projects

The country’s largest solar energy provider Solar Philippines announced that it is planning to build more partnerships and accelerate the development of solar projects in the ...

Opensys (M) Collaborates with Solarvest, Seeks Potential Partners for its BuySolar Platform

OpenSys, a Malaysia-based leading solutions provider for financial services, telecommunications, and utilities has signed a collaborative agreement with EPCC specialist for ...

Indonesia Identifies 12 Geothermal Potential Areas in Sulawesi

The Indonesian Ministry of Energy and Mineral Resources (ESDM) has identified 12 geothermal potential areas in West Sulawesi. Currently, there are no geothermal working areas ...

Vietnam and the US Sign Major Deals in Food, Energy, and Fuel Sectors

The Vietnam Trade Alliance, a group of buyers and producers from the country, recently signed a pact to buy up to USD 500 million worth of American pork over three years from ...

Thailand Relaxes Requirements for Tourists

In October 2020, Thailand opened its borders to tourists who applied for special tourist visas (STVs), which required applicants from low-risk countries to fulfil certain ...

Singapore Adds USD 74 Billion Financial Stimulus to 2021 Budget

With Singapore’s trade-reliant economy expected to continue facing uncertainty in 2021, the Singapore government is looking to add an additional SGD 100 billion ...

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