Business News

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

Monthly Business News to Help You Understand the Market

Collaboration of Petronas Chemicals with Dow on EO facility

Petronas Chemicals Glycols Sdn Bhd, a subsidiary of Petronas’ petrochemical arm and Malaysia’s leading chemicals producer, Petronas Chemicals Group Berhad, has signed an ...

China-Backed Railway Project in Malaysia to Resume After Cost Reduction

The East Coast Rail Link (ECRL) project in Malaysia is being revived after a significant reduction in the price by China. According to initial plans, the project would build ...

UK-Based Plastic Recycling Company to Build Five Plants in Indonesia

London-based plastic recycling company Plastic Energy Ltd (Plastic Energy) is going to develop five recycling plants in the province of West Java in Indonesia. The company ...

Turkey Supplies Torpedo Countermeasure to Indonesian Navy

Aselsan, a Turkish defense electronics company, is supplying its ZOKA range of acoustic torpedo countermeasure for Indonesian Navy (Tentara Nasional Indonesia - Angkatan Laut ...

Services and Information App Launched by Indonesia’s Health Ministry

The Ministry of Health of Indonesia launched a heath information application called Sehatpedia. Available on Android platforms, the application has five features: Live Chat

Oman Investing USD 15 Billion in Indonesian Energy Project

Oman’s Overseas Oil and Gas (OOG) is investing USD 15 billion to build a new oil refinery and petrochemical plant in Bontang, East Kalimantan in Indonesia, together with a ...

New Rolling Stock Plant Being Opened in Indonesia

PT Industri Kereta Api Indonesia (PT Inka), Indonesia’s state-owned rolling stock manufacturer, held a groundbreaking ceremony on 2 April for a new rolling stock plant in ...

Indonesian Logistics Start-up Kargo Receives USD 7.6 Million Seed Funding

Kargo, a logistics startup based in Indonesia, announced in late March that it has received USD 7.6 million seed funding. The investment was led by Sequoia Capital India and ...

Indonesia Seeks USD 7.7 Billion Investment for Three Economic Zones

On April 1, 2019, the Indonesian President launched three special economic zones (SEZs) in East Kalimantan, North Sulawesi and North Maluku. Investors in the SEZs will benefit

Indonesia Halts Implementation of E-Commerce Tax

Sri Mulyani Indrawati, Indonesia’s finance minister, has announced that Indonesia is halting the implementation of PMK 210/2018, a regulation which governs the taxation of ...

First Phase of Mass Rapid Transit System Opened in Jakarta

Indonesia’s president Joko Widodo inaugurated the first phase of Jakarta Mass Rapid Transit (MRT) on April 24,2019. The project was funded by the Japan International ...

Vietnam to Raise Retail Electricity Prices by 8.36%

The Ministry of Industry and Trade (MoIT)'s Electricity Regulatory Authority has raised the retail price for electricity by 8.36% to an average of 1,864.4 VND (USD 0.0804) per

Vietnam Government Launches National E-document Exchange Platform

The government office has launched a National e-Document Exchange Platform that connects Vietnam government offices, ministries, agencies, and localities, and enables secure ...

Vietnam Government Exploring Measures to Reduce Industrial Energy Use

With the industrial sector account for 47% of Vietnam's total Energy consumption, the country's Ministry of Industry and Trade (MOIT) is reviewing businesses to explore ...

Van Don EZ Being Developed in Vietnam’s Quang Ninh Province

The Vietnam government is planning to develop Quang Ninh Province's Van Don economic zone (EZ) into a dynamic economic hub with a focus on tourism, as well as the production ...

Smart City Plan Approved for Binh Duong Province

A smart city plan has been approved for Binh Duong province. The plan will focus on applications of advanced technologies in the areas of electronic government and traffic ...

Satellite-Based Dengue Forecasting System Launched in Vietnam

A dengue fever forecasting Model Satellite-based system (D-MOSS) was launched in Hanoi in March 2019. The early warning system created by D-MOSS is being piloted in Hanoi, Dak

New MoU Signed Between Vietnam Airlines and Sabre

A memorandum of understanding (MOU) has been signed by Vietnam Airlines and Sabre, a leading provider of systems for air bookings, as part of efforts to take forward the ...

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