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
Malaysia’s Millionaires to Double by 2027
According to the latest report by property consultancy Knight Frank, the number of Malaysians with at least USD 1 million in wealth is set to nearly double from over 85,000 ...
Malaysia Emerging as MRO Hub with Purchase of South Korean’s FA-50 Fighter Jets
Analysis have recently highlighted how Malaysia’s decision to purchase 18 FA-50 Block 20 "Fighting Eagle” light combat aircraft represents a building block for the country’s ...
Japanese Dairy Giant and Agrocorp to Open Pea Protein Plant in Malaysia
It has been announced that Japanese dairy giant Megmilk Snow Brand is partnering with Singaporean global agrifood supplier Agrocorp International to produce and distribute ...
Indonesia’s Coffee Industry Attracts Foreign Investors and Sees Emergence of Local Champions
Indonesia’s dynamic coffee industry has recently witnessed some interesting developments.
Tech-enabled coffee chain Flash Coffee recently closed its series B round ...
British Consortium to Invest USD 9 Billion in Indonesia
Reuters recently reported that a British consortium that includes mining giant Glencore is set to invest about USD 9 billion in Indonesia's mining and electric vehicle (EV) ...
Key Players Join Forces to Unlock Indonesia’s Modern Warehouse Investment Opportunities
Indonesia Investment Authority (INA), asset manager ESR Group, and MC Urban Development Indonesia (MCUDI), a 100% subsidiary of Mitsubishi Corporation engaged in real estate ...
Nokia and Indosat spearhead Indonesia’s Digital Vision with Network Consolidation
Finnish multinational telecommunications, information technology, and consumer electronics corporation Nokia recently announced that it has partnered with Indonesia’s ...
US Company Receives FDA Clearance for Augmented Reality Surgical Navigation in Indonesia
US company Novarad has received approval from Indonesia’s Food and Drug Administration (FDA) for its VisAR surgical navigation system. Novarad's VisAR uses augmented reality ...
US Provides USD 1 Million Grant for Wind Power Plant in Indonesia as Part of the Just Energy Transition Partnership
The US Trade and Development Agency has just awarded a grant to PT Medco Power Indonesia (Medco) for a feasibility study to help develop an estimated 111-megawatt wind power ...
Consortium of Danish Companies to Provide Nuclear Power and other Technologies to Produce Fertilizer in Indonesia
Four Danish companies, Topsoe, Alfa Laval, Copenhagen Atomics and Aalborg CSP, have entered into a Memorandum of Understanding (MoU) with Indonesian ammonia producer Pupuk ...
Indonesia’s Textile Sector to Invest in Modern and Sustainable Solutions
It has been reported that the Indonesian textile industry will produce 3.9 million tonnes of textile waste in 2030. With 92 million tonnes of textile waste generated yearly, ...
Indonesia and Malaysia Partner for Advancing Aerospace Industry
Indonesia and Malaysia have signed two memoranda of understanding (MoUs) in the defense sector, between state-run aircraft manufacturer PT Dirgantara Indonesia (PTDI) and ...
USAID Launches USD 8.2 Million Coffee and Cacao Agroforestry Project in Indonesia
The United States Agency for International Development (USAID) has launched a project to promote sustainable cocoa and coffee production in Indonesia in partnership with Olam ...
Siam Makro Group Implements Oracle Solutions
Siam Makro group, operator of Thailand’s number one wholesaler Makro, and leading retailer Lotus’s, has announced its collaboration with Oracle to drive digital ...
New Renewable Energy Initiative in Thailand
Thailand's Energy Regulatory Commission (ERC) has chosen 175 companies to participate in the initial stage of its renewable energy initiative. The program has garnered ...
VinES and Li-Cycle Form Long-Term Battery Recycling Partnership
VinES Energy Solutions (VinES), an industry leader in lithium-ion battery resource recovery, and Li-Cycle Holdings Corp. (Li-Cycle), the leading lithium-ion battery recycler ...
Vietnam Unveils Its National Master Plan for 2021-2030.
On April 20, Vietnam’s National Master Plan for 2021-2030, with a vision to 2050, was made public in Hanoi.
By 2030, Viet Nam aims to be an upper middle-income country ...
Vietnam to Seek More Private Investment to Construct New Seaports
In April 2023, a 24,000-TEU cargo ship M/V OOCL from Spain, on its first voyage connecting Asia and Europe, arrived at Gemalink Deepwater Seaport in the southern province of ...
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