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

Penang Aims for 100 Self-Sustaining Urban Farms by 2023

The Penang State Government, in collaboration with Sultan Idris Education University (UPSI) and Think City, a social purpose organization, has launched Kebun Kita(r), ...

NEA Issues Bidding for Feasibility Studies for the Semakau Landfill

Singapore's National Environment Agency (NEA) has issued a Request for Proposal (RFP) to study the technical feasibility of recovering mixed landfilled materials in the ...

More Companies Seek COVID-19 Vaccine Distributorship Roles in Malaysia

More local companies in Malaysia are competing to work with COVID-19 vaccine manufacturers for distributorship, marketing, and licensing rights even before the commencement ...

Manila Water to Build Sewage Plant, Maynilad Water Launches Sewer Rehab

Manila Water signed a usufruct agreement with the local government of Antipolo City for the construction of the Hinulugang Taktak Sewage Treatment Plant in the city. The ...

Malaysia’s AirAsia Group Establishes Subsidiary for MRO Operations

Malaysia’s low-cost airline AirAsia Group Bhd has set up a new wholly-owned subsidiary called Asia Digital Engineering (ADE) to be Asia’s leading engineering services ...

Logistics Developer GLP Plans USD 1.5 Billion Investment in Vietnam

Asia's biggest warehouse operator GLP and Ho Chi Minh City-based startup SEA Logistic Partners (SLP) have announced a USD 1.5 billion joint venture to develop modern logistic ...

Kosy Group Kickstarts USD 345 Million Wind Power Plant in Bac Lieu

The Vietnamese Kosy Group, which operates in urban development and renewable energy, recently launched the first phase of the Kosy Bac Lieu onshore wind project, located in ...

KEPCO to Invest USD 189 Million in Power Plant Construction Project

Korea Electric Power Corporation (KEPCO) has decided to participate in the 1.2G W Vung Ang 2 coal-fired power project in Vietnam, investing USD 189 million to acquire a 40% ...

ITE and RSAF Launch First Work-Study Diploma for Full-Time National Servicemen

The Institute of Technical Education (ITE) and the Republic of Singapore Air Force (RSAF) have launched a new Work-Study Diploma (WSDip) in Aircraft Maintenance Engineering, ...

Indonesia to Develop New Plantations in Borneo

The Indonesian government plans to expand a national “food estate” program centered in Borneo, by establishing millions of hectares of new crop plantations. The program's aim ...

Indonesian Air Force Launches New Cyber Unit

The Indonesian Air Force has created a new Cyber Unit to confront potential cyberattacks or threats of cyber warfare. The Cyber Unit, established under the Air Force’s ...

Indonesia Launches Intelligence Hub to Counter Illegal Fishing

The Indonesian Coast Guard has launched the Indonesian Maritime Information Center (IMIC) to tackle illegal fishing and other maritime violations in Indonesia by using ...

Indonesia Could Become a Manufacturing Hub for COVID-19 Vaccine

Indonesia could become a vaccine production hub for South East Asia in the near future, stated Wang Yi, China's Foreign Minister, after a meeting with Luhut Pandjaitan, the ...

Iloilo Province to Increase Budget in 2021 to Stimulate Covid-19 Recovery

The Iloilo province in the Visayas region is proposing a budget of USD 66.77 million for the year 2021. This is 6% higher than the allocated budget of the province for 2020 ...

Honeywell to Provide Technology to Pertamina for Advanced Biofuels

PT Pertamina will use Honeywell UOP technologies to produce advanced biofuels at its Plaju and Cilacap refineries in Indonesia. The UOP Renewable Jet Fuel Process technology ...

HDC to Expand Overseas to Boost Halal Industry

The Halal Development Corporation (HDC), Malaysia’s federal government halal promotion agency, plans to expand its operations in the next five years to Japan, Korea, Taiwan, ...

Hanoi Considers Building Second Airport to Meet Rising Demand

The Hanoi Department of Planning and Architecture has recommended constructing a new airport in Ung Hoa district, 40 kilometers south of the city. A second airport is in line ...

GWM Buys GM’s Facilities in Rayong, Makes Thailand its Regional Production Hub

Chinese automobile manufacturer GWM (Great Wall Motors) has signed an agreement with US peer GM (General Motors) to acquire GM’s production facilities in Rayong, Thailand. ...

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