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

Petronas Partners With Mitsui & Co., Ltd to Create Regional Carbon Capture And Storage Solutions Hub

Malaysia’s national energy company, Petronas has signed a Memorandum of Understanding (MoU) with Mitsui & Co., Ltd., a Japanese project development and trading ...

Malaysia Expands Solar, Biomass, Biogas & Hydro to Achieve 40% Renewable Energy By 2035

Malaysian Energy and Natural Resources Ministry (KeTSA) has targeted Malaysia to be equipped with 40% renewable energy (RE) by 2035. KETSA’s Deputy Minister Datuk Ali Biju ...

Malaysia Aspires to Be Biomass Hub Through Agricommodity Resources

Malaysian Prime Minister Datuk Seri Ismail Sabri Yaakob has announced that Malaysia is aiming to establish itself as a biomass hub, in keeping with the country's status as ...

Malaysia Awarded USD 30.94 Million Worth of Smart Automation Grants To SMEs, MTCs

Malaysian Investment Development Authority (MIDA), the country’s principal investment promotion agency, has approved Smart Automation Grants (SAG) totaling MYR 138.5 million ...

Malaysia, Turkey to Strengthen Cooperation in Defense, Aerospace Technology

Malaysia has signed several memorandums of understanding (MoUs) in various fields including defense with Turkey during the official visit of Malaysian Prime Minister Datuk ...

DART Partners With Robinsons Supermarket to Provide 15-minute Grocery Delivery

DART, a Manila-based quick-commerce provider, plans to tap the underserved online grocery market to grow its presence in the country as it banks on its 15-minute guarantee of ...

US-based Hematogenix’s Oncology Lab to Boost R&D in Local Pharmaceutical, Healthcare Industries

Hematogenix, a US-based global clinical research central laboratory specializing in oncology (cancer research) has established the first central oncology laboratory for ...

DKSH and Oatly Expand Partnership on Plant-Based Portfolio

A leading distributor headquartered in Switzerland, DKSH has established a partnership with Oatly, the largest oat beverage in the world from Sweden through its DKSH Business ...

Samsung SDI Launches USD 1.56 Billion Worth EV Battery Manufacturing Facility in Malaysia

South Korean top battery manufacturer, Samsung SDI Energy Malaysia Sdn Bhd (Samsung SDIEM) has launched the second phase of its EV battery cell manufacturing facility in ...

Sabah to Establish Centre of Excellence That Promotes Cybersecurity

The East Malaysian state of Sabah intends to establish itself as the center of excellence for cybersecurity. The Sabahan State Government has assigned a state-owned ...

Australia Helps Fight the Foot and Mouth Disease Outbreak in Indonesia

The Australian government will provide USD 1.5 million for Indonesia in response to the current Foot and Mouth Disease (FMD) outbreak. Following a formal request for support ...

Malaysia Digital Unveiled to Enhance Digital Capabilities and National Economy

Malaysian Prime Minister Datuk Seri Ismail Sabri Yaakob has unveiled Malaysia Digital as the new national strategic initiative to spur the growth of the country’s digital ...

Nestlé Opens USD 147 Million Pet Food Factory in Thailand

Swiss multinational food and drink processing conglomerate Nestlé has just launched USD 147 million Nestlé Purina PetCare factory on the Amata industrial estate in ...

Singaporean Company Completes 2,500 Sites for Satellite Services in Indonesia

Singaporean satellite company Kacific has just announced to have completed the deployment of more than 2,500 sites for Bakti, the Indonesian government's Telecommunications ...

Indonesian Health App Achieves USD 180,000 Annual Revenue from Premium Features

Fita, an Indonesia-based healthcare startup, just announced that it currently sells around 150 premium packages per day, contributing around USD 180,000 in annual ...

Indonesian Leading Mini-Markets to Exceed 40,000 Units

It has been recently projected that the stores of Indonesia's two largest minimarket operators will exceed 40,000 units by the end of 2022 as their sales increase. In the ...

Industrial Estate Authority of Thailand Studies Smart and Green Energy

It has been recently revealed that Industrial Estate Authority of Thailand (IEAT) is conducting a joint study smart energy. Named 'Smart Energy-Smart Grid', the project aims ...

Thai Retailers Launch Campaigns to Incentivize Sales

As Thailand reopens to international tourists, retailers in the country are collaborating to launch marketing campaigns to rekindle shopping among both Thai and foreign ...

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