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

Malaysia Discussing Possible Port Klang Expansion with China

Malaysia and China are discussing the possibility of port expansion plans according to the Transport Minister of Malaysia. The government had identified Port Klang as its ...

First Korean Themed Retail Zone Launched in Malaysia

The largest shopping mall in Malaysia, 1 Utama Shopping Centre has soft-launched the first Korean themed retail zone in the country. The venture is driven by the popularity of

Two Special Economic Zones Planned for Indonesian Island Batam

Batam island plans to develop two special economic zones (SEZs), on top of its free trade zone (FTZ) status. The proposed zones may be approved as early as June this year, ...

Repsol Makes Largest Gas Discovery in Indonesia in 18 Years

Repsol, the Spanish Energy company, has made the largest gas find in Indonesia in 18 years. The discovery was made in the Sakakemang block in South Sumatra. The KDB-2X well in

PT Royal Express Indonesia and Weyland Tech Inc. Launch Pilot Program

Weyland Tech Inc. and ‘Last-Mile’ Delivery Partner, PT Royal Express Indonesia (“REX”) announces update on its strategic partnership. The companies are implementing a pilot ...

Chinese Fintech Company Commences Operations in Indonesia

OneConnect, a subsidiary of China-based Ping An insurance group commenced operations in Indonesia on 20 February. OneConnect is a Fintech SaaS provider of advanced ...

iPhone Manufacturer Commencing Operation in Batam, Indonesia

Pegatron Corporation, an Apple’s iPhones manufacturer, is looking to start production in April this year after it confirmed the rental of a 2-hectare factory in Riau Islands ...

Indonesia opens up Universities and Hospitals to Foreign Investment

The Investment Coordination Board (BKPM) of Indonesia revealed that government is considering revising its Negative List (Daftar Negatif Investasi) to allow foreigners to ...

Indonesia and UK Sign Low Carbon Energy MoU

On 20 February 2019, the United Kingdom and Indonesia signed a Memorandum of Understanding (MoU) on low carbon Energy development. Under the MoU, the UK will provide a USD ...

Indonesia and Australia Sign Economic Partnership Agreement

On 4 March 2019, Indonesia and Australia signed the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA). Indonesia, which is expected to be the world’s ...

IFC Approves USD 275 Million Loan to Indonesia’s Trans Corp

International Finance Corporation (IFC), a member of the World Bank Group, is providing a loan package of USD 275 million to PT Trans Corpora (Trans Corp), a wholly owned ...

Construction of New Jakarta Airport to Start in 2021

The state-owned airport operator, PT Angkasa Pura II, plans to build a new greenfield airport in Jakarta starting 2021. It is estimated that Indonesia would invest as much as ...

British Energy Firm BP Enters Indonesia’s Avtur Market

PT AKR Corporindo, Indonesia’s logistics and supply chain company operating in fuel and basic chemical distribution, has entered a joint venture with British Energy Firm BP to

Vietnamese Airlines to be Permitted to Establish Direct Services to the US

In February 2019, the US Department of Transportation’s Federal Aviation Administration (FAA) granted a Category 1 safety rating to Vietnam, based on an assessment of the ...

Vietnam Proposing Tax Cuts on Locally Made Auto Parts

The Ministry of Finance in Vietnam has sent in a ministry document (655/BTC-CST) to the prime minister requesting a change in laws to remove the special consumption tax on ...

Vietnam Marks its First Robotically Assisted Brain Surgery

Nhan Dan 115 hospital in Ho Chi Minh City, Vietnam has successfully carried out the surgery on February 15 by Doctor Si and his colleagues, with the support of the vice ...

Two New Wind Power Projects Approved in Vietnam’s Quang Tri Province

Two companies have obtained approval from the provincial government to develop wind power projects in Quang Tri Province in Vietnam. Huong Phung Wind Power Company Limited ...

Plans for Undersea Tunnel to Ease Traffic Issues in Ha Long City

The People’s committee in Quang Ninh, a northern province in Vietnam, plans to construct an underseas tunnel to ease traffic congestion, increase connectivity and improve road

Explore Our Services