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

Indonesian Logistics Startup Waresix Raises Series-B Funding

Waresix, an Indonesian logistics startup company, raised USD 100 million for its Series-B funding round. Investors include existing backers, EV Growth and Jungle Ventures as ...

Korea Development Bank Acquires Indonesia’s Tifa Finance

Korea Development Bank (KDB) has purchased a majority stake of 80.65% in Tifa Finance, a multi-finance company in Indonesia.  KDB is a state-owned bank established in 1954 ...

Anytime Fitness Asia Aims to Establish 100 Gyms in Malaysia in 3 to 4 Years

Anytime Fitness Asia (AFA), the regional master franchisee of the Anytime Fitness brand headquartered in Minnesota, USA, is planning to set up 100 more gyms in Malaysia in ...

Malaysia Invites Bids for Maritime Patrol Aircraft and Unmanned Aerial Systems

The Malaysian Ministry of Defense has issued an international tender to supply three unmanned aerial systems (UAS) and two maritime patrol aircraft (MPA). The announcement ...

AME Elite to Start Construction of Jstar Motion’s Fourth Manufacturing Facility in Johor

AME Elite Consortium Sdn Bhd, a Malaysia-based integrated industrial property development and engineering services provider is planning to state construction of Jstar ...

Communication Infrastructure in Sabah And Sarawak to be Upgraded by 2022

The Malaysian Communications and Multimedia Commission (MCMC), the national regulator for the communications and multimedia industry, has announced the government's plan to ...

Penang State Announces Initiative to Improve Water Supply Infrastructure by 2050

Penang Water Supply Corporation (PBAPP), a state-owned company that manages water supply in Penang has outlined three contingency plans under its Penang Water Supply ...

Malaysia Sets Up its First Oncofertility Referral Center

Malaysia's first oncofertility referral center or known as the Advanced Reproductive Centre (ARC) has been formally established at the Canselor Tunku Mukhriz Hospital of ...

Canadian Solar Inc Begins Construction of C&I Rooftop Solar Project in Penang

Ontario-based solar PV modules manufacturer, Canadian Solar Inc. (CSIQ) has announced the commencement of a commercial and industrial (C&I) rooftop solar construction ...

Green Packet Plans to Invest in Tencent Cloud Partnership to Set Up Data Center

Green Packet Bhd, a Malaysia-based leading telecommunications, media and technology company has announced an initial investment of MYR 100 million (USD 24 million) to set up ...

Johor’s Iskandar Malaysia Received USD 3.8 Billion Investments in 1H2020

Iskandar Malaysia, the southern economic corridor in Johor state has announced that it received USD 3.8 billion in cumulative investments for the first six months of 2020. ...

Thailand to Develop a 240-Kilometer Canal to Prevent Flooding in Central Region

Thailand’s Office of National Water Resources (ONWR) has announced plans to develop a 240-km canal from Chai Nat province to the Gulf of Thailand. Construction work is ...

Thailand’s Economic Updates for July 2020

The impact of COVID-19 has been negative for Thailand’s export- and tourism-reliant economy. According to Thailand’s Fiscal Policy Office, the Thai GDP is forecast to ...

Thailand’s Courts to Transition to Blockchain Storage Network by 2021

The Thai Office of Courts of Justice is developing a blockchain storage network as a part of court digitalization campaign set for the end of 2021. The blockchain transition ...

Thailand’s Bumrungrad International Hospital Embraces Wellness Tourism

Bangkok-based Bumrungrad International Hospital (BIH), one of the largest private hospitals in South East Asia, has teamed up with real estate developers to set up luxury ...

Pattaya City Seeks Cabinet Approval for Mega Infrastructure Project 

Pattaya City is moving forward with a mega infrastructure project proposal to upgrade the famous Cape Bali Hai area. Already approved at a public hearing attended by 300 ...

GE Awarded Contract from Thailand’s District Cooling System and Power Plant

GE has been awarded a five-year service agreement with Thailand’s District Cooling System and Power Plant (DCAP), the largest district cooling plant in the country, for ...

DKSH and Uhrenholt to Bring Emborg Dairy Products to Thai Consumers

DKSH Thailand has become Uhrenholt’s official partner to promote the signature Emborg brand of dairy products across Thailand. The target of this partnership is to introduce ...

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