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 Undersea Tunnel to be Reviewed After Feasibility Study Completed

The feasibility study for Penang's undersea tunnel project development which started in 2014 has been concluded in December 2020. The proposed undersea tunnel is part of the ...

LOGOS to Develop Indonesia’s Green Logistics Hub

The International Finance Corporation (IFC), a member of the World Bank Group, will provide LOGOS, an Australian logistics property group, with up to USD 120 million in debt ...

Daiwa Builds USD 40 Million Sports Equipment Factory in Da Nang City

Japanese sporting goods company Daiwa Vietnam recently commenced the construction of its third plant in Vietnam. Worth USD 40 million and located in Hoa Khanh Industrial ...

DuPont’s New Manufacturing Facility in Singapore

DuPont Nutrition & Biosciences has announced the mechanical completion of its new Flexiblend facility in Singapore. The new plant will leverage DuPont’s advanced ...

Vietnam’s Provinces Call for the Development of 5G

The provinces of Phu Tho and Binh Phuoc recently proposed to the Ministry of Information and Communications to develop 5G in their areas. The Vietnam Telecommunications ...

QR Code Technology Proposed to Address Illegal Meal Imports

Following the meat cartel scandal which has been in operation for 40 years, Malaysian government agencies involved in meat importation and halal certification are considering ...

Nokia and Ericsson Selected for 5G Deployment in Thailand

Thai mobile operator DTAC has selected Nokia as its first 5G radio access network (RAN) partner in a three-year deal covering the north and northeastern regions of Thailand. ...

Indonesia’s E-Commerce Sector Number One in South East Asia

According to research undertaken by Bank DBS Indonesia, the country has the highest rate of e-commerce in South East Asia. Since 2019, 90% of internet users in Indonesia have ...

Ericsson and Singtel Partner to Deploy 5G Technology in Singapore

In mid-December 2020, Singtel announced its partnership with networking and communications company Ericsson to deploy high-end 5G technology. This energy efficient 5G ...

New Solutions for Cleaning Vietnam’s Water Bodies

The government of Vietnam is turning its attention to the growing problem of the country’s polluted water bodies. Vietnam’s Prime Minister Nguyen Xuan Phuc has recently ...

Indonesia Peat Restoration Agency’s Mandate Renewed and Extended

The Indonesia Peat Restoration Agency’s (BRG) mandate has been renewed for another four years until December 2024. With the extension, the government has renamed the agency ...

Constant Energy Group, Hitachi Asia, and Santec to Invest in Solar Power

TMB Bank Public Company Limited is providing Thailand-based Constant Energy Group with a THB 1.5 billion (USD 50 million) green finance loan package. The funding will be ...

PUB Awards Contract for Industrial Water Treatment Modules

In late December 2020, the Public Utilities Board (PUB) announced that it would award a SGD 237 million (USD 180 million) contract to the China State Construction Engineering ...

88% of Malaysia’s Palm Oil Plantation Areas Now Certified

As the world’s second-largest palm oil producer, about 5.2 million hectares (ha) or 88% of Malaysia's total oil palm plantation areas in the country have been certified by ...

Vietnam’s Solar Market Sees New Projects and Acquisition Deals

Vietnam has great potential for solar power development, and its solar market is growing at a remarkable rate. With less than 10 MW of operational solar power capacity in ...

Singapore’s First Smart LNG Bunkering Vessel to Function as Test Bed for Digital Innovation

In early January 2021, Singapore received its first Liquefied Natural Gas (LNG) bunkering vessel from Keppel Offshore & Marine (Keppel O&M), the world’s first smart ...

PTT Exploration and Production (PTTEP) Expands its Activities in Myanmar and UAE

PTT Exploration and Production (PTTEP), a unit of Thailand's state-owned energy conglomerate PTT, recently received exclusive development rights from the Myanmar government ...

PT PJBI and Masdar Agree on Indonesia’s First Floating PV Project

PT PJBI, a subsidiary of Indonesia’s state electricity company PT PLN (Persero) and Masdar, one of the world’s leading renewable energy companies, have established a joint ...

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