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 Forms Special Body to Tackle Economic Issues

Malaysia’s Prime Minister Tun Dr. Mahathir Mohamad has announced the formation of Economic Action Council (EAC) to tackle the gripping economic issues the country is facing. ...

Malaysia Exploring Multirole Fighter Jet Options

Malaysia is considering to add up to 30 lightweight multirole fighter jets to complement its fleet of F/A – 18D and Su-30MKM aircrafts. It was reported that the country’s ...

Lithium-Ion Car Batteries to be Manufactured in Malaysia

A locally listed company in Malaysia working with Malaysia Automotive Robotics and IoT Institute (MARii) is seeking to set up a facility in the next 18 months to manufacture ...

DoE Malaysia to Shut Down Illegal Plastic Waste Recycling Plants

The Malaysian Department of Environment (DoE), under the Ministry of Energy, Science, Technology, Environment and Climate Change (MESTECC), has set a target to close down 100 ...

Construction Sector Booming in East Malaysia

While the construction industry is experiencing weaker sentiments in Peninsular Malaysia, the sector is booming in East Malaysia particularly in Sarawak. In its latest budget ...

Indonesian State-Owned Enterprises Launching Centralized E-Payments Platform

Several Indonesian state-owned Indonesian enterprises are jointly launching a new digital payments platform, called LinkAja, which will be operation from 1 March, 2019. The QR

Indonesia Undertaking Revision of Oil and Gas Law

Indonesia plans to revamp its 2001 oil and gas law to increase oil and gas production, boost Indonesia’s Energy independence and strengthen investment in the country’s human ...

Indonesia Tourism Development Corporation Receives Funding for Mandalika Project

The state-owned tourism management enterprise Indonesia Tourism Development Corporation (ITDC) has obtained funding from the Asian Infrastructure Investment Bank (AIIB) to ...

Indonesia Preparing New Electric Vehicle Policy

Indonesia is in the midst of finalizing a new electric vehicle (EV) policy to build its position as a lithium battery hub in the region. The proposed plan offers tax ...

Indonesia Health Tech Startup, the Fit Company, Raises Funding

The Fit Company, an Indonesia-based wellness tech startup, raised an undisclosed amount of seed funding from East Ventures, whose Indonesian investment portfolio includes ...

Indonesia Expecting USD 1.6 Billion Annually from Mandatory Halal Labelling

Indonesia is on the road to make halal labeling compulsory for consumer products and services. The draft on mandatory halal rule is currently awaiting the president’s ...

Bali Planning Tourist Tax for Environmental Preservation

In light of the island’s ongoing Environmental woes, authorities in Bali are planning to unveil a USD 10 tax on foreign visitors to the island. The revenue will be directed to

Airbus Encouraged to Produce Aircraft Components in Indonesia

The Indonesian Government has requested Airbus to produce aircraft components in collaboration with Dirgantara Indonesia, an Indonesian aerospace Manufacturing company. The ...

Vietnam’s Newest Airline Bamboo Airways Launches Flights

On Jan 16, the Vietnam's Bamboo Airways completed its inaugural flight that departed from Ho Chi Minh City and arrived at Hanoi's Noi Bai International. It joins other local ...

Vietnam, Japan Cooperating to Address Environmental Pollution

As a result of strong economic growth in the current decade, Vietnam is facing severe Environmental issues such as frequent flooding in the city caused by climate change, or ...

Vietnam Preparing to Launch National Digital Map

Vietnam’s digital map on https://map.itrithuc.vn/ project, which creates a full address list and associated geocodes in a complete map is planned to be operational by ...

Medical Devices Business Regulations Modified in Vietnam

The Vietnam Ministry of Health (MOH) issued Decree No. 169/2018/ND-CP on 31 December, 2018 amending and supplementing some articles of Decree No.36 on Medical Device ...

CPTPP Takes Effect in Vietnam in January 2019

On January 14, 2019, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) officially came into effect in Vietnam. The country's National Assembly ...

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