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

Indonesia to Launch USD 2.6 Billion Hydroelectric Power Plant

Apr 2023 Indonesia, Energy, Infrastructure

The President of Indonesia, Joko Widodo, attended a ground-breaking ceremony on March 1, 2023, for the construction of a hydropower plant that will cost USD 2.6 billion and ...

Ford to Build a USD 4.5 Billion Nickel Plant in Indonesia

Apr 2023 Indonesia, Manufacturing

Ford has entered a partnership with PT Vale Indonesia and China's Zhejiang Huayou Cobalt to construct a USD 4.5 billion nickel processing plant in Indonesia. The Pomalaa ...

Malaysia Approved Investments Valued at USD 60 Billion in 2022, Second-Highest Ever

Apr 2023 Malaysia, Economy

The Malaysian Investment Development Authority (MIDA) has recently revealed that the country’s approved investment for 2022 amounted to MYR 264.6 billion (USD 60 billion) the ...

Malaysia Partners with UK Company for Cyber-security Regional Hub

Apr 2023 Malaysia, ICT

Malaysian energy company, Sapura Holdings Bhd is teaming up with UK-based TriCIS Ltd to create a regional center for cyber intelligence solutions through its cyber security ...

Leading Biological Specialist Expands in Thailand and Singapore

Apr 2023 Singapore, Thailand, Healthcare

Austrianova, also known as SGAustria, a leading provider of cell biological products and services, has unveiled plans to expand its facilities in Thailand and Singapore. The ...

Philippines Poised to Pass Regional Peers in the Renewable Energy Production

Apr 2023 Philippines, Energy, Environment

The Philippines is making significant progress in the renewable energy space and is poised to overtake Vietnam as Southeast Asia's leading producer of green energy by 2030. ...

Thailand’s PTT Oil and Retail Plans USD 900 Million Investment in 2023 for Expansion

Apr 2023 Thailand, Retail/FMCG

PTT Oil and Retail (OR), Thailand's prominent oil and retail operator, has announced impressive financial results for 2022, with sales and service revenue totaling USD 22.8 ...

Japanese Aristech Company to Invest in a USD 97 Million Durian Cultivation Project in Malaysia

Apr 2023 Malaysia, Agrifood

Japan-based agritech company MYFARM Inc has recently put forward plans to invest MYR 210 million (USD 47 million) in a durian, agriculture and aquaculture cultivation project ...

Malaysian Space Agency to Improve Strategic Cooperation with Industry, Plans Space Launching Site

Apr 2023 Malaysia, Defense/Aerospace

It has recently been announced that the Malaysian Ministry of Science, Technology, and Innovation (MOSTI) through the Malaysian Space Agency (MYSA) will be leading the Space ...

Amazon to Invest USD 6 Billion for a New Infrastructure Region in Malaysia

Apr 2023 Malaysia, Infrastructure

Amazon Web Services (AWS) will be launching a new AWS infrastructure Region in Malaysia, with the primary aim of connecting local developers, startups, entrepreneurs, and ...

Largest-ever US Business Delegation to Vietnam Seeks Investment Opportunities

Apr 2023 Vietnam, Economy

Senior executives from 52 US companies have recently participated in the US-ASEAN Business Council's (USABC) largest-ever business mission to Vietnam in March 2023. The ...

Agribank’s Efforts in Boosting Hi-tech Agriculture in Vietnam

Apr 2023 Vietnam, Agrifood

The Vietnam Bank for Agriculture and Rural Development (Agribank) is taking an active part in providing capital, consultations, and other support to local farmers, aiming at ...

Swedish Companies to Support Malaysia’s Green Transition Efforts

Apr 2023 Malaysia, Environment

Malaysia and Sweden have inked a collaboration agreement on green transition which is intended to intensify collaborations, promotion and innovation for sustainable ...

Malaysia Introduces First Flagship Medical Tourism Hospital Program

Apr 2023 Malaysia, Healthcare

Malaysia’s lead government agency for medical tourism, Malaysia Healthcare Travel Council (MHTC) has introduced its first Flagship Medical Tourism Hospital Program in ...

Taiwan’s HWC Coffee to Launch 40 Additional Stores in Malaysia

Apr 2023 Malaysia, Retail/FMCG

Taiwan-based specialty coffee house chain HWC Coffee has announced that it will open an additional 40 specialty coffee brand stores throughout Malaysia in 2023. HWC plans to ...

The UK and Vietnam Set to Collaborate on Clean Energy

Apr 2023 Vietnam, Energy

Sector experts have recently highlighted how, in the field of clean energy, Vietnam's current situation resembles the one the United Kingdom in the first decade of the 21st ...

Airbus Group Plans to Increase Supply Chains in Vietnam

Apr 2023 Vietnam, Defense/Aerospace

Airbus Group has committed to increasing its supply chains in Vietnam for new orders related to the production of aircraft spare parts, according to the General Director of ...

Sandvik to Construct Load and Haul Factory in Malaysia to Meet Growing Mining BEV Market

Apr 2023 Malaysia, Manufacturing

‍Swedish engineering group Sandvik announced a new production facility in Malaysia for manufacturing underground loaders and trucks in order to meet demand for ...

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