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 Online Grocery HappyFresh Launches Supermarket Division

HappyFresh, an Indonesian online grocery company, has launched a store branch, HappyFresh Supermarket, to deliver groceries to customers across Southeast Asia (SEA). ...

Indonesia to Broaden Telemedicine for COVID-19 Patients Outside Jakarta

Indonesia's government will expand its free telemedicine program for COVID-19 patients outside Jakarta. By using the government website, COVID-19 patients outside of Jakarta ...

Indonesia Acquires More Than 70 Jets from France and the United States

The potential sale of F-15ID aircraft and related equipment to Indonesia, estimated to be valued at USD 13.9 billion, has been approved by the US State Department. In ...

ICT Firms Continue to Expand in Vietnam

According to the 2021 Buzz Rankings released by YouGov, a global public opinion and data company, e-commerce platforms and technology firms continued to be highly evaluated ...

Singapore’s Investment Ecosystem Drives Start-up Growth

The Southeast Asia digital economy is set to continue its momentum and strong growth despite the pandemic, with Regional M&A activity hitting an all-time high of almost ...

Further Nationwide Regulations for Tuna Harvest in Indonesia

The Indonesian government aims to set new strategies for its tropical tuna harvest in order to protect the wild stock in the country. The country has the highest annual tuna ...

French Specialist to Install 2.7 MWp Rooftop Solar in Thailand

French multi-energy major TotalEnergies SE has recently signed a binding, long-term agreement to deliver a 2.7 Megawatt peak solar PV (photovoltaic) rooftop and power 27% of ...

Foxconn to Invest USD 8 billion in Indonesia’s Electric Vehicles Sector

In the third quarter of this year, Foxconn plans to invest USD 8 billion in Indonesia to manufacture electric vehicles (EVs) and batteries. In addition to the cars, the ...

Foreign Retailers to Expand Business in Vietnam

Despite the pandemic impact, foreign retailers are implementing a multi-channel sales strategy and enhancing operations and delivery services to enlarge their business in ...

Final Stretch of New Cross Island Line (CRL) to be Completed by End 2033

The third and final section of the Cross Island Line (CRL), Singapore’s eighth MRT Line, is expected to have an estimated completion date of end 2033. The line, which is ...

European RE Firm to Invest USD 10 Billion in Singapore and the Region

EDP Renewables (EDPR), the world's fourth-largest renewable energy producer, announced that it will invest USD 10 billion by 2030 to establish its Asia-Pacific headquarters ...

DHL Express Malaysia Diversifies into Innovative Retail

DHL Express, a worldwide logistics company has widened its presence in Malaysia with the launch of a new mobile "ServicePoint” and through a partnership with Parcel365 as its ...

Clothing Brand Uniqlo to Open 5 New Stores in Singapore in 2022

Uniqlo has announced plans to open 5 new stores and refresh 2 of its existing stores in 2022, expanding its footprint to 31 stores island-wide. This move likely comes due to ...

Canada’s Eclipse Automation to Establish Its First Asia-based Manufacturing Facility in Malaysia

Malaysian Investment Development Authority (MIDA) has announced that Eclipse Automation Inc will open its first Asian manufacturing facility in Batu Kawan, Penang. Malaysia ...

AllDay Presents First Supermarket Smart Carts in the Philippines

AllDay Supermarket, one of the fastest-growing supermarkets in the Philippines and a retail arm of conglomerate Villar Group of Companies, has launched “smart carts” in its ...

Ajinomoto to Reduce GHG Emissions Through Solar Power Factory Partnership with Spectrum

Ajinomoto Philippines Corporation (APC) Group which is the Philippine subsidiary of global food company Ajinomoto Group, and Meralco-owned solar company Spectrum, have signed ...

USD 238 Million Renewable Energy Industrial Complex to be Established in Sabah

Suria Capital Holdings Bhd, a Sabah-based investment holding and property development company, has formed a partnership with trading firm Vandelay Ventures Sdn Bhd to develop ...

Projects Approved for Pre-feasibility Studies under the German-Indonesian Green Infrastructure Initiative

It has been revealed that 15 projects have been approved for pre-feasibility studies within the framework of the German-Indonesian Green Infrastructure Initiative (GII). The ...

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