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 Partners with US Mayo Clinic to Build International Hospital

Feb 2022 Indonesia, Healthcare

The Indonesian government estimates that some two million Indonesians travel overseas every year for medical check-ups, treatment and other medical services, spending around ...

Indosat Ooredoo and Hutchison Tri Indonesia Officially Merge

Feb 2022 Indonesia, ICT

PT Indosat Tbk and PT Hutchison 3 Indonesia have officially merged as Indosat Ooredoo Hutchison in January 2022. The merger is intended to create a new world-class digital ...

Indonesia’s Booming Food Market on the Radar of Australian Exporters

Jan 2022 Indonesia, Agrifood

Food demand in Indonesia is to quadruple within the next thirty years. According to the Australian Bureau of Agricultural and Resource Economics (ABARES), this fast-paced ...

Scottish Company Secures Funding for Exploring Tidal Turbine Farm in Indonesia

Jan 2022 Indonesia, Environment

Innovate UK, the UK’s innovation agency, recently awarded Scottish firm Nova Innovation GBP 200,000 (USD 273,000) of investment funds to evaluate the feasibility of ...

UAE Investing Over USD 32 Billion in Indonesia

Jan 2022 Indonesia, Economy

It has recently been disclosed that the United Arab Emirates (UAE) is investing USD 32.7 billion in Indonesia across different sectors, including for Covid-19 vaccine ...

Yili Group Builds Largest Ice Cream Factory in Indonesia

Jan 2022 Indonesia, Retail/FMCG

PT Yili Indonesia Dairy, a subsidiary of the Yili Group, has just completed its new smart ice cream factory at the Greenland International Industrial Center, Bekasi, West ...

Volta to Manufacture 5,000 E-motorcycles Per Month

Jan 2022 Indonesia, Manufacturing

PT Volta Indonesia Semesta, a joint venture subsidiary of PT NFC Indonesia Tbk and PT SiCepat Ekspres Indonesia, has recently announced plans to produce 60,000 electric ...

Toshiba Boosts Philippines’ Electronics Sector, Manufacturing Returns to Growth

Jan 2022 Philippines, Manufacturing

The Philippines' manufacturing industry expanded in December 2021 and recorded its highest growth rate in 9 months, according to a monthly survey conducted by IHS Markit. The ...

Philippines to Bid Out 3 ADB Funded Bridges in Marikina City

Jan 2022 Philippines, Infrastructure

The Department of Public Works and Highways (DPWH) of the Philippines announced that construction of three new bridges crossing Marikina River will commence by the second ...

NEDA Prepares Master Plans for Smart City Adoption in Emerging Megacities

Jan 2022 Philippines, ICT

The National Economic and Development Authority (NEDA) is preparing 13 sector-wide master plans in identified urban areas nationwide to help these urban corridors adopt smart ...

Philippines Receives USD 600 Million Loan from ADB for its Universal Health Care Program

Jan 2022 Philippines, Healthcare

The Asian Development Bank (ADB) has approved a USD 600 million policy-based loan to help the Philippines provide quality and equitable health services for all Filipinos as ...

Philippines Approves USD 97.9 Billion National Budget for 2022

Jan 2022 Philippines, Economy

President Rodrigo R. Duterte has signed into law the PHP 5.024 trillion (USD 97.9 billion) national budget for 2022, which will be used for the country’s COVID-19 pandemic ...

Philippines to Buy Two Warships From South Korean Shipbuilder

Jan 2022 Philippines, Defense/Aerospace

The Department of National Defense (DND) has signed a PHP 28 billion (USD 545.7 million) contract with South Korean shipbuilder Hyundai Heavy Industries (HHI) for the ...

Indonesia Boosts Development of Seaports

Jan 2022 Indonesia, Infrastructure

The Government of Indonesia has initiated and executed many projects related to infrastructure development infrastructure projects over the last six years, including the ...

Indonesia Mitigates Power Shortages with More LNG in 2022

Jan 2022 Indonesia, Energy

The government of Indonesia plans to divert more liquid natural gas (LNG) cargoes from the state-owned oil and natural gas corporation, Pertamina, for domestic consumption to ...

Indonesian Primary Weaponry System to be Modernized in 2022

Jan 2022 Indonesia, Defense/Aerospace

The Indonesian Ministry of Defense is focusing on acquisitions to modernize the Army’s defense equipment and improve the Army’s readiness for defending the country's ...

Danish Water Company Launches its New Smart Controller in Thailand

Jan 2022 Thailand, Agrifood

Grundfos, a Danish company specializing in advanced pump solutions and water technology, has recently launched in Thailand its new LC232 Controller. The solution is branded ...

Thailand Buys Textron’s AT-6 Light-Attack Aircraft, Becoming its 1st Foreign Customer

Jan 2022 Thailand, Defense/Aerospace

It has recently been reported that the Royal Thai Air Force awarded a USD 143 million contract to US-based Textron Aviation for eight Beechcraft AT-6 Wolverine light attack ...

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