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

Agilent and A*Star’s SIFBI Collaborate to Boost Singapore’s Agri-Food Ambitions

Agilent Technologies, a global leader in the life sciences, diagnostics and applied chemical markets, signed a Research study Partnership Contract (RCA) with the Singapore ...

Vietjet Air to Cooperate with ST Engineering to Leverage Operational Capacity

In February 2022, Vietnamese low-cost carrier Vietjet Air signed a comprehensive component Maintenance-By-the-Hour (MBH™) contract with the Singaporean firm ST Engineering to ...

Malaysia to Develop National Robotics Roadmap

Malaysian Prime Minister Datuk Seri Ismail Sabri Yaakob has announced the government’s plan to produce the National Robotics Roadmap (NRR) to push robotic technology into the ...

Malaysia Receives over USD 39.46 Billion Investments from US Companies

A total of USD 39 billion haS been invested by US companies into the Malaysian economy despite challenges posed by the COVID-19 pandemic, according to the American Malaysian ...

Malaysia’s Kedah Rubber City Aims for USD 2.38 Billion Investments By 2025

Malaysian Prime Minister Dato Seri Ismail Sabri has launched the Kedah Rubber City (KRC), which aims to become a leader in the growth of the domestic rubber industry and a ...

Keppel Collaborates with Sovico in Vietnam

Singapore's Keppel Group and Vietnam's Sovico Group have signed a Memorandum of Understanding to develop and roll out sustainable energy and smart, sustainable township ...

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 ...

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