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

New Partnership for Digital Logistics Solutions in Indonesia

Nov 2021 Indonesia, ICT

Local logistic player GL Terminal and PT GUUD Logistics Indonesia (operating under the brand “Clickargo”, a subsidiary of Singapore's GUUD Pte Ltd) have announced the launch ...

New Collaborations to Accelerate the Development of Malaysia’s EV Charging Infrastructure

Nov 2021 Malaysia, Infrastructure

Yinson Green Technologies (M) Sdn Bhd has signed a term sheet with GreenTech Malaysia Alliances Sdn Bhd (GTMA), a subsidiary of the Malaysian Green Technology and Climate ...

mu Space Opens New Satellite and Space Factory in Thailand

Nov 2021 Thailand, Defense/Aerospace

Aerospace manufacturer and satellite internet service provider mu Space Corp. has just displayed to the public its brand-new satellite, the mu-B200 and the opening of Factory ...

MDEC Launches 4IR Catalyst Grant for Local and Foreign Technology Companies

Nov 2021 Malaysia, ICT

The 4IR Catalyst Grant (4ICG) has been announced by the Malaysia Digital Economy Corporation (MDEC), a government body responsible for promoting the digital economy. The ...

Malaysian Government to Accelerate Development of Electric Vehicle Technology

Nov 2021 Malaysia, Energy

Malaysia's Ministry of Science, Technology, and Innovation (MOSTI) has launched The NanoMalaysia Energy Storage Technologies Initiative (NESTI) Program to support the ...

Malaysia Launches National Trade Blueprint (NTBp) to Bolster Trade Competitiveness

Nov 2021 Malaysia, Economy

Malaysian Prime Minister Datuk Seri Ismail Sabri Yaakob has unveiled the National Trade Blueprint (NTBp), which aims to boost the country's competitiveness by enhancing the ...

Korean Company, EnPlus, is First Electric Vehicle Manufacturer in PEZA Ecozone

Nov 2021 Philippines, Manufacturing

The Philippine Economic Zone Authority (PEZA) has signed a Memorandum of Understanding (MoU) with South Korean company, EnPlus Co Ltd. to help set up joint ventures to ...

Itochu Expands to Indonesian Industrial Park

Nov 2021 Indonesia, Infrastructure

Japan-headquartered Itochu Corporation has announced that it has acquired an additional 105 hectares of land for development in Karawang International Industrial City (KIIC), ...

Industrial Estate Authority of Thailand to Build USD 53 Million Industrial Estate

Nov 2021 Thailand, Infrastructure

The Industrial Estate Authority of Thailand (IEAT) has just announced plans to build a new industrial estate Chachoengsao with a THB 1.76 billion (USD 53 million) budget to ...

Indonesia Unveils its Greenest Procurement Plan for the Power Sector

Nov 2021 Indonesia, Environment

Indonesia has revealed the latest procurement plan, RUPTL 2021 – 30, created by the state utility Perusahaan Listrik Negara (PLN). It includes up to USD 35 billion for ...

Indonesia to Introduce New Tax Reforms

Nov 2021 Indonesia, Economy

The Indonesian government has approved new tax measures aimed to boost 2022 revenues. The move aims to capitalize on increased spending demands following the contractions ...

Indonesia Establishes New Genomics Research Center

Nov 2021 Indonesia, Healthcare

Indonesia´s National Research and Innovation Agency (BRIN) has established a genomics facility at the Cibinong Science Center (CSC), in West Java, that will be used for ...

IHI, Petronas, TNB Collaborate on Ammonia Co-Firing Technology for a Carbon-Free Ammonia Supply Chain

Nov 2021 Malaysia, Environment

IHI Corporation, a Japan-based heavy-industry manufacturer, has signed an agreement with Malaysia's state-owned energy firm Petronas and the largest electricity utility in ...

ICTSI, PLDT Build 5G-Enabled ‘Intelligent’ Port

Nov 2021 Philippines, Infrastructure

International Container Terminal Services Inc. (ICTSI) has partnered with PLDT Inc. and Smart Communications Inc. to build and operate the first 5G enabled intelligent port ...

Household Spending to Recover in 2022

Nov 2021 Philippines, Economy

Household consumption in the Philippines could see sustained improvement in the near term amid slowing daily COVID-19 infection rates, analysts said. A more sustained ...

H&R GmbH Renews Commitment in Malaysia with Additional Investment of USD 48 Million

Nov 2021 Malaysia, Manufacturing

German company Hansen & Rosenthal (H&R) Group has announced that it will invest MYR 200 million (USD 48 million) in a specialty manufacturing plant in Lumut, Perak. ...

Freeport Indonesia to Build Copper Smelter Complex

Nov 2021 Indonesia, Manufacturing

Freeport Indonesia, a joint venture between US-based Freeport-McMoRan and the Indonesian government, has begun to construct copper smelter and precious metal refinery in ...

Export Value for Agricommodity Sector to Hit USD 36.55 Billion

Nov 2021 Malaysia, Agrifood

Malaysia’s export value of its agricommodity sector in 2021 is expected to hit MYR 204 billion (USD 49.06 billion), a significant increase from MYR 152 billion (USD 36.55 ...

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