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 Finalizes Purchase of 42 French Rafale Fighter Aircraft
The Defense Ministry of Indonesia has confirmed signing a contract to procure an additional 18 Rafale fighter jets from France, marking the completion of the 2022’s order for ...
Indonesia Seeks Dutch Expertise to Advance Agriculture Startups
The Minister of Cooperatives and Small and Medium Enterprises affirmed that the Indonesian government is prepared to partner with universities and business incubators from ...
NEFIN Chosen for USD 27.5 million Solar Farm Project in Malaysia
NEFIN, a Hong-Kong-based green independent power producer has been chosen as one of the Solar Power Producers for the Corporate Green Power Programme (CGPP) by the Energy ...
Penang to reintroduce Waste Segregation at Source Policy
Penang state, through its city councils – Penang Island City Council (MBPP) and Seberang Prai City Council (MBSP), is set to reintroduce the Waste Segregation at Source ...
Novugen Oncology Earns USFDA Approval for High-Potency Drug Manufacturing in Malaysia
Malaysian pharmaceutical company, Novugen Oncology Sdn Bhd has secured approval from the US Food and Drug Administration (USFDA) for its specialized manufacturing facility ...
YTL Power to Collaborate with Nvidia to Build AI Infrastructure in Malaysia
Malaysian utility firm YTL Power International Bhd and US’s technology giant NVIDIA are partnering to establish state-of-the-art AI infrastructure in Malaysia. This ...
Malaysia and Indonesia Forge Landmark Telecom Partnership for Digital Advancement
Malaysia’s Persatuan Penyedia Infrastruktur Telekomunikasi Malaysia (PPIT) and Indonesia’s Asosasi Pengembang Infrastruktur dan Menara Telekomunikasi (ASPIMTEL) ...
Careplus and Go Auto’s Joint Venture to Build USD 127 Million GreenTech Facility for Electric Vehicle Production
Malaysia’s Careplus Group Bhd, a medical device manufacturer, and Go Auto Group Sdn Bhd, a local automotive importer, are collaborating through their joint venture, ...
Foreign EV Manufacturers to Set Up Shops in the Philippines
The Philippine Economic Zone Authority (PEZA) announced that four electric vehicle manufacturers were considering the Philippines as a manufacturing base. These include two ...
Philippine Conglomerate Metro Pacific Investments Secures Green Investments Incentives
Metro Pacific Agri Ventures (MPAV), a subsidiary of conglomerate Metro Pacific Investments Corporation with investments in infrastructure, tolls, power, and water, was ...
NEDA Greenlighted 3 High-Impact Infrastructure Projects
During the 11th meeting convened by President Ferdinand R. Marcos Jr. at the Malacañang Palace in Manila, the National Economic and Development Authority (NEDA) Board ...
More International Beverage Brands Open in Malaysia
Several international beverage brands are tapping into the Malaysian market, taking advantage of the growing number of upscale urban shopping centers. Notable entrants, ...
PEZA Targets 15% Investment Growth in 2024
The Philippine Economic Zone Authority (PEZA) aims to achieve a minimum of 15% growth in approved investments for the year 2024. PEZA Director General Tereso Panga stated ...
UK Government Strengthens Healthcare Partnerships with the Philippines
The UK’s Department for Business and Trade (DBT) and the British Embassy in Manila hosted a Trade Mission last 29 November – 1 December composed of National Health Service ...
Swiss Grocer Disrupts Retail Market in the Philippines
The Philippine retail scene, traditionally dominated by giants like SM, Robinsons Retail, and Puregold, faces a potential disruptor in DALI, a Swiss grocer quietly gaining ...
AFP Expands Defense of the Philippines’ Exclusive Economic Zone in WPS
As the Armed Forces of the Philippines (AFP) gains ground in its anti-insurgency efforts, the focus is shifting towards bolstering external defense capabilities. This ...
DTI Delves Into AI Technology to Improve Philippine Economy
President Ferdinand R. Marcos Jr. and Department of Trade and Industry (DTI) Secretary Alfredo Pascual have met with Silicon Valley Technology companies and investors for a ...
Malaysia Anticipates Economic Recovery in 2024 with Projected GDP Growth of 4.4% to 4.7%
Research firms, including CGS-CIMB, MIDF, and Maybank Investment Bank Research, anticipate a positive trajectory for Malaysia’s economy in 2024. Projections range from ...
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