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

SoKor to Fund an Agri Center, France to Assist Mango Export to EU Market

Jun 2022 Philippines, Agrifood

South Korea will be funding an agriculture mechanization center in Nueva Ecija, a city located in the north of Luzon. The grand project broke ground last May, with the ...

Japanese Motor Company Invests 7.39 Billion More Into its PH Operations

Jun 2022 Philippines, Manufacturing

Nidec, a leading producer of motors found in hard disk drives, automobiles, and consumer and industrial equipment, would break ground for a new facility sometime in the third ...

First Philippine Holdings Allots Capex for Clean and Renewable Energy Projects

Jun 2022 Philippines, Energy

First Philippine Holdings Corp. earmarked PHP 51 billion (USD 953.2 million) of its capital expenditures mainly to fund the expansion of its power generation and property ...

Malaysia to Lead World’s First Algae Biotech Consortium for Sustainable Future

Jun 2022 Malaysia, Environment

Malaysia is slated to establish the world's first algal biotechnology consortium (ABC), which will serve as a critical component of a sustainable planet and a vital ...

Angkasa-X to Create Space Technology Ecosystem and Launch Satellites in 2023

Jun 2022 Malaysia, Defense/Aerospace

An MYR 30 million (USD 6.8 million) earth station and space technology center is being built at the Universiti Sains Malaysia (USM) Engineering Campus in Penang state by ...

Malaysia to Lessen Palm Oil Export Tax to 4- 6% to Boost Market Share

Jun 2022 Malaysia, Agrifood

Malaysia’s Plantation Industries and Commodities Ministry announced a measure to reduce the palm oil export tax from 8% to between 4-6% to alleviate the global shortage of ...

Reservoir Link, AAH to Form JV Company For Energy Storage Solutions

Jun 2022 Malaysia, Energy

Malaysia’s energy-related services provider, Reservoir Link Energy Bhd and investment company, ADS Asset Holdings Sdn Bhd (AAH) are forming a joint venture and shareholder ...

Malaysia Promotes Circular Bio-economy As An Investment Target

Jun 2022 Malaysia, Economy

Malaysian Investment Development Authority (MIDA), the government's principal investment promotion agency, emphasized that Malaysia should tap into the circular bio-economy ...

Indonesia’s Economy Retained its Solid Growth Trend in Q1 of the Year

Jun 2022 Indonesia, Economy

Official figures show that a historic spike in commodities prices and the easing of Covid-19 limits helped Indonesia's economy grow for the fourth consecutive quarter between ...

Vietnam’s Meat Industry to Attract French Companies

Jun 2022 Vietnam, Retail/FMCG

According to the French consul general in Ho Chi Minh City, several French meat producers have been seeking to expand business in Vietnam since the EU-Vietnam Free Trade ...

KPower’s Granulab Launches Halal-Certified Synthetic Bone Cement Prosteomax

Jun 2022 Malaysia, Healthcare

KPower Bhd, Malaysia’s utility and renewable energy company, has launched the country’s first halal-certified synthetic bone cement, Prosteomax, through its subsidiary ...

KPower Healthcare Plans to Acquire 11 International Hospitals in Indonesia

Jun 2022 Indonesia, Healthcare

KPower Healthcare chief executive officer Muhamad Badzli Abu Bakar said the company hopes to conclude the deal for three to five of the hospitals this year. KPower Healthcare ...

Lamipak officially kicked off the construction of its second factory in Indonesia

Jun 2022 Indonesia, Manufacturing

Lamipak, one of the industry leaders in providing high quality products and solutions in aseptic packaging, breaks ground on the construction of a new packaging factory in ...

Astro Indonesia Raised a USD 60 Million Investment to Improve Grocery Delivery

Jun 2022 Indonesia, Retail/FMCG

Indonesia's vast archipelago has long been a problem for logistics companies, but it has no shortage of brave challengers. Jakarta-based Astro, which provides 15-minute ...

SM Prime Develops Green Projects

Jun 2022 Philippines, Environment

SM Prime Holding Inc. (SM Prime), one of the leading integrated property developers in Southeast Asia, announced that it will develop greener buildings that provide holistic ...

Thailand and Japan Launch Defense Agreement for Equipment and Technology Transfers

Jun 2022 Thailand, Defense/Aerospace

In May 2022, Japan and Thailand signed an agreement for the mutual transfer of defense equipment and technology. This milestone increases the two nations' security ...

Japan Commits to Invest in Thailand’s EV Industry, Toyota Receives Inventive

Jun 2022 Thailand, Economy

During the visit of Japan's Prime Minister to Thailand, the two countries pledged closer economic cooperation, with Japan committing to an investment in the electrical ...

Companies in Thailand Invest in Biomass to Lower Energy Bills

Jun 2022 Thailand, Energy

Thailand is renewing the effort to adopt biomass as a leading energy source, with the aim of relieving companies from growing fossil fuel prices. The Southeast Asian ...

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