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

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 ...

Schaeffler Expands its NTU Lab to Accelerate Research in Robotics, Mobility and Industry 4.0

Jun 2022 Singapore, ICT

In May, Global automotive and industrial supplier Schaeffler officially launched the Schaeffler Hub for Advanced Research (Share) at NTU, an expansion of its existing lab in ...

Daikin and SP Group to Form New Joint Venture to Build Singapore’s Largest Industrial District Cooling System

Jun 2022 Singapore, Infrastructure

In a press release by Singapore Power Group (SP Group), the company announced that it has formed a new Joint Venture with Daikin Singapore, with the aim of establishing ...

MiRXES Launches Southeast Asia’s First Industry 4.0 In-Vitro Diagnostic Manufacturing Facility

Jun 2022 Singapore, Healthcare, Manufacturing

MiRXES, a Singapore-headquartered biotechnology company that focuses on miRNA-powered cancer early detection tests, announced the opening of South East Asia’s first industry ...

Singapore to Launch Project 100K: Mapping DNAs to Identify New Ways to Prevent Diseases

Jun 2022 Singapore, Healthcare

In late May, the Singapore Government announced that it was embarking on a project to map the DNA and the complete set of genes of 100,000 Singaporeans, which could ...

Thailand to Develop Industrial Estate for South Korean Companies

Jun 2022 Thailand, Manufacturing

The Industrial Estate Authority of Thailand (IEAT) has just announced its intention to partner with South Korean companies in order to explore the possibility of establishing ...

Thailand’s Central Group to Build a USD 85 Million Mall in Pattaya

Jun 2022 Thailand, Retail/FMCG

Thai corporation's Central Group has just announced intentions to spend over USD 85 million in 2022 for the development of a new lifestyle retail mall at Wong Amat Beach in ...

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