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 to Introduce Two New Special Economic Zones in Batam

Aug 2021 Indonesia, Infrastructure

Indonesia has announced plans to establish two new special economic zones (SEZs) in Batam. The new SEZs, Nongsa Digital Park and Batam Aero Technic, are being developed to ...

Princeton Digital Group to Open a New Data Center in Indonesia

Aug 2021 Indonesia, ICT

Princeton Digital Group (PDG), a Singapore-based leading data center provider, has announced plans for a greenfield development in Jakarta, Indonesia. The move is part of ...

Indonesia Mandates Oxygen Producers to Prioritize Medical Oxygen

Aug 2021 Indonesia, Healthcare

Indonesia, which is currently battling its latest wave of Covid-19, is in great need of oxygen. The government has released a mandate for oxygen producers to prioritize ...

Jokowi’s New Economic Strategy for Indonesia to Focus on Green Economy

Aug 2021 Indonesia, Environment

President Jokowi recently unveiled a three-pronged economic strategy to speed up the country’s economic growth. Green economy is a key focus of the strategy, together with ...

Indonesia to Start Construction of Its Fist Utility-Scale Floating Solar Power Plant

Aug 2021 Indonesia, Energy

Masdar, one of the world’s leading renewable energy companies, and PT PJBI, a subsidiary of Indonesia’s state-owned electricity company PT PLN, have announced that financial ...

Indonesia Witnesses 7% Economic Growth in Q2 2021

Aug 2021 Indonesia, Economy

After contractions in the previous four consecutive quarters, Indonesia’s economy registered its first growth in Q2/2021. According to Statistics Indonesia (BPS), Indonesia’s ...

Indonesia Allocates USD 9.3 Billion for 2022 Defense Budget

Aug 2021 Indonesia, Defense/Aerospace

The Indonesian government has revealed a 2022 defense budget of IDR 134.1 trillion (USD 9.3 billion). According to the Ministry of Finance, the number reflects a 12% increase ...

Indonesia’s Fisheries Platform Aruna Obtains USD 35 Million in Funding

Aug 2021 Indonesia, Agrifood

Aruna, a leading fisheries and marine platform in Indonesia, has announced that it has raised USD 35 million in Series A funding. Founded in 2016, Aruna's tech-enabled ...

ZALORA Singapore Launches E-Commerce Booster Package

Jul 2021 Singapore, Retail/FMCG

Leading fashion and lifestyle e-commerce platform, ZALORA, announced the launch of its first E-Commerce Booster Package in partnership with Enterprise Singapore, Singapore’s ...

Warung Pintar Pushes for Digitization of Distribution Systems in the Traditional Grocery Sector

Jul 2021 Indonesia, Retail/FMCG

Warung Pintar, an Indonesian startup helping digitize the country’s vendors, has announced a collaboration with Coca-Cola Europacific Partners Indonesia (CCEP Indonesia) to ...

South Korea’s Retailer emart24 Opens First Outlet In Malaysia

Jul 2021 Malaysia, Retail/FMCG

Leading South Korean convenience store chain, emart24 has launched its first outlet in Malaysia, and plans to establish over 300 outlets nationwide within five years. The ...

Signs of Retail Recovery in the Philippines

Jul 2021 Philippines, Retail/FMCG

Swedish furniture maker has announced that IKEA Philippines will open its outlet in the Philippines in the 4th quarter of 2021. It was originally planned to open in 2020 but ...

Muji to Open First Store in Hanoi

Jul 2021 Vietnam, Retail/FMCG

Muji, a renowned Japanese retail company selling a wide variety of consumer goods, recently opened its first flagship store in Hanoi's Vincom Center Metropolis, after opening ...

AirAsia Acquires Gojek’s Thailand Operations in Thailand

Jul 2021 Thailand, Retail/FMCG

AirAsia Digital (the digital arm of multinational low-cost airline AirAsia) and ride-hailing unicorn Gojek have announced a partnership whereby AirAsia Digital will acquire ...

Thailand Developing 5G Powered Health Information System

Jul 2021 Thailand, Healthcare

Thailand is developing a 5G-powered intelligent medical information system in cooperation with five organizations including Mahidol University's Faculty of Engineering, the ...

Tessa Therapeutics and A*STAR’s Collaborate to Form Cell Therapy Laboratory

Jul 2021 Singapore, Healthcare

Tessa Therapeutics Ltd. (Tessa), a clinical-stage cell therapy company developing next-generation cancer treatments for hematological malignancies and solid tumors, is ...

TE Asia Invests USD 50 million in Indonesian Health Projects

Jul 2021 Indonesia, Healthcare

TE Asia Healthcare Partners, a healthcare group backed by US private equity firm TPG Capital, and Altrui Investment Management are investing USD 50 million in two medical ...

South Korea’s SK Group to Invest in Vietnam’s Largest Pharmacy Chain

Jul 2021 Vietnam, Healthcare

SK Group, one of South Korea's largest conglomerates, has been reported to be planning an investment in Vietnam’s largest pharmacy retail chain, Pharmacity, with an expected ...

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