Airbus SE announced on 30 August that it will invest MYR 505 million (USD 121 million) for three key initiatives to enhance the aviation and aerospace industry in Malaysia. The announcement was made during the Memorandum of Agreement (MOA) signing ceremony between...
The Philippines Navy (PN) announced that President Rodrigo Duterte has approved the inclusion of two submarines in its acquisition list. These will be the first ever submarines acquired by the PN. According to the secretary of Department of National Defense (DND),...
Singapore-based investment group Clermont acquired a majority 70% stake in Israeli company, Eviation Aircraft (Eviation) in August 2019. Eviation is the developer of the Alice all-electric business and commuter aircraft. Clermont also has interests in the healthcare...
Thailand has announced plans to buy 120 American armored vehicles. The delivery will be completed by 2020, with the first batch of 10 arriving in September 2019. Ministerial sources have revealed that Thailand paid for 47 vehicles and the US would supply 23 free as...
The Vietnamese airline industry is welcoming several new players, putting strain on its aviation Infrastructure. The Civil Aviation Authority of Vietnam (CAAV) recently approved an air operator’s certificate (AOC) for Vietstar Airlines, increasing the number of...
In July 2019, Teleport, the digital cargo and logistics platform of AirAsia, and Triple i Logistics, a logistics integrator with 27 years of experience in the international forwarding and logistics industry, have signed a Memorandum of Understanding (MoU) covering the...
Vietnam’s newest airline, Bamboo Airways began construction of an aviation training center in July 2019 in the central area of Vietnam. This is the first one in a series of training centers in Quang Ninh, Hai Phong and VInh Phuc (Northern provinces of Vietnam),...
Indonesia plans to build a second airport in Bali located in the northern village of Kubutambahan, Buleleng Regency. The proposed international airport will cater to budget airlines such as Jetstar, Air Asia and Lion Air. Meanwhile, the current Ngurah Rai...
During a visit to Turkey in July 2019, the Malaysian Prime Minister, Tun Dr Mahathir Mohamad said that Turkey has offered to support the development of the local defense industry in Malaysia through enhanced technology transfer from the Turkish defense. Turkey’s...
The Department of National Defense (DND) will source six new Offshore Patrol Vessels (OPVs) of the Philippine Navy from Austal Philippines, a Filipino-Australian ship building company located in Cebu. The government is allocating PHP 30 billion (USD 572.8 million) for...
PPG Industries, a Pittsburg-based manufacturer of paints, coatings, and specialty materials, announced a USD 15 million investment in a new 38,750 square foot (3,600 square meter) application support center (ASC) at the Seletar Aerospace Park near the Seletar Airport...
The Ministry of Home Affairs (MHA) in Singapore introduced the Home Team Science and Technology Agency Bill for first reading in Parliament on 8 July, 2019. MHA plans to increase its investment in Science and Technology (S&T) from SGD 979 million (USD 707...
