Czech automaker Skoda is set to complete a USD 500 million car manufacturing plant in Vietnam by the first quarter of 2025. This development was confirmed during a meeting between Prime Minister Pham Minh Chinh and Klaus Zellmer, CEO of Skoda Group in January. The...
The Vietnam Textile and Apparel Association reported that the textile and garment sector reached USD 44 billion in exports in 2024, reflecting an 11% year-on-year increase. The US remains Vietnam’s largest export market, with USD 16.7 billion in turnover, up over 12%...
ExxonMobil, a leading American oil company, has committed to investing up to USD 15 billion in carbon capture and storage (CCS) and a petrochemical refinery in Indonesia. The agreement was formalized through a memorandum of understanding (MoU) signed between the...
GC Cell, a prominent South Korean cell and gene therapy company, successfully hosted its inaugural thought leadership symposium in Jakarta, Indonesia. Organized in partnership with PT Bifarma Adiluhung (Bifarma), a leading player in Indonesia’s stem cell therapy...
BDx Data Centers, one of Asia’s fastest-growing data center providers, has announced the opening of its fifth data center in Indonesia, reinforcing its expansion in the region’s digital infrastructure sector. The new facility, CGK 3A, is in Southern...
A newly announced UK-Indonesia sustainable infrastructure partnership is set to create opportunities for leading British engineering firms, including Arup, Mott MacDonald, and PwC, to contribute to infrastructure projects in Indonesia. Announced by the UK’s...
Indonesia’s Investment Minister announced that Apple plans to set up a manufacturing facility in Batam early in 2026 to produce its AirTag tracking devices. The facility will supply 65% of Apple’s global AirTag demand. The small, coin-shaped device is...
Liverpool FC has expanded its presence in Asia by launching its second official retail store in Indonesia. The new store in Surabaya was officially inaugurated by former Reds striker Emile Heskey, who also hosted a meet-and-greet session with fans in January. As part...
Yinson Holdings, a Malaysian energy infrastructure company, has secured a significant USD 1 billion funding round for its subsidiary, Yinson Production, which specializes in equipment for the offshore oil and gas industry. The investment comes from a consortium of...
On January 7, 2025, Malaysia and Singapore finalized an agreement to establish the Johor-Singapore Special Economic Zone (JS-SEZ), a groundbreaking initiative aimed at strengthening economic ties between the two countries. Malaysian Prime Minister Anwar Ibrahim...
IDC Technologies Sdn Bhd has been awarded a contract to supply six hovercraft fast interceptors to the Malaysian Army. The contract, valued at MYR 20.37 million (approximately USD 4.59 million), was officially awarded to IDC Technologies on January 29, 2025. The...
Debic, a global leader in dairy solutions for professional chefs, has introduced its Cream Cheese to the Malaysian market, expanding the premium ingredient options for local culinary professionals. This launch is significant given Debic’s century-long history of...
