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

Electric Vehicle Industry Development Act (EVIDA) Signed into Law; Envisaged to Bring In High-Tech Investments

Jun 2022 Philippines, Economy

Republic Act 11697 or the Electric Vehicle Industry Development Act or EVIDA, which was signed into law by the outgoing President Rodrigo Duterte, is poised to attract ...

Philippines’ Department of Science and Technology Proposes Collaboration with Italy’s Ministry of University and Research

Jun 2022 Philippines, Healthcare

The Philippines and Italy are hoping to sign a mutual agreement for collaborating not just on science and health but also in other areas of strategic interests such as ...

Shoppymore Introduces Malaysia’s Newest and Safest e-Commerce Platform

Jun 2022 Malaysia, Retail/FMCG

Malaysia welcomes its newest e-commerce website, Shoppymore, an online retail platform offering sellers and shoppers the safest and most satisfying online shopping ...

US-based Indium Corp Invests USD 56.8 Million in Manufacturing Plant

Jun 2022 Malaysia, Manufacturing

US-based global materials supplier Indium Corp is investing MYR 250 million (USD 56.8 million) in a new manufacturing plant in Penang. The company supplies to the electronics ...

Straits Trading, Malaysia Smelting Unveil Flagship Development Straits City Masterplan

Jun 2022 Malaysia, Infrastructure

Singapore-based The Straits Trading Co Ltd and Malaysia Smelting Corp Bhd have unveiled the master plan for Straits City, its flagship development in Butterworth, Penang. It ...

DICT Urges More Satellite System Players to Enter the Philippines

Jun 2022 Philippines, ICT

The Philippine Department of Information and Communications Technology (DICT) held a public consultation with Satellite Systems Providers or Operators (SSPOs) on May 26, ...

South Korea Extends USD 56.6 Million Loan for the PGN Island Bridges Project

Jun 2022 Philippines, Infrastructure

The Korean Government has extended USD 56.6 million in loans to the Philippines government for engineering services needed for the 32-kilometer Panay-Guimaras-Negros (PGN) ...

Swimlane Establishes Regional Headquarters in Malaysia, Aims for Expansion

Jun 2022 Malaysia, ICT

US-based security automation developer, Swimlane, is setting up a regional headquarters in Kuala Lumpur as part of its expansion plan into the Asia Pacific. Swimlane has ...

Cargill Multiplies Production of its Tapioca Syrup in Indonesia

Jun 2022 Indonesia, Agrifood

Cargill, a global food corporation headquartered in Minneapolis, has extended the processing capabilities of its sweetener facility in Cikande, Indonesia, to more than double ...

Bluebird Group Appoints Darktrace to Defend Against Cyber-Threats

Jun 2022 Indonesia, Defense/Aerospace

Darktrace, a global leader in cyber security AI, announced that Bluebird Group, an award-winning Indonesian transportation company, has chosen Darktrace AI to intercept ...

Korea’s Hyundai Bested Turkey’s Asfat Over Patrol Vessel Offer

Jun 2022 Philippines, Defense/Aerospace

The Philippine Navy, which has been retiring World War II-era ships since 2020, has been on a buying spree for replacement with brand-new and refurbished vessels. South Korea ...

Vietnam Seeking Improved Market Access for F&B in the US and the UK

Jun 2022 Vietnam, Agrifood

Vietnam´s Deputy Minister of Agriculture and Rural Development recently proposed specific cooperation areas with the UK, such as the development of green and low-emission ...

Thales Cooperating in Vietnam for the Application Satellite Images

Jun 2022 Vietnam, Defense/Aerospace

The Vietnamese Ambassador to France recently visited a Thales Group’s facility in Cannes which specializes in developing technology solutions for satellite, aerospace, ...

Vietnam’s Offshore Wind Power Industry Attracts Danish and Norwegian Firms

Jun 2022 Vietnam, Energy

During recent talks with officials from Vietnam´s Ministry of Industry and Trade (MoIT), several Danish and Norwegian companies expressed their interest to promote offshore ...

Vietnam and US to Commit to Increase Trade and Investment

Jun 2022 Vietnam, Economy

During the US trip of Vietnam’s Prime Minister, which took place in May 2022, representatives from the two countries reaffirmed their intention to further grow their ...

Japan Funds Project for the Development of Large-Scale Production of Natural Rubber in Vietnam

Jun 2022 Vietnam, Environment

The Japan International Cooperation Agency (JICA) and the Japan Science and Technology (JST) in cooperation with the Hanoi University of Science and Technology (HUST) and the ...

Vietnam’s Growing Pharmaceutical Industry Attracting Foreign Players

Jun 2022 Vietnam, Healthcare

Vietnam´s pharmaceutical industry is growing strongly, benefitting from stable input costs. According to SSI Research, during the first quarter of 2022 total pharmaceutical ...

Opportunities for Scientific and Technological Cooperation between Vietnam and South Korea

Jun 2022 Vietnam, ICT

In May 2022, the Embassy of Vietnam in the Republic of Korea (RoK) organized an event with around 30 Vietnamese scientists and professionals in the RoK to discuss the ...

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