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
DNB Successfully Integrates Five MNOs into its 5G Network
Digital Nasional Berhad (DNB), Malaysia’s sole 5G wholesale service operator has successfully integrated five mobile network operators (MNOs) into its 5G network as of ...
UK, US Keen to Enhance Digital Economic Cooperation with Malaysia
The UK has expressed its interest to enhance economic cooperation with Malaysia especially in the field of digital economy in various matters, including education and ...
Cargill Invests USD 100 million to Boost Specialty Fats Supply in Malaysia
Global manufacturer of agricultural products, Cargill will spend MYR 145 million (USD 34.7 million) to expand its production facility in Port Klang, Malaysia, to fulfill ...
Turkish Aerospace Establishes Its First Engineering and Design Office in Southeast Asia
Turkish aerospace giant, Turkish Aerospace Industries (TAI), has launched its first engineering and design office in the Southeast Asia region. Located in The Cyberview ...
Malaysia, US to Sign Supply Chain Cooperation Agreement
Malaysia and the United States will discuss a memorandum of cooperation (MoC) in early 2022 to enhance transparency, resilience, and security in the semiconductor and ...
Malaysia and Canada to Build New Floating Liquefied Natural Gas Projects
New floating liquefied natural gas (FLNG) projects will be developed by Malaysia and Canada to deliver super-chilled fuel to Asian markets, mainly China. According to Fitch ...
Petronas, ExxonMobil Ink MoU on Carbon Capture and Storage Technologies
Malaysian national oil company Petronas has signed an agreement with ExxonMobil to jointly explore carbon capture and storage (CCS) technologies to decarbonize Malaysia’s ...
Malaysia Signs MoU to Bring Healthcare Workers to Work and Train in the UK
Malaysia and the UK signed a memorandum of understanding (MoU) to allow Malaysian doctors and healthcare workers to work and accelerate their expertise in the UK. The ...
Ayala’s Energy Arm Invests USD 274 million More in Wind and Solar Projects in the Philippines
AC Energy Corporation, the energy firm of the Ayala Group, inked subscription agreements totaling PHP 14 billion (USD 274 million) in late December 2021 for its two ...
Water Quality Improvement in Manila Bay in 2021, Rehab to Continue in 2022
The Philippines Department of Environment and Natural Resources (DENR) has reported significant gains in the water quality of Manila Bay in 2021 as it vows to carry on its ...
Lego Invests in a Billion Dollar Factory in Vietnam
In December 2021, the LEGO Group signed a Memorandum of Understanding with Vietnam Singapore Industrial Park Joint Venture Company Limited (VSIP) to build a new factory in ...
EVN Commences Electricity Transmission Line Project between Laos and Vietnam
The state-owned company Vietnam Electricity (EVN) and Power Project Management Board 1 have started the construction of a 220 kV transmission line between Nam Mo (Laos) and ...
Vietnam Promotes Digital Transformation at the Provincial Level
The northern province of Bac Giang aims to deploy a series of solutions to accelerate the implementation of digital transformation and develop the provincial digital economy. ...
South Korea’s KT Corporation and Vietnam’s National Cancer Center Collaborate on AI-based Medical Research
KT Corporation, a South Korean telecommunications company, signed an MOU with Vietnam's National Cancer Center in December 2021 to promote early cancer diagnostic technology ...
IFC Supports Vietnam in Turning the Waste Issues into Energy Solutions
In December 2021, the International Finance Corporation (IFC), a member of the World Bank Group, signed an agreement with T&J Green Energy Company Limited to provide a ...
Yeo’s Invests USD 4.8 Million in High-Speed Combi Line to Boost Food and Beverage Production
Yeo Hiap Seng (Yeo’s), Malaysia’s leading food and beverage firm, has announced its investment of MYR 20 million (USD 4.8 million) in a high-speed combi production and ...
World’s1st Carbon Neutral Bicycle Tire Production Facility in Thailand
In September 2021, Italian bicycle manufacturer Vittoria Group announced the construction of a new factory in Thailand. The USD 20 million investment will see the company’s ...
Vietnam’s Software Industry Thrives Amidst the Covid Pandemic
Although the Covid-19 pandemic severely affected many companies, it has created new opportunities for several industries in Vietnam, including software.
In the first ...
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