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

DA and KAMICO Partner to Establish First Agri Machinery Industry Complex in the Philippines

Nov 2024 Philippines, Manufacturing

The Department of Agriculture (DA) and the Korea Agricultural Machinery Industry Cooperative (KAMICO) have signed a memorandum of understanding (MOU) to establish the ...

Philippine Ecozones Attract 150 Taiwanese Firms

Nov 2024 Philippines, Economy

Over 150 Taiwanese companies participated in the Philippine Investment Forum (PIF) held in Taipei on October 22, 2024, showcasing investment opportunities in key sectors such ...

IOI Properties Introduces USD 2.55 Billion Integrated Development in Selangor

Nov 2024 Malaysia, Retail/FMCG

IOI Properties Group Bhd (IOIPG), one of Malaysia’s largest real estate developers, has announced the launch of the IOI Rio City masterplan, a 40.46-hectare (100-acre) ...

Penang Selected for MKS Instruments’ USD 100 Million Super Center Semiconductor Facility

Nov 2024 Malaysia, Manufacturing

MKS Instruments Inc., a US-based global technology solutions provider, has announced a USD 100 million investment to build a state-of-the-art super center factory in Batu ...

Cargill Expands Cocoa Production in Indonesia, Addressing Demand for Indulgent Foods

Nov 2024 Indonesia, Agrifood

Cargill has announced the launch of a new cocoa production line at its processing plant in Gresik, Indonesia, in response to the growing demand for rich, flavorful, and ...

Turkish Company to Co-Produce Armored Personnel Carrier for the Indonesian Army

Nov 2024 Indonesia, Defense/Aerospace

Turkish armored vehicle manufacturer FNSS and Indonesia’s Pindad have formalized a development and production agreement to manufacture the Kaplan armored personnel carrier ...

Japanese Retailer Aeon to Invest USD 35 Million in New Mall in Vietnam

Nov 2024 Vietnam, Retail/FMCG

Japanese retailer Aeon has announced plans to invest USD 35 million in constructing a new shopping mall in Phu Ly town, located in Vietnam’s northern Ha Nam province. This ...

Swedish Entrance Automation and Door Control Specialist Opens USD 30 Million Factory in Vietnam

Nov 2024 Vietnam, Manufacturing

In September 2024, Assa Abloy Group, a global leader in entrance automation and door control solutions, inaugurated its USD 30 million factory in the northern port city of ...

Tanco Holdings to Boost Southeast Asia’s Logistics Hub with AI-powered Container Port

Nov 2024 Malaysia, Infrastructure

Tanco Holdings Bhd, a publicly listed property company in Malaysia, has joined forces with CCCC Dredging Southeast Asia Sdn Bhd (CDSA) to develop Malaysia’s first smart ...

Mediterranean Shipping Company Eyes Investment in Vietnam’s Key Infrastructure Projects

Nov 2024 Vietnam, Infrastructure

Switzerland-based Mediterranean Shipping Company (MSC), one of the world’s largest shipping lines, is exploring investment opportunities in Danang’s Lien Chieu port, a key ...

Taiwanese Company Expand AI Solutions in Vietnam to Drive Digital Transformation

Nov 2024 Vietnam, ICT

iKala, a leading AI transformation solutions provider from Taiwan, has joined forces with TPIsoftware, a digital transformation software company, to expand into the ...

Oracle to Invest USD 6.5 billion to Launch New Cloud Region in Malaysia

Nov 2024 Malaysia, ICT

Oracle has unveiled plans to invest over USD 6.5 billion to establish a public cloud region in Malaysia, responding to the growing demand for artificial intelligence (AI) and ...

AIH Brings Singapore-Standard Healthcare to Vietnam

Nov 2024 Vietnam, Healthcare

American International Hospital (AIH) is collaborating with Raffles Hospital Singapore to introduce advanced medical treatments to Vietnam, offering Singaporean-standard ...

Digitalization of Government Healthcare Facilities in Malaysia

Nov 2024 Malaysia, Healthcare

Malaysia is focusing on the digital transformation of its healthcare system, aiming to enhance medical tourism and provide remote villages with improved access to medical ...

Vietnamese Companies Set Packaging Recycling Goal

Nov 2024 Vietnam, Environment

PRO Vietnam, a coalition of large companies from the consumer goods, packaging, retail, and import sectors, has committed to recycling 64,000 tons of packaging materials in ...

Germany’s PNE AG Seeks Partners for USD 4.6 Billion Offshore Wind Project in Vietnam

Nov 2024 Vietnam, Energy

PNE AG, a Germany-based leader in wind energy development, is actively seeking sustainable partners for the USD 4.6 billion Hon Trau offshore wind power project, located in ...

Vietnam and UAE Strengthen Economic Ties with CEPA Agreement

Nov 2024 Vietnam, Economy

Vietnam and the UAE have signed a Comprehensive Economic Partnership Agreement (CEPA) during Prime Minister Pham Minh Chinh’s state visit to the UAE, marking a milestone in ...

Vietjet and Franco-American Aircraft Engine Manufacturer Enter USD 8 Billion Agreement

Nov 2024 Vietnam, Defense/Aerospace

Vietjet and CFM International, the Franco-American aircraft engine manufacturer, have reaffirmed their partnership with a commitment to supply over 400 LEAP-1B engines and ...

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