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

JFE Engineering, Berjaya Group to Develop Hazardous Waste Treatment Center in Malaysia

Aug 2021 Malaysia, Environment

Japan-based J&T Recycling Corporation and JFE Engineering’s local subsidiary, JFEE Malaysia have invested in Berjaya Alam Murni Sdn. Bhd. (BAM), a Berjaya Corporation ...

Singapore-based Jadestone Energy Becomes the Latest Upstream Investor in Malaysia

Aug 2021 Malaysia, Energy

Jadestone Energy, a Singaporean independent oil and gas production company has acquired Malaysia-based SapuraOMV Upstream (PM) Inc’s assets in offshore Peninsular Malaysia. ...

Manufacturing Sector Largest Recipient of FDI in 2Q 2021

Aug 2021 Malaysia, Economy

In the second quarter of 2021, Malaysia has registered around 325 foreign investment projects in the manufacturing and services sectors. with an estimated total investment ...

Malaysia Airlines, GE Digital Collaborate on Fuel Analytics

Aug 2021 Malaysia, Defense/Aerospace

Malaysia Airlines (MAS), the country’s flagship carrier will be implementing GE Digital's Fuel Insight and FlightPulse aviation software to overhaul and modernize its ...

FGV, Felcra and Baladna Food to Double Dairy Production in Malaysia

Aug 2021 Malaysia, Agrifood

FGV Holdings Berhad, Malaysia’s leading agri-commodities firm through its subsidiary, FGV Integrated Farming Sdn Bhd (FGVIF) has inked a collaboration with FELCRA Bhd, a ...

Cloud Kitchens Poised to Grow in Indonesia

Aug 2021 Indonesia, Retail/FMCG

Due to the Covid-19 pandemic, Indonesia has witnessed a series of lockdowns and social restrictions which prompted as many as 1,600 food establishments to close their doors. ...

Indonesian to Establish Center for Laptop Production

Aug 2021 Indonesia, Manufacturing

The Indonesian Ministry of Industry has announced plans to create an Engineering Center for laptop production, in order to build a market for domestically produced laptops ...

Indonesia to Introduce Two New Special Economic Zones in Batam

Aug 2021 Indonesia, Infrastructure

Indonesia has announced plans to establish two new special economic zones (SEZs) in Batam. The new SEZs, Nongsa Digital Park and Batam Aero Technic, are being developed to ...

Princeton Digital Group to Open a New Data Center in Indonesia

Aug 2021 Indonesia, ICT

Princeton Digital Group (PDG), a Singapore-based leading data center provider, has announced plans for a greenfield development in Jakarta, Indonesia. The move is part of ...

Indonesia Mandates Oxygen Producers to Prioritize Medical Oxygen

Aug 2021 Indonesia, Healthcare

Indonesia, which is currently battling its latest wave of Covid-19, is in great need of oxygen. The government has released a mandate for oxygen producers to prioritize ...

Jokowi’s New Economic Strategy for Indonesia to Focus on Green Economy

Aug 2021 Indonesia, Environment

President Jokowi recently unveiled a three-pronged economic strategy to speed up the country’s economic growth. Green economy is a key focus of the strategy, together with ...

Indonesia to Start Construction of Its Fist Utility-Scale Floating Solar Power Plant

Aug 2021 Indonesia, Energy

Masdar, one of the world’s leading renewable energy companies, and PT PJBI, a subsidiary of Indonesia’s state-owned electricity company PT PLN, have announced that financial ...

Indonesia Witnesses 7% Economic Growth in Q2 2021

Aug 2021 Indonesia, Economy

After contractions in the previous four consecutive quarters, Indonesia’s economy registered its first growth in Q2/2021. According to Statistics Indonesia (BPS), Indonesia’s ...

Indonesia Allocates USD 9.3 Billion for 2022 Defense Budget

Aug 2021 Indonesia, Defense/Aerospace

The Indonesian government has revealed a 2022 defense budget of IDR 134.1 trillion (USD 9.3 billion). According to the Ministry of Finance, the number reflects a 12% increase ...

Indonesia’s Fisheries Platform Aruna Obtains USD 35 Million in Funding

Aug 2021 Indonesia, Agrifood

Aruna, a leading fisheries and marine platform in Indonesia, has announced that it has raised USD 35 million in Series A funding. Founded in 2016, Aruna's tech-enabled ...

ZALORA Singapore Launches E-Commerce Booster Package

Jul 2021 Singapore, Retail/FMCG

Leading fashion and lifestyle e-commerce platform, ZALORA, announced the launch of its first E-Commerce Booster Package in partnership with Enterprise Singapore, Singapore’s ...

Warung Pintar Pushes for Digitization of Distribution Systems in the Traditional Grocery Sector

Jul 2021 Indonesia, Retail/FMCG

Warung Pintar, an Indonesian startup helping digitize the country’s vendors, has announced a collaboration with Coca-Cola Europacific Partners Indonesia (CCEP Indonesia) to ...

South Korea’s Retailer emart24 Opens First Outlet In Malaysia

Jul 2021 Malaysia, Retail/FMCG

Leading South Korean convenience store chain, emart24 has launched its first outlet in Malaysia, and plans to establish over 300 outlets nationwide within five years. The ...

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