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

Logistics Developer GLP Plans USD 1.5 Billion Investment in Vietnam

Oct 2020 Vietnam, Economy

Asia's biggest warehouse operator GLP and Ho Chi Minh City-based startup SEA Logistic Partners (SLP) have announced a USD 1.5 billion joint venture to develop modern logistic ...

Kosy Group Kickstarts USD 345 Million Wind Power Plant in Bac Lieu

Oct 2020 Vietnam, Energy

The Vietnamese Kosy Group, which operates in urban development and renewable energy, recently launched the first phase of the Kosy Bac Lieu onshore wind project, located in ...

KEPCO to Invest USD 189 Million in Power Plant Construction Project

Oct 2020 Vietnam, Infrastructure

Korea Electric Power Corporation (KEPCO) has decided to participate in the 1.2G W Vung Ang 2 coal-fired power project in Vietnam, investing USD 189 million to acquire a 40% ...

ITE and RSAF Launch First Work-Study Diploma for Full-Time National Servicemen

Oct 2020 Singapore, Defense/Aerospace

The Institute of Technical Education (ITE) and the Republic of Singapore Air Force (RSAF) have launched a new Work-Study Diploma (WSDip) in Aircraft Maintenance Engineering, ...

Indonesia to Develop New Plantations in Borneo

Oct 2020 Indonesia, Retail/FMCG

The Indonesian government plans to expand a national “food estate” program centered in Borneo, by establishing millions of hectares of new crop plantations. The program's aim ...

Indonesian Air Force Launches New Cyber Unit

Oct 2020 Indonesia, Defense/Aerospace

The Indonesian Air Force has created a new Cyber Unit to confront potential cyberattacks or threats of cyber warfare. The Cyber Unit, established under the Air Force’s ...

Indonesia Launches Intelligence Hub to Counter Illegal Fishing

Oct 2020 Indonesia, Environment

The Indonesian Coast Guard has launched the Indonesian Maritime Information Center (IMIC) to tackle illegal fishing and other maritime violations in Indonesia by using ...

Indonesia Could Become a Manufacturing Hub for COVID-19 Vaccine

Oct 2020 Indonesia, Healthcare

Indonesia could become a vaccine production hub for South East Asia in the near future, stated Wang Yi, China's Foreign Minister, after a meeting with Luhut Pandjaitan, the ...

Iloilo Province to Increase Budget in 2021 to Stimulate Covid-19 Recovery

Oct 2020 Philippines, Economy

The Iloilo province in the Visayas region is proposing a budget of USD 66.77 million for the year 2021. This is 6% higher than the allocated budget of the province for 2020 ...

Honeywell to Provide Technology to Pertamina for Advanced Biofuels

Oct 2020 Indonesia, Energy

PT Pertamina will use Honeywell UOP technologies to produce advanced biofuels at its Plaju and Cilacap refineries in Indonesia. The UOP Renewable Jet Fuel Process technology ...

HDC to Expand Overseas to Boost Halal Industry

Oct 2020 Malaysia, Retail/FMCG

The Halal Development Corporation (HDC), Malaysia’s federal government halal promotion agency, plans to expand its operations in the next five years to Japan, Korea, Taiwan, ...

Hanoi Considers Building Second Airport to Meet Rising Demand

Oct 2020 Vietnam, Defense/Aerospace

The Hanoi Department of Planning and Architecture has recommended constructing a new airport in Ung Hoa district, 40 kilometers south of the city. A second airport is in line ...

GWM Buys GM’s Facilities in Rayong, Makes Thailand its Regional Production Hub

Oct 2020 Thailand, Manufacturing

Chinese automobile manufacturer GWM (Great Wall Motors) has signed an agreement with US peer GM (General Motors) to acquire GM’s production facilities in Rayong, Thailand. ...

GUUD Trade Platform Launched by vCargo Cloud to Simplify Global Trade Processes

Oct 2020 Singapore, ICT

vCargo Cloud Pte Ltd, a Singapore-based ICT company founded in 2013, has launched a technology platform called GUUD, created to simplify trade processes and thus improve ...

Da Nang City Targets One Million Roof Top Solar Power Homes

Oct 2020 Vietnam, Environment

The Da Nang Department of Industry and Trade has launched a pilot project for the development of a million roof-top solar power homes. This project, jointly developed with ...

Cosmose AI and ADA to Expand Connected Retail Technology in South East Asia

Oct 2020 Malaysia, ICT

Cosmose AI, a Shanghai-based developer of data analytics platform predicting offline purchase behavior, has formed a strategic partnership with Axiata Group unit ADA, a data ...

Construction of Malolos-Clark Railway Project to Start End of 2020

Oct 2020 Philippines, Infrastructure

The construction of the Malolos-Clark portion of the North-South Commuter Railway (NSCR) will soon start following the signing of three civil works contracts amounting to PHP ...

Companies Join Hands for Transit-Oriented Developments in Indonesia

Oct 2020 Indonesia, Infrastructure

Sinar Mas Land and Mitbana (a joint venture fund management company of Mitsubishi and Surbana Jurong) have entered into a strategic partnership to build transit-oriented ...

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