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

Thailand Plans Ambitious Airports Expansion

Oct 2024 Thailand, Defense/Aerospace, Infrastructure

Airports of Thailand (AOT) has announced plans to expand its six international airports to accommodate 210 million passengers by 2032. Kerati Kijmanawat, AOT’s ...

Thailand Innovates in Plant-based Meat Using Coconut Water

Oct 2024 Thailand, Agrifood

A Thai company renowned for its coconut vermicelli has ventured into plant-based meat production using coconut water, as part of a government initiative to boost the ...

Malaysia Government Invests USD 1.06 billion to Transform Agriculture and Boost Rice Production

Oct 2024 Malaysia, Agrifood

The Malaysian government is initiating several major projects in the agricultural sector, with a significant focus on rice production. One of the key initiatives is a ...

Capital A Launches Malaysia’s Largest 14-Line Aircraft Maintenance Facility

Oct 2024 Malaysia, Defense/Aerospace

Asia Digital Engineering (ADE), the Maintenance, Repair, and Overhaul (MRO) division of Capital A (formerly AirAsia Group), has officially unveiled its latest 14-line MRO ...

Malaysia Introduces Tax Breaks and Incentives to Boost Global Investment in Forest City

Oct 2024 Malaysia, Economy

Malaysia has unveiled a series of tax breaks and incentives for the Forest City development, officially designated as the Forest City Financial Zone (FCSFZ) in August 2023. ...

Solarvest Holdings Secures USD 24 Million Contract for Solar Farm Construction in Malaysia

Oct 2024 Malaysia, Energy

Malaysia’s major clean energy firm, Solarvest Holdings, has clinched a MYR 113 million (USD 24 million) Engineering, Procurement, Construction, and Commissioning (EPCC) ...

German Delegation Visits Malaysia to Support Water Sector Transformation

Oct 2024 Malaysia, Environment

In September 2024, the German Federal Ministry for Economic Affairs and Climate Protection (BMWK) collaborated with the Environmental Technologies Export Initiative, the ...

Malaysia’s Medical Tourism Revenue to Reach USD 476 Million in 2024, Fueled by Penang’s Growth

Oct 2024 Malaysia, Healthcare

Malaysia’s private healthcare and medical tourism sector is set to generate MYR 2.2 billion (USD 476 million) in revenue in 2024, with Penang emerging as a pivotal hub ...

Malaysia Generates USD 222 Million By Strengthening AI Digital Ecosystem

Oct 2024 Malaysia, ICT

The Malaysia Digital Economy Corporation (MDEC), the leading agency for the country’s digital economy under the Ministry of Digital, has successfully integrated 140 ...

TM Global and Radian Arc Continue Partnership to Scale Cloud Gaming Across New Markets

Oct 2024 Malaysia, Infrastructure

TM Global, the domestic and international wholesale arm of Telekom Malaysia (TM), the country’s largest telecommunications provider, has extended its partnership with ...

Elna Inaugurates New USD 230 Million Printed Circuit Boards Facility in Penang, Malaysia

Oct 2024 Malaysia, Manufacturing

Elna PCB (M) Sdn. Bhd., the Malaysian subsidiary of Global Brands Manufacture under Taiwan’s Passive System Alliance (PSA) Group, has announced the opening of its second ...

PUMA Opens Its Biggest Southeast Asian Store in Malaysia

Oct 2024 Malaysia, Retail/FMCG

PUMA has opened its largest flagship store in Southeast Asia, located in Sunway Pyramid, Selangor, Malaysia. Spanning 12,000 square feet, the store reinforces PUMA’s ...

Indonesia Expands Carbon Trade Collaboration with Japan

Oct 2024 Indonesia, Environment

Indonesia is set to finalize a bilateral agreement with Japan aimed at enhancing carbon trading between the two nations, according to the Southeast Asian country’s ...

South Korean Companies Invest in Indonesia’s Regenerative Medicine and Cell Therapy Market

Oct 2024 Indonesia, Healthcare

South Korea’s Daewoong Pharmaceutical and GC Cell are entering Indonesia’s regenerative medicine and cell therapy markets. Daewoong Pharmaceutical has established a ...

Italian Company Partners to Strengthen Telecom Security in Indonesia

Oct 2024 Indonesia, ICT

SecurityGen, an Italian telecom cybersecurity firm, has partnered with PT NEC Indonesia, a multi-vendor system integrator specializing in IT networks and AI technologies, to ...

Indonesian Government and South Korean Investor Team Up for Bali’s LRT

Oct 2024 Indonesia, Infrastructure

The Indonesian government is moving forward with plans for a Light Rail Transit (LRT) system in Bali, estimated to cost approximately USD 10.8 billion. Minister of ...

Japanese Company Expands Petrochemical Operations in Indonesia with New USD 110 Million Facility

Oct 2024 Indonesia, Manufacturing

Nippon Shokubai Indonesia is moving forward with plans to expand its petrochemical operations in Cilegon, Banten, by constructing a fourth plant phase, set to begin in 2025. ...

French Luxury Group Expands in Indonesia, Opens First Sandro Store in Jakarta

Oct 2024 Indonesia, Retail/FMCG

French luxury fashion group SMCP, which owns brands such as Sandro, Maje, Claudie Pierlot, and Fursac, is expanding in Indonesia through a new partnership with Mitra Adi ...

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