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

Malaysian Army Orders Norwegian-Finnish Made M72 Anti-Tank Weapons

Aug 2024 Malaysia, Defense/Aerospace

The Malaysian Army has ordered 800 M72 LAW-EC (Lightweight Anti-Tank Weapons) from Nammo, a joint venture between Norway and Finland. This procurement is part of Malaysia’s ...

Malaysia Unveils Plan to Attract USD 63 Billion in Green Investments by 2030

Aug 2024 Malaysia, Economy

The Malaysian Investment, Trade and Industry Ministry (MITI) is set to develop a strategic plan to boost green investment and establish Malaysia as a leading regional green ...

Sarawak Petchem Opens USD 1.5 Billion Methanol Facility

Aug 2024 Malaysia, Energy

The inauguration of Sarawak Petchem Sdn Bhd’s USD 1.5 billion (MYR 7 billion) methanol complex represents a pivotal development for Malaysia, enhancing its status as a ...

Bursa Malaysia Launches Malaysia’s First Nature-Based Carbon Credit Auction

Aug 2024 Malaysia, Environment

Bursa Malaysia Bhd, the nation’s stock exchange, has launched Malaysia’s first nature-based carbon credit auction to expedite the development of domestic carbon ...

Malaysian Health Ministry Integrates Medical Technology, Targets 900 Clinics for Virtual Consultations

Aug 2024 Malaysia, Healthcare

The Malaysian Ministry of Health (MOH) plans to extend virtual consultation services to 900 health clinics nationwide by the end of the year. These services will cover ...

Malaysia Aims to Fortify 5G Infrastructure Against Cyber Threats

Aug 2024 Malaysia, ICT

Digital Nasional Berhad (DNB), the entity responsible for deploying Malaysia’s nationwide 5G infrastructure, has entered a strategic collaboration with CyberSecurity Malaysia ...

US’s Equinix Expands Data Center Footprint in Malaysia with USD 5 Million Investment

Aug 2024 Malaysia, Infrastructure

Equinix, Inc., a digital infrastructure company based in the United States, has announced a MYR 23 million (USD 5 million) investment to acquire land from Cyberview Sdn Bhd, ...

Belgian-based Melexis Launches Its World Largest Wafer Testing Site in Malaysia

Aug 2024 Malaysia, Manufacturing

Melexis, a Belgian microelectronics firm, has opened its largest wafer testing facility in Kuching, Sarawak, Malaysia, following a EUR 70 million (USD 77 million) investment. ...

Coach Partners with APW to Unveil First Coach Play Concept Store in Kuala Lumpur

Aug 2024 Malaysia, Retail/FMCG

US-based fashion brand, Coach is set to launch its first-ever Coach Play concept store in Southeast Asia. In collaboration with A Place Where (APW), an event and retail hub ...

Indonesia Enters US Seafood Export Quality Assurance Agreement

Aug 2024 Indonesia, Agrifood

Indonesia has formalized a regulatory framework for ensuring the quality of seafood products exported to the U.S. Announced by the Ministry of Maritime Affairs and Fisheries ...

Greek Defense Specialist Drives Next-Generation Interoperability Project for Indonesian Armed Forces

Aug 2024 Indonesia, Defense/Aerospace

SCYTALYS, a leading Greek provider of Defense Interoperability Systems and a member of EFA GROUP, has announced the successful handover of the System Interoperability Kodal ...

Indonesian Government Considers Seven New Special Economic Zones

Aug 2024 Indonesia, Economy

The Indonesian government has been presented with proposals to create seven new special economic zones (SEZs), as stated by the acting secretary general of the SEZ National ...

Norway to Pursue Hydropower and CCS Projects in Indonesia

Aug 2024 Indonesia, Energy, Environment

Norway aims to strengthen its partnership with Indonesia and explore investment opportunities in renewable energy, including hydropower and carbon capture and storage (CCS), ...

Sustainability Economics to Speed Up the Transition from Coal to Clean Energy

Aug 2024 Indonesia, Energy, Environment

Sustainability Economics, an international organization specializing in comprehensive net-zero solutions for high-emission industries, has partnered with SUCOFINDO, an ...

Japan’s Denzai Group Supplies Cranes for International Airport in Vietnam

Aug 2024 Vietnam, Infrastructure

Denzai K.K., a specialist in cranes and transportation, will provide cranes for the construction of Long Thanh International Airport, which is being developed on the ...

Foxconn Sets Up Its PlayStation Production in Vietnam

Aug 2024 Vietnam, Manufacturing

Taiwanese electronics giant Foxconn will set up a facility to produce PlayStation gaming consoles in Quang Ninh province, Vietnam, as part of a USD 287.2 million ...

Japanese Retail Giant Aeon Expands Its Business to Vietnam’s Central Region

Aug 2024 Vietnam, Retail/FMCG

Japanese retailer Aeon is set to open its first mall in central Vietnam and its seventh in the country in September 2024 in Thua Thien Hue province. During a recent site ...

Vietnam Removes Foreign Ownership Limits in the Cloud and Data Sector

Aug 2024 Vietnam, ICT

Vietnam has announced that foreign investors are now allowed to own data centers within the country. These new rules have emerged because the domestic market has struggled to ...

Explore Our Services