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
AWS Plans to Invest Over USD 8.5 billion in Singapore for Cloud Technology and AI
Amazon Web Services (AWS) recently announced plans to invest an additional SGD 12 billion (USD 8.86 billion) in its existing cloud infrastructure in Singapore from 2024 to ...
Singapore Army Starts Using a New Light Machine Gun
The Singapore Army has started outfitting its infantry units with a new light machine gun (LMG) designed for close-quarters combat. Specifically, the army has been gradually ...
South Korea’s Kakao Healthcare and Indonesian University Partner on AI-Powered Blood Sugar Management Solution
South Korean health-tech company Kakao Healthcare has entered into a memorandum of agreement (MOA) with Universitas Indonesia Hospital (RSUI) to collaborate on localizing and ...
South Korea’s K-water Plans to Construct a Water Treatment Facility in Indonesia
Korea Water Resources Corp. (K-water) has collaborated with Indonesia’s Ministry of Public Works and Public Housing to establish a water treatment facility in ...
Indonesia Launches Third Phase of New Capital Development
Indonesia has launched the third phase of the Nusantara Capital City (IKN) project, which includes 25 project packages such as the construction of the National Police and ...
Government Approves Three New SEZs, Aiming for USD 9.8 Billion Investment Value
The National Council for Special Economic Zones (KEK) in Indonesia has approved proposals for three new special economic zones (SEZs) in Batam, Tangerang, and Morowali. These ...
Vietnam An Attractive Investment Destination for Singapore Companies
Singaporean companies are increasingly looking towards Vietnam as a strategic destination amidst shifts in manufacturing, the green transition, and advancements in artificial ...
Vietnam Partners with Denmark and Australia to Foster Sustainable Agriculture
In May 2024, the Danish Minister for Food, Agriculture, and Fisheries, along with a delegation of Danish agri-food companies, visited Vietnam to engage in high-level ...
Singapore Advocates for Green Data Centers Amid Rising AI Demand and Strained Energy Resources
Singapore is intensifying its focus on developing green data centers in response to the growing demand for artificial intelligence (AI), which significantly increases energy ...
Vinmec Central Park International Hospital Joins Cleveland Clinic Connected Membership
In May 2024, Cleveland Clinic and Vinmec Health System announced the inclusion of Vinmec Central Park International Hospital in the Cleveland Clinic Connected network. ...
Singapore Food Agency Enhances Fish Farming Infrastructure in Southern Waters
The Singapore Food Agency (SFA) is exploring ways to enhance fish farming infrastructure in the southern waters, following the announcement that the Barramundi Group, the ...
UAE’s Defense Specialist Expands Across Asia with New Ammunition Production Line in Indonesia
The EDGE Group from the United Arab Emirates has announced a USD 27 million deal to provide Indonesian state-owned enterprise PT Pindad with an ammunition production line. ...
CIMIC’s Leighton Asia Will Secures Contract to Reconstruct the Choa Chu Kang Waterworks
CIMIC Group subsidiary Leighton Asia has secured a contract from PUB, Singapore’s National Water Agency, for the reconstruction of Choa Chu Kang Waterworks. The project ...
Vietnam’s VNG Subsidiary Becomes the Latest Partner of Nvidia in Southeast Asia
Vietnamese gaming and messaging unicorn VNG has partnered with Nvidia, enhancing the U.S. chipmaker’s connections in Asia just months after CEO Jensen Huang’s ...
Liverpool FC Expands Global Presence with New Official Retail Partnership in Indonesia
Liverpool FC is expanding its presence in Asia through a new retail partnership in Indonesia. This collaboration with PT Kanmo Weston Retailindo, a joint venture between ...
AstraZeneca to Open a USD 1.5 Billion Cancer Drug Manufacturing Plant in Singapore
Pharmaceutical giant AstraZeneca is set to open a USD 1.5 billion cancer drug manufacturing plant in Singapore, as part of its global expansion strategy.
The new factory ...
American Solar Company SEG Solar Announces 5GW Manufacturing Plant in Indonesia
SEG Solar, a prominent American solar manufacturer, has secured a land utilization agreement to establish a state-of-the-art 5GW vertically integrated photovoltaic (PV) ...
New Subsea Cable Connecting Singapore and Indonesia’s Batam Island
Singtel and Indonesia’s Telin have partnered to establish a new submarine cable system connecting Singapore and Batam Island in Indonesia. The two Southeast Asian ...
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