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
Malaysia Airlines Embarks on Fleet Expansion and Modernization in 2024
In 2024, Malaysia Aviation Group Bhd (MAG) is poised to introduce a total of 12 new aircraft, marking a significant expansion effort. This expansion marks the debut of four ...
Malaysia-Singapore Collaboration on Johor-Singapore Special Economic Zone (JS-SEZ)
Malaysia and Singapore have formalized a memorandum of understanding (MOU) to collaborate on the development of the Johor-Singapore Special Economic Zone (JS-SEZ). This ...
Malaysia’s Nuclear Agency and Alam Flora Partner for Plastic-to-Fuel Innovation
The Malaysian Nuclear Agency (MNA), a research nuclear technology facility under the Ministry of Science, Technology and Innovation, has joined hands with ALAM Flora ...
European Wellness Group’s Expansion into Sabah
A European-based wellness center is targeting Sabah as a strategic location for its expansion into the ASEAN market, particularly in the wellness and biopharmaceutical ...
UAE-Malaysia Digital Infrastructure Investment Partnership
UAE and Malaysia have inked a Memorandum of Understanding (MoU) aimed at bolstering investment cooperation in digital infrastructure. The agreement, signed by the Ministry of ...
Plans in Progress to Upgrade and Expand Sarawak Airports
The Sarawak Transport Ministry (MOTS) has initiated efforts to enhance aviation infrastructure in the region by submitting upgrade proposals for Kuching International Airport ...
Global Advanced Materials Firm Launches USD 177 Million Plant in Kedah, Malaysia
Ferrotec Holdings Corporation, a prominent global supplier of materials and precision system solutions based in Japan, has unveiled its latest manufacturing facility at Kulim ...
UK’s Molton Brown Opens Its First Flagship Store in Kuala Lumpur
Japanese cosmetics giant Kao is ramping up its global presence by opening the flagship store of the British luxury fragrance brand Molton Brown in Kuala Lumpur, Malaysia. ...
Malaysia Approves 22 Renewable Energy Projects to Foster Energy Transition
The Malaysian Ministry of Energy Transition and Public Utilities, through the Sustainable Energy Development Authority (Seda), has granted approval for the implementation of ...
Vietnam Emerges as Hub for Luxury Brands
Distributors of luxury brands in Vietnam, including Louis Vuitton, Chanel, Dior, and Hermes, reported profits of VND 3.8 trillion (USD 156.57 million) in 2022, marking a ...
German Tire Manufacturer to Enhance Production in Vietnam
German tire brand Schwalbe recently announced the decision to centralize all tire and tube manufacturing operations in Vietnam in response to the tense conditions in the ...
South Korea to Open Logistics Center in Vietnam, Boosting SMEs
The South Korean government recently announced the establishment of a corporate entity in Vietnam, named K-UPA, with the aim of establishing a logistics center in the ...
Vietnam Joins the Asian Race for Generative AI
Vietnam has entered the race in Asia to develop generative artificial intelligence (AI) programs tailored to local languages and cultures, aiming to reduce reliance on ...
Israel and Vietnam to Collaborate in 3D Printing for Healthcare
In January 2024, the 3D Technology in Medicine Center (3D Lab) of VinUniversity, a private university in Vietnam, signed a Memorandum of Understanding (MoU) with CustoMED – ...
Vietnam Sets Mandatory Recycling Rates for Environmental Protection
Manufacturers and importers of tires, inner tubes, batteries, motor oil, and paper and board packaging are now obligated to recycle a portion of these products under new ...
Vietnam to Invest in Gas-to-Power Plants to Reach Its Target by 2030
Currently, Vietnam lacks operational gas-to-power plants, but the country has plans to have four such facilities with a combined capacity of 6,634 MW operational by 2030.
In ...
Renewable Energy and Semiconductos Set to Be Key Focus on Vietnam-US Cooperation
A senior US official announced in January 2024 that fifteen American companies, including semiconductor firms, are interested in investing USD 8 billion in Vietnam’s ...
Boeing Suppliers Plan Increased Investment in Vietnam
According to local authorities, KP Aero, a South Korean aviation industry supplier producing components for Boeing aircraft, plans to invest USD 20 million in establishing a ...
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