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

US Company to Receive ADB’s Grant for Ocean-Based Barramundi and Seaweed Aquaculture in Vietnam

Aug 2023 Vietnam, Agrifood

The Asian Development Bank (ADB) and Australis Holdings, Inc. (Australis) have inked a USD 15 million convertible note to support climate-resilient, ocean-based barramundi ...

Malaysia and Philippines Announce Collaborative Agricultural Initiative for Key Commodities

Aug 2023 Malaysia, Agrifood

Malaysia and the Philippines have strengthened their ties through a memorandum of understanding (MOU) focusing on joint agricultural development. The MOU delves into ...

Indonesian Halal Beauty Market Registers Strong Growth

Aug 2023 Indonesia, Retail/FMCG

For a considerable time, European and American companies like L’Oreal and P&G held a strong grip on Indonesia’s beauty industry. However, in recent times, ...

LG Electronics Establishes First Global R&D Center in Indonesia

Aug 2023 Indonesia, Manufacturing

In July 2023, LG Electronics Inc., the South Korean household appliance giant, launched its inaugural international research and development (R&D) center in Indonesia. ...

DP World Set to Expand Container Terminal in Indonesia

Aug 2023 Indonesia, Infrastructure

DP World is gearing up to initiate activities at Indonesia’s Belawan New Container Terminal (BNCT) following the signing of an agreement with the Indonesia Investment ...

Indonesian and Vietnamese Companies Collaborate on Smart Cloud for AI Development

Aug 2023 Indonesia, ICT

Home Credit Indonesia, a tech-based financing firm, has commenced a collaborated with FPT Smart Cloud, a Vietnamese artificial intelligence (AI) solutions and cloud services ...

Smart Fertility Clinic’s Growth Continues with New Jakarta Branch Opening

Aug 2023 Indonesia, Healthcare

In July 2023, Smart Fertility Clinic inaugurated a new branch at Primaya Evasari Hospital in Central Jakarta. This marks the third branch of the expansion, following Primaya ...

German Company Builds New PET Recycling Factory in Indonesia

Aug 2023 Indonesia, Environment

Alba Group, the Germany-based materials, recycling, and environmental services company, is investing around EUR 55 million (USD 60 million) in developing a new PET waste ...

US Company Partners with Indonesian Counterpart for Geothermal Projects

Aug 2023 Indonesia, Energy

GreenFire Energy Inc., a geothermal energy development company based in the US, and PT Medco Power Indonesia have inked an agreement to collaborate on future geothermal ...

UK’s Development Finance Institution to Foster Green Investments in Indonesia

Aug 2023 Indonesia, Economy, Environment

The Indonesia Investment Authority (INA), Indonesia’s sovereign wealth fund, and British International Investment (BII), the UK’s development finance institution ...

Indonesia Encourages Joint Production of Defense Equipment with France

Aug 2023 Indonesia, Defense/Aerospace

Indonesia is working to expand defense cooperation with France to include not just military equipment sales but also knowledge transfer, cooperative development, and joint ...

Israel’s Food Tech Eyes Opportunities in ASEAN’s Muslim Countries

Aug 2023 Indonesia, Agrifood

Israel’s food technology businesses are exploring new opportunities in majority-Muslim markets. In particular, food producers in the Jewish state are preparing ...

LKL International Expands Medical Devices Portfolio with Partners from Germany and Japan

Jul 2023 Malaysia, Healthcare

A distributorship agreement (DA) has been concluded between LKL International Bhd (LIB), a Malaysian medical products manufacturer and two foreign medical devices suppliers, ...

Alibaba Encourages Malaysian Firms to Adopt AI-based Sustainability Tools

Jul 2023 Malaysia, Environment

Alibaba Group’s digital technology and intelligence arm, Alibaba Cloud has announced plans to collaborate with more Malaysian companies across a range of sectors to ...

Malaysia Expects an Increase in FDI from Central and Eastern Europe Countries (CEE)

Jul 2023 Malaysia, Economy

Rothman and Roman, a Europe-based international strategic communications company has revealed that Malaysia is among countries in the region to see increase in foreign direct ...

Malaysia’s National Carrier Completes Implementation of Sabre Solutions

Jul 2023 Malaysia, Defense/Aerospace

Malaysia Airlines (MAS), the country’s national carrier has successfully implemented the full line of Sabre Network Planning and Optimization’s solutions, marking ...

Malaysia Allows First Import of Halal South Korean Hanwoo Beef

Jul 2023 Malaysia, Agrifood

Malaysia has permitted the import hanwoo beef from South Korea starting June 2023. This marks the first international export market for halal-certified Korean beef and the ...

Canada to Open its Indo-Pacific Agricultural Office in the Philippines

Jul 2023 Philippines, Agrifood

The Canadian government has announced its decision to open an Indo-Pacific Agriculture and Agri-Food office in Manila, highlighting the important role the Philippines plays ...

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