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 Receives FDA Clearance for Augmented Reality Surgical Navigation in Indonesia
US company Novarad has received approval from Indonesia’s Food and Drug Administration (FDA) for its VisAR surgical navigation system. Novarad's VisAR uses augmented reality ...
US Provides USD 1 Million Grant for Wind Power Plant in Indonesia as Part of the Just Energy Transition Partnership
The US Trade and Development Agency has just awarded a grant to PT Medco Power Indonesia (Medco) for a feasibility study to help develop an estimated 111-megawatt wind power ...
Consortium of Danish Companies to Provide Nuclear Power and other Technologies to Produce Fertilizer in Indonesia
Four Danish companies, Topsoe, Alfa Laval, Copenhagen Atomics and Aalborg CSP, have entered into a Memorandum of Understanding (MoU) with Indonesian ammonia producer Pupuk ...
Indonesia’s Textile Sector to Invest in Modern and Sustainable Solutions
It has been reported that the Indonesian textile industry will produce 3.9 million tonnes of textile waste in 2030. With 92 million tonnes of textile waste generated yearly, ...
Indonesia and Malaysia Partner for Advancing Aerospace Industry
Indonesia and Malaysia have signed two memoranda of understanding (MoUs) in the defense sector, between state-run aircraft manufacturer PT Dirgantara Indonesia (PTDI) and ...
USAID Launches USD 8.2 Million Coffee and Cacao Agroforestry Project in Indonesia
The United States Agency for International Development (USAID) has launched a project to promote sustainable cocoa and coffee production in Indonesia in partnership with Olam ...
Siam Makro Group Implements Oracle Solutions
Siam Makro group, operator of Thailand’s number one wholesaler Makro, and leading retailer Lotus’s, has announced its collaboration with Oracle to drive digital ...
New Renewable Energy Initiative in Thailand
Thailand's Energy Regulatory Commission (ERC) has chosen 175 companies to participate in the initial stage of its renewable energy initiative. The program has garnered ...
VinES and Li-Cycle Form Long-Term Battery Recycling Partnership
VinES Energy Solutions (VinES), an industry leader in lithium-ion battery resource recovery, and Li-Cycle Holdings Corp. (Li-Cycle), the leading lithium-ion battery recycler ...
Vietnam Unveils Its National Master Plan for 2021-2030.
On April 20, Vietnam’s National Master Plan for 2021-2030, with a vision to 2050, was made public in Hanoi.
By 2030, Viet Nam aims to be an upper middle-income country ...
Vietnam to Seek More Private Investment to Construct New Seaports
In April 2023, a 24,000-TEU cargo ship M/V OOCL from Spain, on its first voyage connecting Asia and Europe, arrived at Gemalink Deepwater Seaport in the southern province of ...
Vietnam Remains An Attractive Destination for Investment From Japanese Retailers
In the first two months of 2023, Vietnam attracted a total foreign direct investment (FDI) of USD 146 million, with a large amount coming from Japanese manufacturers and ...
Vietnam Procuring More Czech Advanced Trainer Aircrafts
A military procurement agreement is reportedly being negotiated between Vietnam and the Czech Republic that would include more L-39NG advanced trainer aircraft, along with ...
Vietnam Looking for First LNG Shipment to Commission Import Terminal
PetroVietnam Gas has announced a tender to purchase Vietnam's first shipment of liquefied natural gas (LNG), marking an important step on the Southeast Asian country's path ...
US Building Materials Specialist Opens Manufacturing Plant in Thailand
HYDRO-BLOK, an American manufacturer of foam-based waterproofing shower systems and building panels, has announced the opening of its new factory in Bangkok, Thailand, to ...
The US to Ramp Up the Philippines’ Military Capabilities
The US has agreed to ramp up the Philippines’ military capabilities over the next five to ten years as part of a “security sector assistance roadmap” that will see the ...
PLDT Forges a Partnership with Toyota for Smart Cars in the Philippines
The Philippines' largest automotive company Toyota Motor Philippines (TMP), and the country’s largest fully integrated telco PLDT recently announced a partnership that will ...
Thailand’s PPT Group to Invest USD 7 Billion in Green Hydrogen Production
Thailand’s state-owned oil and gas company PTT Group has just announced plans to invest USD 7 billion in green hydrogen production. This will be done in partnership with ...
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