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
Danang Ready for Investment in Semiconductor and Chip Design
SkyeChip, a Malaysia-based semiconductor leader, has received an investment certificate for a chip design project in Danang, marking a significant milestone for the city’s ...
Vietnam Plans to Upgrade Ports to Accommodate Larger Cargo Ships
The Vietnam Maritime Administration (VMA), under the Ministry of Transport, is preparing a proposal to enhance the operational capacity of public maritime infrastructure and ...
Vietnam Skoda’s USD 500 Million Car Plant Set to Open in 2025
Czech automaker Skoda is set to complete a USD 500 million car manufacturing plant in Vietnam by the first quarter of 2025. This development was confirmed during a meeting ...
Vietnam’s Textile and Footwear Exports Reach USD 44 Billion in 2024
The Vietnam Textile and Apparel Association reported that the textile and garment sector reached USD 44 billion in exports in 2024, reflecting an 11% year-on-year increase. ...
ExxonMobil Commits USD 15 Billion for Carbon Storage and Petrochemical Investment in Indonesia
ExxonMobil, a leading American oil company, has committed to investing up to USD 15 billion in carbon capture and storage (CCS) and a petrochemical refinery in Indonesia. The ...
South Korea’s GC Cell and Indonesia’s Bifarma Collaborate to Advance Cancer Immunotherapy
GC Cell, a prominent South Korean cell and gene therapy company, successfully hosted its inaugural thought leadership symposium in Jakarta, Indonesia. Organized in ...
Singapore-Based Data Center Provider Launches Fifth Facility in Indonesia
BDx Data Centers, one of Asia’s fastest-growing data center providers, has announced the opening of its fifth data center in Indonesia, reinforcing its expansion in the ...
UK and Indonesia Strengthen Partnership Through New Infrastructure Initiative
A newly announced UK-Indonesia sustainable infrastructure partnership is set to create opportunities for leading British engineering firms, including Arup, Mott MacDonald, ...
Apple to Establish AirTag Manufacturing Facility in Batam to Supply 65% of Global Demand
Indonesia’s Investment Minister announced that Apple plans to set up a manufacturing facility in Batam early in 2026 to produce its AirTag tracking devices. The ...
Liverpool FC Opens Second Official Retail Store in Indonesia
Liverpool FC has expanded its presence in Asia by launching its second official retail store in Indonesia. The new store in Surabaya was officially inaugurated by former Reds ...
Malaysian Energy Firm Yinson Raises USD 1 Billion
Yinson Holdings, a Malaysian energy infrastructure company, has secured a significant USD 1 billion funding round for its subsidiary, Yinson Production, which specializes in ...
Malaysia and Singapore Launch Groundbreaking Johor-Singapore Special Economic Zone
On January 7, 2025, Malaysia and Singapore finalized an agreement to establish the Johor-Singapore Special Economic Zone (JS-SEZ), a groundbreaking initiative aimed at ...
Malaysian Army Awards Hovercraft Contract to Local Firm IDC Technologies
IDC Technologies Sdn Bhd has been awarded a contract to supply six hovercraft fast interceptors to the Malaysian Army. The contract, valued at MYR 20.37 million ...
Debic Brings Premium Cream Cheese to Malaysia
Debic, a global leader in dairy solutions for professional chefs, has introduced its Cream Cheese to the Malaysian market, expanding the premium ingredient options for local ...
COP29: Singapore and Peru Agree on Article 6 Carbon Credits
Singapore’s Ministry of Trade and Industry (MTI) announced on November 2024 during the COP29 climate summit that it has successfully concluded negotiations on a bilateral ...
Robinhood to Debut in Asia in 2025, Headquartered in Singapore
Robinhood Markets Inc., a US-based brokerage firm is set to expand its operations into Asia, establishing Singapore as its regional base starting next year. This move follows ...
Biggest Local Train and Bus Depot Set to Open in 2026
Singapore’s Land Transport Authority (LTA) has opened a tender for the operation of 27 bus routes under the Tampines bus package, set to commence in July 2026. This ...
Sanofi Opens USD 800 million Manufacturing Facility in Singapore
Sanofi, a French pharmaceutical giant, has opened a new USD 800 million manufacturing facility named Modulus in Tuas Biomedical Park, Singapore. This 58,000 square meter ...
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