Thaigroup to Invest in Space Tourism in Vietnam

Thaigroup to Invest in Space Tourism in Vietnam

Thaigroup, through its subsidiary ThaiSpace, is seeking to invest VND 30 trillion (USD 1.3 billion) into a tourism spaceport project in Phu Quoc City in Kien Giang Province. ThaiSpace’s mission will be to conduct the first space voyage from Phu Quoc. The group...
NAICO to Accelerate Growth of Malaysia’s Aerospace Ecosystem

NAICO to Accelerate Growth of Malaysia’s Aerospace Ecosystem

Malaysian Ministry of International Trade and Industry (MITI) aims to generate MYR 30 billion (USD 7.16 billion) in annual revenue and 30,000 highly-skilled employment by 2025 through initiatives implemented under the Malaysian Aerospace Industry Blueprint (MAIB) 2030...
Indonesia to Get 50 New Warships by 2024

Indonesia to Get 50 New Warships by 2024

Indonesia has revealed that a portion of its planned $125 billion investment in defense will go to procuring up to 50 new warships over the next two years. Defense Minister Prabowo Subianto said that the Indonesian government is now focusing on increasing the...
Philippines to Buy Two Warships From South Korean Shipbuilder

Philippines to Buy Two Warships From South Korean Shipbuilder

The Department of National Defense (DND) has signed a PHP 28 billion (USD 545.7 million) contract with South Korean shipbuilder Hyundai Heavy Industries (HHI) for the acquisition of two brand-new corvettes for the Philippine Navy (PN), which are capable of conducting...
Indonesia Acquires More Than 70 Jets from France and the United States

Indonesian Primary Weaponry System to be Modernized in 2022

The Indonesian Ministry of Defense is focusing on acquisitions to modernize the Army’s defense equipment and improve the Army’s readiness for defending the country’s sovereignty. Defense Minister Prabowo has considered enhancing Indonesian external defense...