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
First Philippine Holdings Allots Capex for Clean and Renewable Energy Projects
First Philippine Holdings Corp. earmarked PHP 51 billion (USD 953.2 million) of its capital expenditures mainly to fund the expansion of its power generation and property ...
Malaysia to Lead World’s First Algae Biotech Consortium for Sustainable Future
Malaysia is slated to establish the world's first algal biotechnology consortium (ABC), which will serve as a critical component of a sustainable planet and a vital ...
Angkasa-X to Create Space Technology Ecosystem and Launch Satellites in 2023
An MYR 30 million (USD 6.8 million) earth station and space technology center is being built at the Universiti Sains Malaysia (USM) Engineering Campus in Penang state by ...
Malaysia to Lessen Palm Oil Export Tax to 4- 6% to Boost Market Share
Malaysia’s Plantation Industries and Commodities Ministry announced a measure to reduce the palm oil export tax from 8% to between 4-6% to alleviate the global shortage of ...
Reservoir Link, AAH to Form JV Company For Energy Storage Solutions
Malaysia’s energy-related services provider, Reservoir Link Energy Bhd and investment company, ADS Asset Holdings Sdn Bhd (AAH) are forming a joint venture and shareholder ...
Malaysia Promotes Circular Bio-economy As An Investment Target
Malaysian Investment Development Authority (MIDA), the government's principal investment promotion agency, emphasized that Malaysia should tap into the circular bio-economy ...
Indonesia’s Economy Retained its Solid Growth Trend in Q1 of the Year
Official figures show that a historic spike in commodities prices and the easing of Covid-19 limits helped Indonesia's economy grow for the fourth consecutive quarter between ...
Vietnam’s Meat Industry to Attract French Companies
According to the French consul general in Ho Chi Minh City, several French meat producers have been seeking to expand business in Vietnam since the EU-Vietnam Free Trade ...
KPower’s Granulab Launches Halal-Certified Synthetic Bone Cement Prosteomax
KPower Bhd, Malaysia’s utility and renewable energy company, has launched the country’s first halal-certified synthetic bone cement, Prosteomax, through its subsidiary ...
KPower Healthcare Plans to Acquire 11 International Hospitals in Indonesia
KPower Healthcare chief executive officer Muhamad Badzli Abu Bakar said the company hopes to conclude the deal for three to five of the hospitals this year. KPower Healthcare ...
Lamipak officially kicked off the construction of its second factory in Indonesia
Lamipak, one of the industry leaders in providing high quality products and solutions in aseptic packaging, breaks ground on the construction of a new packaging factory in ...
Astro Indonesia Raised a USD 60 Million Investment to Improve Grocery Delivery
Indonesia's vast archipelago has long been a problem for logistics companies, but it has no shortage of brave challengers. Jakarta-based Astro, which provides 15-minute ...
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