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
Malaysia to Create Two Aerospace Institutions over the Next Decade
Malaysia is planning to build at least two aerospace and aviation institutions in the next decade as the government seeks to fill the demand for talent from the fast-growing ...
Lao-Thailand-Malaysia Project Enhances ASEAN Cross-Border Power Trade
Three ASEAN countries, namely Lao People Democratic Republic (PDR), Thailand and Malaysia (LTM) confirmed an increase in the maximum committed Energy capacity trading of the ...
JCorp’s Subsidiary to Spend MYR 20 Billion on Digital Healthcare Solution
NewWave Health Sdn Bhd (NHSB), a joint venture company between state-owned Johor Corporation’s (JCorp) subsidiary, N2W Corporation Sdn Bhd (NCSB) and UK-based Smartmed Global ...
Connell Acquires Inno-Cosmic and Nation Maple in Malaysia
Connell, a US-headquartered leading marketer and distributor of specialty chemicals recently bought Inno-Cosmic Sdn Bhd and Nation Maple, two distributors of instant beverage ...
World Bank Invests USD 150 Million for Geothermal in Indonesia
The World Bank’s Board of Executive Directors has approved a USD 150 million loan for Indonesia to scale up investments in geothermal Energy by reducing the risks of ...
KF-X Fighter Prototype from Joint Korean-Indonesian Program to be Unveiled in 2021
Korean Aerospace Industries (KAI) is planning to roll out the first Korean Fighter eXperimental/ Indonesian Fighter eXperimental (KF-X) fighter aircraft prototype by the ...
Indonesia-UAE to Establish Sovereign Wealth Fund
Indonesia and the United Arab Emirates (UAE) are set to establish a sovereign wealth fund (SWF) that can be used for Infrastructure development. This also includes the ...
Indonesian Ride Hailing Unicorn Gojek Launches Video Streaming Platform
Gojek, an Indonesian ride-hailing and payments firm, has launched a video streaming service called GoPlay featuring original movies and TV shows. Subscriptions for GoPlay ...
Indonesian Digital Sales and Marketing Company Raises USD 3 Million
Pomona, an Indonesian provider of marketing and digital sales solutions for the packaged consumer goods and fast-moving consumer goods sector, has successfully closed a USD 3 ...
EU Provides USD 16 Million Grant to Indonesia to Improve Trade
The European Union (EU) has granted Indonesia USD 16.37 million (IDR 232 billion) through a four-year program called ARISE+. The program aims to boost the country’s export ...
Black & Veatch to Develop Alumina Refinery in Indonesia
PT Borneo Alumina Indonesia (PT BAI) has appointed a Black & Veatch-led project management consortium (PMC) to develop an alumina refinery in West Kalimantan. The ...
AEPW and Project STOP to Develop Circular Waste Management Systems in Indonesia
The Alliance to End Plastic Waste (AEPW) has entered a partnership with Project STOP to further scale up the development of more sustainable and circular waste management ...
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