ASEAN 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

Indonesia’s Booming Food Market on the Radar of Australian Exporters

Indonesia’s Booming Food Market on the Radar of Australian Exporters

Food demand in Indonesia is to quadruple within the next thirty years. According to the Australian Bureau of Agricultural and Resource Economics (ABARES), this fast-paced ...
Scottish Company Secures Funding for Exploring Tidal Turbine Farm in Indonesia

Scottish Company Secures Funding for Exploring Tidal Turbine Farm in Indonesia

Innovate UK, the UK’s innovation agency, recently awarded Scottish firm Nova Innovation GBP 200,000 (USD 273,000) of investment funds to evaluate the feasibility of ...
UAE Investing Over USD 32 Billion in Indonesia

UAE Investing Over USD 32 Billion in Indonesia

It has recently been disclosed that the United Arab Emirates (UAE) is investing USD 32.7 billion in Indonesia across different sectors, including for Covid-19 vaccine ...
Yili Group Builds Largest Ice Cream Factory in Indonesia

Yili Group Builds Largest Ice Cream Factory in Indonesia

PT Yili Indonesia Dairy, a subsidiary of the Yili Group, has just completed its new smart ice cream factory at the Greenland International Industrial Center, Bekasi, West ...
Volta to Manufacture 5,000 E-motorcycles Per Month

Volta to Manufacture 5,000 E-motorcycles Per Month

PT Volta Indonesia Semesta, a joint venture subsidiary of PT NFC Indonesia Tbk and PT SiCepat Ekspres Indonesia, has recently announced plans to produce 60,000 electric ...
Toshiba Boosts Philippines’ Electronics Sector, Manufacturing Returns to Growth

Toshiba Boosts Philippines’ Electronics Sector, Manufacturing Returns to Growth

The Philippines' manufacturing industry expanded in December 2021 and recorded its highest growth rate in 9 months, according to a monthly survey conducted by IHS Markit. The ...
Philippines to Bid Out 3 ADB Funded Bridges in Marikina City

Philippines to Bid Out 3 ADB Funded Bridges in Marikina City

The Department of Public Works and Highways (DPWH) of the Philippines announced that construction of three new bridges crossing Marikina River will commence by the second ...
NEDA Prepares Master Plans for Smart City Adoption in Emerging Megacities

NEDA Prepares Master Plans for Smart City Adoption in Emerging Megacities

The National Economic and Development Authority (NEDA) is preparing 13 sector-wide master plans in identified urban areas nationwide to help these urban corridors adopt smart ...
Philippines Receives USD 600 Million Loan from ADB for its Universal Health Care Program

Philippines Receives USD 600 Million Loan from ADB for its Universal Health Care Program

The Asian Development Bank (ADB) has approved a USD 600 million policy-based loan to help the Philippines provide quality and equitable health services for all Filipinos as ...
Philippines Approves USD 97.9 Billion National Budget for 2022

Philippines Approves USD 97.9 Billion National Budget for 2022

President Rodrigo R. Duterte has signed into law the PHP 5.024 trillion (USD 97.9 billion) national budget for 2022, which will be used for the country’s COVID-19 pandemic ...
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 ...
Indonesia Boosts Development of Seaports

Indonesia Boosts Development of Seaports

The Government of Indonesia has initiated and executed many projects related to infrastructure development infrastructure projects over the last six years, including the ...

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