ASEAN BUSINESS NEWS

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Monthly Business News to Help You Understand the Market

Malaysian Central Bank Proposes to Issue up to 5 Digital Banking Licenses

Malaysian Central Bank Proposes to Issue up to 5 Digital Banking Licenses

Malaysia’s central bank, Bank Negara Malaysia (BNM) has proposed to issue up to five licenses to establish digital banks in either conventional or Islamic banking business in ...
Malaysia to Conduct Open Tender for Submarine Maintenance Contracts in 2021

Malaysia to Conduct Open Tender for Submarine Maintenance Contracts in 2021

Malaysian Defense Minister Mohamad Sabu has announced that the ministry will conduct an open tender for the maintenance contract of the Royal Malaysian Navy (RMN)’s ...
Malaysia Plans to Publish World’s First Halal Pharmacopeia in 2020

Malaysia Plans to Publish World’s First Halal Pharmacopeia in 2020

The University of Science Malaysia (USM) and Penang International Halal Hub (PIHH) Development Sdn Bhd (Halal Penang) has signed a memorandum of understanding (MoU) to launch ...
HSS Engineers Secures MYR 71.3 Million Contract in Johor state

HSS Engineers Secures MYR 71.3 Million Contract in Johor state

HSS Integrated Sdn Bhd (HSSI), a leading Malaysian Engineering Consultancy firm under HSS Engineers Bhd, has bagged MYR 71.3 million (USD 17.5 million) worth of contract to ...
Chinese E-Commerce Giant Taobao Opens its Largest Physical Store in Malaysia

Chinese E-Commerce Giant Taobao Opens its Largest Physical Store in Malaysia

Chinese e-commerce giant, Taobao, a part of the Alibaba Group, has launched its largest retail store named ‘Taobao’ in Kuala Lumpur, in partnership with MyTOWN Shopping ...
Malaysia to Work with Turkey on Armored Vehicle Production

Malaysia to Work with Turkey on Armored Vehicle Production

The Malaysian government through its Defense Minister Mohamad Sabu, announced that it will work with Turkey to produce eight-wheel armored combat vehicle to beef up its ...
Cypark and Petronas Chemicals Explore Waste-To-Energy Projects in Malaysia

Cypark and Petronas Chemicals Explore Waste-To-Energy Projects in Malaysia

Cypark Resources Bhd inked a Memorandum of Understanding (MoU) with Malaysia's leading chemical producer, Petronas Chemicals Group Bhd, regarding possible collaboration on ...
Ann Joo and Southern Steel Forming JV for Manufacturing Long Steel Products

Ann Joo and Southern Steel Forming JV for Manufacturing Long Steel Products

Established players in the Malaysian steel market Ann Joo Resources Bhd (AJRB) and Southern Steel Bhd (SSB) have signed a signed a memorandum of understanding (MoU) for the ...
Warburg Pincus Backed Venture Purchases Five Lippo Malls

Warburg Pincus Backed Venture Purchases Five Lippo Malls

Warburg Pincus LLC backed shopping mall developer, NWP Retail, will spend USD 123.5 million to purchase five Lippo shopping malls in Indonesia. Two shopping malls will be ...
Indonesia Opens up Airport Management Projects to Foreign Companies

Indonesia Opens up Airport Management Projects to Foreign Companies

Indonesia plans to offer more airport management projects in 2020, following its first award to a foreign company for the Labuan Bajo airport in Nusa Tenggara Timur, which ...
Indonesia Needs IDR 1,000 Trillion Investment to Reach 6% GDP Growth

Indonesia Needs IDR 1,000 Trillion Investment to Reach 6% GDP Growth

The Indonesia’s Investment Coordinating Board (BKPM) is looking for nearly IDR 1,000 trillion of investment to push the country's economic growth to 6%, as per the national ...
Indonesia Considering Setting Fixed Fees for E-Wallet Transactions

Indonesia Considering Setting Fixed Fees for E-Wallet Transactions

Indonesia is mulling setting fixed fees on some e-wallet transactions at 0.7%. This step could have a significant impact on the rapidly growing digital payments sector in ...

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