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
Tesla Plans to Invest in a New Battery Factory in Indonesia
In August 2023, a high-ranking Indonesian official revealed that Tesla, the American electric vehicle (EV) maker, intends to invest in battery material production within ...
Indonesia’s New Capital Project Set to Receive USD 2.7 Billion Funding in 2024
As part of its 2024 budget, Indonesia has committed IDR 40.6 trillion, which amounts to USD 2.7 billion, for the development of its new capital city. According to government ...
Telkomsel and Ericsson Bolster Ties to Broaden 4G/5G Network Coverage in Indonesia
Indonesian telecommunications company Telkomsel and Ericsson have recently renewed their partnership to expand and fortify their 4G/5G networks in Indonesia. Ericsson, known ...
Indonesia Considers Special Economic Zone Development to Boost Economic Prosperity
International trade and investment are essential to Indonesia's economy. It has been recently reported that the government has prioritized the establishment of special ...
Malaysian Firm My Myracle Invents Halal Plant-derived Postbiotics
My Myracle is the only postbiotics manufacturing company in Malaysia and Southeast Asia, focusing solely on plant-derived bacteria. Partnering with the University of Putra ...
The Malaysian Army Sets to Acquire 178 Mildef Tarantula 4×4 HMAV Armored Vehicles
Mildef International Technologies (Mildef), a Malaysian private defense company has sealed a deal to provide 178 T Tarantula 4x4 High Mobility Armoured Vehicles (HMAV) to the ...
Malaysia Records USD 28.3 million in FDI in The First Half Of 2023
The Ministry of Investment, Trade and Industry (MITI) announced that Malaysia has attracted a Foreign Direct Investment (FDI) of MYR 132.6 billion (USD 28.3 billion) in the ...
Malaysia To Leap into a Green Hydrogen Economy by 2027
Malaysia is poised to introduce its Hydrogen Economy and Technology Roadmap, strategically aiming to secure investments in green hydrogen production and position itself as a ...
Malaysian Palm Oil Board Collaborates with Petronas on Palm-Derived Sustainable Aviation Fuel
The Malaysian Palm Oil Board (MPOB) and Petronas, Malaysia's leading energy entity, have joined hands to assess the viability of repurposing used cooking oil and palm oil ...
LYC Healthcare and South Korean Firms Collaborate to Boost Postbiotics Market in Malaysia
Aqurate Ingredients Intl (M) Sdn Bhd, an LYC Healthcare Bhd arm that specializes in functional ingredients for the food & beverage, nutraceutical, pharmaceutical, and ...
Google Cloud Partners Malaysia Airports and Asia Mobiliti to Boost Digital Travel Services
Google Cloud is partnering with Malaysia Airports Holdings Bhd (MAHB) and Asia Mobiliti to cater to the growing need for sustainable, digital-first travel experiences in the ...
Sabah To Construct A USD 852 Million Hydroelectric Dam
The Sabah state government, under Chief Minister Datuk Seri Hajiji Noor, has announced the construction of a MYR 4 billion (USD 852 Million) hydroelectric dam in Ulu Padas, ...
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