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 to Introduce New Tax Reforms
The Indonesian government has approved new tax measures aimed to boost 2022 revenues. The move aims to capitalize on increased spending demands following the contractions ...
Indonesia Establishes New Genomics Research Center
Indonesia´s National Research and Innovation Agency (BRIN) has established a genomics facility at the Cibinong Science Center (CSC), in West Java, that will be used for ...
IHI, Petronas, TNB Collaborate on Ammonia Co-Firing Technology for a Carbon-Free Ammonia Supply Chain
IHI Corporation, a Japan-based heavy-industry manufacturer, has signed an agreement with Malaysia's state-owned energy firm Petronas and the largest electricity utility in ...
ICTSI, PLDT Build 5G-Enabled ‘Intelligent’ Port
International Container Terminal Services Inc. (ICTSI) has partnered with PLDT Inc. and Smart Communications Inc. to build and operate the first 5G enabled intelligent port ...
H&R GmbH Renews Commitment in Malaysia with Additional Investment of USD 48 Million
German company Hansen & Rosenthal (H&R) Group has announced that it will invest MYR 200 million (USD 48 million) in a specialty manufacturing plant in Lumut, Perak. ...
Household Spending to Recover in 2022
Household consumption in the Philippines could see sustained improvement in the near term amid slowing daily COVID-19 infection rates, analysts said. A more sustained ...
Malaysian Government to Accelerate Development of Electric Vehicle Technology
Malaysia's Ministry of Science, Technology, and Innovation (MOSTI) has launched The NanoMalaysia Energy Storage Technologies Initiative (NESTI) Program to support the ...
Freeport Indonesia to Build Copper Smelter Complex
Freeport Indonesia, a joint venture between US-based Freeport-McMoRan and the Indonesian government, has begun to construct copper smelter and precious metal refinery in ...
Export Value for Agricommodity Sector to Hit USD 36.55 Billion
Malaysia’s export value of its agricommodity sector in 2021 is expected to hit MYR 204 billion (USD 49.06 billion), a significant increase from MYR 152 billion (USD 36.55 ...
New Collaborations to Accelerate the Development of Malaysia’s EV Charging Infrastructure
Yinson Green Technologies (M) Sdn Bhd has signed a term sheet with GreenTech Malaysia Alliances Sdn Bhd (GTMA), a subsidiary of the Malaysian Green Technology and Climate ...
Digital Payments in Thailand Quadruple from Pre-Pandemic Levels
In October 2021, the Central Bank of Thailand revealed that digital payments in the country have quadrupled from pre-pandemic levels.
The number of daily transactions made ...
DHL Express, Pen Aviation Collaborate to Pursue Cargo Drone Delivery
DHL Express, the leading international courier firm, and Pen Aviation, a Malaysia-based aviation solutions provider, have embarked on a partnership to commercialize ...
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