ASEAN BUSINESS NEWS

Business news to help you keep track of the latest developments and identify new opportunities across key sectors in Southeast Asia

 

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Philippines’ Energy Department Awards 928 Renewable Energy Projects

Philippines’ Energy Department Awards 928 Renewable Energy Projects

Following the suspension of granting new contracts for greenfield coal power projects in the country, the Department of Energy (DoE) has recently okayed 928 more renewable ...
Senate Approves Bill to Amend the Philippines’ Foreign Investment Law

Senate Approves Bill to Amend the Philippines’ Foreign Investment Law

In mid-September 2021, the Philippine Senate unanimously approved Senate Bill 1156, a new bill that will amend the country’s foreign investment law, the Foreign Investments ...
Philippine Government Inaugurates New Army Aviation Hangar

Philippine Government Inaugurates New Army Aviation Hangar

The Philippine government inaugurated the new PHP 63.1 million (USD 1.25 million) hangar facility at the Philippine Army's Aviation Regiment in Fort Ramon Magsaysay in ...
PHP 24 Million Shrimp Hatchery Launched in Mindoro

PHP 24 Million Shrimp Hatchery Launched in Mindoro

The Department of Agriculture (DA) led the inauguration of the Philippines’ first Department of Agriculture-Bureau of Fisheries and Aquatic Resources (DA-BFAR) Shrimp ...
Boxed and AEON Announce the Launch of myAEON2go Software and Services Technology in Malaysia

Boxed and AEON Announce the Launch of myAEON2go Software and Services Technology in Malaysia

Boxed, an e-commerce grocery provider based in New York has inked a partnership with AEON Co, one of the largest hypermarket retailers in Asia to launch an end-to-end ...
Lam Research Opens Largest Manufacturing Facility in Penang

Lam Research Opens Largest Manufacturing Facility in Penang

Lam Research Corporation, an American global supplier of innovative wafer fabrication equipment and services to the semiconductor industry, has launched its new facility in ...
Logistics, Transport Infrastructure to be Strengthened under 12MP

Logistics, Transport Infrastructure to be Strengthened under 12MP

The Economic Planning Unit of Malaysia has released the 12th Malaysia Plan (2021-2025), which aims to boost national productivity, facilitate economic growth, and enhance ...
Tata Communications, TM to Collaborate on ASEAN IP Transit Services

Tata Communications, TM to Collaborate on ASEAN IP Transit Services

Indian telco giant, Tata Communications has agreed to work with Telekom Malaysia (TM) to utilize its data center, connection, and network infrastructure to expand the IP ...
K-One Technology to Produce NASA-approved Ventilators

K-One Technology to Produce NASA-approved Ventilators

Owing to the growing need for ventilators throughout the world to manage the COVID-19, K-One MediTech Sdn Bhd (KOM), the wholly-owned subsidiary of K-One Technology Bhd ...
Malaysia to Become Low Carbon Nation, Transition to Circular Economy by 2025

Malaysia to Become Low Carbon Nation, Transition to Circular Economy by 2025

The 12th Malaysia Plan (12MP) has unveiled that Malaysia will pursue a low-carbon, clean and resilient development strategy to achieve sustained socio-economic growth. The ...
PETRONAS and ENEOS Expand Energy Partnership To Develop Hydrogen Supply Chain

PETRONAS and ENEOS Expand Energy Partnership To Develop Hydrogen Supply Chain

PETRONAS, Malaysia’s state-owned energy firm via its subsidiary, PETRONAS Gas & New Energy Sdn Bhd (PGNESB) has signed a Memorandum of Understanding (MoU) with Japanese ...
Malaysian Government Announces The Biggest Five-Year Development Plan with MYR 400 Billion Budget

Malaysian Government Announces The Biggest Five-Year Development Plan with MYR 400 Billion Budget

Prime Minister Ismail Sabri Yaakob has presented the 12th Malaysia Plan (12MP), the nation’s five-year development framework between 2021-2025. The 12MP is largest five-year ...

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