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 Allocates USD 9.3 Billion for 2022 Defense Budget
The Indonesian government has revealed a 2022 defense budget of IDR 134.1 trillion (USD 9.3 billion). According to the Ministry of Finance, the number reflects a 12% increase ...
Warung Pintar Pushes for Digitization of Distribution Systems in the Traditional Grocery Sector
Warung Pintar, an Indonesian startup helping digitize the country’s vendors, has announced a collaboration with Coca-Cola Europacific Partners Indonesia (CCEP Indonesia) to ...
Signs of Retail Recovery in the Philippines
Swedish furniture maker has announced that IKEA Philippines will open its outlet in the Philippines in the 4th quarter of 2021. It was originally planned to open in 2020 but ...
Thailand Developing 5G Powered Health Information System
Thailand is developing a 5G-powered intelligent medical information system in cooperation with five organizations including Mahidol University's Faculty of Engineering, the ...
Tessa Therapeutics and A*STAR’s Collaborate to Form Cell Therapy Laboratory
Tessa Therapeutics Ltd. (Tessa), a clinical-stage cell therapy company developing next-generation cancer treatments for hematological malignancies and solid tumors, is ...
TE Asia Invests USD 50 million in Indonesian Health Projects
TE Asia Healthcare Partners, a healthcare group backed by US private equity firm TPG Capital, and Altrui Investment Management are investing USD 50 million in two medical ...
South Korea’s SK Group to Invest in Vietnam’s Largest Pharmacy Chain
SK Group, one of South Korea's largest conglomerates, has been reported to be planning an investment in Vietnam’s largest pharmacy retail chain, Pharmacity, with an expected ...
SNC-Lavalin to Deliver High-Tech Manufacturing Facility in Malaysia
SNC-Lavalin Group Inc., a fully integrated professional services and project management company headquartered in Canada, has been commissioned by US-based firm DexCom Inc., a ...
Review of Singapore’s Long-Term Land Use Needs
Singapore's Urban Redevelopment Authority (URA) has launched a year-long public engagement exercise for the Long-Term Plan Review (LTPR), as part of efforts to involve ...
Indonesia Aims for Over 5,000 km of Toll Roads by 2024
Indonesia's Ministry of Public Works and Public Housing (PUPR) has set a target of extending the length of Indonesia's toll roads to 5,103 kilometers from 2,386 km by ...
Ericsson Malaysia Appointed to Build 5G Infrastructure
Digital Nasional Bhd (DNB), the government-owned special purpose vehicle (SPV) that is undertaking the deployment of the 5G infrastructure and network nationwide, announced ...
Construction of Long Thanh Airport to Be Completed by March 2025
The Minister of Transport of Vietnam has set March 2025 as the deadline for the first phase of the Long Thanh International Airport project. As a result, the pilot operation ...
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