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
Scottish Company Secures Funding for Exploring Tidal Turbine Farm in Indonesia
Innovate UK, the UK’s innovation agency, recently awarded Scottish firm Nova Innovation GBP 200,000 (USD 273,000) of investment funds to evaluate the feasibility of ...
UAE Investing Over USD 32 Billion in Indonesia
It has recently been disclosed that the United Arab Emirates (UAE) is investing USD 32.7 billion in Indonesia across different sectors, including for Covid-19 vaccine ...
Yili Group Builds Largest Ice Cream Factory in Indonesia
PT Yili Indonesia Dairy, a subsidiary of the Yili Group, has just completed its new smart ice cream factory at the Greenland International Industrial Center, Bekasi, West ...
Volta to Manufacture 5,000 E-motorcycles Per Month
PT Volta Indonesia Semesta, a joint venture subsidiary of PT NFC Indonesia Tbk and PT SiCepat Ekspres Indonesia, has recently announced plans to produce 60,000 electric ...
Toshiba Boosts Philippines’ Electronics Sector, Manufacturing Returns to Growth
The Philippines' manufacturing industry expanded in December 2021 and recorded its highest growth rate in 9 months, according to a monthly survey conducted by IHS Markit. The ...
Philippines to Bid Out 3 ADB Funded Bridges in Marikina City
The Department of Public Works and Highways (DPWH) of the Philippines announced that construction of three new bridges crossing Marikina River will commence by the second ...
NEDA Prepares Master Plans for Smart City Adoption in Emerging Megacities
The National Economic and Development Authority (NEDA) is preparing 13 sector-wide master plans in identified urban areas nationwide to help these urban corridors adopt smart ...
Philippines Receives USD 600 Million Loan from ADB for its Universal Health Care Program
The Asian Development Bank (ADB) has approved a USD 600 million policy-based loan to help the Philippines provide quality and equitable health services for all Filipinos as ...
Philippines Approves USD 97.9 Billion National Budget for 2022
President Rodrigo R. Duterte has signed into law the PHP 5.024 trillion (USD 97.9 billion) national budget for 2022, which will be used for the country’s COVID-19 pandemic ...
Philippines to Buy Two Warships From South Korean Shipbuilder
The Department of National Defense (DND) has signed a PHP 28 billion (USD 545.7 million) contract with South Korean shipbuilder Hyundai Heavy Industries (HHI) for the ...
Indonesia Boosts Development of Seaports
The Government of Indonesia has initiated and executed many projects related to infrastructure development infrastructure projects over the last six years, including the ...
Indonesia Joins Coal Transition Program, Biodisel Consumption to Reach over 10 Million Kiloliters in 2022
The four countries of India, Indonesia, the Philippines and South Africa, which account for 15% of global coal emissions, have recently joined a pilot program to accelerate ...
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