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
Malaysia to Reduce Use of HFC Fridge and Air-Con Gas by 80% by 2045
Malaysia joined other 110 countries to ratify the UN agreement to eliminate the use of hydrofluorocarbon (HFC) refrigerant, liquid or gas used for refrigeration and air ...
New Regulations for Renewable Energy in Indonesia
The Indonesian government is preparing a new regulation on renewable energy pricing to encourage more investment in renewables. According to official statistics, Indonesia ...
US Energy Companies Sign LNG-to-Power Projects in Vietnam
Virginia-based AES Corp and PetroVietnam Gas have signed a joint venture agreement to develop a USD 2.8 billion liquefied natural gas (LNG) import terminal and a power plant. ...
Energy Efficiency Services to Invest in E-Mobility Company SWAG EV
Energy Efficiency Services Limited (EESL), one of the largest energy service companies, has announced that it will invest in Supreme Wagon Automotive Group Electric Vehicle ...
Singapore Boosts Ties with Malaysia and Hong Kong Energy Sectors
The Energy Market Authority (EMA), Singapore’s energy agency, has signed memorandums of understanding (MOUs) with its Malaysia and Hong Kong counterparts, Suruhanjaya Tenaga ...
Solar Philippines Forges Partnerships to Accelerate Solar Projects
The country’s largest solar energy provider Solar Philippines announced that it is planning to build more partnerships and accelerate the development of solar projects in the ...
Opensys (M) Collaborates with Solarvest, Seeks Potential Partners for its BuySolar Platform
OpenSys, a Malaysia-based leading solutions provider for financial services, telecommunications, and utilities has signed a collaborative agreement with EPCC specialist for ...
Indonesia Identifies 12 Geothermal Potential Areas in Sulawesi
The Indonesian Ministry of Energy and Mineral Resources (ESDM) has identified 12 geothermal potential areas in West Sulawesi. Currently, there are no geothermal working areas ...
Vietnam and the US Sign Major Deals in Food, Energy, and Fuel Sectors
The Vietnam Trade Alliance, a group of buyers and producers from the country, recently signed a pact to buy up to USD 500 million worth of American pork over three years from ...
Thailand Relaxes Requirements for Tourists
In October 2020, Thailand opened its borders to tourists who applied for special tourist visas (STVs), which required applicants from low-risk countries to fulfil certain ...
Singapore Adds USD 74 Billion Financial Stimulus to 2021 Budget
With Singapore’s trade-reliant economy expected to continue facing uncertainty in 2021, the Singapore government is looking to add an additional SGD 100 billion ...
Gradual Reopening Alongside Strict Health Protocols Underpins Economic Improvement
The Philippines’ premier economic advisory agency, the National Economic and Development Authority (NEDA), noted that the improvement in the country’s trade performance in ...
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