ASEAN BUSINESS NEWS

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

PT PJBI and Masdar Agree on Indonesia’s First Floating PV Project

PT PJBI and Masdar Agree on Indonesia’s First Floating PV Project

PT PJBI, a subsidiary of Indonesia’s state electricity company PT PLN (Persero) and Masdar, one of the world’s leading renewable energy companies, have established a joint ...
Major Milestones of Solar Energy Market in Malaysia

Major Milestones of Solar Energy Market in Malaysia

Malaysia is achieving key milestones in developing the solar energy market. Malaysian Energy and Natural Resources Ministry (KeTSA) has introduced its new Net Energy Metering ...
UK and Vietnam Conclude UK – Vietnam Free Trade Agreement (UKVFTA)

UK and Vietnam Conclude UK – Vietnam Free Trade Agreement (UKVFTA)

In December 2020, the UK and Vietnam officially signed the UK Vietnam Free Trade Agreement (UKVFTA). Under the UKVFTA, the UK will first eliminate 65% of tariffs, moving up ...
Sarawak, Sabah Received the Highest Investment in Manufacturing Sector

Sarawak, Sabah Received the Highest Investment in Manufacturing Sector

According to the UOB Global Economics and Markets Research, the state of Sarawak in East Malaysia has attracted the highest investments of MYR 15.8 billion (USD 3.9 billion) ...
Indonesia Signs Trade Agreement with South Korea

Indonesia Signs Trade Agreement with South Korea

Indonesia is expected to see positive economic growth in 2021, after undergoing its first recession in two decades in the third quarter of 2020 due to the COVID-19 pandemic. ...
Companies Invest in Thailand’s Bio-Circular-Green Economy

Companies Invest in Thailand’s Bio-Circular-Green Economy

According to the data collected by the Thailand Board of Investment (BOI), within the first nine months of 2020, local and international companies invested 1.7 billion USD in ...
Vietnam Starts Building New Airport for Ho Chi Minh City

Vietnam Starts Building New Airport for Ho Chi Minh City

On 6 January 2021, Vietnamese Prime Minister Nguyen Xuan Phuc presided over Long Thanh International Airport's groundbreaking ceremony. Located about an hour and a half from ...
South Africa’s ExecuJet MRO Services Plans for Expansion in Malaysia

South Africa’s ExecuJet MRO Services Plans for Expansion in Malaysia

ExecuJet MRO Services, an international aviation services provider based in Johannesburg, has announced its latest expansion plan at its Subang Airport facility to cater to ...
Bangkok-based mu Space Building Spaceship in 2021

Bangkok-based mu Space Building Spaceship in 2021

Thai startup and space technology company mu Space recently conducted the soft opening of its spaceship factory – the first in Thailand – a prototype that will form the basis ...
Additional Support for Covid-19 Affected Aviation Sector

Additional Support for Covid-19 Affected Aviation Sector

With passenger traffic down 98% year-on-year in November, the aviation sector is not expected to recover anytime soon. In late December 2020, the Singapore Government stated ...
Japanese Cosmetics Company Launches First Store in Ho Chi Minh City

Japanese Cosmetics Company Launches First Store in Ho Chi Minh City

Japanese cosmetics and drugs retailer Matsumoto Kiyoshi recently opened its first store in downtown Ho Chi Minh City, covering 274 square meters and featuring over 6,000 ...
New Trends Gain Traction among Thai Food Producers

New Trends Gain Traction among Thai Food Producers

Consumers in South East Asia have become more concerned with maintaining healthy lifestyles and with food safety, and are seeking alternatives to traditional foods, a trend ...

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