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
ESG-Themed Funds Gaining Popularity in Malaysia
The development of environment, social, and governance (ESG) investments in Malaysia is still considered to be at an early stage. However, ESG-themed funds are starting to ...
Wärtsilä Finalizes Commissioning of First Two Energy Storage Projects in the Philippines
The technology group Wärtsilä has signed multiple energy storage contracts with SMC Global Power Holdings Inc. through its subsidiary, Universal Power Solutions Inc, in the ...
Vietnam and Denmark Join Forces for the Construction of an Offshore Wind Farm
In May 2021, the La Gan Wind Power Development Corporation agreed to collaborate with Vietnam’s Northern Center for Planning and Investigation of Marine Resources and ...
Petronas Appoints Ria Solutions To Enhance Fire Water System on its Floating LNG Facility
Malaysia’s Fortune 500 oil and gas firm Petronas has selected Ria Solutions (M) Sdn Bhd, a distributor for Norwegian-based Vipo to supply 1,400 m of its Elastopipe™ flexible ...
Indonesia to Receive USD 836 Million for Green Energy Projects, Considers Nuclear Plant
In June 2021, the Indonesian Minister of Environment and Forestry confirmed that the country is committed to reducing greenhouse gas emissions by 41% by 2030, equivalent to ...
Foreign Players Target Clean Energy Investments in Thailand
In May 2021, it was revealed that five Japanese companies, among which Toyota, expressed interest in investing in renewable energy businesses at Smart Park industrial estate ...
Vietnam to Allocate Over USD 120 Billion in Public Investment Projects
In May 2021, it was reported that public investment projects in Vietnam up to 2025 will be funded with an estimated budget of over USD 120 billion. This expected budget ...
Thailand’s Exports Rise by 13% as the Economy Recovers
The Thai economy is on track to recover from the adverse effects of the Covid-19 pandemic, as illustrated by the recent announcement that the South East Asian´s exports rose ...
Singapore’s 2021 Economic Growth Could Exceed Forecast of 4% to 6%
According to the latest report by the Monetary Authority of Singapore (MAS), the recent tightening of domestic restrictions and border controls will cause a near-term setback ...
Shopee Malaysia’s Various Partnerships Generate USD 240 Million in Sales
Malaysia’s largest online shopping platform, Shopee, has announced MYR 1 billion (USD 240 million) in sales in the country since the first movement control order (MCO) that ...
Megaworld Corporation Readies Philippines’ Largest Real Estate Investment Trust (REIT) Listing
Megaworld Corp plans to raise PHP 27.3 billion (USD 567 million) from its Initial Public Offering (IPO) of MREIT, Inc., its real estate investment trust (REIT), by selling 49 ...
Indonesia’s Newest Economic Zone Seeks USD 17 Billion Investments
Indonesia’s newest special economic zone expects to attract about USD 17 billion in investments, now that it is open to foreign investors and comes with a series of tax ...
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