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
PH Internet Speeds Continue to Improve
The Philippines’ broadband and mobile internet speed have continued to improve as of April 2021 as shown in the Speedtest Global Index by Ookla, according to a statement ...
Gojek and Tokopedia to Merge and Create GoTo, Indonesia’s Largest Digital Services Company
Gojek and Tokopedia, two of Indonesia's most valuable tech companies, have agreed to merge and create the GoTo Group. The new combined entity will be the biggest privately ...
Vietnamese Healthtech Startups Docosan and POC Pharma Raise Over USD 5 Million
Docosan, a Vietnamese healthtech startup, has raised more than USD 1 million in seed funding. The investment was led by Taiwanese investor AppWorks, with participation from ...
TE Asia Healthcare Partners to Expand Specialty Healthcare in Singapore, Malaysia, and Indonesia
In response to increasing demands for specialty care, specifically in oncology, cardiology, and orthopedics, TE Asia Healthcare Partners plans to invest USD 90 million over ...
Indonesia’s Largest Healthtech Platform HaloDoc Raises USD 80 Million in Funding
Indonesia-based healthtech platform HaloDoc has raised USD 80 Million in Series C funding from major investors such as Indonesian conglomerate Astra International and ...
Singapore’s SP Group and Singtel Group Embrace Sustainable Green Finance Initiatives
Commemorating Earth Day, two major firms in Singapore announced their sustainable green finance initiatives, namely power utility SP Group and telecommunications conglomerate ...
Malaysia’s National Environment Commission to be Established to Address Environmental Issues
The National Environment Commission of Malaysia will be established by the Ministry of Environment and Water (KASA) with the core goal of keeping track and forming relevant ...
Irish Renewable Company to Collaborate with Vietnam on Capacity-building for Offshore Wind
Irish renewable energy developer Mainstream Renewable Power has signed a memorandum of understanding (MoU) with Vietnam's Department of Foreign Affairs for Provinces (DFAP) ...
Electric Boat Service Launched in Thailand, Linking Bangkok and Nonthaburi
Energy Absolute (EA), a Thai renewable power generation firm, has officially launched its battery-run boat service for public transport on the Chao Phraya River, ...
Malaysia’s Oil and Gas Services and Equipment Industry Blueprint to Boost Resilience and Sustainability Efforts
The Malaysian Government has introduced the National Oil and Gas Services and Equipment (OGSE) Industry Blueprint 2021-2030, which aims to accelerate the development of local ...
Danish Company Ørsted Entering Vietnam’s Offshore Wind Market
Ørsted, a Danish majority state-owned energy company, has announced its office opening in Hanoi, Vietnam. With this move, Ørsted is expanding its footprint in Asia after ...
AC Energy Gears up to Develop the Philippines’ Largest Wind Farm
AC Energy Corporation is moving closer to its 2025 goal of achieving 5,000 MW of renewable energy target with the start of construction of the 160 MW Balaoi & Caunayan ...
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