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

Risen Energy’s USD 10 Billion Solar Module Manufacturing Investment

Risen Energy’s USD 10 Billion Solar Module Manufacturing Investment

The government of Malaysia has granted China-based global solar PV leader, Risen Energy Co Ltd the approval for manufacturer's license with a total investment of MYR 42.2 ...
Ormat Technologies Secures New Geothermal Supply Contract in Indonesia

Ormat Technologies Secures New Geothermal Supply Contract in Indonesia

US-headquartered alternative and renewable geothermal energy company Ormat Technologies has secured a new contract in Indonesia with Star Energy Geothermal Salak to supply ...
EDP Renewables to Enter Vietnam’s Growing Solar Power Market

EDP Renewables to Enter Vietnam’s Growing Solar Power Market

EDP Renewables (EDPR), a global leader in renewable energy headquartered in Spain, has announced its entry into Vietnam via a 28 megawatts of AC power (MWac) solar ...
ADB to Focus Its 5-years Partnership with Thailand on Private Sector-Led Growth and Knowledge Solutions

ADB to Focus Its 5-years Partnership with Thailand on Private Sector-Led Growth and Knowledge Solutions

The Asian Development Bank (ADB) has endorsed a new 5-year country partnership with Thailand to achieve its goal of becoming a high-income nation through sustainable economic ...
Vietnam’s Economy Outperforms Expectations

Vietnam’s Economy Outperforms Expectations

DBS Bank´s experts predict that Vietnam's economy will grow at a rate of 6-6.5% during the next decade, surpassing Singapore by 2030 in terms of total GDP. Vietnam's GDP was ...
Sarawak Government, Alibaba Cloud Join Hands to Drive Digitalization Among SMEs

Sarawak Government, Alibaba Cloud Join Hands to Drive Digitalization Among SMEs

Sarawak Digital Economy Corporation Berhad (SDEC), a Sarawak state government-owned corporation has established a partnership with Alibaba Cloud, the digital technology and ...
Philippines to Strengthen Trade and Investment Ties with Switzerland

Philippines to Strengthen Trade and Investment Ties with Switzerland

The Philippines has reaffirmed its commitment to expand two-way trade and investment ties with Switzerland and deepen cooperation in cleantech and renewable energy, ...
Indonesia Improves in World Competitiveness Ranking

Indonesia Improves in World Competitiveness Ranking

Indonesia has jumped three places in a global competitiveness ranking in 2021 thanks to its economic resilience amid the Covid-19 pandemic, the improvement in government ...
Turkish Technic Partners with Sapura Technics To Expand MRO Services in Malaysia

Turkish Technic Partners with Sapura Technics To Expand MRO Services in Malaysia

Turkish Technic, an aircraft maintenance, repair and overhaul (MRO) firm for Turkish Airlines, signed a Heads of Agreement (HOA) with Sapura Technics as part of its plan to ...
Singapore Air Force Increases Operational Efficiency With New Technologies

Singapore Air Force Increases Operational Efficiency With New Technologies

The Republic of Singapore Air Force (RSAF) will incorporate advanced fourth industrial revolution technologies to enable more effective and faster operations. Advancements ...
New Defense Holding Company to be Formed Amidst Drive in Military Modernization in Indonesia

New Defense Holding Company to be Formed Amidst Drive in Military Modernization in Indonesia

The Indonesian government aspires to establish a new holding firm, which will combine the capabilities of the country's state-owed defense industrial base, by the fourth ...
Thai Union and V Foods to Expand Plant Based Food Businesses

Thai Union and V Foods to Expand Plant Based Food Businesses

Thai Union Group PCL and V Foods (Thailand) Co., Ltd. have recently signed a memorandum of understanding (MoU) to develop and expand their plant-based food businesses. Under ...

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