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

Korea, Malaysia Collaborating on USD 7 Million Virtual Power Plant Project

Three South Korean entities, utility Busan City Gas, a smart Energy IoT solutions provider, Shinhwa SNC, and software company, I-ON Communications Corp, are collaborating ...

Implementation of Sugar Tax in Malaysia Postponed to July

After taking into account feedback from stakeholders, the Malaysian government decided to postpone the implementation of sugar tax on soft drinks and juices to July 1 from ...

G3 Global Partners Chinese Firms for USD 1 Billion AI Park

China Harbour Engineering Company Ltd (CHEC), G3 Global Bhd and China’s SenseTime Group Ltd have signed a Memorandum of Understanding (MOU) to set up the first artificial ...

ECRI Institute Opens Medical Device Evaluation Laboratory in Malaysia.

Pennsylvania, USA-based ECRI Institute, an independent authority on Medical practices and products, opened its first Medical device evaluation laboratory outside the United ...

Collaboration of Petronas Chemicals with Dow on EO facility

Petronas Chemicals Glycols Sdn Bhd, a subsidiary of Petronas’ petrochemical arm and Malaysia’s leading chemicals producer, Petronas Chemicals Group Berhad, has signed an ...

China-Backed Railway Project in Malaysia to Resume After Cost Reduction

The East Coast Rail Link (ECRL) project in Malaysia is being revived after a significant reduction in the price by China. According to initial plans, the project would build ...

UK-Based Plastic Recycling Company to Build Five Plants in Indonesia

London-based plastic recycling company Plastic Energy Ltd (Plastic Energy) is going to develop five recycling plants in the province of West Java in Indonesia. The company ...

Turkey Supplies Torpedo Countermeasure to Indonesian Navy

Aselsan, a Turkish defense electronics company, is supplying its ZOKA range of acoustic torpedo countermeasure for Indonesian Navy (Tentara Nasional Indonesia - Angkatan Laut ...

Services and Information App Launched by Indonesia’s Health Ministry

The Ministry of Health of Indonesia launched a heath information application called Sehatpedia. Available on Android platforms, the application has five features: Live ...

Oman Investing USD 15 Billion in Indonesian Energy Project

Oman’s Overseas Oil and Gas (OOG) is investing USD 15 billion to build a new oil refinery and petrochemical plant in Bontang, East Kalimantan in Indonesia, together with a ...

New Rolling Stock Plant Being Opened in Indonesia

PT Industri Kereta Api Indonesia (PT Inka), Indonesia’s state-owned rolling stock manufacturer, held a groundbreaking ceremony on 2 April for a new rolling stock plant in ...

Indonesian Logistics Start-up Kargo Receives USD 7.6 Million Seed Funding

Kargo, a logistics startup based in Indonesia, announced in late March that it has received USD 7.6 million seed funding. The investment was led by Sequoia Capital India and ...

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