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
Indonesia’s Largest Telecom Company Launches Commercial 5G Mobile Services
Indonesia’s state-owned and largest telecom company, Telkomsel, launched its commercial 5G mobile services in May 2021. At the beginning, 5G services will be rolled out to ...
I-Bhd Plans to Expand its Data Center Park in Selangor
Malaysia’s leading property developer I-Bhd is planning to expand its data center park, i-City Golden Triangle (i-City), in Shah Alam, Selangor state. i-City is one of ...
Australia Increases its Funding Support to Vietnam’s Innovation and Artificial Intelligence Ecosystem
Australia's Department of Foreign Affairs and Trade has agreed to increase funding for the Aus4Innovation (A4I) in Vietnam by USD 2.7 million, raising the total to USD 10.4 ...
Alibaba Cloud to Build First Data Center in the Philippines
Alibaba Cloud, the cloud computing subsidiary of Alibaba Group, announced in early June 2021 that it is planning to build its first data center in the Philippines by the end ...
Vietnam Captures Wave of Multilateral Green Funding
Vietnam is securing a fresh wave of green funding from multilateral actors. In May 2021, the Asian Development Bank signed a USD 116 million loan for three wind farms to be ...
Thailand’s Clean Energy Goals Attract Solar Rooftop Players
Thailand's latest Power Development Plan states that the country aims to draw 35% of its energy from non-fossil fuels by 2037. One of the most promising clean segments is ...
JTC, Shell Explore Solar Farm Development at Semakau Island
JTC Corporation and Shell Singapore have signed a non-binding Memorandum of Understanding supported by the National Environment Agency and Energy Market Authority (EMA) to ...
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 ...
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