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
Shell Invests in Phase 4 of Deepwater Project in Malaysia
Shell PLC announced its second investment in Malaysia’s oil and gas sector within a month through its local unit, Sabah Shell Petroleum Co, in the phase 4 of the ...
Malaysia Purchases Italy’s Leonardo Maritime Patrol Aircraft
Malaysia’s Ministry of Defense announced that the Italian company Leonardo was chosen by the government as its preferred supplier for a maritime patrol aircraft program ...
Malaysia’s Digital Economy Reaches USD 21 Billion in 2022
Malaysia's digital economy increased by 13% year over year in 2022, reaching a gross merchandise value of USD 21 billion (GMV), mostly contributed by the rise of e-commerce ...
PLDT Invests USD 75 Million to Boost Intra-Asia Connectivity
The Philippines’ largest fully integrated telco PLDT will continue to expand its international cable network as the initial phase of cable construction of the Asia Direct ...
Indonesian Ice Cream Maker Builds its Biggest Plant in the Philippines
Indonesia’s ice cream manufacturer Aice Brands is building a 49,070 sqm ice cream plant in the Philippines - its largest and most advanced within Southeast Asia.
Targeted ...
Global Coffee Chain Brands Expanding in Malaysia
Leading coffee chain brands like Starbucks Coffee, Coffee Bean & Tea Leaf, and Kenangan Coffee will be expanding in Malaysia by 2023 due to a flurry of investments from ...
Medtech Allm Inc. of Japan Set Up Base in Southeast Asia
Greater Kuala Lumpur will serve as the Southeast Asia hub for Allm Inc, a provider of digital healthcare services with headquarters in Japan. Using its Join telemedicine ...
Shell Appoints MHB To Provide Solar-Powered Platform for Gas Project
Sarawak Shell Bhd has appointed Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) as a provider of engineering, procurement and construction (EPC) services relating to ...
Japan’s Shimano Components Buys Paragon Globe Factory in Johor
Shimano Components, a Japanese leading manufacturer of bicycle components and fishing equipment, will expand its production in Malaysia through the purchase of new factory in ...
DHL Express Expands Johor Gateway Facility for Regional Demand
Global express service provider, DHL Express, has opened its expanded Johor Gateway facility in the Senai Airport City industrial park. The facility, which is more than twice ...
Etana Launches Biopharmaceutical Manufacturing in Indonesia
Etana Biotechnologies established its biopharmaceutical manufacturing facility in Jakarta. Etana is involved in developing a variety of innovative therapeutics, like ...
Salvatore Ferragamo Launches in Indonesia
Valiram, a Malaysian retail business, has launched Indonesia's first Salvatore Ferragamo store. The store, located in Plaza Indonesia, is part of Valiram's expanding ...
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