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 Planning to Relax Drug Patent Rules to Boost Domestic Pharmaceutical Industry
The Indonesian federal government is planning to relax standards on drug patents with an omnibus bill on job creation to support the country's pharmaceutical ...
Indonesia Hires AECOM, Mckinsey and Nikken Sekkei to Design New Capital
American engineering company AECOM, strategy consulting firm McKinsey & Company and Japanese architectural and engineering firm Nikken Sekkei will be involved in ...
Indonesia and Netherlands Sign USD 1 Billion with of Trade Deals During Royal Visit
During the visit of King Willem-Alexander and Queen Maxima of the Netherlands to Indonesia in March 2020 25 business agreements worth USD 1 billion, covering wide ranging ...
Indonesia Aims to Double Gas Production by 2030 in Bid to Reduce Trade Deficit
Indonesia is striving to double gas production over the next 10 years to 12.3 billion cubic feet per day as it sets to become one of the world’s top exporters with major ...
Indonesia Agrees to US Military Grant of Drones and Helicopters
The Indonesia’s Defense Ministry has agreed to accept the United States’ military grant consisting of 14 Insitu ScanEagle drones and 3 Bell 412 helicopters. The military ...
Vietnam to Remove Limit 49% of Foreign Investors’ Capital Contribution for Intermediary Payment Firms
In the draft decree replacing Decree 101/2012 / ND-CP stipulating non-cash payment submitted to the Government in June 2020, the State Bank of Vietnam (SBV) is expected not ...
Vietnam and US Collaborating for Satellite Observations on Environmental Changes
US space agency National Aeronautics and Space Administration (NASA) is collaborating with the Vietnam National Space Centre (VNSC) for satellite observations on land use and ...
USD 117 Million Automobile Assembly Complex Approved in Thua Thien-Hue Province
Bach Viet Automobile Manufacturing Industry JSC received in principle approval for a VND 2.7 trillion (USD 117.4 million) project to develop a 50 hectare automobile assembly ...
Singapore Company to Build USD 4 Billion LNG-fired Thermal Plant in Vietnam
The People’s Committee of Bac Lieu Province, Vietnam granted an investment certificate to Singapore’s Delta Offshore Energy Pte Ltd Co to develop a USD 4 billion liquefied ...
Pharmacity Targeting Expansion to 1000 Stores by End 2021
Vietnam’s largest pharmacy retailer, Pharmacity, plans to open 350 new stores this year and reach 1000 stores by the end of next year. In February 2020, Pharmacity raised ...
Ho Chi Minh City Launches Trial Smart Health and Smart Education Operation Centers
As a part of the project to turn Ho Chi Minh City (HCMC) into a smart city, pilot models of operation centers for smart health and smart education, were launched in February ...
Grab Launches Early Stage Startup Accelerator in Vietnam
In February 2020, Grab, South East Asia’s leading ride hailing firm, announced the launch of Grab Ventures Ignite, an accelerator program for early-stage startups, as part of ...
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