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

NEC Joins Race to Lead Malaysia’s National Digital ID Project

Japanese ICT giant, NEC, has submitted a proposal to the Malaysian Ministry of Communications and Multimedia (KKMM) to provide biometric technology for a large-scale ...

MYR 90 Million Available for SMEs in Malaysia Through Co-Funding Initiative

A co-funding initiative between private investors and the government targeting SMEs known as the SME Investment Partner (SIP) Program has recently raised a total of MYR 90 ...

MDEC Chooses Synagie to Accelerate E-commerce Adoption in Malaysia

MDEC is the Malaysian government’s lead agency tasked with driving the growth of the digital economy in the country. Together with the Ministry of International Trade and ...

Malaysia Moving Towards Liberalization of Natural Gas Market

Malaysia is moving towards liberalizing its natural gas market with just one price review away to achieve market-based gas pricing this year. This was shared by Adif ...

EcoWorld and PowerChina Partner for Infrastructure Development in Malaysia

Eco World Development Group Berhad and PowerChina Group are collaborating on two large industrial and Infrastructure projects. The move is said to strengthen bilateral ...

Three SOEs Form Partnership to Develop Industrial Estates in Sebang

Construction firm PT Wijaya Karya (Wika), Manufacturing company PT Rajawali Nusantara Indonesia (RNI) and plantation company PT Perkebunan Nusantara VIII (PTPN VIII) have ...

PT Lloyd Pharma Indonesia Signs Licensing Agreement for HIV Drugs

San Diego, California-based Viriom Inc. signed a licensing agreement with PT Lloyd Pharma Indonesia for Elpida as well as other drugs from Viriom’s HIV (human ...

NTT Announces Plans to Develop Largest Data Center in Indonesia

NTT Com, the communications subsidiary of the Japanese ICT giant, NTT Group, will build a  four-story, 194,000 square feet data center campus near Jakarta. Dubbed the ...

Japan’s INPEX Obtains Approval for Development of LNG Project in Indonesia

Japanese oil exploration and production company, INPEX, through its subsidiary INPEX Masela (51.93% held by Inpex), received official approval on 16 July from the Indonesian ...

Indonesian Coffee Business Startup Raises USD 20 Million

Indonesian startup, Kopi Kenangan raised USD 20 million from Sequoia India in June 2019. Previously in October 2018, the company raised USD 8 million in seed funding in a ...

Indonesia Implementing A Variety of Tax Breaks to Boost GDP Growth

Indonesia is implementing a comprehensive set of tax measures aimed at boosting investment, and stimulating economic growth, amid signs that the government's 5.3% growth ...

Indonesia and South Korea Collaborate on Water Management

Indonesian State-Owned Enterprise Perum Jasa Tirta II (PJT II) signed an agreement with Korea Water Resources Corporation (K-Water), establishing a partnership concerning ...

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