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
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 ...
Indonesia Seeks USD 7.7 Billion Investment for Three Economic Zones
On April 1, 2019, the Indonesian President launched three special economic zones (SEZs) in East Kalimantan, North Sulawesi and North Maluku. Investors in the SEZs will ...
Indonesia Halts Implementation of E-Commerce Tax
Sri Mulyani Indrawati, Indonesia’s finance minister, has announced that Indonesia is halting the implementation of PMK 210/2018, a regulation which governs the taxation of ...
First Phase of Mass Rapid Transit System Opened in Jakarta
Indonesia’s president Joko Widodo inaugurated the first phase of Jakarta Mass Rapid Transit (MRT) on April 24,2019. The project was funded by the Japan International ...
Chinese Fintech Company Commences Operations in Indonesia
OneConnect, a subsidiary of China-based Ping An insurance group commenced operations in Indonesia on 20 February. OneConnect is a Fintech SaaS provider of advanced ...
Vietnam to Raise Retail Electricity Prices by 8.36%
The Ministry of Industry and Trade (MoIT)'s Electricity Regulatory Authority has raised the retail price for electricity by 8.36% to an average of 1,864.4 VND (USD 0.0804) ...
Vietnam Government Launches National E-document Exchange Platform
The government office has launched a National e-Document Exchange Platform that connects Vietnam government offices, ministries, agencies, and localities, and enables secure ...
Vietnam Government Exploring Measures to Reduce Industrial Energy Use
With the industrial sector account for 47% of Vietnam's total Energy consumption, the country's Ministry of Industry and Trade (MOIT) is reviewing businesses to explore ...
Van Don EZ Being Developed in Vietnam’s Quang Ninh Province
The Vietnam government is planning to develop Quang Ninh Province's Van Don economic zone (EZ) into a dynamic economic hub with a focus on tourism, as well as the production ...
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