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

Putrajaya City Council Works with Vectolabs for Municipal Smart City Implementation

Putrajaya City Council Works with Vectolabs for Municipal Smart City Implementation

Putrajaya City Council, Perbadanan Putrajaya (PPj), has partnered with Vectolabs Technologies Sdn Bhd (Vectolabs), a Malaysia-based Internet of Things (IoT) solutions ...
Indonesia and Hungary Create Joint Investment Fund of USD 500 Million for Infrastructure Projects

Indonesia and Hungary Create Joint Investment Fund of USD 500 Million for Infrastructure Projects

Indonesia and Hungary are setting up the Indonesia-Hungary Investment Fund (IHIF), worth USD 500 million, to help finance the Indonesian government's infrastructure projects. ...
Vietnam’s First Data Center Qualifies for Uptime Institute’s Tier 3

Vietnam’s First Data Center Qualifies for Uptime Institute’s Tier 3

HTC International Telecommunication JSC (HTC-ITC), a subsidiary of the Hanoi Telecommunications Corporation (Hanoi Telecom), has officially implemented its Hoa Lac Green Data ...
PH Internet Speeds Continue to Improve

PH Internet Speeds Continue to Improve

The Philippines’ broadband and mobile internet speed have continued to improve as of April 2021 as shown in the Speedtest Global Index by Ookla, according to a statement ...
Gojek and Tokopedia to Merge and Create GoTo, Indonesia’s Largest Digital Services Company

Gojek and Tokopedia to Merge and Create GoTo, Indonesia’s Largest Digital Services Company

Gojek and Tokopedia, two of Indonesia's most valuable tech companies, have agreed to merge and create the GoTo Group. The new combined entity will be the biggest privately ...
Vietnamese Healthtech Startups Docosan and POC Pharma Raise Over USD 5 Million

Vietnamese Healthtech Startups Docosan and POC Pharma Raise Over USD 5 Million

Docosan, a Vietnamese healthtech startup, has raised more than USD 1 million in seed funding. The investment was led by Taiwanese investor AppWorks, with participation from ...
TE Asia Healthcare Partners to Expand Specialty Healthcare in Singapore, Malaysia, and Indonesia

TE Asia Healthcare Partners to Expand Specialty Healthcare in Singapore, Malaysia, and Indonesia

In response to increasing demands for specialty care, specifically in oncology, cardiology, and orthopedics, TE Asia Healthcare Partners plans to invest USD 90 million over ...
Indonesia’s Largest Healthtech Platform HaloDoc Raises USD 80 Million in Funding

Indonesia’s Largest Healthtech Platform HaloDoc Raises USD 80 Million in Funding

Indonesia-based healthtech platform HaloDoc has raised USD 80 Million in Series C funding from major investors such as Indonesian conglomerate Astra International and ...
Singapore’s SP Group and Singtel Group Embrace Sustainable Green Finance Initiatives

Singapore’s SP Group and Singtel Group Embrace Sustainable Green Finance Initiatives

Commemorating Earth Day, two major firms in Singapore announced their sustainable green finance initiatives, namely power utility SP Group and telecommunications conglomerate ...
Malaysia’s National Environment Commission to be Established to Address Environmental Issues

Malaysia’s National Environment Commission to be Established to Address Environmental Issues

The National Environment Commission of Malaysia will be established by the Ministry of Environment and Water (KASA) with the core goal of keeping track and forming relevant ...
Irish Renewable Company to Collaborate with Vietnam on Capacity-building for Offshore Wind

Irish Renewable Company to Collaborate with Vietnam on Capacity-building for Offshore Wind

Irish renewable energy developer Mainstream Renewable Power has signed a memorandum of understanding (MoU) with Vietnam's Department of Foreign Affairs for Provinces (DFAP) ...
Electric Boat Service Launched in Thailand, Linking Bangkok and Nonthaburi

Electric Boat Service Launched in Thailand, Linking Bangkok and Nonthaburi

Energy Absolute (EA), a Thai renewable power generation firm, has officially launched its battery-run boat service for public transport on the Chao Phraya River, ...

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