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

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Repsol Makes Largest Gas Discovery in Indonesia in 18 Years

Mar 2019 Indonesia, Energy
Repsol, the Spanish Energy company, has made the largest gas find in Indonesia in 18 years. The discovery was made in the Sakakemang block in South Sumatra. The KDB-2X well ...
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PT Royal Express Indonesia and Weyland Tech Inc. Launch Pilot Program

Mar 2019 Indonesia, ICT
Weyland Tech Inc. and ‘Last-Mile’ Delivery Partner, PT Royal Express Indonesia (“REX”) announces update on its strategic partnership. The companies are implementing a pilot ...
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Ping An’s Fintech Subsidiary Commences Operations in Indonesia

Mar 2019 Indonesia, ICT
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 ...
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iPhone Manufacturer Commencing Operation in Batam, Indonesia

Mar 2019 Indonesia, Manufacturing
Pegatron Corporation, an Apple’s iPhones manufacturer, is looking to start production in April this year after it confirmed the rental of a 2-hectare factory in Riau Islands ...
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Indonesia opens up Universities and Hospitals to Foreign Investment

Mar 2019 Indonesia, Healthcare
The Investment Coordination Board (BKPM) of Indonesia revealed that government is considering revising its Negative List (Daftar Negatif Investasi) to allow foreigners to ...
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Indonesia and UK Sign Low Carbon Energy MoU

Mar 2019 Indonesia, Environment
On 20 February 2019, the United Kingdom and Indonesia signed a Memorandum of Understanding (MoU) on low carbon Energy development. Under the MoU, the UK will provide a USD ...
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Indonesia and Australia Sign Economic Partnership Agreement

Mar 2019 Indonesia, Economy
On 4 March 2019, Indonesia and Australia signed the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA). Indonesia, which is expected to be the world’s ...
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IFC Approves USD 275 Million Loan to Indonesia’s Trans Corp

Mar 2019 Indonesia, Retail/FMCG
International Finance Corporation (IFC), a member of the World Bank Group, is providing a loan package of USD 275 million to PT Trans Corpora (Trans Corp), a wholly owned ...
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Construction of New Jakarta Airport to Start in 2021

Mar 2019 Indonesia, Infrastructure
The state-owned airport operator, PT Angkasa Pura II, plans to build a new greenfield airport in Jakarta starting 2021. It is estimated that Indonesia would invest as much as ...
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British Energy Firm BP Enters Indonesia’s Avtur Market

Mar 2019 Indonesia, Defense/Aerospace
PT AKR Corporindo, Indonesia’s logistics and supply chain company operating in fuel and basic chemical distribution, has entered a joint venture with British Energy Firm BP ...
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Vietnamese Airlines to be Permitted to Establish Direct Services to the US

Feb 2019 Vietnam, Defense/Aerospace
In February 2019, the US Department of Transportation’s Federal Aviation Administration (FAA) granted a Category 1 safety rating to Vietnam, based on an assessment of the ...
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Vietnam Proposing Tax Cuts on Locally Made Auto Parts

Feb 2019 Vietnam, Manufacturing
The Ministry of Finance in Vietnam has sent in a ministry document (655/BTC-CST) to the prime minister requesting a change in laws to remove the special consumption tax on ...
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