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

Velum Labs Signs Deal with NACSA to Strengthen Malaysia’s National Cyber Defense

Velum Labs Signs Deal with NACSA to Strengthen Malaysia’s National Cyber Defense

Malaysia is making substantial advancements in bolstering its cybersecurity defenses through a partnership between Velum Labs Sdn Bhd, a subsidiary of the Sapura Group ...
Malaysia Introduces ‘MADANI Economy’ Framework

Malaysia Introduces ‘MADANI Economy’ Framework

Malaysia’s Prime Minister, Anwar Ibrahim, introduced the ‘MADANI Economy: Empowering the People’ as a transformative economic framework aimed at uplifting the nation's status ...
Malaysia’s Energy Transition Roadmap Targets Sustainable Growth

Malaysia’s Energy Transition Roadmap Targets Sustainable Growth

Malaysia has launched Phase 1 of the National Energy Transition Roadmap (NETR), highlighting 10 primary catalyst projects. These initiatives present potential energy ...
Petronas’ Gentari and Singapore’s Sembcorp Collaborate on Low Carbon Energy Solutions

Petronas’ Gentari and Singapore’s Sembcorp Collaborate on Low Carbon Energy Solutions

Gentari, Petronas's renewable energy division, has teamed up with Singapore's Sembcorp Industries to foster collaborations in the clean energy realm, with a spotlight on ...
Ramsay Sime Darby Health Care Partners with Annalise.Ai and AWS to Implement AI Solution

Ramsay Sime Darby Health Care Partners with Annalise.Ai and AWS to Implement AI Solution

Ramsay Sime Darby Health Care (RSDH), one of Malaysia’s largest private healthcare providers has collaborated with the Australian radiology AI firm Annalise.ai, backed by ...
Malaysia Collaborates with South Korean Data Analytics Firm on Smart Agricultural Program

Malaysia Collaborates with South Korean Data Analytics Firm on Smart Agricultural Program

Malaysia is intensifying its collaboration with South Korea to enhance the exchange of smart agricultural technologies for livestock. On July 5, a memorandum of understanding ...
Chery to Invest USD 36.57 Million in Malaysia’s Electric Vehicles Industry

Chery to Invest USD 36.57 Million in Malaysia’s Electric Vehicles Industry

Malaysia is set to see a boost in its electric vehicle (EV) market, with China’s major automobile manufacturer Chery committing to an MYR 170 million (USD 36.57 million) ...
Treasure Global to Partner the Malaysia Retail Chain Association to Provide F&B Solutions

Treasure Global to Partner the Malaysia Retail Chain Association to Provide F&B Solutions

Treasure Global Inc (TGL), a Malaysian technology solutions provider with presence in the U.S. has announced a Memorandum of Understanding (MOU) with the Malaysia Retail ...
Malaysia Plans to Revive High-Speed Rail Project

Malaysia Plans to Revive High-Speed Rail Project

Malaysia is reinitiating plans for the high-speed rail (HSR) project that would connect Kuala Lumpur to Singapore, a venture which had been shelved for over two years. It ...
South Korea’s Lotte Group Opens Largest Shopping Mall Vietnam

South Korea’s Lotte Group Opens Largest Shopping Mall Vietnam

South Korea’s Retailer Lotte Group has announced the opening of Westlake Hanoi Mall which is reported to be the largest shopping complex in Vietnam. Specifically, the ...
Foxconn Continues Expanding in Vietnam with Two New Projects

Foxconn Continues Expanding in Vietnam with Two New Projects

In July 2023, the Provincial People’s Committee of Quang Ninh Province authorized two Foxconn projects worth more than USD 246 million. The two manufacturing facilities, ...
US Energy Company Partners with PetroVietnam Gas to Construct LNG Terminal

US Energy Company Partners with PetroVietnam Gas to Construct LNG Terminal

The American energy company AES and Petrovietnam Gas have recently announced to receive permission from the local government of Binh Thuan Province to construct the USD 1.34 ...

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