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
Singapore Beefs Up Naval Defense
In November 2023, Singapore's Ministry of Defense (MINDEF) has signed a contract with Fr. Fassmer GmbH & Co. KG to acquire four new Offshore Patrol Vessels (OPVs) to ...
France’s Vital Meat Plans to Introduce Cultivated Chicken in Singapore
Vital Meat, a French cultivated meat company, has recently announced its initiative to enter the Singaporean market with its innovative product, Vital Chicken. The company ...
Indonesia and Vietnam Collaborate to Advance Lobster Production
The Minister of Maritime Affairs and Fisheries of Indonesia has recently expressed confidence in the nation's potential to emerge as a prominent lobster producer in Southeast ...
Indonesia to Provide Tax Incentives for Electric Vehicle Manufacturers
Indonesia plans to provide tax incentives for automakers intending to establish electric vehicle (EV) plants, including exemptions on import duties for fully manufactured EVs ...
US and German Companies Advance Green Hydrogen Production in Indonesia
Black & Veatch, a US company leader in critical infrastructure solutions, has recently undertaken a feasibility study for Augustus Global Investment (AGI), a ...
Honeywell Collaborates Indonesian Firm to Improve Mission Readiness of Armed Forces
American corporation Honeywell has signed a memorandum of understanding (MoU) with Indonesian aerospace manufacturer PT Dirgantara Indonesia (PTDI) to improve mission ...
Indonesian Companies Sign Collaborate with Chevron for CCS/CCUS Development
PT Pertamina Hulu Mahakam (PHM), PT Pertamina Hulu Sanga Sanga (PHSS), and PT Pertamina Hulu East Kalimantan (PHKT) have signed confidentiality agreement with Chevron Energy ...
Indonesia Aspires to be the Global Hub of Muslim Fashion
According to Indonesia's Ministry of Trade, the Southeast Asian country is set to emerge as the global center for Muslim fashion in 2024, aligning with its ongoing ...
South Korean Company to Construct Plasma Fractionation Plant in Indonesia
GC Biopharma, a South Korean biopharmaceutical company, recently started the construction of a plasma fractionation plant at the Jababeka Industrial Estate in Indonesia. This ...
Indonesia and Germany Collaborate in Green Transportation Development
Indonesia and Germany are joining forces to develop eco-friendly transportation systems, including bus rapid transit (BRT) in Semarang and Surabaya, as well as the ...
Indonesian and South Korean Telecommunications Companies Collaborate on Smart City Project
South Korean telecommunications company KT Corp., and its Indonesian counterpart Telkom Indonesia have recently inked a memorandum of understanding to collaborate on a smart ...
ADB Approves USD 650 Million Investment for Indonesia’s Health System
The Asian Development Bank (ADB) has approved an investment of USD 650 million for the upgrade of Indonesia's primary healthcare facilities and public health laboratories. ...
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