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

European Wellness Group’s Expansion into Sabah

European Wellness Group’s Expansion into Sabah

A European-based wellness center is targeting Sabah as a strategic location for its expansion into the ASEAN market, particularly in the wellness and biopharmaceutical ...
UAE-Malaysia Digital Infrastructure Investment Partnership

UAE-Malaysia Digital Infrastructure Investment Partnership

UAE and Malaysia have inked a Memorandum of Understanding (MoU) aimed at bolstering investment cooperation in digital infrastructure. The agreement, signed by the Ministry of ...
Plans in Progress to Upgrade and Expand Sarawak Airports

Plans in Progress to Upgrade and Expand Sarawak Airports

The Sarawak Transport Ministry (MOTS) has initiated efforts to enhance aviation infrastructure in the region by submitting upgrade proposals for Kuching International Airport ...
Global Advanced Materials Firm Launches USD 177 Million Plant in Kedah, Malaysia

Global Advanced Materials Firm Launches USD 177 Million Plant in Kedah, Malaysia

Ferrotec Holdings Corporation, a prominent global supplier of materials and precision system solutions based in Japan, has unveiled its latest manufacturing facility at Kulim ...
UK’s Molton Brown Opens Its First Flagship Store in Kuala Lumpur

UK’s Molton Brown Opens Its First Flagship Store in Kuala Lumpur

Japanese cosmetics giant Kao is ramping up its global presence by opening the flagship store of the British luxury fragrance brand Molton Brown in Kuala Lumpur, Malaysia. ...
Malaysia Approves 22 Renewable Energy Projects to Foster Energy Transition

Malaysia Approves 22 Renewable Energy Projects to Foster Energy Transition

The Malaysian Ministry of Energy Transition and Public Utilities, through the Sustainable Energy Development Authority (Seda), has granted approval for the implementation of ...
Vietnam Emerges as Hub for Luxury Brands

Vietnam Emerges as Hub for Luxury Brands

Distributors of luxury brands in Vietnam, including Louis Vuitton, Chanel, Dior, and Hermes, reported profits of VND 3.8 trillion (USD 156.57 million) in 2022, marking a ...
German Tire Manufacturer to Enhance Production in Vietnam

German Tire Manufacturer to Enhance Production in Vietnam

German tire brand Schwalbe recently announced the decision to centralize all tire and tube manufacturing operations in Vietnam in response to the tense conditions in the ...
South Korea to Open Logistics Center in Vietnam, Boosting SMEs

South Korea to Open Logistics Center in Vietnam, Boosting SMEs

The South Korean government recently announced the establishment of a corporate entity in Vietnam, named K-UPA, with the aim of establishing a logistics center in the ...
Vietnam Joins the Asian Race for Generative AI

Vietnam Joins the Asian Race for Generative AI

Vietnam has entered the race in Asia to develop generative artificial intelligence (AI) programs tailored to local languages and cultures, aiming to reduce reliance on ...
Israel and Vietnam to Collaborate in 3D Printing for Healthcare

Israel and Vietnam to Collaborate in 3D Printing for Healthcare

In January 2024, the 3D Technology in Medicine Center (3D Lab) of VinUniversity, a private university in Vietnam, signed a Memorandum of Understanding (MoU) with CustoMED – ...
Vietnam Sets Mandatory Recycling Rates for Environmental Protection

Vietnam Sets Mandatory Recycling Rates for Environmental Protection

Manufacturers and importers of tires, inner tubes, batteries, motor oil, and paper and board packaging are now obligated to recycle a portion of these products under new ...

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