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

Key Alliance to Acquire 30% of Tree Med for USD 3.4 Million

Key Alliance to Acquire 30% of Tree Med for USD 3.4 Million

Key Alliance Group Bhd (KAG), a Malaysian company specializing in ICT services and IT infrastructure solutions has announced its plan to invest MYR 14 million (USD 3.4 ...
Bangkok Dusit Medical Services Joins Global Innovation Platform Plug and Play

Bangkok Dusit Medical Services Joins Global Innovation Platform Plug and Play

Bangkok Dusit Medical Services Plc (BDMS), Thailand's largest private hospital operator, signed an agreement with Silicon Valley-based innovation platform Plug and Play Tech ...
Singapore to Set Up an Additional 600 Electric Vehicle Charging Stations

Singapore to Set Up an Additional 600 Electric Vehicle Charging Stations

In early January 2021, the Singapore Urban Redevelopment Authority (URA) and Land Transport Authority (LTA) issued a pilot tender to set up an additional 600 electric vehicle ...
Extension of Sales Tax Exemption Until June 2021 Expected to Boost Automotive Sector

Extension of Sales Tax Exemption Until June 2021 Expected to Boost Automotive Sector

The total industry volume (TIV) of Malaysia’s automotive sector is forecasted to increase in 2021, driven by the sales tax exemption extension under the National Economic ...
Penang Undersea Tunnel to be Reviewed After Feasibility Study Completed

Penang Undersea Tunnel to be Reviewed After Feasibility Study Completed

The feasibility study for Penang's undersea tunnel project development which started in 2014 has been concluded in December 2020. The proposed undersea tunnel is part of the ...
LOGOS to Develop Indonesia’s Green Logistics Hub

LOGOS to Develop Indonesia’s Green Logistics Hub

The International Finance Corporation (IFC), a member of the World Bank Group, will provide LOGOS, an Australian logistics property group, with up to USD 120 million in debt ...
QR Code Technology Proposed to Address Illegal Meal Imports

QR Code Technology Proposed to Address Illegal Meal Imports

Following the meat cartel scandal which has been in operation for 40 years, Malaysian government agencies involved in meat importation and halal certification are considering ...
Ericsson and Singtel Partner to Deploy  5G Technology in Singapore

Ericsson and Singtel Partner to Deploy 5G Technology in Singapore

In mid-December 2020, Singtel announced its partnership with networking and communications company Ericsson to deploy high-end 5G technology. This energy efficient 5G ...
New Solutions for Cleaning Vietnam’s Water Bodies

New Solutions for Cleaning Vietnam’s Water Bodies

The government of Vietnam is turning its attention to the growing problem of the country’s polluted water bodies. Vietnam’s Prime Minister Nguyen Xuan Phuc has recently ...

Indonesia Peat Restoration Agency’s Mandate Renewed and Extended

The Indonesia Peat Restoration Agency’s (BRG) mandate has been renewed for another four years until December 2024. With the extension, the government has renamed the agency ...
Constant Energy Group, Hitachi Asia, and Santec to Invest in Solar Power

Constant Energy Group, Hitachi Asia, and Santec to Invest in Solar Power

TMB Bank Public Company Limited is providing Thailand-based Constant Energy Group with a THB 1.5 billion (USD 50 million) green finance loan package. The funding will be ...
88% of Malaysia’s Palm Oil Plantation Areas Now Certified

88% of Malaysia’s Palm Oil Plantation Areas Now Certified

As the world’s second-largest palm oil producer, about 5.2 million hectares (ha) or 88% of Malaysia's total oil palm plantation areas in the country have been certified by ...

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