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

Indonesia to Receive USD 836 Million for Green Energy Projects, Considers Nuclear Plant

Indonesia to Receive USD 836 Million for Green Energy Projects, Considers Nuclear Plant

In June 2021, the Indonesian Minister of Environment and Forestry confirmed that the country is committed to reducing greenhouse gas emissions by 41% by 2030, equivalent to ...
Foreign Players Target Clean Energy Investments in Thailand

Foreign Players Target Clean Energy Investments in Thailand

In May 2021, it was revealed that five Japanese companies, among which Toyota, expressed interest in investing in renewable energy businesses at Smart Park industrial estate ...
Vietnam to Allocate Over USD 120 Billion in Public Investment Projects

Vietnam to Allocate Over USD 120 Billion in Public Investment Projects

In May 2021, it was reported that public investment projects in Vietnam up to 2025 will be funded with an estimated budget of over USD 120 billion. This expected budget ...
Thailand’s Exports Rise by 13% as the Economy Recovers

Thailand’s Exports Rise by 13% as the Economy Recovers

The Thai economy is on track to recover from the adverse effects of the Covid-19 pandemic, as illustrated by the recent announcement that the South East Asian´s exports rose ...
Singapore’s 2021 Economic Growth Could Exceed Forecast of 4% to 6%

Singapore’s 2021 Economic Growth Could Exceed Forecast of 4% to 6%

According to the latest report by the Monetary Authority of Singapore (MAS), the recent tightening of domestic restrictions and border controls will cause a near-term setback ...
Shopee Malaysia’s Various Partnerships Generate USD 240 Million in Sales

Shopee Malaysia’s Various Partnerships Generate USD 240 Million in Sales

Malaysia’s largest online shopping platform, Shopee, has announced MYR 1 billion (USD 240 million) in sales in the country since the first movement control order (MCO) that ...
Megaworld Corporation Readies Philippines’ Largest Real Estate Investment Trust (REIT) Listing

Megaworld Corporation Readies Philippines’ Largest Real Estate Investment Trust (REIT) Listing

Megaworld Corp plans to raise PHP 27.3 billion (USD 567 million) from its Initial Public Offering (IPO) of MREIT, Inc., its real estate investment trust (REIT), by selling 49 ...
Indonesia’s Newest Economic Zone Seeks USD 17 Billion Investments

Indonesia’s Newest Economic Zone Seeks USD 17 Billion Investments

Indonesia’s newest special economic zone expects to attract about USD 17 billion in investments, now that it is open to foreign investors and comes with a series of tax ...
Vietnam to Receive Beechcraft T-6 Texan II Aircraft from the United States

Vietnam to Receive Beechcraft T-6 Texan II Aircraft from the United States

In June 2021, it was revealed that the US Air Force (USAF) agreed to supply Vietnam with the Beechcraft T-6 Texan II turboprop trainer/light-attack aircraft. The agreement ...
Singapore to Set Up New Cyber-Security and Information Center for ASEAN Defense Exchanges

Singapore to Set Up New Cyber-Security and Information Center for ASEAN Defense Exchanges

Singapore is poised to set up a new Cybersecurity and Information Center to allow exchanges among ASEAN defense establishments in response to threats posed by cyber-attacks, ...
Philippines Considers Submarine Procurement from South Korea

Philippines Considers Submarine Procurement from South Korea

The Philippine Defense Assistant Secretary for Logistics and Acquisition visited the Republic of Korea Navy's (RoKN's) Submarine Force Command and held talks with his ...
Malaysian Drone Company Partners with Thai Players for Joint Venture for Infrastructure Inspection

Malaysian Drone Company Partners with Thai Players for Joint Venture for Infrastructure Inspection

Malaysian drone company Aerodyne Group has created a new Joint Venture (JV) with Thai partners AI and Robotics Ventures and Digital Creation. The JV will be called AeroSky, ...

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