ASEAN BUSINESS NEWS

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Public Works Ministry of Indonesia Seeks 42% Budget Bump in 2021

Public Works Ministry of Indonesia Seeks 42% Budget Bump in 2021

The Ministry of Public Works and Housing (PUPR) of Indonesia is requesting a USD 10.1 billion budget for 2021 to fund the country's infrastructure projects. This marks almost ...
New USD 6 Million Waste-to-Energy Plant Inaugurated in Indonesia

New USD 6 Million Waste-to-Energy Plant Inaugurated in Indonesia

The Indonesian government inaugurated a waste-to-energy power plant in Cilacap, Central Java, worth USD 6 million. The refuse-derived fuel (RDF) facility is a pilot project ...
Indonesian Government Exploring Plans to Develop Medical Tourism

Indonesian Government Exploring Plans to Develop Medical Tourism

According to a report in the Jakarta Post, the Indonesian government is considering a plan to develop medical tourism in the country in an effort to provide high quality ...
Fortescue Metals Group to Develop Renewable Energy in Indonesia

Fortescue Metals Group to Develop Renewable Energy in Indonesia

The Indonesian government and Australian firm Fortescue Metals Group (FMG), the fourth largest iron ore producer in the world, signed a Deed of Agreement to develop renewable ...
Indonesian Logistics Startup Waresix Raises Series-B Funding

Indonesian Logistics Startup Waresix Raises Series-B Funding

Waresix, an Indonesian logistics startup company, raised USD 100 million for its Series-B funding round. Investors include existing backers, EV Growth and Jungle Ventures as ...
Korea Development Bank Acquires Indonesia’s Tifa Finance

Korea Development Bank Acquires Indonesia’s Tifa Finance

Korea Development Bank (KDB) has purchased a majority stake of 80.65% in Tifa Finance, a multi-finance company in Indonesia.  KDB is a state-owned bank established in 1954 ...
Anytime Fitness Asia Aims to Establish 100 Gyms in Malaysia in 3 to 4 Years

Anytime Fitness Asia Aims to Establish 100 Gyms in Malaysia in 3 to 4 Years

Anytime Fitness Asia (AFA), the regional master franchisee of the Anytime Fitness brand headquartered in Minnesota, USA, is planning to set up 100 more gyms in Malaysia in ...
Malaysia Invites Bids for Maritime Patrol Aircraft and Unmanned Aerial Systems

Malaysia Invites Bids for Maritime Patrol Aircraft and Unmanned Aerial Systems

The Malaysian Ministry of Defense has issued an international tender to supply three unmanned aerial systems (UAS) and two maritime patrol aircraft (MPA). The announcement ...
AME Elite to Start Construction of Jstar Motion’s Fourth Manufacturing Facility in Johor

AME Elite to Start Construction of Jstar Motion’s Fourth Manufacturing Facility in Johor

AME Elite Consortium Sdn Bhd, a Malaysia-based integrated industrial property development and engineering services provider is planning to state construction of Jstar ...
Communication Infrastructure in Sabah And Sarawak to be Upgraded by 2022

Communication Infrastructure in Sabah And Sarawak to be Upgraded by 2022

The Malaysian Communications and Multimedia Commission (MCMC), the national regulator for the communications and multimedia industry, has announced the government's plan to ...
Penang State Announces Initiative to Improve Water Supply Infrastructure by 2050

Penang State Announces Initiative to Improve Water Supply Infrastructure by 2050

Penang Water Supply Corporation (PBAPP), a state-owned company that manages water supply in Penang has outlined three contingency plans under its Penang Water Supply ...
Malaysia Sets Up its First Oncofertility Referral Center

Malaysia Sets Up its First Oncofertility Referral Center

Malaysia's first oncofertility referral center or known as the Advanced Reproductive Centre (ARC) has been formally established at the Canselor Tunku Mukhriz Hospital of ...

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