ASEAN BUSINESS NEWS

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Monthly Business News to Help You Understand the Market

Indonesia Plans USD 320 Million Incentives to Spur EV Sales in 2023

Indonesia Plans USD 320 Million Incentives to Spur EV Sales in 2023

Indonesia is considering spending USD 320 million in its 2023 budget to incentivize purchases of electric vehicles (EVs), as stated by Indonesia's Industry Minister. ...
Malaysia’s IJN to Establish New Cardiac Centers

Malaysia’s IJN to Establish New Cardiac Centers

Institut Jantung Negara Sdn Bhd (IJN) plans to expand its reach by setting up cardiac centers outside Kuala Lumpur to improve healthcare access. IJN, which is also known as ...
Singapore Seeks Low or Zero-Carbon Power Generation and Bunkering Solutions

Singapore Seeks Low or Zero-Carbon Power Generation and Bunkering Solutions

A key thrust of the recently launched National Hydrogen Strategy strategy is for Singapore to experiment with advanced hydrogen technologies on the cusp of commercial ...
Philippine’s Metro Pacific and Israel’s LR Group to Build Integrated Dairy Farm in Laguna Province

Philippine’s Metro Pacific and Israel’s LR Group to Build Integrated Dairy Farm in Laguna Province

Metro Pacific Investments Corporation (MPIC), a Philippine conglomerate that recently entered the dairy industry in early 2022, has announced its further expansion by ...
Vietnam Signs USD 15.5 billion Deal to Cut Down Fossil Fuel

Vietnam Signs USD 15.5 billion Deal to Cut Down Fossil Fuel

Under a new Just Energy Transition Partnership (JETP) signed in December 2022, developed countries will mobilize USD 15.5 billion in public and private finance over the ...
Thai Union Allocates USD 172 Million Seafood Business Expansion in 2023

Thai Union Allocates USD 172 Million Seafood Business Expansion in 2023

Thai Union has announced that it intends to invest THB 6 billion (USD 172.4 million) in order to expand its seafood operations in 2023. Out of the total budget, THB 1 billion ...
Indonesian Ministry of Health to Prepare Five Provincial Hospitals to Provide Heart Disease Treatment

Indonesian Ministry of Health to Prepare Five Provincial Hospitals to Provide Heart Disease Treatment

Cardiovascular diseases are among the leading causes of death in Indonesia. However, health facilities specializing in heart disease in Indonesia are primarily concentrated ...
Malaysia’s BCX Allows Exchange of Voluntary Carbon Credits

Malaysia’s BCX Allows Exchange of Voluntary Carbon Credits

Malaysia's Bursa Carbon Exchange (BCX) is the world's first carbon trading exchange, which encompasses standardized carbon credit products to be traded on the platform. It ...
Singapore and US West Coast Ports to Establish a Green and Digital Shipping Corridor

Singapore and US West Coast Ports to Establish a Green and Digital Shipping Corridor

The Maritime and Port Authority of Singapore (MPA), Port of Los Angeles, Port of Long Beach and C40 Cities (a global network of mayors) have begun discussions on establishing ...
VinES Enters Battery Recycling Partnership with Canadian Company Li-Cycle

VinES Enters Battery Recycling Partnership with Canadian Company Li-Cycle

VinES Energy Solutions (VinES) is entering a new partnership to explore battery recycling solutions Li-Cycle Holdings Corp. VinES Energy Solutions (VinES) is a Vingroup ...
US Company to Develop Thailand’s Energy Storage Market

US Company to Develop Thailand’s Energy Storage Market

Fluence Energy, a leading American provider of energy storage products and services and cloud-based software for renewables and storage, and the Electricity Generating ...
Hyundai Signs Aluminum Supply Deal with Indonesia’s Adaro Minerals

Hyundai Signs Aluminum Supply Deal with Indonesia’s Adaro Minerals

In November 2022, Hyundai Motor Company signed a deal with PT Adaro Minerals Indonesia Tbk, to secure a stable supply of aluminum, a key material required for electric ...

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