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’s B2B FMCG Marketplace GudangAda Raises USD 25.4 Million

Indonesia’s B2B FMCG Marketplace GudangAda Raises USD 25.4 Million

GudangAda, an online B2B marketplace for fast-moving consumer goods (FMCG) based in Jakarta, announced that it raised a USD 25.4 million Series A (bringing total fundraising ...
Indonesia Relying on Healthtech to Deal with Surge in Coronavirus Cases

Indonesia Relying on Healthtech to Deal with Surge in Coronavirus Cases

As COVID-19 cases surge in Indonesia, doctors are using telemedicine solutions to treat patients both at hospitals and online. Due to a lack of medical staff and protective ...
Indonesian Government Plans Six Toll Road Projects Worth USD 5.3 Billion

Indonesian Government Plans Six Toll Road Projects Worth USD 5.3 Billion

In a bid to boost post-COVID recovery, the Indonesia government will offer six toll road public private partnerships (PPP) projects with a combined value of IDR 80.5 trillion ...
Dutch Company to Produce Mission Critical Communication Systems in Indonesia

Dutch Company to Produce Mission Critical Communication Systems in Indonesia

Following a Dutch trade mission, Rohill announced that it will partner with Indonesian companies PT Len Industri and PT Simoco to obtain a leading position in the ...
Daewoo E&C Wins Contract Related to Indonesian LNG Liquefaction Plant

Daewoo E&C Wins Contract Related to Indonesian LNG Liquefaction Plant

On April 22, Daewoo Engineering & Construction (Daewoo E&C) signed on as the main contractor for the Tangguh Expansion Ph2 project, an Indonesian LNG ...
Construction of Kediri Airport Launched to Spur Economic growth in East Java

Construction of Kediri Airport Launched to Spur Economic growth in East Java

The Indonesian government announced in mid April 2020 that the construction of Kediri Airport in Kediri regency, East Java, had begun. The project is expected to be completed ...
Circular Economy Focused Fund Invests in Plastic Recyclers in Indonesia and India

Circular Economy Focused Fund Invests in Plastic Recyclers in Indonesia and India

Circulate Capital, a Singapore-based investment management company focused on combating plastic in the oceans and advancing the circular economy, has announced its ...
Canadian Provider of AI Solutions for Retailers Enters Indonesian Market

Canadian Provider of AI Solutions for Retailers Enters Indonesian Market

Loop Insights Inc, a provider of artificial intelligence solutions to brick and mortar retailers, announced on April 14 that it had signed a Memorandum of Understanding ...
Bank Indonesia Relaxing Credit Card Regulations to Boost Consumption

Bank Indonesia Relaxing Credit Card Regulations to Boost Consumption

Bank Indonesia (BI), the central bank of Indonesia, has announced that it will ease regulations on credit cards, through lowering maximum interest rates and late payment ...
Vietnam Rubber Industry Group to Build Three New Plants

Vietnam Rubber Industry Group to Build Three New Plants

The Vietnam Rubber Industry Group (VRG), in which the government of Vietnam holds a controlling stake, has announced an investment into three new processing factories in the ...
US Aerospace Component Manufacturer Opens Factory in Da Nang

US Aerospace Component Manufacturer Opens Factory in Da Nang

Sunshine Aerospace Components Factory in Da Nang, a new manufacturing facility for US firm Universal Alloy Corporation (UAC), started operations on 31 March 2020. UAC is one ...
Vietnam Government Approves New Feed-In-Tariff Scheme for Solar Power

Vietnam Government Approves New Feed-In-Tariff Scheme for Solar Power

The government of Vietnam has approved feed-in-tariff mechanism for solar energy. The previous mechanism expired on 30 June, 2019. The new scheme will be applied for 20 years ...

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