FORVIA, a French company that ranks as the world’s 7th largest supplier of automotive technologies, is partnering with BYD for the construction of a new seat-assembly plant in the Rayong province of Thailand. This new facility will produce complete seat sets under...
Starbucks recently celebrated its 25th anniversary in Thailand, announcing a large expansion of its store network in the country. Specifically, the American company set the goal to have 800 stores in the Southeast Asian country by 2030, including eight Community...
Astranis, an American space-based internet start-up, has signed a new deal to launch and operate a dedicated satellite for the Philippines which will provide enough bandwidth to connect up to 2 million people. The company is partnering with satellite services provider...
The South Korean government has reiterated its commitment to support the Philippines’ energy sector, including its plan to revive the Bataan Nuclear Power Plant. The Korean government has presented and submitted its proposal for a joint feasibility study on the...
The Philippines has unveiled new fourth-generation light rail vehicles (LRVs) made using Japanese technology as part of the government’s train modernization program. The Philippines procured a total of 120 LRVs through a Japan International Cooperation Agency Official...
The Philippines is building a new medical specialty center, the Clark Multi-Specialty Hospital, that will serve Central and Northern Luzon. The hospital will be constructed under Executive Order No. 19, issued by President Ferdinand Marcos Jr., directing the...
Water concessionaire Manila Water is set to build a new 200 million liters per day (MLD) water treatment plant (WTP) which will provide an additional supply of potable water to Metro Manila’s East Zone after inking a partnership deal with ACCIONA, PrimeBMD, and Santa...
Brazil’s postal service Correios announced in late July 2023 that it had signed an agreement with shopping app Shopee to boost exports of Brazilian products to Southeast Asian markets. Owned by Southeast Asian tech giant Sea, Shopee signed a memorandum of...
In July 2023, Singapore-based semiconductor start-up Silicon Box unveiled its USD 2 billion factory in Tampines, designed to manufacture semiconductor chiplet interconnections that can be applied in areas such as artificial intelligence, electric vehicles and...
The eight projects that won the first Jurong Lake District (JLD) Innovation Challenge were unveiled at the Urban Redevelopment Authority (URA) Centre in mid-July. Organized by URA, Smart Nation and Digital Government Office (SNDGO) and the Infocomm Media Development...
Singapore-listed Thomson Medical Group (TMG) has announced that it had purchased FV Hospital, Vietnam’s largest private healthcare group, for USD 380 million. The purchase is the largest healthcare acquisition in Southeast Asia since 2020, and marks TMG’s strategic...
In mid-July, the Maritime and Port Authority of Singapore (MPA) issued an Expression of Interest (EOI) for companies to submit proposals to design and promote the adoption of full-electric harbor craft (e-HC) in Singapore. The EOI was issued in the wake of the...
