Thailand Introduces New Incentives for Auto Parts Joint Ventures

Thailand Introduces New Incentives for Auto Parts Joint Ventures

Thailand has introduced a new incentive program to encourage joint ventures (JVs) between Thai and foreign companies in the automotive parts manufacturing sector. This initiative, led by the Thai Board of Investment (BOI), aims to enhance Thailand’s role as a...
Finnish Company Supports Indonesia Enhancing Airport Weather Safety

Finnish Company Supports Indonesia Enhancing Airport Weather Safety

Finnish measurement technology company Vaisala has signed a EUR 25 million contract (approximately USD 27 million) with Indonesia’s Agency for Meteorology, Climatology, and Geophysics (BMKG) to upgrade weather systems at fourteen Indonesian airports. This is...
Vietnamese EV Manufacturer Launches First Assembly Plant in Indonesia

Vietnamese EV Manufacturer Launches First Assembly Plant in Indonesia

VinFast, Vietnam’s leading electric vehicle (EV) manufacturer, held a groundbreaking ceremony on July 15, 2024, for its first assembly plant in Subang, West Java. The facility will produce right-hand drive versions of its e-SUV models, including the VF 3, VG 5, VF 6,...
Evonik Expands Production Capacity for DL-methionine in Singapore

Evonik Expands Production Capacity for DL-methionine in Singapore

Evonik’s recent expansion of its methionine production facility on Jurong Island adds 40,000 tonnes to its annual output, bringing the total capacity to 340,000 tonnes per year. Methionine, a critical protein component in animal feed, plays a key role in supporting...
Databricks Establishes Singapore as its Asia Pacific Hub

Databricks Establishes Singapore as its Asia Pacific Hub

Databricks has officially established Singapore as its regional headquarters for the Asia Pacific and Japan (APJ) region, with plans to expand its workforce in the country significantly. In collaboration with the Singapore Economic Development Board (EDB), Databricks...