Business News
Business news to help you keep track of the latest developments and identify new opportunities across key sectors in South East Asia
Monthly Business News to Help You Understand the Market
Japanese Cosmetics Company Launches First Store in Ho Chi Minh City
Japanese cosmetics and drugs retailer Matsumoto Kiyoshi recently opened its first store in downtown Ho Chi Minh City, covering 274 square meters and featuring over 6,000 items
New Trends Gain Traction among Thai Food Producers
Consumers in South East Asia have become more concerned with maintaining healthy lifestyles and with food safety, and are seeking alternatives to traditional foods, a trend ...
US Dairy Export Council Opens Center for Dairy Excellence in Singapore
The US Dairy Export Council (USDEC) has continued to expand its progress in South East Asia since it first entered the region in 1998, opening a new US Centre for Dairy ...
Sun Care Products Drive Personal Care Sector in the Philippines
Data analytics company GlobalData has reported that the rise in demand for suncare products will drive the Philippines' personal care sector, which is projected to record a ...
Astral Asia Bhd to Venture into FMCG E-Commerce
Malaysia-based Astral Asia Bhd (AAB) is planning to diversify its core businesses to include e-commerce, focussing on fast-moving consumer goods (FMCG). The new e-commerce ...
Microsoft, Google and Other American Giants Investing in Indonesia’s E-commerce
Microsoft has entered into a strategic partnership with Bukalapak, one of Indonesia’s leading e-commerce platforms, while Google and Temasek have agreed to invest USD 350 ...
Pharmaceutical Giant STADA Seeking Full Ownership of Vietnamese Pymepharco JSC
Pharmaceutical giant STADA Arzneimittel AG first invested in Vietnamese Pymepharco Joint Stock Company (PME) in 2008, and over the years it has increased its direct and ...
Oxford University’s Covid-19 Vaccine to be Produced in Thailand for the Regional Market
Oxford University, which has partnered with British-Swedish pharmaceutical company Astra-Zeneca to produce a Covid-19 vaccine, has announced that it will use Thailand as its ...
Thermo Fisher Builds Pharmaceutical Product Facility in Singapore
Global life sciences company, Thermo Fisher Scientific, has announced plans to develop a facility with two new sterile filling lines in Singapore, extending its capacity for ...
Australia’s Vaxine Offers to Hold Clinical Trial for Potential Covid-19 Vaccine in the Philippines
Australian biotechnology company, Vaxine Pty Ltd., has relayed its interest to the Philippines' Department of Science and Technology (DOST) to conduct the second phase of ...
LKL and AT Systematization Sign Distribution Agreement to Sell Gloves
Healthcare equipment supplier LKL International Bhd has entered into a distribution agreement with AT Systematization Bhd to market, sell, and distribute natural rubber latex ...
Mandaya Royal Hospital Puri and Philips Ink Seven-year Partnership Agreement
Mandaya Royal Hospital Puri has inked a seven-year partnership agreement with Royal Phillips (Phillips), a global leader in health technology. The deal aims to integrate a ...
Samsung Electronics Vice Chairman Considers Investment in Vietnam
In October 2020, Samsung Electronics Vice Chairman Lee Jae-Yong had a meeting with Vietnamese Prime Minister Nguyen Xuan Phuc to discuss possible investment plans. Samsung is ...
Royal Enfield to Expand Further in Asia through New Facility in Thailand
Royal Enfield, a British motorcycle brand that has been owned by Indian Manufacturer Eicher Group since 1994, has announced its intention to expand overseas, with plans to ...
Plant-based Egg Substitute Producer Expands in Singapore
Eat Just, a plant-based egg substitute producer, has announced a partnership with an investment consortium, led by Proterra Investment Partners Asia, to launch a new ...
Japanese firm, Yokowo, chooses Philippines as Site for Wiring Harness Manufacturing Venture
Japanese company Yokowo Co Ltd has set up its automotive wiring harness and components manufacturing facility in the Philippines after a year-long due diligence process in the
Western Digital Pledges MYR 2.3 Billion in Investment in Malaysia
The hard disk drive manufacturer Western Digital has committed to increasing its investments in Malaysia by MYR 2.3 billion (USD 566.3 million) to boost its production ...
Indonesia to Develop Nickel Supply Chain for Batteries and Electric Vehicles
Indonesia is moving toward building an industry to supply nickel for batteries and electric vehicles (EV). Crucially, the country has already banned the export of nickel ore, ...
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