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

Nestlé Opens USD 147 Million Pet Food Factory in Thailand

Swiss multinational food and drink processing conglomerate Nestlé has just launched USD 147 million Nestlé Purina PetCare factory on the Amata industrial estate in ...

Singaporean Company Completes 2,500 Sites for Satellite Services in Indonesia

Singaporean satellite company Kacific has just announced to have completed the deployment of more than 2,500 sites for Bakti, the Indonesian government's Telecommunications ...

Indonesian Health App Achieves USD 180,000 Annual Revenue from Premium Features

Fita, an Indonesia-based healthcare startup, just announced that it currently sells around 150 premium packages per day, contributing around USD 180,000 in annual ...

Indonesian Leading Mini-Markets to Exceed 40,000 Units

It has been recently projected that the stores of Indonesia's two largest minimarket operators will exceed 40,000 units by the end of 2022 as their sales increase. In the ...

Industrial Estate Authority of Thailand Studies Smart and Green Energy

It has been recently revealed that Industrial Estate Authority of Thailand (IEAT) is conducting a joint study smart energy. Named 'Smart Energy-Smart Grid', the project aims ...

Thai Retailers Launch Campaigns to Incentivize Sales

As Thailand reopens to international tourists, retailers in the country are collaborating to launch marketing campaigns to rekindle shopping among both Thai and foreign ...

Thai Real Estate Companies Exploring the Metaverse

According to recent articles, Thailand´s real estate companies are expanding into sales of digital property within virtual metaverses, while the country´s Prime Minister has ...

Thailand Develops Antibody Nasal Spray against Covid-19

It has been reported that Thai scientists are developing an anti-viral nasal spray aimed at countering Covid-19 infections. The solution neutralizes the virus when it enters ...

US Cancels Tariffs on Solar Panels from Thailand for 2 Years

The United States has announced that it will allow the import of solar panels from Thailand at zero tariff for 24 months, with similar moves set for solar panels imported ...

Thailand Develops Smart Piers

Thailand just opened the Tha Chang and Sathorn smart piers as part of the 'Smart Pier Smart Connection' project. These smart piers connect water transportation with other ...

Thailand Seeks Private Sector Collaboration for Space Industry

Thailand is calling for the private sector to invest in increasing the number of aerospace engineers, which currently do not meet the country's demand. A key focus is ...

Thailand Approves USD 6.2 Billion in Investments, Including Foxconn-PTT’s EV Venture

The Thailand Board of Investment (BOI) has approved a combined USD 6.2 billion worth of investment applications in manufacturing and infrastructure projects, including USD 1 ...

South Korean Giant Starts Nickel Processing Plants in Indonesia

South Korea's LG Energy Solution (LGES) just announced that it began construction of a nickel processing plant in Indonesia as part of a USD 9.8 billion investment in the ...

Islamic Development Bank Finances USD 150 Million Loan for a Toll Road in Indonesia

It has just been revealed that the Indonesian government has signed a cooperation agreement with the Islamic Development Bank (IsDB) for financing the construction of the ...

Thailand Becomes First Asian Country to Legalize Cannabis for Food

Thailand has just become the first Asian country to legalize the growing of cannabis and its consumption as a food, aiming to boost its agriculture and tourism sectors. The ...

Singapore’s USD 14 Billion Mega-Port Begins Second Phase of Construction

Work on the Tuas Mega-Port, Singapore’s USD 14 billion project to build the world’s largest automated port by 2040, has begun construction work on the second phase, after the ...

Plant-Based Retail Products are Expanding in Malaysia

Companies are expanding their plant-based products in Malaysia as local consumers exhibit rising interest in plant-based alternatives. This will provide them with greater ...

Malaysia And UK Ink New Partnership on Climate Action

A Memorandum of Understanding (MoU) was signed by the UK and Malaysia to promote bilateral cooperation on climate action. The MoU offers a framework for cooperation between ...

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