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
Singapore Commits USD 24.5 Million to Boost Corporate-Startup Collaborations
The Singapore Economic Development Board (EDB) has announced a commitment of SGD 32 million (USD 24.5 million) in fresh funding over the next two years to further drive ...
Saab in Collaboration with DSTA to Supply Composite Superstructures
Saab has secured a significant contract with Singapore’s Defence Science & Technology Agency (DSTA) to provide six composite superstructures for the Republic of Singapore ...
Singapore Launches Agritech Lab to Boost Local Food Production
As part of its ambitious goal to produce 30% of its own food by 2030, Singapore has unveiled a cutting-edge Agritech Lab in collaboration with Powerplants Australia and Priva ...
American Company Establishes Foreign Investment Entity in Vietnam to Enhance Women’s Healthcare
Organon, a US-based healthcare company focused on advancing women’s health and community well-being, has recently announced the launch of its Foreign Investment ...
Google Considers Building Major Data Center in Vietnam
Google is contemplating the construction of a substantial data center in Vietnam, potentially marking the first major investment by a prominent U.S. tech firm in the ...
US and Vietnamese Companies to Jointly Develop Major LNG Import Terminal in Haiphong
US-based liquefied natural gas (LNG) importer Excelerate Energy has signed a term sheet with ITECO Joint Stock Company, a private Vietnamese development firm, to jointly ...
South Korea’s Signetics to Open USD 100-Million Semiconductor Facility in Vietnam by 2025
South Korean semiconductor company Signetics is set to operationalize its USD 100-million factory in Vinh Phuc province by October 2025. The new facility, which will supply ...
G&M Cosmetics Expands Its Offline Presence in Vietnam
Australian company G&M Cosmetics has made its debut in Vietnam, with its products now available in more than 500 retail outlets across the country. The company is ...
Can Tho City and SUEZ Discuss Collaborative Opportunities in Water and Waste Management
In August 2024, the Managing Director for South East Asia of France’s SUEZ Group met with Vice Chairman of the Can Tho municipal People’s Committee to explore potential ...
Vietnam and Singapore Strengthen Clean Energy Ties with New Offshore Renewable Project
In August 2024, the Petrovietnam Technical Services Corporation (PTSC) and its Singaporean partner, Sembcorp Utilities Pte Ltd, held a ceremony to officially transfer ...
Vietnam and UAE Set to Finalize Comprehensive Economic Partnership Agreement
Vietnam and the United Arab Emirates (UAE) are actively pursuing negotiations for a Comprehensive Economic Partnership Agreement (CEPA) to enhance trade and investment ties. ...
Universal Alloy Corporation Expands Vietnam Plant to Produce Composite Aerospace Components
US-based Universal Alloy Corporation (UAC), a leading manufacturer of composite components for the aerospace industry, is advancing with phase two of its investment in its ...
Australian Universities Collaborate With Vietnam to Promote Agricultural Innovation
The Australian Government’s Aus4Innovation program has granted AUD 1.45 million (nearly USD 1 million) to boost collaboration between Australian universities and Vietnam’s ...
Italian Energy Specialist Receives Approval for New Gas Production Hub in Indonesia
Indonesian authorities have approved Eni SPA, an Italian multinational energy company, for its offshore Gehem and Geng North fields development plan. The plan includes ...
Indonesia Collaborates with Saudi Arabia to Develop 92 MWp Saguling Floating Solar Power Plant
Indonesia has signed a purchase agreement with ACWA Power, a Saudi-based developer of power and water desalination projects, to develop the 92 MWp Saguling floating solar ...
Indonesia Eases Local Content Regulations to Boost Green Energy Investments
The Indonesian government has eased its local content requirements in the energy sector to attract concessional funding for renewable energy projects from international ...
Türkiye and Indonesia Sign Agreements on Defense Industry Cooperation
Turkish defense firms Aselsan and Roketsan have entered into strategic agreements with Indonesia for defense industry transfers under the coordination of Türkiye’s ...
Indonesia Allocates 1.5 Million Hectares for Dairy Farming and Cattle Imports
The Agriculture Ministry is setting aside 1.5 million hectares of land for dairy farming to support the President-elect’s Free Meal Program, which seeks to provide ...
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