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

P2P Power Model Being Planned for Rural Areas in Thailand

The Energy Ministry of Thailand has revealed plans to promote a peer-to-peer (P2P) power trading model for private companies. The goal is to decentralize the country's power ...

Line to Launch Online Grocery Service in Thailand

Japan-based chat app operator Line has announced that the company will launch an online grocery service in Thailand by the end of 2019. The service, called Line Man Grocery, ...

Bangkok’s First Hospital for Elderly to Open by Late 2019

The first city-run hospital for the elderly is scheduled to open by late 2019 in Bangkok in Bang Khunthian district, aiming at treating the increasing number of old people in ...

AirAsia’s Logistics Platform and Triple I Logistics Sign Mou for Thailand JV

In July 2019, Teleport, the digital cargo and logistics platform of AirAsia, and Triple i Logistics, a logistics integrator with 27 years of experience in the international ...

AI Helps Facebook to Map Nearly 500,000 Km of Thai Roads

In July 2019 it was revealed that Facebook mapped 300,000 miles (487,000 km) of previously unmapped roads in Thailand by using artificial intelligence (AI), making the ...

Singapore’s Home Affairs Ministry Setting up New Science and Technology Agency

The Ministry of Home Affairs (MHA) in Singapore introduced the Home Team Science and Technology Agency Bill for first reading in Parliament on 8 July, 2019. MHA plans to ...

Singapore-Headquartered Retail Analytics Firm Raises USD 100 Million

Singapore-headquartered Trax, a provider of computer vision and analytics solutions for retail, announced the successful closure of a USD 100 million Series D investment ...

Singapore-Based AgTech Startup to Set up Commercial Insect Protein Facility

Singapore-based agriculture technology startup, Nutrition Technologies, raised a series A funding round in July 2019. The round was led by venture capital (VC) ...

Singapore to Invest SGD 400 Million for Upgrading Drains Over Next 2 Years

Singapore's Minister for the Environment and Water Resources, Mr Masagos Zulkifli, announced on 17 July, 2019, that the Singapore government will spend  SGD 400 million (USD ...

Sandbox Express Launched in Singapore for Lower Risk Fintech Activities

On 7 August 2019, the Monetary Authority of Singapore (MAS) launched Sandbox Express to provide financial technology firms with a faster option to test innovative financial ...

Project Proposed to Supply 20% of Singapore’s Energy Needs from Solar Farm in Australia

Sun Cable, a company based out of Singapore and Australia, is proposing to produce approximately a fifth of Singapore's electricity through solar power, sourced from the ...

PPG Industries setting up Aerospace Coatings Application Support Center in Singapore

PPG Industries, a Pittsburg-based manufacturer of paints, coatings, and specialty materials, announced a USD 15 million investment in a new 38,750 square foot (3,600 square ...

Pilot Program in Singapore to Help Technology Companies Bring in Skilled Professionals

On 30 July, 2019, the Economic Development Board (EDB) of Singapore and Enterprise Singapore announced plans to pilot [email protected], a targeted program to help technology companies ...

Contract Awarded for Construction of Influent Pumping Stations at Tuas Water Reclamation Plant

PUB, Singapore's National Water Agency, has appointed Koh Brothers Building & Civil Engineering Contractor (Pte) Ltd and China Harbour (Singapore) Engineering Company ...

365,000 Singapore Residents to Benefit from Higher Healthcare Subsidies

The Ministry of Health (MOH) in Singapore has reviewed the income criteria for means-tested healthcare subsidy and assistance schemes. More than 365,000 Singapore Residents ...

PLDT Subsidiary Signs Lease Agreements with Three Common Tower Providers

Smart is the latest addition to telecommunication companies partnering with common tower providers in an effort to ramp up network connectivity nationwide. The company has ...

Philippines Navy to Order Patrol Vessels from Austal

The Department of National Defense (DND) will source six new Offshore Patrol Vessels (OPVs) of the Philippine Navy from Austal Philippines, a Filipino-Australian ship ...

Megaworld to Spend PHP 10 Billion to Build 8 Malls Outside Metro Manila

Leading real estate developer, Megaworld is planning to open eight new Megaworld Lifestyle Malls outside of Metro Manila, in key regional centers across the country in the ...

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