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

Philippines to Strengthen Trade and Investment Ties with Switzerland

The Philippines has reaffirmed its commitment to expand two-way trade and investment ties with Switzerland and deepen cooperation in cleantech and renewable energy, ...

Pacific Alliance-Singapore Free Trade Agreement (PASFTA) is Formed

The Pacific Alliance (PA) and Singapore successfully concluded negotiations of the Pacific Alliance-Singapore Free Trade Agreement (PASFTA), which is expected to enhance ...

Indonesia Improves in World Competitiveness Ranking

Indonesia has jumped three places in a global competitiveness ranking in 2021 thanks to its economic resilience amid the Covid-19 pandemic, the improvement in government ...

Vietnam Airlines Awards MRO Contract to StandardAero

Vietnam's national carrier Vietnam Airlines has awarded to StandardAero a new multiple-year Aviation Maintenance, Repair and Overhaul (MRO) contract for the Pratt & ...

Turkish Technic Partners with Sapura Technics To Expand MRO Services in Malaysia

Turkish Technic, an aircraft maintenance, repair and overhaul (MRO) firm for Turkish Airlines, signed a Heads of Agreement (HOA) with Sapura Technics as part of its plan to ...

Singapore Air Force Increases Operational Efficiency With New Technologies

The Republic of Singapore Air Force (RSAF) will incorporate advanced fourth industrial revolution technologies to enable more effective and faster operations. Advancements ...

Philippines Restores Criticial Security Pact with the US

On July 30, 2021, Philippine President Rodrigo Duterte restored the Visiting Forces Agreement (VFA) with the United States, a 1998 critical security pact that lays out the ...

New Defense Holding Company to be Formed Amidst Drive in Military Modernization in Indonesia

The Indonesian government aspires to establish a new holding firm, which will combine the capabilities of the country's state-owed defense industrial base, by the fourth ...

Mu Space Opens First Satellite Manufacturing Facility in Southeast Asia

Thai space technology company mu Space has opened the first dedicated aerospace manufacturing facility in Southeast Asia. Measuring more than 2,200 square meters, the factory ...

Thai Union and V Foods to Expand Plant Based Food Businesses

Thai Union Group PCL and V Foods (Thailand) Co., Ltd. have recently signed a memorandum of understanding (MoU) to develop and expand their plant-based food businesses. Under ...

USD 5.9 Million Agri-Industrial Hub to be Built in Taguig City

The Department of Agriculture (DA) will establish the first Agri-industrial Business Corridor (ABC) for freshwater aquaculture and urban farming in Taguig, in partnership ...

New Launch of Plant-Based Meat Products in Indonesia

Indonesian plant-based meat startup Green Rebel has launched two new plant-based whole cut steak products in Indonesia in order to help bridge the growing demand for beef and ...

New App to Help Fish and Shrimp Farmers in Singapore

Blue Aqua International, analytics software company SAS and Temasek Polytechnic's Aquaculture Innovation Centre are collaborating to support the local aquaculture industry in ...

IFC to Invest USD 43 Million Supporting Pork Production in Vietnam

The International Finance Corporation (IFC), the largest global development institution focusing on the private sector in emerging markets, is helping GREENFEED Vietnam ...

FGV Launches the FGV Chuping Agro Valley in Malaysia

FGV Holdings Berhad (FGV) has officially launched FGV Chuping Agro Valley (FCAV) in conjunction with the Northern Corridor Implementation Authority (NCIA). FGV is an ...

Vietnam’s Retail Players Make Inroads Abroad

The Vietnamese retail industry is growing rapidly, and its key players have started expanding to foreign markets. In of the most illustrative recent examples, in May 2021, ...

Sales of Imported Cars Surged Amidst the Pandemic

Sales of imported cars almost quadrupled in May 2021 compared with the level in the same month last year, according to the Association of Vehicle Importers and Distributors ...

DKSH, Kotányi GmbH Expand Partnership to Enter Malaysia

Swiss-based market expansion services provider DKSH, through its local unit DKSH Business Unit Consumer Goods in Malaysia, has expanded its cooperation with Kotányi GmbH, an ...

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