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

Signs of Retail Recovery in the Philippines

Swedish furniture maker has announced that IKEA Philippines will open its outlet in the Philippines in the 4th quarter of 2021. It was originally planned to open in 2020 but ...

Muji to Open First Store in Hanoi

Muji, a renowned Japanese retail company selling a wide variety of consumer goods, recently opened its first flagship store in Hanoi's Vincom Center Metropolis, after opening ...

AirAsia Acquires Gojek’s Thailand Operations in Thailand

AirAsia Digital (the digital arm of multinational low-cost airline AirAsia) and ride-hailing unicorn Gojek have announced a partnership whereby AirAsia Digital will acquire ...

Thailand Developing 5G Powered Health Information System

Thailand is developing a 5G-powered intelligent medical information system in cooperation with five organizations including Mahidol University's Faculty of Engineering, the ...

Tessa Therapeutics and A*STAR’s Collaborate to Form Cell Therapy Laboratory

Tessa Therapeutics Ltd. (Tessa), a clinical-stage cell therapy company developing next-generation cancer treatments for hematological malignancies and solid tumors, is ...

TE Asia Invests USD 50 million in Indonesian Health Projects

TE Asia Healthcare Partners, a healthcare group backed by US private equity firm TPG Capital, and Altrui Investment Management are investing USD 50 million in two medical ...

South Korea’s SK Group to Invest in Vietnam’s Largest Pharmacy Chain

SK Group, one of South Korea's largest conglomerates, has been reported to be planning an investment in Vietnam’s largest pharmacy retail chain, Pharmacity, with an expected ...

SNC-Lavalin to Deliver High-Tech Manufacturing Facility in Malaysia

SNC-Lavalin Group Inc., a fully integrated professional services and project management company headquartered in Canada, has been commissioned by US-based firm DexCom Inc., a ...

Digital Health Apps Flourish in the Philippines Amid the Pandemic

Digital health platforms in the Philippines are expected to remain flourishing as the COVID-19 pandemic continues as evidenced by several apps reporting accelerated numbers ...

UMW Toyota Motor to Advance Local Manufacturing of Hybrid Electric Vehicles in Malaysia

UMW Toyota Motor Sdn Bhd (UMWT) recently announced its plan for local mass manufacturing of Hybrid Electric Vehicles (HEV) in Malaysia with an additional investment of MYR ...

South Korea’s KCC Glass to Open its First Overseas Factory in Indonesia

KCC Glass Corporation, a representative integrated glass company in Korea, has announced plans to establish a glass factory in Batang Industrial Park, Central Java, ...

Japanese Company Establishes Production Center for Carbon Fiber in Vietnam

In July 2021, Teijin Carbon Vietnam Co., Ltd (TCV) began commercial production of carbon fiber goods such as prepreg, a fiber sheet pre-impregnated with matrix resin as an ...

Japanese Bicycle-parts Maker Shimano Invests USD 179 Million in Jurong Plant

Singapore has attracted some USD 179 million in investment from Japanese bicycle-parts maker Shimano, with its upcoming plant in Jurong Innovation District (JID) expected to ...

Holcim Invests USD 4.2 million to Upgrade Cement Plants

Cement firm Holcim Philippines, Inc. is investing PHP 210 million (USD 4.2 million) in projects to reduce the fuel consumption and increase mineral additive usage of its ...

Dow to Expand Production of Propylene Glycol Capacity in Thailand

Dow, the global leading materials science company headquartered in the United States, has just announced a plan to expand its propylene glycol (PG) capacity at its existing ...

Review of Singapore’s Long-Term Land Use Needs

Singapore's Urban Redevelopment Authority (URA) has launched a year-long public engagement exercise for the Long-Term Plan Review (LTPR), as part of efforts to involve ...

Record Number of Bids Received for PNR Calamba Railway Project

The Philippine National Railways (PNR) Calamba project has received a “record number” of 34 bids from six local and 17 international companies to participate in the ...

Indonesia Aims for Over 5,000 km of Toll Roads by 2024

Indonesia's Ministry of Public Works and Public Housing (PUPR) has set a target of extending the length of Indonesia's toll roads to 5,103 kilometers from 2,386 km by ...

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