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 Company to Build USD 4 Billion LNG-fired Thermal Plant in Vietnam

The People’s Committee of Bac Lieu Province, Vietnam granted an investment certificate to Singapore’s Delta Offshore Energy Pte Ltd Co to develop a USD 4 billion liquefied ...

Pharmacity Targeting Expansion to 1000 Stores by End 2021

Vietnam’s largest pharmacy retailer, Pharmacity, plans to open 350 new stores this year and reach 1000 stores by the end of next year.  In February 2020, Pharmacity raised ...

Ho Chi Minh City Launches Trial Smart Health and Smart Education Operation Centers

As a part of the project to turn Ho Chi Minh City (HCMC) into a smart city, pilot models of operation centers for smart health and smart education, were launched in February ...

Grab Launches Early Stage Startup Accelerator in Vietnam

In February 2020, Grab, South East Asia’s leading ride hailing firm, announced the launch of Grab Ventures Ignite, an accelerator program for early-stage startups, as part of ...

EU Investors to Have the Opportunity to Hold 49% Stake in Two Vietnamese Banks

EU investors will have opportunity to hold up to 49% charter capital at two Vietnamese banks under Vietnam's commitments in the EU-Vietnam Free Trade Agreement (EVFTA). The ...

Construction Begins on USD 96 Million Industrial Park in Bac Ninh

Construction has started in late January 2020 for the 221-hectare Yen Phong II-C Industrial Park in the northern province of Bac Ninh. The industrial park represents an ...

70 New Air Quality Monitoring Stations to be Installed in Hanoi by End-2020

Hanoi, the capital city of Vietnam, is planning to install 70 air monitoring stations by the end of this year, adding to the current 11 monitoring stations. The installation ...

Thailand’s Largest Retailer Lists Shares in Country’s Largest IPO

Thailand's largest retailer, Central Retail Corp, priced its IPO (Initial Public Offering) at THB 42 (USD 1.36) per share, raising THB 78.1 billion (USD 2.5 billion), making ...

Thailand’s First Military Satellite to be Launched in March

According to a report in the Bangkok Post dated 4 February 2020, the European Space Agency has scheduled the launch of Thailand's first military satellite from the Guiana ...

Thai Government Considering Under-River Tunnel to Relieve Congestion in Bangkok

The construction of the first traffic tunnel under the Chao Phraya River is being considered to relieve traffic congestion in the Sathon and Silom areas of Bangkok. The ...

Thai Board of Investment Seeks to Develop Opportunities for Subcontractors

The Thai Board of Investment (BOI) is working to develop the subcontracting sector to serve targeted industries such as aerospace, medical devices, electric vehicles, smart ...

Thai Banks Set to Kickstart Cross-Border Payments in South East Asian Region

Thailand is set to kick off cross-border payments in the South East Asian region, in line with its e-payment roadmap for 2020. The roadmap aims to boost digital transactions ...

Telemedicine Robots Being Deployed in Thailand to Help Treat Infectious Diseases

Chulalongkorn University handed over three telemedicine robots for deployment at the Bamrasnaradura Infectious Diseases Institute, Rajavithi Hospital and Central Chest ...

Raft of Investment Promotion Measures Approved in Thailand

In February 2020, the Thai Board of Investment (BOI) approved a wide range of measures to accelerate investment and support all key sectors of the economy, from large-scale ...

Euro 4 Emission Standards Coming into Effect for Motorbikes in Thailand

The Thai government has introduced a new policy which will require all new motorbikes sold in Thailand from 29 March 2020 to meet Euro 4 emission standards. A draft version ...

Electricity Generating Authority of Thailand Testing Peer-To-Peer Power Trading

The Electricity Generating Authority of Thailand (EGAT) has recently initiated a test of peer-to-peer power trade from solar rooftops, planning to enter the prosumer trade in ...

Singapore to Redevelop Sungei Kadut Industrial Estate

On 6 February 2020, Singapore's Minister for Trade and Industry, Mr Chan Chun Sing, talked about rejuvenating one of Singapore's oldest industrial estates, Sungei Kadut at ...

Singapore Scientists Develop New COVID-19 Test Kit

Singapore's leading public sector research organization, the Agency for Science, Technology and Research (A*STAR) and Tan Tock Seng Hospital have developed a diagnostic test ...

Explore Our Services