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

Japanese Furniture Brand Nitori Retail to Open First Singapore Store

Apr 2022 Singapore, Retail/FMCG

Japanese furniture and home furnishing brand Nitori Retail opened its first outlet in Singapore in March 2022, spanning the entire fourth floor (31,630 sq ft) of Courts ...

US Specialist Partners with Thai Company to Offer Solar Energy for Homes

Apr 2022 Thailand, Energy

It has just been announced that Thai solar rooftop company SCG Solar Roof Solutions is partnering with US energy service provider Enphase Energy in a bid to power ...

Petronas Accelerates Cleaner Energy Strategy Through Partnerships and New Initiatives

Apr 2022 Malaysia, Energy

Petronas, Malaysia’s national oil and gas conglomerate, aspires to be an energy superstore, as indicated by its recent collaboration with Honeywell on carbon-neutral energy ...

Thai Exports Surge Finding New Markets

Apr 2022 Thailand, Agrifood, Economy

Thailand's exports grew by over 16% in the month of February 2022, driven by higher international demand on the back of global economic recovery. This higher-than-expected ...

SDG Investor Map to Guide Private Sector in Indonesia

Apr 2022 Indonesia, Environment

The United Nations is supporting Sustainable Development Goals (SDG) in Indonesia. The Indonesia SDG Investor Map (the Map) was launched in March 2022 by the government of ...

Thailand Moves to Liberalize LNG Market, Upgrades Infrastructure

Apr 2022 Thailand, Energy, Infrastructure

Thailand is seeking to secure more liquefied natural gas (LNG) as sanctions threaten supplies from Myanmar and a steep production fall is registered at the offshore Erawan ...

Philippines Liberalizes Investments for Foreign Investors

Apr 2022 Philippines, Economy, Infrastructure

The Philippines expects more investments to come in soon after the government has enacted several important laws that will amend restrictions and free up more investment ...

South Korea Expresses Interest in Construction of the Batam-Bintan Bridge

Apr 2022 Indonesia, Infrastructure

Through Korean Exim Bank (KEXIM), the South Korean government has expressed interest in participating in the Batam-Bintan Bridge project using the public-private partnership ...

Thailand to Develop Big Data Portal for Healthcare

Apr 2022 Thailand, Healthcare

Thai government agencies have just revealed that they are cooperating in an effort to enhance public health and medical services. As part of the initiative, Thailand will see ...

Malaysia Sees Growing Interest in Virtual Credit Cards

Apr 2022 Malaysia, ICT

Virtual credit cards (VCCs) are an emerging trend in Malaysia, with an increasing number of card issuers, such as banks, trying to attract customer demand for more secure ...

Thailand Seeks to Purchase New Fighter Jets

Apr 2022 Thailand, Defense/Aerospace

The Royal Thai Air Force has recently highlighted the need to purchase new fighter jets to replace existing aircraft scheduled for decommissioning. The Air Force commenced a ...

Malaysia Achieved USD 72 Billion in Approved Investment in 2021

Apr 2022 Malaysia, Economy

Malaysian Investment Development Authority (MIDA) has announced that the country's manufacturing, services and primary sectors attracted a record amount of approved ...

Singaporean Specialist Helps Thai Retailer Build the Region’s First Metaverse Supermarket

Apr 2022 Thailand, Retail/FMCG

Singaporean cryptocurrency platform Zipmex has joined forces with Central Food Retail, the largest supermarket chain in Thailand, in order to launch a blockchain-powered ...

Menicon to Invest USD 153 million in its Largest Overseas Facility In Malaysia

Apr 2022 Malaysia, Manufacturing

Menicon Co Ltd, a Japanese manufacturer of contact lenses and lens care solutions aims to invest MYR 650 million (USD 153 million) in Malaysia to build its first daily ...

Singapore to Install Rainwater Harvesting Systems for 89 Public Housing Blocks from 2027

Apr 2022 Singapore, Environment

It has been recently announced that Singapore's Housing Development Board (HDB) will be installing its UrbanWater Harvesting System (UWHS) to harvest rainwater in existing ...

Singapore to Ramp Up Charging Infrastructure and Public Education on Electric Vehicles

Apr 2022 Singapore, Environment, Infrastructure

With the aim of transitioning to the use of Electric Vehicles (EV) in Singapore, the Land Transport Authority has announced its plans to accelerate the expansion of the EV ...

APRIL Group Invests in Indonesia with a New Sustainable Paperboard Packaging Mill

Apr 2022 Indonesia, Manufacturing

Asia Pacific Resources International Limited (APRIL Group), a leading manufacturer of sustainable fibers and products, has announced plans to expand its downstream product ...

Vietnam and France Eye Cooperation in Agriculture

Apr 2022 Vietnam, Agrifood

During the Paris Salon International de l'Agriculture (SIA) held in March 2022, the Vietnamese Ambassador to France emphasized the potential for long-term development and ...

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