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

Thailand Developing High-Tech Eastern Fruits Economic Corridor

To facilitate the trade of value-added agricultural projects, Thailand is going ahead with the THB 350 million (USD 11.5 million) Eastern Fruit Corridor project. In this ...

Singapore-MIT Alliance for Research and Technology (SMART) Develops Next-generation AgricultureTools

Researchers from the Singapore-MIT Alliance for Research and Technology (SMART) are exploring the development of engineered plant nanosensors and portable Raman spectroscopy. ...

New Opportunities for Vietnam Agricultural Exports

Vietnamese exports of agrifood products are expected to play an increasingly important role in the country's trade flows as a consequence of a series of recent ...

Indonesian Agriculture E-commerce Company Register More Than 600% Growth in 2020

TaniHub, an Indonesian e-commerce company that focuses on the supply and distribution of agricultural produce, registered an increase of more than 600% gross revenue growth ...

Increased Pork Imports at Lower Tariff May be Approved by Duterte

The Philippine government is fast-tracking policies to stabilize food supply and ensure that households affected by COVID-19 will not be doubly affected by the increase in ...

Adoption of Drone Technology Rises in the Agriculture and Plantation Sector

Malaysia Digital Economy Cooperation (MDEC), the lead agency in driving the digital economy under the Ministry of Communications and Multimedia Malaysia, anticipates higher ...

Rapak Opens Packaging Facility in Thailand

DS Smith Rapak Thailand, an arm of UK listed  DS Smith Plastics, has opened a new facility in Chachoengsao, a province in south-central Thailand, east of Bangkok. The new ...

US Government Announces PHP 42 Million in Grants to Address Marine Plastic Pollution

The US government, through the US Agency for International Development (USAID)’s Clean Cities, Blue Ocean (CCBO) program, has awarded grants worth nearly PHP 42 million (USD ...

Japan’s MOS Burger Coming to Vietnam in 2021

Japan’s second-largest fast food franchise, MOS Burger, will open its first store in Ho Chi Minh City later in 2021. The company plans to set up a joint venture in the ...

Tariffs for ANZ Dairy Exports to Thailand Removed Progressively

Among South East Asian countries, Thailand is the largest producer and exporter of dairy products. In producing these items, Thailand is import-dependent for raw materials ...

Major Beer Maker, ThaiBev, Revives Plan for Blockbuster Singapore IPO

Thai beer and liquor giant, Thai Beverage (ThaiBev), plans to spin off and list its regional brewery unit, BeerCo, on the Singapore Exchange (SGX) mainboard. In a regulatory ...

Philippine Government Approves More Pork Imports

In light of the ongoing African Swine Fever (ASF) outbreak in the Philippines that has dramatically diminished the supply of pork for the domestic market, Philippine ...

US-based Tyson Foods Buys 49% Stake of MFM’s Poultry Business for MYR 420 million

US company Tyson Foods, Inc. has announced that it will acquire a 49% stake in the poultry segment of Malaysian food manufacturing company, Malayan Flour Mills Bhd ...

Taco Bell Opens its First Restaurant in Jakarta

Taco Bell – the world-renowned Mexican-inspired quick service restaurant (QSR) – officially opened its doors to the public in Indonesia on December 18, 2020, with the opening ...

Trade Agency Encourages US Firms to Invest in Electronics Manufacturing in the Philippines

During an electronics manufacturing services (EMS) webinar organized by the Philippine Trade and Investment Center, the Department of Trade and Industry (DTI) Secretary Ramon ...

San Miguel Gets 50-Year Franchise for Airport City Project in Bulacan as Bill Lapses into Law

San Miguel Corporation’s (SMC) subsidiary, San Miguel Aerocity Inc (SMAI), was granted a 50-year franchise to build, operate and maintain a domestic and international airport ...

Philippines Plans Start of Covid-19 Vaccine Rollout by End-February 2021

The Philippines government is planning to start the vaccination against COVID-19 for Filipinos by the third or fourth week of February. According to the country’s vaccine ...

Philippine Congress Encouraged to Pass Key Economic Bills

The Department of Trade and Industry (DTI) has called on the bicameral Congress to urgently sign the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, a ...

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