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 Firm to Develop Smart Grid for PTT in Thailand

Mar 2020 Thailand, ICT

Envision Digital International Pte Ltd (Envision) has been chosen to develop the first smart grid for Thai state-owned oil and gas company, PTT Public Company (PTT). The ...

Semi-Solid Lithium-ion Battery Manufacturing Facility to be Built in Thailand

Mar 2020 Thailand, Manufacturing

Thailand-based Energy company Global Power Synergy Plc (GPSC) is building a USD 35.2 million battery cell plant in the country. The initial Manufacturing capacity will be 30 ...

Royal Thai Air Force Orders H135 Helicopters for Training Mission

Mar 2020 Thailand, Defense/Aerospace

As part of its pilot training enhancement programme, the Royal Thai Air Force (RTAF) has signed an order for six H135 military training helicopters from Airbus Helicopters. ...

EU-ASEAN Business Delegation Meet with Thailand’s Prime Minister

Mar 2020 Thailand, Economy

On 17 February 2020, the EU-ASEAN Business Council (EU-ABC) organized a trade & investment mission, comprising of representatives from over 30 European companies and ...

Charoen Pokphand Group to Acquire Tesco’s Thai and Malaysian Operations

Mar 2020 Thailand, Retail/FMCG

On March 9, 2020, CP Group, Thailand's biggest agribusiness conglomerate, reached an agreement with British grocery chain Tesco to purchase its businesses in Thailand and ...

Bangkok to Build Railway Linking China and Singapore

Mar 2020 Thailand, Infrastructure

The Government of Thailand has committed to spending more than USD 21 billion to expand Bangkok's rail network linking Thailand to other countries such as China and ...

Singapore Launches New Central Body for Coordinating Community Sustainability Initiatives

Mar 2020 Singapore, Environment

The Ministry of the Environment and Water Resources (MEWR) in Singapore has set up a new SG Eco Office, which will serve as the central body driving and coordinating ...

Singapore Government Announces SGD 55 Billion Package to Counter COVID-19 Impact

Mar 2020 Singapore, Economy

On 26 March, the Singapore government announced an additional stimulus package of SGD 48 billion (USD 33.6 billion), on top of SGD 6.4 billion (USD 4.5 billion) announced in ...

Singapore Based Banking-As-A-Service Provider Invests in E-Commerce Enabler

Mar 2020 Singapore, Retail/FMCG

Singapore-based fintech company, MatchMove announced that it is making a strategic investment an agreement with local e-commerce enabler Shopmatic. This investment will ...

Singapore Association of Aerospace Industries Partners with Startup Accelerator Starburst

Mar 2020 Singapore, Defense/Aerospace

The Association of Aerospace Industries Singapore (AAIS) signed a Memorandum of Understanding (MOU) with global aerospace startup accelerator, Starburst, to develop the ...

Paper Launched on Sustainable Financing for Healthcare in ASEAN

Mar 2020 Singapore, Healthcare

The EU-ASEAN Business Council, KPMG in Singapore and SANOFI have joined hands to launch a paper on sustainable financing for healthcare in ASEAN on 9 March 2020. The report ...

Infrastructure Asia and Denmark’s Danida Sustainable Infrastructure Finance Sign MOU

Mar 2020 Singapore, Infrastructure

Singapore’s Infrastructure Asia and Denmark’s Danida Sustainable Infrastructure Finance signed a Memorandum of Understanding (MOU) on 26 February 2020 to boost the financing ...

Hong Kong-based AMTD Digital Acquires Controlling Stake in Singapore Insurtech Firm

Mar 2020 Singapore, ICT

AMTD Digital, the one-stop digital finance platform arm of AMTD Group, a Hong Kong-headquartered financial institution, announced on 17 March that it will acquire a ...

ExxonMobil Deploying New Technology at Singapore Refining and Petrochemical Complex

Mar 2020 Singapore, Manufacturing

ExxonMobil is embarking on a multi-billion-dollar expansion of its Jurong Island refining and petrochemical complex in Singapore to increase its production capacity for ...

Boustead Partners with Sunseap for Rooftop Solar Installations

Mar 2020 Singapore, Energy

Leading Singaporean solar firm, Sunseap Group, announced a partnership on 20 February 2020 with Boustead Projects for the potential installation of rooftop industrial solar ...

The Philippines Mulls Bringing Nuclear Power in the Country’s Energy Mix

Mar 2020 Philippines, Energy

According to media reports, the Philippine’s Energy Secretary is seeking approval of a proposed executive order (EO) that will include nuclear power in the country’s Energy ...

Republic Cement, Nestle Philippines Expand Green Cooperation

Mar 2020 Philippines, Environment

Republic Cement and Nestlé Philippines announced that they have expanded their partnership which started in 2019 on reducing plastic waste. In 2019, Nestle Philippines which ...

Pioneering Mercury-free Gold Processing Facility in Northern Mindanao Launched

Mar 2020 Philippines, Manufacturing

The Secretary of the Philippine Department of Science and Technology (DOST-Philippines) Fortunato de la Pena recently led the inauguration of a common service facility (CSF) ...

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