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

Clothing Brand Uniqlo to Open 5 New Stores in Singapore in 2022

Mar 2022 Singapore, Retail/FMCG

Uniqlo has announced plans to open 5 new stores and refresh 2 of its existing stores in 2022, expanding its footprint to 31 stores island-wide. This move likely comes due to ...

Canada’s Eclipse Automation to Establish Its First Asia-based Manufacturing Facility in Malaysia

Mar 2022 Malaysia, Manufacturing

Malaysian Investment Development Authority (MIDA) has announced that Eclipse Automation Inc will open its first Asian manufacturing facility in Batu Kawan, Penang. Malaysia ...

AllDay Presents First Supermarket Smart Carts in the Philippines

Mar 2022 Philippines, Retail/FMCG

AllDay Supermarket, one of the fastest-growing supermarkets in the Philippines and a retail arm of conglomerate Villar Group of Companies, has launched “smart carts” in its ...

Ajinomoto to Reduce GHG Emissions Through Solar Power Factory Partnership with Spectrum

Mar 2022 Philippines, Environment

Ajinomoto Philippines Corporation (APC) Group which is the Philippine subsidiary of global food company Ajinomoto Group, and Meralco-owned solar company Spectrum, have signed ...

USD 238 Million Renewable Energy Industrial Complex to be Established in Sabah

Mar 2022 Malaysia, Environment

Suria Capital Holdings Bhd, a Sabah-based investment holding and property development company, has formed a partnership with trading firm Vandelay Ventures Sdn Bhd to develop ...

Projects Approved for Pre-feasibility Studies under the German-Indonesian Green Infrastructure Initiative

Mar 2022 Indonesia, Infrastructure

It has been revealed that 15 projects have been approved for pre-feasibility studies within the framework of the German-Indonesian Green Infrastructure Initiative (GII). The ...

Singapore Hospital Uses Smart Glass Device to Complement Telemedicine Services

Feb 2022 Singapore, Healthcare

Alexander Hospital is the first healthcare institution in Singapore and Asia Pacific to use Google Glass headsets, a wearable technology that provides doctors with real-time ...

Singapore Welcomes World’s First LNG-fuelled Newcastlemax Bulk Carrier for Bunkering

Feb 2022 Singapore, Environment

In February 2022, Australia’s multinational mining, metals and petroleum public company, BHP, welcomed the world’s first LNG-fuelled Newcastlemax bulk carrier, arrived in ...

Singapore to Develop its 1st High-tech Rainbow Trout Farm Using Danish Technology

Feb 2022 Singapore, Agrifood

Singapore plans to produce 30% of its local production by 2030. In this context, shrimp aquaculture technology specialist, Blue Aqua, recently announced that it will be ...

Thaigroup to Invest in Space Tourism in Vietnam

Feb 2022 Vietnam, Defense/Aerospace

Thaigroup, through its subsidiary ThaiSpace, is seeking to invest VND 30 trillion (USD 1.3 billion) into a tourism spaceport project in Phu Quoc City in Kien Giang Province. ...

Vietnam’s Construction Sector Set to Recover in 2022

Feb 2022 Vietnam, Infrastructure

Vietnam's construction industry is set to continue its recovery in 2022 as several large-scale infrastructure projects move through different stages of development. According ...

Prospects for FDI Attraction Bright in 2022

Feb 2022 Vietnam, Economy

According to the Da tu (Investment) newspaper, Vietnam expects foreign direct investment (FDI) to increase in 2022 and subsequent years, with positive signals seen as early ...

Vietnam Supports the Growth of Marine Aquaculture

Feb 2022 Vietnam, Agrifood

The Vietnamese government is encouraging greater investment in the country’s marine aquaculture sector. The country’s marine aquaculture output has increased by 20% every ...

Toto to Invest in a New Faucets Factory in Vietnam

Feb 2022 Vietnam, Manufacturing

Toto Ltd. has announced that it will build a new factory for faucets in northern Vietnam to meet growing global demand. Toto will invest about JPY 10 billion (USD 86.9 ...

Vietnam Nears Completion of Waste-to-energy Plant, the World’s 2nd Largest

Feb 2022 Vietnam, Energy

It has been recently reported that work on the first phase for the construction of the Soc Son Waste-to-Energy Plant is approaching completion. The plant is located next to ...

Ho Chi Minh City to Implement E-Transportation

Feb 2022 Vietnam, Environment

Rapid urbanization and economic development have placed enormous pressure on Ho Chi Minh City to meet people's needs while minimizing negative environmental impacts. To ...

Investments Flow into Medical Start-ups

Feb 2022 Vietnam, Healthcare

Over the past two years, the Covid-19 pandemic has spurred capital inflow into Vietnamese start-ups operating in the medical technology, medicine, and healthcare ...

Vietnam a Potential Market for Luxury Brands

Feb 2022 Vietnam, Retail/FMCG

Vietnam has a huge potential to become a new destination for luxury brands in the near future. The country’s rising high-income consumers are the main attribute to the ...

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