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
Thaliand Advances Trade Agreeements, Seeks to Finalize Deal with EFTA
Thailand aims to finalize the Thailand-EFTA Free Trade Agreement, marking its first Free Trade Agreement (FTA) with European nations. The agreement, involving Iceland, ...
Lockheed Martin and Saab Compete for Thailand’s Defence Procurement
Lockheed Martin has introduced an industrial participation proposal for its F-16 Block 70/72, aimed at securing Thailand’s future fighter jet program. The defense company ...
Thailand Urged to Consider Small Modular Nuclear Power Plants to Support Data Centers
The International Chamber of Commerce recommends Thailand establish small modular nuclear power plants to support data center operations and reduce electricity costs. The ...
Thailand to Assess Feasibility of New Energy Storage System
The Provincial Electricity Authority (PEA) of Thailand will explore the feasibility of energy storage business models in collaboration with Nuovo Plus, a subsidiary of ...
Thailand’s Durian Industry Thrives Thanks to Exports to China
Many of Thailand’s durian farmers and exporters have become millionaires by capitalizing on the opportunities presented by China’s demand for the fruit.
Apichet ...
Bangkok Hospital Allocates USD 5.45 Million for Advanced Robotic Surgery Center
Bangkok Hospital has allocated over THB 200 million (USD 5.45 million) to establish an advanced robotic surgery center. This new facility, equipped with multiple operating ...
Port Authority of Thailand Launches strategy to Enhance Sustainability and Efficiency
The Port Authority of Thailand (PAT) recently introduced a development strategy focused on enhancing sustainability and community well-being through advanced technology and ...
Thailand Set to Become a Leading Data Center Player
Thailand is intensifying efforts to become a major hub for data centers, attracting both local and international tech companies amid the global surge in artificial ...
French Auto Parts Specialist Forvia Opens Plant in Thailand
BYD and French auto parts group Forvia have inaugurated a seat assembly plant in Thailand to support local production. The seat plant, which began operations in July 2024, ...
Thailand’s Alternative Milk Market Grows, Attracts Singaporean Company
Thailand’s alternative milk sector is poised for further growth, spurred by a health trend among younger consumers. Kasikorn Research Center predicts that the ...
EU and Singapore Finalize Landmark Digital Trade Agreement
The European Union (EU) and Singapore have successfully concluded negotiations for the EU-Singapore Digital Trade Agreement (EUSDTA) on 25th July 2024 in Brussels. This ...
Changi Airport Nears Pre-Pandemic Recovery with Strong Growth in Passenger and Cargo Movements
Singapore Changi Airport experienced robust growth in passenger and aircraft movements from April to June 2024, handling 16.5 million passengers, a 13.4% increase ...
SMRT Expands Themed Retail Concepts at MRT Stations with Health and Wellness Focus
SMRT, Singapore’s leading public transport operator, has introduced a new themed retail concept at Dhoby Ghaut MRT station, known as Staytion Lifestyle Centre. This ...
Singapore Approves Insect Species for Human Consumption and Animal Feed Under New Regulatory Framework
The Singapore Food Agency (SFA) has recently approved 16 insect species for human consumption and animal feed, marking a significant step forward in the country’s food ...
Seche Environnement Acquires Singapore’s Leading Hazardous Waste Company, ECO Industrial Environmental Engineering
French industrial group Seche Environnement has reached an agreement to acquire Singapore’s ECO Industrial Environmental Engineering for approximately SGD 605 million (USD ...
Strategic Infrastructure Enhancements and Key Tenders Issued by Singapore’s PSA and LTA
Singapore’s Land Transport Authority (LTA) has announced plans to enhance the road network in Tuas South, with construction set to begin in 2025. These developments are part ...
Pfizer Opens High-tech Facility in Singapore for Drug Ingredient Production
Pfizer has expanded its manufacturing capabilities in Singapore with an SGD 1 billion (USD 0.77 billion) extension at its Tuas facility, focusing on the production of active ...
Singapore Launches International Collaboration on Decarbonization with CREATE Program
The National Research Foundation (NRF) has launched a new Decarbonization Program under the Campus for Research Excellence and Technological Enterprise (CREATE) initiative, ...
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