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

Foreign Players Target Vietnam’s Growing Retail Market

Vietnam boasts one of the most dynamic retail markets in the world. According to the General Statistics Office of Vietnam, the total retail sales of consumer goods and ...

Thailand Attracting Electric-Vehicle Manufacturers

The electric vehicles (EVs) sector is rapidly developing in Thailand, with a growing number of foreign players entering the market. The demand for EVs is expected to increase ...

Swedish Oatly Partners with Yeo’s for USD 30 Million Vegan Milk Factory in Singapore

Swedish oat milk producer Oatly and the Asian heritage beverage giant Yeo Hiap Seng (Yeo’s) have entered into a USD 30 million-worth long-term partnership to produce oat milk ...

South Korean SKC to Establish Copper Foil First Overseas Production Base in Malaysia

SKC Inc, the world’s largest producer of copper foil and part of South Korean conglomerate, SK Group is planning to spend USD 620 million to build its first overseas ...

Mitsubishi Corp Exploring Clean Fuel Ammonia Production in Central Sulawesi

Mitsubishi Corporation has entered into an agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC), Indonesia's PT Panca Amara Utama (PAU), and the Bandung ...

Foxconn and VinFast to Explore Partnership on Electric Vehicles

Foxconn, the world’s largest assembler of consumer electronics, has started discussions with Vingroup, the largest conglomerate in Vietnam, related to collaborating in the ...

Companies Planning to Open Vaccine Manufacturing Facilities in the Philippines

A number of companies are planning to establish vaccine manufacturing facilities in the Philippines in the next few years as the country continues its push to become "vaccine ...

Transportation Investment Identified as Key for Vietnam’s Economic Growth

Despite Vietnam’s spectacular economic growth, the country’s transportation infrastructure is still considered to be behind many other developing nations. The Vietnamese ...

Thailand to Unveil Mega Bridge Project, Advances Thai-China High-Speed Train Project

The Thai government will reveal the details of its planned Land Bridge between the Gulf of Thailand and the Andaman Sea in June, according to the Thai Transport Minister. The ...

Singapore Maritime Week 2021: New Frontiers, Shifting Paradigms

The 15th Singapore Maritime Week (SMW) 2021 will take place from 19 to 23 April 2021. The week-long event will bring together industry experts and thought leaders in the ...

Malaysia’s Mega Public Transportation Project MRT3 to Resume, Tender Bid Begins in August

Mass Rapid Transit Corporation Sdn Bhd (MRT Corp), a Malaysian government-owned public transportation company has announced that the tender bid exercise for the Mass Rapid ...

Germany Plans USD 2.98 Billion in Development Assistance for Green Infrastructure Projects

Under the German-Indonesian climate initiative, Germany has agreed to provide EUR 2.5 billion (USD 2.98 billion) in loans to fund Indonesian infrastructure projects within ...

DPWH Begins Planning and Design Work on Three Infra Projects

The Department of Public Works and Highways in Central Visayas (DPWH-7) has begun the Detailed Engineering Design (DED) process for three major infrastructure projects in ...

Digital Service Consumers Market Booming in Vietnam

In 2020 Vietnam recorded the highest rate of new digital service consumers among South East Asia countries. According to a report published by Google, and Temasek and Bain ...

Tencent Cloud Launches First Data Center in Indonesia

Chinese cloud service provider Tencent Cloud has opened a new data center in Indonesia to tap the growing demand for cloud computing services in South East Asia's biggest ...

ST Telemedia to Complete Eighth Data Center by 2022 in Singapore

Headquartered in Singapore, ST Telemedia Global Data Centres (STT GDC) is set to complete the construction of its eighth data center facility, STT Defu 3, at its flagship ...

NTT Launches Bangkok 2 Data Center as International Network Exchange Hub

Global technology services company NTT, in partnership with Japan Network Access Point (JPNAP) and Bangkok Neutral Internet eXchange (BKNIX), has unveiled its new Bangkok 2 ...

Microsoft to Spend USD 1 Billion on First Data Center Region in Malaysia

Tech giant Microsoft Corporation has announced USD 1 billion investment in Malaysia under a new partnership program with the government agencies and local companies to ...

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