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

New SGD 60 Million Fund to Support Transformation and Growth of Agri-Food Sector

Mar 2021 Singapore, Agrifood

The Singapore Food Agency (SFA) is establishing an SGD 60 million (USD 44.7 million) Agri-Food Cluster Transformation (ACT) Fund to support the transformation of the ...

Ministry of Agriculture Inks MoU with Microsoft for Digital Solutions

Mar 2021 Indonesia, Agrifood

The Indonesian Ministry of Agriculture recently signed an agreement with Microsoft to provide smallholder farmers with technology-oriented solutions such as cloud-based ...

Flores Island Water Management System to be Upgraded

Feb 2021 Indonesia, Environment

The Indonesian Ministry of Public Housing, in collaboration with the Korean Ministry of Environment, has launched a pilot project to upgrade the Flores Island water ...

Vinamilk’s Dairy Exports to China Take Off

Feb 2021 Vietnam, Retail/FMCG

Vietnamese dairy giant Vinamilk successfully exported ten containers of high-quality plant-based milk during the opening weeks of 2021, including almond and red bean soymilk, ...

Thailand Achieves Over USD 16 billion in Local and Foreign Investment in 2020

Feb 2021 Thailand, Retail/FMCG

The Thailand Board of Investment (BOI) has revealed that in 2020 the country received a total of 1,717 applications from both local and foreign investors, representing a ...

Regional O+O Partnership Launched by Grab and AS Watson

Feb 2021 Singapore, Retail/FMCG

Grab, South East Asia's largest mobile technology company, and AS Watson, the world's largest international health and beauty retailer, will collaborate across multiple ...

Indonesia’s Food Delivery Market Ranks First in the Region

Feb 2021 Indonesia, Retail/FMCG

In 2020, Indonesia’s food delivery service accounted for USD 3.7 billion in Gross Merchandise Value (GMV), making it the largest market in the region. Overall, the region’s ...

IKEA to Open its Largest Store in the World in Manila by Q3/Q4 2021

Feb 2021 Philippines, Retail/FMCG

Swedish furniture giant IKEA is on track to open its largest store in the world in Manila in the 3rd or 4th quarter of 2021. Towards the end of February 2021, it had already ...

FGV Introduces New Plant-Based Industrial Products to Expand its Brand in Asia Pacific

Feb 2021 Malaysia, Retail/FMCG

FGV Holdings Berhad (FGV), Malaysia’s plantation and food conglomerate through its subsidiary firm Delima Oil Products Sdn Bhd (DOPSB) is planning to expand its downstream ...

Sunway Medical Center Introduces Telemedicine Command Center

Feb 2021 Malaysia, Healthcare

Sunway Medical Centre, a leading private tertiary hospital in Malaysia has officially established a Command Center for Telemedicine Services which will serve as the focal ...

Singapore-based Thomson X Enters Strategic Partnership with Eye Healthtech Startup Plano

Feb 2021 Singapore, Healthcare

Thomson X, a wholly-owned subsidiary of the Thomson Medical Group (TMG), entered into a strategic partnership with Singapore-based healthtech startup Plano. The partnership ...

PEZA Opens First Pharma Ecozone in Bulacan

Feb 2021 Philippines, Healthcare

The Philippine Economic Zone Authority (PEZA) has officially granted Philstar Marketing Development, Inc. registration as a developer and operator of its First Bulacan ...

New Joint Venture for Production and Distribution of Covid-19 Test Platform

Feb 2021 Indonesia, Healthcare

Achiko AG and PT Indonesia Farma Medis (PIFM) have established a new joint venture called PT Achiko Medika Indonesia. PFIM and Achiko will jointly manufacture and assemble ...

Japan’s Healthcare Firms Expand Footprint in Vietnam

Feb 2021 Vietnam, Healthcare

According to the Japan External Trade Organization (JETRO), Japanese companies operating in the healthcare sector are increasing their presence in Vietnam through both ...

Siriraj Hospital Implementing NTT and Cisco’s Telemedicine Solutions for Stroke Patients

Feb 2021 Thailand, Healthcare

Global technology services provider companies NTT and Cisco commenced a partnership with one of the biggest public hospitals in Thailand, Siriraj Hospital, to implement ...

Thailand Eyes Significant Electric Vehicles Expansion by 2030

Feb 2021 Thailand, Manufacturing

To address worsening air pollution, Thailand has set a target for electric vehicles (EVs) to account for 30% of car production by the end of the decade. The 30% target will ...

Tesla Looking to Build Car Battery Plant in Indonesia

Feb 2021 Indonesia, Manufacturing

It has been reported that the government of Indonesia has received an investment proposal from Tesla for a potential car battery plant and energy storage system. Tesla ...

Philippines Aims to Become PPE Manufacturing Hub in Asia

Feb 2021 Philippines, Manufacturing

The Philippine government, through its lead investment promotion arm, the Board of Investments (BOI), is wooing Japanese manufacturers to turn the Philippines into their ...

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