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
German Company Wins Contract to Supply Engines to the Indonesian Navy
A German company, MAN Energy Solutions, has won a contract from shipbuilder Abeking & Rasmussen to supply MAN 12V175D-MM engines for two mine-countermeasures vessels ...
Duterte Approves Acquisition of 15 Black Hawk Helicopters
President Rodrigo Duterte has approved the acquisition of 15 Black Hawk helicopters to slowly address the growing heavy-lift deficiency of the Armed Forces of the Philippines ...
Thailand Developing High-Tech Eastern Fruits Economic Corridor
To facilitate the trade of value-added agricultural projects, Thailand is going ahead with the THB 350 million (USD 11.5 million) Eastern Fruit Corridor project. In this ...
Singapore-MIT Alliance for Research and Technology (SMART) Develops Next-generation AgricultureTools
Researchers from the Singapore-MIT Alliance for Research and Technology (SMART) are exploring the development of engineered plant nanosensors and portable Raman spectroscopy. ...
New Opportunities for Vietnam Agricultural Exports
Vietnamese exports of agrifood products are expected to play an increasingly important role in the country's trade flows as a consequence of a series of recent ...
Indonesian Agriculture E-commerce Company Register More Than 600% Growth in 2020
TaniHub, an Indonesian e-commerce company that focuses on the supply and distribution of agricultural produce, registered an increase of more than 600% gross revenue growth ...
Increased Pork Imports at Lower Tariff May be Approved by Duterte
The Philippine government is fast-tracking policies to stabilize food supply and ensure that households affected by COVID-19 will not be doubly affected by the increase in ...
Adoption of Drone Technology Rises in the Agriculture and Plantation Sector
Malaysia Digital Economy Cooperation (MDEC), the lead agency in driving the digital economy under the Ministry of Communications and Multimedia Malaysia, anticipates higher ...
Rapak Opens Packaging Facility in Thailand
DS Smith Rapak Thailand, an arm of UK listed DS Smith Plastics, has opened a new facility in Chachoengsao, a province in south-central Thailand, east of Bangkok.
The new ...
US Government Announces PHP 42 Million in Grants to Address Marine Plastic Pollution
The US government, through the US Agency for International Development (USAID)’s Clean Cities, Blue Ocean (CCBO) program, has awarded grants worth nearly PHP 42 million (USD ...
Japan’s MOS Burger Coming to Vietnam in 2021
Japan’s second-largest fast food franchise, MOS Burger, will open its first store in Ho Chi Minh City later in 2021.
The company plans to set up a joint venture in the ...
Tariffs for ANZ Dairy Exports to Thailand Removed Progressively
Among South East Asian countries, Thailand is the largest producer and exporter of dairy products. In producing these items, Thailand is import-dependent for raw materials ...
Major Beer Maker, ThaiBev, Revives Plan for Blockbuster Singapore IPO
Thai beer and liquor giant, Thai Beverage (ThaiBev), plans to spin off and list its regional brewery unit, BeerCo, on the Singapore Exchange (SGX) mainboard. In a regulatory ...
Philippine Government Approves More Pork Imports
In light of the ongoing African Swine Fever (ASF) outbreak in the Philippines that has dramatically diminished the supply of pork for the domestic market, Philippine ...
US-based Tyson Foods Buys 49% Stake of MFM’s Poultry Business for MYR 420 million
US company Tyson Foods, Inc. has announced that it will acquire a 49% stake in the poultry segment of Malaysian food manufacturing company, Malayan Flour Mills Bhd ...
Taco Bell Opens its First Restaurant in Jakarta
Taco Bell – the world-renowned Mexican-inspired quick service restaurant (QSR) – officially opened its doors to the public in Indonesia on December 18, 2020, with the opening ...
Trade Agency Encourages US Firms to Invest in Electronics Manufacturing in the Philippines
During an electronics manufacturing services (EMS) webinar organized by the Philippine Trade and Investment Center, the Department of Trade and Industry (DTI) Secretary Ramon ...
San Miguel Gets 50-Year Franchise for Airport City Project in Bulacan as Bill Lapses into Law
San Miguel Corporation’s (SMC) subsidiary, San Miguel Aerocity Inc (SMAI), was granted a 50-year franchise to build, operate and maintain a domestic and international airport ...
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