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

Thailand Announces New Incentives for Semiconductor Manufacturing

Aug 2021 Thailand, Manufacturing

Thailand Board of Investment (BOI) has announced plans to promote investment in the manufacturing of semiconductors and related R&D activities, aiming to strengthen the ...

Thailand to Complete the Largest Rail Station in the Region

Aug 2021 Thailand, Infrastructure

The government of Thailand has just announced that the country is on track to open the largest rail station in Southeast Asia. The new Bang Sue Grand Station will open by the ...

Thailand to Test Retail Digital Currency in 2022

Aug 2021 Thailand, ICT

The Bank of Thailand has just announced that it plans to test its retail digital currency for the public in the second quarter of 2022 as an alternative payment option. The ...

Thailand Develops Robot Administering Covid-19 Vaccines

Aug 2021 Thailand, Healthcare

Researchers from Thailand's Chulalongkorn University have developed a machine to draw out Covid-19 vaccine doses more efficiently and optimize lower-than-expected. The new ...

PTT Pivots to Green Investments, Allocates USD 10 Billion

Aug 2021 Thailand, Environment

PTT, the Thai state-owned oil and gas giant whose sales account for about 10% of the nation’s economic output, has embarked on a series of investments worth billions of ...

Thai SOEs Invest over USD 3 Billion in Energy Infrastructure Projects

Aug 2021 Thailand, Energy

Thailand´s State Enterprise Policy Office has reported that the country’s state-owned enterprises (SOEs) have invested more than THB 100 billion (USD 3 billion) in energy ...

Thailand’s Economic Recovery Accelerates, Resumes FTA Negotiations with the EU

Aug 2021 Thailand, Economy

The baht has depreciated by 10.4% against the dollar so far in 2021, helping the Thai export sector. According to the president of the Thai National Shippers' Council, the ...

Thailand Awards Korea Aerospace USD 78 Million Contract for Trainer Jets

Aug 2021 Thailand, Defense/Aerospace

In August 2021, South Korea´s leading aerospace manufacturer Korea Aerospace Industries (KAI) announced that it had signed a USD 78 million agreement with Thailand for the ...

Thailand Planning Initiative to Upgrade Farming Efficiency

Aug 2021 Thailand, Agrifood

The Bank for Agriculture and Agricultural Cooperatives (BAAC) has announced plans to develop smart solutions for helping farmers increase production and efficiency. The bank ...

AImazing Launches Analytics Software to Improve Mall Management Through Data Based Decisions

Aug 2021 Singapore, Retail/FMCG

Retail-Tech startup AImazing has announced the launch of its retail-analytics data platform, aimed at allowing mall management and real-time data analytics without the need ...

Hyundai to Complete Singapore Electric Vehicle Plant in 2022

Aug 2021 Singapore, Manufacturing

Hyundai Motor Group will complete its sophisticated assembly plant in Singapore in 2022, where it will assemble, sell and export the Hyundai Ioniq 5 and the Hyundai Ioniq 3 ...

New Centralized Cooling System in Tampines

Aug 2021 Singapore, Infrastructure

As part of a project by Temasek Holdings and government-owned electricity and gas distribution company SP Group, seven buildings in Tampines – Central Tampines Mall, ...

Equinix Launches Fifth Data Center in Singapore

Aug 2021 Singapore, ICT

US-based data center operator Equinix has officially launched its fifth data center - named SG5 - at Tanjong Kling Data Centre Park. The launch marks the company's ...

Johnson & Johnson Vision to Develop Integrated Eye Health Ecosystem in Singapore

Aug 2021 Singapore, Healthcare

Johnson & Johnson Vision, the eye health unit of Johnson & Johnson Medical Devices Companies, will develop an integrated eye health ecosystem in Singapore that uses ...

NEA Establishes Green Financing Solutions

Aug 2021 Singapore, Environment

In mid-August 2021, the Singapore National Environment Agency announced the establishment of its SGD 3 billion Multicurrency Medium Term Note (MTN) Programme and Green Bond ...

Green Laws Proposed for Power Generation Companies to Reduce Singapore’s Carbon Footprint

Aug 2021 Singapore, Energy

The Energy Market Authority (EMA) of Singapore has proposed changes to the country’s Electricity Act, requiring power generation firms to improve the energy efficiency of ...

High Covid-19 Vaccination Rates Drive an Improved Growth Forecast of 6-7% in 2021 for Singapore

Aug 2021 Singapore, Economy

The Singapore Ministry of Trade and Industry (MTI) has upgraded its 2021 GDP growth forecast range from 4-6% to 6-7%, despite the continued global rise of Covid-19 cases due ...

Singapore to Consider Usage and Production of Sustainable Aviation Fuel (SAF)

Aug 2021 Singapore, Defense/Aerospace

The Singapore government and relevant industry players recently undertook a study to determine the feasibility of integrating sustainable aviation fuels (SAF) with ...

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