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 Launches Smart Drone Project for Rural Communities

The Bangkok Post recently reported that Thailand’s Digital Economy and Society (DES) Ministry intends to commence a drone project for communities nationwide with the goal of ...

Thailand’s Airbus Satellite Successfully Launched

The Airbus-built THEOS-2 Earth observation satellite has been successfully launched on a Vega rocket from Kourou, Europe’s spaceport in French Guiana. The Geo-Informatics and ...

Thailand’s Eastern Economic Corridor Sets New Investment Targets

The Eastern Economic Corridor (EEC), a special economic zone in Thailand, has set a new investment target of THB 500 billion (USD 13.7 billion) over the next five years. The ...

Thai Real Estate and Retail Developer Aims to Achieve 100% Renewable Energy By 2030

The renowned Thai real estate and retail developer Siam Piwat Group has set new sustainability goals, aiming to power its operations with clean energy, advance its 360° waste ...

Thai Company Secures Purchase Agreements for 15 Ground-Mounted Solar Projects

Thai clean energy specialist Absolute Clean Energy Public Company Limited (ACE), has recently secured Power Purchase Agreements (PPAs) from Thailand’s Provincial Electricity ...

AstraZeneca to Partner with Thai Agency for Digital Healthcare Innovation

Thailand’s Digital Economy Promotion Agency (depa) and AstraZeneca Thailand just strengthened their partnership aimed at promoting the adoption of digital healthcare ...

South Korean Mobile Carrier Enters Thailand Large Language Model Sector

It has recently been announced that one South Korea’s leading mobile carriers, KY Copr., will soon enter the large language model (LLM) sector in Southeast Asia by exporting ...

International Finance Corporation to Support Thailand’s Water Sector

The International Finance Corporation (IFC) and Thailand’s Ministry of Interior have signed a memorandum of understanding (MoU) to help strengthen the Southeast Asian ...

Italian Bicycle Tire Manufacturer Opens Green Factory in Thailand

Italian bicycle tire manufacturer Vittoria just announced the opening of a new factory in Thailand dedicated to the production of cotton tubular and clincher bicycle ...

Thai Retail Giants Compete for Warehouse Store Market

Thai giant Central Group is reportedly defending its status as the country’s retail leader with an expansion into warehouse food stores, challenging its competitor ...

Number of Foreign Franchise Brands in the Philippines Growing

The Philippines, considered one of the largest franchise markets in Southeast Asia, expects more international franchise brands to enter the market. This is according to the ...

Iloilo City Taps Private Firm to Turn Plastic Into Fuel

The Iloilo City government has entered into an agreement with a supplier of construction materials to turn waste materials into fuel. City Environment and Natural Resources ...

TotalEnergies ENEOS Signs Largest Solar Rooftop Project in the Philippines

Singapore-based TotalEnergies ENEOS has signed a 10-year agreement with Real Steel Corporation (RSC), a leading steel manufacturer, to provide a 16.8 megawatt-peak (MWp) ...

The EU Inks USD 65 Million Financing Deal for the Green Economy Program with Philippines

The European Union (EU) Commission stated that the EUR 60 million (USD 65 million) Financing Agreement aims to assist the Philippines in renewing its economy. This includes ...

NEDA to Strengthen the Dialysis Center at the Baguio General Hospital and Medical Center

The National Economic and Development Authority (NEDA) approved to strengthening the dialysis center in the biggest state-run tertiary hospital in the Cordillera ...

US and Philippine Firms Explore Partnership in the 1st US Agricultural Technology Trade Mission to the Philippines

The US government, through the US Commercial Service, sent its first Agricultural Technology Trade Mission to Davao City and Manila to explore trade and investment ...

Unilever Philippines Scales Personal Care Production By 15% with Powerhouse Factory

Unilever Philippines has opened a production powerhouse in Cavite for its Beauty & Wellbeing and Personal Care businesses. The EUR 80 million (USD 86.8 million) ...

Philippines’ Naval Aviation Unit Bares Modernization Plans

The Philippine Navy’s Aerial Unit disclosed modernization plans on its anniversary, including a move towards the procurement of new assets, in view of the growing ...

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