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
Construction of Tacloban Airport Terminal Phase 3 Set to Begin
The Department of Public Works and Highways (DPWH) is set to commence the PHP 1.5 billion (USD 26.4 million) third phase of the new passenger terminal at Daniel Z. Romualdez ...
Mober Launches EV Delivery and Warehousing Services in Cebu
Mober, a leader in green logistics in the Philippines, has introduced sustainable delivery services in Cebu to support Ikea Philippines’ regional expansion. Utilizing a ...
Thailand Emerging as Leader for Plant-based Food
Thailand is positioning itself as a leading global supplier of high-protein plant-based ingredients, reflecting the rising global demand for plant-based foods driven by ...
Thailand’s Central Food Retail Reveals Aggressive Expansion Plan
Central Food Retail has announced an ambitious expansion plan to dominate Thailand’s food retail sector by reaching 1,000 stores by 2027. This strategy was detailed by ...
B.Grimm Becomes Thailand’s First Private Company to Imports LNG Cargo
Thailand’s B.Grimm Power has successfully imported its first liquefied natural gas (LNG) cargo, amounting to 65,000 tonnes, becoming the first private company in the ...
Western Digital Invests USD 693 Million in Thailand
Thailand has approved Western Digital’s investment project valued at THB 23.5 billion (approximately USD 693 million), marking a significant development in the ...
Thailand Post Transitions to Digital Logistics Solutions
Thailand Post Co Ltd is transitioning into an information logistics provider as part of its digital transformation strategy. The company plans to offer comprehensive digital ...
Leading Thai Logistic Company to Invest in AI for Green Solutions
WHA Corporation, Thailand’s leading developer of built-to-suit logistics facilities, is increasing its investment in artificial intelligence (AI) to enhance its green ...
South Korean Company Signs Agreement to Distribute Medical AI Solutions to Thailand
South Korea’s Heuron has signed a distribution agreement to deliver its medical AI solutions to Thailand. The agreement involves a partnership with Medhealth ...
Thailand’s New Public Sector Energy-saving Plan Targets to Save 585 Million kWh
The Thai government is launching an energy-saving program targeting public sector agencies to reduce the country’s overall energy consumption. The initiative, managed ...
Thailand Introduces New Incentives for Auto Parts Joint Ventures
Thailand has introduced a new incentive program to encourage joint ventures (JVs) between Thai and foreign companies in the automotive parts manufacturing sector. This ...
South Korea’s KAI to Launch MRO Center for T-50TH Aircraft in Thailand
In August 2024, Korea Aerospace Industries (KAI) of South Korea and Thai Aviation Industries (TAI) of Thailand signed a Memorandum of Understanding (MoU) to enhance ...
American and Indonesian Companies Collaborate to Enhance Digital Healthcare in Indonesia
US-based data management company InterSystems has partnered with Indonesian electronic medical record (EMR) provider Zi.Care to deliver services through the InterSystems IRIS ...
Indonesian Telco Indosat and Huawei Complete Core Network Consolidation to Enhance Mobile Communication
Indosat Ooredoo Hutchison has completed a core network consolidation project in Jakarta in collaboration with Huawei, a global ICT solution provider. This project aims to ...
Finnish Company Supports Indonesia Enhancing Airport Weather Safety
Finnish measurement technology company Vaisala has signed a EUR 25 million contract (approximately USD 27 million) with Indonesia’s Agency for Meteorology, Climatology, ...
MINISO Opens Largest Store in Jakarta Amidst Booming Indonesian Retail Market
MINISO is set to open its largest store, MINISO Land, at Jakarta’s Central Park Mall. This new flagship location will be the biggest of its 6,600 stores globally, ...
Vietnamese EV Manufacturer Launches First Assembly Plant in Indonesia
VinFast, Vietnam’s leading electric vehicle (EV) manufacturer, held a groundbreaking ceremony on July 15, 2024, for its first assembly plant in Subang, West Java. The ...
Evonik Expands Production Capacity for DL-methionine in Singapore
Evonik’s recent expansion of its methionine production facility on Jurong Island adds 40,000 tonnes to its annual output, bringing the total capacity to 340,000 tonnes per ...
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