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

ADB Forecasts Strong Economic Growth for Vietnam Despite Covid-19

May 2021 Vietnam, Economy

Thanks to effective measures taken to contain the Covid-19 pandemic, Vietnam's gross domestic product (GDP) grew by 2.9% in 2020, one of the highest growth rates globally. ...

Triumph Aviation Services Asia to Collaborate with Thai Aviation Industries

May 2021 Thailand, Defense/Aerospace

Triumph Aviation Services Asia (TASA), a subsidiary of Triumph Group headquartered in Pennsylvania, has entered into an MoU with Thai Aviation Industries (TAI), a certified ...

Malaysia Airports to Continue with Subang Airport’s Regeneration Project worth USD 314 Million

May 2021 Malaysia, Defense/Aerospace

As part of ongoing efforts to develop Subang Airport (SZB) into an aviation hub in the Asia-Pacific region, Malaysia Airports Holdings Bhd (MAHB), one of the world’s largest ...

German and Turkish Companies Engaged to Customize Frigate Design for Indonesian Navy

May 2021 Indonesia, Defense/Aerospace

Indonesia, the world's largest archipelagic nation, is looking to renew and increase the strength of its naval arsenal. Indonesian state-owned shipbuilder PT PAL has engaged ...

Ecozone Authority Pushes for the Establishment of Defense Industrial Hubs in the Philippines

May 2021 Philippines, Defense/Aerospace

The Philippine Economic Zone Authority (PEZA), a state agency tasked to promote investments in export manufacturing in the country, is eager to turn the country's military ...

Bamboo Airways to Launch Direct Flights to the United States

May 2021 Vietnam, Defense/Aerospace

Bamboo Airways, a hybrid carrier launched by Vietnamese construction company FLC Group, has acquired slots to operate regularly scheduled nonstop flights between Vietnam and ...

Aerospace Logistics Company B&H Worldwide Doubles Size of Operation in Singapore

May 2021 Singapore, Defense/Aerospace

Aerospace logistics company B&H Worldwide is doubling the size of its operation in Singapore. The new facility covers 28,000 sq ft and is located adjacent to its existing ...

Vietnam Targets USD 10 billion Fruit and Vegetable Exports by 2030

May 2021 Vietnam, Agrifood

Despite Covid-19's impact in the first quarter of 2021, Vietnam's fruit and vegetable exports value showed positive growth of 6.1% year-on-year, reaching USD 944 million. In ...

The Philippines Approves Two Syngenta Products for Drone Use

May 2021 Philippines, Agrifood

The Fertilizer and Pesticide Authority (FPA) under the Department of Agriculture has given conditional registration to two products of Syngenta Philippines, namely the Alika ...

Singapore Launches Future Ready Food Safety Hub (FRESH)

May 2021 Singapore, Agrifood

Singapore's Future Ready Food Safety Hub (FRESH) was jointly launched by Nanyang Technological University (NTU Singapore), Singapore Food Agency (SFA), and the Agency for ...

Kerry Group to Invest EUR 30 Million in Manufacturing Facility in Indonesia

May 2021 Indonesia, Agrifood

Irish taste and nutrition company Kerry Group has announced plans to invest EUR 30 million (USD 36.2 million) to build a manufacturing facility in Karawang, Indonesia. ...

BlueNalu Partners with Mitsubishi and Thai Union for Cell-cultured Seafood

May 2021 Thailand, Agrifood

BlueNalu, a California-based company that develops cell-cultured seafood products, has announced the signing of two different memorandums of understanding (MoU) with ...

AirAsia Group Berhad’s B2B Platform, MAFI Aspire to Help More Malaysian Farmers

May 2021 Malaysia, Agrifood

AirAsia Group Bhd’s business-to-business (B2B) e-commerce platform, airasia farm, as well as the Ministry of Agriculture and Food Industries (MAFI) and several other ...

Sony Pictures to Open the World’s First Columbia Pictures Theme and Waterpark in Thailand

Apr 2021 Thailand, Retail/FMCG

Sony Pictures Entertainment has teamed up with Thai company Amazon Falls to set up a 14-acre (5.66 ha) amusement park called Aquaverse based on its Columbia Pictures ...

Shopee, SkillsFuture Singapore Teams Up to Help SMEs Build E-Commerce Capabilities

Apr 2021 Singapore, Retail/FMCG

South East Asia's leading e-commerce platform Shopee has partnered with SkillsFuture Singapore (SSG) through the SkillsFuture Queen Bee program to help small and medium-sized ...

Philippines Office Space Demand Rises 22.5% in First Quarter of 2021: LPC

Apr 2021 Philippines, Retail/FMCG

The Philippines office market registered positive growth as demand rose by 22.5% in the first quarter of 2021 on account of optimism on post-pandemic economic recovery, ...

Indonesian Social Commerce Startups Bag Fresh Funding

Apr 2021 Indonesia, Retail/FMCG

Indonesia-based social commerce startup KitaBeli has raised USD 10 million Series A funding to expand operations into the Indonesian island of Java and tier 2—4 cities. The ...

Halal Food Delivery App Ode Jee Plans to Expand Services Nationwide

Apr 2021 Malaysia, Retail/FMCG

Malaysian halal food delivery start-up Ode Jee is looking to expand its services nationwide by the end of the year. The company started operating in Johor state in ...

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