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
Vietnam’s Solar Market Sees New Projects and Acquisition Deals
Vietnam has great potential for solar power development, and its solar market is growing at a remarkable rate. With less than 10 MW of operational solar power capacity in ...
Singapore’s First Smart LNG Bunkering Vessel to Function as Test Bed for Digital Innovation
In early January 2021, Singapore received its first Liquefied Natural Gas (LNG) bunkering vessel from Keppel Offshore & Marine (Keppel O&M), the world’s first smart ...
PTT Exploration and Production (PTTEP) Expands its Activities in Myanmar and UAE
PTT Exploration and Production (PTTEP), a unit of Thailand's state-owned energy conglomerate PTT, recently received exclusive development rights from the Myanmar government ...
PT PJBI and Masdar Agree on Indonesia’s First Floating PV Project
PT PJBI, a subsidiary of Indonesia’s state electricity company PT PLN (Persero) and Masdar, one of the world’s leading renewable energy companies, have established a joint ...
Major Milestones of Solar Energy Market in Malaysia
Malaysia is achieving key milestones in developing the solar energy market. Malaysian Energy and Natural Resources Ministry (KeTSA) has introduced its new Net Energy Metering ...
UK – Singapore Free Trade Agreement Comes into Force
A new trade agreement between Singapore and the United Kingdom, the United Kingdom – Singapore Free Trade Agreement (UKSFTA), has officially come into force as of 1 Jan 2021, ...
UK and Vietnam Conclude UK – Vietnam Free Trade Agreement (UKVFTA)
In December 2020, the UK and Vietnam officially signed the UK Vietnam Free Trade Agreement (UKVFTA). Under the UKVFTA, the UK will first eliminate 65% of tariffs, moving up ...
Sarawak, Sabah Received the Highest Investment in Manufacturing Sector
According to the UOB Global Economics and Markets Research, the state of Sarawak in East Malaysia has attracted the highest investments of MYR 15.8 billion (USD 3.9 billion) ...
Indonesia Signs Trade Agreement with South Korea
Indonesia is expected to see positive economic growth in 2021, after undergoing its first recession in two decades in the third quarter of 2020 due to the COVID-19 pandemic. ...
Companies Invest in Thailand’s Bio-Circular-Green Economy
According to the data collected by the Thailand Board of Investment (BOI), within the first nine months of 2020, local and international companies invested 1.7 billion USD in ...
Vietnam Starts Building New Airport for Ho Chi Minh City
On 6 January 2021, Vietnamese Prime Minister Nguyen Xuan Phuc presided over Long Thanh International Airport's groundbreaking ceremony. Located about an hour and a half from ...
South Africa’s ExecuJet MRO Services Plans for Expansion in Malaysia
ExecuJet MRO Services, an international aviation services provider based in Johannesburg, has announced its latest expansion plan at its Subang Airport facility to cater to ...
Indonesia to Strengthen Underwater Security
Following the recent discovery of an Unmanned Underwater Vehicle (UUV) near Selayar Island in South Sulawesi, Indonesia looks to strengthen its underwater security and ...
Bangkok-based mu Space Building Spaceship in 2021
Thai startup and space technology company mu Space recently conducted the soft opening of its spaceship factory – the first in Thailand – a prototype that will form the basis ...
Additional Support for Covid-19 Affected Aviation Sector
With passenger traffic down 98% year-on-year in November, the aviation sector is not expected to recover anytime soon. In late December 2020, the Singapore Government stated ...
Japanese Cosmetics Company Launches First Store in Ho Chi Minh City
Japanese cosmetics and drugs retailer Matsumoto Kiyoshi recently opened its first store in downtown Ho Chi Minh City, covering 274 square meters and featuring over 6,000 ...
New Trends Gain Traction among Thai Food Producers
Consumers in South East Asia have become more concerned with maintaining healthy lifestyles and with food safety, and are seeking alternatives to traditional foods, a trend ...
US Dairy Export Council Opens Center for Dairy Excellence in Singapore
The US Dairy Export Council (USDEC) has continued to expand its progress in South East Asia since it first entered the region in 1998, opening a new US Centre for Dairy ...
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