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

Duterte Extends Philippines’ Military Deal with US

President Rodrigo Duterte has extended for another six months the suspension of the decision to cancel the Philippines’ Visiting Forces Agreement (VFA) with the United ...

Malaysia Airports Aims to Double Freighter Flights at KLIA in Next 10 Years

Malaysia Airports Holdings Bhd (MAHB), the largest airport operator in Malaysia, is planning to double the number of freighter flights at its main airport, Kuala Lumpur ...

Indonesian Ministry of Transportation Approves a USD 14.75 Million Stimulus

The Indonesian Ministry of Transportation (MoT) has approved a USD 14.75 million stimulus package for the aviation industry. The package removes the passenger service charge ...

Vietnam to Accelerate Use of AI in Healthcare

Vietnam’s medical and tech experts recently participated in an online seminar organized by several ministries and local authorities in collaboration with the Australian ...

Indonesia Passes Omnibus Law to Incentivize Investment and Jobs

The Indonesian government has just revised more than 70 existing laws and regulations in an effort to create jobs, spur investments, reduce red tape, and improve bureaucratic ...

DOE Approves Grid Impact Study on Five Energy Projects

The Department of Energy (DOE) has approved grid impact studies on five energy projects in the country, with a total capacity of 1,417.84 MW. The grid impact studies are ...

Vietnam’s Cloud Service Market Projected to Reach USD 291 million by 2024

According to the latest study by Research and Markets, in 2018 Vietnam’s cloud service market was valued at USD 165 million and is projected to reach USD 291 million by 2024. ...

Vietnam’s Telehealth Network Connects 1,000 Medical Facilities

After more than two months of piloting, Vietnam's Ministry of Health officially opened a network connecting 1,000 medical examination and treatment facilities with 27 central ...

Thailand to Produce Drugs for all Types of Cancer Treatment

The Government Pharmaceutical Organization (GPO) has signed an agreement with PPT Public Co Ltd. to build a cancer pharmaceutical factory, the first in Thailand that will ...

Thailand Studies Bridge to Connect Gulf of Thailand and Andaman Sea

Thailand Prime Minister Prayut Chan-o-cha has ordered a new feasibility study to build a land bridge between the Gulf of Thailand and the Andaman Sea, seen as a potentially ...

Thailand Rolls Out Program to Boost Domestic Consumption

In a bid to boost domestic consumption, the Center for Economic Situation Administration (CESA) has approved a proposal to offer taxpayers income tax deductions of up to THB ...

Thailand Establishes Alliance to Develop Energy Storage Technologies for EVs

The National Science and Technology Development Agency (NSTDA) (an agency under the Ministry of Higher Education, Science, Research and Innovation), Khon Kaen University ...

Thailand Develops Technologies to Extract Rare-Earth Metals From Waste

Thailand's Ministry of Industry announced plans to develop a new technology that enables the extraction of rare-earth metals from recycled industrial and household waste to ...

Thai E-Commerce Logistics Firm Raises USD 200 Million

Thailand-based full-service e-commerce logistics provider Flash Express announced that it has completed a Series D funding round of USD 200 million, led by PTT Oil and Retail ...

Suntech’s New 500-MW Solar Factory to Double Capacity

Suntech, a Chinese producer of solar panels, announced the launch of its 500 MW high-efficiency integrated PV cell and module manufacturing project in Indonesia, making ...

Son Ha Group Launches EVgo Electric Vehicle Production Plant in Bac Ninh

Son Ha Development of Renewable Energy Joint Stock Company, a Son Ha Group member, has recently launched its EVgo electric vehicle production plant in Thuan Thanh II ...

Smart Energy Provider 3DOM Establishes Regional Office in Singapore

3DOM, a Japan-based smart energy solutions provider, has established its South East Asia regional office in Singapore to oversee business development and fundraising ...

Smart Communications First to Deploy 5G in Visayas and Mindanao

Local company Smart Communications has become the first provider in the Philippines to launch 5G sites in key cities in Visayas and Mindanao. Smart's 5G sites in Visayas ...

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