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 Cloud Service Market Projected to Reach USD 291 million by 2024

Oct 2020 Vietnam, ICT

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

Oct 2020 Vietnam, Healthcare

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

Oct 2020 Thailand, Healthcare

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

Oct 2020 Thailand, Infrastructure

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

Oct 2020 Thailand, Economy

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

Oct 2020 Thailand, Energy

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

Oct 2020 Thailand, Environment

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

Oct 2020 Thailand, Retail/FMCG

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

Oct 2020 Indonesia, Manufacturing

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

Oct 2020 Vietnam, Manufacturing

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

Oct 2020 Singapore, Energy

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

Oct 2020 Philippines, ICT

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 ...

Singapore Launches Built Environment Living Lab Framework

Oct 2020 Singapore, Infrastructure

The Building and Construction Authority (BCA) and the Ministry of National Development (MND) have announced the launch of the Built Environment Living Lab Framework (BE LLF) ...

Singapore Food Agency to Develop High-Tech Agri-Food Cluster

Oct 2020 Singapore, Retail/FMCG

To ramp up local food production, the Singapore Food Agency (SFA) announced that the Lim Chu Kang area, a largely undeveloped area in north-west Singapore, will be developed ...

Singapore Develops Blockchain and Smart Scanners in Fight Against COVID-19

Oct 2020 Singapore, Healthcare

Government-owned SGInnovate, in partnership with local startup Accredify, has developed a blockchain-based solution Digital Health Passport to facilitate more efficient ...

Singapore and Norway Expand Collaboration in Four Priority Sectors

Oct 2020 Singapore, Economy

Singapore and Norway are expanding collaboration in four priority sectors, including in the so-called "blue economy" that focuses on the sustainable use of ocean resources. ...

Siemens Launches Advance Manufacturing Transformation Center

Oct 2020 Singapore, Manufacturing

Siemens has launched its Advance Manufacturing Transformation Center (AMTC) in Singapore to provide guidance, support, and training to companies in South East Asia on their ...

Semiconductor Giant Infineon Technologies to Invest MYR 3.25 Billion until 2029

Oct 2020 Malaysia, Manufacturing

Germany’s Infineon Technologies, a multinational semiconductor manufacturer has announced investments of MYR 3.25 billion (USD 784 million) into its existing operations in ...

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