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

FGV Launches the FGV Chuping Agro Valley in Malaysia

Jul 2021 Malaysia, Agrifood

FGV Holdings Berhad (FGV) has officially launched FGV Chuping Agro Valley (FCAV) in conjunction with the Northern Corridor Implementation Authority (NCIA). FGV is an ...

Vietnam’s Retail Players Make Inroads Abroad

Jun 2021 Vietnam, Retail/FMCG

The Vietnamese retail industry is growing rapidly, and its key players have started expanding to foreign markets. In of the most illustrative recent examples, in May 2021, ...

Sales of Imported Cars Surged Amidst the Pandemic

Jun 2021 Philippines, Retail/FMCG

Sales of imported cars almost quadrupled in May 2021 compared with the level in the same month last year, according to the Association of Vehicle Importers and Distributors ...

DKSH, Kotányi GmbH Expand Partnership to Enter Malaysia

Jun 2021 Malaysia, Retail/FMCG

Swiss-based market expansion services provider DKSH, through its local unit DKSH Business Unit Consumer Goods in Malaysia, has expanded its cooperation with Kotányi GmbH, an ...

Covid-19 Leads Indonesia’s Mom and Baby Products Market to Register Double Digit Growth

Jun 2021 Indonesia, Retail/FMCG

The domestic demand for mom and baby products is poised to enjoy double-digit growth by 2025. This is backed by an increasing number of online shoppers and tech-savvy ...

AirAsia Forays into Grocery Delivery in Singapore

Jun 2021 Singapore, Retail/FMCG

Following multinational low-cost airline AirAsia's successful introduction of airasia food in the Singapore market in March 2021, the airasia super app is now offering ...

700 New 7-Eleven Stores Planned in Thailand

Jun 2021 Thailand, Retail/FMCG

In June 2021, Thai operator of 7-Eleven convenience stores CP All announced that it will expand its 7-Eleven store network with 700 new outlets by the end of the year. ...

Vietnam Emerges as a Global Supplier of Personal Protective Equipment

Jun 2021 Vietnam, Healthcare

As the significant shortage of personal protective equipment (PPE) in many countries has impacted the containment of the COVID-19 pandemic over the past 18 months, the ...

US Company Enters the Thai Genomics Market

Jun 2021 Thailand, Healthcare

American multinational technology company NVIDIA just announced the installation of an NVIDIA DGX™ A100 system and NVIDIA Clara Parabricks sequencing analysis software at the ...

Research Institute and Center for Regenerative Medicine Launched in Singapore

Jun 2021 Singapore, Healthcare

The SingHealth Duke-NUS Academic Centre (AMC) has launched a research institute and disease center that will help in the advancement of regenerative medicine and ...

Philippines’ Department of Science and Technology Introduces 6 Virus and Vaccine-focused R&D Projects

Jun 2021 Philippines, Healthcare

The Department of Science and Technology (DOST) has approved the conduct of six flagship R&D projects that will serve as foundation studies of the proposed Virology and ...

Naluri Secures Fund to Launch Services in Key South East Asian Markets

Jun 2021 Malaysia, Healthcare

Naluri Hidup, a Malaysia-based digital health service provider, has secured MYR 20.6 million (USD 5 million) in a new fundraising round headed by Singapore’s Integra ...

Indonesian Health Startup Prixa Secures USD 3 Million in Funding

Jun 2021 Indonesia, Healthcare

Indonesian Health Startup Prixa has just secured USD 3 million of funding from Telkom Indonesia’s MDI Ventures, Trans-Pacific Technology Fund and Siloam Hospitals Group. ...

Toyota Vietnam to Support Capability Development of Domestic Enterprises

Jun 2021 Vietnam, Manufacturing

In May 2021, Toyota Motor Vietnam and the Department of Industry - Ministry of Industry and Trade signed a Memorandum of Understanding to support domestic enterprises, ...

Japanese Pharmaceutical Firms Targeted to Invest in the Philippines

Jun 2021 Philippines, Manufacturing

The Department of Trade and Industry – the Board of Investments (DTI-BOI) – is eyeing Japanese pharmaceutical firms to invest in the Philippines. With the developments ...

GlobalFoundries Breaks Ground on New Fabrication Plant in Singapore

Jun 2021 Singapore, Manufacturing

GlobalFoundries, the global leader in feature-rich semiconductor manufacturing, today announced it is expanding its global manufacturing footprint with the construction of a ...

Foreign Players Invest in Nickel and Battery Plants, Advancing Indonesia’s Electric Vehicles Industry

Jun 2021 Indonesia, Manufacturing

China’s Zhejiang Huayou Cobalt just announced a partnership with electric vehicle battery maker EVE Energy and other players for a USD 2.08 billion nickel and cobalt project ...

Car Manufacturers to Boost Electric Vehicles Production Capacity in Thailand

Jun 2021 Thailand, Manufacturing

Thailand’s Board of Investment has just approved 24 projects of car manufacturers for the production of electric vehicles, including 6 plug-in hybrid electric vehicles ...

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