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

Companies Planning to Open Vaccine Manufacturing Facilities in the Philippines

Apr 2021 Philippines, Manufacturing

A number of companies are planning to establish vaccine manufacturing facilities in the Philippines in the next few years as the country continues its push to become "vaccine ...

Transportation Investment Identified as Key for Vietnam’s Economic Growth

Apr 2021 Vietnam, Infrastructure

Despite Vietnam’s spectacular economic growth, the country’s transportation infrastructure is still considered to be behind many other developing nations. The Vietnamese ...

Thailand to Unveil Mega Bridge Project, Advances Thai-China High-Speed Train Project

Apr 2021 Thailand, Infrastructure

The Thai government will reveal the details of its planned Land Bridge between the Gulf of Thailand and the Andaman Sea in June, according to the Thai Transport Minister. The ...

Singapore Maritime Week 2021: New Frontiers, Shifting Paradigms

Apr 2021 Singapore, Infrastructure

The 15th Singapore Maritime Week (SMW) 2021 will take place from 19 to 23 April 2021. The week-long event will bring together industry experts and thought leaders in the ...

Malaysia’s Mega Public Transportation Project MRT3 to Resume, Tender Bid Begins in August

Apr 2021 Malaysia, Infrastructure

Mass Rapid Transit Corporation Sdn Bhd (MRT Corp), a Malaysian government-owned public transportation company has announced that the tender bid exercise for the Mass Rapid ...

Germany Plans USD 2.98 Billion in Development Assistance for Green Infrastructure Projects

Apr 2021 Indonesia, Infrastructure

Under the German-Indonesian climate initiative, Germany has agreed to provide EUR 2.5 billion (USD 2.98 billion) in loans to fund Indonesian infrastructure projects within ...

DPWH Begins Planning and Design Work on Three Infra Projects

Apr 2021 Philippines, Infrastructure

The Department of Public Works and Highways in Central Visayas (DPWH-7) has begun the Detailed Engineering Design (DED) process for three major infrastructure projects in ...

Digital Service Consumers Market Booming in Vietnam

Apr 2021 Vietnam, ICT

In 2020 Vietnam recorded the highest rate of new digital service consumers among South East Asia countries. According to a report published by Google, and Temasek and Bain ...

Tencent Cloud Launches First Data Center in Indonesia

Apr 2021 Indonesia, ICT

Chinese cloud service provider Tencent Cloud has opened a new data center in Indonesia to tap the growing demand for cloud computing services in South East Asia's biggest ...

ST Telemedia to Complete Eighth Data Center by 2022 in Singapore

Apr 2021 Singapore, ICT

Headquartered in Singapore, ST Telemedia Global Data Centres (STT GDC) is set to complete the construction of its eighth data center facility, STT Defu 3, at its flagship ...

NTT Launches Bangkok 2 Data Center as International Network Exchange Hub

Apr 2021 Thailand, ICT

Global technology services company NTT, in partnership with Japan Network Access Point (JPNAP) and Bangkok Neutral Internet eXchange (BKNIX), has unveiled its new Bangkok 2 ...

Microsoft to Spend USD 1 Billion on First Data Center Region in Malaysia

Apr 2021 Malaysia, ICT

Tech giant Microsoft Corporation has announced USD 1 billion investment in Malaysia under a new partnership program with the government agencies and local companies to ...

Converge ICT Solutions to Invest USD100M in Trans-Pacific Cable System

Apr 2021 Philippines, ICT

Local fiber broadband provider Converge ICT Solutions Inc. is investing USD 100 million (around PHP 5 billion) in the joint development of a cable landing system in the ...

Vietnam Launches Nationwide Online Booking Medical Service, Digital Startup Raises USD 1 Million

Apr 2021 Vietnam, Healthcare

The Ministry of Health has announced that Vietnam plans to activate a nationwide system for booking online medical examination and treatment from the 1st of July ...

Three Major Hospital Chains to Use Remote Cardiac Monitoring Services by US’ CB Scientific

Apr 2021 Thailand, Healthcare

Three major hospital chains in Thailand, namely Bangkok Hospital Nakon Ratchasima, Ramkhamhaeng Hospital, and Bangpakok9 Hospital, have agreed to use Remote Cardiac ...

NSG, Acclivis Sign Deal to Develop Genomic-Driven Healthcare in Singapore

Apr 2021 Singapore, Healthcare

New Silkroutes Group Limited (NSG), a Singaporean investment holding company, has signed a Memorandum of Understanding (MOU) with Acclivis Technologies and Solutions Pte. ...

Nexgram to Build a Medical Complex Valued at MYR 1.6 billion in Melaka State

Apr 2021 Malaysia, Healthcare

Malaysia's multinational conglomerate Nexgram Holdings announced that its indirect wholly-owned subsidiary Nexgram Biomedic Sdn Bhd is looking to develop a medical complex in ...

Good Doctor Technology Indonesia Launches Telemedicine App

Apr 2021 Indonesia, Healthcare

PT Good Doctor Technology Indonesia (GDTI) has officially launched its smartphone app in the Indonesian market, offering teleconsulting services, online medicine purchases, ...

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