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

AirAsia Group Berhad’s B2B Platform, MAFI Aspire to Help More Malaysian Farmers

May 2021 Malaysia, Agrifood

AirAsia Group Bhd’s business-to-business (B2B) e-commerce platform, airasia farm, as well as the Ministry of Agriculture and Food Industries (MAFI) and several other ...

Sony Pictures to Open the World’s First Columbia Pictures Theme and Waterpark in Thailand

Apr 2021 Thailand, Retail/FMCG

Sony Pictures Entertainment has teamed up with Thai company Amazon Falls to set up a 14-acre (5.66 ha) amusement park called Aquaverse based on its Columbia Pictures ...

Shopee, SkillsFuture Singapore Teams Up to Help SMEs Build E-Commerce Capabilities

Apr 2021 Singapore, Retail/FMCG

South East Asia's leading e-commerce platform Shopee has partnered with SkillsFuture Singapore (SSG) through the SkillsFuture Queen Bee program to help small and medium-sized ...

Philippines Office Space Demand Rises 22.5% in First Quarter of 2021: LPC

Apr 2021 Philippines, Retail/FMCG

The Philippines office market registered positive growth as demand rose by 22.5% in the first quarter of 2021 on account of optimism on post-pandemic economic recovery, ...

Indonesian Social Commerce Startups Bag Fresh Funding

Apr 2021 Indonesia, Retail/FMCG

Indonesia-based social commerce startup KitaBeli has raised USD 10 million Series A funding to expand operations into the Indonesian island of Java and tier 2—4 cities. The ...

Halal Food Delivery App Ode Jee Plans to Expand Services Nationwide

Apr 2021 Malaysia, Retail/FMCG

Malaysian halal food delivery start-up Ode Jee is looking to expand its services nationwide by the end of the year. The company started operating in Johor state in ...

Foreign Players Target Vietnam’s Growing Retail Market

Apr 2021 Vietnam, Retail/FMCG

Vietnam boasts one of the most dynamic retail markets in the world. According to the General Statistics Office of Vietnam, the total retail sales of consumer goods and ...

Thailand Attracting Electric-Vehicle Manufacturers

Apr 2021 Thailand, Manufacturing

The electric vehicles (EVs) sector is rapidly developing in Thailand, with a growing number of foreign players entering the market. The demand for EVs is expected to increase ...

Swedish Oatly Partners with Yeo’s for USD 30 Million Vegan Milk Factory in Singapore

Apr 2021 Singapore, Manufacturing

Swedish oat milk producer Oatly and the Asian heritage beverage giant Yeo Hiap Seng (Yeo’s) have entered into a USD 30 million-worth long-term partnership to produce oat milk ...

South Korean SKC to Establish Copper Foil First Overseas Production Base in Malaysia

Apr 2021 Malaysia, Manufacturing

SKC Inc, the world’s largest producer of copper foil and part of South Korean conglomerate, SK Group is planning to spend USD 620 million to build its first overseas ...

Mitsubishi Corp Exploring Clean Fuel Ammonia Production in Central Sulawesi

Apr 2021 Indonesia, Manufacturing

Mitsubishi Corporation has entered into an agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC), Indonesia's PT Panca Amara Utama (PAU), and the Bandung ...

Foxconn and VinFast to Explore Partnership on Electric Vehicles

Apr 2021 Vietnam, Manufacturing

Foxconn, the world’s largest assembler of consumer electronics, has started discussions with Vingroup, the largest conglomerate in Vietnam, related to collaborating in the ...

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 ...

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