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

Indonesia’s Fisheries Platform Aruna Obtains USD 35 Million in Funding

Aug 2021 Indonesia, Agrifood

Aruna, a leading fisheries and marine platform in Indonesia, has announced that it has raised USD 35 million in Series A funding. Founded in 2016, Aruna's tech-enabled ...

ZALORA Singapore Launches E-Commerce Booster Package

Jul 2021 Singapore, Retail/FMCG

Leading fashion and lifestyle e-commerce platform, ZALORA, announced the launch of its first E-Commerce Booster Package in partnership with Enterprise Singapore, Singapore’s ...

Warung Pintar Pushes for Digitization of Distribution Systems in the Traditional Grocery Sector

Jul 2021 Indonesia, Retail/FMCG

Warung Pintar, an Indonesian startup helping digitize the country’s vendors, has announced a collaboration with Coca-Cola Europacific Partners Indonesia (CCEP Indonesia) to ...

South Korea’s Retailer emart24 Opens First Outlet In Malaysia

Jul 2021 Malaysia, Retail/FMCG

Leading South Korean convenience store chain, emart24 has launched its first outlet in Malaysia, and plans to establish over 300 outlets nationwide within five years. The ...

Signs of Retail Recovery in the Philippines

Jul 2021 Philippines, Retail/FMCG

Swedish furniture maker has announced that IKEA Philippines will open its outlet in the Philippines in the 4th quarter of 2021. It was originally planned to open in 2020 but ...

Muji to Open First Store in Hanoi

Jul 2021 Vietnam, Retail/FMCG

Muji, a renowned Japanese retail company selling a wide variety of consumer goods, recently opened its first flagship store in Hanoi's Vincom Center Metropolis, after opening ...

AirAsia Acquires Gojek’s Thailand Operations in Thailand

Jul 2021 Thailand, Retail/FMCG

AirAsia Digital (the digital arm of multinational low-cost airline AirAsia) and ride-hailing unicorn Gojek have announced a partnership whereby AirAsia Digital will acquire ...

Thailand Developing 5G Powered Health Information System

Jul 2021 Thailand, Healthcare

Thailand is developing a 5G-powered intelligent medical information system in cooperation with five organizations including Mahidol University's Faculty of Engineering, the ...

Tessa Therapeutics and A*STAR’s Collaborate to Form Cell Therapy Laboratory

Jul 2021 Singapore, Healthcare

Tessa Therapeutics Ltd. (Tessa), a clinical-stage cell therapy company developing next-generation cancer treatments for hematological malignancies and solid tumors, is ...

TE Asia Invests USD 50 million in Indonesian Health Projects

Jul 2021 Indonesia, Healthcare

TE Asia Healthcare Partners, a healthcare group backed by US private equity firm TPG Capital, and Altrui Investment Management are investing USD 50 million in two medical ...

South Korea’s SK Group to Invest in Vietnam’s Largest Pharmacy Chain

Jul 2021 Vietnam, Healthcare

SK Group, one of South Korea's largest conglomerates, has been reported to be planning an investment in Vietnam’s largest pharmacy retail chain, Pharmacity, with an expected ...

SNC-Lavalin to Deliver High-Tech Manufacturing Facility in Malaysia

Jul 2021 Malaysia, Healthcare

SNC-Lavalin Group Inc., a fully integrated professional services and project management company headquartered in Canada, has been commissioned by US-based firm DexCom Inc., a ...

Digital Health Apps Flourish in the Philippines Amid the Pandemic

Jul 2021 Philippines, Healthcare

Digital health platforms in the Philippines are expected to remain flourishing as the COVID-19 pandemic continues as evidenced by several apps reporting accelerated numbers ...

UMW Toyota Motor to Advance Local Manufacturing of Hybrid Electric Vehicles in Malaysia

Jul 2021 Malaysia, Manufacturing

UMW Toyota Motor Sdn Bhd (UMWT) recently announced its plan for local mass manufacturing of Hybrid Electric Vehicles (HEV) in Malaysia with an additional investment of MYR ...

South Korea’s KCC Glass to Open its First Overseas Factory in Indonesia

Jul 2021 Indonesia, Manufacturing

KCC Glass Corporation, a representative integrated glass company in Korea, has announced plans to establish a glass factory in Batang Industrial Park, Central Java, ...

Japanese Company Establishes Production Center for Carbon Fiber in Vietnam

Jul 2021 Vietnam, Manufacturing

In July 2021, Teijin Carbon Vietnam Co., Ltd (TCV) began commercial production of carbon fiber goods such as prepreg, a fiber sheet pre-impregnated with matrix resin as an ...

Japanese Bicycle-parts Maker Shimano Invests USD 179 Million in Jurong Plant

Jul 2021 Singapore, Manufacturing

Singapore has attracted some USD 179 million in investment from Japanese bicycle-parts maker Shimano, with its upcoming plant in Jurong Innovation District (JID) expected to ...

Holcim Invests USD 4.2 million to Upgrade Cement Plants

Jul 2021 Philippines, Manufacturing

Cement firm Holcim Philippines, Inc. is investing PHP 210 million (USD 4.2 million) in projects to reduce the fuel consumption and increase mineral additive usage of its ...

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