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

Bangkok-based mu Space Building Spaceship in 2021

Jan 2021 Thailand, Defense/Aerospace

Thai startup and space technology company mu Space recently conducted the soft opening of its spaceship factory – the first in Thailand – a prototype that will form the basis ...

Additional Support for Covid-19 Affected Aviation Sector

Jan 2021 Singapore, Defense/Aerospace

With passenger traffic down 98% year-on-year in November, the aviation sector is not expected to recover anytime soon. In late December 2020, the Singapore Government stated ...

Japanese Cosmetics Company Launches First Store in Ho Chi Minh City

Nov 2020 Vietnam, Retail/FMCG

Japanese cosmetics and drugs retailer Matsumoto Kiyoshi recently opened its first store in downtown Ho Chi Minh City, covering 274 square meters and featuring over 6,000 ...

New Trends Gain Traction among Thai Food Producers

Nov 2020 Thailand, Retail/FMCG

Consumers in South East Asia have become more concerned with maintaining healthy lifestyles and with food safety, and are seeking alternatives to traditional foods, a trend ...

US Dairy Export Council Opens Center for Dairy Excellence in Singapore

Nov 2020 Singapore, Retail/FMCG

The US Dairy Export Council (USDEC) has continued to expand its progress in South East Asia since it first entered the region in 1998, opening a new US Centre for Dairy ...

Sun Care Products Drive Personal Care Sector in the Philippines

Nov 2020 Philippines, Retail/FMCG

Data analytics company GlobalData has reported that the rise in demand for suncare products will drive the Philippines' personal care sector, which is projected to record a ...

Astral Asia Bhd to Venture into FMCG E-Commerce

Nov 2020 Malaysia, Retail/FMCG

Malaysia-based Astral Asia Bhd (AAB) is planning to diversify its core businesses to include e-commerce, focussing on fast-moving consumer goods (FMCG). The new e-commerce ...

Microsoft, Google and Other American Giants Investing in Indonesia’s E-commerce

Nov 2020 Indonesia, Retail/FMCG

Microsoft has entered into a strategic partnership with Bukalapak, one of Indonesia’s leading e-commerce platforms, while Google and Temasek have agreed to invest USD 350 ...

Pharmaceutical Giant STADA Seeking Full Ownership of Vietnamese Pymepharco JSC

Nov 2020 Vietnam, Healthcare

Pharmaceutical giant STADA Arzneimittel AG first invested in Vietnamese Pymepharco Joint Stock Company (PME) in 2008, and over the years it has increased its direct and ...

Oxford University’s Covid-19 Vaccine to be Produced in Thailand for the Regional Market

Nov 2020 Thailand, Healthcare

Oxford University, which has partnered with British-Swedish pharmaceutical company Astra-Zeneca to produce a Covid-19 vaccine, has announced that it will use Thailand as its ...

Thermo Fisher Builds Pharmaceutical Product Facility in Singapore

Nov 2020 Singapore, Healthcare

Global life sciences company, Thermo Fisher Scientific, has announced plans to develop a facility with two new sterile filling lines in Singapore, extending its capacity for ...

Australia’s Vaxine Offers to Hold Clinical Trial for Potential Covid-19 Vaccine in the Philippines

Nov 2020 Philippines, Healthcare

Australian biotechnology company, Vaxine Pty Ltd., has relayed its interest to the Philippines' Department of Science and Technology (DOST) to conduct the second phase of ...

LKL and AT Systematization Sign Distribution Agreement to Sell Gloves

Nov 2020 Malaysia, Healthcare

Healthcare equipment supplier LKL International Bhd has entered into a distribution agreement with AT Systematization Bhd to market, sell, and distribute natural rubber latex ...

Mandaya Royal Hospital Puri and Philips Ink Seven-year Partnership Agreement

Nov 2020 Indonesia, Healthcare

Mandaya Royal Hospital Puri has inked a seven-year partnership agreement with Royal Phillips (Phillips), a global leader in health technology. The deal aims to integrate a ...

Samsung Electronics Vice Chairman Considers Investment in Vietnam

Nov 2020 Vietnam, Manufacturing

In October 2020, Samsung Electronics Vice Chairman Lee Jae-Yong had a meeting with Vietnamese Prime Minister Nguyen Xuan Phuc to discuss possible investment plans. Samsung is ...

Royal Enfield to Expand Further in Asia through New Facility in Thailand

Nov 2020 Thailand, Manufacturing

Royal Enfield, a British motorcycle brand that has been owned by Indian Manufacturer Eicher Group since 1994, has announced its intention to expand overseas, with plans to ...

Plant-based Egg Substitute Producer Expands in Singapore

Nov 2020 Singapore, Manufacturing

Eat Just, a plant-based egg substitute producer, has announced a partnership with an investment consortium, led by Proterra Investment Partners Asia, to launch a new ...

Japanese firm, Yokowo, chooses Philippines as Site for Wiring Harness Manufacturing Venture

Nov 2020 Philippines, Manufacturing

Japanese company Yokowo Co Ltd has set up its automotive wiring harness and components manufacturing facility in the Philippines after a year-long due diligence process in ...

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