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

Pertamina, Indonesia Seeks to Double its Geothermal Capacity

May 2022 Indonesia, Energy

PT Pertamina, Indonesia's state-owned energy firm, plans to double its geothermal capacity from 700 MW by 2027-2028. The plan, which aims to lessen the country's reliance on ...

Pertamina, Osaka Gas, JGC Holdings, and INPEX Sign Joint Study Agreement on Bio-methane Derived Clean Gas Project

May 2022 Indonesia, Environment

PT PERTAMINA (Pertamina), Osaka Gas Co., Ltd. (Osaka Gas), JGC Holdings Corporation (JGC), and INPEX CORPORATION (INPEX) announced that they have entered into a joint study ...

Burger King Indonesia Partners with Food Companies for This Ramadan

May 2022 Indonesia, Agrifood

In the season of Ramadan this year, Burger King Indonesia has collaborated with GoFood, a food delivery platform, to bring together F&B companies to facilitate bukber ...

Keppel O&M and Sembcorp Marine Decide to Merge

May 2022 Singapore, Energy

On April 27 Keppel Corporation Limited (Keppel) and Sembcorp Marine Ltd (Sembcorp Marine) entered into definitive agreements for the proposed combination of Keppel Offshore ...

Singapore’s Unemployment Rates go Back to Pre-Pandemic Levels

May 2022 Singapore, Economy

Unemployment rates for 2022 February in Singapore were around the quarterly average unemployment rates in 2018/2019. According to the 2021 Labour Market Report, the overall ...

Landmark with Berths for Green Ship Trials to be Built on Southern Waterfront

May 2022 Singapore, Infrastructure

During Singapore’s Maritime Week in early April, the Maritime and Port Authority of Singapore (MPA) announced that a new 9,000 square meter integrated hub, named The Waves, ...

Enterprise Automation Platform, Workato, Launches Digital Automation Hub in Singapore

May 2022 Singapore, ICT

In April, enterprise automation platform company Workato announced the launch of Singapore’s first Digital Automation Hub to help enterprises use automation to transform ...

Sheng Siong to Open Up to Five Supermarkets Annually in Next Few Years

May 2022 Singapore, Retail/FMCG

In a bourse filing in April, the Supermarket Operator, Sheng Siong, announced that it aims to open three to five stores annually in the next three to five years, expanding ...

Japanese Company Considers Collaboration for LNG Supply Chain in Thailand

May 2022 Thailand, Infrastructure

Japanese LNG importer Jera has just concluded a memorandum of understanding (MoU) with Electricity Generating Public Company Limited (EGCO), a Thai power generation company, ...

Sanofi Begins Construction of Unique Evolutive Vaccine Facility in Asia

May 2022 Singapore, Healthcare, Manufacturing

In April, Sanofi officially commenced its Evolutive Vaccine Facility (EVF), in the presence of Singapore’s Deputy Prime Minister and Coordinating Minister for Economic ...

New National Consortium in Singapore to Advance Clinical Research and Innovation

May 2022 Singapore, Healthcare

In April, Singapore’s Minister for Health Mr. Ong Ye Kung officially launched a new national consortium, the Consortium for Clinical Research and Innovation, Singapore ...

Rising Demand for Digital Asset Exchange Platform License in Thailand

May 2022 Thailand, ICT

Gulf Innova, the subsidiary of the Thai public company Gulf Energy Development, entered into an agreement with Binance Group to jointly study avenues for the development of ...

In Thailand Fashion Tops Ranking for Online Shopping Products

May 2022 Thailand, Retail/FMCG

According to a recent survey by market research firm Nielsen, fashion products are the most popular online shopping items in Thailand. Other industries, such as grocery and ...

Thammasat University Collaborates for Thailand´s Medical Hub Scheme

May 2022 Thailand, Healthcare

Thailand's public research university, Thammasat, is collaborating with state and private players to create a 'Medical Valley' in Pattaya under the Eastern Economic Corridor ...

Singapore and New Zealand Synergize for Sustainable Aviation

May 2022 Singapore, Defense/Aerospace

Singapore’s Ministry of Transport (MOT) and the Civil Aviation Authority of Singapore (CAAS) today entered into an agreement on Sustainable Aviation with the New Zealand ...

Thailand Approves Enhanced Measures to Boost Electric Vehicles Sector

May 2022 Thailand, Infrastructure

Thailand's Board of Investment (BOI) has approved fresh incentives for investments in the Electric Vehicles (EV) sector. This is in line with the Thai government’s policy to ...

Thailand to Accelerate Digital Uptake of Its Agrifood Industry

May 2022 Thailand, Agrifood

The Thai government has pledged to hasten the digital transformation plans of the country's food and agriculture industry this year. The focus areas will include big data, ...

The United States to Assess Thailand’s F-35 Procurement Potential

May 2022 Thailand, Defense/Aerospace

It has been recently reported that a team sent by the US Air Force will evaluate if Thailand can procure and maintain the Lockheed Martin F-35 Lightning II fifth-generation ...

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