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 to Have New Waste-to-Energy Plants, Sweden Supports Plastic Footprint Reduction Project

Apr 2021 Thailand, Environment

Thailand's Metropolitan Energy Authority (MEA) has signed a Memorandum of Understanding with private firm Newsky Energy Thailand on co-investment arrangements for two new ...

South Korean Company to Build a Large LNG Power Plant in Vietnam

Apr 2021 Vietnam, Energy

In March 2021, South Korean company GS Energy confirmed that it will jointly invest in an LNG power plant in Long An Province of southern Vietnam with its strategic partner ...

Singapore’s Energy Market Authority Appoints ExxonMobil, Sembcorp New Term LNG Importers

Apr 2021 Singapore, Energy

To enhance competition, Singapore's Energy Market Authority (EMA) has appointed ExxonMobil LNG Asia Pacific and Sembcorp Fuels (Singapore) Pte. Ltd. as the new term liquefied ...

Siam Gas and Petrochemical Plc to Build LNG Receiving Facility in Rayong

Apr 2021 Thailand, Energy

Siam Gas and Petrochemical Plc (SGP), Thailand's second-largest liquefied petroleum gas (LPG) trader by volume, is planning to build a liquefied natural gas (LNG) receiving ...

PGE Aims for 1,112 MW of Geothermal Energy by 2026 – Persero to Issue Green Bonds

Apr 2021 Indonesia, Energy

PT Pertamina Geothermal Energy (PGE), a subsidiary of state-run oil firm PT Pertamina (Persero), is planning to increase its geothermal power capacity from 672 megawatts (MW) ...

Petronas Becomes World’s First to Produce LNG from Two Floating Facilities

Apr 2021 Malaysia, Energy

Malaysia’s state-owned oil and gas company Petronas has become the first global energy company to produce liquefied natural gas (LNG) from two floating facilities. This ...

AC Energy Injects USD 93.7 Million in Unit Behind Zambales Solar Project

Apr 2021 Philippines, Energy

AC Energy has invested PHP 4.5 billion (USD 93.7 million) in its subsidiary Santa Cruz Solar Energy, Inc, according to the filing at the Philippines Stock Exchange (PSE). The ...

Vietnam’s Exports to the US Increasing Sharply Despite the Pandemic

Apr 2021 Vietnam, Economy

According to the Wall Street Journal, the US is accounting for a growing share of Vietnam's exports, estimated at 29% of the Asian country's total exports as of January 2021. ...

UAE, Singapore Explore Cooperation at the 13th Abu Dhabi-Singapore Joint Forum

Apr 2021 Singapore, Economy

The United Arab Emirates (UAE) and Singapore have reaffirmed their strong bilateral economic ties and will be looking into further collaboration in areas including ...

Thailand Launches Regional Comprehensive Economic Partnership (RCEP) Center

Apr 2021 Thailand, Economy

Following the ratification of the Regional Comprehensive Economic Partnership (RCEP), Thailand set up its RCEP Center to facilitate trade and economic expansion. As the ...

Philippines’ DICT, ARTA To Upgrade Digital Infra To Improve Ease of Doing Business

Apr 2021 Philippines, Economy

The Philippines' Department of Information and Communications Technology (DICT) and the Anti-Red Tape Authority (ARTA) are aiming to upgrade its digital infrastructure by ...

Malaysia’s MITI Plans to Ratify RCEP by End 2021 to Boost FDI, External Trade

Apr 2021 Malaysia, Economy

Malaysia International Trade and Industry Ministry (MITI) Deputy Secretary-General (Industry) Datuk Seri Norazman Ayob stated that the country is planning to ratify the ...

Indonesia Ratifies Agreement with European Free Trade Association, Agrees to Enhanced Trade with UK

Apr 2021 Indonesia, Economy

Indonesia is moving forward with its first trade agreement with European countries, namely Iceland, Norway, Liechtenstein, and Switzerland, as the Indonesian Parliament has ...

Singapore-based Kelley Aerospace to Launch World’s 1st Supersonic Unmanned Combat Air Vehicle

Apr 2021 Singapore, Defense/Aerospace

Singapore-based aerospace company Kelley Aerospace has officially launched its supersonic unmanned combat air vehicle (UCAV) concept and has reportedly secured over 100 ...

Malaysia Aviation Group Presents Sustainability Blueprint, Aims Zero Carbon Emissions by 2050

Apr 2021 Malaysia, Defense/Aerospace

Malaysia Aviation Group (MAG), the country’s leading aviation organization, presented its new Sustainability Blueprint to achieve net-zero carbon emissions by 2050. Under ...

Germany’s Microdrones Appoints Indonesian Distributor of Drone Surveying Equipment

Apr 2021 Indonesia, Defense/Aerospace

German aerial mapping technology company Microdrones has recently appointed Multi Konsultindo Jaya, a Yogyakarta-based consulting, surveying, and mapping service provider, as ...

Cebu Pacific Embarks on Upgrading Fleet by 2027

Apr 2021 Philippines, Defense/Aerospace

Cebu Pacific, the Philippines' largest budget carrier, will push forward its plans to upgrade its entire fleet of Airbus to newer, more modern aircraft despite the negative ...

Bangkok-based Space Technology Company mu Space Receives BOI Highest-Rank Investment Incentives

Apr 2021 Thailand, Defense/Aerospace

Thailand's space technology company mu Space has secured the highest incentives available from the Thailand Board of Investment (BOI). Founded in 2017, the company develops ...

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