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
Samsung Electronics Leads the Shift to Renewable Energy in Vietnam
Samsung Electronics Co. has announced that its facilities in Vietnam would enhance their eco-friendly operations by purchasing renewable energy directly through the new ...
Vietnam and South Korea Reinforce Partnership through Trade
Vietnam and the Republic of Korea have recently enhanced their economic cooperation. The parties stressed the need for close coordination and practical measures to achieve ...
Vietnam’s Bamboo Airways Partners with Israel Aerospace Industries for Aircraft Engine Leasing
In July 2024, Vietnam’s Bamboo Airways and Israel Aerospace Industries finalized a USD 36 million contract for aircraft engine maintenance and leasing.
Under the agreement, ...
Vietnamese Market Opens to California Peaches and Nectarines
The United States Department of Agriculture (USDA) has recently announced that Vietnam has granted access to its market for peaches and nectarines from California.
Over the ...
Indonesia’s First EV Battery Plant Launched by Hyundai and LGES
On July 3rd, 2024, Hyundai Motor Group and LG Energy Solution (LGES) of South Korea opened Indonesia’s first battery cell production plant for electric vehicles. This ...
Frisian Flag Indonesia Launches EUR 257 Million Factory in Cikarang
With an investment of EUR 257 million (or IDR 3.8 trillion), Frisian Flag Indonesia (FFI) has launched a factory in Sukamahi village, Cikarang district, Bekasi regency. This ...
US-based Duck Donuts Launches in the Philippines with Largest Store
Duck Donuts, a US-based franchise known for its warm, made-to-order donuts, has opened its first store in the Philippines. Located in Angono St., Makati City, this new outlet ...
Plant-based Food Market to Grow in Thailand
Thailand’s plant-based food market, projected to grow around 10%, is estimated to reach a value of THB 45 billion (USD 1.2 billion) in 2024. A recent workshop titled ...
Airbus Helicopters Partners with Thai School for Aircraft Mechanics
Airbus Helicopters in Thailand and the Thai Army Transportation Engineering School (ATE) have formalized an academic partnership through a Memorandum of Understanding (MoU) ...
Thailand Approves Investment of USD 291 Million for Data Centers
The Thai government has sanctioned several new data center projects.
The Thailand Board of Investment (BOI) has endorsed substantial investments from both local and ...
Mitsubishi Explores Hydrogen Co-Firing for Thailand’s Gas Turbines
Mitsubishi Heavy Industries (MHI) and the Electricity Generating Authority of Thailand (EGAT) have signed a memorandum of understanding (MoU) to investigate the integration ...
Brazilian and Thai Companies Partner for Bio-Ethylene Plant
Braskem Siam, a joint venture between Brazil’s Braskem and Thailand’s SCG Chemicals, has received approval from the Thailand Board of Investment (BOI). Braskem and SCG ...
Samsung Subsidiary to Constructs Manufacturing Facility in Thailand
HARMAN, an electronics technology company and subsidiary of Samsung Electronics Co., Ltd., has initiated the construction of a new manufacturing facility in Thailand with a ...
Leading Port Operator from Dubai Expresses Interest in Land Bridge Project in Thailand
It has recently been reported that a prominent port and ship operator from Dubai has expressed interest in the Thai government’s Land Bridge project. Deputy Prime Minister ...
Norwegian Robotics Company Opens Assembly Factory in Thailand
To address the growing demand in the Asia-Pacific (APAC) region, Norwegian robotics company AutoStore inaugurated a new assembly factory in Rayong Province, Thailand, as ...
Private Hospitals in Thailand Bet on Medical Tourism
According to an economic forecast by TMBThanachart Analytics, Thai private hospitals are projected to generate over THB 322 billion (USD 8.8 billion) in revenue in 2024, ...
KFC Launches Its First Kiosk in Thailand
KFC, the renown American fried chicken brand, has introduced its first kiosk model under the “quick and easy” concept at a bustling pier in Bangkok. Restaurants ...
Philippines and France Sign Landmark Agreement to Boost Sustainable Development and Growth
Finance Secretary Ralph G. Recto has emphasized the transformative potential of the new Government-to-Government (G2G) agreement between the Philippines and France. Signed on ...
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