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

International Finance Corporation to Support Thailand’s Water Sector

The International Finance Corporation (IFC) and Thailand’s Ministry of Interior have signed a memorandum of understanding (MoU) to help strengthen the Southeast Asian ...

Italian Bicycle Tire Manufacturer Opens Green Factory in Thailand

Italian bicycle tire manufacturer Vittoria just announced the opening of a new factory in Thailand dedicated to the production of cotton tubular and clincher bicycle ...

Thai Retail Giants Compete for Warehouse Store Market

Thai giant Central Group is reportedly defending its status as the country’s retail leader with an expansion into warehouse food stores, challenging its competitor ...

Number of Foreign Franchise Brands in the Philippines Growing

The Philippines, considered one of the largest franchise markets in Southeast Asia, expects more international franchise brands to enter the market. This is according to the ...

Iloilo City Taps Private Firm to Turn Plastic Into Fuel

The Iloilo City government has entered into an agreement with a supplier of construction materials to turn waste materials into fuel. City Environment and Natural Resources ...

TotalEnergies ENEOS Signs Largest Solar Rooftop Project in the Philippines

Singapore-based TotalEnergies ENEOS has signed a 10-year agreement with Real Steel Corporation (RSC), a leading steel manufacturer, to provide a 16.8 megawatt-peak (MWp) ...

The EU Inks USD 65 Million Financing Deal for the Green Economy Program with Philippines

The European Union (EU) Commission stated that the EUR 60 million (USD 65 million) Financing Agreement aims to assist the Philippines in renewing its economy. This includes ...

NEDA to Strengthen the Dialysis Center at the Baguio General Hospital and Medical Center

The National Economic and Development Authority (NEDA) approved to strengthening the dialysis center in the biggest state-run tertiary hospital in the Cordillera ...

US and Philippine Firms Explore Partnership in the 1st US Agricultural Technology Trade Mission to the Philippines

The US government, through the US Commercial Service, sent its first Agricultural Technology Trade Mission to Davao City and Manila to explore trade and investment ...

Unilever Philippines Scales Personal Care Production By 15% with Powerhouse Factory

Unilever Philippines has opened a production powerhouse in Cavite for its Beauty & Wellbeing and Personal Care businesses. The EUR 80 million (USD 86.8 million) ...

Philippines’ Naval Aviation Unit Bares Modernization Plans

The Philippine Navy’s Aerial Unit disclosed modernization plans on its anniversary, including a move towards the procurement of new assets, in view of the growing ...

The Future of Infrastructure in Metro Manila

Physical connectivity has always been a big problem in the cities of Metro Manila. Being a car-centric society, Metro Manila has one of the busiest streets in the world. ...

Philippine Government Pushes USD 1.7 Billion Projects to Boost Digital Finance

The government is pushing for USD 1.7 billion worth of projects to boost digital connectivity in the country in a bid to fuel economic growth. Finance Secretary Benjamin ...

Ho Chi Minh City to Employ Advanced Technology for Sustainable Agriculture

According to the city’s Department of Agriculture and Rural Development (DARD), Ho Chi Minh City (HCMC) is planning to develop sustainable urban agricultural production by ...

Vietnam Airlines to Partner with Spanish Company to Implement PSS Technology

Amadeus, a Spanish multinational technology firm that offers software solutions for the global travel and tourism industry, signed an agreement with Vietnam Airlines to ...

Vietnam to Collaborate with US in Constructing the First Semiconductor Plant

Vietnam is holding talks with chips companies to draw investment in the country and possibly building its first chipmaking plant. The talks followed a historic upgrade ...

Vietnam to Collaborate with International Partners in the Energy Sector

The Korean conglomerate SK Group recently invested USD 30 million in a Vietnamese startup fostering agency, while also expanding its collaboration with the Vietnamese ...

Green Production to Become Key Concept for Vietnamese Exporters

Vietnamese exporters are adjusting their businesses to the low-carbon consumption trend which is encouraging firms to implement green production. This is considered a ...

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