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

Bamboo Airways to Launch IPO in the US, Expands to Europe, Asia Pacific and North America

Apr 2021 Vietnam, Defense/Aerospace

Vietnamese airline Bamboo Airways has announced plans to raise up to USD 200 million in an initial public offering (IPO) in the United States, potentially securing a market ...

Singapore’s Sky Urban Solutions Launches Micro-Farming Solutions

Apr 2021 Singapore, Agrifood

Singapore's first commercialized vertical farm company Sky Urban Solutions has launched a new micro-farming system that combines aquaculture, vertical vegetable farming, and ...

Opportunities for High Tech Shrimp Farming in Vietnam

Apr 2021 Vietnam, Agrifood

High tech shrimp farming is gaining traction in Vietnam. For instance, the province of Bac Lieu, in the Mekong Delta, recently revealed plans to expand super - intensive ...

Malaysia Launches QR Code to Trace Origins of Imported Beef

Apr 2021 Malaysia, Agrifood

The Department of Islamic Development Malaysia (JAKIM), which is the agency responsible for overseas halal certification in Malaysia, has released a draft of the Malaysia ...

Dutch Manufacturer to have USD 265 Million Milk Factory Operating in 2023

Apr 2021 Indonesia, Agrifood

Milk manufacturer PT Frisian Flag Indonesia (FFI) has begun developing a new production facility worth IDR 3.8 trillion (USD 264.6 million) at the Cikarang industrial ...

CP Foods Partners with Chiang Mai University for Insect-based Protein

Apr 2021 Thailand, Agrifood

Agro-industrial and food conglomerate Charoen Pokphand Foods PCL (CP Foods) has signed a Memorandum of Understanding (MoU) with Chiang Mai University to develop insect-based ...

Bayer Builds a Vegetable Farm in Laguna

Apr 2021 Philippines, Agrifood

German pharmaceutical and agricultural firm Bayer has built a second vegetable farm in the Philippines in line with its push for sustainable farming. Situated beside ...

PH’s Largest Sardines Brand on Expansion Spree

Mar 2021 Philippines, Retail/FMCG

The Philippines' largest sardines brand, Mega Global Corporation, continues on its biggest expansion in the company’s history, a response to the double-digit growth in ...

More Luxury Companies Attracted by the Vietnamese Market

Mar 2021 Vietnam, Retail/FMCG

The Vietnamese market is attracting a growing number of global luxury companies. According to Statista, Vietnam’s luxury goods market is estimated to reach USD 1.14 billion ...

LIXIL Launches DTC Flagship Store in Singapore

Mar 2021 Singapore, Retail/FMCG

Japanese company LIXIL, the largest housing and building materials company in Japan, has launched a flagship showroom in Singapore. The 6,000 square feet store ...

Indonesia’s E-Grocery Market to Reach USD 6 Billion by 2025

Mar 2021 Indonesia, Retail/FMCG

The COVID-19 pandemic is having a positive impact on the e-grocery market in Indonesia. While currently valued at USD 1 billion, the market is estimated to reach USD 6 ...

FGV Enters Animal Feed and Nutrition Segment with ALMA Brand

Mar 2021 Malaysia, Retail/FMCG

FGV Integrated Farming Holdings, a subsidiary of Malaysia’s largest agricultural and agri-commodities company, FGV Holdings Bhd, has entered the animal feed and nutrition ...

Bangkok to Have New Lifestyle Mall in 2022

Mar 2021 Thailand, Retail/FMCG

Property developer Boutique Corporation Public Company Limited is building a lifestyle community mall in Charoenkrung, a major road in Bangkok, that combines the very best of ...

Thammasat University Building Thailand’s First Medical Hub

Mar 2021 Thailand, Healthcare

Founded in 1934, Thammasat University (TU) is the second oldest university in Thailand. Today, Thammasat University is developing Thailand’s first medical hub with complete ...

Medgate Philippines Named Top Telehealth Provider in Asia Pacific

Mar 2021 Philippines, Healthcare

Healthcare Tech Outlook, an international healthcare technology print and digital magazine, has named Medgate Philippines as one of the top ten companies at the forefront of ...

Indonesia to Establish Elderly Medical Tourism in Bali

Mar 2021 Indonesia, Healthcare

Indonesia has announced that it will establish a new Health Special Economic Zone (SEZ) in the Sanur area of Bali. The area will be dedicated to medical tourism targeting ...

DoctorOnCall Partners with Insurance Companies to Expand Malaysia’s Digital Healthcare Services

Mar 2021 Malaysia, Healthcare

Malaysia’s largest digital healthcare platform, DoctorOnCall, is partnering with two of the major insurance companies in the country — namely Great Eastern Life Malaysia and ...

New Telehealth Regulations in Vietnam

Mar 2021 Vietnam, Healthcare

Hospitals and medtech businesses are expected to benefit from the advancement of the legal framework on telehealth in Vietnam. Importantly, in March 2021 the Deputy Minister ...

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