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

American Early Childhood Learning Brand Launches in Singapore

Lovevery, the global early childhood brand, has announced the launch of its early learning program, The Play Kits,  in Singapore. The latest APAC expansion comes one year ...

Italian Braking Systems Specialist Constructs Factory in Thailand

Brembo, an Italian company leader in braking systems, just commenced construction of its first production site in Thailand. The investment, totaling approximately EUR 40 ...

Malaysia and Japan Strengthen Ties with Halal MOUs to Boost Trade and Certification Standards

Malaysia further solidified its position as a global halal hub by signing two Memoranda of Understanding (MOUs) with Japan. These agreements aim to enhance international ...

IKEA Expands Reach Across the Philippines with Enhanced Services

IKEA, the renowned furniture retailer, is expanding its reach in the Philippines to key cities like Davao, Cagayan de Oro City, and Iloilo City. This expansion signifies ...

Phuc Long Coffee & Tea targets Hanoi and Ho Chi Minh City

Masan Group’s Phuc Long Coffee & Tea is pivoting its strategy from focusing on WinMart coffee kiosks to expanding its network of coffee shops in Vietnam’s key ...

American Biotechnology Company to Open Spider Silk Production Facility in Vietnam

American biotechnology company Kraig Biocraft Laboratories (Kraig Labs) has announced the commencement of a new recombinant spider silk production center in Lam Dong Province ...

Singapore’s CAI to Manage Vietnam’s Cam Ranh International Airport

Singapore’s Changi Airports International (CAI) has entered into a partnership with Cam Ranh International Joint Stock Company (CRTC) to manage Terminal 2 of Cam Ranh ...

Vietnam International Bank to Upgrade Cloud Core Banking System

Vietnam International Bank (VIB) has teamed up with Amazon Web Services (AWS) and Switzerland-based technology solutions provider ITSS to deploy the latest version of the ...

South Koreaan Pharmaceutical Specialist to Expand Presence in Vietnam

South Korean pharmaceutical company Genuone Sciences has recently formed a partnership with Vietnam’s pharmaceutical manufacturer Imexpharm in a strategic movement to expand ...

Vietnam’s Tech Champion Partners with Japan’s Carbon EX to Foster the Carbon Market

Vietnam’s leading ICT company, FPT Group, has signed an MoU with Carbon EX, a Japanese platform for trading carbon credits, to foster Vietnam’s carbon market and work ...

Vietnam to Boost Green Hydrogen Industry, Sets Targets for 2030

Vietnam has announced to implement the Prime Minister’s decision No.165 on the strategy to promote hydrogen until 2030, with a vision to 2050. Accordingly, the country aims ...

Vietnam Introduces New Incentives for Investment into Hi-tech Parks

The Vietnamese Government has introduced new incentive packages to stimulate investments in hi-tech parks. Decree No. 10/2024/NĐ-CP stipulates that hi-tech parks will receive ...

Japanese Specialist Partners with Vietnam’s Environmental Agency for Satellite Sensing Technology

Synspective, a Japanese Synthetic Aperture Radar (SAR) satellite data and analytics solution provider, recently entered into an agreement with the National Remote Sensing ...

Singaporean Specialist Opens the Largest Insect Protein Plant in Vietnam

Entobel, a Singaporean specializing in the production of functional insect protein for animal and plant nutrition, recently inaugurated a new black soldier fly (BSF) ...

Japanese Confectionery Specialist to Strengthen Chocolate Supply Chain in Indonesia

Chateraise, a Japanese confectionery company, just announced plans to aid local cacao production and strengthen the chocolate supply chain. This initiative aims to enhance ...

French Yeast Manufacturer Opens New Factory in Indonesia

Lesaffre, a French manufacturer specializing in fermentation and microorganisms, recently inaugurated its latest venture in Indonesia: a new manufacturing facility dedicated ...

Recce Pharmaceuticals Forges Strategic Partnership in Indonesia

Recce Pharmaceuticals Limited, known for its innovative synthetic anti-infectives, recently signed a Memorandum of Understanding (MoU) with PT Etana Biotechnologies (Etana), ...

L&T Construction Wins Jakarta MRT Phase 2A Contract

The Railways Strategic Business Group of L&T Construction has recently won a contract to build the Jakarta Mass Rapid Transit (MRT) Project (Phase 2A) for MRT Jakarta. ...

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