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

TMB Bank and KBank’s e-KYC Platforms Graduate from Regulatory Sandbox

Apr 2020 Thailand, ICT

Platforms for opening bank accounts using electronic Know Your Customer (e-KYC) from TMB Bank and Kasikornbank (KBank) recently graduated from the Thai central bank's ...

Thailand’s Don Mueang International Airport to be Upgraded

Apr 2020 Thailand, Infrastructure

A plan is underway to expand Bangkok's Don Mueang International Airport, with Thailand's airport authorities having approved a master plan for the third-phase development, ...

Thailand-based Super Energy Acquires Controlling Stakes in Vietnam’s Solar Projects

Apr 2020 Thailand, Energy

Headquartered in Bangkok, Super Energy Corporation recently announced investment plans for four solar plants in the Binh Phuoc Province of Vietnam, with a total installed ...

Thai Startup Siam Seaplane to Launch in 2020

Apr 2020 Thailand, Defense/Aerospace

Thai startup Siam Seaplane is planning to commence commercial operations at the end of the second quarter of 2020. The destinations being planned are all within a maximum of ...

Thai Oil Kicks Off Clean Fuel Project

Apr 2020 Thailand, Environment

Thai Oil Plc, Thailand's biggest oil refiner by capacity, has officially launched its Clean Fuel Project (CFP), which aims at increasing its oil refining capacity from ...

Thai Government Study Finds CPTPP Trade Agreement Would Boost GDP

Apr 2020 Thailand, Economy

A study conducted by Thailand's Department of Trade Negotiations found that joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), would ...

Sanmina Corporation Expanded its Facility in Thailand

Apr 2020 Thailand, Manufacturing

Sanmina Corporation, an American electronics Manufacturing services provider and Fortune 500 company, recently announced the expansion of its facility in Thailand. The site ...

Japanese Discount Retail Chain Launches Second Store in Thailand

Apr 2020 Thailand, Retail/FMCG

Despite the impact of the COVID-19 outbreak on the retail sector, Japanese discount chain store Don Don Donki has expanded its retail network by opening a second outlet in ...

AIA, True Digital Group, Samitivej Launch Free COVID-19 Teleconsultation Service

Apr 2020 Thailand, Healthcare

In early April 2020, insurer AIA Thailand in collaboration with True Digital Group, a subsidiary of leading telecommunications firm, True Corporation and hospital operator ...

Singapore’s Quantum Engineering Programme Strengthened by Partnership Between NUS and IBM

Apr 2020 Singapore, ICT

Tech titan IBM and the National University of Singapore (NUS) have announced a three-year collaboration in quantum computing research and training. This partnership is the ...

Singapore Startup Doctor Anywhere Raises USD 38m for Regional Expansion

Apr 2020 Singapore, Healthcare

Doctor Anywhere, a telehealth company founded in Singapore in 2015, recently raised USD 27 million in a series B round to drive its international expansion plans. With this ...

Singapore Concludes Negotiations for Digital Economy Agreement with Australia

Apr 2020 Singapore, Economy

Singapore and Australia have concluded negotiations for a Singapore-Australia Digital Economy Agreement (DEA). The DEA will create a framework for deeper cooperation in the ...

Sembcorp Design and Construction to Build Biosolids Treatment Facility for Tuas Water Reclamation Plant

Apr 2020 Singapore, Environment

Singapore's National Water Agency PUB has awarded Sembcorp Design and Construction (SDC) the contract to build the biosolids treatment facility for the Tuas Water Reclamation ...

Open Source Tech-Based Urban-Planning Solution Being Developed in Singapore

Apr 2020 Singapore, Infrastructure

ST Engineering recently announced its collaboration with Singapore's Urban Redevelopment Authority (URA) to work on an Urban Planning Solution that supports global ...

LYS Energy Group Receives USD 14 Million Green Loan from UOB

Apr 2020 Singapore, Energy

LYS Energy Group (LYS), a Singaporean solar independent power producer (IPP), has received a USD 14 million loan from United Overseas Bank (UOB). The credit is issued under ...

Hyundai Motor to Open Mobility Global Innovation Center in Singapore

Apr 2020 Singapore, Manufacturing

In March 2020, Hyundai Motor Company announced plans to establish a Hyundai Mobility Global Innovation Center in Singapore (HMGIC), with support from the Singapore Economic ...

Enterprise Singapore Announces Support Package to Help SME Retailers Sell Online

Apr 2020 Singapore, Retail/FMCG

Enterprise Singapore (ESG), the government agency which supports enterprise development, has launched a support package to help SME retailers, who have little or no ...

BEUMER Group to Upgrade Changi Airport’s Baggage Handling System

Apr 2020 Singapore, Defense/Aerospace

The German BEUMER Group, a global leader in the design and manufacture of intralogistics systems, has been awarded a contract to upgrade the Baggage Handling System (BHS) at ...

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