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

Mandatory Health Insurance for Long-Stay Foreigners in Thailand

Jun 2019 Thailand, Healthcare

Thai authorities are in the process of preparing guidelines for new rules requiring foreigners aged 50 and above living in Thailand to buy health insurance from July onwards. ...

Korea Aerospace Industries Signs Deal with Thai Air Force

Jun 2019 Thailand, Defense/Aerospace

In May 2019, Korea Aerospace Industries (KAI) announced that it was awarded a USD 52 million contract to upgrade the Royal Thai Air Force’s (RTAF) fleet of T-50TH Golden ...

Hitachi Launches Vehicle Sharing Service for Thailand’s Logistic Sector

Jun 2019 Thailand, Infrastructure

In May 2019 it was announced that Hitachi Asia (Thailand) and Hitachi Transport System Vantec (Thailand) will roll out a vehicle sharing service from June 2019 in Thailand. ...

Fraser and Neave Acquires Starbucks Thailand

Jun 2019 Thailand, Retail/FMCG

Fraser and Neave (F&N), a Singapore-headquartered conglomerate with interests in food and beverage and real estate, bought the Starbucks Thailand coffee chain which has more ...

ST Engineering announces Joint MRO Venture with Vietnam Airlines

Jun 2019 Singapore, Defense/Aerospace

The Aerospace division of Singapore Technologies Engineering (ST Engineering) and Vietnam Airlines Engineering Company (VAECO) have incorporated a new joint venture. JVCo, or ...

Soon to Reopen Funan Mall to Use Innovative Retail Technology

Jun 2019 Singapore, Retail/FMCG

Singapore’s Funan Mall, being built on the site of the former IT-focused Funan Digital Life Mall, is set to open ahead of schedule after a three year redevelopment phase. The ...

Singapore Tops Global Economic Competitiveness Ranking

Jun 2019 Singapore, Economy

Singapore has been ranked as the world’s most competitive economy for the first time since 2010, in a yearly ranking of 63 countries by the IMD World Competitiveness Centre, ...

Singapore Government to Award ICT Contracts Worth SGD 2.5-2.7 Billion During FY19

Jun 2019 Singapore, ICT

During FY19 (April 2019 – March 2020), the Singapore government expects to award ICT contracts worth SGD 2.5 -2.7 billion (USD 1.83 billion - 2.05 billion). Small and Medium ...

NTU and NEA Launch New Waste-to-Energy Research Facility

Jun 2019 Singapore, Environment

Nanyang Technological University (NTU) and the National Environment Agency (NEA) of Singapore launched a new research facility that turns waste from the NTU campus into ...

Kimberly-Clark Invests SGD 25 million in Tuas Plant

Jun 2019 Singapore, Manufacturing

Signaling its third investment in four years, Kimberly-Clark announced a new investment of SGD 25 million (USD 18.3 million) in its factory in Tuas, Singapore, which aims ...

EMA Announces Energy Partnerships with PSA and Shell

Jun 2019 Singapore, Energy

The Energy Market Authority (EMA) of Singapore announced two new EMA partnerships that total a combined USD 12 million. The aim is to support the uptake of new energy storage ...

Center for Healthcare Innovation Launched at Tan Tock Seng Hospital

Jun 2019 Singapore, Healthcare

Singapore's Ministry of Health recently opened the Ng Teng Fong Center for Healthcare Innovation at Tan Tock Seng Hospital (TTSH). The Ng Teng Fong Center is one of the 9 new ...

BCA Singapore Piloting Voluntary Maintainable Design Appraisal System

Jun 2019 Singapore, Infrastructure

The Building and Construction Authority of Singapore is piloting a new voluntary Maintainable Design Appraisal System to assess building designs' degree of ...

Sangley Point to Handle General Aviation by December

Jun 2019 Philippines, Defense/Aerospace

Several domestic flights from the Ninoy Aquino International Airport (NAIA) in Manila will soon be transferred to Sangley Point Air Base in Cavite to ease airport congestion ...

Philippines and South Korea Aim to Conclude FTA Negotiations by November 2019

Jun 2019 Philippines, Economy

The Philippines and South Korea have kickstarted negotiations for a Free Trade Agreement (FTA) aiming to conclude the negotiations during the South Korea – ASEAN Summit in ...

Philippine Government Aims to Attract Investment in E-vehicle Manufacturing

Jun 2019 Philippines, Manufacturing

The Philippines' Department of Trade and Industry (DTI) is promoting opportunities in the e-vehicle (EV) industry in the country. In a recent high-level roundtable meeting in ...

MOS Burger from Japan to Enter the Philippines

Jun 2019 Philippines, Retail/FMCG

Burger chain operator, Mos Food Services Inc, from Japan will open its first Philippines outlet by the end of March 2020, in partnership with a local dining chain. The ...

Japan Extends USD 202 Million Loan for Road Projects in Mindanao, Philippines

Jun 2019 Philippines, Infrastructure

As part of the current Philippine government's ambitious USD 156 billion accelerated Infrastructure spending and development until 2022, the country recently secured a USD ...

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