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
Thailand Launches AI Police Robot with Facial Recognition
The Royal Thai Police (RTP) has introduced the country’s first artificial intelligence (AI) police robot, deployed in Nakhon Pathom province during the Songkran festival. The ...
Thailand’s Largest Private Power Producer Invests in Telecom and AI for Renewable Expansion
Gulf Energy, Thailand’s largest private power producer, is advancing its transition toward renewable energy by expanding its activities in telecommunications and digital ...
Shell Exits Singapore Refining as Chandra Asri, Glencore Take Over
In April 2025, Shell finalized the sale of its Singapore refining and petrochemical assets to a joint venture between Indonesia’s Chandra Asri and Switzerland’s ...
Singapore Navy Successfully Tests Aster Missile Amid Major Frigate Upgrades
In April 2025, the Republic of Singapore Navy (RSN) successfully conducted a live-fire test of an Aster 15 surface-to-air missile from its lead Formidable-class frigate, RSS ...
US Tariffs Challenge Singapore’s Trade, Finance, and Manufacturing
In April 2025, the United States (US) imposed a 10% tariff on nearly all imports, including those from Singapore, under the International Emergency Economic Powers Act. ...
Cargill Unveils Transformed Innovation Center in Singapore
Cargill unveiled its transformed Innovation Center in Singapore on April 10, 2025, marking a significant milestone in advancing food innovation for Asia. Supported by the ...
Sembcorp to Build Singapore’s Largest Floating Solar Farm for Meta
In April 2025, Sembcorp Industries announced a 25-year Renewable Energy Purchase Agreement (REPA) between its wholly owned subsidiary, Sembcorp Solar Singapore Pte Ltd, and ...
Temasek Trust and LKSF Fund Singapore’s First Histotripsy Cancer Trials
The Li Ka Shing Foundation (LKSF) and Temasek Trust have jointly committed SGD 9 million (about USD 6.7 million) to support the acquisition of advanced medical systems and ...
SGTech Launches TechConnect Asia to Boost Global-Tech Ties
SGTech, Singapore’s leading technology trade association, launched TechConnect Asia, an initiative designed to bridge global technology firms with Singapore’s ...
DHL Unveils USD 11.2 Million Pharma Hub in Singapore
DHL Supply Chain has launched a new EUR 10 million (USD 11.2 million) Pharma Hub in Singapore, marking a significant expansion of its life sciences and healthcare (LSHC) ...
Milliken Opens First Chemical Plant in Asia, Launches Advanced Manufacturing Hub in Singapore
Milliken & Company, a global leader in specialty chemicals and advanced materials, officially inaugurated its first chemical manufacturing facility in Asia in April 2025, ...
Foodpanda Automates Singapore Dark Stores to Accelerate Grocery Deliveries and Personalize Shopping
Foodpanda has taken a major step in Singapore by automating its “dark stores”-dedicated retail warehouses that support its Pandamart cloud grocery service. The company is ...
France’s HDF Energy Partners with Indonesian Agencies to Advance Hydrogen-Based Maritime Decarbonization
In a major move to support Indonesia’s energy transition, PT HDF Energy Indonesia—a subsidiary of France-based HDF Energy specializing in large-scale hydrogen ...
Indonesia Teams Up with Denmark’s Vestas to Launch Wind Energy Project
Indonesia’s state-owned power company, PT PLN Nusantara Power, has entered into a partnership with Denmark-based Vestas Development to advance wind energy projects across the ...
Qatar and Indonesia’s Sovereign Wealth Fund to Jointly Invest USD 4 Billion
Indonesia’s sovereign wealth fund, Danantara, and the government of Qatar have agreed to establish a USD 4 billion investment fund jointly focused on Indonesia, marking ...
Turkish Company to Set Up Joint Defense Manufacturing Facility in Indonesia
Türkiye’s state-owned defense contractor Roketsan has signed an agreement with Indonesia to establish a joint defense production facility, as confirmed by the company’s CEO ...
UAE Company Plans Major Investment in Indonesia’s Dairy Industry
Al-Ain Farms, a leading dairy producer based in the United Arab Emirates, is poised to invest in Indonesia as the country aims to reduce its dependence on milk imports. ...
Korean Food Company Paldo to Introduce Pororo Kids Drinks in Indonesia
Korean food company Paldo announced plans to launch its popular Pororo children’s beverage in Indonesia this year by partnering with local distributor Indofood Group. ...
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