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

Trade Boost Expected as Second Thai-Myanmar Friendship Bridge Opens

Apr 2019 Thailand, Economy

The second Thailand-Myanmar Friendship Bridge linking Thailand’s Mae Sot district and Myanmar’s border city of Myawaddy on the Thai-Myanmar border has been officially opened ...

Sony Shifts Smartphone Production to Thailand

Apr 2019 Thailand, Manufacturing

According to media reports, Sony is closing a smartphone production plant in Beijing and shifting to Thailand. The unit has continually experienced losses over the last few ...

Samitivej Hospital Launches Virtual Medical Service App

Apr 2019 Thailand, Healthcare

Samitivej Hospital Group, a private hospital in Thailand with a network of eight hospitals and owned by Bangkok Dusit Medical Services (BDMS), recently announced the launch ...

RS Company to Focus on Retail Sector Business

Apr 2019 Thailand, Retail/FMCG

RS Media & Publishing Company (RS Media) has moved its business category in the Stock Exchange of Thailand from “media & publishing” to “commerce” with effect from March 29. ...

PTT, Gulfs Team up on EEC Ports

Apr 2019 Thailand, Infrastructure

PTT Plc, Thailand's stater-owned oil and gas conglomerate, has formed a consortium with Gulf Energy Development Plc (Gulf), one of the leading Energy producers in ...

Cross-Border Payment Solutions Involving Thailand Showcased at ASEAN Meeting

Apr 2019 Thailand, ICT

During the ASEAN (Association of Southeast Asian Nations) Central Bank Governors’ Meeting in Chiang Rai, Thailand, several cross-border initiatives on cross-border payment ...

Constant Energy to Deploy 50 MW Solar for SCG Cement Factories

Apr 2019 Thailand, Energy

Constant Energy, a renewable electricity generation and storage investment platform with offices in Thailand and France, announced on 29 March that it has executed a ...

Singapore’s Seletar Aerospace Park to Offer Indoor Testbeds for Drones

Apr 2019 Singapore, Defense/Aerospace

JTC Corporation, the government agency responsible for the development and management of industrial estates, and the Association of Aerospace Industries Singapore (AAIS) ...

Singapore Unveils Underground Space Usage Plans for 3 Pilot Areas

Apr 2019 Singapore, Infrastructure

Under its Draft Master Plan 2019 (DMP19) released on 27 March, the Urban Redevelopment Authority (URA) of Singapore has unveiled plans for underground space use in three ...

Singapore to Invest USD 60 Million in Cell Therapy Manufacturing

Apr 2019 Singapore, Healthcare

At the 11th Research, Innovation and Enterprise Council (RIEC) Meeting of the Singapore government on 27 March, it was announced that Singapore will invest SGD 80 million ...

Singapore Agrees on Mutual Recognition of Derivative Trading Venues with EU and the US

Apr 2019 Singapore, Economy

On 1 April 2019, the European Commission recognized a number of Singapore trading venues authorized by the Monetary Authority of Singapore (MAS) as eligible for compliance ...

NTUC Income Partners with ZhongAn for Digital Insurance Innovation

Apr 2019 Singapore, ICT

NTUC Income, a leading insurer in Singapore announced a partnership with ZA Tech Global Limited (ZA Tech), the business entity for overseas technological exports formed by ...

New Center in Singapore to Support Energy Sector Innovation by SMEs and Start-ups

Apr 2019 Singapore, Energy

Nanyang Technological University, Singapore (NTU), Enterprise Singapore, and the Sustainable Energy Association of Singapore (SEAS) launched a one-stop hub on 16 April to ...

New 135,700 sqm Retail Complex Opened at Singapore Airport

Apr 2019 Singapore, Retail/FMCG

On 11 April, Jewel Changi Airport (Jewel) gave selected members of the public a sneak peek into a 135,000 sqm lifestyle destination at Changi Airport, developed by Jewel ...

Makino Asia Opens Smart Factory in Singapore

Apr 2019 Singapore, Manufacturing

Makino Asia, a manufacturer of machining tools opened a new smart manufacturing facility in Singapore, built with an investment of SGD 100 million (USD 74 million). The ...

E-waste Recycling Research Center Launched Through Singapore-France Collaboration

Apr 2019 Singapore, Environment

Nanyang Technological University, Singapore (NTU) and the French Alternative Energies and Atomic Energy Commission (CEA) launched a joint research center in March 2019 to ...

PLDT Partnering with Cisco for 5G-Ready Network

Apr 2019 Philippines, ICT

US tech giant, Cisco, has bagged a multimillion-dollar deal with PLDT, the country’s largest telecommunication company, to transform its Infrastructure into a fully automated ...

Philippines Bill to Provide Incentives for Innovative Start-ups

Apr 2019 Philippines, Economy

The Philippines government is taking a significant step to make local startups more competitive in the region. Senate Bill 1532 or the Innovative Startup Act is awaiting ...

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