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

Thai Companies Collaborate to Develop Drone Technology

Thai company Advanced Info Service (AIS) is collaborating with AI & Robotics Ventures (ARV), a subsidiary of PTT Exploration and Production (PTTEP), to deploy an ...

Thailand to Incentivize Film Production in the Wake of Korea Drama Success

The government of Thailand has recently announced plans to introduce additional tax breaks and other incentives aimed at incentivizing foreign film producers to conduct their ...

Singaporean Company Advances Production of Green Steel in Thailand

Singaporean steel company Meranti Steel has taken a significant step towards new green steel production in Thailand as it establishes a strategic cooperation with Bangkok ...

Thai Hospital and Local IT Specialist to Digitize Elderly Care

Thai IT specialist NEC Corporation has signed a Memorandum of Understanding (MoU) with Thammasat University Hospital to collaborate on developing a digital platform to ...

Three Thai Provinces Join the ASEAN Smart Cities Network

Thailand’s Digital Economy and Society Ministry (DES) recently announced that three new Thai provinces are now part or the ASEAN Smart Cities Network (ASCN), namely Chiang ...

US Company to Launch Schneider’s First Super Fast Charger in Thailand

American eMobility specialist EVLOMO is collaborating with French multinational company Schneider Electric to install 100 electric vehicle (EV) fast chargers in Thailand by ...

French Automotive Specialist to Construct Seat Assembly Plant in Thailand

FORVIA, a French company that ranks as the world’s 7th largest supplier of automotive technologies, is partnering with BYD for the construction of a new seat-assembly plant ...

Starbucks Aims for 800 Stores in Thailand by 2030

Starbucks recently celebrated its 25th anniversary in Thailand, announcing a large expansion of its store network in the country. Specifically, the American company set the ...

Astranis to Launch Dedicated Satellite Internet for the Philippines

Astranis, an American space-based internet start-up, has signed a new deal to launch and operate a dedicated satellite for the Philippines which will provide enough bandwidth ...

South Korea Keen on Supporting the Philippines’ Plan to Revive the Bataan Nuclear Power Plant

The South Korean government has reiterated its commitment to support the Philippines’ energy sector, including its plan to revive the Bataan Nuclear Power Plant. The Korean ...

The Philippines Debuts Fourth-Generation Light Rail Vehicles Backed by Japanese Technology

The Philippines has unveiled new fourth-generation light rail vehicles (LRVs) made using Japanese technology as part of the government’s train modernization program. The ...

New Multi-specialty Hospital to be Built in Clark, Pampanga

The Philippines is building a new medical specialty center, the Clark Multi-Specialty Hospital, that will serve Central and Northern Luzon. The hospital will be constructed ...

Manila Water to Start Construction of a USD 139 Million Water Treatment Plant

Water concessionaire Manila Water is set to build a new 200 million liters per day (MLD) water treatment plant (WTP) which will provide an additional supply of potable water ...

Brazil’s Postal Service Correios Signs Agreement with Shopee to Sell Products in Asia

Brazil’s postal service Correios announced in late July 2023 that it had signed an agreement with shopping app Shopee to boost exports of Brazilian products to ...

Silicon Box Launches World’s Most Advanced Semiconductor Interconnection Facility in Singapore

In July 2023, Singapore-based semiconductor start-up Silicon Box unveiled its USD 2 billion factory in Tampines, designed to manufacture semiconductor chiplet ...

New Innovative Solutions to be Trialed at the Jurong Lake District

The eight projects that won the first Jurong Lake District (JLD) Innovation Challenge were unveiled at the Urban Redevelopment Authority (URA) Centre in mid-July. Organized ...

Thomson Medical buys Vietnam’s Largest Private Hospital for USD 380 million

Singapore-listed Thomson Medical Group (TMG) has announced that it had purchased FV Hospital, Vietnam’s largest private healthcare group, for USD 380 million. The purchase is ...

Singapore to Adopt Electric Harbor Craft

In mid-July, the Maritime and Port Authority of Singapore (MPA) issued an Expression of Interest (EOI) for companies to submit proposals to design and promote the adoption of ...

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