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

CPTPP Takes Effect in Vietnam in January 2019

On January 14, 2019, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) officially came into effect in Vietnam. The country's National Assembly ...

Construction on Marubeni Paperboard Mill Kicked Off

The Japanese group, Marubeni, has started the construction of paperboard mill plant in the North of Ba Ria Vung Tau Province in January, 2019. The project which is worth VND ...

Construction Initiated on USD 150 Million Solar Plant in Tra Vinh

Trung Nam Tra Vinh Solar Power JSC has recently initiated construction of solar power plants, valued at VND 3.55 trillion (more than USD 150 million), in Duyen Hai Township, ...

Beauty and Healthcare Giant Watsons Enters Vietnam

The leading health and beauty retail brand in Asia and Eastern Europe, Watsons has launched its first flagship store in Vietnam on Jan 17, 2019. The store is strategically ...

70 Transportation Projects to Start in HCMC in 2019

Ho Chi Minh City's department of Transportation has annouced its plan to start the construction of around 70 projects this year, including 45 projects for upgrading and ...

Thailand Seeking Chinese Investment for EEC

Under the Thai government’s economic agenda, Rayong, and two other neighboring provinces, Chonburi and Chachoengsao will form the Eastern Economic Corridor (EEC). Stretching ...

Thailand May Become the Worlds Powerhouse of Medical Marijuana

Thailand is on the brink of becoming the first Southeast Asian nation to legalize Medical marijuana, hoping to become a powerhouse in a globally exploding market. In the ...

Taco Bell Debuts in Thailand

American company Taco Bell will partner with Siam Taco Co Ltd to bring its Mexican-inspired cuisine to Thailand for the first time.  Early in 2019, Taco Bell will open its ...

SRT Assessing Bids for High-Speed Rail Linking Three Airports

The State Railway of Thailand (SRT) is still considering bids for a high-speed railway project connecting three major airports. So far the Charoen Pokphand Group (CP)-led ...

Prinx Chengshan Investing USD 25 Million in New Tire Factory in Thailand

Chinese company, Prinx Chengshan, announced in January 2018 that it will invest 19 million GBP in a new tire factory in Thailand. The factory will be located across three ...

Greater Reliance on Natural Gas in Thailand’s Latest Power Plan

Thailand’s government has reconfirmed its commitment to gas in its new Power Development Plan (PDP), which sets a target for gas to generate 53% of the country’s power in ...

Draft Bill in Thailand to Allow 100% Foreign Ownership in Selected Aerospace Sectors

In December 2018 Thailand approved a draft bill for the air navigation law that lets foreign investors who win Board of Investment (BoI) promotional privileges to own up to ...

Digital ID in Thailand Entering Test Phase

Thailand's national digital ID service is expected to be available to the public in the next 3-5 months after undergoing testing. The system is intended to enhance digital ...

B.Grimm Starts Operations at 30.8 MW of Thai Solar Parks

Thai company, B.Grimm, has launched commercial operations at seven solar photovoltaic (PV) parks at home with a combined capacity of 30.83 MW. Four of the plants are ...

Singapore-Based Digital Healthcare Company Partners with AIA

Singapore-based digital managed care platform MyDoc is partnering with global insurance company, AIA, to create its first digitally integrated corporate health screening ...

Singapore Launches First Half 2019 Industrial Government Land Sales Program

The Ministry of Trade and Industry (MTI) of Singapore has launched its Industrial Government Land Sales (IGLS) programme for the first half of 2019 (1H 2019). There will be 5 ...

Singapore Considering Banning, Taxing High Sugar Beverages

The Ministry of Health (MOH) and the Health Promotion Board (HPB) of Singapore are conducting a public consultation from 4 December 2018 to 25 January 2019  to seek views ...

Pratt & Whitney’s Singapore Engine Center Starts GTF Overhauls

Pratt & Whitney's Singapore engine center, Eagle Services Asia (ESA), a member in the global network of maintenance, repair and overhaul (MRO) facilities that service Pratt & ...

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