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
Sarawak Deepens Amazon Web Services Collaboration to Position Itself as Regional Tech Hub
Sarawak’s state tech training agency, The Centre for Technology Excellence Sarawak (CENTEXS), has strengthened its collaboration with Amazon Web Services (AWS) to drive ...
Malaysia’s Betamek Partners with SiGenex to Scale AI-Integrated Genetic Diagnostics
Betamek Bhd, a Malaysian electronics manufacturing services (EMS) provider for the automotive industry, is expanding into the biotechnology sector through a strategic ...
Singapore Strengthens Global Trade Links with Pacific Alliance FTA and Landmark EU Digital Agreement
In May 2025, Singapore achieved two significant milestones in its international trade strategy with the activation of the Pacific Alliance–Singapore Free Trade Agreement ...
Singapore Navy to Deploy Unmanned Mine Countermeasure Fleet from 2027
The Republic of Singapore Navy (RSN) will begin deploying a new fleet of unmanned mine countermeasure (MCM) systems from 2027, as part of its ongoing efforts to modernize ...
Changi Airport Launches USD 3.5 Billion Terminal 5 Expansion with Major Construction Contracts
Changi Airport Group has awarded two major construction contracts worth about SGD 4.75 billion (approximately USD 3.5 billion) for the development of Terminal 5 (T5), marking ...
Singapore Launches Government-Owned GasCo to Secure Stable, Affordable Natural Gas Supply for Power Sector
Singapore has launched Singapore GasCo, a fully government-owned entity established to centralise the procurement and supply of natural gas for the country’s power sector. ...
WEF Launches Asia-Pacific Ocean Startups Hub in Singapore
In April 2025, the World Economic Forum (WEF) launched the Asia-Pacific chapter of its 1000 Ocean Startups coalition in Singapore, aiming to bolster ocean-focused innovation ...
Shopee Parent Launches Monee HQ in Singapore, Expands Fintech Vision
Sea Group, the parent company of Shopee and Garena, inaugurated its new global headquarters for digital financial services in Singapore in May 2025 and rebranded its fintech ...
Cariflex Opens USD 355 Million Latex Plant in Singapore
Cariflex, a global leader in polyisoprene rubber latex and a subsidiary of South Korea’s DL Chemical, officially opened the world’s largest polyisoprene latex plant on Jurong ...
Singapore Unveils Major Aquaculture Expansion in East Johor Strait to Strengthen Seafood Supply
Singapore is set to significantly expand its aquaculture operations in the East Johor Strait from 2026, with the Singapore Food Agency (SFA) planning to release 117 hectares ...
Emirates Unveils Flagship World Retail Store in Singapore
Emirates has officially opened its first Emirates World retail store in Singapore, marking a significant milestone in the airline’s 35-year history in the country and ...
BIOTRONIK Opens Major Asia-Pacific Manufacturing and Research Hub in Singapore to Drive Cardiac Innovation
BIOTRONIK, a leading German medical technology company specializing in cardiovascular devices, has opened a new Asia-Pacific Manufacturing and Research Hub in Singapore. The ...
Vietnam Deepens AgriTech and Innovation Ties with Germany and Austria
Vietnam is strengthening strategic partnerships with Germany and Austria to advance its agriculture and high-tech sectors, in line with its 2045 vision for a high-income, ...
Vietnam and France Forge Ahead in Space and Aerospace Partnership
Vietnam Academy of Science and Technology (VAST), Airbus Defence and Space, and France’s national space agency, CNES, signed a landmark cooperation agreement on May 26 at ...
Vietnam’s FDI Momentum Builds on Reforms, Tech-Driven Projects, and Global Confidence
Since the beginning of this year, Vietnam has secured USD 13.82 billion in newly registered foreign direct investment (FDI), representing an increase of nearly 40% ...
Vietnam Cuts LNG Import Tariff to Accelerate Clean Energy Transition
The Vietnamese Government has reduced the import tariff on liquefied natural gas (LNG) from 5% to 2% under Decree No. 73/2025/NĐ-CP, issued on March 31. This move is seen as ...
Vietnam Poised to Become Regional Circular-Economy Hub
Vietnam is making significant strides toward becoming a regional leader in the circular economy, leveraging its existing plastic recycling capacity, deep-rooted traditional ...
Vietnam and France Seal Vaccine Technology Transfer Deal
On May 26, during French President Macron’s state visit, Vietnam Vaccine JSC (VNVC) and French pharmaceutical leader Sanofi signed a pivotal agreement to transfer vaccine ...
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