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

Construction on Marubeni Paperboard Mill Kicked Off

Jan 2019 Vietnam, Manufacturing

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

Jan 2019 Vietnam, Energy

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

Jan 2019 Vietnam, Retail/FMCG

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

Jan 2019 Vietnam, Infrastructure

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

Jan 2019 Thailand, Economy

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

Jan 2019 Thailand, Healthcare

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

Jan 2019 Thailand, Retail/FMCG

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

Jan 2019 Thailand, Infrastructure

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

Jan 2019 Thailand, Manufacturing

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

Jan 2019 Thailand, Energy

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

Jan 2019 Thailand, Defense/Aerospace

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

Jan 2019 Thailand, ICT

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

Jan 2019 Thailand, Environment

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

Jan 2019 Singapore, Healthcare

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

Jan 2019 Singapore, Manufacturing

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

Jan 2019 Singapore, Retail/FMCG

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

Jan 2019 Singapore, Defense/Aerospace

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 & ...

New Grant from MAS to Enhance Singapore’s Position as Enterprise Financing Hub

Jan 2019 Singapore, Economy

The Monetary Authority of Singapore (MAS) is launching a new SGD 75 million (USD 55 million) Grant for Equity Market Singapore (GEMS) in support of Singapore’s vision to ...

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