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
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 & ...
New Grant from MAS to Enhance Singapore’s Position as Enterprise Financing Hub
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 ...
Neste Investing USD 1.6 Billion to Boost Biofuel Production Capacity in Singapore
Finnish biofuel producer, Neste Corporation, revealed plans for an EUR 1.4 billion (USD 1.6 billion) investment to boost its renewable products production capacity ...
LTA Awards Six Contracts for North-South Corridor Tunnels
The Land Transport Authority (LTA) announced on December 26 that it has awarded six contracts totaling SGD 3.14 billion to design and construct the tunnels and commuter ...
KKR Invests USD 33 Million in Singapore Energy Savings Company
Global private equity firm, KKR & Co. is buying a stake valued at SGD 45 million (USD 33 million) in Barghest Building Performance, a Singapore provider of energy saving ...
Equinix to Open Fourth Data Center in Singapore
Equinix, Inc., the global interconnection and data center company, announced on January 7 that it will build its fourth International Business Exchange (IBX) data center ...
Economic Development Board of Singapore Restructures Operations
According to a report in the Straits Times, dated 7 January, 2019, the Economic Development Board of Singapore has sorted its staff into three 'streams' to help build deeper ...
Vista Land Plans to Adds 7 New Malls to its Portfolio by 2020
Vista Land & Lifescapes Inc, one of the largest property companies in the Philippines, plans to complete seven new malls over the next two years that will add 274,000 square ...
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