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

Leading EV Manufacturer to Establish Operations in Thailand

Guangzhou Automobile Corp (GAC), a leading electric vehicle (EV) manufacturer, recently announced it plans to develop Thailand into a global production hub for its right-hand ...

PTTEP to Spearhead Solar Power for Petroleum Production in Thailand

Thai petroleum exploration and production company PTT Exploration and Production Public Company Limited, also known as PTTEP, recently launched a solar power project under ...

Airports of Thailand to Launch a New Terminal

Airports of Thailand (AOT) is preparing to soft-launch the Satellite 1 (SAT-1) terminal at Suvarnabhumi International Airport, following a successful trial run. During the ...

South Korean Tech Giant Enters the Thai Fintech Market

The subsidiaries of South Korean tech giant Kakao Corp are making successfully inroads in the Thai market. Kakao Pay just started offering its payment services in the ...

AI Solutions Set to Transform Thailand’s Healthcare Sector

Recent analyses have highlighted how artificial intelligence (AI) solutions are transforming Thailand’s healthcare sector, with new technologies designed to enhance patient ...

Apple Supplier Murata Opens New Factory in Thailand

Japanese electronic parts maker Murata Manufacturing has just opened a new plant in Thailand set to commence production in November 2024. It is expected that the Apple ...

Japanese Furniture Specialist Expands to Thailand

Japanese furniture and home furnishings company Nitori has plans to invest THB 240 million (USD 6.6 million) in order to expand its furniture business in Thailand in 2024. It ...

Philippines to Build Its First Vaccine Manufacturing Facility with Korean Partner

A partnership between Philippine firm Glovax Biotech Corporation and Korean pharmaceutical company, Eubiologics, will involve the building the Philippines’ first ...

US Launches First Online Agricultural Trading Hub in the Philippines

The United States government launched its first agricultural e-commerce platform in the Philippines through the U.S Agency for International Development (USAID) in ...

Armed Forces of the Philippines Revisits Acquisition Priorities

The Armed Forces of the Philippines (AFP) is refocusing its procurement priorities under Horizon 3 of the AFP modernization program, a 15-year plan to modernize the ...

Philippines to Invest USD 52.8 Million in Sewage Treatment Plant Upgrades

Maynilad Water Services, Inc., the largest private water concessionaire in the Philippines in terms of customer base, has committed over PHP 3 Billion (USD 52.8 million) to ...

Filipino Renewable Energy Player Secures Power Supply Agreement with Shell Energy

PetroSolar Corporation (PSC), a subsidiary of Philippine renewable energy producer PetroGreen Energy Corporation (PGEC), has sealed a power supply agreement with Shell Energy ...

Filipinos Keen to Upskill in Artificial Intelligence but Face Hurdles

A 2023 study conducted by The Economist Impact reveals that possessing proficiency in Artificial Intelligence (AI) has become an essential digital competency for Filipino ...

USD 303 Million ADB Loan to Boost Flood Resilience in 3 Philippine River Basins

The Asian Development Bank (ADB) has approved a USD 303 million loan to reduce flood and climate risks and protect people and livelihoods in three major river basins in the ...

Philippines Is Losing PHP 110 billion (USD 1.9 billion) Yearly Due to Cancer

According to a recent study published by the Philippine Institute for Development Studies (PIDS), the Philippines is losing over PHP 110 billion (USD 1.9 billion) annually ...

Development Bank of the Philippines Extends Support to Modernize the Country’s Food Logistics Infrastructure

The Development Bank of the Philippines (DBP), the Philippines’ eighth-largest bank in terms of assets, is ready to extend its support to the government’s food logistics ...

South Korea’s Retail Giant Lotte to Expand Its Presence in Vietnamese Market

In September 2023, Lotte announced the official opening of Lotte Mall West Lake Hanoi, a mega shopping mall that serves customers desiring to experience Korean products ...

Apple Completes Transfer of 11 Manufacturing Units to Vietnam

According to Mr. Nguyen Thang Vuong, Head of the European and American Markets Division under the Ministry of Industry and Trade, Apple has relocated 11 factories for ...

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