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
BCDA Partners with Danish Company for New Clark City’s Decarbonization
The Bases Conversion and Development Authority (BCDA) has partnered with Danish green solutions company Danfoss Inc. to drive sustainability and decarbonization efforts in ...
Singapore and Taguig City Collaborate to Enhance Maternal Health with Expanded Breast Milk Bank and Telemedicine Services
Singapore’s KK Women’s and Children’s Hospital (KKH) and SingHealth Duke-NUS Maternal and Child Health Research Institute (MCHRI) have signed a memorandum of understanding ...
Nissin’s USD 21.78 million Biscuit Factory in Davao Approved by BOI
The Board of Investments (BOI) has approved Monde Nissin Corporation’s USD 21.78 milion investment in a new biscuit manufacturing facility in Davao City. The facility, ...
Clark Food Hub to Tackle Agricultural Storage and Logistics Issues
A new National Food Hub is set to rise in Clark, aiming to become the Philippines’ largest agro-logistics facility. The PHP 8.5 million (USD 150,000) project will span ...
Delaware Philippines Partners with LIPAD for Airport Automation and Upgrades
Delaware Philippines, a global provider of information and communication technologies (ICT), has joined forces with Luzon International Premiere Airport Development (LIPAD) ...
US Invests USD 32 Million to Upgrade Basa Air Base in the Philippines
The Pentagon has awarded a USD 32 million contract for upgrades to Basa Air Base in the Philippines, part of a broader initiative to enhance military infrastructure under the ...
Construction of Tacloban Airport Terminal Phase 3 Set to Begin
The Department of Public Works and Highways (DPWH) is set to commence the PHP 1.5 billion (USD 26.4 million) third phase of the new passenger terminal at Daniel Z. Romualdez ...
Mober Launches EV Delivery and Warehousing Services in Cebu
Mober, a leader in green logistics in the Philippines, has introduced sustainable delivery services in Cebu to support Ikea Philippines’ regional expansion. Utilizing a ...
Thailand Emerging as Leader for Plant-based Food
Thailand is positioning itself as a leading global supplier of high-protein plant-based ingredients, reflecting the rising global demand for plant-based foods driven by ...
Thailand’s Central Food Retail Reveals Aggressive Expansion Plan
Central Food Retail has announced an ambitious expansion plan to dominate Thailand’s food retail sector by reaching 1,000 stores by 2027. This strategy was detailed by ...
B.Grimm Becomes Thailand’s First Private Company to Imports LNG Cargo
Thailand’s B.Grimm Power has successfully imported its first liquefied natural gas (LNG) cargo, amounting to 65,000 tonnes, becoming the first private company in the ...
Western Digital Invests USD 693 Million in Thailand
Thailand has approved Western Digital’s investment project valued at THB 23.5 billion (approximately USD 693 million), marking a significant development in the ...
Thailand Post Transitions to Digital Logistics Solutions
Thailand Post Co Ltd is transitioning into an information logistics provider as part of its digital transformation strategy. The company plans to offer comprehensive digital ...
Leading Thai Logistic Company to Invest in AI for Green Solutions
WHA Corporation, Thailand’s leading developer of built-to-suit logistics facilities, is increasing its investment in artificial intelligence (AI) to enhance its green ...
South Korean Company Signs Agreement to Distribute Medical AI Solutions to Thailand
South Korea’s Heuron has signed a distribution agreement to deliver its medical AI solutions to Thailand. The agreement involves a partnership with Medhealth ...
Thailand’s New Public Sector Energy-saving Plan Targets to Save 585 Million kWh
The Thai government is launching an energy-saving program targeting public sector agencies to reduce the country’s overall energy consumption. The initiative, managed ...
Thailand Introduces New Incentives for Auto Parts Joint Ventures
Thailand has introduced a new incentive program to encourage joint ventures (JVs) between Thai and foreign companies in the automotive parts manufacturing sector. This ...
South Korea’s KAI to Launch MRO Center for T-50TH Aircraft in Thailand
In August 2024, Korea Aerospace Industries (KAI) of South Korea and Thai Aviation Industries (TAI) of Thailand signed a Memorandum of Understanding (MoU) to enhance ...
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