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
Thailand Aims to Attract USD 28 Million from Foreign Filmmakers, Offers Incentives
Thailand is aiming to attract more than THB 1 billion (USD 28 million) in investment from foreign filmmakers in 2024, according to the director-general of the Department of ...
Thailand Inaugurates Large Hydro-Floating Solar Hybrid Project
The Electricity Generating Authority of Thailand (EGAT) just announced the commencement of operations at the 24 MW Hydro-floating Solar Hybrid Project at Ubol Ratana Dam in ...
PepsiCo Builds High-Capacity Logistics Automation System with Dematic in Thailand
Food and beverage giant PepsiCo has partnered with Dematic, an American supplier of materials handling systems, software and services, to integrate automation as a central ...
Thailand Publishes Rules for Virtual Bank Licenses
The Bank of Thailand (BoT) recently published rules, procedures, and conditions for the application for and the issuance of a virtual bank license. This will allow applicants ...
BMW Group to Construct High-Voltage Battery Assembly Plant in Thailand
Construction work is underway for the BMW Group’s Thai manufacturing facility for Gen-5 high-voltage batteries. With that, the BMW Group is readying a production facility to ...
Survey from Tourism Authority of Thailand Reveals Rises in Tourist Spending
A Tourism Authority of Thailand (TAT) survey has revealed that foreign tourists in the country have increased their spending on accommodation post-pandemic, showing a ...
Thai and American Companies Collaborate for Carbon Reduction in Agri-Food Industry
American agricultural specialist Alltech and Thai Wah Public Co. (TWPC) have joined forces to advance carbon reduction efforts in the Asian agri-food industry by leveraging ...
Singtel CSI and SIM Academy Meet Growing Demand for Cyber Security Training in Singapore
Singtel Cyber Security Institute (CSI), SIM Academy, and UOB (United Overseas Bank) have collaborated to launch a cyber scam preparedness program titled “Defence ...
New Arena Planned for Singapore
Singapore is set to construct a new state-of-the-art indoor arena adjacent to the existing Singapore Indoor Stadium in Kallang, which is nearing its capacity after nearly 35 ...
Significant Expansion in Singapore’s Retail Landscape from 2024 to 2027
According to estimates from Savills, Singapore’s retail landscape is set to undergo significant expansion over the next four years, from 2024 to 2027. The market is ...
Cedars-Sinai Expands Global Healthcare Network with New Office in Singapore
Cedars-Sinai International has expanded its global footprint by opening a new office in Singapore. This marks the organization’s third global office as it aims to build ...
Johnson Controls Announces New Smart Building Innovation Center in Singapore
Johnson Controls has announced the opening of a new office and Innovation Center in Singapore, located at one-north. This facility is part of the company’s commitment ...
Kuraray to Invest in New Production Facility in Singapore
Japanese plastic maker Kuraray has announced a strategic investment to establish a new production facility for EVOH (ethylene-vinyl alcohol copolymer) resin at Kuraray Asia ...
New Future Energy Fund in Singapore
Singapore is set to establish the Future Energy Fund by the end of 2024, a strategic initiative aimed at supporting the country’s shift toward a sustainable and ...
Singapore’s GDP Forecast to Grow by 2.4% in 2024
The Monetary Authority of Singapore’s (MAS) recent survey forecasts a 2024 economic growth rate of 2.4% for Singapore, slightly up from the previous estimate of 2.3%, and ...
GE Vernova To Supply Electric Propulsion Systems for Singapore Navy’s Multi-Role Combat Vessel Program.
GE Vernova’s Power Conversion business has secured a contract with ST Engineering Marine Limited to provide Integrated Full Electric Propulsion (IFEP) systems for the ...
Update to the Singapore Aquaculture Plan (SAP) Planned in 2024
Singapore’s “30 by 30” vision aims to enhance food resilience by sustainably producing 30% of the nation’s nutritional needs by 2030, addressing ...
Indonesia Issues New Guidelines to Drive Rooftop Solar Adoption
The Ministry of Energy and Mineral Resources has taken a strategic step to enhance the implementation of Rooftop Solar Power Plants (PLTS) by issuing Regulation Number 2 of ...
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