Business News

Business news to help you keep track of the latest developments and identify new opportunities across key sectors in South East Asia

Monthly Business News to Help You Understand the Market

APM Partners with Hyundai for Car Seats Manufacturing in Indonesia

PT APM Automotive Indonesia (APM), an indirect wholly-owned subsidiary of APM Automotive Holdings Bhd, has partnered with PT Hyundai Transys Inc (HTI), to manufacture ...

Alibaba to Add a Third Indonesian Data Center by 2021

Chinese tech giant, Alibaba has confirmed the opening of its third data center in Indonesia by 2021. The new data center will offer a full spectrum of cloud products and ...

Vietnamese Pharma Company Partners with Blockchain Technology Provider

Beowulf Blockchain ("Beowulf"), a US-based B2B platform providing communication services via a decentralized cloud network of computing resources worldwide, has partnered with

JICA to Conduct Survey for Pre-feasibility Report of Port Project in Danang

The Japan International Co-operation Agency (JICA) plans to begin a survey for the pre-feasibility report of the Lien Chieu port construction project later this year. The ...

German Automotive Supplier Schaeffler Partners with Vietnamese ICT Leader

FPT, Vietnam’s leading information technology firm, has partnered with Schaeffler, a German automotive supplier, for a digital manufacturing initiative. This cooperation is a ...

German Adhesive Tape Firm to Set Up Manufacturing Facility in Hai Phong

German adhesive tape manufacturer, tesa, will build a USD 60.3 million plant in a 70,000 m2 site in DEEP C Industrial Zones, an industrial park cluster in Hai Phong port city ...

Can Tho City Approves Investment in Anti-Erosion Projects

The city of Can Tho in Vietnam has approved an investment of nearly VND 745 billion (USD 32 million) into four anti-erosion projects. The budget for these projects will be ...

Vietnam’s National Assembly Ratifies Free Trade Agreement with EU

The National Assembly of Vietnam ratified the Europe-Vietnam Free Trade Agreement (EVFTA) and the Europe-Vietnam Investment Protection Agreement (EVIPA) in June 2020. The ...

Vietnam Formulating New Policies to Support Development of Defense Industries

The government of Vietnam is preparing new policies and laws to support the development of defense industries in Vietnam. According to Jane's the policies are being formulated

Vietnam Continues to Add Solar Power Capacity

In June 2020, a new 550 MW solar project was announced to be built in Luning County, in Vietnam’s Pingfu province. It will be built by China Power Construction Group, which ...

Vinamilk and Kido Set Up Joint Venture to Produce Ice-Cream and Beverages

Vietnamese dairy market leader, Vinamilk and packaged food producer, Kido Group Corporation signed a memorandum of understanding (MOU) in June 2020 to set up a joint venture, ...

Thailand Accelerating Efforts to Develop COVID-19 Vaccine

Trials on monkeys have been launched for a COVID-19 vaccine being developed in Thailand, after positive results were seen in mice. The vaccine is being developed by the ...

Tourism Authority of Thailand Presents Three Phase Recovery Strategy

The Tourism Authority of Thailand (TAT) has unveiled its recovery strategy for tourism in parallel of the Royal Thai Government’s third phase of easing business activities and

Thailand Starts Issuing LNG Import Licenses to Private Sector Entities

The Thai government has started granting licenses to private sector entities as it liberalizes its gas market and aims to position the country as a regional liquified natural ...

Thai Government Chooses Bid for U-Tapao Airport Expansion Project

Thailand's Cabinet has announced the approval of a USD 9 billion bid from a consortium led by skytrain operator, BTS Group Holdings, for the development of a third passenger ...

Royal Thai Air Force to Support Local SMEs in Manufacturing Aircraft Parts

The Royal Thai Air Force (RTAF) has announced plans to work towards domestic manufacturing of all spare parts for aircraft. The RTAF will support Thai SMEs to ...

Nike Thailand Inaugurates Giant Flagship Store in Bangkok’s Siam Center

Nike Thailand has opened a flagship store, spanning more than 9000 sqft., in Bangkok’s Siam Center. The store will showcase Nike’s product innovation, through digital and ...

Metito to Provide Water Treatment Solutions for Biomass Power Plants in Thailand

Dubai-headquartered Metito, a global leader in smart water management and alternative energy solutions, has won a project from Thai renewable energy power producer Absolute ...

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