Business News

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

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Port Authority of Thailand Launches strategy to Enhance Sustainability and Efficiency

Port Authority of Thailand Launches strategy to Enhance Sustainability and Efficiency

The Port Authority of Thailand (PAT) recently introduced a development strategy focused on enhancing sustainability and community well-being through advanced technology and ...

Thailand Set to Become a Leading Data Center Player

Thailand is intensifying efforts to become a major hub for data centers, attracting both local and international tech companies amid the global surge in artificial ...
French Auto Parts Specialist Forvia Opens Plant in Thailand

French Auto Parts Specialist Forvia Opens Plant in Thailand

BYD and French auto parts group Forvia have inaugurated a seat assembly plant in Thailand to support local production. The seat plant, which began operations in July 2024, ...
Thailand’s Alternative Milk Market Grows, Attracts Singaporean Company

Thailand’s Alternative Milk Market Grows, Attracts Singaporean Company

Thailand’s alternative milk sector is poised for further growth, spurred by a health trend among younger consumers. Kasikorn Research Center predicts that the ...
EU and Singapore Finalize Landmark Digital Trade Agreement

EU and Singapore Finalize Landmark Digital Trade Agreement

The European Union (EU) and Singapore have successfully concluded negotiations for the EU-Singapore Digital Trade Agreement (EUSDTA) on 25th July 2024 in Brussels. This ...
Changi Airport Nears Pre-Pandemic Recovery with Strong Growth in Passenger and Cargo Movements

Changi Airport Nears Pre-Pandemic Recovery with Strong Growth in Passenger and Cargo Movements

Singapore Changi Airport experienced robust growth in passenger and aircraft movements from April to June 2024, handling 16.5 million passengers, a 13.4% increase ...
SMRT Expands Themed Retail Concepts at MRT Stations with Health and Wellness Focus

SMRT Expands Themed Retail Concepts at MRT Stations with Health and Wellness Focus

SMRT, Singapore’s leading public transport operator, has introduced a new themed retail concept at Dhoby Ghaut MRT station, known as Staytion Lifestyle Centre. This ...
Singapore Approves Insect Species for Human Consumption and Animal Feed Under New Regulatory Framework

Singapore Approves Insect Species for Human Consumption and Animal Feed Under New Regulatory Framework

The Singapore Food Agency (SFA) has recently approved 16 insect species for human consumption and animal feed, marking a significant step forward in the country’s food ...
Seche Environnement Acquires Singapore’s Leading Hazardous Waste Company, ECO Industrial Environmental Engineering

Seche Environnement Acquires Singapore’s Leading Hazardous Waste Company, ECO Industrial Environmental Engineering

French industrial group Seche Environnement has reached an agreement to acquire Singapore’s ECO Industrial Environmental Engineering for approximately SGD 605 million (USD ...
Strategic Infrastructure Enhancements and Key Tenders Issued by Singapore’s PSA and LTA

Strategic Infrastructure Enhancements and Key Tenders Issued by Singapore’s PSA and LTA

Singapore’s Land Transport Authority (LTA) has announced plans to enhance the road network in Tuas South, with construction set to begin in 2025. These developments are part ...
Pfizer Opens High-tech Facility in Singapore for Drug Ingredient Production

Pfizer Opens High-tech Facility in Singapore for Drug Ingredient Production

Pfizer has expanded its manufacturing capabilities in Singapore with an SGD 1 billion (USD 0.77 billion) extension at its Tuas facility, focusing on the production of active ...
Singapore Launches International Collaboration on Decarbonization with CREATE Program

Singapore Launches International Collaboration on Decarbonization with CREATE Program

The National Research Foundation (NRF) has launched a new Decarbonization Program under the Campus for Research Excellence and Technological Enterprise (CREATE) initiative, ...
JTC Expands Land for Semiconductor Manufacturing as Singapore Strengthens Its Role in the Global Chip Industry

JTC Expands Land for Semiconductor Manufacturing as Singapore Strengthens Its Role in the Global Chip Industry

JTC, Singapore’s government industrial planner, is preparing to expand the country’s semiconductor manufacturing capabilities by increasing available land in its ...
Singapore Launches Roads Innovation Lab to Drive AI and Quantum Computing in Transportation

Singapore Launches Roads Innovation Lab to Drive AI and Quantum Computing in Transportation

Singapore is advancing its transportation sector with the launch of a new Roads Innovation Lab by the Land Transport Authority (LTA), aimed at accelerating the integration of ...
Taiheiyo Cement Inaugurates USD 234 Million Plant in Cebu, Boosting Philippine Cement Production

Taiheiyo Cement Inaugurates USD 234 Million Plant in Cebu, Boosting Philippine Cement Production

The Department of Trade and Industry (DTI) announced the inauguration of Taiheiyo Cement Philippines Inc.’s (TCPI) new USD 234 million (PHP 12.8 billion) production plant in ...
PEZA and FDA Sign Agreements to Boost Philippine Pharma-Medical Sector

PEZA and FDA Sign Agreements to Boost Philippine Pharma-Medical Sector

The Philippine Economic Zone Authority (PEZA) and the Food and Drug Administration (FDA) recently signed two significant agreements aimed at enhancing the pharmaceutical and ...
Philippines Allocates USD 4.63 Billion for Flood Control in 2025 Budget

Philippines Allocates USD 4.63 Billion for Flood Control in 2025 Budget

The Philippine government has proposed a budget of USD 4.627 billion (PHP 257.06 billion) for flood control in 2025, marking a significant investment in mitigating the ...
Department of Energy to Launch Renewable Energy and Storage-Focused Auction

Department of Energy to Launch Renewable Energy and Storage-Focused Auction

The Philippines’ Department of Energy (DOE) has announced plans for its fourth Green Energy Auction (GEA-4), scheduled for the fourth quarter of 2024. This auction will ...

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