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

CPF Partners with Japanese Seafood Supplier to Meet Sushi Demand in Thailand

CPF Global Food Solution Public Company Limited (CPFGS), a business unit of Thai F&B conglomerate Charoen Pokphand Foods Public Company Limited (CPF), has formed a joint ...

Autoliv Invests in New Airbag Cushion Plant in Vietnam

Autoliv, a Swedish pioneer in automobile safety systems, has announced its plan to build a new state-of-the-art airbag cushion and fabric plant in Vietnam, serving Asia. The ...

Aquaculture Startups Feature Prominently in Thai Food-tech Startup Incubator/Accelerator

Several aquaculture alternative seafood startups are participating in the fourth SPACE-F food-tech startup incubator and accelerator program. The initiative is a ...

Singapore: Asia’s Most Intelligent City and the World’s Premier Business Environment

Singapore has retained its position as the best business environment over the next five years, according to EIU’s latest business environment rankings for the second quarter ...

Agri-genomics Startup Singrow Opens Indoor R&D Farm

Singrow, the Singapore company that has developed “climate-resilient strawberries” designed to be grown in tropical climates, has announced its intentions to collaborate on ...

Kuala Lumpur’s New Retail Development The Exchange TRX to Open in 2023

The Tun Razak Exchange, a 70-acre development for international finance and business, recently announced a new retail development, The Exchange TRX, set to open in Kuala ...

Malaysia to Build Mega Port on Carey Island

Malaysia has confirmed plans to build a USD 8.5 billion mega port aimed at increasing handling capacity for both container and conventional cargo at the main shipping hub of ...

Malaysia Witnesses Growth in Data Center Capacity

Malaysia is witnessing considerable growth in data center capacity plant-up, and the country is predicted to see an increase in investments with over 800-megawatt (MW) ...

Samsung Electronics Partners with Malaysian Private Hospital for Precision Medicine and Diagnostics

Private specialist hospital KPJ Healthcare and Samsung Electronics have commenced a partnership to advance precision medicine and diagnostics in Malaysia. The two parties ...

Malaysia Unveils First Locally Produced Battery Energy Storage System

Citaglobal Genetec BESS Sdn Bhd, a 50:50 joint venture (JV) between Citaglobal Bhd and Genetec Technology Bhd, unveiled Malaysia’s first locally developed and produced ...

Petronas to Restart Gas Pipeline in Malaysia, Aims at Securing more LNG from Canada

Malaysia's national oil company Petronas aims at restarting a gas pipeline currently under force majeure by the first quarter of 2024. Force majeure was declared in October ...

Air Products to Build New Nitrogen Plants and Extend Pipeline Network in Malaysia

American industrial gases company Air Products, which has been serving Malaysia for nearly 50 years, recently announced it will build, own, and operate two nitrogen plants in ...

Trade Flows between Malaysia and the UK Set to Grow Thanks to CPTPP

Trade flows between Malaysia and the UK, currently at MYR 32.3 billion (USD 7.1 billion) are expected to grow in 2023 as a consequence of the latter’s accession to the ...

Malaysian Aircraft Components Manufacturer Wins Contract with Rolls-Royce

Malaysian manufacturer UMW Aerospace Sdn. Bhd., a wholly owned company in the UMW Group, has secured a fresh contract with Rolls-Royce to produce rear cases for the Rolls ...

Malaysia Building Its First Cultivated Meat Production Facility

Malaysia will produce its own lab-grown meat by 2025, thanks to domestic company Cell AgriTech Sdn Bhd, which is building the country’s first cultivated meat production ...

Changi Airport Group Launches Digital Wonderland ChangiVerse

The Changi Airport Group (CAG), in collaboration with Accenture, has unveiled a metaverse experience called ChangiVerse, a fresh way for new audiences to connect with ...

Indonesia to Develop Nuclear Energy Program

The United States and Indonesia have signed a strategic agreement to assist the Southeast Asian country develop its nuclear energy program by deploying small modular reactor ...

Dutch Sustainable Materials Specialist Inaugurates Center of Excellence in Indonesia

Dutch sustainable materials specialist Solinatra and Indonesian company ATMI IGI have opened a new Center of Excellence in Surakarta, Indonesia. The Solinatra-ATMI Center of ...

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