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
FairPrice Partners with Lotte Retail to Bring More Korean Products to Singapore
Singapore’s FairPrice Group (FPG) has signed a partnership agreement with South Korea’s Lotte Retail, marking the first collaboration between the two retail giants in ...
LTA Launches Major Bus Network Expansion to Boost Connectivity and Accessibility Across Singapore
The Land Transport Authority (LTA) has announced the launch of the Bus Connectivity Enhancement Program (BCEP), aimed at improving Singapore’s public bus network to ...
Databricks Establishes Singapore as its Asia Pacific Hub
Databricks has officially established Singapore as its regional headquarters for the Asia Pacific and Japan (APJ) region, with plans to expand its workforce in the country ...
National Survey Shows Healthier Lifestyle Trends Among Singapore Residents
The recently released National Population Health Survey (NPHS) 2023 by Singapore’s Ministry of Health highlights encouraging improvements in several lifestyle and ...
Singapore Lays Groundwork for Low-Carbon Hydrogen Integration in Future Energy Strategy
Singapore is advancing its plans to integrate low-carbon hydrogen into its energy mix, aiming to establish a framework of policies and laws to support the fuel’s future ...
Singapore and the US Sign Landmark 30-Year Civil Nuclear Cooperation Agreement
Singapore has taken a significant step in its energy future by signing a 30-year civil nuclear cooperation agreement with the United States. The agreement, known as the 123 ...
Singapore Commits USD 24.5 Million to Boost Corporate-Startup Collaborations
The Singapore Economic Development Board (EDB) has announced a commitment of SGD 32 million (USD 24.5 million) in fresh funding over the next two years to further drive ...
Saab in Collaboration with DSTA to Supply Composite Superstructures
Saab has secured a significant contract with Singapore’s Defence Science & Technology Agency (DSTA) to provide six composite superstructures for the Republic of Singapore ...
Singapore Launches Agritech Lab to Boost Local Food Production
As part of its ambitious goal to produce 30% of its own food by 2030, Singapore has unveiled a cutting-edge Agritech Lab in collaboration with Powerplants Australia and Priva ...
American Company Establishes Foreign Investment Entity in Vietnam to Enhance Women’s Healthcare
Organon, a US-based healthcare company focused on advancing women’s health and community well-being, has recently announced the launch of its Foreign Investment ...
Google Considers Building Major Data Center in Vietnam
Google is contemplating the construction of a substantial data center in Vietnam, potentially marking the first major investment by a prominent U.S. tech firm in the ...
US and Vietnamese Companies to Jointly Develop Major LNG Import Terminal in Haiphong
US-based liquefied natural gas (LNG) importer Excelerate Energy has signed a term sheet with ITECO Joint Stock Company, a private Vietnamese development firm, to jointly ...
South Korea’s Signetics to Open USD 100-Million Semiconductor Facility in Vietnam by 2025
South Korean semiconductor company Signetics is set to operationalize its USD 100-million factory in Vinh Phuc province by October 2025. The new facility, which will supply ...
G&M Cosmetics Expands Its Offline Presence in Vietnam
Australian company G&M Cosmetics has made its debut in Vietnam, with its products now available in more than 500 retail outlets across the country. The company is ...
Can Tho City and SUEZ Discuss Collaborative Opportunities in Water and Waste Management
In August 2024, the Managing Director for South East Asia of France’s SUEZ Group met with Vice Chairman of the Can Tho municipal People’s Committee to explore potential ...
Vietnam and Singapore Strengthen Clean Energy Ties with New Offshore Renewable Project
In August 2024, the Petrovietnam Technical Services Corporation (PTSC) and its Singaporean partner, Sembcorp Utilities Pte Ltd, held a ceremony to officially transfer ...
Vietnam and UAE Set to Finalize Comprehensive Economic Partnership Agreement
Vietnam and the United Arab Emirates (UAE) are actively pursuing negotiations for a Comprehensive Economic Partnership Agreement (CEPA) to enhance trade and investment ties. ...
Universal Alloy Corporation Expands Vietnam Plant to Produce Composite Aerospace Components
US-based Universal Alloy Corporation (UAC), a leading manufacturer of composite components for the aerospace industry, is advancing with phase two of its investment in its ...
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