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

ADB Forecasts Accelerated Growth and Eased Inflation for Singapore in 2024-2025

The Asian Development Bank (ADB) projects that Singapore’s economic growth will accelerate to 2.4% in 2024 and 2.6% in 2025, driven by stronger exports and a resurgence in ...

Changi Airport Expands Footprint with New Joint Venture at Wuxi Shuofang Airport

Changi Airports International (CAI) is set to significantly enhance its presence in China through a joint venture with Wuxi Sunan International Airport Group. This ...

VertiVegies Restructures Plans to Enhance Singapore’s Local Food Production

Singapore-based vertical farming company VertiVegies has canceled its plan to construct one of the largest indoor vegetable farms in the country. The farm, planned on a ...

Sony Expands Production of Image Sensors and Laser Diodes in Thailand

Sony Semiconductor Solutions Corporation recently announced that starting in February 2024, it has begun operations with several production lines at the new fab built on the ...

Levi Opens Store in Bangkok, Its Largest in Southeast Asia

Levi Strauss just announced the reopening of its Levi’s store at popular mall CentralWorld, in Bangkok, Thailand. At 364 sqm, the expanded store is now the largest ...

German Construction Vehicles Deployed for Thailand’s New Railway

Germany’s Daimler Truck is one of the world’s largest commercial vehicle manufacturers, with over 40 production sites around the globe and more than 100,000 ...

Japanese Company Partners with Thai University for Endoscopic AI

AI Medical Service (AIM), a start-up based in Tokyo focused on medical advancements, particularly in diagnostic endoscopic artificial intelligence (AI), has recently entered ...

Thai and Finnish Companies Collaborate for Bioplastic Innovation

Nordic Bioproducts Group (NBG), a Finnish biomaterial innovation company and developer of pioneering AaltoCell Technology, has entered into a strategic Memorandum of ...

Thailand Post Examines Becoming a Virtual Banking Agent

It has been reported that Thailand Post, a government-owned logistics company, is exploring the possibility of becoming a neutral virtual banking agent to complement the ...

Thailand Enhances EV Support Program for Battery Innovation

Thailand’s EV Board has endorsed strategies to bolster the adoption of electric buses and trucks, with the aim of positioning the nation as a key hub for electric vehicles ...

Thailand and New Zealand to Triple Trade by 2045

During the visit of New Zealand Prime Minister Christopher Luxon to Bangkok, Thailand, both countries expressed their commitment to enhancing economic collaboration, aiming ...

Kiwi Aeronautical Firm Inks Multi-million Dollar Export Deal to Supply Royal Thai Air Force

A new Memorandum of Understanding (MOU) signed between Thai Aviation Industries Co., Ltd (TAI), a leading maintenance, repair, and operations organization (MRO) in Thailand ...

Thai and American Associations to Advance Sustainability in Thailand’s Feed Ingredients Industry

The Thai Feed Mill Association (TFMA) and the U.S. Soybean Export Council (USSEC) recently signed a memorandum of understanding (MoU) to support and advance sustainable ...

Indonesia and UK Enhance Trade and Economic Collaboration

During a meeting in London last month, Indonesia’s Coordinating Minister for Economic Affairs and the British Minister of Trade discussed bolstering economic and trade ...

Singapore-based AG&P to Collaborate on a USD 15 Billion Infrastructure Project in the Visayas

AG&P’s Philippine subsidiary has forged a partnership with Visayas Neceboley Interlink Holdings Corp. (VNIHC) for a substantial USD 15 billion government ...

Philippines to Develop Clark Special Economic Zone

The Philippines is set to further develop the Clark Special Economic Zone (SEZ) with initiatives inspired by Singapore. Key projects include affordable housing modeled after ...

The Medical City Leads AI Healthcare in the Philippines with Lunit

The Medical City (TMC) is pioneering the adoption of AI in the Philippines by integrating Lunit’s AI solutions into its mammography and chest X-ray services, ...

NGCP and ECCP Partner to Boost Renewable Energy in the Philippines

In a landmark move towards innovation and sustainability, the National Grid Corp. of the Philippines (NGCP) and the European Chamber of Commerce of the Philippines (ECCP) ...

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