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
The Armed Forces of the Philippines Submits Wish List for Equipment Modernization Program
The Armed Forces of the Philippines (AFP) has recently updated its military acquisition plan in line with its ongoing equipment modernization program and submitted it for ...
Water Company Sets Aside USD 178.2 Million for Pipe Network Replacement in the Philippines
Maynilad Water Services Inc. (MWSI), one of the two water utility concessionaires which manages the west zone of Metro Manila comprising of 17 cities and municipalities, will ...
Philippines’ Leading Power Company to Increase Renewable Energy Capacity
First Gen Corporation, a subsidiary of First Philippine Holdings Corporation, which focuses on power generation and distribution, has recently announced plans to join the ...
Vietnam Emerging as Compelling Market for Luxury Brands
According to real estate agency Savills Vietnam, many luxury brands have targeted Vietnam as part of their market diversification strategies. Although China is still a ...
Swedish Company Chooses Vietnam as Manufacturing Hub for Marine Solutions
Sweden's Trelleborg Group has decided to invest in a completely new manufacturing facility in Vietnam for mainly marine solutions, such as marine construction, ...
A Second Airport Proposed for Vietnam’s Capital
Vietnam’s population has been increasing fast, with roughly 1 million people added each year. In 2023, the country is forecasted to achieve the 100-million milestone.
Ho ...
Vietnam Emerging as a Leading Market for Data Centers
Vietnam’s data center sector is booming at an unexpected pace, with both domestic and global players willing to establish more data centers as demand for data storage ...
Pfizer to Cooperate with The Vietnam Pediatrics Association to Improve Child Healthcare
In May 2023, Pfizer Vietnam signed a Memorandum of Understanding (MOU) with the Vietnam Pediatrics Association (VPA) to strengthen the capability of pediatric healthcare ...
Vietnam to Increase Wind Energy and LNG by 2030
Vietnam recently announced that it has finalized a long-awaited power plan for this decade, with the goal of increasing wind energy and gas while decreasing dependency on ...
Vietnamese City Tests Out Electric Waste Collection Trucks
The United Nations Development Program (UNDP) and the Embassy of Japan in Vietnam have given the Vietnamese city of Hue six electric trucks for rubbish collection, which are ...
Vietnam and Sweden Set to Expand Trade Ties, Potential Focus on Energy Sector
Sweden is an important Northern European market for Vietnam, and the two countries have a lot of potential to increase bilateral commerce, as recently highlighted by ...
Vietnam and Japan Collaborate for the Manufacturing of Aerospace Components
A meeting was recently convened at the Kobe Chamber of Commerce and Industry (KCCI) headquarters in Japan to discuss ways to increase Vietnam-Japan cooperation in the ...
Vietnam’s Shrimp Sector Embracing Technology for Clean Supply Chain
The Vietnamese shrimp sector has expanded considerably over the past decade, but some issues such as overfishing, diseases, pollution, and forced labor are still to be fully ...
FamilyMart Announces 1st Halal Convenience Store Cafe in Malaysia
FamilyMart Malaysia, a leading Japanese convenience store chain, announced that its FamiCafé has obtained halal certification from the Department of Islamic Development ...
Yamaha Collaborates with Local Player for a Smart Lights-Out Factory in Malaysia
EG Industries Berhad, Malaysia’s leading Electronic Manufacturing Services (EMS) and Vertical Integration provider, has partnered with Yamaha Motor Co., Ltd., one of the ...
Malaysia Emerging as a Regional Hub for Shipbuilding and Ship Repair
The Malaysian Investment Development Authority (MIDA), the government organization responsible for promoting foreign direct investment, announced that Malaysia has ...
Dyson to Open Advanced Manufacturing Plant for Next Generation Batteries in Singapore
In early May 2023, global technology company Dyson announced plans to accelerate its international advanced manufacturing capabilities and global R&D footprint. These new ...
Gulf Marketing Group to Open Sun & Sand Sports Store in Singapore
Gulf Marketing Group (GMG), a Middle Eastern conglomerate, has announced that it will open its first Sun & Sand Sports (SSS) store in Singapore. SSS, established in Dubai ...
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