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
Liverpool FC Expands Global Presence with New Official Retail Partnership in Indonesia
Liverpool FC is expanding its presence in Asia through a new retail partnership in Indonesia. This collaboration with PT Kanmo Weston Retailindo, a joint venture between ...
AstraZeneca to Open a USD 1.5 Billion Cancer Drug Manufacturing Plant in Singapore
Pharmaceutical giant AstraZeneca is set to open a USD 1.5 billion cancer drug manufacturing plant in Singapore, as part of its global expansion strategy.
The new factory ...
American Solar Company SEG Solar Announces 5GW Manufacturing Plant in Indonesia
SEG Solar, a prominent American solar manufacturer, has secured a land utilization agreement to establish a state-of-the-art 5GW vertically integrated photovoltaic (PV) ...
New Subsea Cable Connecting Singapore and Indonesia’s Batam Island
Singtel and Indonesia’s Telin have partnered to establish a new submarine cable system connecting Singapore and Batam Island in Indonesia. The two Southeast Asian ...
South Korea’s SK Leaveo Plans Biodegradable Plastic Plant in Vietnam
In the first half of 2024, South Korea’s SK Leaveo plans to begin constructing the world’s largest Polybutylene Adipate Terephthalate (PBAT) production facility in Hai Phong, ...
Samsung Electronics Plans to Invest Around USD 1 billion Annually in Vietnam
Samsung Electronics has committed to increasing its annual investment in Vietnam to USD 1 billion, recognizing the country as a crucial manufacturing hub in the region. As ...
Satellite Provider ST Engineering Direct Partners with Indonesian Satellite Provider to Improve Connectivity
ST Engineering iDirect and PT Bis Data Indonesia have announced a collaboration to deploy advanced satellite communications infrastructure for the Indonesian government’s ...
Alteredverse Plans Virtual Model of Singapore’s Shopping Street
Foot traffic and sales have slowed at Singapore’s premier shopping district on Orchard Road, but a local tech start-up, Alteredverse, aims to rejuvenate the area by ...
United States Pledges USD 126 Million for Ambitious Geothermal Project in Indonesia
The Deputy Chief Executive Officer (DCEO) of the US International Development Finance Corporation (DFC) unveiled a fresh commitment of up to USD 126 million for PT Medco ...
Singapore and Kazakhstan Strengthens Relationship in Six Key Areas
Kazakhstan and Singapore have entered into agreements across six key areas, marking a milestone in their bilateral relations. The agreements encompass economic integration, ...
Neste Facilitates Vietnam Airlines’ Inaugural Sustainable Aviation Fuel Flight
Vietnam Airlines, Vietnam’s national carrier, successfully conducted its inaugural flight utilizing Neste MY Sustainable Aviation Fuel. The milestone flight involved ...
Australian Food and Wine Industries Explore Trade Opportunities in Indonesia
Leaders from some of Australia’s major food and wine representative groups met in Indonesia to foster trade opportunities between the two nations. The Roundtable ...
Thailand Seeks Collaboration with the US and Sweden to Replace 12 Fighter Jets
It has been revealed that Thailand’s air force chief plans to visit Sweden and the U.S. ¡ to discuss the procurement of new fighter jets, potentially including a ...
New Incentives Launched in Thailand
The Thailand Board of Investment (BOI) approved incentives to attract the organizers of large international concerts, sporting events, and festivals. These incentives support ...
Singaporean Renewable Energy Developer Secures 25-year PPA in Thailand
Gurīn Energy, a prominent Asian renewable energy developer headquartered in Singapore, has announced a partnership with Thai conglomerate WHA Utilities and Power Public ...
US Company Wins Contract to Provide Compressor for Thailand’s First Sustainable Aviation Fuel Project
Pennsylvania-headquartered Ebara Elliott Energy (EEE), formerly Elliott Group, recently announced it has been contracted to provide a motor-driven recycle compressor with a ...
Leading Tractor Manufacturer Expands to Thailand
Mahindra & Mahindra, the world’s largest tractor manufacturer by volume, has formally announced its plan to enter the ASEAN market, beginning with Thailand. ASEAN, a ...
Colorectal Cancer Emerges as the Third Most Common Cancer in Thailand
According to research conducted by Siriraj Hospital and Mahidol University, colorectal cancer (CRC) is the third most common cancer in Thailand, accounting for over 10% of ...
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