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
Singapore and US Bolster Cybersecurity Partnership, Test Banks’ Resilience
The US Department of Treasury and the Monetary Authority of Singapore (MAS) have announced an expansion of their collaboration related to cyber and operational resilience ...
Finnish Company to Collaborate on Digital Port Projects in Singapore
The Maritime and Port Authority of Singapore (MPA) has signed a Memorandum of Understanding (MoU) with Wärtsilä, a Finnish company that manufactures and services power ...
Amid Biopharma’s Singapore Expansion Push, Thermo Fisher Debuts Sterile Drug Facility
Amidst a recent expansion of operations by the biopharma industry in Singapore, Thermo Fisher is the latest player to expand its manufacturing and research capabilities in ...
Singapore to Drive Efforts to Take Carbon Out of Shipping
Amidst record-breaking temperatures in Asia, Singapore is putting increased efforts to decarbonize shipping, being the largest refueling hub for ships in the world. With ...
Singapore to Build Back-up Power Plant to Boost Energy Resilience
Singapore plans to strengthen the country’s energy resilience, with the Energy Market Authority (EMA) announcing plans to build 2 open cycle gas turbine (OCGT) generation ...
Estonia Opens Business Hub in Singapore, Opening Gateway for Nordic-Baltic Economies
In early June 2023, Estonia announced the opening of its embassy’s new premises in Singapore, as well as a trade and business hub. Estonia is among the European Union’s most ...
Neste Opens Refinery Expansion and Sustainable Aviation Fuel Supply Chain in Singapore
In May 2023, oil refining and marketing company Neste celebrated the official opening of its Singapore Refinery Expansion. The expansion, which was first announced in 2018, ...
Protein Derived from Air Debuts in Singapore
In late May 2023, Solein, the sustainable protein developed by Finnish Tech Food company Solar Foods, underwent its first official tasting in Singapore, half a year after the ...
Thailand Registers Growing Investment in Factories, Focuses on Green Segments
The Bangkok Post has recently reported that Thailand’s Industry Ministry has estimated that the Southeast Asian country built or expanded 1,211 factories during the first ...
Japanese Furniture Retailer Giant Expanding to Thailand
It has recently been announced that a flagship store for Japanese furniture and home furnishings giant Nitori will be opened by Thai real estate company Central Pattana at ...
The First Ever 3D Printed Medical Center Completed in Thailand with Danish Technology
Siam Cement Group (SCG), the largest and the oldest cement and building material company in Thailand and Southeast Asia, has recently revealed the successful completion of ...
Thailand Post to Launch a Digital Mailbox by Q3 2023
It has recently been reported that Thailand Post intends to launch a digital mailbox service called Prompt Post by the third quarter of 2023.
This is part of a strategy ...
Thailand Partners with the US to Develop Tuberculosis Vaccines
Thailand and the United States will work together on developing a new tuberculosis vaccine, including prototypes using mRNA technology, as Thailand’s competitiveness in ...
Spanish Renewable Specialist Wins Five Wind Projects in Thailand
Spanish renewables company Acciona Energía and its Singapore-based participated company The Blue Circle have just secured a power purchase agreement (PPA) for 436 MW of wind ...
Electricity Generating Authority of Thailand to Spend USD 8.6 Billion on Floating Solar
The Bangkok Post has recently revealed that the Electricity Generating Authority of Thailand (EGAT) is targeting to grow its power generation capacity from floating solar ...
Thailand to Advance Three Free Trade Agreements by 2024
Thailand aims at concluding talks for three free-trade agreements (FTAs) by mid-2024 with the European Free Trade Association (EFTA), Sri Lanka and the United Arab Emirates ...
Japanese Players to Collaborate with Thaicom for Advanced Satellite Data and Monitoring
Enhanced disaster response, environmental monitoring, agricultural productivity and infrastructure planning has been made available to businesses in Thailand thanks to a new ...
Israeli Company Opens First Fruit-Fly Protein Plant in Thailand for Feed
Israel’s Flying Spark has recently announced the opening of its first factory in Thailand, in Petchaburi, which will produce fruit-fly protein. The company wants to expand in ...
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