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
Philippines Opens First Electric Vehicle Battery Plant
President Ferdinand Marcos inaugurated the Philippines’ first electric vehicle (EV) battery factory on September 30, 2024, emphasizing its importance for the future of ...
L’Oréal and Watsons Launch First Green Business Partnership in the Philippines
L’Oréal and Watsons have partnered to launch the first green joint business plan in the Philippines’ beauty and wellness sectors. This initiative addresses the pressing ...
UK Firm Invests USD 600 Million in Largest Solar Project in the Philippines
In a significant development for the renewable energy sector, UK-based investment firm Actis has committed USD 600 million to the Philippines’ largest solar power ...
Japan, Korea, and U.S. Pledge USD 29 Million to Boost Healthcare in BARMM
Japan, South Korea, and the United States have committed PHP 1.6 billion (USD 29 million) over the next five years to enhance healthcare in the Bangsamoro Autonomous Region ...
PEZA Eyes Increased Singaporean Investments in Philippine Ecozones
The Philippine Economic Zone Authority (PEZA) is ramping up efforts to attract more Singaporean investments, especially in high-impact, energy-intensive sectors such as ...
Thailand to Build its First Silicon Chip Plant
The Thailand Board of Investment (BOI) has announced a joint venture between Hana Microelectronics and Thai energy firm PTT to establish the country’s first silicon carbide ...
Thailand’s Largest Dairy Producer and Distributor Invests in Enhanced Cold Supply Chain
KCG Corporation (KCG), Thailand’s leading dairy producer and distributor, is repositioning its new logistics park from a “cost center” to a “profit ...
Thailand Invests in Home AI Assistants for Elderly Healthcare Services
Thailand’s latest AI-powered Dinsaw robot, the “Home AI Assistance,” is set to play a key role in delivering healthcare to the elderly at home, according to ...
Leading Private Healthcare Provider Invests into Thailand’s Rapidly Developing Cosmetic Surgery Market
In response to the growing demand for facial contouring, ViMUT Hospital, a prominent private healthcare provider in Bangkok, has expanded its services by launching a new ...
Marubeni Enters into the End-of-Life Tire Pyrolysis Recycling Business in Thailand
Marubeni Corporation has invested in Green Rubber Energy Company Limited (GRE), which is developing an End-of-Life Tire (ELT) pyrolysis recycling business in Thailand.
Thirty ...
Thailand Puts Solar Power at the Center of its National Energy Plan
Thailand’s Ministry of Energy is intensifying efforts to roll out a comprehensive National Energy Plan (NEP) to meet the country’s ambitious goal of reducing ...
UK Signs Trade Pact with Thailand to Boost Exports
The UK and Thailand are set to establish an Enhanced Trade Partnership designed to strengthen trade and investment ties between the two countries.
The agreement, involving UK ...
Thailand Plans Ambitious Airports Expansion
Airports of Thailand (AOT) has announced plans to expand its six international airports to accommodate 210 million passengers by 2032. Kerati Kijmanawat, AOT’s ...
Thailand Innovates in Plant-based Meat Using Coconut Water
A Thai company renowned for its coconut vermicelli has ventured into plant-based meat production using coconut water, as part of a government initiative to boost the ...
Malaysia Government Invests USD 1.06 billion to Transform Agriculture and Boost Rice Production
The Malaysian government is initiating several major projects in the agricultural sector, with a significant focus on rice production. One of the key initiatives is a ...
Capital A Launches Malaysia’s Largest 14-Line Aircraft Maintenance Facility
Asia Digital Engineering (ADE), the Maintenance, Repair, and Overhaul (MRO) division of Capital A (formerly AirAsia Group), has officially unveiled its latest 14-line MRO ...
Malaysia Introduces Tax Breaks and Incentives to Boost Global Investment in Forest City
Malaysia has unveiled a series of tax breaks and incentives for the Forest City development, officially designated as the Forest City Financial Zone (FCSFZ) in August 2023. ...
Solarvest Holdings Secures USD 24 Million Contract for Solar Farm Construction in Malaysia
Malaysia’s major clean energy firm, Solarvest Holdings, has clinched a MYR 113 million (USD 24 million) Engineering, Procurement, Construction, and Commissioning (EPCC) ...
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