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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

BOI Greenlights PHP 603 Million Hospital Project in Cagayan

The Board of Investments (BOI) has approved incentives for a PHP 603 million (USD 12 million) hospital project that will cater to COVID-19 patients in the Cagayan Valley ...

BOI Approves Two Poultry Projects Worth USD 3.3 Million

The Board of Investment (BOI) approved two agricultural projects amounting to PHP168 million (USD3.3 million) to support and improve the meat processing industry of the ...

BCPG Partnering on Low-Carbon, Sustainable Energy Solutions and Infrastructure

BCPG Public Company Limited, a leading renewable energy company in Thailand, has signed an MoU with Keppel New Energy Pte Ltd, a wholly-owned subsidiary of Singapore-based ...

Bangko Sentral ng Pilipinas (BSP) Achieves Target of 20% of Digital Payments in 2020

The latest report of the Bangko Sentral ng Pilipinas (BSP) confirmed that the BSP achieved its target of reaching 20% of digital payments volume by 2020. The report reveals ...

Babcock Secures Export Contract to Indonesia

Babcock, a British aerospace, defense and security company, has secured the first export contract for its Arrowhead 140 (AH 140) frigate to Indonesia. Through a design ...

American Luxury Furniture Producer to Construct a New Plant in Vietnam

John-Richard, a luxury home furniture producer, has announced that it will construct a new furniture factory in Binh Duong Province, with a four-building complex totaling ...

10x Genomics Officially Opens Singapore Manufacturing and Commercial Hub

10x Genomics, a life sciences leader focused on mastering biology to advance human health, has opened its Singapore manufacturing facility and commercial hub. The addition ...

1-GW Solar Projects by Solar Philippines to Operate Next Year

The Philippines is expected to ramp up its renewable energy sources as Solar Philippines, the nation's largest solar company, is eyeing 1-GW solar projects to start ...

Vietnam’s Masan to Partner with De Heus on Animal Protein Value Chain

Masan MEATLife Corporation (MML), one of Vietnam’s largest consumer-focused business groups, and De Heus Vietnam, one of the global leaders in the animal nutrition and ...

Leading Semiconductor Manufacturer to Start Production in Vietnam

In September 2021, Universal Scientific Industrial Co., Ltd. (USI) announced that it had completed the first phase for the construction of its new manufacturing base in ...

Vietnam Approves New Master Plan on Seaport System

In September 2021, Vietnam’s deputy prime minister signed a decision approving the development plan of a seaport system in 2021-2030, with a long-term goal of 2050. Under the ...

VNPT and Nokia Sign Agreement on Digital Infrastructure Development

Vietnam Posts and Telecommunications Group (VNPT) and Finnish IT and consumer electronics company Nokia have signed a cooperation agreement with the aim to upgrade and ...

Vietnamese E-pharmacy Startup Secures USD 1 Million

In September 2021, it was announced that Vietnam's E-pharmacy startup Medigo secured a USD 1 million investment from venture capital firm Touchstone Partners, an early-stage ...

Vietnam Leads in Asia Pacific for Growth of Solar and Wind

According to a recent study conducted as part of a collaboration between the Australian National University, the Norwegian Institute of International Affairs, and the ASEAN ...

Vietnam to Start Importing LNG in 2022

It has recently been announced that Vietnam plans to begin importing LNG in 2022. Importantly, the government considers LNG to be one of the most efficient solutions to ...

Foreign Companies Continue Investing in Vietnam despite Covid-19

Several foreign firms, including the Swedish-Swiss multinational food packaging and processing company Tetra Pak, have recently announced new investment into Vietnam, despite ...

Bamboo Airways Signs Agreement for GEnx Engines

Bamboo Airways has signed an agreement to purchase GEnx engines for its Boeing 787-9 aircraft order of 10 firm and 20 options valued at close to USD 2 billion list price with ...

Vietnam and Australia Collaborate in Organic Food Production and Trade

The “Promoting organic food certification & trade between Australia and Vietnam” project was launched in September 2021, supported by the Australian Government. The ...

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