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

Sembcorp and Petrovietnam to Explore Importation of Electricity from Vietnam to Singapore

Sembcorp Utilities Pte Ltd (SCU), a wholly-owned subsidiary of Sembcorp Industries Ltd, and Petrovietnam Technical Services Corporation (PTSC), a member of Vietnam Oil and ...

Singapore and Vietnam Deepen their Strategic Collaboration

Singapore’s Prime Minister recently highlighted how both the city-state and Vietnam share a stake in the stability and prosperity of the Southeast Asia region. During a visit ...

US Company to Strengthen Singapore’s Capabilities in Cybersecurity

The Cyber Security Agency of Singapore (CSA) has just announced the signing of a three-year Memorandum of Understanding (MOU) with US specialist Dragos, Inc., covering ...

New Green Steel Project in Thailand

Singapore-based Meranti Steel has signed a cooperation agreement with Italian company Danieli, which ranks among the world’s top three manufacturers of plants and machines ...

Construction of the Map Ta Phut Deep-Sea Port in Thailand

The Industrial Estate Authority of Thailand (IEAT) has expressed optimism in relation to the third phase of development of the Map Ta Phut deep-sea port in Rayong, scheduled ...

Thailand Conducts the World’s First Dynamic Reconfigurable Intelligent Surface Trial

ZTE Corporation, a leading global provider of telecommunications equipment and network solutions, has successfully partnered with Thailand’s leading telecommunications ...

US Company Establishes Thailand’s First GMP-certified Cell Therapy Facility

American life sciences specialist Cytiva collaborated with Thailand’s Genepeutic Bio to establish the first Good Manufacturing Practice (GMP) certified cell therapy ...

Thai-Austrian JV Launches First Beverage Bottles Made from 100% Recycled PET

ENVICCO, the joint venture between Thai petrochemical producer PTT Global Chemical and Austrian plastics manufacturer Alpla, has launched Thailand’s first food-grade ...

Japanese Company to Build World’s Largest Rooftop Solar Plant in Thailand

The Thailand Board of Investment (BOI) has just announced that Japanese electricity supplier Kansai Electric Power Company (KEPCO) is completing work on a 22-megawatt (MW) ...

Thailand Bets on Tourism and Opens New Tourism Offices in the US and Saudi Arabia

Thailand’s government has revealed that it will establish new tourism offices in the United States and Saudi Arabia as the country aims to boost the number of tourists. ...

Thailand’s Market Opens up for Polish Beef

Poland’s agriculture ministry has just announced that 11 beef-processing companies in Poland have been granted authorization to export beef meat and beef offal to ...

Chiang Mai Airport Commences 10-Year Expansion Plan

Airports of Thailand (AOT) recently announced the official launch of its comprehensive 10-year development strategy for Chiang Mai International Airport. The key goal of this ...

PepsiCo Re-enters Indonesia with a New Snack Factory

American food and beverage company PepsiCo is reportedly making a comeback in Indonesia with the construction of a snack factory in West Java. This move follows its ...

Tesla Plans to Invest in a New Battery Factory in Indonesia

In August 2023, a high-ranking Indonesian official revealed that Tesla, the American electric vehicle (EV) maker, intends to invest in battery material production within ...

Indonesia’s New Capital Project Set to Receive USD 2.7 Billion Funding in 2024

As part of its 2024 budget, Indonesia has committed IDR 40.6 trillion, which amounts to USD 2.7 billion, for the development of its new capital city. According to government ...

Telkomsel and Ericsson Bolster Ties to Broaden 4G/5G Network Coverage in Indonesia

Indonesian telecommunications company Telkomsel and Ericsson have recently renewed their partnership to expand and fortify their 4G/5G networks in Indonesia. Ericsson, known ...

Indonesia Considers Special Economic Zone Development to Boost Economic Prosperity

International trade and investment are essential to Indonesia’s economy. It has been recently reported that the government has prioritized the establishment of special ...

Malaysian Firm My Myracle Invents Halal Plant-derived Postbiotics

My Myracle is the only postbiotics manufacturing company in Malaysia and Southeast Asia, focusing solely on plant-derived bacteria. Partnering with the University of Putra ...

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