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

FamilyMart Announces 1st Halal Convenience Store Cafe in Malaysia

FamilyMart Malaysia, a leading Japanese convenience store chain, announced that its FamiCafé has obtained halal certification from the Department of Islamic Development ...

Yamaha Collaborates with Local Player for a Smart Lights-Out Factory in Malaysia

EG Industries Berhad, Malaysia’s leading Electronic Manufacturing Services (EMS) and Vertical Integration provider, has partnered with Yamaha Motor Co., Ltd., one of the ...

Malaysia Emerging as a Regional Hub for Shipbuilding and Ship Repair

The Malaysian Investment Development Authority (MIDA), the government organization responsible for promoting foreign direct investment, announced that Malaysia has ...

Dyson to Open Advanced Manufacturing Plant for Next Generation Batteries in Singapore

In early May 2023, global technology company Dyson announced plans to accelerate its international advanced manufacturing capabilities and global R&D footprint. These new ...

Gulf Marketing Group to Open Sun & Sand Sports Store in Singapore

Gulf Marketing Group (GMG), a Middle Eastern conglomerate, has announced that it will open its first Sun & Sand Sports (SSS) store in Singapore. SSS, established in Dubai ...

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 ...

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