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

Thailand Seeks Collaboration with the US and Sweden to Replace 12 Fighter Jets

Jun 2024 Thailand, Defense/Aerospace

It has been revealed that Thailand’s air force chief plans to visit Sweden and the U.S. ¡ to discuss the procurement of new fighter jets, potentially including a ...

New Incentives Launched in Thailand

Jun 2024 Thailand, Economy

The Thailand Board of Investment (BOI) approved incentives to attract the organizers of large international concerts, sporting events, and festivals. These incentives support ...

Singaporean Renewable Energy Developer Secures 25-year PPA in Thailand

Jun 2024 Thailand, Energy

Gurīn Energy, a prominent Asian renewable energy developer headquartered in Singapore, has announced a partnership with Thai conglomerate WHA Utilities and Power Public ...

US Company Wins Contract to Provide Compressor for Thailand’s First Sustainable Aviation Fuel Project

Jun 2024 Thailand, Environment

Pennsylvania-headquartered Ebara Elliott Energy (EEE), formerly Elliott Group, recently announced it has been contracted to provide a motor-driven recycle compressor with a ...

Leading Tractor Manufacturer Expands to Thailand

Jun 2024 Thailand, Agrifood

Mahindra & Mahindra, the world’s largest tractor manufacturer by volume, has formally announced its plan to enter the ASEAN market, beginning with Thailand. ASEAN, a ...

Colorectal Cancer Emerges as the Third Most Common Cancer in Thailand

Jun 2024 Thailand, Healthcare

According to research conducted by Siriraj Hospital and Mahidol University, colorectal cancer (CRC) is the third most common cancer in Thailand, accounting for over 10% of ...

Microsoft to Invest in Cloud And AI-Powered Thailand

Jun 2024 Thailand, ICT

Microsoft has committed to developing new cloud and AI infrastructure in Thailand, offering AI training to over 100,000 people and supporting the country’s growing ...

Japanese Company Opens Supermarket in Thailand Partnering with Local Player

Jun 2024 Thailand, Retail/FMCG

Japanese department store group Isetan Mitsukoshi has formed a joint venture with One Bangkok, a smart district developed by TCC Assets and Frasers Property, to establish a ...

First BMW Plant in Asia Opens in Thailand

Jun 2024 Thailand, Manufacturing

BMW Manufacturing (Thailand) Co., Ltd., the first wholly-owned BMW plant in Asia, has been officially inaugurated at Amata City Industrial Park in Thailand, joining ...

Thailand to Clean Up Bangkok’s Tangled Telecoms Cables

Jun 2024 Thailand, Infrastructure

Thailand’s National Broadcasting and Telecommunication Commission (NBTC) has initiated a project to organize the tangled telecom cables in Bangkok. The plan, reported by The ...

Malaysia to Receive Anka Drones from Turkey

Jun 2024 Malaysia, Defense/Aerospace

The Royal Malaysian Air Force (RMAF) has acquired three Anka Medium Altitude Long Endurance Unmanned Aerial Systems (MALE UAS) from Turkish Aerospace Industries (TAI). ...

Malaysia’s New Strategy Targets USD 106 Billion Investment to Boost Semiconductor Industry

Jun 2024 Malaysia, Economy, ICT

Malaysia is committed to solidifying its position as a global technology powerhouse, leveraging its strong semiconductor industry. The National Semiconductor Strategy (NSS) ...

Petronas and Sinopec Form Strategic Alliance to Propel Energy Innovation

Jun 2024 Malaysia, Energy

Malaysia’s state-owned oil company, Petroliam Nasional Berhad (Petronas), has entered into a strategic collaboration with China Petrochemical Corporation (Sinopec) to explore ...

Sarawak Initiates Southeast Asia’s First Climate Change Center

Jun 2024 Malaysia, Environment

Sarawak, an East Malaysian state located in Borneo, has announced the establishment of Southeast Asia’s first climate change center to spearhead Malaysia’s ...

Malaysia to Spend USD 31 Million to Upgrade 400 Healthcare Facilities

Jun 2024 Malaysia, Healthcare

Malaysia’s Health Ministry announced that a total of 401 projects aimed at upgrading health clinics and other healthcare facilities across the country are currently ...

Google to Invest USD 2 Billion for First Google Data Centre, Google Cloud Region in Malaysia

Jun 2024 Malaysia, ICT

Google plans to invest MYR 9.4 billion (USD 2 billion) in Malaysia, marking its largest investment in the country to date. This initiative includes the establishment of ...

ZTE, Digital Nasional, and Telekom Malaysia Set New 5G Speed Record in Malaysia

Jun 2024 Malaysia, Infrastructure

ZTE, a global telecommunications company has achieved a milestone in collaboration with Digital Nasional Bhd (DNB), Malaysia’s government-owned single wholesale 5G ...

SPIL Breaks Ground on USD 1.4 Billion Semiconductor Plant in Penang, Malaysia

Jun 2024 Malaysia, Manufacturing

Siliconware Precision Industries Co., Ltd. (SPIL), a global semiconductor packaging and testing company based in Taiwan, has marked the commencement of construction for its ...

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