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

Singapore’s ST Engineering to Build Six Multi-Role Combat Vessels

Apr 2023 Singapore, Defense/Aerospace

Singapore Technologies Engineering Ltd (ST Engineering) recently announced that its subsidiary, ST Engineering Marine Ltd., has been awarded a contract by the Ministry of ...

Indonesia Partners with Global Energy Alliance for Energy Transition Plans

Apr 2023 Indonesia, Energy

The Global Energy Alliance for People and Planet (GEAPP) has partnered with the Indonesian Ministry of Energy and Mineral Resources to hasten the country's net-zero emissions ...

Indonesian Air Force to Upgrade Air Defense Radar Technology

Apr 2023 Indonesia, Defense/Aerospace

To enhance its air defenses, the Indonesian Air Force, or TNI AU, has decided to replace its outdated radars. The Chief of Staff of the Air Force revealed that the Air Force ...

Indonesia Approves GMO Drought-Tolerant Wheat from Argentina

Apr 2023 Indonesia, Agrifood

The Indonesian government has granted authorization for genetically modified organisms (GMO) wheat for human consumption, including Bioceres Crop Solutions Corp's HB4 wheat. ...

SK Plasma to Invest USD 250 Million for Blood Products Manufacturing Facility in Indonesia

Apr 2023 Indonesia, Healthcare

SK Plasma, a subsidiary of SK Discovery, has announced plans to construct a blood products plant in Indonesia worth USD 250 million. The Indonesian Health Ministry has ...

NeutraDC, NAVER Cloud, and Cisco to Accelerate Cloud Technology Adoption in Indonesia

Apr 2023 Indonesia, ICT

NeutraDC, a brand under PT Telkom Data Ekosistem, has announced its partnership with NAVER Cloud and Cisco to provide advanced cloud services and solutions to Indonesian ...

AEON to Undergo Massive Stores Expansion in Indonesia

Apr 2023 Indonesia, Retail/FMCG

The President Director of PT AEON Indonesia, Takahiro Osugi, recently announced that the Japanese retail chain is planning to expand its presence in Indonesia by opening at ...

LONGi Signs Agreement as Framework Supplier for Renewable Energy in Singapore and Indonesia

Apr 2023 Indonesia, Singapore, Energy, Environment

During a recent leadership retreat, Indonesia's Coordinating Minister for Maritime Affairs and Investment and Singapore's Senior Minister and Coordinating Minister for ...

Indonesia Enhances Economic Co-operation with Norway and Switzerland

Apr 2023 Indonesia, Economy

The Indonesian and Norwegian governments have agreed to strengthen economic cooperation by focusing on implementing digital trade and addressing Indonesia's halal ...

Maynilad Allocates USD 3.18 Billion for Wastewater Treatment Projects

Apr 2023 Philippines, Environment

Maynilad Water Services, Inc. (MWSI), one of the two utility concessionaires in Metro Manila serving the West Zone, has committed PHP 178 billion (USD 3.18 billion) over the ...

Philippine Government to Build Cold Storage Facilities in Various Fish Ports

Apr 2023 Philippines, Agrifood

President Bongbong Marcos announced that the government plans to build cold storage facilities in several fish ports to lower post-harvest losses, increase the nation's fish ...

Mega Prime Foods Inc. Opens a New World Class Manufacturing Facility in the Philippines

Apr 2023 Philippines, Manufacturing

Showcasing its dedication to creating a food-secure Philippines, the company Mega Prime Foods Inc. (MPFI) formally opened its newest manufacturing plant in the Philippines, ...

Royal Thai Air Force Aims to Spend USD 1.2 Billion on Aircraft Upgrading

Apr 2023 Thailand, Defense/Aerospace

The Royal Thai Air Force (RTAF) has announced its intention to secure a budget of THB 40 billion (USD 1.2 billion) for the 2024 fiscal year, with additional funding required ...

Thailand Approves USD 1.64 billion Investment Projects, Announces Launch of HQ Biz Portal

Apr 2023 Thailand, Economy, Infrastructure

The Thailand Board of Investment (BOI) has granted investment privileges totaling THB 56.6 billion (USD 1.64 billion) to a variety of projects aimed at enhancing the ...

Japanese Renewable Energy Developers Explore the Thai Floating and Rooftop Solar Market

Apr 2023 Thailand, Energy

Shizen International (Thailand), a subsidiary of Japan-based renewable energy developer Shizen Energy Group, has signed a memorandum of understanding (MoU) with Sena Solar ...

Japanese Players Working on Hydrogen/Ammonia Supply Chain in Thailand

Apr 2023 Thailand, Environment

Mitsui O.S.K. Lines (MOL), a Japanese company, has signed a memorandum of understanding (MoU) with the Electricity Generation Authority of Thailand (EGAT), Mitsubishi ...

Singaporean Cybersecurity Company Opens Digital Crime Resistance Center in Thailand

Apr 2023 Thailand, ICT

Group-IB, a global cybersecurity company headquartered in Singapore, has revealed plans to establish a Digital Crime Resistance Center in Thailand. The company has also ...

Thailand to Start USD 1 Billion Expansion of Bangkok’s Don Mueang Airport in 2023

Apr 2023 Thailand, Infrastructure

Airports of Thailand (AOT) has announced its intention to invest $1 billion in expanding the budget traveler terminal at Bangkok's Don Mueang Airport. The expansion project ...

Explore Our Services