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

American Company Expands Specialty Materials Capability in Rayong, Thailand

Apr 2023 Thailand, Manufacturing

Momentive Performance Materials, a global leader in high-performance silicones and specialty solutions, has announced a new growth investment - a manufacturing facility in ...

Thai Food Conglomerate CP Group Focuses on Sustainable Corn Sourcing

Apr 2023 Thailand, Agrifood

Thai food conglomerate CP Group's Feed Ingredients Trading Business Group (FIT) and Charoen Pokphand Foods Public Company Limited (CP Foods) have announced the implementation ...

A New Manufacturing Plant to Start Supplying OLED Display for Apple in 2025

Apr 2023 Vietnam, Manufacturing

Chinese display manufacturer BOE is reportedly set to construct a new display module factory in Bac Ninh, Vietnam to meet the rising demand for small and medium-sized OLED ...

Lazada to Invest in Hundreds of Delivery Hubs All Over the Philippines

Apr 2023 Philippines, Retail/FMCG

Lazada, the Southeast Asian e-commerce giant, plans to build “hundreds” of delivery hubs throughout the Philippines in an effort to enhance delivery times and customer ...

VietCycle to Build Plastic Recycling Plant in Vietnam with ALBA

Apr 2023 Vietnam, Environment

VietCycle and ALBA Group Asia have entered into a partnership to construct a plastic recycling facility in Vietnam. The facility can process high-density polyethylene (HDPE) ...

Philippines and Sweden Finalizing Framework for Defense Material Acquisition

Apr 2023 Philippines, Defense/Aerospace

According to a report by the Philippine News Agency, the Philippines and Sweden are set to finalize a framework for defense material acquisition. In a meeting between the ...

Malaysia’s Pengerang Energy Complex Signs Deals Worth USD 102 Billion with Blue Chip Partners

Apr 2023 Malaysia, Energy

Pengerang Energy Complex Sdn Bhd recently signed key agreements with several blue-chip partners for the upcoming Pengerang Energy Complex (PEC) at Pengerang Integrated ...

Indonesia to Launch USD 2.6 Billion Hydroelectric Power Plant

Apr 2023 Indonesia, Energy, Infrastructure

The President of Indonesia, Joko Widodo, attended a ground-breaking ceremony on March 1, 2023, for the construction of a hydropower plant that will cost USD 2.6 billion and ...

Ford to Build a USD 4.5 Billion Nickel Plant in Indonesia

Apr 2023 Indonesia, Manufacturing

Ford has entered a partnership with PT Vale Indonesia and China's Zhejiang Huayou Cobalt to construct a USD 4.5 billion nickel processing plant in Indonesia. The Pomalaa ...

Malaysia Approved Investments Valued at USD 60 Billion in 2022, Second-Highest Ever

Apr 2023 Malaysia, Economy

The Malaysian Investment Development Authority (MIDA) has recently revealed that the country’s approved investment for 2022 amounted to MYR 264.6 billion (USD 60 billion) the ...

Malaysia Partners with UK Company for Cyber-security Regional Hub

Apr 2023 Malaysia, ICT

Malaysian energy company, Sapura Holdings Bhd is teaming up with UK-based TriCIS Ltd to create a regional center for cyber intelligence solutions through its cyber security ...

Leading Biological Specialist Expands in Thailand and Singapore

Apr 2023 Singapore, Thailand, Healthcare

Austrianova, also known as SGAustria, a leading provider of cell biological products and services, has unveiled plans to expand its facilities in Thailand and Singapore. The ...

Philippines Poised to Pass Regional Peers in the Renewable Energy Production

Apr 2023 Philippines, Energy, Environment

The Philippines is making significant progress in the renewable energy space and is poised to overtake Vietnam as Southeast Asia's leading producer of green energy by 2030. ...

Thailand’s PTT Oil and Retail Plans USD 900 Million Investment in 2023 for Expansion

Apr 2023 Thailand, Retail/FMCG

PTT Oil and Retail (OR), Thailand's prominent oil and retail operator, has announced impressive financial results for 2022, with sales and service revenue totaling USD 22.8 ...

Japanese Aristech Company to Invest in a USD 97 Million Durian Cultivation Project in Malaysia

Apr 2023 Malaysia, Agrifood

Japan-based agritech company MYFARM Inc has recently put forward plans to invest MYR 210 million (USD 47 million) in a durian, agriculture and aquaculture cultivation project ...

Malaysian Space Agency to Improve Strategic Cooperation with Industry, Plans Space Launching Site

Apr 2023 Malaysia, Defense/Aerospace

It has recently been announced that the Malaysian Ministry of Science, Technology, and Innovation (MOSTI) through the Malaysian Space Agency (MYSA) will be leading the Space ...

Amazon to Invest USD 6 Billion for a New Infrastructure Region in Malaysia

Apr 2023 Malaysia, Infrastructure

Amazon Web Services (AWS) will be launching a new AWS infrastructure Region in Malaysia, with the primary aim of connecting local developers, startups, entrepreneurs, and ...

Largest-ever US Business Delegation to Vietnam Seeks Investment Opportunities

Apr 2023 Vietnam, Economy

Senior executives from 52 US companies have recently participated in the US-ASEAN Business Council's (USABC) largest-ever business mission to Vietnam in March 2023. The ...

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