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

UAE and Indonesia Sign Agreement for Cardiology Hospital Construction in Surakarta

Nov 2023 Indonesia, Healthcare

Indonesian Minister of Health, Budi Gunadi Sadikin, and Minister of State of the United Arab Emirates (UAE), Ahmed Ali Al Sayegh, recently signed a Cooperation Agreement for ...

Indonesia Receives GBP 27 Million Grant from the UK for Green Economy Growth

Nov 2023 Indonesia, Environment

Indonesia has received a grant of IDR 514 billion (GBP 27.2 million, or USD 33.5 million) from the United Kingdom to execute the second phase of the Low Carbon Development ...

Singapore and Indonesia Collaborate on Green Hydrogen Production and Export

Nov 2023 Indonesia, Energy

Singapore’s Sembcorp Utilities Pte Ltd and Indonesian state-owned utility company PT PLN have signed a joint development study agreement to explore the feasibility of ...

Indonesia and Czech Republic to Enhance Economic Cooperation

Nov 2023 Indonesia, Economy

Indonesia and the Czech Republic have agreed to enhance cooperation in various fields, including infrastructure, transportation, vocational education, energy and mineral ...

Italy Prepares Patrol Ships Sales to Indonesia

Nov 2023 Indonesia, Defense/Aerospace

Italy is in negotiations with Indonesia for the sales of two of its new PPA multi-purpose patrol vessels, an Italian minister reported to the Defense News. To expedite ...

Bella Bulgaria Launches USD 72 Million Food Project with Indonesian Firm

Nov 2023 Indonesia, Agrifood

Food company Bella Bulgaria and Indonesian firm Garuda Mitra Utama (GMU) signed a cooperation agreement during the Indonesia-Europe Business Forum in Jakarta. The ...

Japanese Corporation Invests in Thai Subsidiary to Commercialize Polymers from Inedible Biomass

Oct 2023 Thailand, Agrifood

Toray Industries recently announced an investment of over USD 8 million in Thai entity Cellulosic Biomass Technology Co., Ltd. in order to upgrade cellulosic sugar production ...

Thaicom Selects Airbus for New Generation Satellite

Oct 2023 Thailand, Defense/Aerospace

Thaicom Public Company Limited, a leading Asian satellite and space technology company based in Thailand, recently announced the selection of Airbus, a European leader in ...

Thailand Approves 20 Investment Projects from Taiwanese Electronic Companies

Oct 2023 Thailand, Economy, Manufacturing

The Board of Investment (BoI) of Thailand has recently greenlighted 20 investment projects worth over USD 820 million from Taiwanese electronics companies which are aiming to ...

Leading EV Manufacturer to Establish Operations in Thailand

Oct 2023 Thailand, Energy, Manufacturing

Guangzhou Automobile Corp (GAC), a leading electric vehicle (EV) manufacturer, recently announced it plans to develop Thailand into a global production hub for its right-hand ...

PTTEP to Spearhead Solar Power for Petroleum Production in Thailand

Oct 2023 Thailand, Environment

Thai petroleum exploration and production company PTT Exploration and Production Public Company Limited, also known as PTTEP, recently launched a solar power project under ...

Airports of Thailand to Launch a New Terminal

Oct 2023 Thailand, Infrastructure

Airports of Thailand (AOT) is preparing to soft-launch the Satellite 1 (SAT-1) terminal at Suvarnabhumi International Airport, following a successful trial run. During the ...

South Korean Tech Giant Enters the Thai Fintech Market

Oct 2023 Thailand, ICT

The subsidiaries of South Korean tech giant Kakao Corp are making successfully inroads in the Thai market. Kakao Pay just started offering its payment services in the ...

AI Solutions Set to Transform Thailand’s Healthcare Sector

Oct 2023 Thailand, Healthcare

Recent analyses have highlighted how artificial intelligence (AI) solutions are transforming Thailand’s healthcare sector, with new technologies designed to enhance patient ...

Apple Supplier Murata Opens New Factory in Thailand

Oct 2023 Thailand, Manufacturing

Japanese electronic parts maker Murata Manufacturing has just opened a new plant in Thailand set to commence production in November 2024. It is expected that the Apple ...

Japanese Furniture Specialist Expands to Thailand

Oct 2023 Thailand, Retail/FMCG

Japanese furniture and home furnishings company Nitori has plans to invest THB 240 million (USD 6.6 million) in order to expand its furniture business in Thailand in 2024. It ...

Philippines to Build Its First Vaccine Manufacturing Facility with Korean Partner

Oct 2023 Philippines, Manufacturing

A partnership between Philippine firm Glovax Biotech Corporation and Korean pharmaceutical company, Eubiologics, will involve the building the Philippines’ first ...

US Launches First Online Agricultural Trading Hub in the Philippines

Oct 2023 Philippines, Agrifood

The United States government launched its first agricultural e-commerce platform in the Philippines through the U.S Agency for International Development (USAID) in ...

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