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

Swiss Company Implements US Wastewater Solution at Its Manufacturing Plant in Thailand

Apr 2025 Thailand, Environment

Swiss chemical company Archroma has implemented a membrane and oxidation-based Zero Liquid Discharge (ZLD) system at its dyestuffs manufacturing plant in Mahachai, Thailand. ...

UK Company Secures a USD 1.8 Billion Contract for Energy Digitization and Smart Grid in Thailand

Apr 2025 Thailand, Energy

Gorilla Technology Group, a British business solutions provider, has secured a 1.8 billion USD agreement to lead an energy digitization and smart grid project in Thailand. ...

Thailand Greenlights 2.7 Billion USD in Investments for Data Centres and Cloud Services

Apr 2025 Thailand, Economy, ICT

Thailand has approved investments totaling approximately 2.7 billion USD in data centers and cloud services, marking a significant expansion of the country’s tech sector. The ...

Bangkok Airways Plans to Acquire 30 New Jets as ‘The White Lotus’ Drives Tourism Growth

Apr 2025 Thailand, Defense/Aerospace

Bangkok Airways is preparing to place an order for up to 30 new aircraft as part of its fleet renewal strategy and to accommodate the anticipated growth in tourism, ...

Norwegian Salmon Campaigns Achieve Success in Thailand

Apr 2025 Thailand, Agrifood, Retail/FMCG

Norwegian salmon has gained significant popularity in Thailand, largely driven by the growth of sushi consumption. The country now hosts around 5,700 Japanese restaurants, a ...

Thailand to Lift Decades-Old Ban on Afternoon Alcohol Sales

Apr 2025 Thailand, Retail/FMCG

Thailand is preparing to lift a 53-year-old ban on afternoon alcohol sales as part of broader efforts to liberalize the market and boost tourism. The Thai House of ...

Singapore Proposes New Rules to Let Retail Investors Access Private Market Funds

Apr 2025 Singapore, Economy

On March 27, 2025, the Monetary Authority of Singapore (MAS) announced a proposal to allow retail investors to participate in private market investment funds, a move aimed at ...

Singapore to Launch Request for Proposal to Buy Carbon Offset

Apr 2025 Singapore, Environment

Singapore is set to begin purchasing carbon credits to help offset its greenhouse gas emissions, with the Ministry of Trade and Industry (MTI) preparing to launch a request ...

Oracle Launches AI Centre of Excellence in Singapore to Drive Regional Innovation

Apr 2025 Singapore, ICT

Oracle has launched its AI Centre of Excellence in Singapore, establishing a regional hub to accelerate artificial intelligence (AI) innovation and adoption across Southeast ...

Singapore to Build a New Hospital in Tengah and Add 4,000 Public Hospital Beds by 2030

Apr 2025 Singapore, Healthcare

Singapore will construct a new integrated general and community hospital in Tengah Town by the early 2030s to address rising healthcare demand, especially in the rapidly ...

Singapore and Vietnam Deepen Renewable Energy Ties with Offshore Wind Power Cooperation

Apr 2025 Singapore, Energy

Singapore and Vietnam have significantly advanced their renewable energy partnership with the endorsement of a joint report on Offshore Wind Power Trade Cooperation. The ...

Microsoft Expands AI Pinnacle Program to Accelerate Industry Transformation in Singapore

Apr 2025 Singapore, Manufacturing

Microsoft has announced an expansion of its AI Pinnacle Program in Singapore, forging new collaborations with both public and private sector leaders to drive large-scale ...

Singapore Opens State-of-the-Art Rail Test Centre to Boost Network Reliability

Apr 2025 Singapore, Infrastructure

Singapore reached a significant milestone in its rail infrastructure with the official opening of the Singapore Rail Test Centre (SRTC) in Tuas on March 28, 2025. The SRTC, ...

CELINE and Fabrique Redefine Singapore’s Luxury Retail Scene with Artistry and Accessibility

Apr 2025 Singapore, Retail/FMCG

In March 2025, two distinctive brands—CELINE and Fabrique—arrived to elevate Singapore’s luxury retail landscape. Both launches highlight the city’s status as a premier ...

Singapore’s Defence Budget Hike Drives New Military Acquisitions, Opportunities

Apr 2025 Singapore, Defense/Aerospace

The Government of Singapore has announced a 12.4% increase in its defence budget for FY 2025, raising it to SGD 23.4 billion (USD 17.4 billion), the largest allocation among ...

Singapore RAS Targets 1,000 Tons of Local Salmon Production

Apr 2025 Singapore, Agrifood

BMW Singapore RAS, a local aquaculture firm, has announced plans to produce 1,000 metric tons of farmed salmon in Singapore by 2025, marking a significant step in the ...

South Korea’s Convenience Specialist GS25 Enters Northern Vietnam with Six New Stores

Apr 2025 Vietnam, Retail/FMCG

The South Korea’s convenience store brand GS25 has officially ventured into northern Vietnam by launching six new outlets in Hanoi, marking a significant step in its broader ...

Škoda Auto Launches Vehicle Assembly Plant in Vietnam

Apr 2025 Vietnam, Manufacturing

Czech automobile manufacturer Škoda Auto, a subsidiary of the Volkswagen Group, has officially launched a new vehicle manufacturing facility in Vietnam, reinforcing its ...

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