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

Italian Energy Company Plans to Increase Gas Production while Focusing on Decarbonization Efforts in Indonesia

Italian energy company Eni SpA has presented its proposed expansion of natural gas operations to the Indonesian government and concurrently inked an agreement with the energy ...

Indonesia Broadens Tax Incentives to Stimulate Electric Vehicle Sales

Indonesia has introduced fresh incentives to stimulate the sales of domestically manufactured and imported electric vehicles (EVs), aiming at promoting eco-friendly ...

French and Indonesian Firms Collaborate for Armored Personnel Carrier Development

Texelis, a French vehicle chassis manufacturer, and Sentra Surya Ekajayais (SSE), an Indonesian vehicle manufacturer, have collaborated to design an armored personnel carrier ...

Germany’s President Highlights Sustainable Farming Collaboration with Thailand  

Germany’s president, Frank-Walter Steinmeier, recently undertook a state visit to Thailand, where he toured a project in Ubon Ratchathani dedicated to promoting ...

Israel Aerospace Industries and Royal Thai Navy Enter Collaboration Agreement

During Defense and Security Thailand 2023, a leading trade event for the Southeast Asian region, Israel Aerospace Industries (IAI) and the Royal Thai Navy entered a ...

UOB Thailand Collaborates with BOI to Attract High-tech FDI

United Overseas Bank (UOB) Thailand recently forged a strategic alliance with Thailand’s Board of Investment (BOI) to amplify foreign direct investment (FDI) in the country’s ...

Thai and Japanese Oil and Gas Giants Collaborate on CCS Project

PTT Exploration and Production (PTTEP), the Thai oil and gas giant, has joined forces with its Japanese counterpart, Inpex, to initiate a study on the potential for carbon ...

Thailand Promotes Investment Addressing PM2.5 Pollution

The Board of Investment (BOI) of Thailand has just approved measures to promote investments aimed at addressing pollution from fine particulates (PM2.5). These measures ...

Thailand Launches Telemedicine Services for Thais Abroad

The National Health Security Office (NHSO) recently announced plans to launch a telemedicine service for Thai citizens living or traveling abroad through remote medical ...

AstraZeneca Brings AI-Powered Lung Cancer Screening to Thailand

Thailand is marking a significant stride in the domains of healthcare and digital innovation with the launch of an innovative AI-driven lung cancer screening service by the ...

Thailand Launches New Free Zone in Chao Praya River

In January 2024 the Bangkok Port Authority unveiled a new Free Zone in the Chao Praya River area, dedicating 24,000 square meters of warehousing and container yards to ...

Thailand Commences Production of Electric Vehicles

In January 2024, Thailand achieved an important milestone in its automotive industry, with the inaugural production of its first domestically manufactured electric vehicle ...

Thailand’s Ethanol Specialist Expands to Functional Food

Ubon Bio Ethanol, a prominent player in Thailand’s ethanol production landscape, renowned for its innovative cassava-derived ethanol, has announced plans to embark on a ...

Singapore Launches Tender for Two Sea-based Fish Farm Plots

The Singapore Food Agency (SFA) has launched two sea space parcels for farming of fin fish and crustaceans off Pulau Bukom in the Southern Waters for sale by public ...

Singapore Establishes International Centre for Aviation Innovation

The Civil Aviation Authority of Singapore (CAAS) has set up the International Centre for Aviation Innovation (ICAI) to propel aviation technology development in response to ...

Singapore Attracts USD 9.5 Billion in Fixed Asset Investment in 2023

According to the Economic Development Board (EDB), Singapore attracted SGD 12.7 billion (USD 9.5 billion) in fixed asset investments in 2023. The chemicals sector led with ...

YTL Power International to Build Hydrogen Power Plant in Singapore

Singaporean energy producer YTL Power International, has secured the right to construct, own, and manage a new 600MW hydrogen-ready combined cycle gas turbine at Pulau Seraya ...

Rising Heat and Extreme Weather Projected in Singapore

The Centre for Climate Research Singapore, part of the Meteorological Service Singapore (MSS), recently released the Third National Climate Change Study (V3) findings. The ...

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