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

Israel Aerospace Industries and Royal Thai Navy Enter Collaboration Agreement

Feb 2024 Thailand, Defense/Aerospace

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

Feb 2024 Thailand, Economy

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

Feb 2024 Thailand, Energy, Environment

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

Feb 2024 Thailand, Environment

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

Feb 2024 Thailand, Healthcare, ICT

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

Feb 2024 Thailand, Healthcare, ICT

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

Feb 2024 Thailand, Infrastructure

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

Feb 2024 Thailand, Manufacturing

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

Feb 2024 Thailand, Agrifood, Retail/FMCG

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

Feb 2024 Singapore, Agrifood

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

Feb 2024 Singapore, Defense/Aerospace

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

Feb 2024 Singapore, Economy

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

Feb 2024 Singapore, Energy

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

Feb 2024 Singapore, Environment

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

Imperial College London Opens Centre in Singapore

Feb 2024 Singapore, Healthcare

British university Imperial College London recently opened ‘Imperial Global: Singapore’, its first overseas research and innovation hub. The center will foster collaboration ...

Singtel collaborates with NVIDIA to bring AI to Southeast Asia

Feb 2024 Singapore, ICT

Singaporean telecommunications conglomerate Singtel has just joined the NVIDIA Partner Network Cloud Programme and will bring NVIDIA’s full-stack AI platform to enterprises ...

Singapore’s Marina Bay Sands Invests USD 750 Million for Renovation

Feb 2024 Singapore, Infrastructure

Singapore’s Marina Bay Sands (MBS), the integrated resort fronting Marina Bay, is undergoing its second phase of renovation to become a top tourist destination. MBS was ...

Pharmaceutical Giant Invests Over USD 220 Million to Expand Production in Singapore

Feb 2024 Singapore, Healthcare, Manufacturing

AbbVie, a leading pharmaceutical company, has initiated a new USD 223 million expansion of its manufacturing facility in Singapore’s Tuas Biomedical Park. This ...

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