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

New Defense Holding Company to be Formed Amidst Drive in Military Modernization in Indonesia

The Indonesian government aspires to establish a new holding firm, which will combine the capabilities of the country's state-owed defense industrial base, by the fourth ...

Mu Space Opens First Satellite Manufacturing Facility in Southeast Asia

Thai space technology company mu Space has opened the first dedicated aerospace manufacturing facility in Southeast Asia. Measuring more than 2,200 square meters, the factory ...

Thai Union and V Foods to Expand Plant Based Food Businesses

Thai Union Group PCL and V Foods (Thailand) Co., Ltd. have recently signed a memorandum of understanding (MoU) to develop and expand their plant-based food businesses. Under ...

USD 5.9 Million Agri-Industrial Hub to be Built in Taguig City

The Department of Agriculture (DA) will establish the first Agri-industrial Business Corridor (ABC) for freshwater aquaculture and urban farming in Taguig, in partnership ...

New Launch of Plant-Based Meat Products in Indonesia

Indonesian plant-based meat startup Green Rebel has launched two new plant-based whole cut steak products in Indonesia in order to help bridge the growing demand for beef and ...

New App to Help Fish and Shrimp Farmers in Singapore

Blue Aqua International, analytics software company SAS and Temasek Polytechnic's Aquaculture Innovation Centre are collaborating to support the local aquaculture industry in ...

IFC to Invest USD 43 Million Supporting Pork Production in Vietnam

The International Finance Corporation (IFC), the largest global development institution focusing on the private sector in emerging markets, is helping GREENFEED Vietnam ...

FGV Launches the FGV Chuping Agro Valley in Malaysia

FGV Holdings Berhad (FGV) has officially launched FGV Chuping Agro Valley (FCAV) in conjunction with the Northern Corridor Implementation Authority (NCIA). FGV is an ...

Vietnam’s Retail Players Make Inroads Abroad

The Vietnamese retail industry is growing rapidly, and its key players have started expanding to foreign markets. In of the most illustrative recent examples, in May 2021, ...

Sales of Imported Cars Surged Amidst the Pandemic

Sales of imported cars almost quadrupled in May 2021 compared with the level in the same month last year, according to the Association of Vehicle Importers and Distributors ...

DKSH, Kotányi GmbH Expand Partnership to Enter Malaysia

Swiss-based market expansion services provider DKSH, through its local unit DKSH Business Unit Consumer Goods in Malaysia, has expanded its cooperation with Kotányi GmbH, an ...

Covid-19 Leads Indonesia’s Mom and Baby Products Market to Register Double Digit Growth

The domestic demand for mom and baby products is poised to enjoy double-digit growth by 2025. This is backed by an increasing number of online shoppers and tech-savvy ...

AirAsia Forays into Grocery Delivery in Singapore

Following multinational low-cost airline AirAsia's successful introduction of airasia food in the Singapore market in March 2021, the airasia super app is now offering ...

700 New 7-Eleven Stores Planned in Thailand

In June 2021, Thai operator of 7-Eleven convenience stores CP All announced that it will expand its 7-Eleven store network with 700 new outlets by the end of the year. ...

Vietnam Emerges as a Global Supplier of Personal Protective Equipment

As the significant shortage of personal protective equipment (PPE) in many countries has impacted the containment of the COVID-19 pandemic over the past 18 months, the ...

US Company Enters the Thai Genomics Market

American multinational technology company NVIDIA just announced the installation of an NVIDIA DGX™ A100 system and NVIDIA Clara Parabricks sequencing analysis software at the ...

Research Institute and Center for Regenerative Medicine Launched in Singapore

The SingHealth Duke-NUS Academic Centre (AMC) has launched a research institute and disease center that will help in the advancement of regenerative medicine and ...

Philippines’ Department of Science and Technology Introduces 6 Virus and Vaccine-focused R&D Projects

The Department of Science and Technology (DOST) has approved the conduct of six flagship R&D projects that will serve as foundation studies of the proposed Virology and ...

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