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
Vietnam to Increase Wind Energy and LNG by 2030
Vietnam recently announced that it has finalized a long-awaited power plan for this decade, with the goal of increasing wind energy and gas while decreasing dependency on ...
Vietnamese City Tests Out Electric Waste Collection Trucks
The United Nations Development Program (UNDP) and the Embassy of Japan in Vietnam have given the Vietnamese city of Hue six electric trucks for rubbish collection, which are ...
Vietnam and Sweden Set to Expand Trade Ties, Potential Focus on Energy Sector
Sweden is an important Northern European market for Vietnam, and the two countries have a lot of potential to increase bilateral commerce, as recently highlighted by ...
Vietnam and Japan Collaborate for the Manufacturing of Aerospace Components
A meeting was recently convened at the Kobe Chamber of Commerce and Industry (KCCI) headquarters in Japan to discuss ways to increase Vietnam-Japan cooperation in the ...
Vietnam’s Shrimp Sector Embracing Technology for Clean Supply Chain
The Vietnamese shrimp sector has expanded considerably over the past decade, but some issues such as overfishing, diseases, pollution, and forced labor are still to be fully ...
FamilyMart Announces 1st Halal Convenience Store Cafe in Malaysia
FamilyMart Malaysia, a leading Japanese convenience store chain, announced that its FamiCafé has obtained halal certification from the Department of Islamic Development ...
Yamaha Collaborates with Local Player for a Smart Lights-Out Factory in Malaysia
EG Industries Berhad, Malaysia’s leading Electronic Manufacturing Services (EMS) and Vertical Integration provider, has partnered with Yamaha Motor Co., Ltd., one of the ...
Malaysia Emerging as a Regional Hub for Shipbuilding and Ship Repair
The Malaysian Investment Development Authority (MIDA), the government organization responsible for promoting foreign direct investment, announced that Malaysia has ...
Dyson to Open Advanced Manufacturing Plant for Next Generation Batteries in Singapore
In early May 2023, global technology company Dyson announced plans to accelerate its international advanced manufacturing capabilities and global R&D footprint. These new ...
Gulf Marketing Group to Open Sun & Sand Sports Store in Singapore
Gulf Marketing Group (GMG), a Middle Eastern conglomerate, has announced that it will open its first Sun & Sand Sports (SSS) store in Singapore. SSS, established in Dubai ...
Singapore and US Bolster Cybersecurity Partnership, Test Banks’ Resilience
The US Department of Treasury and the Monetary Authority of Singapore (MAS) have announced an expansion of their collaboration related to cyber and operational resilience ...
Finnish Company to Collaborate on Digital Port Projects in Singapore
The Maritime and Port Authority of Singapore (MPA) has signed a Memorandum of Understanding (MoU) with Wärtsilä, a Finnish company that manufactures and services power ...
Amid Biopharma’s Singapore Expansion Push, Thermo Fisher Debuts Sterile Drug Facility
Amidst a recent expansion of operations by the biopharma industry in Singapore, Thermo Fisher is the latest player to expand its manufacturing and research capabilities in ...
Singapore to Drive Efforts to Take Carbon Out of Shipping
Amidst record-breaking temperatures in Asia, Singapore is putting increased efforts to decarbonize shipping, being the largest refueling hub for ships in the world. With ...
Singapore to Build Back-up Power Plant to Boost Energy Resilience
Singapore plans to strengthen the country’s energy resilience, with the Energy Market Authority (EMA) announcing plans to build 2 open cycle gas turbine (OCGT) generation ...
Estonia Opens Business Hub in Singapore, Opening Gateway for Nordic-Baltic Economies
In early June 2023, Estonia announced the opening of its embassy’s new premises in Singapore, as well as a trade and business hub. Estonia is among the European Union’s most ...
Neste Opens Refinery Expansion and Sustainable Aviation Fuel Supply Chain in Singapore
In May 2023, oil refining and marketing company Neste celebrated the official opening of its Singapore Refinery Expansion. The expansion, which was first announced in 2018, ...
Protein Derived from Air Debuts in Singapore
In late May 2023, Solein, the sustainable protein developed by Finnish Tech Food company Solar Foods, underwent its first official tasting in Singapore, half a year after the ...
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