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 and South Korea to Open Technology Research Center

The Vietnam-Korea Institute of Science and Technology (VKIST) was inaugurated on January 17 at the Hoa Lac Hi-tech Park in Hanoi. The VKIST is one of Vietnam’s largest ...

Thailand to Start Construction of the USD 8.8 Billion Eastern Aviation City Project

It has been recently reported that the government of Thailand will launch construction works for the THB 290 billion (USD 8.8 billion) Eastern Aviation City. The initiative ...

INPEX Joins the Rajabasa Geothermal Project in Indonesia

Japanese oil and gas company Inpex has joined the Rajabasa Geothermal Project in Indonesia through INPEX GEOTHERMAL, LTD., a subsidiary established for the purpose of ...

Malaysia, Singapore Sign Framework on Cooperation in the Digital Economy

The Malaysia-Singapore Framework on Cooperation in Digital Economy is an important effort to further advance the cooperation between the two countries in the digital and ...

Singapore’s Construction Demand to Remain Strong In 2023

The Building and Construction Authority (BCA) has projected the total construction demand in Singapore for the year 2023 to be between USD 27 billion and USD 32 billion. This ...

Mambu Enables Tyme Group to Boost Digital Banking in the Philippines

Newly launched Filipino bank GoTyme Bank has partnered with global cloud banking platform Mambu to deliver an innovative digital banking solution that is aiming to improve ...

Vinmec Times City Joins Cleveland Clinic’s Partner Network

It was jointly announced by Cleveland Clinic and Vinmec Health System that Vinmec Times City International Hospital has joined the network of Cleveland Clinic ...

Thai Startup HD Brings the Sharing Economy Model to Healthcare Sector

Thai startup HD is making the headlines for applying the sharing economy model in Southeast Asia's healthcare sector. The startup offers a platform that helps three parties ...

IOH Completes Network Integration in Jabodetabek with Ericsson

Indosat Ooredoo Hutchison (IOH) has announced that it is on its way to completing a nationwide network integration using Multi Operator Core Network (MOCN) technology to ...

Japanese Firms Enter Durian Cultivation in Malaysia

PLS Plantations’ 51%-owned unit PLS LESB has entered into an of agreement with Millennium Agriculture Technology Sdn Bhd (MAT) and its parent, MyFarm Inc Japan. The parties ...

Singapore Moves to Improve Air Traffic Management

Singapore is planning to implement a new air traffic management (ATM) system in the latter half of the decade to manage the projected increase in flights and reduce delays. ...

Demand for Pet Food Soaring in the Philippines

Demand for pet food in the Philippines is on the rise, according to the US Department of Agriculture (USDA). The FAS in Manila projected that the pet food industry in the ...

Apple Supplier BOE Technology Invests in Vietnam

BOE Technology Group, a Chinese display maker and a supplier to both Apple Inc and Samsung Electronics, intends to invest up to USD 400 million to develop two factories in ...

Thailand Inaugurates First Digital Free Trade Hub

Thailand has inaugurated its first digital free trade hub as part of a collaboration with Alibaba aimed at enhancing the logistics and e-commerce sectors. The hub is a free ...

EOTECH to Supply Holographic Weapon Sights to Indonesian Army

Known as the Tentara Nasional Indonesia (TNI), the Indonesian Military has selected American company EOTECH’s Holographic Weapon Sight (HWS) and magnifier for use by the ...

PAAB allocates MYR 1 Billion for Water Piping System

Pengurusan Aset Air Bhd (PAAB) allocates approximately MYR 1 billion each year to maintain and upgrade water piping systems throughout Peninsular Malaysia, according to Abdul ...

Singapore Ideal for Startups and Venture Capital in Asia

Looking ahead at Singapore's economy for 2023, there is a reason for optimism in the tech startup scene, especially for early-stage, deep tech companies and investors. While ...

French Company Chooses Thailand for its Second Biobased Organic Acids Plant

AFYREN, a French greentech company that offers manufacturers bio-based, low-carbon ingredients produced using unique fermentation technology based on a completely circular ...

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