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

South Korean Player to Develop a Smart Cities Platform Management for Vietnam

Jul 2023 Vietnam, ICT

Bespin Global Vietnam, a cloud management service provider, has inked a Memorandum of Understanding (MoU) with South Korea’s Changsoft I&I to develop a platform for smart ...

Vietnam’s Logistics Sector Appealing to Investors Amidst Upgrade Plans

Jul 2023 Vietnam, Infrastructure

Vietnam recently announced plans to upgrade its logistics infrastructure in the southeast region. This key southern economic region covers Ho Chi Minh City (HCMC) and the ...

Thailand Advances its Medical Innovation District

Jul 2023 Thailand, Healthcare

Thailand’s National Innovation Agency (NIA) is driving the development of the Yothi Medical Innovation District (YMID) initiative to meet the demand for the creation of a ...

MAS Proposes Common Protocol for Digital Money in Singapore

Jul 2023 Singapore, ICT

The Monetary Authority of Singapore (MAS) has published a whitepaper proposing a common protocol to specify conditions for the use of digital money, such as central bank ...

Llaollao Expands Presence in Singapore, Capitalizing on Growing Demand

Jul 2023 Singapore, Retail/FMCG

Spanish frozen yogurt company Llaollao has identified Singapore as a key market, with plans to expand its presence in the country. The company, known for its high-quality ...

Siemens to Establish Advanced Automation and Digitalization Factory in Singapore

Jul 2023 Singapore, ICT, Manufacturing

Siemens, the global technology conglomerate, has announced a new factory in Singapore for its automation and digitalization products. The factory, expected to be completed by ...

Singapore Unveils Digital Connectivity Blueprint to Drive Emerging Technologies

Jul 2023 Singapore, ICT, Infrastructure

The Singapore government has recently announced a comprehensive digital blueprint to guide the implementation of emerging technologies, including generative AI, autonomous ...

Biosyngen Opens Advanced Cell Therapy Manufacturing Facility in Singapore

Jul 2023 Singapore, Healthcare

Biosyngen, a Singapore-based cell therapy company, has recently opened a new manufacturing facility in Singapore, and is expected to hire around 200 individuals over the next ...

Singapore Launches New Solar Research Lab to Boost Efficiency of Solar Panels

Jul 2023 Singapore, Environment

An SGD 77 million (USD 57.4 million) solar research lab has been launched in Singapore with the aim of enhancing the efficiency and cost-effectiveness of solar panels. The ...

Mitsubishi Power Consortium Awarded Contract to Develop Hydrogen-Ready Power Plant in Singapore

Jul 2023 Singapore, Energy

Mitsubishi Heavy Industries (MHI), a leading global industrial firm, has announced that a consortium comprising Mitsubishi Power, MHI, and Jurong Engineering Limited (JEL) ...

UK and Singapore Sign Agreements to Boost Digital Innovation and Collaboration

Jul 2023 Singapore, Economy

New research and regulatory cooperation agreements have been signed between the United Kingdom and Singapore. Under the new emerging technologies agreement, both countries ...

Pratt & Whitney Singapore Facility Achieves Full Operational Capability

Jul 2023 Singapore, Defense/Aerospace

Pratt & Whitney, a world leader in the design, manufacture, and service of aircraft engines and auxiliary power units, recently announced that its Singapore manufacturing ...

Bluu Seafood: Introducing Lab-Grown Sustainable Seafood in Singapore by 2024

Jul 2023 Singapore, Agrifood

Bluu Seafood, a German biotech startup that aims to produce sustainable and high-quality seafood products through cellular agriculture, plans to introduce lab-grown seafood ...

Thai Airways to Add A321neo Airbus Aircraft from 2025

Jul 2023 Thailand, Defense/Aerospace

Thailand’s leading carrier, Thai Airways International, will incorporate five Airbus A321neos on lease from the second half of 2025 and will seek another five more. The ...

Thailand Emerges as a Key Destination for Investors Looking to Alternatives to China

Jul 2023 Thailand, Economy

Investors are perceiving Thailand and the larger Southeast Asian region in general as a compelling alternative to China, which is currently experiencing supply uncertainties ...

Thailand to Boast the Largest Solar-plus-storage Project in Southeast Asia

Jul 2023 Thailand, Energy, Environment

Global inverter and energy storage solution supplier Sungrow is partnering with renewable energy specialist Super Energy to construct the largest solar-plus-storage project ...

Overseas Software Players Target the Growing Thai Market

Jul 2023 Thailand, ICT

Several foreign software firms have established offices in Thailand in 2023 in order to capitalize on the country’s continuing digital transformation and the consequent ...

The Conclusion of Highway 12 is Expected to Create Opportunities for Thailand

Jul 2023 Thailand, Infrastructure

Thai transport and tourism analysts have highlighted how the construction of Highway 12 will result in business opportunities. The highway, stretching nearly 800km, is a ...

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