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

US Company Establishes Thailand’s First GMP-certified Cell Therapy Facility

Sep 2023 Thailand, Healthcare

American life sciences specialist Cytiva collaborated with Thailand’s Genepeutic Bio to establish the first Good Manufacturing Practice (GMP) certified cell therapy ...

Thai-Austrian JV Launches First Beverage Bottles Made from 100% Recycled PET

Sep 2023 Thailand, Environment

ENVICCO, the joint venture between Thai petrochemical producer PTT Global Chemical and Austrian plastics manufacturer Alpla, has launched Thailand’s first food-grade ...

Japanese Company to Build World’s Largest Rooftop Solar Plant in Thailand

Sep 2023 Thailand, Energy, Environment

The Thailand Board of Investment (BOI) has just announced that Japanese electricity supplier Kansai Electric Power Company (KEPCO) is completing work on a 22-megawatt (MW) ...

Thailand Bets on Tourism and Opens New Tourism Offices in the US and Saudi Arabia

Sep 2023 Thailand, Economy

Thailand’s government has revealed that it will establish new tourism offices in the United States and Saudi Arabia as the country aims to boost the number of tourists. ...

Thailand’s Market Opens up for Polish Beef

Sep 2023 Thailand, Agrifood

Poland’s agriculture ministry has just announced that 11 beef-processing companies in Poland have been granted authorization to export beef meat and beef offal to ...

Chiang Mai Airport Commences 10-Year Expansion Plan

Sep 2023 Thailand, Defense/Aerospace

Airports of Thailand (AOT) recently announced the official launch of its comprehensive 10-year development strategy for Chiang Mai International Airport. The key goal of this ...

PepsiCo Re-enters Indonesia with a New Snack Factory

Sep 2023 Indonesia, Manufacturing, Retail/FMCG

American food and beverage company PepsiCo is reportedly making a comeback in Indonesia with the construction of a snack factory in West Java. This move follows its ...

Tesla Plans to Invest in a New Battery Factory in Indonesia

Sep 2023 Indonesia, Manufacturing

In August 2023, a high-ranking Indonesian official revealed that Tesla, the American electric vehicle (EV) maker, intends to invest in battery material production within ...

Indonesia’s New Capital Project Set to Receive USD 2.7 Billion Funding in 2024

Sep 2023 Indonesia, Infrastructure

As part of its 2024 budget, Indonesia has committed IDR 40.6 trillion, which amounts to USD 2.7 billion, for the development of its new capital city. According to government ...

Telkomsel and Ericsson Bolster Ties to Broaden 4G/5G Network Coverage in Indonesia

Sep 2023 Indonesia, ICT

Indonesian telecommunications company Telkomsel and Ericsson have recently renewed their partnership to expand and fortify their 4G/5G networks in Indonesia. Ericsson, known ...

Indonesia Considers Special Economic Zone Development to Boost Economic Prosperity

Sep 2023 Indonesia, Economy

International trade and investment are essential to Indonesia’s economy. It has been recently reported that the government has prioritized the establishment of special ...

Malaysian Firm My Myracle Invents Halal Plant-derived Postbiotics

Sep 2023 Malaysia, Agrifood

My Myracle is the only postbiotics manufacturing company in Malaysia and Southeast Asia, focusing solely on plant-derived bacteria. Partnering with the University of Putra ...

The Malaysian Army Sets to Acquire 178 Mildef Tarantula 4×4 HMAV Armored Vehicles

Sep 2023 Malaysia, Defense/Aerospace

Mildef International Technologies (Mildef), a Malaysian private defense company has sealed a deal to provide 178 T Tarantula 4×4 High Mobility Armoured Vehicles (HMAV) ...

Malaysia Records USD 28.3 million in FDI in The First Half Of 2023

Sep 2023 Malaysia, Economy

The Ministry of Investment, Trade and Industry (MITI) announced that Malaysia has attracted a Foreign Direct Investment (FDI) of MYR 132.6 billion (USD 28.3 billion) in the ...

Malaysia To Leap into a Green Hydrogen Economy by 2027

Sep 2023 Malaysia, Energy

Malaysia is poised to introduce its Hydrogen Economy and Technology Roadmap, strategically aiming to secure investments in green hydrogen production and position itself as a ...

Malaysian Palm Oil Board Collaborates with Petronas on Palm-Derived Sustainable Aviation Fuel

Sep 2023 Malaysia, Environment

The Malaysian Palm Oil Board (MPOB) and Petronas, Malaysia’s leading energy entity, have joined hands to assess the viability of repurposing used cooking oil and palm ...

LYC Healthcare and South Korean Firms Collaborate to Boost Postbiotics Market in Malaysia

Sep 2023 Malaysia, Healthcare

Aqurate Ingredients Intl (M) Sdn Bhd, an LYC Healthcare Bhd arm that specializes in functional ingredients for the food & beverage, nutraceutical, pharmaceutical, and ...

Google Cloud Partners Malaysia Airports and Asia Mobiliti to Boost Digital Travel Services

Sep 2023 Malaysia, ICT

Google Cloud is partnering with Malaysia Airports Holdings Bhd (MAHB) and Asia Mobiliti to cater to the growing need for sustainable, digital-first travel experiences in the ...

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