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

General Atlantic Invests in Indonesian Dairy Company

US private equity firm General Atlantic has invested USD 130 million in PT Cisarua Mountain Dairy Tbk, an Indonesian dairy and food products company. Cimory has been in ...

HCMC Seaport System Requires More Effective Mechanisms

The investment in the USD 6 billion international transshipment port in Ho Chi Minh City (HCMC) is said to be confirmed while waiting for the Ministry of Planning and ...

Gov’t Reveals 2023 Priorities for the Power Sector

The Philippine Department of Energy (DOE) has unveiled its key priorities for 2023, top of which is pursuing contingency measures and activities to ensure energy supply ...

Thailand to Launch Its First Satellite as Part of Cooperation with the UK

Thailand’s first satellite for earth exploration is being prepared for a launch scheduled for early 2023. It was recently reported that the Theos-2 satellite is currently ...

Davao City Builds Its Second Public Hospital

The Davao City government in partnership with University of the Philippines (UP) is building the Davao City Public Hospital (DCPH) which is targeted to operate in three years ...

The Philippines Set be the Fastest Growing Economy in ASEAN

The Philippines is seen emerging as the fastest growing economy among member countries of the Association of Southeast Asian Nations (ASEAN) over the next two years according ...

Unilever to Open in the Philippines Its Largest Personal Care Factory Globally

Unilever, one of the largest retails/FMCG companies in the world, recently announced that it will expand its personal care factory in the Philippines. The project will cost ...

The Philippines to Allow 100% Foreign Ownership in Renewable Energy

In a landmark move to increase the power generation capacity and make the Philippines less reliant on imported fuels, the country's Department of Energy (DOE) has recently ...

Coca-Cola Philippines to Expand 100% Recycled Plastic Packaging

Coca-Cola Philippines recently announced that it will transition its key brands Coca-Cola Original Taste and Wilkins Pure to 100% recycled PET plastic packaging (excluding ...

GSK Opens First High-Potency Facility in Singapore for Cancer Treatment Drugs

British multinational pharmaceutical and biotechnology company GlaxoSmithKline (GSK) has announced the opening of a new SGD 44 million (USD 33 million) high potency facility ...

Oshkosh Defense Inks Teaming Deal with Sovereign Strategic for AMV tender

US-based defense industry giant Oshkosh Defense has signed teaming agreements with Malaysian defense company Sovereign Strategic to jointly participate in the upcoming tender ...

French Semiconductor Material Company to Double Production Capacity in Singapore

Soitec, a French company leader in the design and production of innovative semiconductor materials, just broke ground on the construction of its wafer fab extension at ...

Equinix Enters Malaysia with USD 40 million Investment

Equinix, Inc. announced its market entry into Malaysia with plans to build a new data center in Johor. With an initial investment of approximately  USD 40 million, the data ...

Ericsson & DEPA Drive 5G Digital Transformation in Thailand

Swedish multinational networking and telecommunications company Ericsson and the Digital Economy Promotion Agency (DEPA) of Thailand recently signed a Memorandum of ...

Singapore Launches Green Economy Regulatory Initiative to Capture Emerging Opportunities

The Singapore government recently launched a new initiative called Green Economy Regulatory Initiative (GERI), which supports businesses in seizing new green growth ...

US Defense Companies Explore Deals in Vietnam

Reuters has recently reported that several American defense companies have been involved in talks with Vietnamese officials for supplying military gear such as helicopters ...

Two Major Airport Expansions Planned in Thailand

It has been recently announced that in 2023 the government of Thailand will launch tenders for the expansion of the country’s two biggest airports, Suvarnabhumi International ...

Foxconn Kicks Off Building of EV Factory in Thailand

Taiwanese contract manufacturer Foxconn has just commenced the construction of an electric vehicle (EV) plant in Thailand. The project, part of Foxconn's  joint venture with ...

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