Business News

Business news to help you keep track of the latest developments and identify new opportunities across key sectors in South East Asia

Monthly Business News to Help You Understand the Market

Study Finds Thai Healthcare System to be the Sixth Best in the World

Thailand has been ranked at the country with the sixth-best healthcare system in the world in a study elaborated by the American magazine CEOWORLD. According to CEOWORLD, the ...

PTT Partners with Swiss Nonprofit on Blockchain-based Renewables Platform

Thailand’s state-owned Energy company, PTT, and global Energy blockchain nonprofit, Energy Web Foundation (EWF) agreed on a partnership in September 2019, aimed at creating a ...

Pomelo Plans Store Expansion in Thailand and Singapore

Pomelo, a Thai fashion-tech brand, has revealed plans to launch additional partner stores. The brand recently secured USD 52 million from investors that include Central Group,

Japanese Agency Helping to Implement E-Waste Recycling Plant in Thailand

Thailand's  Department of Industrial Works (DIW) has signed a memorandum of understanding (MOU) with New Energy Development Organization and Industrial Technology Japan (NEDO)

GMR and AirAsia to Bid for Thai Airport

GMR Infra, an Indian Infrastructure company, has tied up with low-fare carrier Thai AirAsia in an effort to bid for the USD 2 billion expansion project of the U-Tapao airport ...

EGAT and Daikin Ink MoU on Energy Consultancy 2019

Siam Daikin Sales, the Thai company which manufactures Daikin air conditioners, has signed a Memorandum of Understanding (MoU) with EGAT in order to participate as Energy ...

Central Group-JD.com Joint Venture Brings eKYC Technology to Thailand

In September 2019 the Dolfin Intelligent Platform was launched by Central JD Fintech Holding, a joint venture company owned by JD Digits, and Central Group, the largest ...

BMW Commences Battery Pack Production in Thailand

German carmaker, BMW, launched production of battery module and battery pack in Thailand in September 2019. The activity is undertaken in partnership with the DRÄXLMAIER ...

Smart and Green Poultry Factory Being Set up in Singapore

Singapore Poultry Hub Pte Ltd (SPH) is setting up the first smart and green factory for the poultry industry in Singapore. Singapore Poultry Hub is a joint venture among five ...

Singapore’s Aviation Authority Announces Research Collaborations with Thales and SITAONAIR

On 27 September 2019, the Civil Aviation Authority of Singapore (CAAS) and SITAONAIR signed a Memorandum of Understanding (MOU) to explore the deployment of space-based Very ...

Singapore Tops World Economic Forum’s 2019 Global Competitiveness Index

Singapore achieved the top rank in the World Economic Forum's Global Competitiveness Index for 2019. In the 2018 index, it was ranked in the second place behind the US, among ...

Singapore to Introduce Labeling Requirements for Sugar Sweetened Beverages

The Ministry of Health (MOH) of Singapore announced on 10 October that it will introduce mandatory front-of-pack nutrition labels for less healthy pre-packaged sugar sweetened

Singapore Aims to Reduce Waste Sent to Landfill by 30% by 2030

Singapore launched its inaugural Zero Waste Masterplan in late August 2019, aiming to reduce the amount of waste that Singapore sends to its landfill on Semakau island by 30% ...

Singapore Aiming to Roll Out Four 5G Networks

The Singapore government is planning to roll out four 5G networks in the city state, including two full-fledged networks and two smaller networks based on existing 4G ...

Rooftop Solar Continues to Expand in Singapore

Rooftop solar energy generation continues to grow in Singapore, with leading local solar energy system developer, owner and operator, Sunseap winning a contract in October ...

Infrastructure Asia Forms Partnerships with Multilateral Banks and Governments

At the inaugural Asia Infrastructure Forum (AIF) in Singapore on 2 October, Infrastructure Asia (IA) entered into five partnerships to deepen collaborations with multilateral ...

German Bioabsorable Implant Maker Opens Manufacturing Facility in Singapore

German manufacturer of bioabsorbable orthopedic metal implants, Syntellix, inaugurated a production site in Singapore’s Tuas Biomedical Park on 10 September 2019. ...

Dedicated Data Channel Opened between Singapore and Chonqing, China

The China-Singapore (Chongqing) International Data Channel (IDC) was launched on 11 September 2019, providing a dedicated 260Gbps data channel between Singapore and Chongqing ...

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