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
Malaysia Anticipates Economic Recovery in 2024 with Projected GDP Growth of 4.4% to 4.7%
Research firms, including CGS-CIMB, MIDF, and Maybank Investment Bank Research, anticipate a positive trajectory for Malaysia’s economy in 2024. Projections range from ...
ADB and ACEN Sign PHP 5.5 Billion Loan for Solar Energy Expansion in the Philippines
The Asian Development Bank (ADB) and ACEN Corporation have signed a sustainability-linked loan of up to PHP 5.5 billion (USD 100 million) to boost solar energy capacity in ...
Climate Change Endangers Closure of Philippine Hospitals
Hundreds of hospitals in the Philippines could face partial or total shutdown from extreme weather events caused by climate change by the end of the century if fossil fuels ...
Korea’s Innovative Shopping Platform Launches in Thailand
Pocket PangPang, Korea’s single-price mobile shopping platform, officially began its service in Thailand in December 2023.
Pocket PangPang is a new kind of mobile ...
Honda Commences Passenger EVs Production in Thailand
Japanese automaker Honda Motor has started producing its electric vehicles (EVs) in Thailand and will begin selling them in the Southeast Asian country in the first quarter ...
Thailand Seeks USD 28 Million Investment for Land Bridge
Thailand is seeking USD 28 billion in investment to build what it calls a “land bridge” across the narrow southern part of the country. The Southeast Asian nation intends to ...
US Company Provides Data Center Interconnect Solution in Thailand
Ribbon Communications, an American provider of real-time communications technology and IP optical networking solutions, recently announced that it is providing Interlink ...
Swedish Cancer Care Company Opens Office in Thailand
Elekta, a global Swedish company that develops and produces radiation therapy and radiosurgery-related equipment and clinical management for the treatment of cancer and brain ...
Canadian Solar Commences PV Wafer Production in Thailand
Canadian Solar, headquartered in Guelph, Ontario, recently announced that it is establishing a 5 GW solar photovoltaic (PV) wafer production facility in Chonburi, Thailand. ...
Battery Maker Svolt Energy Inaugurates Production Line in Thailand
Battery maker Svolt Energy just inaugurated its first battery pack production line at its Thailand plant. The pack is Svolt Energy’s LCTP battery pack with a capacity ...
Japanese Automakers Propels Thailand’s EV Sector Investing USD 4.3 Billion
Reuters has recently reported that leading auto manufacturers from Japan have plans to invest THB 150 billion (USD 4.34 billion) in Thailand over the next five years, ...
Thai Aerospace Industries Partners with Satellite Company for Connectivity Services
Thai Aerospace Industries (TAI), an aerospace and aviation services company headquartered in Bangkok, is partnering with Rivada Space Networks to bring highly reliable and ...
Sun Valley Launches Korean-style Snacks in Thailand
Sun Valley, a leading exporter of ready-to-cook chicken products in Thailand part of Cargill, recently launched two new offerings to the market under the concept of “Snack ...
Malaysia and Japan to Promote Bilateral Defense and Maritime Security Cooperation
Malaysia’s Prime Minister, Anwar Ibrahim, and Japan’s Prime Minister, Fumio Kishida, have reached an agreement for bilateral defense and maritime security ...
Bioalpha to Develop Innovative Langkawi Agro Park with USD 3.18 Million Investment
Bioalpha Wellness Sdn Bhd, a fully-owned subsidiary of Bioalpha Holdings Bhd, is gearing up for the development of an 8-acre agro park with a budget of MYR 15 million (USD ...
Vietnam and Denmark Collaborate for Sustainable Agriculture Development
In November 2023, a sustainable agriculture and food delegation from Denmark visited Ho Chi Minh City to share experiences with local partners and businesses seeking ...
Vietjet Air to Team with SAF One to Promote Sustainable Fuels in Vietnam
In November 2023, Vietnam’s low-cost carrier Vietjet Air and aviation solution provider SAF One inked a memorandum of understanding (MoU) to partner on the provision of ...
US Chipmaker Nvidia to Set R&D Base in Vietnam
Nvidia confirmed intentions to deepen collaboration with high-tech companies in Vietnam, with a focus on fostering local expertise in artificial intelligence (AI) and digital ...
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