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

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 ...

EV Specialist GAC Aion Enters Thailand with Plans for Local Production

Jul 2023 Thailand, Manufacturing

Electric vehicle (EV) specialist GAC Aion has recently signed a memorandum of cooperation with a Thai dealer to officially enter the Thai market, initiating the brand’s ...

Bangkok Set to Reinforce its Role as Luxury Hub

Jul 2023 Thailand, Retail/FMCG

Shopping centers are expanding strongly in Bangkok, with the Thai capital aiming at reinforcing its role as Southeast Asia’s luxury hub. Importantly, Bangkok will inaugurate ...

CP Foods Launches Thailand’s Historic First Export of Cooked Duck Meat to Australia

Jul 2023 Thailand, Agrifood

Charoen Pokphand Foods Public Company Limited (CP Foods) has emerged as the first company in Thailand to send cooked duck meat to Australia. The company plans to export ...

US Energy Specialist Partners with Thai Company for World’s Largest Battery Factory in Thailand

Jul 2023 Thailand, Energy

American company Rondo Energy just announced that it will partner with Thailand’s Siam Cement Group (SCG) to expand the production capacity of Rondo Heat Battery storage at ...

Networking Equipment Specialist Inaugurates Regional Manufacturing and Distribution Facility in the Philippines

Jun 2023 Philippines, Manufacturing

Sercomm Philippines, a manufacturer of networking equipment, has recently increased its production capacity by opening a PHP 2.5 billion (USD 45 million) factory Laguna, ...

Philippines Expands Investment in Key Agricultural and Fisheries Projects

Jun 2023 Philippines, Agrifood

The Senior Undersecretary of the Philippines Department of Agriculture recently highlighted how the Marcos Administration is determined to provide more assistance to the ...

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