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

Thailand Moving Ahead with THB 880 Billion Infrastructure Projects

The Thai Transport Minister is moving ahead with the mega-Infrastructure investment projects that were commenced by the previous government and are worth a combined THB 880 ...

Thai-EU Free Trade Talks Set to Resume

Thailand and the European Union (EU) are resuming talks for a free-trade agreement (FTA). In July 2019, the Deputy Prime Minister and Commerce Minister of Thailand announced ...

SCG and Ciel & Terre Sign MoU for Floating Solar Projects

In July 2019 SCG Chemicals and French company Ciel & Terre signed a memorandum of understanding (MoU) to develop floating solar system for hydro dams in Thailand.  SCG ...

PTT Global Chemical Set to Produce Recycled Plastic Pellets

In July 2019 it was announced that PTT Global Chemical (PTTGC) is planning to develop a Manufacturing facility for recycled plastic pellets. The plant will be a joint venture ...

P2P Power Model Being Planned for Rural Areas in Thailand

The Energy Ministry of Thailand has revealed plans to promote a peer-to-peer (P2P) power trading model for private companies. The goal is to decentralize the country's power ...

Line to Launch Online Grocery Service in Thailand

Japan-based chat app operator Line has announced that the company will launch an online grocery service in Thailand by the end of 2019. The service, called Line Man Grocery, ...

Bangkok’s First Hospital for Elderly to Open by Late 2019

The first city-run hospital for the elderly is scheduled to open by late 2019 in Bangkok in Bang Khunthian district, aiming at treating the increasing number of old people in ...

AirAsia’s Logistics Platform and Triple I Logistics Sign Mou for Thailand JV

In July 2019, Teleport, the digital cargo and logistics platform of AirAsia, and Triple i Logistics, a logistics integrator with 27 years of experience in the international ...

AI Helps Facebook to Map Nearly 500,000 Km of Thai Roads

In July 2019 it was revealed that Facebook mapped 300,000 miles (487,000 km) of previously unmapped roads in Thailand by using artificial intelligence (AI), making the results

Singapore’s Home Affairs Ministry Setting up New Science and Technology Agency

The Ministry of Home Affairs (MHA) in Singapore introduced the Home Team Science and Technology Agency Bill for first reading in Parliament on 8 July, 2019. MHA plans to ...

Singapore-Headquartered Retail Analytics Firm Raises USD 100 Million

Singapore-headquartered Trax, a provider of computer vision and analytics solutions for retail, announced the successful closure of a USD 100 million Series D investment round

Singapore-Based AgTech Startup to Set up Commercial Insect Protein Facility

Singapore-based agriculture technology startup, Nutrition Technologies, raised a series A funding round in July 2019. The round was led by venture capital (VC) firm, Openspace

Singapore to Invest SGD 400 Million for Upgrading Drains Over Next 2 Years

Singapore's Minister for the Environment and Water Resources, Mr Masagos Zulkifli, announced on 17 July, 2019, that the Singapore government will spend  SGD 400 million (USD ...

Sandbox Express Launched in Singapore for Lower Risk Fintech Activities

On 7 August 2019, the Monetary Authority of Singapore (MAS) launched Sandbox Express to provide financial technology firms with a faster option to test innovative financial ...

Project Proposed to Supply 20% of Singapore’s Energy Needs from Solar Farm in Australia

Sun Cable, a company based out of Singapore and Australia, is proposing to produce approximately a fifth of Singapore's electricity through solar power, sourced from the ...

PPG Industries setting up Aerospace Coatings Application Support Center in Singapore

PPG Industries, a Pittsburg-based manufacturer of paints, coatings, and specialty materials, announced a USD 15 million investment in a new 38,750 square foot (3,600 square ...

Pilot Program in Singapore to Help Technology Companies Bring in Skilled Professionals

On 30 July, 2019, the Economic Development Board (EDB) of Singapore and Enterprise Singapore announced plans to pilot [email protected], a targeted program to help technology companies ...

Contract Awarded for Construction of Influent Pumping Stations at Tuas Water Reclamation Plant

PUB, Singapore's National Water Agency, has appointed Koh Brothers Building & Civil Engineering Contractor (Pte) Ltd and China Harbour (Singapore) Engineering Company ...

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