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
Thai Company Partners with American Specialist for ‘Never Frozen Fish’
Aqquua, Thailand's leading producer of farmed grouper, has announced a new partnership with American company EverCase, a specialist offering cold-chain solutions for ...
FinVolution Forms Alliance with Indonesia’s PermataBank
Chinese fintech company FinVolution, through its Indonesian subsidiary AdaKami, has signed an agreement with PT Bank Permata (PermataBank). The partnership aims to promote ...
Intel to Expand In Malaysia, Spend USD 15.8 Billion Over 10 Years
The largest semiconductor manufacturer in the world, Intel Corporation (Intel Corp), has committed to investing USD 15.8 billion (MYR 70 billion) in Malaysia over a ten-year ...
Southeast Asia’s Largest Energy Storage Facility Launched in Singapore
Sembcorp Industries (Sembcorp) and Singapore's Energy Market Authority (EMA) have officially opened the Sembcorp Energy Storage System (ESS). The Sembcorp ESS is Southeast ...
DP World Eyes Setting Up an Industrial Park in the Philippines
Dubai-based logistics firm DP World has expressed interest to establish an industrial park in the Philippines. This development occurred during the meeting between Philippine ...
European Businesses Relocating Operations from China to Vietnam
According to a recent survey conducted by the European Chamber of Commerce in Vietnam (EuroCham), 41% of respondents stated that their company was moving operations from ...
New POS System Launched by BJC for the Traditional Retail Sector in Thailand
Berli Jucker Public Company Limited (BJC), the Thai conglomerate and owner of Big C Supercenter, has launched a POS system to help Thai traditional stores (or so-called “Sho ...
Indonesia’s Bio Farma Acts to Strengthen Healthcare Ecosystem
Merck and Indonesia’s state-owned pharmaceutical holding company PT Bio Farma have entered a licensing agreement for the state-owned drug manufacturer to produce the MSD ...
SEA Ltd to Increase Investments, Open Cloud Computing Centre and Warehouse in Malaysia
SEA Limited (SEA Ltd), a Singapore-based e-commerce giant and the parent company of Shopee, the largest pan-regional e-commerce platform in Southeast Asia and Taiwan, has ...
Singapore’s Tech Industry to Push Digital Trust, Talent, and Sustainability
SGTech, a trade association for the tech industry, has proposed nine recommendations to the Ministry of Finance to develop digital trust capabilities, provide skill-based ...
Accelerated Climate Change Agenda Added in PDP 2023-2028
An entire chapter on climate change was recently added to the Philippine Development Plan (PDP) 2023-2028, entitled “Chapter 15: Accelerate Climate Action and Strengthen ...
Thailand Launches Tax Incentives for Biodegradable Plastic
The Ministries of Industry and Finance have joined forces to launch a new program of tax incentives designed to encourage businesses to reduce their use of non-biodegradable ...
OWJJ Awarded Contract for the First Large-Scale Wastewater Treatment Plant
Obayashi Corporation, PT. Wijaya Karya, JFE Engineering Corporation and PT. Jaya Konstruksi Manggala Pratama, have formed a joint venture company OWJJ JV, which has been ...
Vietnam´s Aviation Authority Proposes Fleet Size Expansion
Vietnam´s Ministry of Transport has been advised by the Civil Aviation Authority of Vietnam (CAAV) to let airlines expand their fleets in order to meet domestic demand and ...
Contracts Worth RM8 Billion Expected to be Signed at Lima 2023
At the Langkawi International Maritime and Aerospace Exhibition 2023 (Lima'23), Defense Minister Datuk Seri Mohamad Hasan expects more than MYR 8 billion (USD 1.8 billion) ...
NEA Refreshes Singapore’s Environment Services Industry Plan
Singapore launched the Environmental Services Industry Transformation Map (ES ITM) 2025 in January 2023, which aims to improve productivity and raise standards in the ...
Philippine Government Pushing for Defense Modernization
In 2023, the Philippine government allocated a total of PHP 45 billion (USD 814.5 million) for the Armed Forces of the Philippines Modernization Program (AFPMP), which is PHP ...
Starbucks Plans to Reach 100 Stores in Vietnam
After ten years in Vietnam, Starbucks expects to open its 100th location there in the second quarter of 2023 and continue to expand in the foreseeable future.
The US ...
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