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
South Korean Cosmetic Company Expands Thai Plant to Triple Output by 2026
South Korean cosmetics company Cosmax has begun constructing a new production facility for its Thai subsidiary in Bang Phli, Thailand, with an investment of approximately USD ...
New Food Technology Center Launched in Thailand
CPRAM, a prominent Thai company in the ready-to-eat food sector, has launched the first phase of its Food Technology Exchange Center (FTEC), supported by an initial ...
Investment to Thailand Surges in Q1 2025, Thanks to the Digital and Electronics Sectors
Thailand’s Board of Investment (BOI) reported a notable rise in investment activity during the first quarter of 2025, with applications totaling approximately USD 11.8 ...
Solar-powered Smart Pier Launched in Thailand to Advance Sustainable Mobility
Thailand’s Ministry of Transport officially opened the Rama VII Smart Pier, a solar-powered facility located in Bang Kruai District, Nonthaburi. The pier is part of a ...
Novo Nordisk’s Obesity Drug Launched in Thailand
Novo Nordisk has introduced its weight-loss drug Wegovy in Thailand, marking the medication’s first launch in Southeast Asia. First released in 2021, Wegovy significantly ...
South Korea’s KT Corp Develops Thai Large Language Model
South Korea’s KT Corp., in partnership with Thai IT firm Jasmine Technology Solution (JTS), has developed a large language model (LLM) platform specifically designed for the ...
Thailand Approves a USD 3.2 Billion Investment for a Commuter Rail Project
Thailand’s Board of Investment has approved a commuter rail project valued at approximately USD 3.2 billion. The initiative aims to improve connectivity between central ...
Swiss Company’s Sustainable Carton Bottle for On-the-Go Beverages Launches in Thailand
Thai manufacturer Ampol Food has introduced its V-FIT rice-based nutritional drink in Thailand using the DomeMini carton bottle developed by Swiss company SIG. This marks the ...
Thailand Launches AI Police Robot with Facial Recognition
The Royal Thai Police (RTP) has introduced the country’s first artificial intelligence (AI) police robot, deployed in Nakhon Pathom province during the Songkran festival. The ...
Thailand’s Largest Private Power Producer Invests in Telecom and AI for Renewable Expansion
Gulf Energy, Thailand’s largest private power producer, is advancing its transition toward renewable energy by expanding its activities in telecommunications and digital ...
Shell Exits Singapore Refining as Chandra Asri, Glencore Take Over
In April 2025, Shell finalized the sale of its Singapore refining and petrochemical assets to a joint venture between Indonesia’s Chandra Asri and Switzerland’s ...
Singapore Navy Successfully Tests Aster Missile Amid Major Frigate Upgrades
In April 2025, the Republic of Singapore Navy (RSN) successfully conducted a live-fire test of an Aster 15 surface-to-air missile from its lead Formidable-class frigate, RSS ...
US Tariffs Challenge Singapore’s Trade, Finance, and Manufacturing
In April 2025, the United States (US) imposed a 10% tariff on nearly all imports, including those from Singapore, under the International Emergency Economic Powers Act. ...
Cargill Unveils Transformed Innovation Center in Singapore
Cargill unveiled its transformed Innovation Center in Singapore on April 10, 2025, marking a significant milestone in advancing food innovation for Asia. Supported by the ...
Sembcorp to Build Singapore’s Largest Floating Solar Farm for Meta
In April 2025, Sembcorp Industries announced a 25-year Renewable Energy Purchase Agreement (REPA) between its wholly owned subsidiary, Sembcorp Solar Singapore Pte Ltd, and ...
Temasek Trust and LKSF Fund Singapore’s First Histotripsy Cancer Trials
The Li Ka Shing Foundation (LKSF) and Temasek Trust have jointly committed SGD 9 million (about USD 6.7 million) to support the acquisition of advanced medical systems and ...
SGTech Launches TechConnect Asia to Boost Global-Tech Ties
SGTech, Singapore’s leading technology trade association, launched TechConnect Asia, an initiative designed to bridge global technology firms with Singapore’s ...
DHL Unveils USD 11.2 Million Pharma Hub in Singapore
DHL Supply Chain has launched a new EUR 10 million (USD 11.2 million) Pharma Hub in Singapore, marking a significant expansion of its life sciences and healthcare (LSHC) ...
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