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
Vietnamese Companies Set Packaging Recycling Goal
PRO Vietnam, a coalition of large companies from the consumer goods, packaging, retail, and import sectors, has committed to recycling 64,000 tons of packaging materials in ...
Germany’s PNE AG Seeks Partners for USD 4.6 Billion Offshore Wind Project in Vietnam
PNE AG, a Germany-based leader in wind energy development, is actively seeking sustainable partners for the USD 4.6 billion Hon Trau offshore wind power project, located in ...
Vietnam and UAE Strengthen Economic Ties with CEPA Agreement
Vietnam and the UAE have signed a Comprehensive Economic Partnership Agreement (CEPA) during Prime Minister Pham Minh Chinh’s state visit to the UAE, marking a milestone in ...
Vietjet and Franco-American Aircraft Engine Manufacturer Enter USD 8 Billion Agreement
Vietjet and CFM International, the Franco-American aircraft engine manufacturer, have reaffirmed their partnership with a commitment to supply over 400 LEAP-1B engines and ...
Malaysia’s Water Sector Transformation 2040 Agenda to Boost GDP
Malaysia’s Minister of Energy Transition and Water Transformation has launched the Water Sector Transformation 2040 (WST 2040) agenda, which is expected to ...
Aboitiz Foods Opens USD 45 Million Feed Mill in Vietnam
Aboitiz Foods, the Philippines-based integrated food and agribusiness firm, has officially launched its most advanced feed mill in Long An province, Vietnam. With an ...
LBS Bina Ventures into Renewable Energy with USD 22 Million Solar Project
A consortium led by Malaysian property developer LBS Bina Group has awarded an MYR 104 million (USD 22 million) Engineering, Procurement, Construction, and Commissioning ...
World Bank Revises Malaysia’s 2024 Growth Forecast Upward to 4.9%
The World Bank has raised its projection for Malaysia’s economic growth in 2024 to 4.9%, an increase of 0.6 percentage points from its earlier forecast of 4.3% in April ...
Malaysia’s Budget 2025 Focuses on Enhancing Maritime Security Infrastructure
The Malaysian government has allocated MYR 675 million (USD 143 million) in Budget 2025 to strengthen its maritime security capabilities. This funding will be used to procure ...
ThaiBev Embarks on Major Investment in AgriValley Malaysia for Halal Product Expansion
Thai Beverage (ThaiBev), a Thai-Singapore food and beverage company, is making a strategic investment of THB 9.5 billion (USD 263 million) in the AgriValley Malaysia project. ...
Chick-fil-A to Enter Asia in 2025 with First Restaurant in Singapore
Chick-fil-A, Inc., the third-largest quick-service restaurant chain in the United States by sales, has announced plans to open its first restaurant in Singapore in late 2025, ...
KLA Expands Operations in Singapore with New Manufacturing Facility
KLA, a global leader in semiconductor equipment and services, has completed the first phase of its USD 200 million expansion in Singapore, unveiling a state-of-the-art ...
PSA Breaks Ground on Advanced Supply Chain Hub at Tuas
PSA Singapore has launched the construction of the PSA Supply Chain Hub @ Tuas (PSCH), a two million-square-foot facility designed to transform logistics and supply chain ...
OpenAI Establishes New Regional Hub in Singapore
OpenAI, known for its development of generative artificial intelligence technologies like ChatGPT, is set to open its second Asian office in Singapore in late 2024. This new ...
Singapore Advances AI and Genomics in Public Healthcare
The Singapore Government has announced an SGD 200 million (USD 149 million) investment over five years to enhance the use of artificial intelligence (AI) tools and genomics ...
EMA Launches Grant Call to Explore Carbon Capture and Storage in the Power Sector
The Energy Market Authority (EMA) has initiated a Grant Call to support feasibility studies for carbon capture and storage (CCS) in Singapore’s power sector. Targeting ...
Singapore Seeks Proposals on Regulatory Sandbox for Virtual Power Plants
Singapore is advancing its efforts to harness distributed energy resources (DERs) through a Consultation Paper and Call for Regulatory Sandbox Proposals, launched by the ...
Singapore’s M&A Market Sees Significant Growth in 2024
Singapore’s position as a regional hub for mergers and acquisitions (M&As) continues to strengthen, with deal values surging in 2024. According to data from the ...
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