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

Amended Law to Facilitate Taxation of E-Commerce Activities in Vietnam

An amended law for improving taxation on e-commerce activities in Vietnam passed on June 13 will come into effect on July 1, 2020. Successful implementation would require ...

Thailand Launches Net Metering Scheme for Residential PV

In May 2019 Thai metropolitan and provincial electricity authorities commenced a net metering scheme for residential PV installations with a generation capacity of up to 10 ...

Thai Ministry of Digital Economy and Society Launches Government Cloud Service

Thailand's Ministry of Digital Economy and Society (MDES), together with CAT Telecom, kickstarted a new Government Data Center and Cloud Service (GDCC) project, aiming to ...

Thai Board of Investment Targets Relocations from China

The Thai Board of Investment (BoI) announced that it will set up a special task force in order to facilitate investment from Japan and China, as these countries are expected ...

Tesco Lotus and Central Retail Commit to Reduce Plastic Use

On Environment Day, 5 June, Tesco Lotus and Central Group, two of the largest retail chains in Thailand, announced new measures to strengthen their commitment to reducing ...

Motorcycle Production in Thailand Expected to Increase by up to 4% in 2019

A recent report from Krungsri Research estimates that Thai motorcycle production will increase by 2-4% to 2.10-2.15 million units in 2019, thanks to increasing demand coming ...

Mandatory Health Insurance for Long-Stay Foreigners in Thailand

Thai authorities are in the process of preparing guidelines for new rules requiring foreigners aged 50 and above living in Thailand to buy health insurance from July onwards. ...

Korea Aerospace Industries Signs Deal with Thai Air Force

In May 2019, Korea Aerospace Industries (KAI) announced that it was awarded a USD 52 million contract to upgrade the Royal Thai Air Force’s (RTAF) fleet of T-50TH Golden Eagle

Hitachi Launches Vehicle Sharing Service for Thailand’s Logistic Sector

In May 2019 it was announced that Hitachi Asia (Thailand) and Hitachi Transport System Vantec (Thailand) will roll out a vehicle sharing service from June 2019 in Thailand. ...

Fraser and Neave Acquires Starbucks Thailand

Fraser and Neave (F&N), a Singapore-headquartered conglomerate with interests in food and beverage and real estate, bought the Starbucks Thailand coffee chain which has more ...

ST Engineering announces Joint MRO Venture with Vietnam Airlines

The Aerospace division of Singapore Technologies Engineering (ST Engineering) and Vietnam Airlines Engineering Company (VAECO) have incorporated a new joint venture. JVCo, or ...

Soon to Reopen Funan Mall to Use Innovative Retail Technology

Singapore’s Funan Mall, being built on the site of the former IT-focused Funan Digital Life Mall, is set to open ahead of schedule after a three year redevelopment phase. The ...

Singapore Tops Global Economic Competitiveness Ranking

Singapore has been ranked as the world’s most competitive economy for the first time since 2010, in a yearly ranking of 63 countries by the IMD World Competitiveness Centre, ...

Singapore Government to Award ICT Contracts Worth SGD 2.5-2.7 Billion During FY19

During FY19 (April 2019 – March 2020), the Singapore government expects to award ICT contracts worth SGD 2.5 -2.7 billion (USD 1.83 billion - 2.05 billion). Small and Medium ...

NTU and NEA Launch New Waste-to-Energy Research Facility

Nanyang Technological University (NTU) and the National Environment Agency (NEA) of Singapore launched a new research facility that turns waste from the NTU campus into ...

Kimberly-Clark Invests SGD 25 million in Tuas Plant

Signaling its third investment in four years, Kimberly-Clark announced a new investment of SGD 25 million (USD 18.3 million) in its factory in Tuas, Singapore, which aims ...

EMA Announces Energy Partnerships with PSA and Shell

The Energy Market Authority (EMA) of Singapore announced two new EMA partnerships that total a combined USD 12 million. The aim is to support the uptake of new energy storage ...

Center for Healthcare Innovation Launched at Tan Tock Seng Hospital

Singapore's Ministry of Health recently opened the Ng Teng Fong Center for Healthcare Innovation at Tan Tock Seng Hospital (TTSH). The Ng Teng Fong Center is one of the 9 new ...

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