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
US Building Materials Specialist Opens Manufacturing Plant in Thailand
HYDRO-BLOK, an American manufacturer of foam-based waterproofing shower systems and building panels, has announced the opening of its new factory in Bangkok, Thailand, to ...
The US to Ramp Up the Philippines’ Military Capabilities
The US has agreed to ramp up the Philippines’ military capabilities over the next five to ten years as part of a “security sector assistance roadmap” that will see the ...
PLDT Forges a Partnership with Toyota for Smart Cars in the Philippines
The Philippines' largest automotive company Toyota Motor Philippines (TMP), and the country’s largest fully integrated telco PLDT recently announced a partnership that will ...
Thailand’s PPT Group to Invest USD 7 Billion in Green Hydrogen Production
Thailand’s state-owned oil and gas company PTT Group has just announced plans to invest USD 7 billion in green hydrogen production. This will be done in partnership with ...
Thailand Uses Eye and Facial Recognition Technology to Enhance Access to Healthcare Services
A new project in Thailand will involve eye and facial recognition technology being used with the aim of enhancing healthcare services for foreign workers, refugees, and ...
Thailand to Build Cruise Terminal to Meet Increase in Marine Tourism
Thailand’s Marine Department has announced plans to revive the Cruise Terminal Development Project to meet the increase in marine tourism. The department has agreed to ...
Thailand Promotes Investment in Eastern Economic Corridor
Thailand is aiming to support an annual 5% gross domestic product (GDP) growth with a plan to generate THB 2.2 trillion THB (USD 64.9 billion) investment into five targeted ...
Techcombank and Personetics to Introduce a New Financial Solution in Vietnam
Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has partnered with Personetics, which provides financial data-driven personalization and customer ...
Envirotech to Build EVs in the Philippines
California-based Envirotech Vehicles Inc. (EVT) is investing USD 80 million to build a production plant in Clark Freeport Zone as it bets on the EV market’s growth potential ...
The Philippines Approves Two New Ecozones In Batangas and Bacolod
The Philippine Economic Zone Authority (PEZA) announced that President Ferdinand R. Marcos Jr. has declared two new economic zones located in Batangas province and Bacolod ...
PH-UK Renew Partnership On Climate, Nature Agenda
The Philippines, through the Department of Environment and Natural Resources (DENR), renewed its partnership with the United Kingdom on climate and environment during the 3rd ...
More Dermatology Training Institutions Needed Outside Metro Manila
According to the Philippine Dermatological Society (PDS), more training institutions in dermatology are needed outside the Philippine capital to meet the skin health concerns ...
Proposed USD 1.7 billion Upgrade for the Ninoy Aquino International Airport
A consortium composed of six Filipino conglomerates and Global Infrastructure Partners (GIP), a US-based investment fund manager, has established the Manila International ...
Investments Pouring in for Vietnamese Shrimp Tech Business
Aqua-Spark, a global aquaculture investment fund based in the Netherlands, AgFunder, a global agrifood tech venture capital firm, and Son Tech Investment, a Vietnam-focused ...
Insurance Company EastWest Ageas Targets Low-Income Clients in the Philippines
Local insurance firm EastWest Ageas Insurance President and Chief Executive Officer (CEO) Sjoerd Smeets said that with the lower level of financial literacy in the country ...
Philippines Projected to Increase Chicken and Beef Production and Imports in 2023
The Philippines is projected to increase chicken and beef production and imports in 2023 due to rising demand. However, pork output and shipments are expected to decline due ...
DocMed and Hoang Duc to Accelerate Digitalization of Vietnam’s Pharmaceutical Supply Chain
Hyphens Pharma International’s 1J5 DocMed Technology has partnered with the equity owners of Hoang Duc Pharmaceutical & Medical Supplies to establish a 51:49 joint ...
German and French Specialists Collaborate for A350 Nose Landing Gear MRO in Thailand
German aerospace equipment manufacturing company Liebherr-Aerospace and Thailand-based REVIMA Landing Gear Services Asia Pacific have announced an expanded collaboration ...
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