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
Ericsson & DEPA Drive 5G Digital Transformation in Thailand
Swedish multinational networking and telecommunications company Ericsson and the Digital Economy Promotion Agency (DEPA) of Thailand recently signed a Memorandum of ...
Singapore Launches Green Economy Regulatory Initiative to Capture Emerging Opportunities
The Singapore government recently launched a new initiative called Green Economy Regulatory Initiative (GERI), which supports businesses in seizing new green growth ...
US Defense Companies Explore Deals in Vietnam
Reuters has recently reported that several American defense companies have been involved in talks with Vietnamese officials for supplying military gear such as helicopters ...
Two Major Airport Expansions Planned in Thailand
It has been recently announced that in 2023 the government of Thailand will launch tenders for the expansion of the country’s two biggest airports, Suvarnabhumi International ...
Foxconn Kicks Off Building of EV Factory in Thailand
Taiwanese contract manufacturer Foxconn has just commenced the construction of an electric vehicle (EV) plant in Thailand. The project, part of Foxconn's joint venture with ...
Petronas Makes Significant Oil and Gas Discovery Offshore Malaysia
Malaysia’s national upstream company Petronas Carigali has made a significant oil and gas discovery with its Nahara wildcat offshore Sarawak, East Malaysia. The shallow-water ...
Philippine Air Force Inducts First SPYDER Ground-based Air Defense Systems (GBADS)
The Philippine Air Force (PAF) has inducted its first SPYDER-MR (Surface-to-air PYthon and DERby Medium Range ) ground-based air defense systems (GBADS) along with a C295W ...
Technology to Transform Medical Examination and Treatment in Vietnam
Vietnam’s Ministry of Heath has implemented a project to enhance the professional capacity of grassroots healthcare organizations and disseminate the expertise of doctors ...
Government Aims to Change East Coast Region into RV Industry Hub
The Ministry of International Trade and Industry (MITI) and the East Coast Economic Region Development Council (ECERDC) are looking to capitalize on the potential of the ...
GS25 to Receive USD 20 Million from IFC to Enhance Presence in Vietnam
IFC, a member of the World Bank Group, is considering an investment of USD 20 million in GS25, a convenience store chain in Vietnam. IFC visited five stores and a warehouse ...
Singtel Partners with Telkom and Medco Power to Build its First Data Center
Singtel announced plans to construct the first data center in Indonesia in collaboration with Indonesian telco Telkom and energy company Medco Power. The data center will ...
Pertamina, Keppel Infrastructure, and Chevron to Develop Green Projects in Indonesia
Pertamina Power Indonesia, Keppel Infrastructure, through Keppel New Energy, and Chevron Corporation, through Chevron New Energies International (Chevron New Energies), have ...
Indonesia Speeds Up Infrastructure Development for New Capital
Indonesia will speed up the infrastructure construction of its future capital city (IKN) Nusantara to attract more investors. Indonesian President Joko Widodo has ordered his ...
SEA Partners with BTI Defence to Bring Defense Technology to Indonesia
UK defense technology company SEA has announced that it has signed a strategic partnership agreement with Indonesian defense procurement company BTI Defence, to provide the ...
Thailand and Saudi Arabia to Collaborate on Green Energy
Thailand and Saudi Arabia have recently signed several agreements to cooperate in sectors including energy and tourism as the two nations restore full diplomatic ties. ...
Singapore and European Union to Accelerate Digital Partnership
Singapore and the European Union (EU) have agreed to accelerate steps towards a comprehensive and forward-looking Digital Partnership between the two parties. They reaffirmed ...
Harvey Norman Continues Expansion Plans
Australia-based retail chain Harvey Norman is mobilizing its expansion plans for the Malaysian market in 2023 to improve its accessibility to cover a larger segment of ...
Data Centers in Vietnam Witness Strong Investment
Vietnam’s first tech unicorn VNG has established a data center to fulfill the demand of retaining data within the Vietnamese territory, as required by the newly issued ...
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