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

Digital Economy Could Add USD 169 Billion to Vietnam’s GDP by 2045

On 15 May 2019, CSIRO's Data61, the data and digital specialist arm of Australia’s national science agency, CSIRO (Commonwealth Scientific and Industrial Research ...

Chinese Companies Relocate to Vietnam Opening up Labor Opportunities

The trade tensions between the US and China have prompted multinational companies to transfer their production facilities from China to Vietnam, resulting in a surge in labor ...

Thai Finance Ministry Considering THB 20 Billion Stimulus Package

The Thai Finance Ministry is proposing a stimulus package of about THB 20 billion (USD 635 million) to aid its slumping economic growth. According to the Finance Minister ...

Thai Cabinet Approves Roadmap for Tackling Plastic Waste

By the end of 2019, Thailand will have banned the Manufacturing and use of microbeads, cap seals and oxo-degradable plastics. By 2022, four other single-use plastics will get ...

Thai Airways Seeking Approval for 38 New Aircraft

Thai Airways International (THAI) is looking to propose a THB 156 billion (USD 4.95 billion) procurement plan to buy or lease 38 new planes. The two-phase plan would see THAI ...

State Railway in Thailand to Invest THB 54 Billion in New Trains

The State Railway of Thailand (SRT) is planning to invest THB 54 billion baht (USD 1.71 billion) to purchase additional trains for the upgraded dual-tracks which will be ...

Private Hospitals Association Sues Over State Price Controls

Private hospitals have brought a lawsuit against the Commerce Ministry’s proposal to put healthcare and Medical expenses on a state price control list. The Private Hospital ...

Heavy Competition for Duty Free Auction at Airports of Thailand

Airports of Thailand, a state-owned enterprise which operates six major airports in Thailand, has two open tenders for two contracts; one for the operation of stores at ...

EGAT to Implement New Flexible Power Generation System

The Electricity Generating Authority of Thailand (EGAT), a state-owned enterprise, is looking to develop a flexible power generation system to tackle unstable power generation

CP Group Sets up Joint Automotive Venture with China’s Foton

Thai conglomerate, Charoen Pokphand (CP) Group and China’s Foton Motor Group have created a joint venture (JV) in Thailand, investing THB 500 million (USD 15.87 million) to ...

Blockchain Prototype Developed to Power Interbank Settlements in Thailand

Indian IT company, Wipro and enterprise blockchain software firm, R3, have developed a blockchain or distributed ledger (DLT) based solution that enables the usage of digital ...

Surbana Jurong and Silk Road Launch Infrastructure Fund for South East Asia

Surbana Jurong, a global urban and infrastructure consulting firm headquartered in Singapore and owned by Singapore's sovereign wealth fund Temasek, and Silk Road Fund, a ...

Singapore-Based Program to Study Feasibility of 3D-Printing in Maritime Industry

The Maritime and Port Authority of Singapore (MPA) has initiated a joint industry program to study the feasibility of additive manufacturing (AM), or 3D printing, in the ...

Singapore-based Foodtech Startup Raises USD 10 Million in Series B Round

Singapore-based online food startup, Grain, announced on 10 May that it has raised USD 10 million in a Series B fundraising round, in the form of a mix of equity and venture ...

Singapore Issuing Blockchain-Based Digital Certificates to Graduates

Mr Ong Ye Kung, Singapore's Minister for Education, announced on 3 May that educational institutions in Singapore are going to issue blockchain-based digital certificates to ...

PUB Singapore to Install 300,000 Smart Water Meters by 2023

PUB, Singapore’s National Water Agency, is rolling out the first phase of a Smart Water Meter Program in Singapore, which will see the installation of 300,000 smart water ...

PerkinsElmer Opens New Lab Instrument Manufacturing Facility in Singapore

On 2 May, PerkinsElmer opened its largest manufacturing facility for analytical instrumentation in Singapore at JTC MedTech Hub, a dedicated facility for medical technology ...

Pavilion Energy Performs Singapore’s First Commercial Ship-to-ship LNG Bunkering

Singapore-based LNG ( liquefied natural gas) player, Pavilion Energy announced on 2 May that it has performed the first commercial ship-to-ship LNG bunkering in the Port of ...

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