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

LONGi Signs Agreement as Framework Supplier for Renewable Energy in Singapore and Indonesia

Apr 2023 Indonesia, Singapore, Energy, Environment

During a recent leadership retreat, Indonesia's Coordinating Minister for Maritime Affairs and Investment and Singapore's Senior Minister and Coordinating Minister for ...

Indonesia Enhances Economic Co-operation with Norway and Switzerland

Apr 2023 Indonesia, Economy

The Indonesian and Norwegian governments have agreed to strengthen economic cooperation by focusing on implementing digital trade and addressing Indonesia's halal ...

Maynilad Allocates USD 3.18 Billion for Wastewater Treatment Projects

Apr 2023 Philippines, Environment

Maynilad Water Services, Inc. (MWSI), one of the two utility concessionaires in Metro Manila serving the West Zone, has committed PHP 178 billion (USD 3.18 billion) over the ...

Philippine Government to Build Cold Storage Facilities in Various Fish Ports

Apr 2023 Philippines, Agrifood

President Bongbong Marcos announced that the government plans to build cold storage facilities in several fish ports to lower post-harvest losses, increase the nation's fish ...

Mega Prime Foods Inc. Opens a New World Class Manufacturing Facility in the Philippines

Apr 2023 Philippines, Manufacturing

Showcasing its dedication to creating a food-secure Philippines, the company Mega Prime Foods Inc. (MPFI) formally opened its newest manufacturing plant in the Philippines, ...

Royal Thai Air Force Aims to Spend USD 1.2 Billion on Aircraft Upgrading

Apr 2023 Thailand, Defense/Aerospace

The Royal Thai Air Force (RTAF) has announced its intention to secure a budget of THB 40 billion (USD 1.2 billion) for the 2024 fiscal year, with additional funding required ...

Thailand Approves USD 1.64 billion Investment Projects, Announces Launch of HQ Biz Portal

Apr 2023 Thailand, Economy, Infrastructure

The Thailand Board of Investment (BOI) has granted investment privileges totaling THB 56.6 billion (USD 1.64 billion) to a variety of projects aimed at enhancing the ...

Japanese Renewable Energy Developers Explore the Thai Floating and Rooftop Solar Market

Apr 2023 Thailand, Energy

Shizen International (Thailand), a subsidiary of Japan-based renewable energy developer Shizen Energy Group, has signed a memorandum of understanding (MoU) with Sena Solar ...

Japanese Players Working on Hydrogen/Ammonia Supply Chain in Thailand

Apr 2023 Thailand, Environment

Mitsui O.S.K. Lines (MOL), a Japanese company, has signed a memorandum of understanding (MoU) with the Electricity Generation Authority of Thailand (EGAT), Mitsubishi ...

Singaporean Cybersecurity Company Opens Digital Crime Resistance Center in Thailand

Apr 2023 Thailand, ICT

Group-IB, a global cybersecurity company headquartered in Singapore, has revealed plans to establish a Digital Crime Resistance Center in Thailand. The company has also ...

Thailand to Start USD 1 Billion Expansion of Bangkok’s Don Mueang Airport in 2023

Apr 2023 Thailand, Infrastructure

Airports of Thailand (AOT) has announced its intention to invest $1 billion in expanding the budget traveler terminal at Bangkok's Don Mueang Airport. The expansion project ...

American Company Expands Specialty Materials Capability in Rayong, Thailand

Apr 2023 Thailand, Manufacturing

Momentive Performance Materials, a global leader in high-performance silicones and specialty solutions, has announced a new growth investment - a manufacturing facility in ...

Thai Food Conglomerate CP Group Focuses on Sustainable Corn Sourcing

Apr 2023 Thailand, Agrifood

Thai food conglomerate CP Group's Feed Ingredients Trading Business Group (FIT) and Charoen Pokphand Foods Public Company Limited (CP Foods) have announced the implementation ...

A New Manufacturing Plant to Start Supplying OLED Display for Apple in 2025

Apr 2023 Vietnam, Manufacturing

Chinese display manufacturer BOE is reportedly set to construct a new display module factory in Bac Ninh, Vietnam to meet the rising demand for small and medium-sized OLED ...

Lazada to Invest in Hundreds of Delivery Hubs All Over the Philippines

Apr 2023 Philippines, Retail/FMCG

Lazada, the Southeast Asian e-commerce giant, plans to build “hundreds” of delivery hubs throughout the Philippines in an effort to enhance delivery times and customer ...

VietCycle to Build Plastic Recycling Plant in Vietnam with ALBA

Apr 2023 Vietnam, Environment

VietCycle and ALBA Group Asia have entered into a partnership to construct a plastic recycling facility in Vietnam. The facility can process high-density polyethylene (HDPE) ...

Philippines and Sweden Finalizing Framework for Defense Material Acquisition

Apr 2023 Philippines, Defense/Aerospace

According to a report by the Philippine News Agency, the Philippines and Sweden are set to finalize a framework for defense material acquisition. In a meeting between the ...

Malaysia’s Pengerang Energy Complex Signs Deals Worth USD 102 Billion with Blue Chip Partners

Apr 2023 Malaysia, Energy

Pengerang Energy Complex Sdn Bhd recently signed key agreements with several blue-chip partners for the upcoming Pengerang Energy Complex (PEC) at Pengerang Integrated ...

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