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 Company to Develop Thailand’s Energy Storage Market

Jan 2023 Thailand, Energy

Fluence Energy, a leading American provider of energy storage products and services and cloud-based software for renewables and storage, and the Electricity Generating ...

Hyundai Signs Aluminum Supply Deal with Indonesia’s Adaro Minerals

Jan 2023 Indonesia, Environment, Manufacturing

In November 2022, Hyundai Motor Company signed a deal with PT Adaro Minerals Indonesia Tbk, to secure a stable supply of aluminum, a key material required for electric ...

Malaysia Secures Top Spot in the Global Islamic Finance Ranking for the10th Year

Jan 2023 Malaysia, Economy

The global Islamic finance industry has total assets worth USD 4 trillion in 2021, which is expected to jump to USD 5.9 trillion by 2026. Malaysia has been the frontrunner ...

Singapore to Launch R&D Cluster for Sustainable Tropical Aquaculture

Jan 2023 Singapore, Agrifood

The Singapore Food Agency (SFA), National University of Singapore (NUS), Temasek Life Sciences Laboratory (TLL), and seven industry partners, including Barramundi Group (BG), ...

Vietnam to Increase Business Ties with South Korea

Jan 2023 Vietnam, Economy

Recently Vietnam’s Minister of Investment has reaffirmed the nation's commitment to strengthening trade ties with South Korea in a number of industries, including finance, ...

Philippines’ DICT Aims to Install Free Wi-Fi in Over 9K Locations

Jan 2023 Philippines, ICT

The Department of Information and Communications Technology (DICT) of the Philippines is targeting to install over 9,000 free Wi-Fi sites nationwide in 2023, under its ...

Apple to Transform Vietnam into One of its New Manufacturing Hubs

Jan 2023 Vietnam, ICT, Manufacturing

Apple is looking to diversify its supply chain outside of China, with Vietnam, India, and Brazil forecasted to make up 30% of Apple supplier’s Foxconn output. Particularly, ...

Japanese Company Brings Digital Elderly Care System to Thailand

Jan 2023 Thailand, Healthcare

The Thai unit of Japanese electronics firm NEC Corporation has recently conducted a proof of concept (POC) trial of a digital system for elderly care in the Southeast Asian ...

Indonesia Enters into Agreements to Speed Up the Shift to Renewable Energy Sources

Jan 2023 Indonesia, Energy

On November 15th 2022, Indonesia signed a USD 20 billion agreement with international financial institutions and major nations to assist the country in increasing its ...

Thailand Grants New Incentives for Investor Retention and Relocation

Jan 2023 Thailand, Economy

Thailand's Board of Investment (BOI) recently revealed new incentive packages, including, for the first time, a set of special privileges to support expansion by ...

Indonesia’s Shrimp Exports to the US Reach USD 1.106 Billion

Jan 2023 Indonesia, Agrifood

Indonesia exported 118 thousand tons of shrimp worth USD 1.106 billion to the US in the first nine months of 2022, as stated by the Maritime Affairs and Fisheries Ministry. ...

Singapore Aims to Become a Leading Innovation Digital Sustainability Hub in Southeast Asia

Jan 2023 Singapore, ICT

Singapore’s Infocomm Media Development Authority (IMDA) is collaborating with Microsoft to improve sustainability outcomes and address climate-related issues for digital ...

NanoMalaysia Inaugurates BICEP to Promote Use of Biomass for Sustainable Agriculture

Jan 2023 Malaysia, Agrifood

In December 2022, Nano Malaysia Berhad (NMB) launched an initiative - Biomass Innovation Circular Economy Program (BICEP). The program is geared towards building sustainable ...

Vietnam to Seek Private Investment to Construct New Airports

Jan 2023 Vietnam, Defense/Aerospace, Infrastructure

The Civil Aviation Authority of Vietnam (CAAV) has proposed a plan to construct nine new airports, including two in the country’s northern mountainous areas and one in a ...

Thai Leading Retailer Lunches Renovation Plans

Jan 2023 Thailand, Retail/FMCG

Thailand's Big C Supercenter recently announced plans to overhaul the image of its stores while strengthening its digital ecosystem to increase sales opportunities and ...

Singapore Launches Cyber Military Branch

Jan 2023 Singapore, Defense/Aerospace

Singapore has recently inaugurated its fourth military branch, the Digital and Intelligence Service (DIS), in an effort to counter digital and capitalize on emerging ...

Kale to Pilot Cargo Community System in Malaysia Airport

Jan 2023 Malaysia, Infrastructure

Kale Logistics Solutions (Kale) and Dagang Berhad, through wholly owned subsidiary Dagang Net Technologies Sdn Bhd, have signed a partnership agreement to introduce the ...

Australian Retailer to Expand in Singapore and Malaysia

Jan 2023 Singapore, Retail/FMCG

Australian retailer Spotlight has announced its plans to expand its presence in Singapore and Malaysia. It just reopened its newly revamped store at Plaza Singapura, located ...

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