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

Thailand Collaborates with South Korea for the Construction of a Spaceport

Mar 2023 Thailand, Defense/Aerospace

South Korea and Thailand have agreed to collaborate on a project involving the construction of a spaceport in the Southeast Asian country. The Yonhap news agency revealed ...

Indonesia Launches National Strategy on Agriculture Digitalization

Mar 2023 Indonesia, Agrifood

FAO, in collaboration with the Ministry of Agriculture (MoA)’s Data and IT Center (Pusdatin), launched an agricultural digitization strategy in Indonesia. The national ...

Malaysian Insect Producer First from Southeast Asia to Access EU and UK Markets

Mar 2023 Malaysia, Agrifood

Nutrition Technologies, a manufacturer and supplier of sustainable animal feed ingredients and biofertilizers, has been granted permission by Malaysia's Ministry of ...

Mangata Networks Announces New Maritime Headquarters and Infrastructure R&D Centre in Singapore

Mar 2023 Singapore, ICT, Infrastructure

Mangata Networks, an innovative satellite-enabled network and edge cloud computing services company, has established Singapore as the location for its Maritime Global ...

Continued Infrastructure Development Momentum in Mindanao

Mar 2023 Philippines, Infrastructure

The Department of Public Works and Highways (DPWH) is intensifying infrastructure development in Mindanao. Phase 1 of 'Improving Growth Corridors in Mindanao Road Sector ...

Vietnam Strengthens Partnership in Cancer Research with Belgium

Mar 2023 Vietnam, Healthcare

A seminar on life science and health in Vietnam was co-hosted by the Belgian Vietnamese Alliance (BVA) and IBA, a leading Belgian company in particle accelerator technology ...

Kubota Betting on the Thai Smart Farming Market

Mar 2023 Thailand, Agrifood

Japanese tractor manufacturer Kubota has recently made the headlines for having developed an app designed for the Southeast Asian market that allows the monitoring of smart ...

Indonesian Air Force Receives First C-130J-30 Super Hercules Delivery

Mar 2023 Indonesia, Defense/Aerospace

The Indonesian Air Force (IDAF) received the first of five C-130J-30 Super Hercules tactical airlifters from Lockheed Martin, ushering in a new era of Hercules operations for ...

Oliver Healthcare Packaging to Establish its Largest Regional Facility in Malaysia

Mar 2023 Malaysia, Healthcare

Oliver Healthcare Packaging, a global US-headquartered healthcare firm, announced plans to establish a new 122,000-square-foot manufacturing facility in the state of Johor in ...

Singapore to Enhance Electricity Grid to Meet Growing Demand and Support Renewable Energy Use

Mar 2023 Singapore, Energy

Singapore is aiming to improve its electrical grid to not only facilitate its transition towards more environmentally-friendly energy but also to meet the growing demand ...

Philippine DoE, UK Exploring Offshore Wind Collaboration

Mar 2023 Philippines, Energy

The Philippines and the UK are currently exploring offshore wind collaboration. As part of the collaboration, on February 13-17, 2023, the UK Government’s Department for ...

Vietnam Advances Its Space Exploration Industry

Mar 2023 Vietnam, Defense/Aerospace

Since 2007, Vietnam has been producing small satellites and has made significant progress in this field, despite being a newcomer to the space race. The country has ...

Thailand’s Cyber Elite Announces Partnership with Zscaler

Mar 2023 Thailand, ICT

Cyber Elite, a cybersecurity firm based in Bangkok, Thailand, has announced a partnership with Zscaler, a US-based cloud security provider. The aim of the collaboration is to ...

Snack Manufacturer Lotte Increases Choco Pie Snacks Production in Indonesia

Mar 2023 Indonesia, Manufacturing

Lotte plans to build a new facility within its existing factory in Indonesia, which is expected to increase the production capacity of its flagship snack, Choco Pie, to JPY ...

Singapore Retailers Venture into Malaysia

Mar 2023 Malaysia, Retail/FMCG

Singapore-based fashion omnichannel platform Sift & Pick has entered Malaysia’s retail scene by opening its first brick-and-mortar location. In February 2023, the company ...

Yamaha Motor Announces Robotics Business in Singapore

Mar 2023 Singapore, ICT, Manufacturing

Yamaha Motor Co., Ltd. has announced that it has established a new company in Singapore to expand its business in Southeast Asia and India, where demand for robots is ...

PH Government Allocates USD 365 Million for Integrated Flood Resilience Project

Mar 2023 Philippines, Environment

In February 2023, the Philippine government announced allocating PHP 20 billion (USD 365 million) for the first phase of the Integrated Flood Resilience and Adaptation ...

Huyndai Opens New Factory in Vietnam

Mar 2023 Vietnam, Manufacturing

A new factory has been opened in northern Vietnam by a joint venture between South Korean’s Hyundai Motor and the Vietnamese conglomerate Thanh Cong Group as it seeks to ...

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