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

Reclamation of About 900ha of Land Off Changi Bay Expected to Start by Year End

The Housing and Development Board of Singapore (HDB) announced in July that reclamation works for about 900ha of land off Changi Bay was expected to start by the end of this ...

Pharmaceutical Company WuXi to Open USD 1.4 Billion Production and R&D Centre in Singapore

Chinese Pharmaceutical Company WuXi Biologics has announced that it aims to invest about USD 1.4 billion over the next 10 years to improve research and development plus ...

Johnson & Johnson to Partner with A*Star to Set Up Digital Eye Health Consortium

In July, Johnson & Johnson Vision (JJVision), the eye health unit of Johnson & Johnson MedTech, signed a memorandum of understanding with the Agency for Science, ...

Thailand’s CP Foods to Bet on Alternative Proteins

Thai agro-industrial and food conglomerate CP Foods is investing in alternative protein products. In a recent interview, the company´s Executive Vice President for ...

The Royal Thai Navy to Buy Seven Israeli-Made Hermes 900 Drones

It has been recently announced that the Royal Thai Navy intends to enter into an agreement to procure seven Hermes 900 UAVs from Israeli defense electronics company Elbit ...

Thailand to Offer Land Ownership for Wealthy Foreigners, Expects 1 Million Expats

The government of Thailand announced that it will allow foreigners who invest a minimum of THB 40 million baht (around USD 1 million) to purchase property and land. The ...

Thailand’s Largest Energy Conglomerate Enters LNG Sale and Purchase Agreement with US Company

Corpus Christi Liquefaction (CCL), a subsidiary of the Texas-based Cheniere Energy, has entered into a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) ...

US Company’s Drones to Monitor Largest Hydro-Floating Solar Farms in Thailand

American company Percepto announced the completion of a proof-of-concept with the Electric Generating Authority of Thailand (EGAT) for the monitoring of a 250-acre floating ...

Japanese Company Eyes the Thai Orthopedic Surgery Market

Teijin, a leading Japanese chemical, pharmaceutical and information technology company, has recently revealed that it intends to target Thailand offering technologies for the ...

Thailand Announces USD 37 Billion Smart City Supporting Industrial Hub

Thailand has announced plans to build a smart city in an industrial hub near Bangkok for a total value of USD 37 billion. The initiative is already receiving investment ...

Thailand and the Other Four SEA Countries to Create a Common Contactless QR Payments Zone

The Central Bank of Thailand, together with those of four other Southeast Asian countries, recently announced to have reached an agreement to connect their payment systems by ...

Italian and British Company Partner for Graphene Supply and Innovation in Thailand

British advanced materials' group Haydale and Vittoria, and an Italian manufacturer of performance bicycle tires, entered into an agreement to collaborate on the innovation ...

Starbucks to Add 90 New Coffee Shops in Thailand

Starbucks Thailand has revealed plans for a new expansion strategy, which involves the opening of an additional 30 coffee shops in Thailand every year until 2024, for a total ...

Petronas Partners With Mitsui & Co., Ltd to Create Regional Carbon Capture And Storage Solutions Hub

Malaysia’s national energy company, Petronas has signed a Memorandum of Understanding (MoU) with Mitsui & Co., Ltd., a Japanese project development and trading ...

Malaysia Expands Solar, Biomass, Biogas & Hydro to Achieve 40% Renewable Energy By 2035

Malaysian Energy and Natural Resources Ministry (KeTSA) has targeted Malaysia to be equipped with 40% renewable energy (RE) by 2035. KETSA’s Deputy Minister Datuk Ali Biju ...

Malaysia Aspires to Be Biomass Hub Through Agricommodity Resources

Malaysian Prime Minister Datuk Seri Ismail Sabri Yaakob has announced that Malaysia is aiming to establish itself as a biomass hub, in keeping with the country's status as ...

Malaysia Awarded USD 30.94 Million Worth of Smart Automation Grants To SMEs, MTCs

Malaysian Investment Development Authority (MIDA), the country’s principal investment promotion agency, has approved Smart Automation Grants (SAG) totaling MYR 138.5 million ...

Malaysia, Turkey to Strengthen Cooperation in Defense, Aerospace Technology

Malaysia has signed several memorandums of understanding (MoUs) in various fields including defense with Turkey during the official visit of Malaysian Prime Minister Datuk ...

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