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

Isetan to Close NEX Store in April 2026, Leaving Orchard Road Flagship as Singapore’s Sole Outlet

Jan 2026 Singapore, Retail/FMCG

Japanese department store Isetan has announced it will close its NEX outlet in Singapore’s northeastern heartland in April 2026, leaving its Orchard Road flagship store as ...

JTC’s Next-Generation Industrial Estate Signals Singapore’s Push to Lead in Advanced Manufacturing

Jan 2026 Singapore, Manufacturing

Singapore’s industrial development agency JTC Corporation is accelerating the transformation of the nation’s industrial landscape by developing next-generation industrial ...

NetActuate Expands Singapore Infrastructure to Support Rising Digital Demand across Southeast Asia

Jan 2026 Singapore, Infrastructure

Global network and infrastructure provider NetActuate has announced enhancements to its Singapore infrastructure to support rising demand for digital services and ...

KKR and Singtel Move to Take Full Control of ST Telemedia Global Data Centres in USD 3.9 Billion Deal

Jan 2026 Singapore, ICT

Global investment firm KKR and Singapore Telecommunications are reported to be in advanced negotiations to acquire more than 80% of ST Telemedia Global Data Centres (STT ...

Singapore and the UK Launch Regulatory Innovation Corridor for Health Technologies

Jan 2026 Singapore, Healthcare

Singapore has launched a Regulatory Innovation Corridor with the United Kingdom to help speed up patient access to breakthrough health technologies, strengthening its ...

Singapore Studies Sixth Desalination Plant to Strengthen Long-Term Water Security

Jan 2026 Singapore, Environment

Singapore’s national water agency PUB has launched a feasibility study into the potential construction of a sixth desalination plant to enhance long-term water ...

MR. D.I.Y Indonesia Celebrates 1,200th Store Opening

Jan 2026 Indonesia, Retail/FMCG

MR. D.I.Y Indonesia, the local arm of the Malaysia-based home improvement retailer, has marked a significant expansion milestone with the opening of its 1,200th store in ...

Singapore Steps Up Agri-Food Innovation to Strengthen Food Security and Sustainable Local Production

Jan 2026 Singapore, Agrifood

Singapore is stepping up efforts to strengthen its food security and sustainability by investing USD 31 million (SGD 40.5 million) into agri-food research and innovation ...

Singapore Selects Hermes 900 Drones to Modernise Surveillance and Replace Ageing UAV Fleet

Jan 2026 Singapore, Defense/Aerospace

The Republic of Singapore Air Force (RSAF) has announced plans to upgrade its unmanned aerial vehicle (UAV) fleet by introducing Elbit Systems’ Hermes 900 drones to replace ...

Singapore’s Economy Grows 4.8% in 2025, Beating Expectations on Strong Manufacturing Performance

Jan 2026 Singapore, Economy

Singapore’s economy expanded by 4.8% in 2025, significantly exceeding earlier forecasts, according to preliminary government data released by the Ministry of Trade and ...

Singapore Launches Green-Energy Data Centre Testbed

Jan 2026 Singapore, Energy

Singapore is accelerating its efforts to transform Jurong Island, traditionally the hub of its energy and chemicals industry, into a centre for low-carbon innovation and ...

Thai Supermarket Chain Launches AI Chatbot for Real Time Stock Checking

Jan 2026 Thailand, ICT, Retail/FMCG

TOPS, the food business under Central Retail, has launched a new AI chatbot developed in collaboration with Google Cloud. The system, based on Google Cloud’s Conversational ...

BASF Expands Alkyl Polyglucosides Production in Thailand

Jan 2026 Thailand, Manufacturing

Germany company BASF announced the expansion of its Alkyl Polyglucosides (APGs) production in Asia with a new plant at the Bangpakong site in Thailand. The investment is ...

U Power and Whale Logistics Partner to Deploy Battery Swapping Trucks in Thailand

Jan 2026 Thailand, Infrastructure

U Power Limited, a provider of AI-powered solutions for energy grids and intelligent transportation, announced that its wholly owned subsidiary, U SWAP Company Limited, has ...

Banks of England, Thailand, and Singapore Explore Synchronized FX Settlement

Jan 2026 Singapore, Thailand, ICT, Infrastructure

The Bank of England, the Bank of Thailand, and the Monetary Authority of Singapore are collaborating to examine the technical and policy implications of settling foreign ...

Thailand to Unify Its National Health Data Systems

Jan 2026 Thailand, Healthcare, ICT

Thailand has taken steps to establish a connected national health system through a new law enabling nationwide health data sharing and the adoption of AI and telemedicine. ...

American Company Commissions Southeast Asia’s First Heat Battery For Cement

Jan 2026 Thailand, Environment

American company Rondo Energy and SCG Cleanergy, a clean energy subsidiary of SCG, Thailand’s large conglomerate involved in building materials, have commissioned ...

Eni Signs Long Term LNG Supply Agreement with Thailand

Jan 2026 Thailand, Energy

Eni has signed a long-term liquefied natural gas supply agreement with Thailand’s Gulf Development Company. The contract supports Eni’s strategy to diversify its global ...

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