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

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 ...

Philippines Approves USD 1.66M Ecozone Projects

Jan 2023 Philippines, Infrastructure

The Philippine Economic Zone Authority (PEZA) has approved a total of 29 ecozone projects in 2022 amounting to USD 1.76 million, 11 of which were registered during the first ...

Vietnamese retail giant Mobile World opens its first brick-and-mortar in Indonesia

Jan 2023 Indonesia, Retail/FMCG

Vietnamese retail giant Mobile World Group (MWG) has launched its first brick-and-mortar location in Indonesia under the name Era Blue Electronic. This joint investment is ...

Japan’s Kurabe Industrial Expands Operations in the Philippines

Jan 2023 Philippines, Manufacturing

Japanese company, Kurabe Industrial, will be investing PHP 2 billion (USD 36.5 million) to expand its manufacturing facility in Lima Estate, Batangas province which is ...

Collins Aerospace and Dirgantara Sign Agreement to Upgrade C-130H Aircraft

Jan 2023 Indonesia, Defense/Aerospace

Collins Aerospace and Indonesian state-owned aerospace company PT Dirgantara Indonesia (PTDI) have signed a deal to modify eleven C-130 military transport aircraft for the ...

Singhealth to Test Trial Facial Recognition System for Hospital Visitors

Nov 2022 Singapore, Healthcare

SingHealth has announced the testing of a facial recognition system for visitors to Outram Community Hospital (OCH) and SingHealth Tower, both located in the Singapore ...

MSD Launches New Manufacturing Facilities in Singapore for Innovative Medicines and Vaccines

Nov 2022 Singapore, Healthcare, Manufacturing

American Pharmaceutical Company Merck & Co. (MSD) recently announced the opening of a new secondary packaging facility in Singapore. The facility is expected to support ...

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