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

The Philippines to Allow 100% Foreign Ownership in Renewable Energy

Jan 2023 Philippines, Energy

In a landmark move to increase the power generation capacity and make the Philippines less reliant on imported fuels, the country's Department of Energy (DOE) has recently ...

Coca-Cola Philippines to Expand 100% Recycled Plastic Packaging

Jan 2023 Philippines, Environment

Coca-Cola Philippines recently announced that it will transition its key brands Coca-Cola Original Taste and Wilkins Pure to 100% recycled PET plastic packaging (excluding ...

GSK Opens First High-Potency Facility in Singapore for Cancer Treatment Drugs

Jan 2023 Singapore, Healthcare, Manufacturing

British multinational pharmaceutical and biotechnology company GlaxoSmithKline (GSK) has announced the opening of a new SGD 44 million (USD 33 million) high potency facility ...

Oshkosh Defense Inks Teaming Deal with Sovereign Strategic for AMV tender

Jan 2023 Malaysia, Defense/Aerospace

US-based defense industry giant Oshkosh Defense has signed teaming agreements with Malaysian defense company Sovereign Strategic to jointly participate in the upcoming tender ...

French Semiconductor Material Company to Double Production Capacity in Singapore

Jan 2023 Singapore, Manufacturing

Soitec, a French company leader in the design and production of innovative semiconductor materials, just broke ground on the construction of its wafer fab extension at ...

Equinix Enters Malaysia with USD 40 million Investment

Jan 2023 Malaysia, ICT

Equinix, Inc. announced its market entry into Malaysia with plans to build a new data center in Johor. With an initial investment of approximately USD 40 million, the data ...

Ericsson & DEPA Drive 5G Digital Transformation in Thailand

Jan 2023 Thailand, ICT

Swedish multinational networking and telecommunications company Ericsson and the Digital Economy Promotion Agency (DEPA) of Thailand recently signed a Memorandum of ...

Singapore Launches Green Economy Regulatory Initiative to Capture Emerging Opportunities

Jan 2023 Singapore, Environment

The Singapore government recently launched a new initiative called Green Economy Regulatory Initiative (GERI), which supports businesses in seizing new green growth ...

US Defense Companies Explore Deals in Vietnam

Jan 2023 Vietnam, Defense/Aerospace

Reuters has recently reported that several American defense companies have been involved in talks with Vietnamese officials for supplying military gear such as helicopters ...

Two Major Airport Expansions Planned in Thailand

Jan 2023 Thailand, Defense/Aerospace, Infrastructure

It has been recently announced that in 2023 the government of Thailand will launch tenders for the expansion of the country’s two biggest airports, Suvarnabhumi International ...

Foxconn Kicks Off Building of EV Factory in Thailand

Jan 2023 Thailand, Manufacturing

Taiwanese contract manufacturer Foxconn has just commenced the construction of an electric vehicle (EV) plant in Thailand. The project, part of Foxconn's joint venture with ...

Petronas Makes Significant Oil and Gas Discovery Offshore Malaysia

Jan 2023 Malaysia, Energy

Malaysia’s national upstream company Petronas Carigali has made a significant oil and gas discovery with its Nahara wildcat offshore Sarawak, East Malaysia. The shallow-water ...

Philippine Air Force Inducts First SPYDER Ground-based Air Defense Systems (GBADS)

Jan 2023 Philippines, Defense/Aerospace

The Philippine Air Force (PAF) has inducted its first SPYDER-MR (Surface-to-air PYthon and DERby Medium Range ) ground-based air defense systems (GBADS) along with a C295W ...

Technology to Transform Medical Examination and Treatment in Vietnam

Jan 2023 Vietnam, Healthcare

Vietnam’s Ministry of Heath has implemented a project to enhance the professional capacity of grassroots healthcare organizations and disseminate the expertise of doctors ...

Government Aims to Change East Coast Region into RV Industry Hub

Jan 2023 Malaysia, Manufacturing

The Ministry of International Trade and Industry (MITI) and the East Coast Economic Region Development Council (ECERDC) are looking to capitalize on the potential of the ...

GS25 to Receive USD 20 Million from IFC to Enhance Presence in Vietnam

Jan 2023 Vietnam, Retail/FMCG

IFC, a member of the World Bank Group, is considering an investment of USD 20 million in GS25, a convenience store chain in Vietnam. IFC visited five stores and a warehouse ...

Singtel Partners with Telkom and Medco Power to Build its First Data Center

Jan 2023 Indonesia, ICT

Singtel announced plans to construct the first data center in Indonesia in collaboration with Indonesian telco Telkom and energy company Medco Power. The data center will ...

Pertamina, Keppel Infrastructure, and Chevron to Develop Green Projects in Indonesia

Jan 2023 Indonesia, Energy, Environment

Pertamina Power Indonesia, Keppel Infrastructure, through Keppel New Energy, and Chevron Corporation, through Chevron New Energies International (Chevron New Energies), have ...

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