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

UK´s HydroWing Explores Indonesia’s Tidal Energy Potential

Nov 2022 Indonesia, Energy

HydroWing, a UK-based tidal energy developer, has inked an agreement with Indonesia Power, a state-owned firm, to build tidal energy projects in Indonesia. The cooperation ...

Irish-American Digital Payments Firm Stripe Enters Thailand

Nov 2022 Thailand, ICT

Irish-American financial services and software as a service (SaaS) company Stripe announced that it is now available in Thailand, where its financial infrastructure platform ...

Amazon Web Services to Launch an Infrastructure Region in Thailand

Nov 2022 Thailand, Infrastructure

Amazon Web Services (AWS), an Amazon.com, Inc. company, recently announced plans to open an infrastructure Region in Thailand. The new AWS Asia Pacific (Bangkok) Region will ...

Cargill Expands Ready to Cook Chicken Production in Thailand

Nov 2022 Thailand, Agrifood

The Thai subsidiary of the American agricultural and food ingredient producer Cargill recently announced that it is investing in its ready-to-cook products with the aim of ...

Thailand Developing Radar System Against Unauthorized Drones

Nov 2022 Thailand, Defense/Aerospace

The Bangkok Post recently revealed that a research team from Thailand is currently working on the development of a radar system capable of detecting unauthorized drones flown ...

Thailand and the EU Finalize Partnership and Cooperation Agreement

Nov 2022 Thailand, Economy

In September 2022, the European Union (EU) and Thailand finalized the text of the EU-Thailand Partnership and Cooperation Agreement (PCA). The PCA will enhance the ...

Thailand to Launch Two Giant 2.65 GW Natural Gas Combined Power Plants

Nov 2022 Thailand, Energy

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries (MHI), has commenced operation of the fourth and final M701JAC unit at an ultra-large-scale natural ...

Thailand’s Largest Wind Power Developer to Double Electricity Generation by 2027

Nov 2022 Thailand, Environment

Thailand's largest wind power developer and operator by capacity, Wind Energy Holding (WEH), recently announced its target to double its electricity generation capacity to ...

Polish Investors Considering Indonesia’s Railway Sector

Nov 2022 Indonesia, Infrastructure

Poland has been eyeing Indonesia's railway sector, according to the diplomats and business representatives. In the 2022 Railwaytech Indonesia exhibition, Polish Ambassador ...

EOFlow’s Insulin Pump Earns Approval in Indonesia

Nov 2022 Indonesia, Healthcare

EOFlow, a Soutk Korean developer of wearable drug delivery systems, revealed that it has been granted approval from the Indonesian Ministry of Health to market its wearable ...

Singaporean Company to Develop Green Hydrogen Plant in Indonesia

Nov 2022 Indonesia, Environment

Carbon Governance, a Singaporean green energy project developer, recenlty signed a long-term land leasing agreement with an unknown Indonesian firm for a location in ...

Indonesia Designing Incentives for New Capital Investment

Nov 2022 Indonesia, Economy

Indonesia is creating an incentive package to entice investment in Nusantara, its prospective USD 32 billion new capital city. The mega project involves relocating Southeast ...

Indonesia and ICAO Initiate Aviation Training

Nov 2022 Indonesia, Defense/Aerospace

The Indonesian government and the International Civil Aviation Organization (ICAO) have inked a Memorandum of Understanding of Cooperation (MoU) for training and capacity ...

Thailand Approves USD 131 Million Phuket Medical Tourism Hub

Nov 2022 Thailand, Healthcare

The Thai government has just approved the construction of a THB 5 billion (USD 131 million) international medical hub in the touristy Phuket. The goal is to expand health- ...

Estonian Company to Build Insect Farm in Vietnam

Nov 2022 Vietnam, Agrifood

The Estonia-based startup FlyFeed has recently raised EUR 3 million (USD 30,90,705) to research on feeding the globe by sustainably obtaining insect protein. In order to ...

Hendrix Genetics Expands SPF Vannamei Broodstock Facility in Indonesia

Nov 2022 Indonesia, Agrifood

Hendrix Genetics’ shrimp breeding activities are reputed as Kona Bay. It has inaugurated a specific pathogen-free (SPF) shrimp broodstock plant in North Bali, Indonesia. The ...

Singapore Considers Offshore Hybrid Renewable Energy System

Nov 2022 Singapore, Environment

Two universities in Singapore, National University of Singapore and Nanyang Technological University have together teamed up with Keppel Infrastructure to study the ...

Biggest and Fastest Energy Storage Containers Built in Jurong Island Three Years Before Target

Nov 2022 Singapore, Energy

Singapore constructed Southeast Asia’s largest energy storage system on Jurong Island, which are referred to as giant batteries and can store a minimum of 200 megawatt-hour ...

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