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

EVFTA to Create New Opportunities for Vietnam’s Logistics Service Industry

The Europe-Vietnam Free Trade Agreement (EVFTA) will generate new opportunities for Vietnam and the logistics service industry is preparing infrastructure and techniques to ...

American PPE Distributor Opens Office in Thailand for Sourcing Gloves

Frozen Wheels, a US-based distributor of food and personal protective equipment (PPE), announced the opening of an office in Thailand for sourcing powder-free nitrile ...

Thailand to Build Eight New Motorways to Facilitate Regional Transportation and Trade

In June 2020, Thailand's Transport Ministry announced a master plan to construct eight new motorways, with a combined length of 4,930 kilometers, that will run parallel with ...

Thai Government Sets Target to Develop 100 Smart Cities

In July 2020, the Digital Economy Promotion Agency (DEPA) of Thailand has announced an objective to transform 100 cities across the country into smart cities in two years, ...

Thai-German Partnership for More Sustainable Rice Farming

Farmers in central Thailand have been adopting a new farming method under a pilot “sustainable rice platform” sponsored by GIZ (Deutsche Gesellschaft für Internationale ...

Japanese Confectionery Company to Start Local Production in Thailand

Goyo Food Industry Co, a Japanese frozen confectionery maker, has decided to start producing frozen cakes in Thailand, in partnership with a domestic manufacturer, to ...

Car Makers Investing in Electric Vehicle Production in Thailand

The Thailand Board of Investment (BOI) announced at the end of June 2020 that it has approved 24 projects by car makers to produce electric vehicles of all types in Thailand, ...

Thailand to Enhance Promotional Privileges to Attract Foreign Investors

In order to address the effect of the pandemic on international investment in Thailand, the Eastern Economic Corridor (EEC) Office announced that it will rework and increase ...

Thailand to Develop Smart Airports Using 5G Technology

The National Broadcasting and Telecommunications Commission (NBTC) and the Department of Airports (DoA) in Thailand have signed a "5G Smart Airport" memorandum of ...

Thailand’s First Large-Scale Floating Solar Plant Connected to Grid

In June 2020, it was announced that the first large scale floating solar power facility in Thailand, with a capacity of 12.5 MW, had started supplying power to the national ...

Singapore Government Boosts ICT Spending to USD 2.52 Billion for FY2020

The Singaporean government plans to increase the total projected value of its ITC contacts for fiscal year 2020 to USD 2.52 Billion, representing a 30% increase from 2019. ...

Singapore Focuses on Diversification of Food Supply Sources

In response to the disruption caused by the COVID-19 pandemic, the Singapore Food Agency is actively seeking new suppliers to diversify food sources in order to ensure ...

Singapore Allocating USD 14 Billion for Research in High Impact Areas

The government of Singapore is setting aside SGD 20 billion (USD 14.5 billion) to support basic and applied research in high impact areas, such as health and biomedical ...

Key Industry Players Team Up for First End-To-End Decarbonization Process in Singapore

Four industry leading companies, Keppel Data Centres, Chevron, Pan-United, And Surbana Jurong signed a Memorandum of Understanding (MOU) committing to work together and ...

Singapore to Move Forward with Long Term Infrastructure Plans

Singapore will continue and complete its mega infrastructure projects, including key projects such as Changi Airport Terminal 5, Tuas Mega Port, and submarine cable hubs, ...

Singapore’s Manufacturing Sector Grows by 2.5% Y-o-Y in Second Quarter

Based on advance estimates from the Ministry of Trade and Industry, the manufacturing sector in Singapore grew by 2.5% on a year-on-year basis in the second quarter, slower ...

National University of Singapore Develops New COVID-19 Swab Designs

Two research teams from the National University of Singapore (NUS) have developed three new nasopharyngeal (NP) swab designs, which will be used in testing for the SARS-CoV-2 ...

Singapore’s Defense Industry Launches New Work-Learn Program for Cyber Specialists

The Ministry of Defense (MINDEF) of Singapore recently inked an agreement with the National University of Singapore (NUS) to enable full-time national servicemen (NSFs) to ...

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