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

MEA Collaborates with Hitachi Energy to Upgrade Bangkok’s Power Network

Mar 2023 Thailand, Energy

Hitachi Energy has announced the successful installation and commissioning of its RTU560 solution for Metropolitan Electricity Authority (MEA) in Thailand as part of its ...

Astra Daihatsu Starts Constructing USD 190 Million Car Assembly Plant in Indonesia

Mar 2023 Indonesia, Manufacturing

Astra Daihatsu Motor, a joint venture between Japan's Daihatsu and Indonesian conglomerate Astra International, has begun constructing a new automobile assembly plant in ...

Malaysia Procures South Korea’s Fighter Jets in a USD 920 Million Deal

Mar 2023 Malaysia, Defense/Aerospace

Malaysia's Defense Ministry will purchase 18 fighter jets from Korea Aerospace Industries Co (KAI), South Korea's sole aircraft manufacturer, for 1.2 trillion won (USD 920 ...

Aleph Farms Increases Production Capabilities with ESCO Aster Partnership

Mar 2023 Singapore, Agrifood

Aleph Farms, the first company to grow cultivated steaks directly from non-modified cow cells, has signed a Memorandum of Understanding (MOU) with ESCO Aster, a ...

Philippine Airlines Partners with Ramco Aviation

Mar 2023 Philippines, Defense/Aerospace

Philippine Airlines, Inc. (PAL), the country's flag carrier, has reached an agreement with Ramco Systems, a provider of aviation software, to implement Ramco's Aviation Suite ...

Leading Hotel Groups Increasing Investment in Vietnam

Mar 2023 Vietnam, Retail/FMCG

Accor Vietnam and IHG Hotels & Resorts, two leading hotel companies, have put forward plans to double the number of hotels in Vietnam that meet international standards ...

Thailand’s New Strategies to Attract Foreign Investors

Mar 2023 Thailand, Economy

Foreign investment soared by 56% to THB 129 billion (USD 3.9 billion) in value in 2022, with Japan topping the list in terms of budget to develop businesses in Thailand. ...

Princeton Digital to Invest USD 1 Billion for Data Center Campuses in Malaysia and Indonesia

Mar 2023 Indonesia, Malaysia, ICT, Infrastructure

Princeton Digital Group has allocated USD 1 billion to construct new data centers to support its operations in Southeast Asia, emphasizing the continued demand for ...

Bucher Emhart Glass to Build USD 24 Million Manufacturing Facility in Johor

Mar 2023 Malaysia, Manufacturing

Bucher Emhart Glass, a subsidiary of Swiss-listed global technology, engineering and manufacturing group Bucher Industries AG will construct a new manufacturing facility ...

GenScript Expands Footprint in Singapore

Mar 2023 Singapore, Healthcare, Manufacturing

GenScript Biotech Corporation, a leading provider of life-science research tools and services, announced the expansion of its Singapore facility to provide a premium gene ...

Improved PH Connectivity is Seen Through an Undersea Cable System

Mar 2023 Philippines, ICT, Infrastructure

The Philippine fiber internet provider Converge ICT Solutions Inc. has vowed to provide greater internet speed in the country after the inauguration of the Bifrost Cable ...

Vietnamese Operator Hai An Forms Joint Venture with Israeli Carrier Zim

Mar 2023 Vietnam, Infrastructure

Vietnamese feeder operator Hai An is launching a joint venture called Lotus Link with Israeli carrier Zim to transport Vietnamese exports from the ports of Ho Chi Minh, ...

Thailand Collaborates with South Korea for the Construction of a Spaceport

Mar 2023 Thailand, Defense/Aerospace

South Korea and Thailand have agreed to collaborate on a project involving the construction of a spaceport in the Southeast Asian country. The Yonhap news agency revealed ...

Indonesia Launches National Strategy on Agriculture Digitalization

Mar 2023 Indonesia, Agrifood

FAO, in collaboration with the Ministry of Agriculture (MoA)’s Data and IT Center (Pusdatin), launched an agricultural digitization strategy in Indonesia. The national ...

Malaysian Insect Producer First from Southeast Asia to Access EU and UK Markets

Mar 2023 Malaysia, Agrifood

Nutrition Technologies, a manufacturer and supplier of sustainable animal feed ingredients and biofertilizers, has been granted permission by Malaysia's Ministry of ...

Mangata Networks Announces New Maritime Headquarters and Infrastructure R&D Centre in Singapore

Mar 2023 Singapore, ICT, Infrastructure

Mangata Networks, an innovative satellite-enabled network and edge cloud computing services company, has established Singapore as the location for its Maritime Global ...

Continued Infrastructure Development Momentum in Mindanao

Mar 2023 Philippines, Infrastructure

The Department of Public Works and Highways (DPWH) is intensifying infrastructure development in Mindanao. Phase 1 of 'Improving Growth Corridors in Mindanao Road Sector ...

Vietnam Strengthens Partnership in Cancer Research with Belgium

Mar 2023 Vietnam, Healthcare

A seminar on life science and health in Vietnam was co-hosted by the Belgian Vietnamese Alliance (BVA) and IBA, a leading Belgian company in particle accelerator technology ...

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