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

United Microelectronics Corporation to Build New Wafer Fab Plant in Singapore

Mar 2022 Singapore, Manufacturing

United Microelectronics Corporation (UMC), a global semiconductor foundry, announced that it would be building a new USD 5 billion advanced manufacturing facility next to its ...

US Companies Accelerate Digital Transformation in Thailand

Mar 2022 Thailand, Infrastructure

The US Trade and Development Agency (USTDA) recently highlighted its commitment to supporting next-generation Wi-Fi and connectivity in Thailand. Working in partnership with ...

Thales to Provide Digital Communications and Technological Supervision to Metro Manila’s First Underground Subway

Mar 2022 Philippines, ICT, Infrastructure

The Metro Manila Subway is one of the Philippines’ largest infrastructure projects aimed at creating an efficient rail system in the world’s most densely populated city. As ...

Thailand Witnesses Booming Investment in Several Sectors, Approves New Bio-economy Incentives

Mar 2022 Thailand, Economy

Thailand's Board of Investment (BOI) has recently revealed that the total number investment applications received in 2021 rose by close to 60% boosted by foreign investment ...

Thailand to Issue Guidelines for Digital Banks

Mar 2022 Thailand, ICT

Thailand is preparing rules for the setting up of virtual banks, joining peers in the region such as Singapore and Malaysia in promoting financial technology to enhance ...

Thailand Releases New Incentives for Electric Vehicles

Mar 2022 Thailand, Manufacturing

The government of Thailand has recently approved a new set of incentives targeting the electric vehicles (EVs) sector, including lower excise tax and import duties on auto ...

Thailand Launches its First Virtual Healthcare Center

Mar 2022 Thailand, Healthcare

Thai hospital Meta Med is collaborating with Synphaet Hospital and Metaverse Thailand to launch a new alternative center for medicine, the first of its kind in Thailand. The ...

Thailand Greenlights its First International Air Show

Mar 2022 Thailand, Defense/Aerospace

The Thai government has just approved plans for Thailand’s first international air show, which will be held in 2027 at the U-Tapao International Airport in Rayong, located in ...

Thai Utility Launches Tender for Project Combining Hydro, Floating PV and Storage

Mar 2022 Thailand, Energy

Thailand's state-owned utility Electricity Generating Authority of Thailand (EGAT) has recently issued a tender for the construction of a hybrid power combining hydro, ...

N²RTU Offers Personalized Nutrition Approach to Growing Obesity Issues in Malaysia

Mar 2022 Malaysia, Healthcare

The Nutrigenetics and Nutrigenomics Research and Training Unit (N²RTU) has been launched in Malaysia, specializing in knowledge and technology transfer in the field of ...

More Green Energy, Zero Carbon Investments into Malaysia

Mar 2022 Malaysia, Energy

The Malaysian government is working on a framework to meet its 2050 net-zero emissions goal which includes exploring a voluntary carbon market, carbon pricing mechanisms such ...

Pertamina Indonesia to Increase Oil and Gas Output by 17%

Mar 2022 Indonesia, Energy

Indonesian energy company PT Pertamina Hulu Energi plans to increase its oil and gas output in 2022 by 17%, reaching 1.04 million barrels of oil equivalent per day, including ...

PEZA Registers Biggest Economic Zone in the Philippines in Quezon Province

Mar 2022 Philippines, Economy

The Philippine Economic Zone Authority (PEZA) said that it has approved the registration for the PHP 125-billion (USD 2 .4 billion) Quezon Techno-Industrial Special Economic ...

Philippine Government Shores Up Aquaculture Industry

Mar 2022 Philippines, Agrifood

Amidst concerns about food security, particularly fish, the government through the Department of Agriculture’s Bureau of Fish and Aquatic Resources (BFAR), has bolstered the ...

Philippines Targets to Complete More Infra Projects in Zamboanga Peninsula

Mar 2022 Philippines, Infrastructure

The Philippines ’ Department of Public Works and Highways (DPWH) is targeting to complete more than 400 infrastructure projects in the Zamboanga Peninsula (Region IX) that ...

Philippines to Pursue Nuclear Energy; SMR Deployment Possible by 2027-2028

Mar 2022 Philippines, Energy

The Philippines and the United States signed a Memorandum of Understanding on Strategic Civil Nuclear Cooperation (NCMOU) in March 2022 in Washington D.C. to further deepen ...

Qatar’s Dairy Giant Baladna to Set Up Manufacturing Facility in the Philippines

Mar 2022 Philippines, Agrifood, Manufacturing

The Department of Agriculture (DA) through the National Dairy Authority (NDA) and the Department of Trade and Industry (DTI) have partnered with Baladna Qatar Public ...

Singapore Hospital Commits To Achieving Net-Zero Carbon Emissions by 2050

Mar 2022 Singapore, Environment

Khoo Tech Puat Hospital (KTPH) is the only hospital in Singapore to have pledged to heal the earth. They are one of the four hospitals in Southeast Asia to commit under a ...

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