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

Kubota Betting on the Thai Smart Farming Market

Mar 2023 Thailand, Agrifood

Japanese tractor manufacturer Kubota has recently made the headlines for having developed an app designed for the Southeast Asian market that allows the monitoring of smart ...

Indonesian Air Force Receives First C-130J-30 Super Hercules Delivery

Mar 2023 Indonesia, Defense/Aerospace

The Indonesian Air Force (IDAF) received the first of five C-130J-30 Super Hercules tactical airlifters from Lockheed Martin, ushering in a new era of Hercules operations for ...

Oliver Healthcare Packaging to Establish its Largest Regional Facility in Malaysia

Mar 2023 Malaysia, Healthcare

Oliver Healthcare Packaging, a global US-headquartered healthcare firm, announced plans to establish a new 122,000-square-foot manufacturing facility in the state of Johor in ...

Singapore to Enhance Electricity Grid to Meet Growing Demand and Support Renewable Energy Use

Mar 2023 Singapore, Energy

Singapore is aiming to improve its electrical grid to not only facilitate its transition towards more environmentally-friendly energy but also to meet the growing demand ...

Philippine DoE, UK Exploring Offshore Wind Collaboration

Mar 2023 Philippines, Energy

The Philippines and the UK are currently exploring offshore wind collaboration. As part of the collaboration, on February 13-17, 2023, the UK Government’s Department for ...

Vietnam Advances Its Space Exploration Industry

Mar 2023 Vietnam, Defense/Aerospace

Since 2007, Vietnam has been producing small satellites and has made significant progress in this field, despite being a newcomer to the space race. The country has ...

Thailand’s Cyber Elite Announces Partnership with Zscaler

Mar 2023 Thailand, ICT

Cyber Elite, a cybersecurity firm based in Bangkok, Thailand, has announced a partnership with Zscaler, a US-based cloud security provider. The aim of the collaboration is to ...

Snack Manufacturer Lotte Increases Choco Pie Snacks Production in Indonesia

Mar 2023 Indonesia, Manufacturing

Lotte plans to build a new facility within its existing factory in Indonesia, which is expected to increase the production capacity of its flagship snack, Choco Pie, to JPY ...

Singapore Retailers Venture into Malaysia

Mar 2023 Malaysia, Retail/FMCG

Singapore-based fashion omnichannel platform Sift & Pick has entered Malaysia’s retail scene by opening its first brick-and-mortar location. In February 2023, the company ...

Yamaha Motor Announces Robotics Business in Singapore

Mar 2023 Singapore, ICT, Manufacturing

Yamaha Motor Co., Ltd. has announced that it has established a new company in Singapore to expand its business in Southeast Asia and India, where demand for robots is ...

PH Government Allocates USD 365 Million for Integrated Flood Resilience Project

Mar 2023 Philippines, Environment

In February 2023, the Philippine government announced allocating PHP 20 billion (USD 365 million) for the first phase of the Integrated Flood Resilience and Adaptation ...

Huyndai Opens New Factory in Vietnam

Mar 2023 Vietnam, Manufacturing

A new factory has been opened in northern Vietnam by a joint venture between South Korean’s Hyundai Motor and the Vietnamese conglomerate Thanh Cong Group as it seeks to ...

Thai Player to Develop Plant-based Plastic Plant in Collaboration with Brazilian Company

Mar 2023 Thailand, Environment, Manufacturing

Thailand's SCG Chemicals (SCGC), one of the largest integrated petrochemical companies in Asia, is set to build a bio-based ethylene factory producing plastic materials made ...

CCEP Indonesia and Dynapack Asia Inaugurate PET Recycling Plant

Mar 2023 Indonesia, Environment

Coca-Cola Europacific Partners (CCEP) Indonesia and Dynapack Asia, a leading manufacturer of rigid plastic packaging and components, have unveiled the Amandina Bumi Nusantara ...

Water-Intensive Industries in Singapore to Face Mandatory Water Recycling Requirement

Mar 2023 Singapore, Environment

Starting from Jan 1, 2024, new projects in Singapore's water-intensive industries will be required to meet recycling standards to help reduce water consumption. These ...

Fujifilm to Introduce More Healthcare Solutions to the Philippines

Mar 2023 Philippines, Healthcare

Japanese company Fujifilm announced that it plans to introduce more healthcare solutions to the Philippines in response to rising local demand. The Japanese brand, which ...

Vietnam and European Players Collaborate on Innovation in Agriculture

Mar 2023 Vietnam, Agrifood

Vietnam’s Minister of Planning and Investment (MPI) led a Vietnamese delegation to Germany and the Netherlands in February 2023 to enhance cooperation in smart agriculture ...

Siemens to Launch High Vocational Diploma Supporting Rail Specialists in Thailand

Mar 2023 Thailand, Infrastructure

German rail innovation and technology company Siemens Mobility recently signed an agreement with Thailand’s Office of the Vocational Education Commission (OVEC) and the ...

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