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

Further Nationwide Regulations for Tuna Harvest in Indonesia

Mar 2022 Indonesia, Agrifood

The Indonesian government aims to set new strategies for its tropical tuna harvest in order to protect the wild stock in the country. The country has the highest annual tuna ...

French Specialist to Install 2.7 MWp Rooftop Solar in Thailand

Mar 2022 Thailand, Environment

French multi-energy major TotalEnergies SE has recently signed a binding, long-term agreement to deliver a 2.7 Megawatt peak solar PV (photovoltaic) rooftop and power 27% of ...

Foxconn to Invest USD 8 billion in Indonesia’s Electric Vehicles Sector

Mar 2022 Indonesia, Manufacturing

In the third quarter of this year, Foxconn plans to invest USD 8 billion in Indonesia to manufacture electric vehicles (EVs) and batteries. In addition to the cars, the ...

Foreign Retailers to Expand Business in Vietnam

Mar 2022 Vietnam, Retail/FMCG

Despite the pandemic impact, foreign retailers are implementing a multi-channel sales strategy and enhancing operations and delivery services to enlarge their business in ...

Final Stretch of New Cross Island Line (CRL) to be Completed by End 2033

Mar 2022 Singapore, Infrastructure

The third and final section of the Cross Island Line (CRL), Singapore’s eighth MRT Line, is expected to have an estimated completion date of end 2033. The line, which is ...

European RE Firm to Invest USD 10 Billion in Singapore and the Region

Mar 2022 Singapore, Energy

EDP Renewables (EDPR), the world's fourth-largest renewable energy producer, announced that it will invest USD 10 billion by 2030 to establish its Asia-Pacific headquarters ...

DHL Express Malaysia Diversifies into Innovative Retail

Mar 2022 Malaysia, Retail/FMCG

DHL Express, a worldwide logistics company has widened its presence in Malaysia with the launch of a new mobile "ServicePoint” and through a partnership with Parcel365 as its ...

Clothing Brand Uniqlo to Open 5 New Stores in Singapore in 2022

Mar 2022 Singapore, Retail/FMCG

Uniqlo has announced plans to open 5 new stores and refresh 2 of its existing stores in 2022, expanding its footprint to 31 stores island-wide. This move likely comes due to ...

Canada’s Eclipse Automation to Establish Its First Asia-based Manufacturing Facility in Malaysia

Mar 2022 Malaysia, Manufacturing

Malaysian Investment Development Authority (MIDA) has announced that Eclipse Automation Inc will open its first Asian manufacturing facility in Batu Kawan, Penang. Malaysia ...

AllDay Presents First Supermarket Smart Carts in the Philippines

Mar 2022 Philippines, Retail/FMCG

AllDay Supermarket, one of the fastest-growing supermarkets in the Philippines and a retail arm of conglomerate Villar Group of Companies, has launched “smart carts” in its ...

Ajinomoto to Reduce GHG Emissions Through Solar Power Factory Partnership with Spectrum

Mar 2022 Philippines, Environment

Ajinomoto Philippines Corporation (APC) Group which is the Philippine subsidiary of global food company Ajinomoto Group, and Meralco-owned solar company Spectrum, have signed ...

USD 238 Million Renewable Energy Industrial Complex to be Established in Sabah

Mar 2022 Malaysia, Environment

Suria Capital Holdings Bhd, a Sabah-based investment holding and property development company, has formed a partnership with trading firm Vandelay Ventures Sdn Bhd to develop ...

Projects Approved for Pre-feasibility Studies under the German-Indonesian Green Infrastructure Initiative

Mar 2022 Indonesia, Infrastructure

It has been revealed that 15 projects have been approved for pre-feasibility studies within the framework of the German-Indonesian Green Infrastructure Initiative (GII). The ...

Singapore Hospital Uses Smart Glass Device to Complement Telemedicine Services

Feb 2022 Singapore, Healthcare

Alexander Hospital is the first healthcare institution in Singapore and Asia Pacific to use Google Glass headsets, a wearable technology that provides doctors with real-time ...

Singapore Welcomes World’s First LNG-fuelled Newcastlemax Bulk Carrier for Bunkering

Feb 2022 Singapore, Environment

In February 2022, Australia’s multinational mining, metals and petroleum public company, BHP, welcomed the world’s first LNG-fuelled Newcastlemax bulk carrier, arrived in ...

Singapore to Develop its 1st High-tech Rainbow Trout Farm Using Danish Technology

Feb 2022 Singapore, Agrifood

Singapore plans to produce 30% of its local production by 2030. In this context, shrimp aquaculture technology specialist, Blue Aqua, recently announced that it will be ...

Thaigroup to Invest in Space Tourism in Vietnam

Feb 2022 Vietnam, Defense/Aerospace

Thaigroup, through its subsidiary ThaiSpace, is seeking to invest VND 30 trillion (USD 1.3 billion) into a tourism spaceport project in Phu Quoc City in Kien Giang Province. ...

Vietnam’s Construction Sector Set to Recover in 2022

Feb 2022 Vietnam, Infrastructure

Vietnam's construction industry is set to continue its recovery in 2022 as several large-scale infrastructure projects move through different stages of development. According ...

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