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

Foreign Investors Drawn to Vietnam’s Booming Offshore Wind Market

Feb 2023 Vietnam, Energy

Vietnam is registering a growing interest from foreign investors in the offshore wind industry. In order to achieve net zero emissions by 2050, the nation is currently ...

Thailand’s PTTOR Aims for 7,000 EV Charging Outlets by 2030

Feb 2023 Thailand, Energy, Infrastructure

PTT Oil and Retail Business (PTTOR), Thailand’s state-run oil company, recently announced that it intends to establish the country’s largest electric vehicle (EV) charging ...

Indonesia’s Investment Coordinating Board Boosts Investment in EV Ecosystem

Feb 2023 Indonesia, Infrastructure

Several global and international investors are showing interest in Indonesia's electric vehicle (EV) battery ecosystem, according to Indonesia's Investment Coordinating Board ...

Malaysia Healthcare Travel Council, HIMSS Become Strategic Partners for Digital Boost

Feb 2023 Malaysia, Healthcare

Malaysia Healthcare Travel Council (MHTC), a Malaysian government agency responsible for promoting healthcare travel industry has partnered with Healthcare Information and ...

The Philippine Department of Health to Set Up 104 Specialty Medical Center

Feb 2023 Philippines, Healthcare

The Department of Health (DOH) plans to establish more than 100 specialty centers this year as part of its efforts to capacitate rural facilities and make medical services ...

Vinamilk’s Product Receives Asia’s First Purity Award in 2022

Feb 2023 Vietnam, Agrifood

Vinamilk, a leading Vietnamese dairy brand, has announced that its Optimum Gold recently became Asia’s first dairy formula product to be awarded the Clean Label Project (CLP) ...

Thai Company Partners with American Specialist for ‘Never Frozen Fish’

Feb 2023 Thailand, Agrifood

Aqquua, Thailand's leading producer of farmed grouper, has announced a new partnership with American company EverCase, a specialist offering cold-chain solutions for ...

FinVolution Forms Alliance with Indonesia’s PermataBank

Feb 2023 Indonesia, ICT

Chinese fintech company FinVolution, through its Indonesian subsidiary AdaKami, has signed an agreement with PT Bank Permata (PermataBank). The partnership aims to promote ...

Intel to Expand In Malaysia, Spend USD 15.8 Billion Over 10 Years

Feb 2023 Malaysia, ICT, Manufacturing

The largest semiconductor manufacturer in the world, Intel Corporation (Intel Corp), has committed to investing USD 15.8 billion (MYR 70 billion) in Malaysia over a ten-year ...

Southeast Asia’s Largest Energy Storage Facility Launched in Singapore

Feb 2023 Singapore, Energy

Sembcorp Industries (Sembcorp) and Singapore's Energy Market Authority (EMA) have officially opened the Sembcorp Energy Storage System (ESS). The Sembcorp ESS is Southeast ...

DP World Eyes Setting Up an Industrial Park in the Philippines

Feb 2023 Philippines, Infrastructure

Dubai-based logistics firm DP World has expressed interest to establish an industrial park in the Philippines. This development occurred during the meeting between Philippine ...

European Businesses Relocating Operations from China to Vietnam

Feb 2023 Vietnam, Economy

According to a recent survey conducted by the European Chamber of Commerce in Vietnam (EuroCham), 41% of respondents stated that their company was moving operations from ...

New POS System Launched by BJC for the Traditional Retail Sector in Thailand

Feb 2023 Thailand, Retail/FMCG

Berli Jucker Public Company Limited (BJC), the Thai conglomerate and owner of Big C Supercenter, has launched a POS system to help Thai traditional stores (or so-called “Sho ...

Indonesia’s Bio Farma Acts to Strengthen Healthcare Ecosystem

Feb 2023 Indonesia, Healthcare

Merck and Indonesia’s state-owned pharmaceutical holding company PT Bio Farma have entered a licensing agreement for the state-owned drug manufacturer to produce the MSD ...

SEA Ltd to Increase Investments, Open Cloud Computing Centre and Warehouse in Malaysia

Feb 2023 Malaysia, Retail/FMCG

SEA Limited (SEA Ltd), a Singapore-based e-commerce giant and the parent company of Shopee, the largest pan-regional e-commerce platform in Southeast Asia and Taiwan, has ...

Singapore’s Tech Industry to Push Digital Trust, Talent, and Sustainability

Feb 2023 Singapore, ICT

SGTech, a trade association for the tech industry, has proposed nine recommendations to the Ministry of Finance to develop digital trust capabilities, provide skill-based ...

Accelerated Climate Change Agenda Added in PDP 2023-2028

Feb 2023 Philippines, Environment

An entire chapter on climate change was recently added to the Philippine Development Plan (PDP) 2023-2028, entitled “Chapter 15: Accelerate Climate Action and Strengthen ...

Thailand Launches Tax Incentives for Biodegradable Plastic

Feb 2023 Thailand, Environment

The Ministries of Industry and Finance have joined forces to launch a new program of tax incentives designed to encourage businesses to reduce their use of non-biodegradable ...

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