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

Thai Startup HD Brings the Sharing Economy Model to Healthcare Sector

Feb 2023 Thailand, Healthcare

Thai startup HD is making the headlines for applying the sharing economy model in Southeast Asia's healthcare sector. The startup offers a platform that helps three parties ...

IOH Completes Network Integration in Jabodetabek with Ericsson

Feb 2023 Indonesia, ICT, Infrastructure

Indosat Ooredoo Hutchison (IOH) has announced that it is on its way to completing a nationwide network integration using Multi Operator Core Network (MOCN) technology to ...

Japanese Firms Enter Durian Cultivation in Malaysia

Feb 2023 Malaysia, Agrifood

PLS Plantations’ 51%-owned unit PLS LESB has entered into an of agreement with Millennium Agriculture Technology Sdn Bhd (MAT) and its parent, MyFarm Inc Japan. The parties ...

Singapore Moves to Improve Air Traffic Management

Feb 2023 Singapore, Defense/Aerospace

Singapore is planning to implement a new air traffic management (ATM) system in the latter half of the decade to manage the projected increase in flights and reduce delays. ...

Demand for Pet Food Soaring in the Philippines

Feb 2023 Philippines, Agrifood, Retail/FMCG

Demand for pet food in the Philippines is on the rise, according to the US Department of Agriculture (USDA). The FAS in Manila projected that the pet food industry in the ...

Apple Supplier BOE Technology Invests in Vietnam

Feb 2023 Vietnam, Manufacturing

BOE Technology Group, a Chinese display maker and a supplier to both Apple Inc and Samsung Electronics, intends to invest up to USD 400 million to develop two factories in ...

Thailand Inaugurates First Digital Free Trade Hub

Feb 2023 Thailand, Economy

Thailand has inaugurated its first digital free trade hub as part of a collaboration with Alibaba aimed at enhancing the logistics and e-commerce sectors. The hub is a free ...

EOTECH to Supply Holographic Weapon Sights to Indonesian Army

Feb 2023 Indonesia, Defense/Aerospace

Known as the Tentara Nasional Indonesia (TNI), the Indonesian Military has selected American company EOTECH’s Holographic Weapon Sight (HWS) and magnifier for use by the ...

PAAB allocates MYR 1 Billion for Water Piping System

Feb 2023 Malaysia, Environment

Pengurusan Aset Air Bhd (PAAB) allocates approximately MYR 1 billion each year to maintain and upgrade water piping systems throughout Peninsular Malaysia, according to Abdul ...

Singapore Ideal for Startups and Venture Capital in Asia

Feb 2023 Singapore, Economy

Looking ahead at Singapore's economy for 2023, there is a reason for optimism in the tech startup scene, especially for early-stage, deep tech companies and investors. While ...

French Company Chooses Thailand for its Second Biobased Organic Acids Plant

Feb 2023 Thailand, Environment, Manufacturing

AFYREN, a French greentech company that offers manufacturers bio-based, low-carbon ingredients produced using unique fermentation technology based on a completely circular ...

General Atlantic Invests in Indonesian Dairy Company

Feb 2023 Indonesia, Agrifood

US private equity firm General Atlantic has invested USD 130 million in PT Cisarua Mountain Dairy Tbk, an Indonesian dairy and food products company. Cimory has been in ...

HCMC Seaport System Requires More Effective Mechanisms

Feb 2023 Vietnam, Infrastructure

The investment in the USD 6 billion international transshipment port in Ho Chi Minh City (HCMC) is said to be confirmed while waiting for the Ministry of Planning and ...

Gov’t Reveals 2023 Priorities for the Power Sector

Feb 2023 Philippines, Energy

The Philippine Department of Energy (DOE) has unveiled its key priorities for 2023, top of which is pursuing contingency measures and activities to ensure energy supply ...

Thailand to Launch Its First Satellite as Part of Cooperation with the UK

Feb 2023 Thailand, Defense/Aerospace

Thailand’s first satellite for earth exploration is being prepared for a launch scheduled for early 2023. It was recently reported that the Theos-2 satellite is currently ...

Davao City Builds Its Second Public Hospital

Jan 2023 Philippines, Healthcare

The Davao City government in partnership with University of the Philippines (UP) is building the Davao City Public Hospital (DCPH) which is targeted to operate in three years ...

The Philippines Set be the Fastest Growing Economy in ASEAN

Jan 2023 Philippines, Economy

The Philippines is seen emerging as the fastest growing economy among member countries of the Association of Southeast Asian Nations (ASEAN) over the next two years according ...

Unilever to Open in the Philippines Its Largest Personal Care Factory Globally

Jan 2023 Philippines, Retail/FMCG

Unilever, one of the largest retails/FMCG companies in the world, recently announced that it will expand its personal care factory in the Philippines. The project will cost ...

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