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

Freeport Indonesia to Build Copper Smelter Complex

Nov 2021 Indonesia, Manufacturing

Freeport Indonesia, a joint venture between US-based Freeport-McMoRan and the Indonesian government, has begun to construct copper smelter and precious metal refinery in ...

Export Value for Agricommodity Sector to Hit USD 36.55 Billion

Nov 2021 Malaysia, Agrifood

Malaysia’s export value of its agricommodity sector in 2021 is expected to hit MYR 204 billion (USD 49.06 billion), a significant increase from MYR 152 billion (USD 36.55 ...

Digital Payments in Thailand Quadruple from Pre-Pandemic Levels

Nov 2021 Thailand, ICT

In October 2021, the Central Bank of Thailand revealed that digital payments in the country have quadrupled from pre-pandemic levels. The number of daily transactions made ...

DHL Express, Pen Aviation Collaborate to Pursue Cargo Drone Delivery

Nov 2021 Malaysia, Defense/Aerospace

DHL Express, the leading international courier firm, and Pen Aviation, a Malaysia-based aviation solutions provider, have embarked on a partnership to commercialize ...

Decathlon Partners with Country’s Largest Mall Chain SM Supermalls

Nov 2021 Philippines, Retail/FMCG

Decathlon, the world's largest sports retailer, and SM Supermalls, the Philippines’ largest mall developer, consolidated their partnership with further Decathlon store ...

Consortium for USD 560 Million Coal-to-Methanol Plant Feasibility Study

Nov 2021 Indonesia, Energy

PT Powerindo Cipta Energy (PCE) and China National Chemical Engineering Corporation (CNCEC) have formed a consortium to start a feasibility study for a coal-to-methanol plant ...

Collaboration in Indonesia for Cage-Free Egg Production

Nov 2021 Indonesia, Agrifood

Global Food Partners (GFP) have launched a collaboration with Vencomatic to develop a model farm in Indonesia with the goal of furthering cage-free egg production in the ...

British Company Launches Insect-Based Pet Food in Thailand

Nov 2021 Thailand, Agrifood

British company Yora has become the first brand to offer complete insect-based dog food in the Thai market, with cat food to be launched in early 2022. Yora's local ...

BOI Greenlights PHP 603 Million Hospital Project in Cagayan

Nov 2021 Philippines, Healthcare

The Board of Investments (BOI) has approved incentives for a PHP 603 million (USD 12 million) hospital project that will cater to COVID-19 patients in the Cagayan Valley ...

BOI Approves Two Poultry Projects Worth USD 3.3 Million

Nov 2021 Philippines, Agrifood

The Board of Investment (BOI) approved two agricultural projects amounting to PHP168 million (USD3.3 million) to support and improve the meat processing industry of the ...

BCPG Partnering on Low-Carbon, Sustainable Energy Solutions and Infrastructure

Nov 2021 Thailand, Energy

BCPG Public Company Limited, a leading renewable energy company in Thailand, has signed an MoU with Keppel New Energy Pte Ltd, a wholly-owned subsidiary of Singapore-based ...

Bangko Sentral ng Pilipinas (BSP) Achieves Target of 20% of Digital Payments in 2020

Nov 2021 Philippines, ICT

The latest report of the Bangko Sentral ng Pilipinas (BSP) confirmed that the BSP achieved its target of reaching 20% of digital payments volume by 2020. The report reveals ...

Babcock Secures Export Contract to Indonesia

Nov 2021 Indonesia, Defense/Aerospace

Babcock, a British aerospace, defense and security company, has secured the first export contract for its Arrowhead 140 (AH 140) frigate to Indonesia. Through a design ...

American Luxury Furniture Producer to Construct a New Plant in Vietnam

Nov 2021 Vietnam, Manufacturing

John-Richard, a luxury home furniture producer, has announced that it will construct a new furniture factory in Binh Duong Province, with a four-building complex totaling ...

10x Genomics Officially Opens Singapore Manufacturing and Commercial Hub

Nov 2021 Singapore, Healthcare

10x Genomics, a life sciences leader focused on mastering biology to advance human health, has opened its Singapore manufacturing facility and commercial hub. The addition ...

1-GW Solar Projects by Solar Philippines to Operate Next Year

Nov 2021 Philippines, Energy

The Philippines is expected to ramp up its renewable energy sources as Solar Philippines, the nation's largest solar company, is eyeing 1-GW solar projects to start ...

Vietnam’s Masan to Partner with De Heus on Animal Protein Value Chain

Oct 2021 Vietnam, Retail/FMCG

Masan MEATLife Corporation (MML), one of Vietnam’s largest consumer-focused business groups, and De Heus Vietnam, one of the global leaders in the animal nutrition and ...

Leading Semiconductor Manufacturer to Start Production in Vietnam

Oct 2021 Vietnam, Manufacturing

In September 2021, Universal Scientific Industrial Co., Ltd. (USI) announced that it had completed the first phase for the construction of its new manufacturing base in ...

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