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

UK’s Owen Mumford Inks Agreement for Medical Device Distribution in Southeast Asia

Duopharma Biotech Berhad, through its subsidiary Duopharma Marketing Sdn Bhd, has inked an Exclusive Distributorship Agreement with Owen Mumford, a UK-based medical device ...

Asia’s First Climate-Controlled Tulip Farm Blooms in the Philippines

Phinl Corporation, a Board of Investments (BOI)-registered company, has launched Asia’s first and only fully-contained and computer-controlled indoor hydroponic tulip farm in ...

Vopak Converts Part of Sebarok Terminal in Singapore for Marine Biofuel Blending

Tank storage and critical infrastructure services provider Vopak has successfully commissioned 40,000 cubic meters of capacity at its Sebarok terminal for blending biofuels ...

British Specialist Wins Contract for Intelligent Video Analytics Solution at Thai Medical Institute

Gorilla Technology Group Inc., a British solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and IoT technology, recently announced that ...

EV Infrastructure in Malaysia Advancing Through Blockchain

Malaysian car connectivity solutions provider ACO Tech, in collaboration with blockchain solutions provider Geno and the Malaysia Automotive, Robotics & IoT Institute ...

ASE Acquires Semiconductor Packaging & Testing Factory in the Philippines

The US has announced its plans to invest more than USD 1 billion in the Philippines’ tech sector to double the number of semiconductor factories in the country. While the ...

Singapore’s MINDEF to Acquire 8 New F-35As

The Ministry of Defence (MINDEF) is acquiring eight new F-35As, in addition to 12 F-35Bs, which have been bought and announced previously. Designed for greater endurance and ...

FedEx Expands Dangerous Goods Logistics Solutions in Thailand

FedEx has broadened its one-stop-shop (OSS) logistics services catering to dangerous goods in Chiang Mai and Lamphun, Thailand, a move poised to benefit local enterprises in ...

American Early Childhood Learning Brand Launches in Singapore

Lovevery, the global early childhood brand, has announced the launch of its early learning program, The Play Kits,  in Singapore. The latest APAC expansion comes one year ...

Italian Braking Systems Specialist Constructs Factory in Thailand

Brembo, an Italian company leader in braking systems, just commenced construction of its first production site in Thailand. The investment, totaling approximately EUR 40 ...

Malaysia and Japan Strengthen Ties with Halal MOUs to Boost Trade and Certification Standards

Malaysia further solidified its position as a global halal hub by signing two Memoranda of Understanding (MOUs) with Japan. These agreements aim to enhance international ...

IKEA Expands Reach Across the Philippines with Enhanced Services

IKEA, the renowned furniture retailer, is expanding its reach in the Philippines to key cities like Davao, Cagayan de Oro City, and Iloilo City. This expansion signifies ...

Phuc Long Coffee & Tea targets Hanoi and Ho Chi Minh City

Masan Group’s Phuc Long Coffee & Tea is pivoting its strategy from focusing on WinMart coffee kiosks to expanding its network of coffee shops in Vietnam’s key ...

American Biotechnology Company to Open Spider Silk Production Facility in Vietnam

American biotechnology company Kraig Biocraft Laboratories (Kraig Labs) has announced the commencement of a new recombinant spider silk production center in Lam Dong Province ...

Singapore’s CAI to Manage Vietnam’s Cam Ranh International Airport

Singapore’s Changi Airports International (CAI) has entered into a partnership with Cam Ranh International Joint Stock Company (CRTC) to manage Terminal 2 of Cam Ranh ...

Vietnam International Bank to Upgrade Cloud Core Banking System

Vietnam International Bank (VIB) has teamed up with Amazon Web Services (AWS) and Switzerland-based technology solutions provider ITSS to deploy the latest version of the ...

South Koreaan Pharmaceutical Specialist to Expand Presence in Vietnam

South Korean pharmaceutical company Genuone Sciences has recently formed a partnership with Vietnam’s pharmaceutical manufacturer Imexpharm in a strategic movement to expand ...

Vietnam’s Tech Champion Partners with Japan’s Carbon EX to Foster the Carbon Market

Vietnam’s leading ICT company, FPT Group, has signed an MoU with Carbon EX, a Japanese platform for trading carbon credits, to foster Vietnam’s carbon market and work ...

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