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
Thales Expands Industrial Collaboration with Indonesian Company
Thales announced a strategic alliance with an Indonesian firm, PT Len Industri, for future collaboration on a wide range of defense-related themes. According to Thales, the ...
ECAs of UAE and Indonesia Sign Reinsurance Agreement to Promote Development and Corporation
Etihad Credit Insurance (ECI), the UAE Federal export credit company, and its Indonesian counterpart PT Reasuransi Indonesia Utama (Persero) or Indonesia Re have signed a ...
Pertamina, Indonesia Seeks to Double its Geothermal Capacity
PT Pertamina, Indonesia's state-owned energy firm, plans to double its geothermal capacity from 700 MW by 2027-2028. The plan, which aims to lessen the country's reliance on ...
Pertamina, Osaka Gas, JGC Holdings, and INPEX Sign Joint Study Agreement on Bio-methane Derived Clean Gas Project
PT PERTAMINA (Pertamina), Osaka Gas Co., Ltd. (Osaka Gas), JGC Holdings Corporation (JGC), and INPEX CORPORATION (INPEX) announced that they have entered into a joint study ...
Burger King Indonesia Partners with Food Companies for This Ramadan
In the season of Ramadan this year, Burger King Indonesia has collaborated with GoFood, a food delivery platform, to bring together F&B companies to facilitate bukber ...
Keppel O&M and Sembcorp Marine Decide to Merge
On April 27 Keppel Corporation Limited (Keppel) and Sembcorp Marine Ltd (Sembcorp Marine) entered into definitive agreements for the proposed combination of Keppel Offshore ...
Singapore’s Unemployment Rates go Back to Pre-Pandemic Levels
Unemployment rates for 2022 February in Singapore were around the quarterly average unemployment rates in 2018/2019. According to the 2021 Labour Market Report, the overall ...
Landmark with Berths for Green Ship Trials to be Built on Southern Waterfront
During Singapore’s Maritime Week in early April, the Maritime and Port Authority of Singapore (MPA) announced that a new 9,000 square meter integrated hub, named The Waves, ...
Enterprise Automation Platform, Workato, Launches Digital Automation Hub in Singapore
In April, enterprise automation platform company Workato announced the launch of Singapore’s first Digital Automation Hub to help enterprises use automation to transform ...
Sheng Siong to Open Up to Five Supermarkets Annually in Next Few Years
In a bourse filing in April, the Supermarket Operator, Sheng Siong, announced that it aims to open three to five stores annually in the next three to five years, expanding ...
Japanese Company Considers Collaboration for LNG Supply Chain in Thailand
Japanese LNG importer Jera has just concluded a memorandum of understanding (MoU) with Electricity Generating Public Company Limited (EGCO), a Thai power generation company, ...
Sanofi Begins Construction of Unique Evolutive Vaccine Facility in Asia
In April, Sanofi officially commenced its Evolutive Vaccine Facility (EVF), in the presence of Singapore’s Deputy Prime Minister and Coordinating Minister for Economic ...
New National Consortium in Singapore to Advance Clinical Research and Innovation
In April, Singapore’s Minister for Health Mr. Ong Ye Kung officially launched a new national consortium, the Consortium for Clinical Research and Innovation, Singapore ...
Rising Demand for Digital Asset Exchange Platform License in Thailand
Gulf Innova, the subsidiary of the Thai public company Gulf Energy Development, entered into an agreement with Binance Group to jointly study avenues for the development of ...
In Thailand Fashion Tops Ranking for Online Shopping Products
According to a recent survey by market research firm Nielsen, fashion products are the most popular online shopping items in Thailand. Other industries, such as grocery and ...
Thammasat University Collaborates for Thailand´s Medical Hub Scheme
Thailand's public research university, Thammasat, is collaborating with state and private players to create a 'Medical Valley' in Pattaya under the Eastern Economic Corridor ...
Singapore and New Zealand Synergize for Sustainable Aviation
Singapore’s Ministry of Transport (MOT) and the Civil Aviation Authority of Singapore (CAAS) today entered into an agreement on Sustainable Aviation with the New Zealand ...
Thailand Approves Enhanced Measures to Boost Electric Vehicles Sector
Thailand's Board of Investment (BOI) has approved fresh incentives for investments in the Electric Vehicles (EV) sector. This is in line with the Thai government’s policy to ...
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