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

Singaporean Specialist Helps Thai Retailer Build the Region’s First Metaverse Supermarket

Apr 2022 Thailand, Retail/FMCG

Singaporean cryptocurrency platform Zipmex has joined forces with Central Food Retail, the largest supermarket chain in Thailand, in order to launch a blockchain-powered ...

Menicon to Invest USD 153 million in its Largest Overseas Facility In Malaysia

Apr 2022 Malaysia, Manufacturing

Menicon Co Ltd, a Japanese manufacturer of contact lenses and lens care solutions aims to invest MYR 650 million (USD 153 million) in Malaysia to build its first daily ...

Singapore to Install Rainwater Harvesting Systems for 89 Public Housing Blocks from 2027

Apr 2022 Singapore, Environment

It has been recently announced that Singapore's Housing Development Board (HDB) will be installing its UrbanWater Harvesting System (UWHS) to harvest rainwater in existing ...

Singapore to Ramp Up Charging Infrastructure and Public Education on Electric Vehicles

Apr 2022 Singapore, Environment, Infrastructure

With the aim of transitioning to the use of Electric Vehicles (EV) in Singapore, the Land Transport Authority has announced its plans to accelerate the expansion of the EV ...

APRIL Group Invests in Indonesia with a New Sustainable Paperboard Packaging Mill

Apr 2022 Indonesia, Manufacturing

Asia Pacific Resources International Limited (APRIL Group), a leading manufacturer of sustainable fibers and products, has announced plans to expand its downstream product ...

Vietnam and France Eye Cooperation in Agriculture

Apr 2022 Vietnam, Agrifood

During the Paris Salon International de l'Agriculture (SIA) held in March 2022, the Vietnamese Ambassador to France emphasized the potential for long-term development and ...

US Aerospace Company Venturing into the Vietnamese Luxury Aircraft Market

Apr 2022 Vietnam, Defense/Aerospace

American aircraft company Gulfstream Aerospace just announced that it has appointed Vietnam-based luxury business aviation service company Sun Air as the authorized ...

Vietnam’s New Law on Environmental Protection Creates Market Opportunities

Apr 2022 Vietnam, Environment

The 2020 Law on Environmental Protection entered into effect in January 2022, institutionalizing new policies related to environmental protection. It gradually harmonizes ...

Japanese Telecom Expands Data Center Services to Ho Chi Minh City

Apr 2022 Vietnam, ICT

Japanese telecommunications company NTT, which operates data centers in over 20 countries, has announced that it is expanding its services to Ho Chi Minh City. The ...

New Luxury Mall to be Built in Indonesia

Apr 2022 Indonesia, Retail/FMCG

Investment holding company Tuan Sing Holdings Limited and real estate specialist Mitsubishi Estate Co., Ltd. (MEC) are teaming up to develop an international luxury outlet ...

Vietnam and US to Tighten Bilateral Relations in Trade and Investment

Apr 2022 Vietnam, Economy

Vietnamese government officials recently held a meeting with a delegation from the US-ASEAN Business Council (USABC) and representatives from 28 leading US corporations in ...

Singapore Introduces Supercomputer for Medical Research

Apr 2022 Singapore, Healthcare

Singapore's National Supercomputing Centre (NSCC), SingHealth, and American chipmaker Nvidia have just announced the co-development of a supercomputer that will speed up ...

The Philippines Collaborates with Israel on Dairy Sector

Apr 2022 Philippines, Agrifood

The Embassy of Israel in the Philippines and the Israel Economic Commercial Mission to the Philippines commenced a partnership with the Philippines' Department of Agriculture ...

Malaysia’s Renewable Energy Target – 40% by 2035

Apr 2022 Malaysia, Energy, Environment

Malaysia’s Energy and Natural Resources Ministry has doubled the country’s green energy or Renewable Energy (RE) generation target to 18,000 megawatts (MW) by 2035, up from ...

Thailand’s Largest Cement Maker Focuses on Green Manufacturing

Apr 2022 Thailand, Environment, Manufacturing

Siam Cement Group (SCG) is refocusing its operations on green manufacturing. Specifically, it has been recently reported that Thailand's largest cement maker and industrial ...

Singapore Economy 2030 Plan is to Grow Trade, Services and Enterprises by USD 1 trillion

Apr 2022 Singapore, Economy

The Singapore government has unveiled a new plan to strengthen local businesses in various sectors, with an aim to significantly grow the export value from SGD 805 billion ...

Livingstone Health to Partner with Vietnam to Develop Hospital Capabilities

Apr 2022 Vietnam, Healthcare

Health Holding Livingstone, a Singapore-based multidisciplinary healthcare group, has recently partnered with the National Phytopharma Joint Stock Company and Truth Assets ...

KATC and GMI AERO SAS France to Build Aviation Repair Facility in Sabah

Apr 2022 Malaysia, Defense/Aerospace

KKIP Aerospace Training Centre (KATC), a subsidiary of Sabah's industrial park KKIP Sdn. Bhd. will construct a licensed composite repair facility in Sabah and Asia for GMI ...

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