Microsoft, Google and Other American Giants Investing in Indonesia’s E-commerce

Astral Asia Bhd to Venture into FMCG E-Commerce

Malaysia-based Astral Asia Bhd (AAB) is planning to diversify its core businesses to include e-commerce, focussing on fast-moving consumer goods (FMCG).  The new e-commerce business is expected to launch in December 2020, supported by an estimated total initial...
Sun Care Products Drive Personal Care Sector in the Philippines

Sun Care Products Drive Personal Care Sector in the Philippines

Data analytics company GlobalData has reported that the rise in demand for suncare products will drive the Philippines’ personal care sector, which is projected to record a compound annual growth rate (CAGR) of 4.8% to grow from USD 3.63 billion in 2019 to USD...
New Trends Gain Traction among Thai Food Producers

New Trends Gain Traction among Thai Food Producers

Consumers in South East Asia have become more concerned with maintaining healthy lifestyles and with food safety, and are seeking alternatives to traditional foods, a trend which has been reinforced during the Covid-19 Pandemic. This has led to an increased focus on...
Sun Care Products Drive Personal Care Sector in the Philippines

Japanese Cosmetics Company Launches First Store in Ho Chi Minh City

Japanese cosmetics and drugs retailer Matsumoto Kiyoshi recently opened its first store in downtown Ho Chi Minh City, covering 274 square meters and featuring over 6,000 items of functional foods and beauty products. There are several products available exclusively at...
Singapore Food Agency to Develop High-Tech Agri-Food Cluster

Singapore Food Agency to Develop High-Tech Agri-Food Cluster

To ramp up local food production, the Singapore Food Agency (SFA) announced that the Lim Chu Kang area, a largely undeveloped area in north-west Singapore, will be developed into a high-tech, highly productive, and resource-efficient agri-food cluster. The master...
Thai E-Commerce Logistics Firm Raises USD 200 Million

Thai E-Commerce Logistics Firm Raises USD 200 Million

Thailand-based full-service e-commerce logistics provider Flash Express announced that it has completed a Series D funding round of USD 200 million, led by PTT Oil and Retail Business Public Company Limited with participation from Durbell and Krungsri Finnovate. Flash...
AQI Participates in Vietnam’s Bespoke Lifestyle Industries

AQI Participates in Vietnam’s Bespoke Lifestyle Industries

Aquarius International Development (AQI), a company specializing in high-end travel experiences and owned by the Norcal Venture Capital Group, will invest USD 250 million into its expansion across the South East Asian region. The investment will encompass luxury...
HDC to Expand Overseas to Boost Halal Industry

HDC to Expand Overseas to Boost Halal Industry

The Halal Development Corporation (HDC), Malaysia’s federal government halal promotion agency, plans to expand its operations in the next five years to Japan, Korea, Taiwan, and China. The East Asian countries were identified as HDC’s potential markets due to the high...
Indonesia to Develop New Plantations in Borneo

Indonesia to Develop New Plantations in Borneo

The Indonesian government plans to expand a national “food estate” program centered in Borneo, by establishing millions of hectares of new crop plantations. The program’s aim is to help secure domestic food supplies and decrease Indonesia’s reliance on food...
PHILMech Starts Bidding of Farm Machines Valued at PHP 3 Billion

PHILMech Starts Bidding of Farm Machines Valued at PHP 3 Billion

The Philippine Center for Postharvest Development and Mechanization (PHilMech) announced that it is in the process of bidding and acquiring farm machines worth PHP 3 billion (USD 61.9 million) under the Rice Competitiveness Enhancement Fund (RCEF) which collects...