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

Japan Commits to Invest in Thailand’s EV Industry, Toyota Receives Inventive

Jun 2022 Thailand, Economy

During the visit of Japan's Prime Minister to Thailand, the two countries pledged closer economic cooperation, with Japan committing to an investment in the electrical ...

Companies in Thailand Invest in Biomass to Lower Energy Bills

Jun 2022 Thailand, Energy

Thailand is renewing the effort to adopt biomass as a leading energy source, with the aim of relieving companies from growing fossil fuel prices. The Southeast Asian ...

Schaeffler Expands its NTU Lab to Accelerate Research in Robotics, Mobility and Industry 4.0

Jun 2022 Singapore, ICT

In May, Global automotive and industrial supplier Schaeffler officially launched the Schaeffler Hub for Advanced Research (Share) at NTU, an expansion of its existing lab in ...

Daikin and SP Group to Form New Joint Venture to Build Singapore’s Largest Industrial District Cooling System

Jun 2022 Singapore, Infrastructure

In a press release by Singapore Power Group (SP Group), the company announced that it has formed a new Joint Venture with Daikin Singapore, with the aim of establishing ...

MiRXES Launches Southeast Asia’s First Industry 4.0 In-Vitro Diagnostic Manufacturing Facility

Jun 2022 Singapore, Healthcare, Manufacturing

MiRXES, a Singapore-headquartered biotechnology company that focuses on miRNA-powered cancer early detection tests, announced the opening of South East Asia’s first industry ...

Singapore to Launch Project 100K: Mapping DNAs to Identify New Ways to Prevent Diseases

Jun 2022 Singapore, Healthcare

In late May, the Singapore Government announced that it was embarking on a project to map the DNA and the complete set of genes of 100,000 Singaporeans, which could ...

Thailand to Develop Industrial Estate for South Korean Companies

Jun 2022 Thailand, Manufacturing

The Industrial Estate Authority of Thailand (IEAT) has just announced its intention to partner with South Korean companies in order to explore the possibility of establishing ...

Thailand’s Central Group to Build a USD 85 Million Mall in Pattaya

Jun 2022 Thailand, Retail/FMCG

Thai corporation's Central Group has just announced intentions to spend over USD 85 million in 2022 for the development of a new lifestyle retail mall at Wong Amat Beach in ...

Online Shopping Predicted to Plateau in the Short Term, With Growth to Lag Physical Retail Sales

Jun 2022 Singapore, Retail/FMCG

The growth of online shopping has been predicted by market watchers to flatten out, as Singapore's borders reopen and measures ease, allowing more shoppers to return to ...

Thailand Focuses on Medical Tourism and Smart Hospitals

Jun 2022 Thailand, Healthcare

The government of Thailand has announced its strategy to promote the country’s medical tourism and healthcare to attract foreign visitors in the post-Covid-19 era. In this ...

Thailand to Establish AI Engineering Institute

Jun 2022 Thailand, ICT

Six leading Thai universities have announced a cooperation with the Higher Education, Science, Research and Innovation Ministry, to open the Artificial Intelligence ...

PTT and THAI to Develop Cargo Services in Thailand

Jun 2022 Thailand, Infrastructure

The flag carrier airline of Thailand, Thai Airways International Public Company Limited (THAI), and Thai state-owned oil and gas company, PTT Public Company Limited, have ...

Kasikornbank Launches Green Loan for Solar Rooftop

Jun 2022 Thailand, Environment

The Thai Bank Kasikornbank (KBank), in partnership with Huawei Technologies, is embracing the growing sustainability trend in Thailand by launching its new green loan. The ...

Aboitiz Group’s Food Subsidiary, Pilmico Foods Corp., Eyes Presence in 300 Supermarkets

Jun 2022 Philippines, Retail/FMCG

Pilmico's retail brand, The Good Meat, targets to reach over 300 supermarket concessionaires and open more brick-and-mortar stores in 2022. This is in line with the goal of ...

Thailand and Japan to Boost Agri-food Trade

Jun 2022 Thailand, Agrifood

Japan has just inaugurated a trading platform designed to increase exports of Japanese F&B products to Thailand and further promote Japanese cuisine in the Southeast ...

Singapore to Host an International Effort for the World Bank

Jun 2022 Singapore, Environment

The World Bank has requested Singapore to anchor an international effort that aims to make the international trade in carbon credits more transparent and trustworthy. Given ...

Conditional Approval for Partnership Between Singaporean and Malaysian Airlines

Jun 2022 Malaysia, Singapore, Defense/Aerospace

A partnership agreement between Singapore Airlines (SIA) and Malaysia Airlines Berhad (MAB) was granted conditional approval by the Competition and Consumer Commission of ...

Growhub and FIPWA Together Create a Unique Food Center

Jun 2022 Singapore, Agrifood

Growhub, a Singapore-based one-stop farm-to-table solution for food traceability and data analysis, has signed a five-year lease with Food Innovation Precinct Western ...

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