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

Thailand’s Biggest Retailer to Invest USD 3 Billion in Business Expansion

Mar 2022 Thailand, Retail/FMCG

Central Retail Corporation, Thailand's biggest retailer, recently revealed plans to invest THB 100 billion (USD 3 billion) over the next five years to expand its retail ...

Vietnam to Develop Its Seaports Systems for 2021-2030 with a Vision to 2050

Mar 2022 Vietnam, Infrastructure

According to a Prime Minister's resolution approving the national seaport plan for 2021-2030 with a vision to 2050, Vietnam's seaports are classified into different groups ...

Vietnamese Conglomerate Kicks Off the Largest Genome Database

Mar 2022 Vietnam, Healthcare

Over 1,000 Vietnamese will have their genomes analyzed and compiled into a gene database to use for genetic research and practices for the first time in Vietnam. The project ...

Vietnam to Develop Sustainable Agriculture

Mar 2022 Vietnam, Agrifood

According to the Ministry of Agriculture and Rural Development, Vietnam has targeted to modernize and transform the country's agriculture by 2030. Accordingly, the sector is ...

UK Firm Systems Engineering & Assessment to Supply Torpedo Launchers for Philippine Navy Corvettes

Mar 2022 Philippines, Defense/Aerospace

Systems Engineering & Assessment (SEA) have been appointed to supply its Torpedo Launcher System (TLS) to Hyundai Heavy Industries (HHI) for two new Philippine Navy ...

Turkish Aerospace, Malaysia to Boost Manufacturing Capability Through Trainings, Transfer Technologies

Mar 2022 Malaysia, Defense/Aerospace

Turkish Aerospace Industries (TAI Inc) plans to train Malaysian engineers at its facility in Ankara for two months, following the opening of TAI Inc's engineering and design ...

The Medical City Partners with AIA Philippines to Provide Enhanced Cancer Care Treatment and Prevention

Mar 2022 Philippines, Healthcare

Insurance company AIA Philippines has partnered with The Medical City (TMC) through its Cancer Institute and corporate foundation, Akbay Ginhawa Foundation, Inc., to make ...

United Microelectronics Corporation to Build New Wafer Fab Plant in Singapore

Mar 2022 Singapore, Manufacturing

United Microelectronics Corporation (UMC), a global semiconductor foundry, announced that it would be building a new USD 5 billion advanced manufacturing facility next to its ...

US Companies Accelerate Digital Transformation in Thailand

Mar 2022 Thailand, Infrastructure

The US Trade and Development Agency (USTDA) recently highlighted its commitment to supporting next-generation Wi-Fi and connectivity in Thailand. Working in partnership with ...

Thales to Provide Digital Communications and Technological Supervision to Metro Manila’s First Underground Subway

Mar 2022 Philippines, ICT, Infrastructure

The Metro Manila Subway is one of the Philippines’ largest infrastructure projects aimed at creating an efficient rail system in the world’s most densely populated city. As ...

Thailand Witnesses Booming Investment in Several Sectors, Approves New Bio-economy Incentives

Mar 2022 Thailand, Economy

Thailand's Board of Investment (BOI) has recently revealed that the total number investment applications received in 2021 rose by close to 60% boosted by foreign investment ...

Thailand to Issue Guidelines for Digital Banks

Mar 2022 Thailand, ICT

Thailand is preparing rules for the setting up of virtual banks, joining peers in the region such as Singapore and Malaysia in promoting financial technology to enhance ...

Thailand Releases New Incentives for Electric Vehicles

Mar 2022 Thailand, Manufacturing

The government of Thailand has recently approved a new set of incentives targeting the electric vehicles (EVs) sector, including lower excise tax and import duties on auto ...

Thailand Launches its First Virtual Healthcare Center

Mar 2022 Thailand, Healthcare

Thai hospital Meta Med is collaborating with Synphaet Hospital and Metaverse Thailand to launch a new alternative center for medicine, the first of its kind in Thailand. The ...

Thailand Greenlights its First International Air Show

Mar 2022 Thailand, Defense/Aerospace

The Thai government has just approved plans for Thailand’s first international air show, which will be held in 2027 at the U-Tapao International Airport in Rayong, located in ...

Thai Utility Launches Tender for Project Combining Hydro, Floating PV and Storage

Mar 2022 Thailand, Energy

Thailand's state-owned utility Electricity Generating Authority of Thailand (EGAT) has recently issued a tender for the construction of a hybrid power combining hydro, ...

N²RTU Offers Personalized Nutrition Approach to Growing Obesity Issues in Malaysia

Mar 2022 Malaysia, Healthcare

The Nutrigenetics and Nutrigenomics Research and Training Unit (N²RTU) has been launched in Malaysia, specializing in knowledge and technology transfer in the field of ...

More Green Energy, Zero Carbon Investments into Malaysia

Mar 2022 Malaysia, Energy

The Malaysian government is working on a framework to meet its 2050 net-zero emissions goal which includes exploring a voluntary carbon market, carbon pricing mechanisms such ...

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