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

SIA Engineering Company Signs MoU to Discuss Potential Acquisition of SR Technics Malaysia

Mar 2021 Malaysia, Defense/Aerospace

Singapore-based MRO specialist SIA Engineering (SIAEC) has signed a preliminary agreement with SR Technics Switzerland to acquire SRT Malaysia, the latter’s local subsidiary ...

Philippines Signs Agreement with India for World’s Fastest Supersonic Missiles

Mar 2021 Philippines, Defense/Aerospace

The Philippines and India inked an agreement for the export of military equipment by India into the Philippines. The agreement will serve as guidelines for the policies ...

Indonesia Deliberating the Purchase of Submarines from Germany

Mar 2021 Indonesia, Defense/Aerospace

The Indonesian Ministry of State-Owned Enterprises and the Ministry of Defense (MoD) is in discussion with German shipbuilder Thyssen-Krupp Marine Systems (TKMS) to ...

Nestlé Partners with Kyochon To Roll-Out Meat-Free Menu in Malaysia

Mar 2021 Malaysia, Agrifood

World’s largest food and beverage manufacturer, Nestlé has partnered with South Korea’s leading fried chicken brand, KyoChon to introduce a meat-free menu via its all-new ...

Vietnam Enhances Agrifood Sector Competitiveness

Mar 2021 Vietnam, Agrifood

Vietnam's agricultural products are benefiting from the country's increasing integration into global value chains. However, industry experts highlight how the sector has yet ...

Tobacco Authority and Private Players Pushing for Commercialization of Cannabis and Hemp

Mar 2021 Thailand, Agrifood

According to the governor of the Tobacco Authority of Thailand (TOAT), the business value of cannabis and hemp could reach THB 10 billion ten (USD 315 million), which can ...

Three Government Agencies Collaborate on Agri Cold Storage Facility Program

Mar 2021 Philippines, Agrifood

The Departments of Agriculture (DA), Transportation (DOTr), and Energy (DOE) joined forces to provide farming and fishing communities in the Philippines access to ...

New SGD 60 Million Fund to Support Transformation and Growth of Agri-Food Sector

Mar 2021 Singapore, Agrifood

The Singapore Food Agency (SFA) is establishing an SGD 60 million (USD 44.7 million) Agri-Food Cluster Transformation (ACT) Fund to support the transformation of the ...

Ministry of Agriculture Inks MoU with Microsoft for Digital Solutions

Mar 2021 Indonesia, Agrifood

The Indonesian Ministry of Agriculture recently signed an agreement with Microsoft to provide smallholder farmers with technology-oriented solutions such as cloud-based ...

Flores Island Water Management System to be Upgraded

Feb 2021 Indonesia, Environment

The Indonesian Ministry of Public Housing, in collaboration with the Korean Ministry of Environment, has launched a pilot project to upgrade the Flores Island water ...

Vinamilk’s Dairy Exports to China Take Off

Feb 2021 Vietnam, Retail/FMCG

Vietnamese dairy giant Vinamilk successfully exported ten containers of high-quality plant-based milk during the opening weeks of 2021, including almond and red bean soymilk, ...

Thailand Achieves Over USD 16 billion in Local and Foreign Investment in 2020

Feb 2021 Thailand, Retail/FMCG

The Thailand Board of Investment (BOI) has revealed that in 2020 the country received a total of 1,717 applications from both local and foreign investors, representing a ...

Regional O+O Partnership Launched by Grab and AS Watson

Feb 2021 Singapore, Retail/FMCG

Grab, South East Asia's largest mobile technology company, and AS Watson, the world's largest international health and beauty retailer, will collaborate across multiple ...

Indonesia’s Food Delivery Market Ranks First in the Region

Feb 2021 Indonesia, Retail/FMCG

In 2020, Indonesia’s food delivery service accounted for USD 3.7 billion in Gross Merchandise Value (GMV), making it the largest market in the region. Overall, the region’s ...

IKEA to Open its Largest Store in the World in Manila by Q3/Q4 2021

Feb 2021 Philippines, Retail/FMCG

Swedish furniture giant IKEA is on track to open its largest store in the world in Manila in the 3rd or 4th quarter of 2021. Towards the end of February 2021, it had already ...

FGV Introduces New Plant-Based Industrial Products to Expand its Brand in Asia Pacific

Feb 2021 Malaysia, Retail/FMCG

FGV Holdings Berhad (FGV), Malaysia’s plantation and food conglomerate through its subsidiary firm Delima Oil Products Sdn Bhd (DOPSB) is planning to expand its downstream ...

Sunway Medical Center Introduces Telemedicine Command Center

Feb 2021 Malaysia, Healthcare

Sunway Medical Centre, a leading private tertiary hospital in Malaysia has officially established a Command Center for Telemedicine Services which will serve as the focal ...

Singapore-based Thomson X Enters Strategic Partnership with Eye Healthtech Startup Plano

Feb 2021 Singapore, Healthcare

Thomson X, a wholly-owned subsidiary of the Thomson Medical Group (TMG), entered into a strategic partnership with Singapore-based healthtech startup Plano. The partnership ...

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