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
Investment in Thailand Reaches 10-year Peak, Driven by Electronic Manufacturing and Data Center Projects
The Thailand Board of Investment (BOI) reported a 42% year-on-year increase in investment promotion applications in the first nine months of 2024, reaching a value of THB ...
Thailand Plans to Increase Solar Power Purchases from Households
Thailand’s energy authorities are exploring options to increase solar power purchases from households as part of efforts to boost clean energy adoption and support rooftop ...
Envicco Launches Plastic Waste Recovery and Recycling Project in Thailand
Envicco, a joint venture established by PTT Global Chemical, has initiated a plastic waste recovery and recycling project recognized for its potential to significantly reduce ...
Google to License AI Model for Detecting Diabetic Retinopathy in Thailand
Google has announced the licensing of its AI model for detecting diabetic retinopathy in Thailand, where the shortage of eye specialists limits access to essential screening ...
Italian Company Brings Advanced Monitoring Technologies to Thailand’s Railways
The Italian infrastructure monitoring leader Nplus, part of the Giordano Riello International (GRIG) group, has signed an agreement in Bangkok with Thailand’s Railway ...
Google Invests USD 1 Billion in Thailand, Building a Data Center and Supporting AI Growth
Google announced a USD 1 billion investment into Thailand’s digital infrastructure, focused on building its first Thai data center in Chonburi and expanding cloud ...
German Automotive Parts Manufacturing Company Expands Tire Plant in Thailand
German automotive parts manufacturing company Continental is expanding its tire plant in Rayong, Thailand, increasing production by three million units per year through a EUR ...
French Association Launches Promotional Campaign for French Apples in Thailand
Interfel, the French fresh fruit and vegetable association, is launching a new promotional campaign for French apples in Thailand in December 2024, following a year of ...
USD 20 Million Merger Forms Singapore’s Largest Plant Superfood Ecosystem
Future Food Foundry (3F), a UAE-based agri-food technology company, has invested over USD 20 million to merge NextGen Farms (NGF) and Sustenir Group, creating Singapore’s ...
Singapore Strengthens Maritime Defense with Commissioning of Invincible-Class Submarines
Singapore has officially commissioned its first two Invincible-class submarines, RSS Invincible and RSS Impeccable. This milestone marks a significant upgrade in the Republic ...
Singapore Attracts Strong FDI Amid Global Shifts
Singapore has continued to attract substantial foreign direct investment (FDI) amidst global corporate changes, with the Economic Development Board (EDB) securing SGD 5.4 ...
Singapore to Import 1.4 GW of Low-Carbon Electricity from Indonesia to Strengthen Energy Security
The Singapore government has granted conditional approvals to import 1.4 gigawatts (GW) of low-carbon electricity from two major solar power projects in Indonesia, supporting ...
Singapore Expands Newater Capacity to Meet Growing Water Demand
Singapore is increasing its Newater production capacity by 50 million gallons per day with the planned expansion of the Tuas Newater Factory. Announced by the national water ...
Qritive Joins Forces with Roche to Redefine Global Cancer Diagnostics with AI
Qritive, a digital pathology and AI company based in Singapore, has announced a strategic collaboration with Roche to advance cancer diagnostics by integrating its AI-powered ...
Singapore Unveils Smart Nation 2.0 with Focus on Growth, Community, and Trust
Singapore has launched Smart Nation 2.0, a renewed strategy to deepen digital transformation across society and secure its leadership in technological innovation. Since the ...
Singapore to Begin Construction of Changi Airport’s Terminal 5 in 2025
Singapore will commence construction on Changi Airport’s new Terminal 5 in the first half of 2025, marking a significant step in the city-state’s plans to enhance its ...
dsm-firmenich Boosts Innovation and Production with New Facilities in Singapore
dsm-firmenich has unveiled two new facilities in Singapore’s Tuas region, strengthening its innovation and manufacturing capabilities within the Asia-Pacific region. ...
FairPrice Group Expands Thai Food Offerings Through Partnership with Central Food Retail Group
FairPrice Group (FPG) has signed a partnership agreement with Thailand’s Central Food Retail Group (CFG) to expand the selection of Thai food products available in Singapore, ...
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