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
Plant-based Egg Substitute Producer Expands in Singapore
Eat Just, a plant-based egg substitute producer, has announced a partnership with an investment consortium, led by Proterra Investment Partners Asia, to launch a new ...
Japanese firm, Yokowo, chooses Philippines as Site for Wiring Harness Manufacturing Venture
Japanese company Yokowo Co Ltd has set up its automotive wiring harness and components manufacturing facility in the Philippines after a year-long due diligence process in ...
Western Digital Pledges MYR 2.3 Billion in Investment in Malaysia
The hard disk drive manufacturer Western Digital has committed to increasing its investments in Malaysia by MYR 2.3 billion (USD 566.3 million) to boost its production ...
Indonesia to Develop Nickel Supply Chain for Batteries and Electric Vehicles
Indonesia is moving toward building an industry to supply nickel for batteries and electric vehicles (EV). Crucially, the country has already banned the export of nickel ore, ...
Vietnam to Start Construction for Long Thanh International Airport
The Airports Corporation of Vietnam (ACV) commenced construction work for the new Long Thanh International Airport in December 2020. This is an airport development project ...
Smart Cities Considered in Eastern Economic Corridor
As of October 2020, Thailand has welcomed 277 investment projects in its Eastern Economic Corridor (EEC), a development project that aims to transform the country’s eastern ...
Renewed Partnership between Maritime and Port Authority of Singapore and American Bureau of Shipping
The Maritime and Port Authority of Singapore (MPA) signed a memorandum of understanding (MOU) with the American Bureau of Shipping (ABS) to renew their maritime partnership ...
Bataan-Cavite Mega Bridge Design Contract Won by T.Y. Lin International and Pyunghwa Engineering
The Department of Public Works and Highways (DPWH) has awarded the engineering design contract for the Bataan-Cavite Interlink Bridge Project to a joint venture between T.Y. ...
Miri Hospital in Sarawak’s Northern Region Gets Infrastructure Support
The Gabungan Parti Sarawak (GPS) state government in north Sarawak is committed to improving its physical and digital infrastructure to transform Miri Hospital into the ...
Indonesia to Expand Lombok International Airport
As part of the Indonesian government’s effort to enhance tourism, the country looks to expand the airport of Lombok: Zainuddin Abdul Madjid International. The project is ...
Vietnam’s Major Bank OCB Joins RippleNet to Enhance Cross-Border Payments
Orient Commercial Joint Stock Bank (OCB), a major Vietnamese bank with assets worth USD 4.6 billion, has recently joined RippleNet, a network of institutional ...
Line Integrates Banking Services into Messaging App in Thailand
Line, a messaging app first launched in Japan by Line Corporation, has introduced integrated banking services in Thailand, allowing its 47 million Thai users to transfer ...
Stronger Ties between Singapore and Germany to Boost Digital Transformation
A series of initiatives have been signed between Singapore and Germany to create more opportunities for both countries to work together and accelerate their digital ...
Converge ICT Solutions Completes Philippines’ 2nd Largest IPO
Converge ICT Solutions, an emerging fiber internet service provider, which is minority owned by US private equity firm Warburg Pincus, has just completed the Philippines’ ...
Malaysia to Foster Public-Private Sector Cooperation towards Digitalization
In a recent interview, Malaysia's Prime Minister Tan Sri Muhyiddin Yassin has emphasized the importance of public-private cooperation towards digitalization. The Malaysian ...
Logiq Partners with KMSB to Provide Mobile Fintech Services
Logiq, a US-based leading global provider of eCommerce and fintech solutions, has entered into an exclusive strategic alliance with Koperasi Mona Santoso Berjaya (KMSB), ...
Major Solar Power Projects Kickstarting in Phu Yen and Ninh Thuan Provinces
The Asian Development Bank (ADB) and Phu Yen TTP Joint Stock Company (Phu Yen JSC) recently signed a USD 186 million loan to develop and operate a 257 MW solar power plant in ...
UK and Thailand Collaborate to Create Smart Cities
The UK and Thailand have partnered together to launch the “Smart City Handbook”, an initiative between both countries to create smarter cities through urban planning and the ...
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