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

Siam Commercial Bank Implements Blockchain Solution for Cross-Border Payments

May 2020 Thailand, ICT

Siam Commercial Bank (SCB), one of Thailand's largest banks by assets, has revealed the formation of a partnership with Ripple which provides an enterprise blockchain ...

New Thai Low Cost Airlines Selects Triumph for Boeing 737 Wheels Service

May 2020 Thailand, Defense/Aerospace

Triumph Group has announced that Triumph Aviation Services-Asia Ltd (TASA) has been awarded a contract by Thai Summer Airways Co, Ltd to provide maintenance and repair ...

China Energy Engineering to Build 90-MW Solar Farm in Thailand

May 2020 Thailand, Energy

In April 2020, a unit of China Energy Engineering Corp (CEEC), China Gezhouba Group International Engineering Co Ltd, signed a contract worth around USD 500 million to design ...

BOI Takes Steps to Accelerate Medical Sector Investment and Ease COVID-19 Impact

May 2020 Thailand, Manufacturing

In April 2020, Thailand's Board of Investment of Thailand (BOI) approved a series of measures aimed at mitigating the impact of the coronavirus or COVID-19 outbreak on ...

American Company Delivers Shredders to Industrial Waste-Power Plant in Thailand

May 2020 Thailand, Environment

SSI Shredding Systems, based in Oregon, US, has delivered three shredders to Thai enterprise SCG Cement-Building Products Co Ltd, which will use the machines for its fuel ...

Singapore’s Last Mile Logistics Firm Ninja Van Raises USD 279 Million amid COVID-19

May 2020 Singapore, Retail/FMCG

Singapore-based Ninja Van recently became one of South East Asia's best funded startups when it raised USD 279 million in Series D funding round amid COVID-19. Launched in ...

Singapore-based startup ABM Respiratory Care Designs IoT-enabled Tele-Ventilator

May 2020 Singapore, Healthcare

The COVID-19 pandemic has highlighted not only a shortage of ventilators but also an enormous strain on healthcare professionals managing many ventilators at once. Medtech ...

Singapore Awards 5G Spectrum and Aims for Nationwide 5G Coverage by 2025

May 2020 Singapore, ICT

Singapore's Infocomm Media Development Authority (IMDA) recently named Singtel Mobile Singapore Pte Ltd (Singtel) and the Joint-Venture Consortium (JVCo) formed by StarHub ...

Singapore Appoints GS Engineering to Construct Integrated Train Testing Center

May 2020 Singapore, Infrastructure

Singapore's Land Transport Authority (LTA) has awarded a SGD 639.5 million contract for the design and construction of an Integrated Train Testing Center (ITTC) to GS ...

Plant-Based Meat Alternative Producer to Set Up Manufacturing Center in Singapore

May 2020 Singapore, Manufacturing

Growthwell Group, a Singaporean producer of plant-based meat alternatives, has secured USD 8 million in a funding round led by Singapore's sovereign wealth fund, Temasek to ...

UK’s THG Group Partners Singapore Airlines to Charter 100+ Flights

May 2020 Singapore, Defense/Aerospace

THG, the British online retailer, plans to charter more than 100 flights in cooperation with Singapore Airlines, taking distribution into its own hands instead of relying on ...

Singapore’s RWDC Raises USD133 Million to Produce Biodegradable Plastic Substitute

May 2020 Singapore, Environment

RWDC Industries Limited, a Singapore-based biotech start-up, successfully closed a USD 133 million two-stage Series B funding round. RWDC will use the funding to meet the ...

Singapore’s EMA and Keppel O&M Launch Grant Call for Energy Solutions in Marine Sector

May 2020 Singapore, Energy

Singapore’s Energy Market Authority (EMA) and Keppel Offshore & Marine (Keppel O&M) have forged a SGD 10 million (USD 7 million) partnership to develop innovative ...

Singapore, Australia, Canada, South Korea, New Zealand Commit to Facilitating Cross-Border Flows

May 2020 Singapore, Economy

On 1 May 2020, the Trade Ministers of Singapore, Australia, Canada, South Korea, and New Zealand held a video conference session, followed by the Joint Ministerial Statement ...

US Approves Two Possible Attack Helicopter Sales Packages for Philippines

May 2020 Philippines, Defense/Aerospace

The US State Department has notified the US congress that two possible sales of attack helicopters to the Philippines through Foreign Military Sales (FMS) were approved. The ...

Top Philippine Export Abaca in High Demand for Use as PPE Material

May 2020 Philippines, Manufacturing

A raw material sourced from a type of banana plant, Musa textilis, is now in high demand due to the global shortage of one of the most important tools against the coronavirus ...

Project to Generate Energy from Food Waste Project Obtains Japanese Funding

May 2020 Philippines, Environment

METPower Venture Partners Holdings, Inc, a waste-to-energy venture of Metro Pacific Investments Corp (MPIC) with Dole Philippines, Inc was recognized as a joint crediting ...

Department of Science and Technology Proposes Creation of Virology Institute in Philippines

May 2020 Philippines, Healthcare

The Department of Science and Technology (DOST) in the Philippines announced that it has submitted a proposal for a creation of virology institute in the Philippines. The ...

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