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

Can Tho City to Burn 3,000 Tonnes of Waste to Create Energy on Trial Basis

Aug 2019 Vietnam, Environment

About 3,000 tonnes of waste, which is supposed to be buried at Co Do District’s dumping sites in Can Tho City, will be burned to produce Energy on a trial basis with the ...

American Firms Investing in Danang’s Hi-tech Park and Information Technology Park

Aug 2019 Vietnam, Economy

Danang city in central Vietnam has been receiving increasing attention from American companies for investment in the city's Hi-tech Park and Information Technology Park. In ...

Thailand Moving Ahead with THB 880 Billion Infrastructure Projects

Aug 2019 Thailand, Infrastructure

The Thai Transport Minister is moving ahead with the mega-Infrastructure investment projects that were commenced by the previous government and are worth a combined THB 880 ...

Thai-EU Free Trade Talks Set to Resume

Aug 2019 Thailand, Economy

Thailand and the European Union (EU) are resuming talks for a free-trade agreement (FTA). In July 2019, the Deputy Prime Minister and Commerce Minister of Thailand announced ...

SCG and Ciel & Terre Sign MoU for Floating Solar Projects

Aug 2019 Thailand, Environment

In July 2019 SCG Chemicals and French company Ciel & Terre signed a memorandum of understanding (MoU) to develop floating solar system for hydro dams in Thailand. SCG ...

PTT Global Chemical Set to Produce Recycled Plastic Pellets

Aug 2019 Thailand, Manufacturing

In July 2019 it was announced that PTT Global Chemical (PTTGC) is planning to develop a Manufacturing facility for recycled plastic pellets. The plant will be a joint venture ...

P2P Power Model Being Planned for Rural Areas in Thailand

Aug 2019 Thailand, Energy

The Energy Ministry of Thailand has revealed plans to promote a peer-to-peer (P2P) power trading model for private companies. The goal is to decentralize the country's power ...

Line to Launch Online Grocery Service in Thailand

Aug 2019 Thailand, Retail/FMCG

Japan-based chat app operator Line has announced that the company will launch an online grocery service in Thailand by the end of 2019. The service, called Line Man Grocery, ...

Bangkok’s First Hospital for Elderly to Open by Late 2019

Aug 2019 Thailand, Healthcare

The first city-run hospital for the elderly is scheduled to open by late 2019 in Bangkok in Bang Khunthian district, aiming at treating the increasing number of old people in ...

AirAsia’s Logistics Platform and Triple I Logistics Sign Mou for Thailand JV

Aug 2019 Thailand, Defense/Aerospace

In July 2019, Teleport, the digital cargo and logistics platform of AirAsia, and Triple i Logistics, a logistics integrator with 27 years of experience in the international ...

AI Helps Facebook to Map Nearly 500,000 Km of Thai Roads

Aug 2019 Thailand, ICT

In July 2019 it was revealed that Facebook mapped 300,000 miles (487,000 km) of previously unmapped roads in Thailand by using artificial intelligence (AI), making the ...

Singapore’s Home Affairs Ministry Setting up New Science and Technology Agency

Aug 2019 Singapore, Defense/Aerospace

The Ministry of Home Affairs (MHA) in Singapore introduced the Home Team Science and Technology Agency Bill for first reading in Parliament on 8 July, 2019. MHA plans to ...

Singapore-Headquartered Retail Analytics Firm Raises USD 100 Million

Aug 2019 Singapore, Retail/FMCG

Singapore-headquartered Trax, a provider of computer vision and analytics solutions for retail, announced the successful closure of a USD 100 million Series D investment ...

Singapore-Based AgTech Startup to Set up Commercial Insect Protein Facility

Aug 2019 Singapore, Manufacturing

Singapore-based agriculture technology startup, Nutrition Technologies, raised a series A funding round in July 2019. The round was led by venture capital (VC) ...

Singapore to Invest SGD 400 Million for Upgrading Drains Over Next 2 Years

Aug 2019 Singapore, Environment

Singapore's Minister for the Environment and Water Resources, Mr Masagos Zulkifli, announced on 17 July, 2019, that the Singapore government will spend SGD 400 million (USD ...

Sandbox Express Launched in Singapore for Lower Risk Fintech Activities

Aug 2019 Singapore, ICT

On 7 August 2019, the Monetary Authority of Singapore (MAS) launched Sandbox Express to provide financial technology firms with a faster option to test innovative financial ...

Project Proposed to Supply 20% of Singapore’s Energy Needs from Solar Farm in Australia

Aug 2019 Singapore, Energy

Sun Cable, a company based out of Singapore and Australia, is proposing to produce approximately a fifth of Singapore's electricity through solar power, sourced from the ...

PPG Industries setting up Aerospace Coatings Application Support Center in Singapore