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
Nielsen Reports Positive FMCG Sales Growth in Vietnam
According to a recent Nielsen study named “What’s Next for South-East Asia”, Southeast Asian convenience stores recorded an 8.3% FMCG sales growth last year, with Vietnam ...
New Initiative to Address Rising Incidence of Non-Communicable Diseases in Vietnam
The Medical Services Administration (MSA) under the health ministry of Vietnam and the French pharmaceutical company Servier Vietnam signed an agreement on 18 June to ...
Amended Law to Facilitate Taxation of E-Commerce Activities in Vietnam
An amended law for improving taxation on e-commerce activities in Vietnam passed on June 13 will come into effect on July 1, 2020. Successful implementation would require ...
Thailand Launches Net Metering Scheme for Residential PV
In May 2019 Thai metropolitan and provincial electricity authorities commenced a net metering scheme for residential PV installations with a generation capacity of up to 10 ...
Thai Ministry of Digital Economy and Society Launches Government Cloud Service
Thailand's Ministry of Digital Economy and Society (MDES), together with CAT Telecom, kickstarted a new Government Data Center and Cloud Service (GDCC) project, aiming to ...
Thai Board of Investment Targets Relocations from China
The Thai Board of Investment (BoI) announced that it will set up a special task force in order to facilitate investment from Japan and China, as these countries are expected ...
Tesco Lotus and Central Retail Commit to Reduce Plastic Use
On Environment Day, 5 June, Tesco Lotus and Central Group, two of the largest retail chains in Thailand, announced new measures to strengthen their commitment to reducing ...
Motorcycle Production in Thailand Expected to Increase by up to 4% in 2019
A recent report from Krungsri Research estimates that Thai motorcycle production will increase by 2-4% to 2.10-2.15 million units in 2019, thanks to increasing demand coming ...
Mandatory Health Insurance for Long-Stay Foreigners in Thailand
Thai authorities are in the process of preparing guidelines for new rules requiring foreigners aged 50 and above living in Thailand to buy health insurance from July onwards. ...
Korea Aerospace Industries Signs Deal with Thai Air Force
In May 2019, Korea Aerospace Industries (KAI) announced that it was awarded a USD 52 million contract to upgrade the Royal Thai Air Force’s (RTAF) fleet of T-50TH Golden ...
Hitachi Launches Vehicle Sharing Service for Thailand’s Logistic Sector
In May 2019 it was announced that Hitachi Asia (Thailand) and Hitachi Transport System Vantec (Thailand) will roll out a vehicle sharing service from June 2019 in Thailand. ...
Fraser and Neave Acquires Starbucks Thailand
Fraser and Neave (F&N), a Singapore-headquartered conglomerate with interests in food and beverage and real estate, bought the Starbucks Thailand coffee chain which has more ...
ST Engineering announces Joint MRO Venture with Vietnam Airlines
The Aerospace division of Singapore Technologies Engineering (ST Engineering) and Vietnam Airlines Engineering Company (VAECO) have incorporated a new joint venture. JVCo, or ...
Soon to Reopen Funan Mall to Use Innovative Retail Technology
Singapore’s Funan Mall, being built on the site of the former IT-focused Funan Digital Life Mall, is set to open ahead of schedule after a three year redevelopment phase. The ...
Singapore Tops Global Economic Competitiveness Ranking
Singapore has been ranked as the world’s most competitive economy for the first time since 2010, in a yearly ranking of 63 countries by the IMD World Competitiveness Centre, ...
Singapore Government to Award ICT Contracts Worth SGD 2.5-2.7 Billion During FY19
During FY19 (April 2019 – March 2020), the Singapore government expects to award ICT contracts worth SGD 2.5 -2.7 billion (USD 1.83 billion - 2.05 billion). Small and Medium ...
NTU and NEA Launch New Waste-to-Energy Research Facility
Nanyang Technological University (NTU) and the National Environment Agency (NEA) of Singapore launched a new research facility that turns waste from the NTU campus into ...
Kimberly-Clark Invests SGD 25 million in Tuas Plant
Signaling its third investment in four years, Kimberly-Clark announced a new investment of SGD 25 million (USD 18.3 million) in its factory in Tuas, Singapore, which aims ...
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