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
Italian Company to Supply Royal Thai Air Force with Air Defense Radar System
At the Defense & Security Exhibition in Bangkok, Italian company Leonardo announced a contract to supply the Royal Thai Air Force with a RAT 31DL air defense radar ...
Thailand to Attract Foreign Investment by Easing Long-Term Visa Rules
Thailand has introduced updates to its long-term resident visa program to attract foreign experts, investors, and executives, aiming to enhance the country’s talent pool and ...
Mitsubishi Power Completes Natural Gas-Fired Turbine Combined Cycle Power Plant in Thailand
Mitsubishi Power, a power solutions brand under Mitsubishi Heavy Industries, has completed the 1.4GW Hin Kong natural gas-fired turbine combined cycle (GTCC) power plant in ...
Thailand Starts Sustainable Jet Fuel Production
PTT Global Chemical (PTTGC) has commenced production of sustainable aviation fuel (SAF) in Thailand for the first time. The initial phase targets an annual output of six ...
Pharmaceutical Specialist Launches Capsule Manufacturing Facility in Thailand
ACG, a provider of integrated manufacturing solutions for the pharmaceutical and nutraceutical industries, has commenced operations at its capsule manufacturing facility in ...
British Company Advances Thailand’s AI Tourism Safety Initiative
Gorilla Technology, a British company specializing in video intelligence and IoT technology, has entered the design and development phase of its initiative to establish ...
Thailand Reveals Plans for Klongtoey Smart Port Development
The Port Authority of Thailand (PAT) has announced plans to transform Bangkok’s Klongtoey Port into a modern smart hub covering approximately 375 hectares. The development ...
Infineon Diversifies Its Manufacturing Footprint with New Backend Fab in Thailand
Infineon Technologies has initiated the construction of a new semiconductor backend production facility in Samut Prakan, located south of Bangkok, marking a significant step ...
Danish Retail Chain Expands to Thailand
JYSK, a Danish retail chain known for household products such as mattresses, furniture, and home décor, has announced its entry into Thailand. The first store will be ...
Japanese Drones Company Trials Pest Management Project in Indonesia
Terra Agri, a subsidiary of Japan-based Terra Drone Corporation, a global leader in drone and Advanced Air Mobility (AAM) solutions, successfully carried out a bagworm ...
Norwegian Marine Specialist to Supply Systems for Indonesia’s KCR-70M Program
Norwegian marine technology company Kongsberg Maritime has secured a contract to supply advanced propulsion and maneuvering systems for two KCR-70 Fast Attack Craft built for ...
Kuwait Plans USD 10 Billion Investment in Indonesia’s Oil and Gas Sector
Kuwait Foreign Petroleum Exploration Company (KUFPEC) has announced plans to invest up to USD 10 billion in Indonesia’s oil and gas sector. The Indonesian Ambassador to ...
Vietnam and Australia Launch National Innovation Alliance for Pig Farming
Vietnam and Australia have recently established the National Innovation Alliance for Pig Biosecurity, a partnership between the Australian government’s Aus4Innovation program ...
Vietnam Airlines Introduces Sustainable Aviation Fuel on European Routes
Starting 2025, Vietnam Airlines will incorporate sustainable aviation fuel (SAF) on all flights departing from Europe, becoming the first Vietnamese carrier to implement this ...
French Investments in Vietnam Continue to Grow Across Key Sectors
Investment flows from France to Vietnam have been robust, with French companies and organizations expanding their operations in the country.
In early January 2025, asset ...
Emerging Africa & Asia Infrastructure Fund Invests USD 20 Million to Support Vietnam’s Solar Energy Transition
The Emerging Africa & Asia Infrastructure Fund (EAAIF), managed by Ninety One and a part of the Private Infrastructure Development Group (PIDG), announced in January a ...
Spanish Company Opens New Facility in Vietnam to Boost Circularity in Textile Industry
Recover, a Spain-based producer of recycled cotton fiber and cotton fiber blends, has recently opened a new manufacturing facility in Vietnam. The facility, set to begin ...
Vietnamese and German Companies Partner to Build Advanced Vaccine and Biopharmaceutical Facility
Vietnam Vaccine Joint Stock Company (VNVC) has signed a contract with Germany’s Rieckermann Group, a global leader in the design of vaccine and pharmaceutical plants, to ...
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