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

Thai Union Sets USD 30 Million Goal in Revenue by 2025 for Plant Based Brand

Oct 2022 Thailand, Agrifood

Thailand-based food manufacturer Thai Union has just revealed its goals for its plant-based meat and seafood range OMG Meat to generate USD 30 million in revenue by ...

Thailand´s Largest Beverage Company Commits to Expansion

Oct 2022 Thailand, Retail/FMCG

Thailand's largest beverage company, Thai Beverage (ThaiBev), has confirmed its commitment to spend THB 5-8 billion (USD 130-210 million) to expand its businesses in 2023, ...

South Korea’s BHC Chicken Expands in Southeast Asia Through Malaysia

Oct 2022 Malaysia, Retail/FMCG

The BHC Group, South Korea's second-largest chicken franchise by sales, has announced the opening of its third store in Malaysia in November 2022 as part of its strategy to ...

Chevron Oronite Completes Phase 1 and 2 of Its Singapore Expansion

Oct 2022 Singapore, Manufacturing

Chevron Oronite announces the completion of Phase 1 and Phase 2 of an expansion project at its Singapore Manufacturing Plant (SMP), known as the 'Future Expansion Project'. ...

Singapore’s First Integrated Construction Park at Jurong Port

Oct 2022 Singapore, Infrastructure

Singapore's first integrated construction park, located at Jurong Port, will be operational in December 2022. It will bring together key supply chain players in the ...

Verified Carbon Credits for Singapore

Oct 2022 Singapore, Environment

Singapore’s National Environment Agency (NEA) has signed separate memorandums of understanding with two of the world’s biggest international carbon offset standard programs, ...

Malaysia Explores Sandbox Sites to Develop Medical Technologies

Oct 2022 Malaysia, Healthcare

Malaysian Minister of Health Khairy Jamaluddin has announced five hospitals as sandbox sites for solution providers to test-bed medical and healthcare technologies. The five ...

Malaysia Plans to Commit USD 82.7 Billion on Flood Prevention

Oct 2022 Malaysia, Environment

Malaysia’s Environment and Water Ministry projected that the country will have to spend MYR 392 billion (USD 82.7 billion) on flood mitigation measures up until 2100. In the ...

Malaysia’s Independence X Aerospace Invents World’s Smallest Satellite

Oct 2022 Malaysia, Manufacturing

Independence X Aerospace, an aerospace tech company from Malaysia, has invented the world's smallest satellite. The satellite is measured at 30mm and is fully functional in ...

CFM, Energy Absolute to Invest USD 1.05 Billion to Expand RE Products in Malaysia

Oct 2022 Malaysia, Infrastructure

Malaysia-based Computer Forms (Malaysia) Bhd (CFM) and Thailand’s electric services provider, Energy Absolute Public Company Ltd will set up a joint-venture (JV) company to ...

UK-based GKN Aerospace Opens Regional Facility in Johor

Oct 2022 Malaysia, Defense/Aerospace

An international aerospace and automotive components firm from the UK, GKN Aerospace has invested USD 35 million to establish a service and research center in Johor's ...

Felcra Bhd to Construct USD 4.2 Million Integrated Poultry Complex in Kedah

Oct 2022 Malaysia, Agrifood

Felcra Bhd, an agency under the Malaysian Ministry of Rural Development, will construct a second Integrated Poultry Complex project for RM20 million (USD 4.2 million). The ...

Malaysia to be Low Carbon Nation by 2040

Oct 2022 Malaysia, Energy

The Malaysian Government has rolled out the National Energy Policy 2022-2040 (NEP) with key goals of enhancing macroeconomic resilience and energy security, achieving social ...

Japan Invests USD 1.96 Billion in Malaysia’s Strategic Sectors

Oct 2022 Malaysia, Economy

Malaysia received investments worth MYR 9.30 billion (USD 1.96 billion) in strategic and high-potential sectors such as electrical and electronic (E&E), Research & ...

Thai Organizations Need to Enhance their Cybersecurity

Oct 2022 Thailand, ICT

According to a report by global cybersecurity company Fortinet, whose key findings have recently been highlighted by the Bangkok Post, around 88% of Thai organizations ...

Malaysia Explores Potential in Emerging Technology with UK and Somalia

Oct 2022 Malaysia, ICT

Malaysia is looking at possible collaborations in the field of emerging technologies during the September 2022 ITU PP22 (Plenipotentiary Conference of the International ...

General Electric Supplies Advanced Gas Turbines for EGAT’s Bang Pakong Combined Cycle Power Plant

Oct 2022 Thailand, Energy

General Electric (GE) and the Electricity Generating Authority of Thailand (EGAT), the main electricity producer in the country, have announced the start of commercial ...

Thailand Fast-tracks Airport Expansion Projects

Oct 2022 Thailand, Defense/Aerospace

The Thai government is fast-tracking airport expansion in order to increase Thailand´s capacity for handling an increasing number of air passengers and promoting the country ...

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