ASEAN 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

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 ...

EMA Announces Energy Partnerships with PSA and Shell

The Energy Market Authority (EMA) of Singapore announced two new EMA partnerships that total a combined USD 12 million. The aim is to support the uptake of new energy storage ...

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