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

Muji to Open First Store in Hanoi

Muji to Open First Store in Hanoi

Muji, a renowned Japanese retail company selling a wide variety of consumer goods, recently opened its first flagship store in Hanoi's Vincom Center Metropolis, after opening ...
AirAsia Acquires Gojek’s Thailand Operations in Thailand

AirAsia Acquires Gojek’s Thailand Operations in Thailand

AirAsia Digital (the digital arm of multinational low-cost airline AirAsia) and ride-hailing unicorn Gojek have announced a partnership whereby AirAsia Digital will acquire ...
Digital Health Apps Flourish in the Philippines Amid the Pandemic

Digital Health Apps Flourish in the Philippines Amid the Pandemic

Digital health platforms in the Philippines are expected to remain flourishing as the COVID-19 pandemic continues as evidenced by several apps reporting accelerated numbers ...
UMW Toyota Motor to Advance Local Manufacturing of Hybrid Electric Vehicles  in Malaysia

UMW Toyota Motor to Advance Local Manufacturing of Hybrid Electric Vehicles in Malaysia

UMW Toyota Motor Sdn Bhd (UMWT) recently announced its plan for local mass manufacturing of Hybrid Electric Vehicles (HEV) in Malaysia with an additional investment of MYR ...
South Korea’s KCC Glass to Open its First Overseas Factory in Indonesia

South Korea’s KCC Glass to Open its First Overseas Factory in Indonesia

KCC Glass Corporation, a representative integrated glass company in Korea, has announced plans to establish a glass factory in Batang Industrial Park, Central Java, ...
Japanese Company Establishes Production Center for Carbon Fiber in Vietnam

Japanese Company Establishes Production Center for Carbon Fiber in Vietnam

In July 2021, Teijin Carbon Vietnam Co., Ltd (TCV) began commercial production of carbon fiber goods such as prepreg, a fiber sheet pre-impregnated with matrix resin as an ...
Japanese Bicycle-parts Maker Shimano Invests USD 179 Million in Jurong Plant

Japanese Bicycle-parts Maker Shimano Invests USD 179 Million in Jurong Plant

Singapore has attracted some USD 179 million in investment from Japanese bicycle-parts maker Shimano, with its upcoming plant in Jurong Innovation District (JID) expected to ...
Holcim Invests USD 4.2 million to Upgrade Cement Plants

Holcim Invests USD 4.2 million to Upgrade Cement Plants

Cement firm Holcim Philippines, Inc. is investing PHP 210 million (USD 4.2 million) in projects to reduce the fuel consumption and increase mineral additive usage of its ...
Dow to Expand Production of Propylene Glycol Capacity in Thailand

Dow to Expand Production of Propylene Glycol Capacity in Thailand

Dow, the global leading materials science company headquartered in the United States, has just announced a plan to expand its propylene glycol (PG) capacity at its existing ...
Record Number of Bids Received for PNR Calamba Railway Project

Record Number of Bids Received for PNR Calamba Railway Project

The Philippine National Railways (PNR) Calamba project has received a “record number” of 34 bids from six local and 17 international companies to participate in the ...
IFC to Provide Thailand’s First Sustainable Loan for Hydropower and Affordable Healthcare

IFC to Provide Thailand’s First Sustainable Loan for Hydropower and Affordable Healthcare

The International Finance Corporation (IFC), the largest global development institution focused on the private sector in emerging markets, is expected to provide around USD ...
Digital Edge Expands into Indonesia with Strategic Investment in PT IndoInternet Tbk

Digital Edge Expands into Indonesia with Strategic Investment in PT IndoInternet Tbk

Digital Edge Singapore Holdings' wholly-owned subsidiary, Digital Edge (Hong Kong) Ltd., has acquired a controlling interest in one of the leading digital infrastructure ...

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