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
Schneider Electric Teams Up with Nanyang Polytechnic on Green Technology Initiative
Last month, Nanyang Polytechnic (NYP) and Schneider Electric launched the Sustainability Experience Centre, a one-stop platform aimed at helping Singapore's SMEs implement ...
Lotte Chemical Indonesia to Construct USD 3.9 billion Petrochemical Plant in Banten
South Korea’s Lotte Group has resumed the construction of a USD 3.9 billion petrochemical project in Indonesia, paving the way for realizing the group’s plan to expand the ...
Indonesia’s Coffee Chain Reaches Unicorn Status with USD 96 Million Funding
Kopi Kenangan, an Indonesia-based coffee chain, has obtained USD 96 million Series C funding from Tybourne Capital Management, followed by Horizon Ventures, Kunlun, B Capital ...
Hyundai Motor to Produce the First Made-in-Singapore Electric Vehicles
During the Consumer Electronics Show (CES) 2022, Hyundai Motor announced its partnership with San Francisco's Unity Technologies, where both companies agreed to develop a ...
Home Improvement Brand Aims at Opening over 100 Stores a Year in Thailand
Home improvement brand MR D.I.Y. has announced its goal of opening at least 100 new stores a year, spurred by strong revenue over the past two years despite the Covid-19 ...
Good Doctor Technology Strengthens Ecosystem Partnerships in Thailand
Good Doctor Technology Thailand (GDTT), the subsidiary company of regional digital healthcare service provider Good Doctor Technology has recently announced its intention to ...
DOH to Build 7 New Laboratories for the Detection of Vaccine-Preventable Diseases
The Department of Health (DOH) is establishing seven subnational laboratories (SNLs) for the detection of vaccine-preventable diseases (VPDs) in the Philippines. The ...
CK Power to Add 2,800 MW of Renewables-based Electricity, Doubling in Size
In January 2022, Thai company CK Power, one of the region’s largest producers of renewables-based electricity, announced that it plans to more than double in size in the next ...
Ayala Property Management Corp Taps Globe Business for IoT Solutions
As the biggest property management company in the Philippines, Ayala Property Management Corporation (APMC) needed to transform its operations to digital to provide an ...
Thailand Buys Eight F-35, Plans to Buy Four More with a USD 414 Million Budget
Thailand is taking an active step to modernizing its air forces. In January 2022, it was reported that the Royal Thai Air Force (RTAF) intends to buy eight F-35 fighter jets ...
CP Foods Co-develops Plant-based Meat with American Start-up
Thai pork and poultry giant CP Foods partnered with Lypid, a start-up from the United States to create plant-based meat with the same taste and texture as real meat. CP Foods ...
Austrian Companies Bring Smart City Solutions to Thailand
Thailand is signaling an openness to collaborate with foreign businesses to facilitate technology exchange and drive smart city development in the country, with the signing ...
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