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

Thai SOEs Invest over USD 3 Billion in Energy Infrastructure Projects

Thai SOEs Invest over USD 3 Billion in Energy Infrastructure Projects

Thailand´s State Enterprise Policy Office has reported that the country’s state-owned enterprises (SOEs) have invested more than THB 100 billion (USD 3 billion) in energy ...
Thailand’s Economic Recovery Accelerates, Resumes FTA Negotiations with the EU

Thailand’s Economic Recovery Accelerates, Resumes FTA Negotiations with the EU

The baht has depreciated by 10.4% against the dollar so far in 2021, helping the Thai export sector. According to the president of the Thai National Shippers' Council, the ...
Thailand Awards Korea Aerospace USD 78 Million Contract for Trainer Jets

Thailand Awards Korea Aerospace USD 78 Million Contract for Trainer Jets

In August 2021, South Korea´s leading aerospace manufacturer Korea Aerospace Industries (KAI) announced that it had signed a USD 78 million agreement with Thailand for the ...
Thailand Planning Initiative to Upgrade Farming Efficiency

Thailand Planning Initiative to Upgrade Farming Efficiency

The Bank for Agriculture and Agricultural Cooperatives (BAAC) has announced plans to develop smart solutions for helping farmers increase production and efficiency. The bank ...
Hyundai to Complete Singapore Electric Vehicle Plant in 2022

Hyundai to Complete Singapore Electric Vehicle Plant in 2022

Hyundai Motor Group will complete its sophisticated assembly plant in Singapore in 2022, where it will assemble, sell and export the Hyundai Ioniq 5 and the Hyundai Ioniq 3 ...
New Centralized Cooling System in Tampines

New Centralized Cooling System in Tampines

As part of a project by Temasek Holdings and government-owned electricity and gas distribution company SP Group, seven buildings in Tampines – Central Tampines Mall, ...
Equinix Launches Fifth Data Center in Singapore

Equinix Launches Fifth Data Center in Singapore

US-based data center operator Equinix has officially launched its fifth data center - named SG5 - at Tanjong Kling Data Centre Park. The launch marks the company's ...
Johnson & Johnson Vision to Develop Integrated Eye Health Ecosystem in Singapore

Johnson & Johnson Vision to Develop Integrated Eye Health Ecosystem in Singapore

Johnson & Johnson Vision, the eye health unit of Johnson & Johnson Medical Devices Companies, will develop an integrated eye health ecosystem in Singapore that uses ...
NEA Establishes Green Financing Solutions

NEA Establishes Green Financing Solutions

In mid-August 2021, the Singapore National Environment Agency announced the establishment of its SGD 3 billion Multicurrency Medium Term Note (MTN) Programme and Green Bond ...
Green Laws Proposed for Power Generation Companies to Reduce Singapore’s Carbon Footprint

Green Laws Proposed for Power Generation Companies to Reduce Singapore’s Carbon Footprint

The Energy Market Authority (EMA) of Singapore has proposed changes to the country’s Electricity Act, requiring power generation firms to improve the energy efficiency of ...
High Covid-19 Vaccination Rates Drive an Improved Growth Forecast of 6-7% in 2021 for Singapore

High Covid-19 Vaccination Rates Drive an Improved Growth Forecast of 6-7% in 2021 for Singapore

The Singapore Ministry of Trade and Industry (MTI) has upgraded its 2021 GDP growth forecast range from 4-6% to 6-7%, despite the continued global rise of Covid-19 cases due ...
Singapore to Consider Usage and Production of Sustainable Aviation Fuel (SAF)

Singapore to Consider Usage and Production of Sustainable Aviation Fuel (SAF)

The Singapore government and relevant industry players recently undertook a study to determine the feasibility of integrating sustainable aviation fuels (SAF) with ...

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