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
Thailand and Saudi Arabia Restore Diplomatic Ties, Explore Investment Opportunities
In January 2022, Saudi Arabia and Thailand restored full diplomatic ties, following more than 3 decades of frozen relations. The rapprochement comes in parallel with a joint ...
Thailand a Strategic Production Base for Japanese Manufacturers
The government of Japan has confirmed that it wants to maintain Thailand as its key production base, and has agreed to launch joint plans on green industry and advanced ...
Singapore Police Unveil New Drones for Crowd Management, Search and Rescue
In January 2022, the Singapore Police Force revealed two new drones that would join its current fleet of Unmanned Aerial Vehicles (UAVs). The first drone was reported to ...
Singapore Surpasses 50 Million Metric Tons in Marine Fuel Sales
The Maritime and Port Authority of Singapore (MPA) has reported sales of 50,000 metric tons (mt) for ship-to-ship LNG bunkering operations in 2021. Combined with sales of ...
Thailand Plans 36 Mega-infrastructure Projects Worth USD 45 Billion
Thailand is planning major infrastructure projects for 2022. Cumulatively valued at over USD 45 billion, these mega-infrastructure projects aim at improving the country's ...
Singapore Achieves Medium to Long Term Investment Target Despite Pandemic Challenges
Singapore’s Economic Development Board (EDB) announced that it had pulled in SGD 11.8 billion (USD 8.8 billion) worth of fixed-asset investments in 2021, in line with its ...
San Miguel to Commence Operation of Battery Energy Storage Facilities in 2022
SMC Global Power Holdings Corp., the energy arm of San Miguel Corporation, has announced that a total of 690 MW of its 1,000-MW Battery Energy Storage System (BESS) ...
Philippines Embarks on Major Infrastructure Projects in Eastern Visayas
The Philippines’ Department of Public Works and Highways (DPWH) Region VIII is looking to implement infrastructure projects worth PHP 43 billion (USD 0.8 billion) in Eastern ...
Philippines Ties Up with France to Improve Local Dairy Industry
A joint declaration to enhance cooperation in food security was signed between the government of the Philippines and France. The discussion puts emphasis on developing the ...
Philippine Air Force and Philippine Army Bolsters Acquisitions for Humanitarian and Defense Missions
The Philippines will have more assets for humanitarian assistance and disaster relief (HADR) missions as initial funding, valued at PHP 1.6 billion (USD 31.2 million), for ...
PEZA Eyes More Investments From the US
The Philippine Economic Zone Authority (PEZA) is engaging more US firms to invest in the country’s economic zones and take part in promoting stronger bilateral relations ...
New Law Eases Requirements for Foreign Retail Investors in the Philippines
A bill that amends the Retail Trade Liberalization Act (RTLA) of 2000 was signed by President Rodrigo Duterte into law. Known as RA 11595, the new law will lower the amount ...
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