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
US Company to Produce Polylactic Acid from Agricultural Feed in Thailand
In May 2021, the Board of Investment (BOI) of Thailand announced to have approved an application from American-headquartered company NatureWorks to invest around USD 490 ...
Nestlé to Build New USD 220 Million Dairy Factory in Indonesia
Nestlé has commenced the construction of a new factory in Batang, Indonesia. The factory will create about 200 new jobs in the Central Java province and will produce Bear ...
Unilever Muslim Center of Excellence Launched in Indonesia
Consumer goods manufacturer PT Unilever Indonesia has just launched its Uniliver Muslim Center of Excellence (Uniliver MCOE). The MCOE will be a research hub for halal ...
Pick & Go Opens Singapore’s First AI Unmanned Convenience Stores
Retailer Pick & Go has opened three unmanned and checkout-free stores in Singapore, offering daily necessities such as snacks, drinks, and other essential ...
Export of Thai Durians to China Reaches New Heights
Thailand has exported USD 186 million worth of durian to China during the first quarter of 2021. In 2020, Thailand shipped 575,000 tonnes, which represented almost 90% of ...
Pan Asia Metals Spearheading Lithium Search in Southern Thailand
Pan Asia Metals, a specialty metal explorer and developer focused on projects in South East Asia, recently intersected pegmatite dyke swarms within the Reung Kiet Lithium ...
Kemin Food Technologies Expands Distribution Partnership with DKSH to the Philippines and Indonesia
Swiss holding company specializing in market expansion services Diethelm Keller Siber Hegner (DKSH) has signed a distribution agreement with Kemin Food Technologies, a global ...
Arkema Building World’s Biggest Integrated Bio-factory in Singapore, Production Starts in 2022
French chemicals and plastics producer Arkema is building a new plant on Jurong Island, Singapore, to produce its flagship Rilsan polyamide 11 high-performance polymer. This ...
San Miguel Eyes PH’s First Bus Rapid Transit System
Philippine conglomerate San Miguel Corp is considering building a bus rapid transit (BRT) system in its newly opened elevated expressway, Skyway, to ease commuter woes and ...
Israel´s Tri-Logical to Supply Railway IoT Solutions
Tri-Logical, an Israeli company that develops IoT and cyber solutions for mission-critical applications, has won a tender from the Thai government to monitor the locomotives ...
ESR Forms Joint Venture with BW to Develop the My Phuoc 4 Industrial Park
Hongkong-based ESR Cayman Limited (ESR) has formed a joint venture with Warburg Pincus-backed BW Industrial Development Joint Stock Company (BW), the largest and ...
Singapore-based Temasek Invests USD 120 million into Edtech Startup UpGrad
UpGrad, an edtech startup founded in 2015, has raised USD 120 million from Singapore-based Temasek in its first external fundraising. The company plans to use the new funds ...
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