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

Prinx Chengshan Investing USD 25 Million in New Tire Factory in Thailand

Chinese company, Prinx Chengshan, announced in January 2018 that it will invest 19 million GBP in a new tire factory in Thailand. The factory will be located across three ...

Greater Reliance on Natural Gas in Thailand’s Latest Power Plan

Thailand’s government has reconfirmed its commitment to gas in its new Power Development Plan (PDP), which sets a target for gas to generate 53% of the country’s power in ...

Draft Bill in Thailand to Allow 100% Foreign Ownership in Selected Aerospace Sectors

In December 2018 Thailand approved a draft bill for the air navigation law that lets foreign investors who win Board of Investment (BoI) promotional privileges to own up to ...

Digital ID in Thailand Entering Test Phase

Thailand's national digital ID service is expected to be available to the public in the next 3-5 months after undergoing testing. The system is intended to enhance digital ...

B.Grimm Starts Operations at 30.8 MW of Thai Solar Parks

Thai company, B.Grimm, has launched commercial operations at seven solar photovoltaic (PV) parks at home with a combined capacity of 30.83 MW. Four of the plants are ...

Singapore-Based Digital Healthcare Company Partners with AIA

Singapore-based digital managed care platform MyDoc is partnering with global insurance company, AIA, to create its first digitally integrated corporate health screening ...

Singapore Launches First Half 2019 Industrial Government Land Sales Program

The Ministry of Trade and Industry (MTI) of Singapore has launched its Industrial Government Land Sales (IGLS) programme for the first half of 2019 (1H 2019). There will be 5 ...

Singapore Considering Banning, Taxing High Sugar Beverages

The Ministry of Health (MOH) and the Health Promotion Board (HPB) of Singapore are conducting a public consultation from 4 December 2018 to 25 January 2019  to seek views ...

Pratt & Whitney’s Singapore Engine Center Starts GTF Overhauls

Pratt & Whitney's Singapore engine center, Eagle Services Asia (ESA), a member in the global network of maintenance, repair and overhaul (MRO) facilities that service Pratt & ...

New Grant from MAS to Enhance Singapore’s Position as Enterprise Financing Hub

The Monetary Authority of Singapore (MAS) is launching a new SGD 75 million (USD 55 million) Grant for Equity Market Singapore (GEMS) in support of Singapore’s vision to ...

Neste Investing USD 1.6 Billion to Boost Biofuel Production Capacity in Singapore

Finnish biofuel producer, Neste Corporation, revealed plans for an EUR 1.4 billion (USD 1.6 billion) investment to boost its renewable products production capacity ...

LTA Awards Six Contracts for North-South Corridor Tunnels

The Land Transport Authority (LTA) announced on December 26 that it has awarded six contracts totaling SGD 3.14 billion to design and construct the tunnels and commuter ...

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