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-based Tyson Foods Buys 49% Stake of MFM’s Poultry Business for MYR 420 million
US company Tyson Foods, Inc. has announced that it will acquire a 49% stake in the poultry segment of Malaysian food manufacturing company, Malayan Flour Mills Bhd (MFM).
The ...
Trade Agency Encourages US Firms to Invest in Electronics Manufacturing in the Philippines
During an electronics manufacturing services (EMS) webinar organized by the Philippine Trade and Investment Center, the Department of Trade and Industry (DTI) Secretary Ramon ...
San Miguel Gets 50-Year Franchise for Airport City Project in Bulacan as Bill Lapses into Law
San Miguel Corporation’s (SMC) subsidiary, San Miguel Aerocity Inc (SMAI), was granted a 50-year franchise to build, operate and maintain a domestic and international airport ...
Nestlé Investing USD 150 Million to Expand Production in Thailand
To serve the rising demands and penetrate the e-commerce market, Nestlé has announced its investment strategy for long-term growth, investing over THB 4.5 billion (USD 150 ...
Malaysia’s FGV Dairy Farm Increases Daily Fresh Milk Production to 30,000 Liters with New Factory
FGV Dairy Farm Sdn Bhd, a subsidiary of plantation conglomerate FGV Holdings, is expanding its milk production capacity through an integrated dairy farm and an increase in ...
Roche and Bayer Countering Non Communicable Diseases in Vietnam
The Vietnam Medical Association (VMA) and biotech company Roche Vietnam recently signed a strategic partnership aiming to increase the rate of early breast cancer detection ...
Indonesian Conglomerate Lippo Bets on Telehealth for Growth
Indonesian Conglomerate Lippo Group has announced its plans for an overhaul of its mHealth service as a key engine of growth for 2021. Lippo Group is the owner of Siloam ...
Hyphens Pharma Subsidiary Obtains E-Pharmacy License for WellAway Pharmacy
Hyphens Pharma International, Singapore’s leading specialty pharmaceutical and consumer healthcare group, announced in January 2021 that its subsidiary, Pan-Malayan ...
Thailand to Develop Green Energy Technologies at the New EGCO Rayong Industrial Estate
Electricity Generating Plc (EGCO), a subsidiary of the state-run Electricity Generating Authority of Thailand, recently signed an agreement with the state-run Industrial ...
Indonesia to Scale Up Battery Manufacturing for Electric Vehicles
In October 2020, several state-owned Indonesian companies formed a joint venture for batteries for electric vehicles (EV). The new joint venture, called Indonesia Battery ...
CP Vietnam Inaugurates South East Asia’s Largest Poultry Complex
CPV Food Co. Ltd., a member of CP Vietnam Livestock Joint Stock Company, recently held the inauguration ceremony of CPV Poultry Complex in Binh Phuoc Province. This is the ...
State Railway of Thailand (SRT) to Open Bidding for Two Railway Projects
The State Railway of Thailand (SRT) will start the bidding process for two new dual-track railway projects in February 2021. The first route will be linking the Den Chai ...
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