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
UK and Vietnam Conclude UK – Vietnam Free Trade Agreement (UKVFTA)
In December 2020, the UK and Vietnam officially signed the UK Vietnam Free Trade Agreement (UKVFTA). Under the UKVFTA, the UK will first eliminate 65% of tariffs, moving up ...
Sarawak, Sabah Received the Highest Investment in Manufacturing Sector
According to the UOB Global Economics and Markets Research, the state of Sarawak in East Malaysia has attracted the highest investments of MYR 15.8 billion (USD 3.9 billion) ...
Indonesia Signs Trade Agreement with South Korea
Indonesia is expected to see positive economic growth in 2021, after undergoing its first recession in two decades in the third quarter of 2020 due to the COVID-19 pandemic. ...
Companies Invest in Thailand’s Bio-Circular-Green Economy
According to the data collected by the Thailand Board of Investment (BOI), within the first nine months of 2020, local and international companies invested 1.7 billion USD in ...
Vietnam Starts Building New Airport for Ho Chi Minh City
On 6 January 2021, Vietnamese Prime Minister Nguyen Xuan Phuc presided over Long Thanh International Airport's groundbreaking ceremony. Located about an hour and a half from ...
South Africa’s ExecuJet MRO Services Plans for Expansion in Malaysia
ExecuJet MRO Services, an international aviation services provider based in Johannesburg, has announced its latest expansion plan at its Subang Airport facility to cater to ...
Bangkok-based mu Space Building Spaceship in 2021
Thai startup and space technology company mu Space recently conducted the soft opening of its spaceship factory – the first in Thailand – a prototype that will form the basis ...
Additional Support for Covid-19 Affected Aviation Sector
With passenger traffic down 98% year-on-year in November, the aviation sector is not expected to recover anytime soon. In late December 2020, the Singapore Government stated ...
Japanese Cosmetics Company Launches First Store in Ho Chi Minh City
Japanese cosmetics and drugs retailer Matsumoto Kiyoshi recently opened its first store in downtown Ho Chi Minh City, covering 274 square meters and featuring over 6,000 ...
New Trends Gain Traction among Thai Food Producers
Consumers in South East Asia have become more concerned with maintaining healthy lifestyles and with food safety, and are seeking alternatives to traditional foods, a trend ...
US Dairy Export Council Opens Center for Dairy Excellence in Singapore
The US Dairy Export Council (USDEC) has continued to expand its progress in South East Asia since it first entered the region in 1998, opening a new US Centre for Dairy ...
Sun Care Products Drive Personal Care Sector in the Philippines
Data analytics company GlobalData has reported that the rise in demand for suncare products will drive the Philippines' personal care sector, which is projected to record a ...
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