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

Coffee Chains Enter Singapore to Expand in the Region

Coffee Chains Enter Singapore to Expand in the Region

While Singapore’s coffee market is highly competitive, brands continue to expand in the city-state in hopes success on the island will propel international ...
Singapore to Embark on New Land Reclamation Plan on Its East Coast

Singapore to Embark on New Land Reclamation Plan on Its East Coast

Singapore recently announced that it will commence a land reclamation project to create a “Long Island” on the eastern coast of the city-state. The threat of rising sea ...
Singapore to Channel Green Funding for Southeast Asia

Singapore to Channel Green Funding for Southeast Asia

During the World Climate Action Summit a senior Minister announced that Singapore is aiming to raise USD 6.6 billion in green funding for Southeast Asia by creating ...
Siltronic AG Produces First Wafers in its New Singapore Fab

Siltronic AG Produces First Wafers in its New Singapore Fab

Siltronic, a major player in the semiconductor industry, has achieved a significant milestone with the production of the first wafers in its new state-of-the-art 300 mm ...
New National AI Strategy to Uplift Singapore’s Social and Economic Potential

New National AI Strategy to Uplift Singapore’s Social and Economic Potential

In December 2023, Singapore’s second National AI Strategy (NAIS 2.0) was officially launched to uplift Singapore’s collective economic and social potential over the next ...
ImmunoScape Partners with Singapore’s EDDC to Develop Novel T Cell Receptor-Based Therapeutics

ImmunoScape Partners with Singapore’s EDDC to Develop Novel T Cell Receptor-Based Therapeutics

ImmunoScape, a biotechnology company focused on next-generation T Cell receptor (TCR)-based immunotherapies, has announced a partnership with the Experimental Drug ...
Singapore signs FTA with Mercosur

Singapore signs FTA with Mercosur

Singapore marked a significant milestone in its trade relations by signing a groundbreaking free trade agreement (FTA) with four South American countries - Argentina, Brazil, ...
Sembcorp Announces 2023-2028 Strategic Plan to Drive Energy Transition

Sembcorp Announces 2023-2028 Strategic Plan to Drive Energy Transition

Sembcorp Industries (Sembcorp), a key player in Singapore's energy sector, has announced its 2023-2028 strategic plan, reaffirming its commitment to transform its portfolio ...
Singapore Beefs Up Naval Defense

Singapore Beefs Up Naval Defense

In November 2023, Singapore's Ministry of Defense (MINDEF) has signed a contract with Fr. Fassmer GmbH & Co. KG to acquire four new Offshore Patrol Vessels (OPVs) to ...
France’s Vital Meat Plans to Introduce Cultivated Chicken in Singapore

France’s Vital Meat Plans to Introduce Cultivated Chicken in Singapore

Vital Meat, a French cultivated meat company, has recently announced its initiative to enter the Singaporean market with its innovative product, Vital Chicken. The company ...
Indonesia and Vietnam Collaborate to Advance Lobster Production

Indonesia and Vietnam Collaborate to Advance Lobster Production

The Minister of Maritime Affairs and Fisheries of Indonesia has recently expressed confidence in the nation's potential to emerge as a prominent lobster producer in Southeast ...
Indonesia to Provide Tax Incentives for Electric Vehicle Manufacturers

Indonesia to Provide Tax Incentives for Electric Vehicle Manufacturers

Indonesia plans to provide tax incentives for automakers intending to establish electric vehicle (EV) plants, including exemptions on import duties for fully manufactured EVs ...

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