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

GlobalFoundries Breaks Ground on New Fabrication Plant in Singapore

GlobalFoundries Breaks Ground on New Fabrication Plant in Singapore

GlobalFoundries, the global leader in feature-rich semiconductor manufacturing, today announced it is expanding its global manufacturing footprint with the construction of a ...
Foreign Players Invest in Nickel and Battery Plants, Advancing Indonesia’s Electric Vehicles Industry

Foreign Players Invest in Nickel and Battery Plants, Advancing Indonesia’s Electric Vehicles Industry

China’s Zhejiang Huayou Cobalt just announced a partnership with electric vehicle battery maker EVE Energy and other players for a USD 2.08 billion nickel and cobalt project ...
Car Manufacturers to Boost Electric Vehicles Production Capacity in Thailand

Car Manufacturers to Boost Electric Vehicles Production Capacity in Thailand

Thailand’s Board of Investment has just approved 24 projects of car manufacturers for the production of electric vehicles, including 6 plug-in hybrid electric vehicles ...
Austria’s AT&S to Build First Factory in Malaysia and South East Asia

Austria’s AT&S to Build First Factory in Malaysia and South East Asia

AT&S has announced a MYR 8.5 billion (USD 2.04 billion) of proposed investment to build its first South East Asian production site in Malaysia. AT&S is a ...
TNB Plans to Invest USD 2.16 Billion to Improve Grid Features

TNB Plans to Invest USD 2.16 Billion to Improve Grid Features

Malaysia’s leading electricity provider TNB is aiming to invest MYR 9 billion (USD 2.16 billion) annually between 2021 and 2024 to modernize and transform the national grid ...
Thailand to Construct New Deep Seaport in Rayong

Thailand to Construct New Deep Seaport in Rayong

In June 2021, the Industrial Estate Authority of Thailand (IEAT) announced its intention to commence the construction of the third phase of Map Ta Phut deep seaport in ...
Philippines to Spend Nearly USD 100 Billion on Infrastructure Projects Until 2024

Philippines to Spend Nearly USD 100 Billion on Infrastructure Projects Until 2024

The Philippines government is scheduled to spend a total of PHP 4.9 trillion (USD 99 billion) on infrastructure projects over the next four years as a continuation of ...
Industry Partners to Develop Liquefied Hydrogen Supply Infrastructure

Industry Partners to Develop Liquefied Hydrogen Supply Infrastructure

Five industry players have tied up to explore the development of a supply infrastructure to bring liquefied hydrogen (LH2) into Singapore to power Keppel's data centers. They ...
Ho Chi Minh City to Invest USD 350 million in Anti-Flooding and Environmental Sanitation Projects

Ho Chi Minh City to Invest USD 350 million in Anti-Flooding and Environmental Sanitation Projects

In May 2021, it was announced that Ho Chi Minh City (HCMC) will invest close to USD 350 million for the construction of 11 anti-flooding and environmental sanitation projects ...
Canadian, Dutch and UAE Players to Establish Indonesia’s First Infrastructure Investment Platform

Canadian, Dutch and UAE Players to Establish Indonesia’s First Infrastructure Investment Platform

In May 2021 it was announced that Indonesia Investment Authority (INA), Caisse de dépôt et placement du Québec (CDPQ), APG Asset Management (APG), and a wholly-owned ...
Thailand Spearheads 5G Developments in the Region

Thailand Spearheads 5G Developments in the Region

Thailand just announced that its Eastern Economic Corridor (EEC) will become the first special economic region in South East Asia to offer 5G telecommunications services. The ...
New Testbed Facility in Singapore for Data Centers Located in Tropical Locations

New Testbed Facility in Singapore for Data Centers Located in Tropical Locations

Social media giant Facebook and the Singapore government are joining forces to fund a USD 17 million project to address the need to boost the number of sustainable data ...

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