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
Temasek Trust and LKSF Fund Singapore’s First Histotripsy Cancer Trials
The Li Ka Shing Foundation (LKSF) and Temasek Trust have jointly committed SGD 9 million (about USD 6.7 million) to support the acquisition of advanced medical systems and ...
Sembcorp to Build Singapore’s Largest Floating Solar Farm for Meta
In April 2025, Sembcorp Industries announced a 25-year Renewable Energy Purchase Agreement (REPA) between its wholly owned subsidiary, Sembcorp Solar Singapore Pte Ltd, and ...
Shell Exits Singapore Refining as Chandra Asri, Glencore Take Over
In April 2025, Shell finalized the sale of its Singapore refining and petrochemical assets to a joint venture between Indonesia's Chandra Asri and Switzerland's Glencore. The ...
Cargill Unveils Transformed Innovation Center in Singapore
Cargill unveiled its transformed Innovation Center in Singapore on April 10, 2025, marking a significant milestone in advancing food innovation for Asia. Supported by the ...
US Tariffs Challenge Singapore’s Trade, Finance, and Manufacturing
In April 2025, the United States (US) imposed a 10% tariff on nearly all imports, including those from Singapore, under the International Emergency Economic Powers Act. ...
Singapore Navy Successfully Tests Aster Missile Amid Major Frigate Upgrades
In April 2025, the Republic of Singapore Navy (RSN) successfully conducted a live-fire test of an Aster 15 surface-to-air missile from its lead Formidable-class frigate, RSS ...
Thailand Approves Sunwoda to Invest More Than USD 1 Billion in EV Battery Cell Plants
Thailand’s Commission on the National Competitiveness Enhancement for Targeted Industries has approved an investment exceeding USD 1 billion from Sunwoda Electronic for the ...
Thailand Enhances Aviation Infrastructure to Position Itself as Regional Hub
Thailand has unveiled plans to boost aviation capacity by investing approximately 104.4 million USD in cutting-edge technology, aiming to become a regional aviation hub by ...
Thailand Develops AI Systems for Financial Fraud Detection
Thailand is advancing the use of artificial intelligence (AI) in fraud detection, particularly within its financial sector. The country's financial institutions are expected ...
Thailand to Expand Telehealth Services to Decrease Hospital Visits and In-Person Follow-Ups
Thailand's Public Relations Department (PRD) has announced that the Ministry of Public Health would expand tele-healthcare services to alleviate congestion in public ...
Swiss Company Implements US Wastewater Solution at Its Manufacturing Plant in Thailand
Swiss chemical company Archroma has implemented a membrane and oxidation-based Zero Liquid Discharge (ZLD) system at its dyestuffs manufacturing plant in Mahachai, Thailand. ...
UK Company Secures a USD 1.8 Billion Contract for Energy Digitization and Smart Grid in Thailand
Gorilla Technology Group, a British business solutions provider, has secured a 1.8 billion USD agreement to lead an energy digitization and smart grid project in Thailand. ...
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