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
Thai Navy and BIOTEC Collaborate to Combat Oil Pollution
The Royal Thai Navy and the National Centre for Genetic Engineering and Biotechnology (BIOTEC) have initiated a joint research and development project to address wastewater ...
Swedish Company Enters Distributor Agreement with Thai Installer of Solar Solutions
Swedish thin-film solar panel manufacturer Midsummer has entered into a collaboration with Eco On, a leading Thai company specializing in solar rooftop and solar carport ...
Thailand Drafts New Legislation Aiming to Become Regional Financial Hub
Thailand is taking steps to establish itself as a regional financial hub through new legislation aimed at attracting investment in key financial sectors. The Cabinet has ...
Thailand to Develop Chiang Rai as Leading Aircraft Repair Hub
Thailand is planning to expand its presence in the aircraft maintenance industry by developing Chiang Rai Airport (CEI) into a major Maintenance, Repair, and Overhaul (MRO) ...
South Korean Firm Begins Construction of New Cebu International Container Port
Construction of the long-delayed New Cebu International Container Port (NCICP) in Tayud, Cebu City, has officially commenced. Led by Transportation Secretary Jaime Bautista ...
Philippines to Acquire Submarines for Maritime Defense
The Philippine Navy is set to acquire two submarines under the final phase of its military modernization program (Horizon Three) to strengthen maritime defense. AFP Chief of ...
7-Eleven Philippines to Invest USD 85 Million in Expansion
Philippine Seven Corp, the exclusive operator of 7-Eleven in the Philippines, plans to invest PHP 5 billion (USD 85.32 million) to open over 400 new stores in 2025, according ...
Singapore Boosts Defense Spending to USD 19.7 Billion by 2029
Singapore’s defense spending is projected to reach USD 19.7 billion by 2029, reflecting the country’s continued investment in advanced military technologies to maintain its ...
Billionaire Wealth in Singapore Surges to USD 155 Billion
Singapore has become an increasingly attractive destination for billionaires, with the number of high-net-worth individuals calling the city-state home rising to 47 in 2024. ...
PacificLight Power to Develop USD 1 Billion Hydrogen-ready Power Plant by 2029
PacificLight Power is set to develop a USD 1 billion hydrogen-compatible natural gas power plant on Jurong Island in Singapore, slated to begin operations by 2029. With a ...
BMW and Singaporean Company Team Up for Closed-Loop Battery Recycling
BMW Group has entered into a battery recycling partnership with Singapore-based SK tes to recover critical raw materials such as cobalt, nickel, and lithium from used ...
Resorts World Sentosa Unveils USD 5.07 Billion Expansion to Boost Singapore’s Tourism
Resorts World Sentosa (RWS) has initiated a USD 5.07 billion (SGD 6.8 billion) expansion project, slated for completion by 2030, aiming to enhance its appeal amid ...
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