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
ASE Acquires Semiconductor Packaging & Testing Factory in the Philippines
The US has announced its plans to invest more than USD 1 billion in the Philippines’ tech sector to double the number of semiconductor factories in the country. While the ...
Singapore’s MINDEF to Acquire 8 New F-35As
The Ministry of Defence (MINDEF) is acquiring eight new F-35As, in addition to 12 F-35Bs, which have been bought and announced previously. Designed for greater endurance and ...
Phuc Long Coffee & Tea targets Hanoi and Ho Chi Minh City
Masan Group's Phuc Long Coffee & Tea is pivoting its strategy from focusing on WinMart coffee kiosks to expanding its network of coffee shops in Vietnam's key urban ...
French Yeast Manufacturer Opens New Factory in Indonesia
Lesaffre, a French manufacturer specializing in fermentation and microorganisms, recently inaugurated its latest venture in Indonesia: a new manufacturing facility dedicated ...
FedEx Expands Dangerous Goods Logistics Solutions in Thailand
FedEx has broadened its one-stop-shop (OSS) logistics services catering to dangerous goods in Chiang Mai and Lamphun, Thailand, a move poised to benefit local enterprises in ...
Malaysia Rises to 15th in Global ICT Rankings, Third in ASEAN
Malaysia has made remarkable strides in information and communication technology (ICT) development, ascending to the 15th spot globally and ranking third in the ASEAN region ...
Philippines Greenlights USD 35 Billion ‘Re-Horizon 3’ Military Modernization Plan
President Ferdinand Marcos Jr. has given the green light to a revamped military modernization initiative dubbed “Re-Horizon 3,” allocating PHP 2 trillion (USD 35 billion) ...
American Biotechnology Company to Open Spider Silk Production Facility in Vietnam
American biotechnology company Kraig Biocraft Laboratories (Kraig Labs) has announced the commencement of a new recombinant spider silk production center in Lam Dong Province ...
American Early Childhood Learning Brand Launches in Singapore
Lovevery, the global early childhood brand, has announced the launch of its early learning program, The Play Kits, in Singapore. The latest APAC expansion comes one year ...
Japanese Confectionery Specialist to Strengthen Chocolate Supply Chain in Indonesia
Chateraise, a Japanese confectionery company, just announced plans to aid local cacao production and strengthen the chocolate supply chain. This initiative aims to enhance ...
Italian Braking Systems Specialist Constructs Factory in Thailand
Brembo, an Italian company leader in braking systems, just commenced construction of its first production site in Thailand. The investment, totaling approximately EUR 40 ...
Malaysia and Japan Strengthen Ties with Halal MOUs to Boost Trade and Certification Standards
Malaysia further solidified its position as a global halal hub by signing two Memoranda of Understanding (MOUs) with Japan. These agreements aim to enhance international ...
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