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

Growatt to Open New Manufacturing Facilities in Vietnam to Serve the US Market

Growatt to Open New Manufacturing Facilities in Vietnam to Serve the US Market

In February 2023, Growatt announced the opening of the first phase of its production facility in the northern coastal city of Hai Phong, where it will manufacture solar ...
MEA Collaborates with Hitachi Energy to Upgrade Bangkok’s Power Network

MEA Collaborates with Hitachi Energy to Upgrade Bangkok’s Power Network

Hitachi Energy has announced the successful installation and commissioning of its RTU560 solution for Metropolitan Electricity Authority (MEA) in Thailand as part of its ...
Astra Daihatsu Starts Constructing USD 190 Million Car Assembly Plant in Indonesia

Astra Daihatsu Starts Constructing USD 190 Million Car Assembly Plant in Indonesia

Astra Daihatsu Motor, a joint venture between Japan's Daihatsu and Indonesian conglomerate Astra International, has begun constructing a new automobile assembly plant in ...
Malaysia Procures South Korea’s Fighter Jets in a USD 920 Million Deal

Malaysia Procures South Korea’s Fighter Jets in a USD 920 Million Deal

Malaysia's Defense Ministry will purchase 18 fighter jets from Korea Aerospace Industries Co (KAI), South Korea's sole aircraft manufacturer, for 1.2 trillion won (USD 920 ...
Aleph Farms Increases Production Capabilities with ESCO Aster Partnership

Aleph Farms Increases Production Capabilities with ESCO Aster Partnership

Aleph Farms, the first company to grow cultivated steaks directly from non-modified cow cells, has signed a Memorandum of Understanding (MOU) with ESCO Aster, a ...
Philippine Airlines Partners with Ramco Aviation

Philippine Airlines Partners with Ramco Aviation

Philippine Airlines, Inc. (PAL), the country's flag carrier, has reached an agreement with Ramco Systems, a provider of aviation software, to implement Ramco's Aviation Suite ...
Leading Hotel Groups Increasing Investment in Vietnam

Leading Hotel Groups Increasing Investment in Vietnam

Accor Vietnam and IHG Hotels & Resorts, two leading hotel companies, have put forward plans to double the number of hotels in Vietnam that meet international standards ...
Thailand’s New Strategies to Attract Foreign Investors

Thailand’s New Strategies to Attract Foreign Investors

Foreign investment soared by 56% to THB 129 billion (USD 3.9 billion) in value in 2022, with Japan topping the list in terms of budget to develop businesses in Thailand. ...
Princeton Digital to Invest USD 1 Billion for Data Center Campuses in Malaysia and Indonesia

Princeton Digital to Invest USD 1 Billion for Data Center Campuses in Malaysia and Indonesia

Princeton Digital Group has allocated USD 1 billion to construct new data centers to support its operations in Southeast Asia, emphasizing the continued demand for ...
Bucher Emhart Glass to Build USD 24 Million Manufacturing Facility in Johor

Bucher Emhart Glass to Build USD 24 Million Manufacturing Facility in Johor

Bucher Emhart Glass, a subsidiary of Swiss-listed global technology, engineering and manufacturing group Bucher Industries AG will construct a new manufacturing facility ...
GenScript Expands Footprint in Singapore

GenScript Expands Footprint in Singapore

GenScript Biotech Corporation, a leading provider of life-science research tools and services, announced the expansion of its Singapore facility to provide a premium gene ...
Improved PH Connectivity is Seen Through an Undersea Cable System

Improved PH Connectivity is Seen Through an Undersea Cable System

The Philippine fiber internet provider Converge ICT Solutions Inc. has vowed to provide greater internet speed in the country after the inauguration of the Bifrost Cable ...

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