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
Vietnam´s Aviation Authority Proposes Fleet Size Expansion
Vietnam´s Ministry of Transport has been advised by the Civil Aviation Authority of Vietnam (CAAV) to let airlines expand their fleets in order to meet domestic demand and ...
Contracts Worth RM8 Billion Expected to be Signed at Lima 2023
At the Langkawi International Maritime and Aerospace Exhibition 2023 (Lima'23), Defense Minister Datuk Seri Mohamad Hasan expects more than MYR 8 billion (USD 1.8 billion) ...
NEA Refreshes Singapore’s Environment Services Industry Plan
Singapore launched the Environmental Services Industry Transformation Map (ES ITM) 2025 in January 2023, which aims to improve productivity and raise standards in the ...
Philippine Government Pushing for Defense Modernization
In 2023, the Philippine government allocated a total of PHP 45 billion (USD 814.5 million) for the Armed Forces of the Philippines Modernization Program (AFPMP), which is PHP ...
Starbucks Plans to Reach 100 Stores in Vietnam
After ten years in Vietnam, Starbucks expects to open its 100th location there in the second quarter of 2023 and continue to expand in the foreseeable future.
The US ...
Bank of Thailand Set to Allow Virtual Banks
The Bank of Thailand (BOT) recently issued a Consultation Paper on Virtual Bank Licensing Framework to introduce virtual banks as new financial service providers.
The BOT ...
BASF and Eramet to Invest in a USD 2.6 billion Nickel Smelting Facility in Indonesia
Germany's BASF is finalizing a USD 2.6 billion partnership deal with French miner Eramet to invest in a nickel processing facility in Indonesia. The project, which will ...
Intermap Announces New Government Project in Malaysia
Intermap Technologies, a global leader in 3D geospatial data and intelligence solutions, has announced that it was awarded another government contract in Malaysia to provide ...
Hyundai to Roll Out First Singapore-Assembled Cars in 2023
Hyundai Motor's assembly plant in Singapore is set to begin producing the electric Ioniq 5 in the first half of 2022. The plant is located at the Hyundai Motor Group ...
Bistro Group to Launch More International Food Brands in the Philippines
The Bistro Group, a company that manages different international dining concepts, announced expansion plans for the first quarter of the year. In a statement, Bistro Group ...
Vietnam and South Korea to Open Technology Research Center
The Vietnam-Korea Institute of Science and Technology (VKIST) was inaugurated on January 17 at the Hoa Lac Hi-tech Park in Hanoi. The VKIST is one of Vietnam’s largest ...
Thailand to Start Construction of the USD 8.8 Billion Eastern Aviation City Project
It has been recently reported that the government of Thailand will launch construction works for the THB 290 billion (USD 8.8 billion) Eastern Aviation City. The initiative ...
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