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
Indonesia Targets 33% Jump in Investment in 2022
Indonesia recorded an FDI of IDR 454 trillion (USD 31.6 billion) in 2021, a 10% increase over the previous year. It aims to boost total investment by a third in 2022, ...
Indonesia to Get 50 New Warships by 2024
Indonesia has revealed that a portion of its planned $125 billion investment in defense will go to procuring up to 50 new warships over the next two years. Defense Minister ...
Wine Retailer Boosts Retail Purchases Through High-Tech Sensory Upgrades
The Covid-19 pandemic has provided the digitization catalyst for many businesses. Covid-19 precautions have led to fewer wine tasting opportunities, which has led wine giant ...
Singapore Airlines and NUS Set Up New Digital Aviation Corporate Lab
Singapore Airlines (SIA) and the National University of Singapore (NUS) have launched a new digital aviation corporate laboratory, which will co-create innovative ...
Indonesia Partners with US Mayo Clinic to Build International Hospital
The Indonesian government estimates that some two million Indonesians travel overseas every year for medical check-ups, treatment and other medical services, spending around ...
The World’s Largest Hydro-Floating Solar Hybrid Project in Thailand
The Electricity Generating Authority of Thailand (EGAT) has moved forward with its policy of using clean energy and reducing carbon dioxide emissions with smart technology by ...
CleanTech Ties Up with The Blue Circle for the Philippines’ Largest Offshore Wind Project
Filipino-owned renewable energy developer CleanTech Global Renewables Inc. has teamed up with Singapore-based The Blue Circle to undertake a 1.2 GW offshore wind project in ...
Singapore to Invest USD 9.2 billion in Renewable Energy and Logistics in Indonesia
In January 2022, Singapore and Indonesia signed an MOU on Bilateral Partnership on Green and Circular Economy Development, and an MOU on Energy Cooperation. With these MOUs ...
Thailand and Saudi Arabia Restore Diplomatic Ties, Explore Investment Opportunities
In January 2022, Saudi Arabia and Thailand restored full diplomatic ties, following more than 3 decades of frozen relations. The rapprochement comes in parallel with a joint ...
Thailand a Strategic Production Base for Japanese Manufacturers
The government of Japan has confirmed that it wants to maintain Thailand as its key production base, and has agreed to launch joint plans on green industry and advanced ...
Singapore Police Unveil New Drones for Crowd Management, Search and Rescue
In January 2022, the Singapore Police Force revealed two new drones that would join its current fleet of Unmanned Aerial Vehicles (UAVs). The first drone was reported to ...
Singapore Surpasses 50 Million Metric Tons in Marine Fuel Sales
The Maritime and Port Authority of Singapore (MPA) has reported sales of 50,000 metric tons (mt) for ship-to-ship LNG bunkering operations in 2021. Combined with sales of ...
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