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 to Scale Up Battery Manufacturing for Electric Vehicles
In October 2020, several state-owned Indonesian companies formed a joint venture for batteries for electric vehicles (EV). The new joint venture, called Indonesia Battery ...
CP Vietnam Inaugurates South East Asia’s Largest Poultry Complex
CPV Food Co. Ltd., a member of CP Vietnam Livestock Joint Stock Company, recently held the inauguration ceremony of CPV Poultry Complex in Binh Phuoc Province. This is the ...
State Railway of Thailand (SRT) to Open Bidding for Two Railway Projects
The State Railway of Thailand (SRT) will start the bidding process for two new dual-track railway projects in February 2021. The first route will be linking the Den Chai ...
Daiwa Builds USD 40 Million Sports Equipment Factory in Da Nang City
Japanese sporting goods company Daiwa Vietnam recently commenced the construction of its third plant in Vietnam. Worth USD 40 million and located in Hoa Khanh Industrial ...
DuPont’s New Manufacturing Facility in Singapore
DuPont Nutrition & Biosciences has announced the mechanical completion of its new Flexiblend facility in Singapore. The new plant will leverage DuPont’s advanced ...
Vietnam’s Provinces Call for the Development of 5G
The provinces of Phu Tho and Binh Phuoc recently proposed to the Ministry of Information and Communications to develop 5G in their areas.
The Vietnam Telecommunications ...
Nokia and Ericsson Selected for 5G Deployment in Thailand
Thai mobile operator DTAC has selected Nokia as its first 5G radio access network (RAN) partner in a three-year deal covering the north and northeastern regions of Thailand. ...
Indonesia’s E-Commerce Sector Number One in South East Asia
According to research undertaken by Bank DBS Indonesia, the country has the highest rate of e-commerce in South East Asia. Since 2019, 90% of internet users in Indonesia have ...
PUB Awards Contract for Industrial Water Treatment Modules
In late December 2020, the Public Utilities Board (PUB) announced that it would award a SGD 237 million (USD 180 million) contract to the China State Construction Engineering ...
UK – Singapore Free Trade Agreement Comes into Force
A new trade agreement between Singapore and the United Kingdom, the United Kingdom – Singapore Free Trade Agreement (UKSFTA), has officially come into force as of 1 Jan 2021, ...
Indonesia to Strengthen Underwater Security
Following the recent discovery of an Unmanned Underwater Vehicle (UUV) near Selayar Island in South Sulawesi, Indonesia looks to strengthen its underwater security and ...
Tariffs for ANZ Dairy Exports to Thailand Removed Progressively
Among South East Asian countries, Thailand is the largest producer and exporter of dairy products. In producing these items, Thailand is import-dependent for raw materials ...
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