• LG sets up automotive R&D unit in Vietnam

    LG Electronics said Thursday it has elevated its research and development center in Vietnam into a corporate entity as the tech giant seeks to further bolster its fast-growing automotive solutions business. The new unit, called LG Electronics Develop

  • LHFG to expand Taiwan loan portfolio

    Land and Houses Financial Business Group (LHFG), a holding company of LH Bank, aims to grow its Taiwanese banking business more aggressively this year, boosted by manufacturing relocation by multinational and Taiwanese firms to Asean amid deglobalisation.

  • Indonesia on value-adding crusade

    The value of Indonesia’s nickel exports surged tenfold in five years after it forced buyers to set up refineries in the country. Now Southeast Asia’s biggest economy plans to use that blueprint to vault nto the ranks of higher-income economies by processing everything from copper to fish.

  • BYD plans second Asean EV plant

    The Philippines, Vietnam and Indonesia are competing to host another Southeast Asian electric-vehicle assembly plant for BYD Co, the world’s second-largest maker of EVs, according to a Philippine trade and investment official.

  • SCG anticipates 10% revenue growth

    SET-listed Siam Cement Group (SCG), Thailand's largest cement maker and industrial conglomerate, expects its revenue in 2023 to grow by 10% as it aims to gain more income from a petrochemical business in Vietnam and improving economic conditions.

  • Portugal available to support Timor-Leste’s accession to ASEAN

    “We are available for this, to work with Singapore, and with Timor-Leste because of the importance we attach to participation in ASEAN”, the Minister of Foreign Affairs of Portugal, João Gomes Cravinho, said today in Singapore, indicating that this was one of the issues discussed during the meeting he held ...

  • Insurtech to fuel BVG's regional growth

    Blue Venture Group (BVG), Thailand's leading software solution provider for the insurance industry, believes insurtech will drive its business expansion in Southeast Asia as the company attempts to mobilise funds from the local stock exchange.

  • SMEs share transformation stories

    Fifty-five percent of small and medium enterprises in Southeast Asia are optimistic about their business recovery after the pandemic, but they realise they need to make changes to stay competitive, the UOB Asean SME Transformation Study 2022 has found.

  • Korean strawberries showcased in Vietnam

    The Korea Agro-Fisheries and Trade Corporation (aT) said Sunday it had hosted the “Korean Premium Strawberry Launching Show” on Dec. 16, in Hanoi, Vietnam, together with Korea’s Ministry of Agriculture, Food and Rural Affairs and in