Several international beverage brands are tapping into the Malaysian market, taking advantage of the growing number of upscale urban shopping centers. Notable entrants, including Café Kitsuné, Heytea, Reborn Coffee, and Cotti Coffee, consider Malaysia as a strategic...
The Philippine Economic Zone Authority (PEZA) aims to achieve a minimum of 15% growth in approved investments for the year 2024. PEZA Director General Tereso Panga stated that the target for 2024 is PHP 202 billion (USD 3.6 billion), representing a 15% increase from...
The UK’s Department for Business and Trade (DBT) and the British Embassy in Manila hosted a Trade Mission last 29 November – 1 December composed of National Health Service (NHS) Organisations who met with healthcare leaders in the Philippines to explore collaborations...
The Philippine retail scene, traditionally dominated by giants like SM, Robinsons Retail, and Puregold, faces a potential disruptor in DALI, a Swiss grocer quietly gaining traction with support from the Asian Development Bank (ADB). As a hard discount retailer,...
As the Armed Forces of the Philippines (AFP) gains ground in its anti-insurgency efforts, the focus is shifting towards bolstering external defense capabilities. This involves adapting the AFP Modernization Program (AFPMP) in Horizon 3 to safeguard the country’s...
President Ferdinand R. Marcos Jr. and Department of Trade and Industry (DTI) Secretary Alfredo Pascual have met with Silicon Valley Technology companies and investors for a discussion of possible partnerships in utilizing artificial intelligence (AI) technology,...
Research firms, including CGS-CIMB, MIDF, and Maybank Investment Bank Research, anticipate a positive trajectory for Malaysia’s economy in 2024. Projections range from 4.4% to 4.7% GDP growth, with the optimistic outlook primarily attributed to resilient...
The Asian Development Bank (ADB) and ACEN Corporation have signed a sustainability-linked loan of up to PHP 5.5 billion (USD 100 million) to boost solar energy capacity in the Philippines and support the country’s energy transition goals. The proceeds will fund ACEN’s...
Hundreds of hospitals in the Philippines could face partial or total shutdown from extreme weather events caused by climate change by the end of the century if fossil fuels are not phased out, a report by climate risk analysis organization XDI suggested. The...
Pocket PangPang, Korea’s single-price mobile shopping platform, officially began its service in Thailand in December 2023. Pocket PangPang is a new kind of mobile shopping mall that took the grand prize in the 2023 Korea Consumer Satisfaction Index Awards among...
Japanese automaker Honda Motor has started producing its electric vehicles (EVs) in Thailand and will begin selling them in the Southeast Asian country in the first quarter of 2024. Honda has thus become the first Japanese manufacturer to produce passenger EVs in...
Thailand is seeking USD 28 billion in investment to build what it calls a “land bridge” across the narrow southern part of the country. The Southeast Asian nation intends to offer an alternative, shorter path for cargo crossing the Pacific and Indian oceans without...
