Merck and Indonesia’s state-owned pharmaceutical holding company PT Bio Farma have entered a licensing agreement for the state-owned drug manufacturer to produce the MSD four-valent HPV vaccine locally. The pact is part of the country’s efforts to launch a national...
SEA Limited (SEA Ltd), a Singapore-based e-commerce giant and the parent company of Shopee, the largest pan-regional e-commerce platform in Southeast Asia and Taiwan, has committed to expanding its investments in Malaysia. SEA Ltd plans to develop a cloud computing...
SGTech, a trade association for the tech industry, has proposed nine recommendations to the Ministry of Finance to develop digital trust capabilities, provide skill-based assessments for tech talent recruitment and training, and encourage sustainability in Budget...
An entire chapter on climate change was recently added to the Philippine Development Plan (PDP) 2023-2028, entitled “Chapter 15: Accelerate Climate Action and Strengthen Disaster Resilience.” The chapter identified the goal for communities, institutions and the...
The Ministries of Industry and Finance have joined forces to launch a new program of tax incentives designed to encourage businesses to reduce their use of non-biodegradable plastics and cut down on plastic waste. The tax reduction amounts to around 25% of what...
Obayashi Corporation, PT. Wijaya Karya, JFE Engineering Corporation and PT. Jaya Konstruksi Manggala Pratama, have formed a joint venture company OWJJ JV, which has been awarded the EPC contract by the Directorate General of Human Settlements, Ministry of Public Works...
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 take advantage of opportunities brought about by the recovering global economy. According to...
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) worth of contracts to be signed – more than double the MYR 4 billion (USD 0.6...
Singapore launched the Environmental Services Industry Transformation Map (ES ITM) 2025 in January 2023, which aims to improve productivity and raise standards in the environmental services industry by 2025. NEA’s refreshed plan to transform the industry also aims to...
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 6 billion (USD 108.6 million) more than the amount allocated in 2022. This includes PHP 27.5...
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 chain presently operates 87 locations across seven cities in Vietnam, 50 of which are in Ho Chi Minh...
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 expects that virtual banks would operate in a sustainable manner to ensure responsible...
