In March 2022, German multinational software company SAP announced that it had launched SAP Labs Singapore, a digital innovation hub that is expected to help drive product leadership, foster local digital talent, and boost ecosystem and community engagement. Such a...
Malaysian Cocoa Board (MCB), the federal statutory agency responsible for the cocoa industry, is collaborating with several partners to build the first smart cocoa plantation plan in the country. MCB has signed a memorandum of understanding (MoU) with Agrocloud Sdn...
Amid the COVID-19 pandemic threats to public health and the environment, the National Solid Waste Management Commission (NSWMC) and the Japanese government are working together to establish guidelines for the accurate characterization of wastes for the use of local...
The Indonesian Navy plans to acquire French Scorpene-class submarines, which are jointly built by French shipbuilder Naval Group and Spain’s Navantia, and feature a modular design that can carry a large payload at reduced manning and lifecycle costs. The boats are...
Medtecs International, the world’s leading provider and distributor of personal protective equipment (PPE), is in talks with the government to put up a nearly USD 2-billion industrial town that would produce PPE, electric vehicles (EVs), and textiles, among others,...
Switzerland, the 10th largest foreign investor in Indonesia in 2021, with an investment value of USD 599.8 million via 281 projects, has signed a three-year memorandum of understanding (MOU) with Indonesia in order to improve the investment environment. The MOU was...
The Singapore Institute of Technology (SIT) has announced that the Singapore Power Group (SP) plans to invest up to an additional USD 6 million to enhance the microgrid it plans to build on SIT’s future Punggol Campus. This enhancement is almost double that of its...
Investments in cold storage facilities in Vietnam have begun to take off in recent years as a result of rising demand. According to Savills, a global services firm specializing in real estate, Vietnam’s cold storage industry is surging and is expected to reach...
Thailand has just relaxed tax rules for investments in digital assets. The bid to promote the industry follows a rapid growth in cryptocurrency trading in Southeast Asia’s second-largest economy. The Finance Minister explained that new rules allow traders to...
Manila Electric Co. (Meralco) is allotting PHP 149.66 billion (USD 2.9 billion) for its capital expenditure (capex) program in the next four years. On a per year basis, Meralco has set a capex budget of PHP 37.53 billion (USD 718.9 million) for 2023; PHP 43.5 billion...
The Singapore Armed Forces (SAF) has announced that it plans to launch the Digital & Intelligence Defense as a fourth service by the last quarter of this year to more tightly integrate its capabilities in dealing with a spectrum of security threats, including...
The next construction phase for Long Thanh International Airport commenced at the end of March 2022. Contractors moved on to the passenger terminal after more than a month of leveling the ground for the Long Thanh International Airport project. The project’s...
