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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

French Businesses Eye PH Expansion Ahead of EU-PH Free Trade Deal

May 2025 Philippines, Economy

French firms are stepping up their interest in the Philippine market amid ongoing EU-Philippines free trade agreement (FTA) talks and the launch of direct Air France flights ...

World Bank Approves USD 800 Million Loan to Support Clean Energy and Climate Reforms in the Philippines

May 2025 Philippines, Energy

The World Bank has approved a USD 800 million loan to support the Philippine government’s ongoing shift toward clean energy and greater climate resilience. The funding will ...

UP-PGH Launches Gene-Based Cancer Treatment Facilities

May 2025 Philippines, Healthcare

The University of the Philippines-Philippine General Hospital (UP-PGH) Cancer Institute has inaugurated two new facilities — the Center for Precision Medicine and the Next ...

HDF Energy, PH Government Partner on Green Hydrogen Projects

May 2025 Philippines, Environment

Hydrogène de France (HDF Energy) has signed a Memorandum of Understanding (MoU) with the Philippine Department of Transportation (DOTr), with support from the Mindanao ...

Cebu Mitsumi Expands High-Tech Operations in Cebu

May 2025 Philippines, Manufacturing

Cebu Mitsumi, a subsidiary of Japan’s MinebeaMitsumi Group, has officially broken ground on a new PHP 7.3 billion (USD 128 million) advanced production facility in the MRI ...

Philippines Deepens Collaboration with Korean Firms to Advance Agricultural Mechanization

May 2025 Philippines, Agrifood

The Philippine Department of Agriculture (DA) is strengthening its cooperation with South Korean agricultural machinery manufacturers to support the development of a ...

Fincantieri and TKMS Submit Joint Submarine Proposal for Philippine Navy

May 2025 Philippines, Defense/Aerospace

Italian shipbuilder Fincantieri and Germany’s ThyssenKrupp Marine Systems (TKMS) have signed an Industrial Cooperation Agreement to jointly offer U212-class submarines to the ...

Philippines Strengthens Space Cooperation with EU Through Earth Observation Initiatives

May 2025 Philippines, ICT

The Philippine Space Agency (PhilSA) recently hosted a high-level delegation from the European Union (EU) and 17 EU Member States to highlight ongoing space cooperation under ...

Vertiv Establishes Regional Training Hub in the Philippines to Strengthen APAC Talent Pool

May 2025 Philippines, Infrastructure

Vertiv, a US-headquartered provider of digital infrastructure solutions, has launched a regional training facility in the Philippines aimed at boosting technical expertise ...

Funko Opens First Southeast Asian Retail Store in the Philippines

May 2025 Philippines, Retail/FMCG

US-based pop culture collectibles company Funko, Inc. is set to open its first licensed retail store in Southeast Asia, selecting the Philippines as its launchpad in the ...

Vietnam Recognized as Global Agrifood Powerhouse by FAO

May 2025 Vietnam, Agrifood

Vietnam has emerged as a leading force in global food production, achieving self-sufficiency and becoming a major exporter, according to Máximo Torero, Chief Economist of the ...

Vietnam to Increase US Defense and Security Imports Amid Looming Tariffs

May 2025 Vietnam, Defense/Aerospace

Facing a potential 46% U.S. tariff on its exports, Vietnam has announced plans to boost imports of American defense and security products in an effort to address its ...

Vietnam’s Foreign Investment Soars 35% in Q1 2025

May 2025 Vietnam, Economy

Vietnam attracted nearly USD 11 billion in foreign investment in the first quarter of 2025, marking a 35% increase year-on-year, according to the Ministry of Planning and ...

SUEZ and Sonadezi Launch Joint Venture to Deliver Environmental Solutions at Vietnam’s Largest Industrial Park

May 2025 Vietnam, Environment

SUEZ has entered into a strategic joint venture with Sonadezi, a state-owned Vietnamese industrial park developer, to provide integrated environmental solutions at Chau Duc ...

Vietnam Targets USD 10 Billion Pharmaceutical Market by 2026

May 2025 Vietnam, Healthcare

Vietnam’s pharmaceutical industry is experiencing robust growth, with its market size projected to reach $10 billion by 2026, up from USD 2.7 billion in 2015 and USD 7 ...

French Firm IDEMIA Partners with NAPAS to Advance Digital Payments in Vietnam

May 2025 Vietnam, ICT

French technology company IDEMIA Secure Transactions (IST) has entered into a strategic partnership with Vietnam’s National Payment Corporation (NAPAS) to enhance the ...

Vietnam Opens First Smart International Container Terminal in Hai Phong

May 2025 Vietnam, Infrastructure

Vietnam has inaugurated its first privately developed smart international container terminal, the Hateco Hai Phong International Container Terminal (HHIT), marking a ...

Brazil’s JBS to Invest USD 100 Million in Two Meat Processing Plants in Vietnam

May 2025 Vietnam, Manufacturing

Brazilian meat processing giant JBS S.A. has announced a USD 100 million investment to establish two meat processing facilities in Vietnam, marking a significant expansion of ...

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