Business News

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

Singapore Ranked the Most Competitive Economy Among 67 Nations

The 2024 IMD World Competitiveness Ranking (WCR) has ranked Singapore as the most competitive economy out of 67 globally. This marks a return to form for Singapore, which ...

Cathay and Singapore Airlines to collaborate on sustainability initiatives

Cathay and Singapore Airlines (SIA) have signed a Memorandum of Understanding (MoU) to collaborate on various sustainability initiatives, focusing on the development and use ...

New Benchmark for Specialty Retail in Singapore

Manhattan Associates Inc., in collaboration with Google Cloud and Zebra Technologies, has unveiled the first Unified Commerce Benchmark for Specialty Retail in Singapore. ...

Insect Protein Companies Eye Singapore Market with Anticipated Regulatory Approval

Insect protein companies are eagerly anticipating the upcoming regulatory framework from the Singapore Food Agency (SFA) that will allow the sale of insect-based food ...

Changi Water Reclamation Plant to Expand for Growing Industrial Demand

Singapore’s national water agency, PUB, has announced a tender for the third expansion of the Changi Water Reclamation Plant to meet growing industrial water demand in ...

LTA Awards SGD 242 Million Contract for CRL Phase 2 Tunneling Project

The Land Transport Authority (LTA) of Singapore has awarded an SGD 242 million (USD 180 million) civil contract to the joint venture of Nishimatsu Construction Co., Ltd. and ...

Synapxe Launches HEALIX Cloud-Based Analytics for Healthcare

Synapxe, Singapore’s national HealthTech agency, has launched HEALIX, a cloud-based analytics platform aimed at transforming the public healthcare sector. HEALIX is ...

EMA Launches Second Request for Proposal for New Generation Capacity to Meet Growing Electricity Demand

The Energy Market Authority (EMA) of Singapore has launched a second Request for Proposal (RFP) to address the country’s growing electricity demand. This RFP is part of ...

Singapore Secures USD 7.8 Billion Chip Plant from NXP and TSMC-backed Vanguard

TSMC-backed Vanguard International Semiconductor and Dutch chip giant NXP are set to build a USD 7.8 billion wafer manufacturing plant in Singapore. Vanguard will hold a 60% ...

Google Expands Data Center Investment in Singapore to USD 5 Billion

Google has increased its investment in Singapore, raising its total commitment to USD 5 billion with the completion of its fourth data center in the country. This development ...

France-Based Salomon Opens First Brand Store in Malaysia

Salomon, France-based global leader in outdoor trail gear, has launched its inaugural brand store in Malaysia, located at The Exchange TRX. The new store showcases Salomon’s ...

Chery Launches First ASEAN Assembly Plant in Malaysia

Chery Corporate Malaysia Sdn Bhd has inaugurated its first local assembly plant in Shah Alam, Selangor state of Malaysia, for its premium SUV sub-brand, Jaecoo. This ...

Nextgreen and SPOIC Announce Joint Venture for Green Technology Park in Sabah

Nextgreen Global Bhd, a Malaysian developer specializing in green economy initiatives, has signed a memorandum of understanding (MoU) with Sawit Palm Oil Industrial Cluster ...

Singapore’s Singtel and Malaysia’s TM Partner for Largest AI Data Centre Development

Singtel, Singapore’s telecommunications company, through its regional data center arm Nxera, and Malaysian telco provider, Telekom Malaysia (TM) are collaborating to develop ...

Asia’s First Advanced Implant Strategies Centre of Excellence Debuts in Penang

Dontia Alliance (DA), Asia-based dental solutions company has introduced its first Advanced Implant Strategies Centre of Excellence or CoE (AIS Centre) in Penang, Malaysia. ...

Solarvest to Develop 1 GW Green Energy Project in Malaysia and Taiwan

Solarvest, Malaysia’s largest publicly listed solar company by market value, is partnering with Taiwanese renewable energy firm GreenRock Energy to drive green energy ...

Malaysia Maintains Its Status as a Top 5 World LNG Exporter

The International Gas Union’s latest annual LNG report indicates that Malaysia retained its position as the fifth largest exporter of liquefied natural gas (LNG) in 2023, ...

Malaysia Sees USD 18.2 Billion Investment in Q1 of 2024, Creating 29,000 New Jobs

In the first quarter of 2024, Malaysia exhibited robust economic performance with approved investments totaling MYR 83.7 billion (USD 18.2 billion) across various sectors, ...

Explore Our Services