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’s Annual GDP Affected Due to War and Covid-19 Disruptions

In the first quarter of 2022 Singapore's economy showed promising growth, way more than was previously estimated. However, the annual GDP will stay in the lower half of the ...

Study on the Indonesian Tidal Power Resources

The state-owned companies, Indonesian Power and PLN together did a feasibility study on Larantuka Traits conducted by UK’s tidal energy companies, SBS International and SBS ...

Chevron and Pertamina Sign MOU for Lower Carbon Power Resources

Chevron New Ventures Pte. Ltd. (Chevron) on behalf of Chevron Corporation and Indonesian state-owned company, PT Pertamina, have signed an agreement on new lower-carbon ...

Jakarta’s Expansion Plans with Help From Alsom

PT Jakarta Mass Rapid Transit (MRT) and Alsom, a global leader in sustainable solutions, signed a Memorandum of Understanding (MoU) to join hands and work on the development ...

Telkom and Microsoft Expand Partnership to Accelerate Indonesia’s Digitization

PT Telkom Indonesia (Persero) Tbk and Microsoft have signed a strategic partnership agreement to accelerate Indonesia’s national digitalization, strengthen the country’s ...

Electric Vehicle Industry Development Act (EVIDA) Signed into Law; Envisaged to Bring In High-Tech Investments

Republic Act 11697 or the Electric Vehicle Industry Development Act or EVIDA, which was signed into law by the outgoing President Rodrigo Duterte, is poised to attract ...

Philippines’ Department of Science and Technology Proposes Collaboration with Italy’s Ministry of University and Research

The Philippines and Italy are hoping to sign a mutual agreement for collaborating not just on science and health but also in other areas of strategic interests such as ...

Shoppymore Introduces Malaysia’s Newest and Safest e-Commerce Platform

Malaysia welcomes its newest e-commerce website, Shoppymore, an online retail platform offering sellers and shoppers the safest and most satisfying online shopping ...

US-based Indium Corp Invests USD 56.8 Million in Manufacturing Plant

US-based global materials supplier Indium Corp is investing MYR 250 million (USD 56.8 million) in a new manufacturing plant in Penang. The company supplies to the electronics ...

Straits Trading, Malaysia Smelting Unveil Flagship Development Straits City Masterplan

Singapore-based The Straits Trading Co Ltd and Malaysia Smelting Corp Bhd have unveiled the master plan for Straits City, its flagship development in Butterworth, Penang. It ...

DICT Urges More Satellite System Players to Enter the Philippines

The Philippine Department of Information and Communications Technology (DICT) held a public consultation with Satellite Systems Providers or Operators (SSPOs) on May 26, ...

South Korea Extends USD 56.6 Million Loan for the PGN Island Bridges Project

The Korean Government has extended USD 56.6 million in loans to the Philippines government for engineering services needed for the 32-kilometer Panay-Guimaras-Negros (PGN) ...

Swimlane Establishes Regional Headquarters in Malaysia, Aims for Expansion

US-based security automation developer, Swimlane, is setting up a regional headquarters in Kuala Lumpur as part of its expansion plan into the Asia Pacific. Swimlane has ...

Cargill Multiplies Production of its Tapioca Syrup in Indonesia

Cargill, a global food corporation headquartered in Minneapolis, has extended the processing capabilities of its sweetener facility in Cikande, Indonesia, to more than double ...

Bluebird Group Appoints Darktrace to Defend Against Cyber-Threats

Darktrace, a global leader in cyber security AI, announced that Bluebird Group, an award-winning Indonesian transportation company, has chosen Darktrace AI to intercept ...

Korea’s Hyundai Bested Turkey’s Asfat Over Patrol Vessel Offer

The Philippine Navy, which has been retiring World War II-era ships since 2020, has been on a buying spree for replacement with brand-new and refurbished vessels. South Korea ...

Vietnam Seeking Improved Market Access for F&B in the US and the UK

Vietnam´s Deputy Minister of Agriculture and Rural Development recently proposed specific cooperation areas with the UK, such as the development of green and low-emission ...

Thales Cooperating in Vietnam for the Application Satellite Images

The Vietnamese Ambassador to France recently visited a Thales Group’s facility in Cannes which specializes in developing technology solutions for satellite, aerospace, ...

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