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

Wabtec to Supply Brake Systems for Singapore Mass Rapid Transit (MRT)

Wabtec (Westinghouse Air Brake Technologies) has won an order from the Hyundai Rotem Company to supply key components for train cars to Singapore Mass Rapid Transit’s (MRT) ...

Thailand’s Industrial Estates Likely to Expand in 2021

According to Colliers International Thailand, in 2021, land sales and leases will grow by 5-10% on average or 2,500-3,000 rai, thanks to government investment and ...

Philippine Department of Transportation Ramps Up Airport Construction Projects

The Department of Transportation (DOTr), in partnership with the Civil Aviation Authority of the Philippines (CAAP), has completed 121 airport projects to date. It ...

New Metro Project Approved for Hanoi

Vietnam's Ministry of Transport has approved Hanoi's proposal to construct the city's 5th Metro Line and has submitted an application to the Ministry of Investment and ...

Indonesia Signs Close to 1,000 Infrastructure Deals

In 2021, the Indonesian Ministry of Public Works and Housing signed 982 infrastructure procurement packages worth USD 889.2 million as of January 15, 2021. To speed up ...

First Automated Rapid Transit BRT System Arrives in Iskandar Malaysia for Testing Phase

The first automated rapid transit (ART) system has arrived in Johor for the state’s bus pilot testing program. The system will be implemented in Iskandar Malaysia in the ...

Visa Partners with Moneygram to Launch P2P Payment to Vietnam

MoneyGram International, Inc., a global leader in cross-border P2P payments and money transfers, and Visa, the world's leader in digital payments, have launched a real-time ...

Siam Commercial Bank Launches USD 50 Million Fund for Blockchain-focused Startups

SCB 10X, the venture arm of Thailand's Siam Commercial Bank, has announced the launch of a new fund worth USD 50 million. The fund will invest in early- and growth-stage ...

Sea Group Acquires Indonesian Bank to Grow Digital Banking

Singapore’s tech company Sea Limited, which owns e-commerce platform Shopee and game developer Garena, has acquired Indonesia’s Bank Kesejahteraan Ekonomi (Bank BKE) by ...

Singapore among Top Five Data Center Markets Globally

Singapore is ranked fifth globally in terms of data center market competitiveness, according to Cushman & Wakefield's 2021 Global Data Center Market Comparison report. ...

Malaysia Airports to Implement Facial Recognition System in Place of Boarding Pass

Malaysia Airports Holdings Bhd (MAHB) will implement facial recognition technology in Kuala Lumpur International Airport (KLIA). This initiative will replace the use of a ...

Bidders Invited for the Construction of National Fiber Backbone in the Philippines

The Bases Conversion Development Authority (BCDA), a state-owned enterprise mandated to develop former military assets (particularly land assets) into industrial centers, has ...

Unovis Invests USD 2 Million into Indonesian Plant-based Meat Startup

Unovis Asset Management has invested in Green Butcher, an Indonesian-based startup that is developing plant-based alternatives to chicken and beef using natural, whole-food ...

Singapore Launches Multi-Ministry Green Plan 2030

The Singapore Green Plan 2030,  launched on February 10, 2021, will be spearheaded by five ministries – the Ministries of Education, National Development, Sustainability and ...

Maynilad Opens New Water Lab

Maynilad, the largest private water concessionaire in the Philippines in terms of customer base, announced that it has opened its new and expanded Water Laboratory, which ...

More Than 50 Tons of Pharmaceutical Waste Disposed Monthly in Malaysia

Malaysia’s hazardous waste management expert, Kualiti Alam Sdn Bhd, has reported that it collects more than 50 tons of pharmaceutical waste every month from pharmaceutical ...

EU Cooperates with Vietnam in Plastic Waste Management

The European Union is partnering with the Vietnamese Ministry of Natural Resources and Environment (MoNRE) and other stakeholders in improving plastic waste management in ...

ADB Announces USD 2 Million Grant for Climate-Smart Agriculture and USD 50 Million to Renewable Energy Company

The Asian Development Bank (ADB) and the Government of Thailand recently announced a USD 2 million technical assistance grant to help promote the adoption of climate-smart ...

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