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 Passes Bill to Regulate Transboundary Movement of Plastic Waste

In February 2020, the Singapore parliament passed the Hazardous Waste (Control of Export, Import And Transit) Amendment Bill to comply with amendments to the Basel Convention ...

Singapore Partnering with International Chamber of Commerce for Digitization of International Trade

Alongside the annual World Economic Forum Annual Meeting in Davos in January 2020, the International Chamber of Commerce (ICC) joined the Singapore government and a growing ...

Singapore Aims for All Vehicles to Run on Cleaner Energy by 2040

In the 2020 budget, the Singapore government laid out a vision is to phase out ICE (internal combustion engine) vehicles and have all vehicles run on cleaner energy by 2040. ...

Sembcorp to Build One of World’s Largest Single Floating PV Systems in Singapore

Singapore-headquartered energy, marine and urban development group, Sembcorp Industries (Sembcorp) announced on 10 February 2020 that its wholly-owned subsidiary Sembcorp ...

New Singapore Hub to Standardize Digital Solutions Across Collins Aerospace’s MRO Network

Collins Aerospace Systems opened a 10,000 square foot Innovation Hub in Singapore on 11 February 2020. The Hub will standardize advanced digital technology solutions across ...

Aerospace Companies to Invest SGD 500 Million in Singapore Over 5 Years

At the Singapore Airshow 2020, aerospace companies committed SGD 500 million (USD 360 million) of new investments in Singapore over the next five years. JTC, the government ...

Relief Measures for Retailers and Other Corporates in Singapore Affected by COVID-19

The three leading Singapore Banks, DBS, Overseas Commercial Bank of China (OCBC) and United Overseas Bank (UOB) have announced relief measures for corporate small and medium ...

Price Cap to be Implemented on Certain Drugs in the Philippines

Maximum Retail Prices (MRP) and Maximum Wholesale Prices (MWP) of more than 130 types of drugs will eventually be regulated as a result of Executive Order 104 or “Improving ...

Philippines Welcomes Pioneering Fully-Automated Cold Storage Facility

Filipino-owned ORCA Cold Chain Solutions has inaugurated the first-ever fully-automated cold storage facility in the Philippines located in Bagumbayan, Taguig City. Apart ...

Philippines Orders 12 Cargo Helicopters from Russia

President Rodrigo Duterte confirmed that the Philippines had placed an order of 12 cargo helicopters from Russia during an interview with a Russian television network. The ...

Philippines Hoping to Achieve ‘A’ Credit Rating Within Two Years

According to Bangko Sentral ng Pilipinas Governor, the Philippines is on its way to achieve an “A’’ credit rating grade by international debt rating agencies. Since 2013, the ...

Philippine Economic Zone Authority Plans to Build Defense Industrial Zones

The Philippine Economic Zone Authority (PEZA) is planning to transform several economic zones in the country into defense industrial complexes where military equipment and ...

Maynilad Water Services Earmarks PHP 1.1 Billion for Estero Rehab

Maynilad Water Services, Inc. (Maynilad) is investing around PHP 1.1 billion (USD 27.1 million) over a period of three years to rehabilitate five esteros (estuaries) in ...

Leading Online Food Delivery Platform in the Philippines Launches “Cloud Kitchen” Concept

GrabFood, the leading online delivery platform in the Philippines, has introduced its first ever GrabKitchen in the country, a central kitchen wherein food establishments are ...

GE Renewable Energy Rehabilitating One of the Largest Hydropower Plants in the Philippines

GE Renewable Energy, a global leader in advanced technology and services focusing on wind, hydro, solar, hybrid power generation and grid solutions, announced that it has ...

US-Based Lam Research to Open New Production Facility in Penang State

Lam Research Corporation, a California-headquartered global supplier of innovative wafer fabrication equipment and services to the semiconductor industry has selected Batu ...

Two Singaporean Firm Sign PPAs to Supply Solar Power to Corporates in Malaysia

In January 2020, two Singaporean solar companies namely Cleantech Solar and Blueleaf Energy signed long-term power purchase agreements (PPA) with Ambu Sdn Bhd and Robert ...

Telcos Collaborating for 5G Use Case Demonstration Projects Across Malaysia

In line with Malaysia’s current goal to implement 5G Infrastructure nationwide by 2023, various local telecommunication (telco) providers are undertaking 5G demonstration ...

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