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 Embarks on Digital Bunkering Project

In mid-October 2023, the Singapore Maritime and Port Authority (MPA) announced the launch of a digital bunkering initiative, to be implemented on 1 November 2023, replacing ...

Singapore E-Waste Company Launches Battery Recycling Plant in the City-State

In late October 2023 Singapore E-Wate and Battery Recycling Company KGS officially launched its new battery recycling plant, the company’s first recycling plant and the third ...

Monetary Authority of Singapore Selects Finalists for the AI in Finance Global Challenge

In October 2023, the Monetary Authority of Singapore (MAS) unveiled the 19 finalists that would take part in the Artificial Intelligence (AI) in Finance Global Challenge, ...

Monetary Authority of Singapore Selects Finalists for the AI in Finance Global Challenge

In October 2023, the Monetary Authority of Singapore (MAS) unveiled the 19 finalists that would take part in the Artificial Intelligence (AI) in Finance Global Challenge, ...

Singapore to Provide Mental Health Services Under New National Strategy

A joint press release by the Ministry of Health (MOH) and the Ministry of Social and Family Development (MSF) in October 2023 announced the launch of a national mental health ...

Senoko Energy Opens First-ever Solar Energy Trading Platform in Singapore

Electric utility company Senoko Energy recently announced the launch of SolarShare 2.0, the first-ever commercially available peer-to-peer grid-scale solar energy trading ...

Airbus and Singapore’s Air Forces Complete Automatic Refueling

Airbus has announced the completion of a series of automatic air-to-air refueling between an A330 multi-role tanker transport (MRTT) and the Republic of Singapore’s Air ...

Tender for Five Vegetable Farming Sites Launched to Boost Singapore’s Food Resilience

The Singapore Food Agency (SFA) recently announced the launch of a tranche of 5 land parcels for vegetable farming in the Lim Chu Kang and Sungei Tengah area, with public ...

Malaysia to Procure New Assets for Armed Forces and Border Control Authority

The Malaysian Defence Ministry (MINDEF) is set to receive MYR 19.7 billion (USD 4.2 billion) in the Budget 2024 allocation, while the Malaysian Home Ministry will be ...

VCI Global, Agroz to Build Large-Scale AI Smart Greenhouses in Malaysia

VCI Global Limited, a Nasdaq-listed tech and business consulting group has announced a strategic partnership with Agroz Group Sdn Bhd, a leading Malaysian indoor vertical ...

MDEC Surpasses National Target, Reaches USD 23 Billion in Digital Technology Investment

The Malaysian Digital Economy Corporation (MDEC), a key government agency driving digital transformation, has announced that it has exceeded expectations by facilitating MYR ...

UAE’s Masdar Commits USD 8 Billion Investment in Malaysia’s Renewable Energy Development

Malaysia is set to expedite its shift towards renewable energy with an investment of USD 8 billion from Masdar, one of the world’s leading renewable energy companies ...

MITI Launches i-ESG Framework for Sustainable Manufacturing in Malaysia

The Malaysian Ministry of Investment, Trade, and Industry (MITI) has introduced the National Industry Environmental, Social, and Governance Framework (i-ESG Framework) Phase ...

SMITH Collaborates with EXIM Bank to Establish Medical Glove Manufacturing Plant in Sarawak

The Sarawak Medical Innovation Technology Hub Sdn Bhd (SMITH) has inked an agreement with the Export-Import Bank of Malaysia Bhd (EXIM Bank) to develop a medical glove ...

NTT Ltd and Princeton Digital Group Propel Malaysia’s High-Tech Infrastructure Growth

Malaysia continues to attract strategic high-tech projects, particularly data centers, positioning the country as a digitally connected nation with robust digital ...

Malaysia Sets 5G Milestones as Petronas Leads with Private Network, DNB Alliance Achieves World’s Fastest Trial

Malaysia is undergoing a digital transformation with groundbreaking 5G technology, exemplified by Petronas as the first to adopt a private 5G network. Additionally, a ...

LONGi Injects USD 385 Million Into Serendah Module Plant, Elevating Malaysia’s Sustainable Energy Sector

LONGi Malaysia Sdn Bhd, a subsidiary of the world-leading photovoltaic panel manufacturer LONGi Green Energy Technology Co. Ltd, has officially inaugurated its Serendah ...

Signify and MJT Open Malaysia’s First Philips Professional Lighting Concept Store

Signify, a leading global lighting company headquartered in the Netherlands, has introduced Malaysia’s first Philips Professional Lighting Concept Store at Tabuan ...

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