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
USD 20 Million Merger Forms Singapore’s Largest Plant Superfood Ecosystem
Future Food Foundry (3F), a UAE-based agri-food technology company, has invested over USD 20 million to merge NextGen Farms (NGF) and Sustenir Group, creating Singapore’s ...
Singapore Strengthens Maritime Defense with Commissioning of Invincible-Class Submarines
Singapore has officially commissioned its first two Invincible-class submarines, RSS Invincible and RSS Impeccable. This milestone marks a significant upgrade in the Republic ...
Singapore Attracts Strong FDI Amid Global Shifts
Singapore has continued to attract substantial foreign direct investment (FDI) amidst global corporate changes, with the Economic Development Board (EDB) securing SGD 5.4 ...
Singapore to Import 1.4 GW of Low-Carbon Electricity from Indonesia to Strengthen Energy Security
The Singapore government has granted conditional approvals to import 1.4 gigawatts (GW) of low-carbon electricity from two major solar power projects in Indonesia, supporting ...
Singapore Expands Newater Capacity to Meet Growing Water Demand
Singapore is increasing its Newater production capacity by 50 million gallons per day with the planned expansion of the Tuas Newater Factory. Announced by the national water ...
Qritive Joins Forces with Roche to Redefine Global Cancer Diagnostics with AI
Qritive, a digital pathology and AI company based in Singapore, has announced a strategic collaboration with Roche to advance cancer diagnostics by integrating its AI-powered ...
Singapore Unveils Smart Nation 2.0 with Focus on Growth, Community, and Trust
Singapore has launched Smart Nation 2.0, a renewed strategy to deepen digital transformation across society and secure its leadership in technological innovation. Since the ...
Singapore to Begin Construction of Changi Airport’s Terminal 5 in 2025
Singapore will commence construction on Changi Airport’s new Terminal 5 in the first half of 2025, marking a significant step in the city-state’s plans to enhance its ...
dsm-firmenich Boosts Innovation and Production with New Facilities in Singapore
dsm-firmenich has unveiled two new facilities in Singapore’s Tuas region, strengthening its innovation and manufacturing capabilities within the Asia-Pacific region. ...
FairPrice Group Expands Thai Food Offerings Through Partnership with Central Food Retail Group
FairPrice Group (FPG) has signed a partnership agreement with Thailand’s Central Food Retail Group (CFG) to expand the selection of Thai food products available in Singapore, ...
Thailand’s Retail Sector Set to Be Boosted by Cash Handouts
Wholesalers and retailers across Thailand express optimism regarding the government’s THB 10,000 (USD 300) cash handout under the Digital Wallet scheme aimed at ...
Philippines Unveils Agriculture Modernization Program to Boost Infrastructure and Productivity
The Department of Agriculture (DA) has launched a four-year program aimed at modernizing the Philippines’ agriculture sector, with a focus on improving infrastructure ...
Philippines Moves to Strengthen Defense with US-Made Typhon Missile System
The Armed Forces of the Philippines (AFP) is advancing its defense modernization efforts by pursuing the procurement of the U.S.-made Typhon Mid-Range Capability (MRC) ...
MIDC and PhilTower Finalize Telecom Infrastructure Partnership
MIESCOR Infrastructure Development Corp. (MIDC) and PhilTower Consortium, Inc. have finalized a joint venture aimed at enhancing telecom infrastructure and accelerating the ...
Construction of Lapu-Lapu Expressway to Begin in 2025
The construction of the 12-kilometer Lapu-Lapu Expressway (LLEX), the first expressway in the Visayas and Mindanao regions, is set to begin next year. This was confirmed by ...
First Disney Store in Southeast Asia Opens in Manila
The first Disney Store in Southeast Asia has officially opened its doors at SM Mall of Asia in the Philippines, marking a significant addition to the region’s retail ...
Philippines Opens First Electric Vehicle Battery Plant
President Ferdinand Marcos inaugurated the Philippines’ first electric vehicle (EV) battery factory on September 30, 2024, emphasizing its importance for the future of ...
L’Oréal and Watsons Launch First Green Business Partnership in the Philippines
L’Oréal and Watsons have partnered to launch the first green joint business plan in the Philippines’ beauty and wellness sectors. This initiative addresses the pressing ...
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