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

Indonesia and Japan’s Palm Kernel Shells Agreement Worth USD 138.2 Million

Indonesia and Japan entered into a USD 138.2 million worth of palm kernel shells trade contract for Indonesia’s renewable energy requirements. The agreement was signed on ...

New Factory Plans for Mazaraat Artisanal Cheese in Indonesia

Mazaraat Artisanal Cheese, the Indonesian handmade cheese brand, is building a second factory, which will quadruple its daily output. The founder, Jamie Najmi, stated that ...

USGC Signs Ethanol MoU During the USDA Agricultural Trade Mission in the Philippines

The U.S. Grains Council (USGC) staff and ethanol industry representatives recently explored the thriving market of the Philippines during a USDA agricultural trade mission ...

Philippines and the United States Collaborating on Clean Energy Initiatives

In a joint press conference with US Secretary of State Antony Blinken and Philippines´ Foreign Affairs Secretary Enrique Manalo, the two parties agreed to further enhance ...

Globe Puts Up Sale-Leaseback for Over 5,709 Towers; Largest Tower Sale in the Philippines to Date

Seeking to further expand data-related offerings and repay debts, Globe Telecommunications, one of the Philippines’ major telecommunications providers, will be selling 5,709 ...

DTI and UNIDO Partners to Deploy E-Vehicles in Key Cities in the Philippines

The Department of Trade and Industry (DTI), in partnership with the United Nations Industrial Development Organization (UNIDO) recently signed a partnership to deploy ...

Specialty Hospitals Growing in the Philippines

The Department of Health (DoH) of the Philippines has kickstarted the implementation of the Philippine Health Facility Development Plan (PHFDP), which foresees the ...

Philippines to Enjoy Duty Free Market Access to the UK

The UK Department for International Trade in the Philippines recently announced that more than 80% of exported Filipino products, and 99% of total goods by value exported ...

The Philippines to Buy Chinook Helicopters from the US, Scraps Deal with Russia

It has been reported that the Philippines is currently considering buying Chinook helicopters from the United States. The development would follow the cancellation of a ...

Cargill Invests in ProfilePrint and Launch of a Compact Urban Farm with Four Times the Usual Productivity

Global food corporation Cargill is the most recent among the list of high-profile corporate investors in Singapore food grading start-up ProfilePrint, putting in an ...

CEMEX Philippines Unveils Low Carbon, Eco-friendly Vertua Product Line

Cement company CEMEX Philippines recently showcased its low carbon, eco-friendly Vertua product line and sustainability efforts during the Department of Public Works and ...

URC Partners with Asahi to Venture into Cultured Milk Category

Universal Robina Corp. (URC), one of the Philippines’ largest food companies, is expanding into the PHP 6.5 billion (USD 112.9 million) cultured milk category with a new ...

Philippine Home Needs Retailer Continues Store Network Expansion

AllHome, the country’s one-stop full-line home center, is ramping up expansion as it banks on sustained optimism among consumers in the post-pandemic scenario. “The ...

Nanomix Enters into Distribution Agreement for Its Mobile Diagnostic Platform in Singapore and Brunei

Nanomix, an American developer of mobile, affordable, point-of-care diagnostics, has recently announced that it has entered into a distribution agreement with Bioasia, a ...

Singapore and Rotterdam Collaborate to Develop a Sustainable and Digitalized Shipping Industry

The Maritime and Port Authority of Singapore (MPA) and the Dutch Port of Rotterdam have signed a memorandum of understanding (MOU) to develop a sustainable and digitalized ...

Dirgantara Indonesia Agrees on MRO Contract Worth USD 150 Million for C-130 Planes

Dirgantara Indonesia, a state-owned aerospace company, and Unity Accipiter Corporation (UAC), a Unity Resources Group subsidiary located in California, have signed a general ...

IoT and AI Services in Improving Utilization of Indonesian Geothermal Power Plant

Japanese Toshiba Energy Systems & Solutions (ESS) Corporation, through its Indonesian subsidiary, Toshiba Asia Pacific Indonesia, announced a deal with PT Geo Dipa ...

Malaysia and Qatar to Explore Collaboration in Economic Fields

Malaysia and Qatar hope to elevate their bilateral relationship through cooperation in economic fields like Islamic financing and the digital economy. The announcement was ...

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