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

Smart and Green Poultry Factory Being Set up in Singapore

Singapore Poultry Hub Pte Ltd (SPH) is setting up the first smart and green factory for the poultry industry in Singapore. Singapore Poultry Hub is a joint venture among five ...

Singapore’s Aviation Authority Announces Research Collaborations with Thales and SITAONAIR

On 27 September 2019, the Civil Aviation Authority of Singapore (CAAS) and SITAONAIR signed a Memorandum of Understanding (MOU) to explore the deployment of space-based Very ...

Singapore Tops World Economic Forum’s 2019 Global Competitiveness Index

Singapore achieved the top rank in the World Economic Forum's Global Competitiveness Index for 2019. In the 2018 index, it was ranked in the second place behind the US, among ...

Singapore to Introduce Labeling Requirements for Sugar Sweetened Beverages

The Ministry of Health (MOH) of Singapore announced on 10 October that it will introduce mandatory front-of-pack nutrition labels for less healthy pre-packaged sugar ...

Singapore Aims to Reduce Waste Sent to Landfill by 30% by 2030

Singapore launched its inaugural Zero Waste Masterplan in late August 2019, aiming to reduce the amount of waste that Singapore sends to its landfill on Semakau island by 30% ...

Singapore Aiming to Roll Out Four 5G Networks

The Singapore government is planning to roll out four 5G networks in the city state, including two full-fledged networks and two smaller networks based on existing 4G ...

Rooftop Solar Continues to Expand in Singapore

Rooftop solar energy generation continues to grow in Singapore, with leading local solar energy system developer, owner and operator, Sunseap winning a contract in October ...

Infrastructure Asia Forms Partnerships with Multilateral Banks and Governments

At the inaugural Asia Infrastructure Forum (AIF) in Singapore on 2 October, Infrastructure Asia (IA) entered into five partnerships to deepen collaborations with multilateral ...

German Bioabsorable Implant Maker Opens Manufacturing Facility in Singapore

German manufacturer of bioabsorbable orthopedic metal implants, Syntellix, inaugurated a production site in Singapore’s Tuas Biomedical Park on 10 September 2019. ...

Dedicated Data Channel Opened between Singapore and Chonqing, China

The China-Singapore (Chongqing) International Data Channel (IDC) was launched on 11 September 2019, providing a dedicated 260Gbps data channel between Singapore and Chongqing ...

SMIC Targets Nationwide Expansion

SM Investments Corporation (SMIC), the Philippines’ largest conglomerate, has announced plans to ramp up its property and retail projects. SM Prime Holdings, SMIC’s property ...

Railway Development Gets 99% of the 2020 Transportation Infrastructure Budget

In a remarkable move, the Department of Transportation (DOTr) has allotted 99% of its transportation Infrastructure budget for 2020 to the construction, rehabilitation and ...

Philippines to Collaborate with Russia on Nuclear Power Plants

A memorandum of agreement for a prospect of building a nuclear power plants in the county was among the 10 business deals signed by President Rodrigo Duterte during his visit ...

Philippines Receives Record Funding from ADB

The Philippines becomes the third largest recipient of loan funding from the Asian Development Bank (ADB), as the multinational donor aims to support the government in its ...

PayPal and Tinder Co-Founders Raise Seed Capital for Filipino Fintech Startup

PayPal and Tinder’s Co-Founders, together with other venture capital firms Y Combinator, Global Founders Capital, and Soma Capital, have granted a total USD 2.7 million in ...

Consortium Invests USD 685 Million in Metro Pacific Hospitals

Metro Pacific Investments has revealed it will sell a 42.5% stake in the country's largest hospital chain, Metro Pacific Hospitals Inc., to a consortium led by private equity ...

Clark Set for a New Waste-To-Energy Facility

Metro Clark Waste Management Corporation (MCWMC) has submitted an unsolicited proposal to construct a USD 210 million waste-to-Energy facility in Clark, Pampanga. The ...

China’s HBIS and Panhua to Invest in Steel Making in the Philippines

The Philippines’ largest steelmaker, SteelAsia Manufacturing Corp., has signed a memorandum of understanding (MOU) with China’s HBIS Group Limited for their first integrated ...

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