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

DEPA Thailand Preparing Bidding Terms for Digital Park Thailand

It is expected that the Thai Digital Economy Promotion Agency (DEPA) will soon issue the terms of reference for the private sector to invest in the Digital Park Thailand ...

Singapore’s Water Utility Opens World’s Largest Ceramic Membrane Treatment Plant

On 29 August 2019, Singapore's national water agency PUB opened a new water treatment plant at Choa Chu Kang Waterworks (CCKWW) that houses the largest ceramic membrane ...

Singapore Launches Trade Finance Compliance E-Service

The Singapore government launched a new government e-service, Trade Finance Compliance (TFC), on its Networked Trade Platform (NTP) in September 2019. The NTP  under ...

Singapore Government Collaborating with Fitbit on Healthy Population Project

American fitness wearables company, Fitbit, announced a collaboration with Singapore’s Health Promotion Board (HPB) on 23 August 2019 on a healthy population project in ...

New Singapore Institute of Technology Campus to Host Multi-Energy Micro-Grid

A new Singapore Institute of Technology (SIT) campus being built in the upcoming Punggol Digital District (PDD) will house the region’s first Multi-Energy Micro-Grid. ...

Linde Building New USD 1.4 billion Integrated Manufacturing Complex in Singapore

On 27 August 2019, Munich-headquartered industrial gases and engineering company, Linde, held a groundbreaking ceremony for a new integrated manufacturing complex to be ...

Israeli Electric Aircraft Maker Acquired by Singapore Investment Group

Singapore-based investment group Clermont acquired a majority 70% stake in Israeli company, Eviation Aircraft (Eviation) in August 2019. Eviation is the developer of the ...

Housing Development Board of Singapore Conducting 3D-Printing Trials

Singapore's public housing authority, the Housing Development Board (HDB) is exploring the usage of 3D-printing technology for certain small components in two upcoming ...

East Japan Railway to Open Retail Outlets in 27 Metro Stations in Singapore

Japan’s largest passenger train line operator, East Japan Railway Company (JREast) is planning to open retail outlets at 27 of the 32 stations on Singapore's ...

Accountancy Industry Digital Plan Launched in Singapore

On 22 August 2019, the Accountancy Industry Digital Plan (IDP) was launched in Singapore to digitally transform the country's accountancy sector. The IDP was developed by the ...

Philippine Cement Firm Pouring in USD 195 Million in its Plants to Meet Rising Domestic Demand

Big Boss Cement, Inc. (BBCI), the country’s newest cement player using a unique Environment-friendly process, is investing a total of PHP 10 billion (USD 195 million) for its ...

PPA Fast-tracking Offers to Upgrade Seaports Across the Country

The Philippine Ports Authority (PPA), the Philippines' main authority managing large-scale ports, has recently received a couple of unsolicited seaport development proposals ...

Philippines’ PLDT and Converge ICT to Build More Subsea Cables

More investments in the improvement of technology Infrastructure, particularly submarine cabling, will be seen in the next few years as the country’s largest telecom company, ...

Philippines Explores Halal Cooperation with Indonesia

The Philippines’ Department of Trade and Industry (DTI) has expressed its interest to enter into a Mutual Recognition Arrangement (MRA) on halal certification and ...

Philippine Navy Plans to Acquire its First Ever Submarines

The Philippines Navy (PN) announced that President Rodrigo Duterte has approved the inclusion of two submarines in its acquisition list. These will be the first ever ...

Philippine Bill Seeks to Open up “Public Services” to Foreign Players

House Bill (HB) No. 78, a proposed amendment to 83-year old Public Service Act or Commonwealth Act No. 146, which aims to open up certain utilities to investments ...

Korean Company to Develop Solar Power Plant in the Philippines

Philippine company Amatera Renewable Energy Corp. has entered into a memorandum of agreement (MOA) with Korean partner TPC Construction Corp. for the development of a 50 ...

Filinvest and Hitachi Form 60-40 Water Solutions Joint Venture

Philippine conglomerate Filinvest Development Corporation (FDC) and Singapore firm Hitachi Aqua-Tech Engineering Pte. Ltd. inked a joint venture (JV) agreement to put up a ...

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