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 Launches Bali’s First Medical Tourism Hub

Jul 2025 Indonesia, Healthcare

Indonesia officially inaugurated its first medical tourism special economic zone (SEZ) in Sanur, Bali, last month, marking a significant milestone in the country’s push ...

Indonesia to Launch First Ocean Current Power Plant in Support of Clean Energy Goals

Jul 2025 Indonesia, Environment

Indonesia is advancing its renewable energy agenda with the development of its first ocean current power plant (PLTAL), a project valued at USD 220 million (IDR 3.57 ...

UPS Healthcare Unveils Advanced Logistics Facility in Singapore

Jul 2025 Singapore, Healthcare

UPS Healthcare has launched a state-of-the-art logistics facility in Tuas, Singapore, expanding its capacity to serve the rapidly evolving healthcare and life sciences ...

Uniqlo Launches First Touchpoint Concept Store in Singapore

Jul 2025 Singapore, Retail/FMCG

Uniqlo has introduced a new small-format “touchpoint” concept store at Velocity at Novena Square, marking the Japanese apparel giant’s first such store in Singapore and a ...

Singapore Allocates Nearly USD 40 Million to Boost Agrifood and Aquaculture Startups

Jul 2025 Singapore, Agrifood

Enterprise Singapore, the country’s government agency focused on supporting startups, has committed SGD 55 million (approximately USD 39.5 million) to accelerate the growth ...

Alcon Unveils USD 600 Million State-of-the-Art Manufacturing Facility in Singapore

Jul 2025 Singapore, Manufacturing

Alcon, a Swiss-American eye care giant and global leader in ophthalmic devices, has officially opened its expanded manufacturing and logistics facility in Singapore’s Tuas ...

AWS and Singapore Launch “AI Springboard” to Accelerate National AI Transformation

Jul 2025 Singapore, ICT

Amazon Web Services (AWS) and Digital Industry Singapore (DISG) have launched the “AI Springboard” initiative with an ambitious goal to empower 300 Singapore-based ...

Singapore, UK, and Kenya Lead Global Coalition to Advance Carbon Markets

Jul 2025 Singapore, Environment

Singapore has stepped forward as a key architect of a new international initiative to strengthen voluntary carbon markets, joining the United Kingdom and Kenya in launching ...

Singapore and Philippines Accelerate Regional Green Energy Partnership

Jul 2025 Singapore, Energy

Singapore and the Philippines have intensified their collaboration on renewable energy, carbon trading, and regional energy integration following high-level meetings in ...

Singapore Plans to Expand Autonomous Vehicle Use in its Public Transport System

Jul 2025 Singapore, Infrastructure

Singapore is taking a major step toward the integration of autonomous vehicles (AVs) in public transport by launching pilot trials of driverless buses in its central business ...

Singapore and RTX Forge 10-Year Aerospace Partnership to Boost Innovation and Growth

Jul 2025 Singapore, Defense/Aerospace

Singapore is set to deepen its role as a premier aerospace hub with the signing of a strategic 10-year Memorandum of Understanding (MoU) between the Singapore Economic ...

Singapore and Indonesia Deepen Economic Partnership Amid Global Uncertainty

Jul 2025 Singapore, Economy

Singapore and Indonesia have further solidified their relationship with a sweeping set of agreements designed to reinforce trade, investment, tourism, and energy ties amidst ...

nutribullet Opens First Philippine Flagship Store at SM Megamall

Jul 2025 Philippines, Retail/FMCG

Global blender brand nutribullet, known for its compact and powerful personal blenders, has launched its first-ever flagship store in the Philippines at Level 4, Mega Fashion ...

France Commits USD 270 Million to Boost Philippine Climate Action

Jul 2025 Philippines, Environment

Finance Secretary Ralph Recto has secured PHP 15.8 billion (USD 270 million) in concessional funding from the French government through Agence Française de Développement ...

JTI Philippines Explores Manufacturing Expansion into Reduced-Risk Products for Export

Jul 2025 Manufacturing

Japan Tobacco International (JTI) Philippines is exploring plans to expand its manufacturing operations in Malvar, Batangas to include reduced-risk products (RRPs) such as ...

US to Fund Technical Support for Key Luzon Economic Corridor Railway Project

Jul 2025 Philippines, Infrastructure

The United States is stepping up its infrastructure support in the Philippines by funding technical assistance for the Subic-Clark-Manila-Batangas (SCMB) Railway, a key ...

Equinix Enters Philippine Market with Acquisition of Three Data Centers

Jul 2025 Philippines, ICT

Equinix, Inc., a global digital infrastructure company, has entered the Philippine market through the acquisition of three data centers in Manila—MN1, MN2, and MN3—from local ...

Global Medtech firm BD Targets Wider Reach in Philippine Hospitals, Eyes Local Partnerships

Jul 2025 Philippines, Healthcare

Global medical technology firm Becton, Dickinson and Co. (BD) is expanding its footprint in the Philippines, aiming to supply more hospitals with its diagnostic and treatment ...

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