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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

Improved Performance in UN SDGs Could Boost Thailand’s Investment Competitiveness

Thailand has advanced 19 places from 2018 to rank 40th globally and first in ASEAN in the 2019 UN’s Sustainable Development Goals (SDGs) Report. This development is expected ...

Go-Jek Expanding Financial Services, Food Delivery in Thailand

Indonesian ride-hailing app Go-Jek will offer more financial services and expand its Thai food delivery business following an investment of an undisclosed amount from Siam ...

Three Singapore Government Agencies Partner to Set up New Digital Industry Office

On 26 June, three Singapore government agencies - Economic Development Board (EDB), Enterprise Singapore and Infocomm Media Development Authority (IMDA)-  announced a ...

Singapore-Based Medical Diagnostics Startup Raises USD 5 Million

One BioMed, a Singapore-based medical diagnostics company, announced on 10 July that it has raised USD 5 million in a Series A round, led by Singapore-based venture capital ...

Singapore Makes Progress Towards Transformation of Environmental Services Industry

At the opening of the CleanEnviro Summit Singapore (CESS) Catalyst 2019, Singapore's Minister for the Environment and Water Resources, Mr Masagos Zulkifli, provided key ...

Singapore Launches Joint Call for Innovation Projects with Seven Countries

Enterprise Singapore, together with agencies from seven EUREKA countries, officially opened a joint call for innovation projects on 9 July through the EUREKA GlobalStars ...

Singapore Extending Digital Bank Licenses to Non-Bank Players

The Monetary Authority of Singapore (MAS) announced on 28 June that it will issue up to five new digital bank licenses. This is in addition to any digital banks that the ...

Singapore Building Smart Facility to Train Armed Forces for Urban Operations

On 30 June 2019, Minister for Defense for Singapore, Dr Ng Eng Hen, officiated at the groundbreaking ceremony for a next generation Smart Training Facility called SAFTI city ...

Sembcorp to Install Solar Panels on CapitaLand Buildings in Singapore

On 9 July energy, marine and urban development group, Sembcorp Industries (Sembcorp) announced a partnership with leading real estate firm, CapitaLand Group (CapitaLand), for ...

Omnichannel Retail Model Gathering Steam in Singapore

A recent report on Channel NewsAsia by Tan Soo Jiuan, Associate Professor in the Department of Marketing at the National University of Singapore Business School, highlighted ...

GSK Opens New Continuous Manufacturing Facility in Singapore

On 5 July pharmaceutical giant, GlaxoSmithKline (GSK), opened a new continuous manufacturing facility, as well as an expanded production building at its Jurong site, with a ...

Development Commences on Phase 2 of Tuas Port in Singapore

Singapore commenced reclamation for Tuas Terminal Phase 2 on 4 July 2019. When fully operational, Tuas Terminal Phase 2 will add a capacity of 21 million twenty-foot ...

Union Bank of the Philippines Joins Hands with OneConnect for Blockchain-based Financial Solutions

Union Bank of the Philippines’ fintech subsidiary UBX, has tapped OneConnect to build and implement the country’s first blockchain platform. The partnership aims to make ...

Philippine Medical Depot Establishes Medical Simulation Facility

Medical equipment provider, the Philippine Medical Depot (PMD) recently established a simulation facility for Medical schools in the Philippines. The simulator, located at ...

Philippine Company Lands Contract for Manufacturing 5G Device Components

According to a disclosure to the Philippine Stock Exchange, Cirtek Electronics Corp. (CEC), a wholly owned subsidiary of Cirtek Holdings Philippines Corporation (CHPC), won a ...

New Innovation Law Aims to Boost Global Competitiveness of Filipino MSMEs

Republic Act 11293 or the Philippine Innovation Act has been signed into law, aiming to foster the entrepreneurial spirit and promote growth and competitiveness of micro, ...

Firm Pilots 200KW Floating Solar Power in Magat Dam in the Philippines

SN Aboitiz Power-Magat (SNAP-Magat) has started the pilot testing of its 200-kilowatt floating solar power, the first of its kind in the country, which the company hopes to ...

Coca-Cola Investing USD 19 Million in PET Recycling Facility in the Philippines

Marking their first major investment in a recycling plant in the region, Coca-Cola Beverages Philippines Incorporated (CCBPI), Coca-Cola’s bottling arm, announced they will ...

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