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
Coffee Chains Enter Singapore to Expand in the Region
While Singapore’s coffee market is highly competitive, brands continue to expand in the city-state in hopes success on the island will propel international growth.
Recently, ...
Singapore to Embark on New Land Reclamation Plan on Its East Coast
Singapore recently announced that it will commence a land reclamation project to create a “Long Island” on the eastern coast of the city-state.
The threat of rising sea ...
Singapore to Channel Green Funding for Southeast Asia
During the World Climate Action Summit a senior Minister announced that Singapore is aiming to raise USD 6.6 billion in green funding for Southeast Asia by creating ...
Siltronic AG Produces First Wafers in its New Singapore Fab
Siltronic, a major player in the semiconductor industry, has achieved a significant milestone with the production of the first wafers in its new state-of-the-art 300 mm ...
New National AI Strategy to Uplift Singapore’s Social and Economic Potential
In December 2023, Singapore’s second National AI Strategy (NAIS 2.0) was officially launched to uplift Singapore’s collective economic and social potential over the next ...
ImmunoScape Partners with Singapore’s EDDC to Develop Novel T Cell Receptor-Based Therapeutics
ImmunoScape, a biotechnology company focused on next-generation T Cell receptor (TCR)-based immunotherapies, has announced a partnership with the Experimental Drug ...
Singapore signs FTA with Mercosur
Singapore marked a significant milestone in its trade relations by signing a groundbreaking free trade agreement (FTA) with four South American countries – Argentina, ...
Sembcorp Announces 2023-2028 Strategic Plan to Drive Energy Transition
Sembcorp Industries (Sembcorp), a key player in Singapore’s energy sector, has announced its 2023-2028 strategic plan, reaffirming its commitment to transform its ...
Singapore Beefs Up Naval Defense
In November 2023, Singapore’s Ministry of Defense (MINDEF) has signed a contract with Fr. Fassmer GmbH & Co. KG to acquire four new Offshore Patrol Vessels (OPVs) ...
France’s Vital Meat Plans to Introduce Cultivated Chicken in Singapore
Vital Meat, a French cultivated meat company, has recently announced its initiative to enter the Singaporean market with its innovative product, Vital Chicken. The company ...
Indonesia and Vietnam Collaborate to Advance Lobster Production
The Minister of Maritime Affairs and Fisheries of Indonesia has recently expressed confidence in the nation’s potential to emerge as a prominent lobster producer in ...
Indonesia to Provide Tax Incentives for Electric Vehicle Manufacturers
Indonesia plans to provide tax incentives for automakers intending to establish electric vehicle (EV) plants, including exemptions on import duties for fully manufactured EVs ...
US and German Companies Advance Green Hydrogen Production in Indonesia
Black & Veatch, a US company leader in critical infrastructure solutions, has recently undertaken a feasibility study for Augustus Global Investment (AGI), a ...
Honeywell Collaborates Indonesian Firm to Improve Mission Readiness of Armed Forces
American corporation Honeywell has signed a memorandum of understanding (MoU) with Indonesian aerospace manufacturer PT Dirgantara Indonesia (PTDI) to improve mission ...
Indonesian Companies Sign Collaborate with Chevron for CCS/CCUS Development
PT Pertamina Hulu Mahakam (PHM), PT Pertamina Hulu Sanga Sanga (PHSS), and PT Pertamina Hulu East Kalimantan (PHKT) have signed confidentiality agreement with Chevron Energy ...
Indonesia Aspires to be the Global Hub of Muslim Fashion
According to Indonesia’s Ministry of Trade, the Southeast Asian country is set to emerge as the global center for Muslim fashion in 2024, aligning with its ongoing ...
South Korean Company to Construct Plasma Fractionation Plant in Indonesia
GC Biopharma, a South Korean biopharmaceutical company, recently started the construction of a plasma fractionation plant at the Jababeka Industrial Estate in Indonesia. This ...
Indonesia and Germany Collaborate in Green Transportation Development
Indonesia and Germany are joining forces to develop eco-friendly transportation systems, including bus rapid transit (BRT) in Semarang and Surabaya, as well as the ...
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