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
Philippine Government Approves More Pork Imports
In light of the ongoing African Swine Fever (ASF) outbreak in the Philippines that has dramatically diminished the supply of pork for the domestic market, Philippine ...
US-based Tyson Foods Buys 49% Stake of MFM’s Poultry Business for MYR 420 million
US company Tyson Foods, Inc. has announced that it will acquire a 49% stake in the poultry segment of Malaysian food manufacturing company, Malayan Flour Mills Bhd ...
Taco Bell Opens its First Restaurant in Jakarta
Taco Bell – the world-renowned Mexican-inspired quick service restaurant (QSR) – officially opened its doors to the public in Indonesia on December 18, 2020, with the opening ...
Trade Agency Encourages US Firms to Invest in Electronics Manufacturing in the Philippines
During an electronics manufacturing services (EMS) webinar organized by the Philippine Trade and Investment Center, the Department of Trade and Industry (DTI) Secretary Ramon ...
San Miguel Gets 50-Year Franchise for Airport City Project in Bulacan as Bill Lapses into Law
San Miguel Corporation’s (SMC) subsidiary, San Miguel Aerocity Inc (SMAI), was granted a 50-year franchise to build, operate and maintain a domestic and international airport ...
Philippines Plans Start of Covid-19 Vaccine Rollout by End-February 2021
The Philippines government is planning to start the vaccination against COVID-19 for Filipinos by the third or fourth week of February. According to the country’s vaccine ...
Philippine Congress Encouraged to Pass Key Economic Bills
The Department of Trade and Industry (DTI) has called on the bicameral Congress to urgently sign the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, a ...
Globe Telecom Expands 4G Infrastructure to Improve Connectivity
Globe Telecom Inc. is set to discard its old 3G infrastructure completely and will now be increasing its fourth-generation (4G) long-term evolution (LTE) frequencies in the ...
DOE Partners with USAID to Boost Investments in the Philippine Energy Sector
The Department of Energy (DOE) and the United States Agency for International Development (USAID) have partnered to increase private investments in advanced energy technology ...
Bidding Prequalification for USD 208 million International Container Port in Cebu Begins
The Philippine Department of Transportation (DOTr) has begun inviting potential bidders to join the prequalification process for the civil works contract of the PHP 10 ...
Acer Philippines Opens First Flagship Store
Consumer electronics company Acer opened its first-ever flagship store in the Philippines at the SM Megamall Cyberzone in January 15, 2021. As Acer’s largest store in the ...
Singapore Halal Authority Provides Guidelines to Support Local Halal Food Exporters
Majlis Ugama Islam Singapura, or MUIS, the sole authority on issuing and regulating certifications for local halal F&B products in Singapore, has highlighted the need for ...
Nestlé Investing USD 150 Million to Expand Production in Thailand
To serve the rising demands and penetrate the e-commerce market, Nestlé has announced its investment strategy for long-term growth, investing over THB 4.5 billion (USD 150 ...
Nestlé Indonesia Partners with American Innovation Platform Plug and Play
Nestlé Indonesia has signed a partnership agreement with Plug and Play, a global innovation platform headquartered in Silicon Valley. Through the partnership, Nestlé will be ...
Malaysia’s FGV Dairy Farm Increases Daily Fresh Milk Production to 30,000 Liters with New Factory
FGV Dairy Farm Sdn Bhd, a subsidiary of plantation conglomerate FGV Holdings, is expanding its milk production capacity through an integrated dairy farm and an increase in ...
Aeon to Set Up 20 Mega Supermarkets in Vietnam by 2025
Japanese retail group AEON is set to invest USD 2 billion in Vietnam. Iwamura Yasutsugu, Aeon Mall Vietnam Director General, told local media that the company plans to use ...
Roche and Bayer Countering Non Communicable Diseases in Vietnam
The Vietnam Medical Association (VMA) and biotech company Roche Vietnam recently signed a strategic partnership aiming to increase the rate of early breast cancer detection ...
Key Alliance to Acquire 30% of Tree Med for USD 3.4 Million
Key Alliance Group Bhd (KAG), a Malaysian company specializing in ICT services and IT infrastructure solutions has announced its plan to invest MYR 14 million (USD 3.4 ...
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