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

Singapore Attracted SGD 13 Billion in Investment Commitments During First 4 Months of 2020

The Economic Development Board (EDB) of Singapore announced that the city-state secured around SGD 13 billion (USD 9.3 billion) in investment commitments during the first ...

Keppel-Shell JV Launches Singapore’s First LNG Bunkering Vessel

FueLNG, a joint venture between Keppel Offshore & Marine (Keppel O&M) and Shell Eastern Petroleum (Pte) Ltd, announced the launch of Singapore’s first LNG bunkering ...

World’s Largest Bicycle Manufacturer Considering Investing in the Philippines

According to a June 2020 report in the Manila Standard, the Department of Trade and Industry in the Philippines is in talks with Giant Manufacturing Corporation ("Giant") ...

Philippine Navy Planning to Spend USD 1.5 Billion to Build 50-Ship Maritime Force

The Philippine Navy is planning to spend an initial PHP 75 billion (USD 1.5 billion) to build a 50-ship maritime force to protect the country’s security interests and catch ...

Japan Lends PHP 75.5 billion for Infrastructure Projects in the Philippines

In mid-June 2020, Japan's aid agency, Japan International Cooperation Agency (JICA), signed loan agreements with the Government of the Republic of the Philippines in Manila ...

ADB Loan to Help Strengthen Metro Manila’s Water Supply Infrastructure

The Asian Development Bank (ADB) has approved a USD 126 million loan to the Metropolitan Waterworks and Sewerage System (MWSS) to support the construction of a 15-kilometer ...

Philippines Targets Releasing USD 3.6 Billion to Fund Universal Health Care in 2021

The Department of Health (DOH) has estimated and proposed a total of PHP 182 billion (USD 3.6 billion) for the first year of the implementation of the Universal Health Care ...

Philippines’ Board of Investments Unveils Incentives for Tourism Facilities Upgrade

The Philippine Board of Investments (BOI) has introduced new tax and investment incentives for tourism-related enterprises that will benefit business ...

Philippine ICT Department Extends Cybersecurity Service to Private Companies

The Department of Information and Communications Technology (DICT) has expressed support to the Securities and Exchange Commission (SEC) of the Philippines by extending some ...

Malaysian Solar Company Gets Two New Projects in the Philippines

Vivant Corporation, a Philippine-based holding company that is focused on energy generation and distribution services, announced that it has awarded two new solar project ...

DTI Philippines Supports Legislative Measures to Boost E-commerce

The Department of Trade and Industry (DTI), in commemoration of the 20th year of Republic Act 8792 or the Electronic Commerce Act of 2000, has committed to implement policies ...

Sunway Group to Create Malaysia’s First Urban Farming Innovation Hub

Sunway Group, one of the biggest conglomerates in Malaysia, announced that it will build a 50,000-square-feet urban farming innovation hub named Sunway FutureX. The hub ...

Selangor Sets Up Coordination Office to Boost Aerospace Sector

Selangor state’s investment solutions center, Invest Selangor has established Selangor Darul Ehsan Aerospace Industry Coordination Office (S-Daico) to expedite the industry's ...

MIDA Establishes Unit to Speed Up Approval Process for Manufacturing Projects

The Malaysian Investment Development Authority (MIDA) plans to set up a new unit called the Project Acceleration and Coordination Unit (PACU) to facilitate the approval ...

Malaysia Opens Bidding for Solar Plant Developments with Total Capacity of 1,000 MW

The Malaysian Energy and Natural Resources Ministry via the Energy Commission (EC) has announced this year’s competitive bidding for the development of a 1,000 MW Large-Scale ...

Malaysian Medical Companies Continue to Step Up to Meet COVID-19 Demand

Malaysian companies continue to boost their productivity to produce medical supplies, following the rapid surge of demand from domestic and global communities due to the ...

Leading IT Companies Roll Out Digital Learning Platforms in Malaysia

Malaysia is witnessing global technology firms rolling out digital learning platforms to accelerate the digital economy and improve the education system amidst the challenges ...

Green Packet, Five Petroleum to Launch Petrol Stations with Cashless Digital Experience

Malaysian telecommunications, media and technology solutions provider, Green Packet Bhd has collaborated with Five Petroleum Malaysia Sdn Bhd (FIVE) to launch the country’s ...

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