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

Malaysia to Invest USD 141 Million in Second Waste-to-Energy Plant

Jul 2025 Malaysia, Environment

Malaysia has unveiled plans for its second waste-to-energy (WTE) facility, to be built in Sungai Udang, Melaka state, with an estimated investment of MYR 660 million (USD 141 ...

Fujifilm Healthcare Explores Strategic Partnership with Melaka to Advance AI-Driven Medical Solutions

Jul 2025 Malaysia, Healthcare

Japan-based medical technology provider Fujifilm Healthcare is pursuing a potential strategic partnership with the Melaka state government as it looks to strengthen its ...

US-Based Payments Firm TNS Expands APAC Presence with New Hub in Kuala Lumpur

Jul 2025 Malaysia, ICT

Transaction Network Services (TNS), a US-based provider of secure payment and managed network solutions, has established a new regional hub in Kuala Lumpur, Malaysia. This ...

KTC Invests USD 21 Million in New Industrial Park to Boost Operations in East Malaysia

Jul 2025 Malaysia, Infrastructure

Kim Teck Cheong Consolidated Berhad (KTC), a major distributor of fast-moving consumer goods (FMCG) in East Malaysia, has acquired a 15-acre site in the Kota Kinabalu ...

Dutch Coatings Firm AkzoNobel Launches Regional R&D Hub in Malaysia

Jul 2025 Malaysia, Manufacturing

AkzoNobel, a Dutch multinational coatings company, has inaugurated a new research and development (R&D) facility in Nilai, located in the state of Negeri Sembilan. ...

France’s EssilorLuxottica Deepens Malaysian Footprint with Major Optical Chain Takeover

Jul 2025 Malaysia, Retail/FMCG

France-based eyewear giant EssilorLuxottica has announced the acquisition of one of the largest optical retail companies in Malaysia. The transaction includes a portfolio of ...

PEZA Partners with Japan’s Zeroboard to Accelerate Decarbonization in Economic Zones

Jun 2025 Philippines, Environment

The Philippine Economic Zone Authority (PEZA) has signed a memorandum of understanding (MOU) with Japanese sustainability tech firm Zeroboard Inc. to support decarbonization ...

JD Sports to Enter Philippine Market with Two Flagship Stores in 2025

Jun 2025 Philippines, Retail/FMCG

UK-based sports fashion giant JD Sports is making its debut in the Philippines with two flagship store openings this year. The first outlet is set to launch in June at SM ...

Gstar Launches Solar Cell and Module Production in the Philippines

Jun 2025 Philippines, Manufacturing

Singapore-based solar manufacturer Gstar has officially launched its new manufacturing facility in Subic Bay, Philippines, along with its first high-efficiency n-type solar ...

ADB-Backed Bataan-Cavite Bridge Set for Initial Construction Phase

Jun 2025 Philippines, Infrastructure

The Department of Public Works and Highways (DPWH) announced that construction of the Bataan-Cavite Interlink Bridge will begin soon, with work on the land-based sections ...

StarHub Partners with Trends and Technologies to Drive Enterprise Digital Transformation in the Philippines

Jun 2025 Philippines, ICT

Singapore-based StarHub has signed a Memorandum of Understanding (MOU) with Philippine systems integrator Trends and Technologies, Inc. (Trends) to support digital ...

AC Health Partners with Global MedTech Leader Becton Dickinson to Boost Healthcare Innovation

Jun 2025 Philippines, Healthcare

Ayala Healthcare Holdings, Inc. (AC Health) has signed a strategic memorandum of understanding (MOU) with Becton Dickinson (BD), a global leader in medical technology, to ...

DOE Endorses 40 Power Projects for Grid Integration, Majority from Renewable Energy

Jun 2025 Philippines, Energy

The Department of Energy (DOE) has endorsed 40 power projects for system impact studies (SIS) with the National Grid Corporation of the Philippines (NGCP) since January 2025, ...

Clark Development Corporation Partners with Incheon Free Economic Zone to Boost Manufacturing and BPO Growth

Jun 2025 Philippines, Economy

Clark Development Corporation (CDC) is strengthening ties with South Korea’s Incheon Free Economic Zone (IFEZ) to enhance the Clark Freeport’s competitiveness in ...

Philippines Signs USD 435M Deal with France’s OCEA for 40 Coast Guard Patrol Boats

Jun 2025 Philippines, Defense/Aerospace

In a major move to strengthen maritime security, the Philippine government has signed a EUR 400 million (USD 435 million) agreement with French shipbuilder OCEA for the ...

Alberta Eyes Southeast Asia to Expand Agri-Food Exports Amid U.S. Trade Uncertainty

Jun 2025 Philippines, Agrifood

Alberta, a province in western Canada known for its strong agriculture and energy sectors, is looking to diversify its international trade relationships as uncertainty grows ...

Sarawak Emerges as a Key Contributor to Malaysia’s Aquaculture Industry

Jun 2025 Malaysia, Agrifood

Sarawak has solidified its position as a key contributor to Malaysia’s aquaculture industry, aligning its growth with the National Agro-Food Policy, which aims to increase ...

Airbus Extends Satellite Support to Malaysia’s Armed Forces Through 2029

Jun 2025 Malaysia, Defense/Aerospace

Airbus Defence and Space has renewed its commitment to Malaysia’s defense communications infrastructure with the signing of a new contract that extends the Malaysian Armed ...

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