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
Apple to Establish AirTag Manufacturing Facility in Batam to Supply 65% of Global Demand
Indonesia’s Investment Minister announced that Apple plans to set up a manufacturing facility in Batam early in 2026 to produce its AirTag tracking devices. The ...
Liverpool FC Opens Second Official Retail Store in Indonesia
Liverpool FC has expanded its presence in Asia by launching its second official retail store in Indonesia. The new store in Surabaya was officially inaugurated by former Reds ...
Malaysian Energy Firm Yinson Raises USD 1 Billion
Yinson Holdings, a Malaysian energy infrastructure company, has secured a significant USD 1 billion funding round for its subsidiary, Yinson Production, which specializes in ...
Malaysia and Singapore Launch Groundbreaking Johor-Singapore Special Economic Zone
On January 7, 2025, Malaysia and Singapore finalized an agreement to establish the Johor-Singapore Special Economic Zone (JS-SEZ), a groundbreaking initiative aimed at ...
Malaysian Army Awards Hovercraft Contract to Local Firm IDC Technologies
IDC Technologies Sdn Bhd has been awarded a contract to supply six hovercraft fast interceptors to the Malaysian Army. The contract, valued at MYR 20.37 million ...
Debic Brings Premium Cream Cheese to Malaysia
Debic, a global leader in dairy solutions for professional chefs, has introduced its Cream Cheese to the Malaysian market, expanding the premium ingredient options for local ...
COP29: Singapore and Peru Agree on Article 6 Carbon Credits
Singapore’s Ministry of Trade and Industry (MTI) announced on November 2024 during the COP29 climate summit that it has successfully concluded negotiations on a bilateral ...
Robinhood to Debut in Asia in 2025, Headquartered in Singapore
Robinhood Markets Inc., a US-based brokerage firm is set to expand its operations into Asia, establishing Singapore as its regional base starting next year. This move follows ...
Biggest Local Train and Bus Depot Set to Open in 2026
Singapore’s Land Transport Authority (LTA) has opened a tender for the operation of 27 bus routes under the Tampines bus package, set to commence in July 2026. This ...
Sanofi Opens USD 800 million Manufacturing Facility in Singapore
Sanofi, a French pharmaceutical giant, has opened a new USD 800 million manufacturing facility named Modulus in Tuas Biomedical Park, Singapore. This 58,000 square meter ...
Giant Reshuffles Supermarket Deck as Customer Preferences Change
Giant supermarket chain is undergoing significant restructuring as it closes 11 of its outlets in Singapore in 2024, including notable locations in Bishan and Paya Lebar. ...
Dutch Firm Opens New Indoor Vertical Farm in Changi, Singapore
Dutch agritech company Growy has successfully opened its new indoor vertical farm in Changi, Singapore, transitioning from a research and development phase to commercial ...
Singapore Secures USD 4 Billion in Venture Capital in H1 2024
Singapore continues to attract substantial investments, securing approximately USD 4 billion in fixed asset investment (FAI) commitments during the first half of 2024, as ...
SABIC Opens USD 170 Million Resin Manufacturing Facility in Singapore
Saudi Basic Industries Corporation (SABIC), a Saudi petrochemical major, has officially opened a new SGD 220 million (USD 170 million) resin manufacturing facility in ...
Changi Airport to Upgrade Four of its Terminals
Singapore Changi Airport Group (CAG) has announced a substantial investment of SGD 3 billion (USD 2 billion) to upgrade four of its terminals in preparation for anticipated ...
JTC Appoints Consortium to Build Smart Grid in Punggol
JTC Corporation, a government agency under Singapore’s Ministry of Trade and Industry, has appointed a consortium comprising Univers, a global decarbonization software firm, ...
IRRI and DA-FPA Partner to Advance Agricultural Drone Training
IRRI (International Rice Research Institute) and the Philippine Department of Agriculture’s Fertilizer and Pesticide Authority (DA-FPA) have signed a Memorandum of ...
Israeli Cybersecurity Firm RealEye.ai Partners with the Armed Forces to Strengthen the Philippines’ Cybersecurity Capabilities
RealEye.ai, an Israeli homeland security and law enforcement solutions provider, has announced a significant partnership with the Armed Forces of the Philippines (AFP) Cyber ...
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