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

Aboitiz Group’s Food Subsidiary, Pilmico Foods Corp., Eyes Presence in 300 Supermarkets

Pilmico's retail brand, The Good Meat, targets to reach over 300 supermarket concessionaires and open more brick-and-mortar stores in 2022. This is in line with the goal of ...

Thailand and Japan to Boost Agri-food Trade

Japan has just inaugurated a trading platform designed to increase exports of Japanese F&B products to Thailand and further promote Japanese cuisine in the Southeast ...

Singapore to Host an International Effort for the World Bank

The World Bank has requested Singapore to anchor an international effort that aims to make the international trade in carbon credits more transparent and trustworthy. Given ...

Conditional Approval for Partnership Between Singaporean and Malaysian Airlines

A partnership agreement between Singapore Airlines (SIA) and Malaysia Airlines Berhad (MAB) was granted conditional approval by the Competition and Consumer Commission of ...

Growhub and FIPWA Together Create a Unique Food Center

Growhub, a Singapore-based one-stop farm-to-table solution for food traceability and data analysis, has signed a five-year lease with Food Innovation Precinct Western ...

20 Low Carbon Power Proposals from Overseas for Singapore

In an effort to decarbonize its power mix, Singapore reached out to its neighboring countries, seeking to bring in around 30% of its electricity demand by 2035. Singapore ...

Indonesian Investment Authority Agrees to Invest USD2.7 Billion in Toll Roads

The Indonesian Investment Authority (INA) agreed to provide around 39 trillion rupiah (USD 2.7 billion) for toll roads on the islands of Java and Sumatra. The INA ...

Creatio Strengthens its Presence in South East Asia

Creatio, a global vendor of one platform, a service low-code solution for process management and CRM, today announced its partnership with PT. Hexaon Business Mitrasindo – a ...

Partnership to Advance Pharmacogenomics in Singapore and Indonesia

On April 19, MGI, a world-leading life science company, announced partnership with Nalagenetics (NALA). The aim of the partnership is to co-develop low coverage whole genome ...

The Philippines to Partner with South Korea for Smart City Infrastructure

The Philippines’ Clark Development Corporation (CDC) and the Republic of Korea’s Land and Housing Corporation (LH) have recently signed an agreement looking to create a smart ...

The Philippines to Launch Digital Currency Pilot Project

BSP, the central bank of the Philippines, has recently announced that it will launch a pilot initiative for a Central Bank Digital Currency (CBDC), called project CBDCPh. It ...

Scatec Expands Renewable Energy Investment in the Philippines

SN Aboitiz Power Group (SNAP), a joint venture between Norwegian renewable power producer Scatec and Philippine peer AboitizPower, has signed construction and financing ...

Initiatives to Tackle Marine Pollution Seen in the Philippines

Cleene Ethyl Alcohol, a trusted Filipino brand that provides high-quality and affordable alcohol products from Philusa Corporation, extends its effort in reducing ocean-bound ...

SATS Invests USD 150 Million in Jurong Innovation District

SATS Ltd. (SATS), Asia’s leading provider of food solutions and gateway services, has started a lease agreement with JTC to build an innovative food hub in Singapore's Jurong ...

April 17th Sees The Official Launch of Singapore’s Fifth Desalination Plant

Singapore’s fifth desalination plant was officially opened on Jurong Island on April 17, 2022. The plant was set by Tuas Power and ST Engineering consortium, along with PUB, ...

Global Companies to Target Vietnam as A New Luxury Hub

Vietnam has recently become a new destination for several luxury brands to expand their presence, thanks to its fast-expanding middle-class and robust economic ...

Vietnam on Its Way to Becoming The Next Global Manufacturing Hub

At a recent Investment Promotion Conference in Vinh Phuc province, a representative of Compal, a Taiwanese company specializing in electronic devices, has announced the ...

Stricter Measures to be Proposed to Control Motorbike Use in HCMC

Recently, several experts in Ho Chi Minh City (HCMC) have urged the authorities to impose tougher measures to limit the use of motorcycles, which are the local’s favorite ...

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