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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 Congress Encouraged to Pass Key Economic Bills

Jan 2021 Philippines, Economy

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

Jan 2021 Philippines, ICT

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

Jan 2021 Philippines, Energy

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

Jan 2021 Philippines, Infrastructure

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

Jan 2021 Philippines, Retail/FMCG

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

Jan 2021 Singapore, Retail/FMCG

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

Jan 2021 Thailand, Retail/FMCG

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

Jan 2021 Indonesia, Retail/FMCG

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

Jan 2021 Malaysia, Retail/FMCG

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

Jan 2021 Vietnam, Retail/FMCG

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

Jan 2021 Vietnam, Healthcare

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

Jan 2021 Malaysia, Healthcare

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 ...

Indonesian Conglomerate Lippo Bets on Telehealth for Growth

Jan 2021 Indonesia, Healthcare

Indonesian Conglomerate Lippo Group has announced its plans for an overhaul of its mHealth service as a key engine of growth for 2021. Lippo Group is the owner of Siloam ...

Hyphens Pharma Subsidiary Obtains E-Pharmacy License for WellAway Pharmacy

Jan 2021 Singapore, Healthcare

Hyphens Pharma International, Singapore’s leading specialty pharmaceutical and consumer healthcare group, announced in January 2021 that its subsidiary, Pan-Malayan ...

Bangkok Dusit Medical Services Joins Global Innovation Platform Plug and Play

Jan 2021 Thailand, Healthcare

Bangkok Dusit Medical Services Plc (BDMS), Thailand's largest private hospital operator, signed an agreement with Silicon Valley-based innovation platform Plug and Play Tech ...

Thailand to Develop Green Energy Technologies at the New EGCO Rayong Industrial Estate

Jan 2021 Thailand, Energy

Electricity Generating Plc (EGCO), a subsidiary of the state-run Electricity Generating Authority of Thailand, recently signed an agreement with the state-run Industrial ...

Singapore to Set Up an Additional 600 Electric Vehicle Charging Stations

Jan 2021 Singapore, Infrastructure

In early January 2021, the Singapore Urban Redevelopment Authority (URA) and Land Transport Authority (LTA) issued a pilot tender to set up an additional 600 electric vehicle ...

Indonesia to Scale Up Battery Manufacturing for Electric Vehicles

Jan 2021 Indonesia, Manufacturing

In October 2020, several state-owned Indonesian companies formed a joint venture for batteries for electric vehicles (EV). The new joint venture, called Indonesia Battery ...

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