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
The Philippines and South Korea Launch Historic Free Trade Agreement to Boost Economic Ties
The free trade agreement (FTA) between the Philippines and South Korea officially took effect on December 31, 2024, marking a historic milestone in their economic ...
Envision Energy Signs Largest Wind Power Contract in the Philippines
Envision Energy, a global leader in green technology, has achieved a significant milestone by signing the Philippines’ largest single wind power contract to date. The ...
EU Boosts Climate Projects in the Philippines, Enhancing Renewable Energy and Resilience
The Philippines will receive EUR 10.7 million (USD 11.12 million) from the European Union (EU) to support climate mitigation and adaptation initiatives. This funding is part ...
AC Health Partners with Global Health Initiatives to Improve HIV Care and Access in the Philippines
Ayala Healthcare Holdings, Inc. (AC Health) has partnered with the US Agency for International Development (USAID) to tackle the HIV epidemic in the Philippines by enhancing ...
Bitskwela and Sonic Labs Partner to Advance Blockchain Education in the Philippines
Philippine blockchain education technology platform Bitskwela has partnered with Sonic Labs to enhance the understanding and practical application of blockchain in ...
Acciona Infrastructure to Boost Investments in the Philippines
Acciona Infrastructure, a global leader in sustainable infrastructure, is set to expand its investments in the Philippines while continuing to collaborate with government and ...
Unilever Expands Local Manufacturing in the Philippines
Unilever Philippines has announced plans to enhance its local manufacturing capabilities and supply chain strategies, reaffirming its commitment to the Philippine market. The ...
Foreign Retailers Expand Across the Philippines
Foreign brands are increasingly entering the Philippine retail market, particularly in provincial areas, as they set up shop in new retail centers like Megaworld’s Upper East ...
UK-Based Marine Energy Company to Develop Indonesia’s First Tidal Energy Plant
HydroWing, the tidal energy division of the UK-based Inyanga Marine Energy Group, has entered into a binding agreement with one of Perusahaan Listrik Negara’s (PLN) ...
Indonesian and Japanese Companies Form Joint Venture for Green Ammonia Production
Toyo Engineering Corporation (Tokyo) has entered into a Shareholder Agreement (SHA) with Pupuk Indonesia Holding Company (PIHC), a state-owned Indonesian fertilizer firm, and ...
Australian Companies Invest in Indonesia’s Technology Sector
Nineteen Australian companies have shown interest in investing in Indonesia’s technology sector, according to the Indonesian Minister of Communication and Digital ...
Indonesia to Acquire Two Italian PPA-Class Warships
Indonesia has successfully obtained a loan to purchase two Thaon de Revel-class PPA (Pattugliatore Polivalente d’Altura) multi-role offshore patrol vessels from the Italian ...
Canadian Beef Industry Marks Milestone with Indonesia Trade Agreement
Canada’s national cattle industry organization has expressed support for the newly concluded trade agreement with Indonesia, highlighting its potential to create new ...
Team Sweden and Indonesia Set 2025 Agenda for Sustainable Healthcare Collaboration
In a continued effort to strengthen healthcare ties, Team Sweden, a collaboration of the Swedish Embassy, Business Sweden, and various Swedish companies, is working closely ...
Indonesia’s Star Energy Geothermal Partners with US Company for Generative AI and Cloud Solutions
Indonesian geothermal developer Star Energy Geothermal, a subsidiary of Barito Renewables Energy (BREN), has teamed up with US-based IT firm Kyndryl to enhance its operations ...
ADB and Singapore’s TBS Partner for Sustainable Transportation in Indonesia
The Asian Development Bank (ADB) has partnered with Singapore-affiliated PT TBS Energi Utama (TBS) to advance sustainable transportation in Indonesia. The initiative focuses ...
Singapore’s EliTe Solar Launches New Solar Cell Facility in Indonesia
Singapore-based solar manufacturer EliTe Solar has officially launched a high-efficiency solar cell production facility in Indonesia, marking a significant expansion into the ...
Korean Fried Chicken Chain BHC to Open First Indonesian Outlet in 2025
Korean fried chicken brand BHC is set to enter the Indonesian market in early 2025, marking its debut in the country. Dining Brands Group, the company behind BHC, confirmed ...
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