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

Construction of Malolos-Clark Railway Project to Start End of 2020

Oct 2020 Philippines, Infrastructure

The construction of the Malolos-Clark portion of the North-South Commuter Railway (NSCR) will soon start following the signing of three civil works contracts amounting to PHP ...

Companies Join Hands for Transit-Oriented Developments in Indonesia

Oct 2020 Indonesia, Infrastructure

Sinar Mas Land and Mitbana (a joint venture fund management company of Mitsubishi and Surbana Jurong) have entered into a strategic partnership to build transit-oriented ...

BPPT Collaborates with Huawei to Develop 5G, AI and Cloud Technologies

Oct 2020 Indonesia, ICT

BPPT, the Indonesian Agency for the Assessment and Application of Technology, recently signed an MoU with Huawei to strengthen Indonesia’s talent and infrastructure in the ...

AQI Participates in Vietnam’s Bespoke Lifestyle Industries

Oct 2020 Vietnam, Retail/FMCG

Aquarius International Development (AQI), a company specializing in high-end travel experiences and owned by the Norcal Venture Capital Group, will invest USD 250 million ...

Amdocs to Provide Privacy Solutions to AIA Thailand

Oct 2020 Thailand, ICT

Multinational software provider to communications and media companies Amdocs announced that it will implement its Amdocs DataOne privacy solution for AIA Thailand, which is a ...

Alternative Fundraising Channels Raise Over MYR 1 Billion

Oct 2020 Malaysia, Economy

The Securities Commission Malaysia (SC), a statutory body regulating the capital market in the country, has reported that more than 2,500 micro, small and medium enterprises ...

Airlines See Clearer Skies as More Travel Restrictions Lifted

Oct 2020 Philippines, Defense/Aerospace

Philippine Airlines (PAL), Cebu Pacific, and AirAsia Philippines welcomed the lifting of restriction on non-essential travel abroad by the Philippines government effective ...

Thailand Appoints CAA to Draft New Drone Regulations

Sep 2020 Thailand, Defense/Aerospace

CAA International (CAAi), the technical cooperation arm of the UK Civil Aviation Authority, has been appointed by the Civil Aviation Authority of Thailand (CAAT) to draft new ...

Mondelez to Grow its Biscuit Business in the Philippines

Sep 2020 Philippines, Retail/FMCG

Mondelez Philippines announced that it is expanding its snack products portfolio by entering the fast-growing and high-penetration cracker segment of the biscuits category in ...

Offshore Gas Pipeline Design Contract Awarded to McDermott

Sep 2020 Vietnam, Energy

American offshore engineering, construction, and services provider McDermott has won a contract from Delta Offshore Energy to provide front-end engineering design (FEED) ...

Thales Alenia Space Signs Work Agreement for Indonesian Telecommunications Satellite

Sep 2020 Indonesia, Defense/Aerospace

Satelit Nusantara Tiga (Satria), an Indonesian satellite provider and Thales Alenia Space, a French-Italian aerospace manufacturer, have signed a Preliminary Work Agreement ...

Japan to Export Defense Radar System to the Philippines

Sep 2020 Philippines, Defense/Aerospace

The Philippine Department of National Defense (DND) formally signed a contract to purchase an air surveillance radar system from Japan’s Mitsubishi Electric Corp. ...

Sumitomo Investing in New Wire Harness Factory in the Philippines

Sep 2020 Philippines, Manufacturing

Sumitomo Wiring Systems, Ltd., a subsidiary of Japan's Sumitomo Electric, is investing in a wiring harness manufacturing facility in Pangasinan that would generate 10,000 ...

Infrastructure Investments to Aid in Philippine Economic Recovery

Sep 2020 Philippines, Infrastructure

The Philippine government is pushing infrastructure development under the administration's flagship "Build, Build, Build" program to help the country's economy recover from ...

Nestle Philippines Partners with Cement Manufacturer for Waste Management

Sep 2020 Philippines, Environment

Nestle Philippines and cement manufacturer, CEMEX Holdings Philippines, inked a partnership agreement to divert plastic waste laminates away from landfills in Cebu province ...

Distributors Appointed in the Philippines for COVID-19 Detection Helmet

Sep 2020 Philippines, Healthcare

A smart helmet designed to detect COVID-19 will be available in the Philippines as KC Wearable, a Chinese technology and innovation company, announced its partnerships with ...

DOE Clears Bidders for Petroleum Block Exploration in West Philippine Sea

Sep 2020 Philippines, Energy

The Department of Energy (DOE) in the Philippines has opened the bids submitted by parties interested to explore untapped energy resources in the West Philippine Sea under ...

Dito Telecommunity Partners with Fortinet as Security Service Provider

Sep 2020 Philippines, ICT

Dito Telecommunity, a joint venture between Dennis Uy’s Udenna Corporation and China Telecoms which is going to be the Philippines’ third telecommunications provider, has ...

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