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

Metito to Provide Water Treatment Solutions for Biomass Power Plants in Thailand

Jun 2020 Thailand, Environment

Dubai-headquartered Metito, a global leader in smart water management and alternative energy solutions, has won a project from Thai renewable energy power producer Absolute ...

Blockchain-Based Digital Energy Business Being Explored in Thailand

Jun 2020 Thailand, ICT

Thailand announced that it was collaborating with Power Ledger, an Australian blockchain startup, to boost peer-to-peer trading of renewable energy. Thai Digital Energy ...

Atlantic Natural Foods to Increase Production in Thailand

Jun 2020 Thailand, Manufacturing

US manufacturer of shelf-stable, plant-based foods, Atlantic Natural Foods (ANF) will launch two plant-based meal products—Hawaiian Bowl and Ultimate Vegetarian Chili—under ...

Singapore to Launch its First 5G-Enabled Industry 4.0 Solutions Trial

Jun 2020 Singapore, Manufacturing

IBM, the Infocomm Media Development Authority (IMDA) of Singapore, local telco M1 Limited (M1) and Samsung announced Singapore’s first 5G Industry 4.0 trial, to foster the ...

Singapore Medtech Firm with Gastric Cancer Diagnosis System Raises SGD 12 Million

Jun 2020 Singapore, Healthcare

Singaporean medtech company, Endofotonics, announced an investment of SGD 12 million (USD 8.6 million) from specialist healthcare investors Mr Tony Tan Choon Keat, Chairman ...

Alstom Signs Services Agreement for Driverless Train Control System in Singapore

Jun 2020 Singapore, Infrastructure

French multinational Alstom and SMRT Trains, with support from Singapore's Land Transport Authority (LTA), have signed an agreement to ensure the continued reliability and ...

Singapore’s Largest Mall Operator Launches E-Commerce and Food Ordering Platforms

Jun 2020 Singapore, Retail/FMCG

CapitaLand, the operator of Singapore’s largest mall network, launched an e-commerce platform eCapitaMall in June, as well as an online food ordering platform Capita3Eats, to ...

Singapore Allocates USD 360 million to Support Digital Transformation of Businesses

Jun 2020 Singapore, ICT

The Singaporean Government has assigned more than SGD 500 million (USD 360 million) to support businesses as they digitalize amid the COVID-19 pandemic. This sum is part of ...

25-year Power Purchase Agreement Signed for 60 MW Floating Solar Plant in Singapore

Jun 2020 Singapore, Environment

Singapore-headquartered energy, marine and urban development group Sembcorp Industries announced in May 2020 that it has secured a 25-year power purchase agreement (PPA) with ...

Singapore Police Force Testing Autonomous Drone System in Industrial Estates

Jun 2020 Singapore, Defense/Aerospace

The Singapore Police Force started trialing a new drone system to complement to their ground operations during the COVID-19 outbreak. With the city under lockdown (most ...

Singapore Attracted SGD 13 Billion in Investment Commitments During First 4 Months of 2020

Jun 2020 Singapore, Economy

The Economic Development Board (EDB) of Singapore announced that the city-state secured around SGD 13 billion (USD 9.3 billion) in investment commitments during the first ...

Keppel-Shell JV Launches Singapore’s First LNG Bunkering Vessel

Jun 2020 Singapore, Energy

FueLNG, a joint venture between Keppel Offshore & Marine (Keppel O&M) and Shell Eastern Petroleum (Pte) Ltd, announced the launch of Singapore’s first LNG bunkering ...

World’s Largest Bicycle Manufacturer Considering Investing in the Philippines

Jun 2020 Philippines, Manufacturing

According to a June 2020 report in the Manila Standard, the Department of Trade and Industry in the Philippines is in talks with Giant Manufacturing Corporation ("Giant") ...

Philippine Navy Planning to Spend USD 1.5 Billion to Build 50-Ship Maritime Force

Jun 2020 Philippines, Defense/Aerospace

The Philippine Navy is planning to spend an initial PHP 75 billion (USD 1.5 billion) to build a 50-ship maritime force to protect the country’s security interests and catch ...

Japan Lends PHP 75.5 billion for Infrastructure Projects in the Philippines

Jun 2020 Philippines, Infrastructure

In mid-June 2020, Japan's aid agency, Japan International Cooperation Agency (JICA), signed loan agreements with the Government of the Republic of the Philippines in Manila ...

ADB Loan to Help Strengthen Metro Manila’s Water Supply Infrastructure

Jun 2020 Philippines, Environment

The Asian Development Bank (ADB) has approved a USD 126 million loan to the Metropolitan Waterworks and Sewerage System (MWSS) to support the construction of a 15-kilometer ...

Philippines Targets Releasing USD 3.6 Billion to Fund Universal Health Care in 2021

Jun 2020 Philippines, Healthcare

The Department of Health (DOH) has estimated and proposed a total of PHP 182 billion (USD 3.6 billion) for the first year of the implementation of the Universal Health Care ...

Philippines’ Board of Investments Unveils Incentives for Tourism Facilities Upgrade

Jun 2020 Philippines, Economy

The Philippine Board of Investments (BOI) has introduced new tax and investment incentives for tourism-related enterprises that will benefit business ...

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