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

Fraser and Neave Acquires Starbucks Thailand

Fraser and Neave (F&N), a Singapore-headquartered conglomerate with interests in food and beverage and real estate, bought the Starbucks Thailand coffee chain which has more ...

ST Engineering announces Joint MRO Venture with Vietnam Airlines

The Aerospace division of Singapore Technologies Engineering (ST Engineering) and Vietnam Airlines Engineering Company (VAECO) have incorporated a new joint venture. JVCo, or ...

Soon to Reopen Funan Mall to Use Innovative Retail Technology

Singapore’s Funan Mall, being built on the site of the former IT-focused Funan Digital Life Mall, is set to open ahead of schedule after a three year redevelopment phase. The ...

Singapore Tops Global Economic Competitiveness Ranking

Singapore has been ranked as the world’s most competitive economy for the first time since 2010, in a yearly ranking of 63 countries by the IMD World Competitiveness Centre, ...

Singapore Government to Award ICT Contracts Worth SGD 2.5-2.7 Billion During FY19

During FY19 (April 2019 – March 2020), the Singapore government expects to award ICT contracts worth SGD 2.5 -2.7 billion (USD 1.83 billion - 2.05 billion). Small and Medium ...

NTU and NEA Launch New Waste-to-Energy Research Facility

Nanyang Technological University (NTU) and the National Environment Agency (NEA) of Singapore launched a new research facility that turns waste from the NTU campus into ...

Kimberly-Clark Invests SGD 25 million in Tuas Plant

Signaling its third investment in four years, Kimberly-Clark announced a new investment of SGD 25 million (USD 18.3 million) in its factory in Tuas, Singapore, which aims ...

EMA Announces Energy Partnerships with PSA and Shell

The Energy Market Authority (EMA) of Singapore announced two new EMA partnerships that total a combined USD 12 million. The aim is to support the uptake of new energy storage ...

Center for Healthcare Innovation Launched at Tan Tock Seng Hospital

Singapore's Ministry of Health recently opened the Ng Teng Fong Center for Healthcare Innovation at Tan Tock Seng Hospital (TTSH). The Ng Teng Fong Center is one of the 9 new ...

BCA Singapore Piloting Voluntary Maintainable Design Appraisal System

The Building and Construction Authority of Singapore is piloting a  new voluntary Maintainable Design Appraisal System to assess building designs' degree of ...

Sangley Point to Handle General Aviation by December

Several domestic flights from the Ninoy Aquino International Airport (NAIA) in Manila will soon be transferred to Sangley Point Air Base in Cavite to ease airport congestion ...

Philippines and South Korea Aim to Conclude FTA Negotiations by November 2019

The Philippines and South Korea have kickstarted negotiations for a Free Trade Agreement (FTA) aiming to conclude the negotiations during the South Korea – ASEAN Summit in ...

Philippine Government Aims to Attract Investment in E-vehicle Manufacturing

The Philippines' Department of Trade and Industry (DTI) is promoting opportunities in the e-vehicle (EV) industry in the country. In a recent high-level roundtable meeting in ...

MOS Burger from Japan to Enter the Philippines

Burger chain operator, Mos Food Services Inc, from Japan will open its first Philippines outlet by the end of March 2020, in partnership with a local dining chain. The ...

Japan Extends USD 202 Million Loan for Road Projects in Mindanao, Philippines

As part of the current Philippine government's ambitious USD 156 billion accelerated Infrastructure spending and development until 2022, the country recently secured a USD ...

DOE Philippines to Give Consumers the Choice to Tap Renewable Energy

Power consumers in the Philippines will soon have an option to source their supply from renewable Energy (RE) producers with the implementation of the “Green Energy Option ...

BSP: Philippine Banks Capitalizing on Fintech to Reach Greater Scale

The central bank of the Philippines (Bangko Sentral ng Pilipinas or BSP) highlighted in its latest Banking Sector Outlook Survey (BSOS) report that majority of local banks ...

Bill Approved to Build Hospital for Overseas Filipino Workers and Dependents

On 3 June, the Philippine House of Representatives approved House Bill 9202 which seeks to establish the Overseas Filipino Workers (OFW) Hospital with at least tertiary level ...

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