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
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 ...
Baguio Sewage Treatment Plant Due for Upgrading, Expansion
The Mayor of Baguio City in the Philippines recently ordered the City Buildings and Architecture Office (CBAO) to craft a program for the upgrading and expansion of the ...
Scatec Solar connects 65MW solar plant to grid
Scatec Solar, a Norwegian firm, and its partners have connected the 65 MW (DC) Jasin plant to the grid. This is the second of three 65 MW solar plants being built by Scatec ...
Sabah Considering Setting up Council to Promote Medical Tourism
The state government of Sabah in Malaysia is planning to set up a Health Tourism Council under the Ministry of Tourism and Culture to promote Medical tourism in the state. ...
Petronas Initiates Production at Floating LNG Facility
Petronas, the Malaysian State Owned Enterprise (SOE) recently achieved its first Liquefied Natural Gas (LNG) drop at its floating LNG facility, PLFING Satu, at the Kebabangan ...
Perangsang Selangor Acquires Plastic Injection Molding Firm
Kumpulan Perangsang Selangor Bhd (Perangsang Selangor), a corporate entity owned by the state of Selangor, is buying a 100% stake in Toyoplas Manufacturing, an integrated ...
Oracle Launches Cloud Solution Hub in Malaysia
Oracle has launched a new Cloud Solution Hub in Kuala Lumpur to help organizations of all sizes, particularly Small and Medium Enterprises, to benefit from technologies such ...
New Facility in Malaysia to Assemble Chinese Y-12F Aircraft
A USD 100 million plant for assembly of the Harbin Y-12F aircraft is under construction at the Alor Setar airport in Kepala Batas, Kedah, Malaysia. Once this facility is ...
Malaysian Ministry Signs Deals with Chinese Firms for Affordable Housing
The Malaysian Ministry of Housing and Local Government signed a Memorandum of Understanding (MOU) with 8 Chinese companies for potential future foreign direct investment and ...
Malaysia Fourth Biggest beneficiary of Sino-US Trade War
According to a research report by Japanese Bank Nomura, Malaysia is the fourth biggest beneficiary of the trade war. Vietnam is the biggest beneficiary, gaining 7.9% of its ...
Aeon Malaysia to Inject USD119 million on New Malls and Renovations
This fiscal year, Aeon Malaysia is set to spend approximately MYR 500 million (USD 119.2 million) on mall refurbishments and new locations. A slight decrease from last year, ...
Tokopedia Expanding E-Commerce Services to Keep Rivals at Bay
Indonesian e-commerce giant Tokopedia is expanding its one-day delivery guarantee to nearly all of its products in a move to keep rivals at bay. While the 100% Indonesia ...
Ratings Agency S&P Raises Indonesia’s Sovereign Rating to BBB
Credit rating agency, Standard & Poor's (S&P) upgraded the Sovereign Credit Rating of the Republic of Indonesia from BBB-/ Stable Outlook to BBB/Stable Outlook on 31 May ...
Indonesian Organization Lands Google Aid to Reduce Plastic Waste
Google will provide training, funding and assistance to Gringgo Indonesia Foundation to develop artificial intelligence (AI) as a means to sort and reduce plastic waste. The ...
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