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

US Approves Two Possible Attack Helicopter Sales Packages for Philippines

May 2020 Philippines, Defense/Aerospace

The US State Department has notified the US congress that two possible sales of attack helicopters to the Philippines through Foreign Military Sales (FMS) were approved. The ...

Top Philippine Export Abaca in High Demand for Use as PPE Material

May 2020 Philippines, Manufacturing

A raw material sourced from a type of banana plant, Musa textilis, is now in high demand due to the global shortage of one of the most important tools against the coronavirus ...

Project to Generate Energy from Food Waste Project Obtains Japanese Funding

May 2020 Philippines, Environment

METPower Venture Partners Holdings, Inc, a waste-to-energy venture of Metro Pacific Investments Corp (MPIC) with Dole Philippines, Inc was recognized as a joint crediting ...

Department of Science and Technology Proposes Creation of Virology Institute in Philippines

May 2020 Philippines, Healthcare

The Department of Science and Technology (DOST) in the Philippines announced that it has submitted a proposal for a creation of virology institute in the Philippines. The ...

ARUP Wins Contract to Develop New Water Source for Metro Manila

May 2020 Philippines, Infrastructure

UK-headquartered consulting engineer, Arup, has wont a contract to help develop a new water source for Metro Manila that will pave the way to addressing the water woes of the ...

Philippines’ Department of Finance Plans Flexible Incentives for Investors

May 2020 Philippines, Economy

The Department of Finance (DOF) in the Philippines is looking to offer customized fiscal and non-fiscal perks to investors under the Corporate Recovery and Tax Incentives for ...

Bank of the Philippine Islands Collaborates with Swiss Firm Avaloq on Digital Transformation

May 2020 Philippines, ICT

Bank of Philippine Islands (BPI), the country’s fourth largest bank in terms of assets, has tapped Swiss leading fintech service provider, Avaloq, to digitalize BPI’s ...

Siemens Gamesa Developing Innovative Hybrid Energy Plant in the Philippines

May 2020 Philippines, Energy

Siemens Gamesa is developing an innovative hybrid energy project in Puerto Galera on the island of Mindoro in the Philippines that will address the intermittency of renewable ...

Philippine Food Service Leader to Spend PHP 7 Billion in Response to COVID-19 Pandemic

May 2020 Philippines, Retail/FMCG

Philippines-based Jollibee Foods Corporation (JFC), one of Asia's largest food service companies disclosed that it is going to spend PHP 7 billion (USD 138.1 million) to ...

More Malaysian Companies Venturing into Medical Supplies Manufacturing Driven by COVID-19

May 2020 Malaysia, Healthcare

A growing number of Malaysian companies reportedly are venturing into medical supplies manufacturing, following the rapid surge in demand from domestic and global communities ...

Maskargo Operates A380 for E-Commerce Goods Delivery

May 2020 Malaysia, Defense/Aerospace

MAB Kargo Sdn Bhd (MASkargo), a subsidiary of Malaysia Aviation Group whose portfolio also includes Malaysia Airlines Berhad, had on last April 26 operated the latter’s ...

Malaysia’s TNB Partners with Envision to Digitize Solar Operations

May 2020 Malaysia, Energy

TNB Renewables Sdn Bhd (TRe), a wholly-owned subsidiary of Tenaga Nasional Berhad (TNB), Malaysia's national electricity utility company, has appointed Singapore-based ...

Malaysia’s Teo Seng Paper Products Produces PEFC Certified Eco-Friendly Egg Trays

May 2020 Malaysia, Environment

Teo Seng Paper Products Sdn Bhd (TSPP), a subsidiary of Teo Seng Capital Bhd, one of Malaysia’s largest egg producers has become the first company in the country to obtain ...

Malaysian, Taiwanese Firms Enter Partnership to Manufacture Automotive Lighting Parts

May 2020 Malaysia, Manufacturing

MCE Holdings Bhd, one of the largest automotive electronics and mechatronics parts manufacturers in Malaysia has entered into an agreement with Taiwan-based Juoku Technology ...

Malaysian Palm Oil Council Exploring Blockchain to Enhance Traceability

May 2020 Malaysia, ICT

The Malaysian Palm Oil Council (MPOC) is working with BloomBloc, a blockchain development company based in Switzerland and Malaysia, to implement blockchain technology in the ...

Malaysia Allows Construction to Resume on East Coast Rail Link

May 2020 Malaysia, Infrastructure

The Malaysian government has allowed construction work on Malaysia's biggest mega project, the East Coast Rail Link (ECRL) to resume on April 29 as the country entered the ...

Leading Palm Oil Producer in Malaysia Ventures into Dairy Farming

May 2020 Malaysia, Retail/FMCG

FGV Holdings Bhd (FGV), one of the world’s largest producers of crude palm oil (CPO), has ventured into the local food and beverage industry in Malaysia through its ...

IMF Expects Malaysia’s GDP Growth to Bounce Back to 9% in 2021

May 2020 Malaysia, Economy

The International Monetary Fund (IMF) is projecting Malaysia’s real gross domestic product (GDP) to grow at a rate of 9% next year, the fastest among the five major ...

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