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

Singapore Unveils Smart Nation 2.0 with Focus on Growth, Community, and Trust

Oct 2024 Singapore, ICT

Singapore has launched Smart Nation 2.0, a renewed strategy to deepen digital transformation across society and secure its leadership in technological innovation. Since the ...

Singapore to Begin Construction of Changi Airport’s Terminal 5 in 2025

Oct 2024 Singapore, Defense/Aerospace, Infrastructure

Singapore will commence construction on Changi Airport’s new Terminal 5 in the first half of 2025, marking a significant step in the city-state’s plans to enhance its ...

dsm-firmenich Boosts Innovation and Production with New Facilities in Singapore

Oct 2024 Singapore, Manufacturing

dsm-firmenich has unveiled two new facilities in Singapore’s Tuas region, strengthening its innovation and manufacturing capabilities within the Asia-Pacific region. ...

FairPrice Group Expands Thai Food Offerings Through Partnership with Central Food Retail Group

Oct 2024 Singapore, Retail/FMCG

FairPrice Group (FPG) has signed a partnership agreement with Thailand’s Central Food Retail Group (CFG) to expand the selection of Thai food products available in Singapore, ...

Thailand’s Retail Sector Set to Be Boosted by Cash Handouts

Oct 2024 Thailand, Retail/FMCG

Wholesalers and retailers across Thailand express optimism regarding the government’s THB 10,000 (USD 300) cash handout under the Digital Wallet scheme aimed at ...

Philippines Unveils Agriculture Modernization Program to Boost Infrastructure and Productivity

Oct 2024 Philippines, Agrifood

The Department of Agriculture (DA) has launched a four-year program aimed at modernizing the Philippines’ agriculture sector, with a focus on improving infrastructure ...

Philippines Moves to Strengthen Defense with US-Made Typhon Missile System

Oct 2024 Philippines, Defense/Aerospace

The Armed Forces of the Philippines (AFP) is advancing its defense modernization efforts by pursuing the procurement of the U.S.-made Typhon Mid-Range Capability (MRC) ...

MIDC and PhilTower Finalize Telecom Infrastructure Partnership

Oct 2024 Philippines, ICT

MIESCOR Infrastructure Development Corp. (MIDC) and PhilTower Consortium, Inc. have finalized a joint venture aimed at enhancing telecom infrastructure and accelerating the ...

Construction of Lapu-Lapu Expressway to Begin in 2025

Oct 2024 Philippines, Infrastructure

The construction of the 12-kilometer Lapu-Lapu Expressway (LLEX), the first expressway in the Visayas and Mindanao regions, is set to begin next year. This was confirmed by ...

First Disney Store in Southeast Asia Opens in Manila

Oct 2024 Philippines, Retail/FMCG

The first Disney Store in Southeast Asia has officially opened its doors at SM Mall of Asia in the Philippines, marking a significant addition to the region’s retail ...

Philippines Opens First Electric Vehicle Battery Plant

Oct 2024 Philippines, Manufacturing

President Ferdinand Marcos inaugurated the Philippines’ first electric vehicle (EV) battery factory on September 30, 2024, emphasizing its importance for the future of ...

L’Oréal and Watsons Launch First Green Business Partnership in the Philippines

Oct 2024 Philippines, Environment

L’Oréal and Watsons have partnered to launch the first green joint business plan in the Philippines’ beauty and wellness sectors. This initiative addresses the pressing ...

UK Firm Invests USD 600 Million in Largest Solar Project in the Philippines

Oct 2024 Philippines, Energy

In a significant development for the renewable energy sector, UK-based investment firm Actis has committed USD 600 million to the Philippines’ largest solar power ...

Japan, Korea, and U.S. Pledge USD 29 Million to Boost Healthcare in BARMM

Oct 2024 Philippines, Healthcare

Japan, South Korea, and the United States have committed PHP 1.6 billion (USD 29 million) over the next five years to enhance healthcare in the Bangsamoro Autonomous Region ...

PEZA Eyes Increased Singaporean Investments in Philippine Ecozones

Oct 2024 Philippines, Economy

The Philippine Economic Zone Authority (PEZA) is ramping up efforts to attract more Singaporean investments, especially in high-impact, energy-intensive sectors such as ...

Thailand to Build its First Silicon Chip Plant

Oct 2024 Thailand, ICT, Manufacturing

The Thailand Board of Investment (BOI) has announced a joint venture between Hana Microelectronics and Thai energy firm PTT to establish the country’s first silicon carbide ...

Thailand’s Largest Dairy Producer and Distributor Invests in Enhanced Cold Supply Chain

Oct 2024 Thailand, Infrastructure

KCG Corporation (KCG), Thailand’s leading dairy producer and distributor, is repositioning its new logistics park from a “cost center” to a “profit ...

Thailand Invests in Home AI Assistants for Elderly Healthcare Services

Oct 2024 Thailand, Healthcare, ICT

Thailand’s latest AI-powered Dinsaw robot, the “Home AI Assistance,” is set to play a key role in delivering healthcare to the elderly at home, according to ...

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