Business News

Business news to help you keep track of the latest developments and identify new opportunities across key sectors in Southeast Asia

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Indonesia’s Research and Food Agencies Collaborate for Food Registration Using AI

Indonesia’s Research and Food Agencies Collaborate for Food Registration Using AI

Indonesia’s National Research and Innovation Agency (BRIN) and the Food and Drug Supervisory Agency (BPOM) have partnered to explore the use of artificial intelligence ...
Specialty Chemical Distributor IMCD Opens Microbiology Laboratory in Jakarta

Specialty Chemical Distributor IMCD Opens Microbiology Laboratory in Jakarta

IMCD, a global distributor of specialty chemicals and ingredients, has opened a microbiology laboratory in Jakarta, Indonesia. The new facility will support product ...
Philippines and South Korea Forge Nuclear Energy Partnerships

Philippines and South Korea Forge Nuclear Energy Partnerships

The Philippines and South Korea have signed multiple Memoranda of Understanding (MOUs) to advance nuclear energy development in the Philippines. These agreements highlight ...
Dairy Industry Seeks Boost from Imports and Policy Reforms

Dairy Industry Seeks Boost from Imports and Policy Reforms

The Philippine Chamber of Agriculture and Food, Inc. (PCAF) is advocating for increased dairy cattle imports and advancements in artificial insemination (AI) technology to ...
PBBM Signs Self-Reliant Defense Posture (SRDP) Revitalization Act

PBBM Signs Self-Reliant Defense Posture (SRDP) Revitalization Act

President Ferdinand R. Marcos Jr. (PBBM) has signed the Self-Reliant Defense Posture (SRDP) Revitalization Act, which aims to foster a robust and sustainable domestic defense ...
Converge ICT Taps Infinera for Subsea and Fiber Expansion Projects

Converge ICT Taps Infinera for Subsea and Fiber Expansion Projects

Broadband provider Converge ICT Solutions Inc. has partnered with Nasdaq-listed Infinera Corp. to supply submarine line terminal equipment (SLTE) for the Philippine branch of ...
Philippines and South Korea Seal Mega Infrastructure Deals

Philippines and South Korea Seal Mega Infrastructure Deals

The Philippines and South Korea have recently signed agreements to finance three major infrastructure projects, aimed at boosting connectivity and economic development in ...
7-Eleven Philippines Targets 500 New Stores in 2025

7-Eleven Philippines Targets 500 New Stores in 2025

7-Eleven Philippines, operated by Philippine Seven Corporation (PSC), is gearing up for significant expansion in the coming years. The convenience store chain, which recently ...
Sweden and Philippines Forge Strategic Partnership for Cancer Care

Sweden and Philippines Forge Strategic Partnership for Cancer Care

The Philippines and Sweden have formalised a strategic partnership aimed at accelerating cancer control efforts, with Bataan serving as the pilot province. The collaboration ...
Copernicus Data Centre Unveiled in the Philippines

Copernicus Data Centre Unveiled in the Philippines

The Philippine Space Agency (PhilSA) recently unveiled the Copernicus Data Centre, a key milestone in the EU Global Gateway strategy. Located in Quezon City, this facility is ...
DA and KAMICO Partner to Establish First Agri Machinery Industry Complex in the Philippines

DA and KAMICO Partner to Establish First Agri Machinery Industry Complex in the Philippines

The Department of Agriculture (DA) and the Korea Agricultural Machinery Industry Cooperative (KAMICO) have signed a memorandum of understanding (MOU) to establish the ...
Philippine Ecozones Attract 150 Taiwanese Firms

Philippine Ecozones Attract 150 Taiwanese Firms

Over 150 Taiwanese companies participated in the Philippine Investment Forum (PIF) held in Taipei on October 22, 2024, showcasing investment opportunities in key sectors such ...
IOI Properties Introduces USD 2.55 Billion Integrated Development in Selangor

IOI Properties Introduces USD 2.55 Billion Integrated Development in Selangor

IOI Properties Group Bhd (IOIPG), one of Malaysia’s largest real estate developers, has announced the launch of the IOI Rio City masterplan, a 40.46-hectare (100-acre) ...
Penang Selected for MKS Instruments’ USD 100 Million Super Center Semiconductor Facility

Penang Selected for MKS Instruments’ USD 100 Million Super Center Semiconductor Facility

MKS Instruments Inc., a US-based global technology solutions provider, has announced a USD 100 million investment to build a state-of-the-art super center factory in Batu ...
Cargill Expands Cocoa Production in Indonesia, Addressing Demand for Indulgent Foods

Cargill Expands Cocoa Production in Indonesia, Addressing Demand for Indulgent Foods

Cargill has announced the launch of a new cocoa production line at its processing plant in Gresik, Indonesia, in response to the growing demand for rich, flavorful, and ...
Turkish Company to Co-Produce Armored Personnel Carrier for the Indonesian Army

Turkish Company to Co-Produce Armored Personnel Carrier for the Indonesian Army

Turkish armored vehicle manufacturer FNSS and Indonesia’s Pindad have formalized a development and production agreement to manufacture the Kaplan armored personnel carrier ...
Japanese Retailer Aeon to Invest USD 35 Million in New Mall in Vietnam

Japanese Retailer Aeon to Invest USD 35 Million in New Mall in Vietnam

Japanese retailer Aeon has announced plans to invest USD 35 million in constructing a new shopping mall in Phu Ly town, located in Vietnam’s northern Ha Nam province. This ...
Swedish Entrance Automation and Door Control Specialist Opens USD 30 Million Factory in Vietnam

Swedish Entrance Automation and Door Control Specialist Opens USD 30 Million Factory in Vietnam

In September 2024, Assa Abloy Group, a global leader in entrance automation and door control solutions, inaugurated its USD 30 million factory in the northern port city of ...

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