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’s Seletar Aerospace Park to Offer Indoor Testbeds for Drones

JTC Corporation, the government agency responsible for the development and management of industrial estates, and the Association of Aerospace Industries Singapore (AAIS) ...

Singapore Unveils Underground Space Usage Plans for 3 Pilot Areas

Under its Draft Master Plan 2019 (DMP19) released on 27 March, the Urban Redevelopment Authority (URA) of Singapore has unveiled plans for underground space use in three ...

Singapore to Invest USD 60 Million in Cell Therapy Manufacturing

At the 11th Research, Innovation and Enterprise Council (RIEC) Meeting of the Singapore government on 27 March, it was announced that Singapore will invest SGD 80 million ...

Singapore Agrees on Mutual Recognition of Derivative Trading Venues with EU and the US

On 1 April 2019, the European Commission recognized a number of Singapore trading venues authorized by the Monetary Authority of Singapore (MAS) as eligible for compliance ...

NTUC Income Partners with ZhongAn for Digital Insurance Innovation

NTUC Income, a leading insurer in Singapore announced a partnership with ZA Tech Global Limited (ZA Tech), the business entity for overseas technological exports formed by ...

New Center in Singapore to Support Energy Sector Innovation by SMEs and Start-ups

Nanyang Technological University, Singapore (NTU), Enterprise Singapore, and the Sustainable Energy Association of Singapore (SEAS) launched a one-stop hub on 16 April to ...

New 135,700 sqm Retail Complex Opened at Singapore Airport

On 11 April, Jewel Changi Airport (Jewel) gave selected members of the public a sneak peek into a 135,000 sqm lifestyle destination at Changi Airport, developed by Jewel ...

Makino Asia Opens Smart Factory in Singapore

Makino Asia, a manufacturer of machining tools opened a new smart manufacturing facility in Singapore, built with an investment of SGD 100 million (USD 74 million). The ...

E-waste Recycling Research Center Launched Through Singapore-France Collaboration

Nanyang Technological University, Singapore (NTU) and the French Alternative Energies and Atomic Energy Commission (CEA) launched a joint research center in March 2019 to ...

PLDT Partnering with Cisco for 5G-Ready Network

US tech giant, Cisco, has bagged a multimillion-dollar deal with PLDT, the country’s largest telecommunication company, to transform its Infrastructure into a fully automated ...

Philippines Bill to Provide Incentives for Innovative Start-ups

The Philippines government is taking a significant step to make local startups more competitive in the region. Senate Bill 1532 or the Innovative Startup Act is awaiting ...

Mondelez Philippines Taps Energy Development Corp for Geothermal Energy

Mondelez Philippines, the Philippine subsidiary of global snacks manufacturer Mondelez International, has tapped Energy Development Corp (EDC) to supply renewable Energy to ...

MacroAsia, PTC Group Inaugurate Aviation School in Subic

MacroAsia, Philippine Airlines’ (PAL) aviation support affiliate, and PTC Group, a diversified crew management and training company in the Philippines, have jointly opened ...

Local Philippine Units to Receive Enhanced Support for Climate Resilient PPP Projects

 Local governments and entities in the Philippines have been provided enhanced access to a facility that can fund the feasibility studies and project development phase of ...

Japan’s Mitsukoshi Mall Set to Open in the Philippines

Philippine real estate company, Federal Land, has partnered with Japanese peer Nomura Real Estate Development and retail specialist Isetan Mitsukoshi Holdings to develop the ...

Indonesian Firm Investing USD 80 Million for Coffee Factory in the Philippines

Indonesia’s PT Mayora Indah Tbk (Mayora), the company behind the 3-in-1 instant coffee brand Kopiko, has announced an investment of over USD 80 million for setting up a ...

DPWH, Sarangani LGU Partner with Foreign Consultants for Watershed Rehab Feasibility Study

The Department of Public Works and Highways (DPWH) and the local government of Sarangani have kicked off a 11-month feasibility study on watershed rehabilitation and ...

Disability Assistance Medical Robot from Japan Brought to Philippines

Hospital directors, top physical therapists, Medical and wellness practitioners, and Medical students throughout the country gathered at a Medical symposium jointly organized ...

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