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

Israeli Electric Aircraft Maker Acquired by Singapore Investment Group

Sep 2019 Singapore, Defense/Aerospace

Singapore-based investment group Clermont acquired a majority 70% stake in Israeli company, Eviation Aircraft (Eviation) in August 2019. Eviation is the developer of the ...

Housing Development Board of Singapore Conducting 3D-Printing Trials

Sep 2019 Singapore, Infrastructure

Singapore's public housing authority, the Housing Development Board (HDB) is exploring the usage of 3D-printing technology for certain small components in two upcoming ...

East Japan Railway to Open Retail Outlets in 27 Metro Stations in Singapore

Sep 2019 Singapore, Retail/FMCG

Japan’s largest passenger train line operator, East Japan Railway Company (JREast) is planning to open retail outlets at 27 of the 32 stations on Singapore's ...

Accountancy Industry Digital Plan Launched in Singapore

Sep 2019 Singapore, ICT

On 22 August 2019, the Accountancy Industry Digital Plan (IDP) was launched in Singapore to digitally transform the country's accountancy sector. The IDP was developed by the ...

Philippine Cement Firm Pouring in USD 195 Million in its Plants to Meet Rising Domestic Demand

Sep 2019 Philippines, Manufacturing

Big Boss Cement, Inc. (BBCI), the country’s newest cement player using a unique Environment-friendly process, is investing a total of PHP 10 billion (USD 195 million) for its ...

PPA Fast-tracking Offers to Upgrade Seaports Across the Country

Sep 2019 Philippines, Infrastructure

The Philippine Ports Authority (PPA), the Philippines' main authority managing large-scale ports, has recently received a couple of unsolicited seaport development proposals ...

Philippines’ PLDT and Converge ICT to Build More Subsea Cables

Sep 2019 Philippines, ICT

More investments in the improvement of technology Infrastructure, particularly submarine cabling, will be seen in the next few years as the country’s largest telecom company, ...

Philippines Explores Halal Cooperation with Indonesia

Sep 2019 Philippines, Retail/FMCG

The Philippines’ Department of Trade and Industry (DTI) has expressed its interest to enter into a Mutual Recognition Arrangement (MRA) on halal certification and ...

Philippine Navy Plans to Acquire its First Ever Submarines

Sep 2019 Philippines, Defense/Aerospace

The Philippines Navy (PN) announced that President Rodrigo Duterte has approved the inclusion of two submarines in its acquisition list. These will be the first ever ...

Philippine Bill Seeks to Open up “Public Services” to Foreign Players

Sep 2019 Philippines, Economy

House Bill (HB) No. 78, a proposed amendment to 83-year old Public Service Act or Commonwealth Act No. 146, which aims to open up certain utilities to investments ...

Korean Company to Develop Solar Power Plant in the Philippines

Sep 2019 Philippines, Energy

Philippine company Amatera Renewable Energy Corp. has entered into a memorandum of agreement (MOA) with Korean partner TPC Construction Corp. for the development of a 50 ...

Filinvest and Hitachi Form 60-40 Water Solutions Joint Venture

Sep 2019 Philippines, Environment

Philippine conglomerate Filinvest Development Corporation (FDC) and Singapore firm Hitachi Aqua-Tech Engineering Pte. Ltd. inked a joint venture (JV) agreement to put up a ...

European Nutrition Company Enters Philippines Market

Sep 2019 Philippines, Healthcare

Nutricia, a popular brand from Europe for early life and Medical nutrition, recently announced its plan to enter the Philippines before the year ends. Nutricia is under the ...

Singapore-Based Blue Planet Acquires Malaysian Industrial Waste Processing Company

Sep 2019 Malaysia, Environment

Singapore’s Blue Planet Environmental Solutions Pte Ltd has recently acquired Globecycle Holdings Sdn. Bhd., a waste management company specializing in handling industrial ...

Prudential Introduces AI-Powered Health Mobile App in Malaysia

Sep 2019 Malaysia, Healthcare

Prudential Corporation Asia has introduced Pulse, an all-in-one digital app with Artificial Intelligence (AI)-powered health information. Officially unveiled on 12 August, ...

Mega Projects to Drive Malaysia’s Economy in Second Half of 2019

Sep 2019 Malaysia, Economy

Economist Lee Ju Ye from Maybank Kim Eng Group, a wholly-owned subsidiary of Maybank stated that Malaysia’s economic growth for the second half of 2019 will be positively ...

Malaysia’s DreamEDGE to Work with Japan’s Daihatsu for Third National Car

Sep 2019 Malaysia, Manufacturing

Malaysia's Minister of International Trade and Industry (MITI), Darell Leiking, has announced that Malaysian digital engineering services firm, DreamEDGE Sdn Bhd has been ...

Malaysia Needs USD 7.9 Billion to Achieve Renewable Energy Target by 2025

Sep 2019 Malaysia, Energy

Malaysian Minister of Energy, Technology, Science, Climate Change and Environment (MESTECC) Yeo Bee Yin stated that Malaysia will need MYR 33 billion (USD 7.9 billion) worth ...

Explore Our Services