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 Introduces Supercomputer for Medical Research

Singapore's National Supercomputing Centre (NSCC), SingHealth, and American chipmaker Nvidia have just announced the co-development of a supercomputer that will speed up ...

The Philippines Collaborates with Israel on Dairy Sector

The Embassy of Israel in the Philippines and the Israel Economic Commercial Mission to the Philippines commenced a partnership with the Philippines' Department of Agriculture ...

Malaysia’s Renewable Energy Target – 40% by 2035

Malaysia’s Energy and Natural Resources Ministry has doubled the country’s green energy or Renewable Energy (RE) generation target to 18,000 megawatts (MW) by 2035, up from ...

Thailand’s Largest Cement Maker Focuses on Green Manufacturing

Siam Cement Group (SCG) is refocusing its operations on green manufacturing. Specifically, it has been recently reported that Thailand's largest cement maker and industrial ...

Singapore Economy 2030 Plan is to Grow Trade, Services and Enterprises by USD 1 trillion

The Singapore government has unveiled a new plan to strengthen local businesses in various sectors, with an aim to significantly grow the export value from SGD 805 billion ...

Livingstone Health to Partner with Vietnam to Develop Hospital Capabilities

Health Holding Livingstone, a Singapore-based multidisciplinary healthcare group, has recently partnered with the National Phytopharma Joint Stock Company and Truth Assets ...

KATC and GMI AERO SAS France to Build Aviation Repair Facility in Sabah

KKIP Aerospace Training Centre (KATC), a subsidiary of Sabah's industrial park KKIP Sdn. Bhd. will construct a licensed composite repair facility in Sabah and Asia for GMI ...

French Government Eager to Supply Assets for Philippines’ First Submarine Force

France has once again reiterated its keen interest to work with the Philippine government in strengthening the country’s maritime capabilities. The two governments have ...

SAP Launches Digital Innovation Hub to Spearhead Next Generation Engineering

In March 2022, German multinational software company SAP announced that it had launched SAP Labs Singapore, a digital innovation hub that is expected to help drive product ...

Malaysia to Construct its First Smart Cocoa Plantation Plan

Malaysian Cocoa Board (MCB), the federal statutory agency responsible for the cocoa industry, is collaborating with several partners to build the first smart cocoa plantation ...

Japanese Government Collaborates with the Philippines to Promote Proper Waste Disposal

Amid the COVID-19 pandemic threats to public health and the environment, the National Solid Waste Management Commission (NSWMC) and the Japanese government are working ...

Indonesia to Acquire French Scorpene-Class Submarines

The Indonesian Navy plans to acquire French Scorpene-class submarines, which are jointly built by French shipbuilder Naval Group and Spain’s Navantia, and feature a modular ...

Medtecs Eyes USD 2-B Worth Industrial Town Project

Medtecs International, the world’s leading provider and distributor of personal protective equipment (PPE), is in talks with the government to put up a nearly USD 2-billion ...

MOU to Boost Indonesia and Switzerland Investments Cooperation

Switzerland, the 10th largest foreign investor in Indonesia in 2021, with an investment value of USD 599.8 million via 281 projects, has signed a three-year memorandum of ...

SIT Punggol to Build Largest Private Microgrid in Singapore

The Singapore Institute of Technology (SIT) has announced that the Singapore Power Group (SP) plans to invest up to an additional USD 6 million to enhance the microgrid it ...

Vietnam’s Race to Open Cold Storage Systems

Investments in cold storage facilities in Vietnam have begun to take off in recent years as a result of rising demand. According to Savills, a global services firm ...

Thailand Relaxes Tax Rules for Digital Assets  

Thailand has just relaxed tax rules for investments in digital assets. The bid to promote the industry follows a rapid growth in cryptocurrency trading in Southeast Asia's ...

Meralco Allots USD 2.9 Billion for CAPEX in the Next Four Years

Manila Electric Co. (Meralco) is allotting PHP 149.66 billion (USD 2.9 billion) for its capital expenditure (capex) program in the next four years. On a per year basis, ...

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