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

Digital ID in Thailand Entering Test Phase

Thailand's national digital ID service is expected to be available to the public in the next 3-5 months after undergoing testing. The system is intended to enhance digital ...

B.Grimm Starts Operations at 30.8 MW of Thai Solar Parks

Thai company, B.Grimm, has launched commercial operations at seven solar photovoltaic (PV) parks at home with a combined capacity of 30.83 MW. Four of the plants are ...

Singapore-Based Digital Healthcare Company Partners with AIA

Singapore-based digital managed care platform MyDoc is partnering with global insurance company, AIA, to create its first digitally integrated corporate health screening ...

Singapore Launches First Half 2019 Industrial Government Land Sales Program

The Ministry of Trade and Industry (MTI) of Singapore has launched its Industrial Government Land Sales (IGLS) programme for the first half of 2019 (1H 2019). There will be 5 ...

Singapore Considering Banning, Taxing High Sugar Beverages

The Ministry of Health (MOH) and the Health Promotion Board (HPB) of Singapore are conducting a public consultation from 4 December 2018 to 25 January 2019  to seek views ...

Pratt & Whitney’s Singapore Engine Center Starts GTF Overhauls

Pratt & Whitney's Singapore engine center, Eagle Services Asia (ESA), a member in the global network of maintenance, repair and overhaul (MRO) facilities that service Pratt & ...

New Grant from MAS to Enhance Singapore’s Position as Enterprise Financing Hub

The Monetary Authority of Singapore (MAS) is launching a new SGD 75 million (USD 55 million) Grant for Equity Market Singapore (GEMS) in support of Singapore’s vision to ...

Neste Investing USD 1.6 Billion to Boost Biofuel Production Capacity in Singapore

Finnish biofuel producer, Neste Corporation, revealed plans for an EUR 1.4 billion (USD 1.6 billion) investment to boost its renewable products production capacity ...

LTA Awards Six Contracts for North-South Corridor Tunnels

The Land Transport Authority (LTA) announced on December 26 that it has awarded six contracts totaling SGD 3.14 billion to design and construct the tunnels and commuter ...

KKR Invests USD 33 Million in Singapore Energy Savings Company

Global private equity firm, KKR & Co. is buying a stake valued at SGD 45 million (USD 33 million) in Barghest Building Performance, a Singapore provider of energy saving ...

Equinix to Open Fourth Data Center in Singapore

Equinix, Inc., the global interconnection and data center company, announced on January 7 that it  will build its fourth International Business Exchange (IBX) data center ...

Economic Development Board of Singapore Restructures Operations

According to a report in the Straits Times, dated 7 January, 2019, the Economic Development Board of Singapore has sorted its staff into three 'streams' to help build deeper ...

Vista Land Plans to Adds 7 New Malls to its Portfolio by 2020

Vista Land & Lifescapes Inc, one of the largest property companies in the Philippines, plans to complete seven new malls over the next two years that will add 274,000 square ...

Tanglawan Philippine LNG Inc Receives Approval to Build Terminal

The Tanglawan Philippine LNG Inc has been granted by the Department of Energy the Notice to Proceed to build an LNG terminal in Batangas. The company plans to break ground by ...

Spain Offers €300 Million Funding for Philippine Infrastructure Projects

Two memorandum of understanding (MOU) are currently being finalized by the Spanish Embassy in the Philippines and the Philippines' Department of Finance (DOF), following ...

Philippines Legislature Passes Bill Creating Space Agency

In December 2018, the Philippines House of Representatives approved House Bill No. 8541, or the Philippine Space Development Act, designed to help beef up the country’s ...

Philippine Bill Aims to Open SMEs and Start-ups to Foreign Investors

The Philippine House of Representatives has approved House Bill No. 8764 on its final reading, which attempts to amend the Republic Act No. 7042, referred to as the Foreign ...

New Law in Philippines Aims to Enhance Government Response to HIV-AIDS

The Philippine government is going to strengthen its response to Human Immunodeficiency Virus (HIV) and Acquired Immune Deficiency Syndrome (AIDS) cases as President Rodrigo ...

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