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

US Tariffs Challenge Singapore’s Trade, Finance, and Manufacturing

May 2025 Singapore, Economy

In April 2025, the United States (US) imposed a 10% tariff on nearly all imports, including those from Singapore, under the International Emergency Economic Powers Act. ...

Cargill Unveils Transformed Innovation Center in Singapore

May 2025 Singapore, Agrifood

Cargill unveiled its transformed Innovation Center in Singapore on April 10, 2025, marking a significant milestone in advancing food innovation for Asia. Supported by the ...

Sembcorp to Build Singapore’s Largest Floating Solar Farm for Meta

May 2025 Singapore, Environment

In April 2025, Sembcorp Industries announced a 25-year Renewable Energy Purchase Agreement (REPA) between its wholly owned subsidiary, Sembcorp Solar Singapore Pte Ltd, and ...

Temasek Trust and LKSF Fund Singapore’s First Histotripsy Cancer Trials

May 2025 Singapore, Healthcare

The Li Ka Shing Foundation (LKSF) and Temasek Trust have jointly committed SGD 9 million (about USD 6.7 million) to support the acquisition of advanced medical systems and ...

SGTech Launches TechConnect Asia to Boost Global-Tech Ties

May 2025 Singapore, ICT

SGTech, Singapore’s leading technology trade association, launched TechConnect Asia, an initiative designed to bridge global technology firms with Singapore’s ...

DHL Unveils USD 11.2 Million Pharma Hub in Singapore

May 2025 Singapore, Infrastructure

DHL Supply Chain has launched a new EUR 10 million (USD 11.2 million) Pharma Hub in Singapore, marking a significant expansion of its life sciences and healthcare (LSHC) ...

Milliken Opens First Chemical Plant in Asia, Launches Advanced Manufacturing Hub in Singapore

May 2025 Singapore, Manufacturing

Milliken & Company, a global leader in specialty chemicals and advanced materials, officially inaugurated its first chemical manufacturing facility in Asia in April 2025, ...

Foodpanda Automates Singapore Dark Stores to Accelerate Grocery Deliveries and Personalize Shopping

May 2025 Singapore, Retail/FMCG

Foodpanda has taken a major step in Singapore by automating its “dark stores”-dedicated retail warehouses that support its Pandamart cloud grocery service. The company is ...

France’s HDF Energy Partners with Indonesian Agencies to Advance Hydrogen-Based Maritime Decarbonization

May 2025 Indonesia, Environment

In a major move to support Indonesia’s energy transition, PT HDF Energy Indonesia—a subsidiary of France-based HDF Energy specializing in large-scale hydrogen ...

Indonesia Teams Up with Denmark’s Vestas to Launch Wind Energy Project

May 2025 Indonesia, Energy

Indonesia’s state-owned power company, PT PLN Nusantara Power, has entered into a partnership with Denmark-based Vestas Development to advance wind energy projects across the ...

Qatar and Indonesia’s Sovereign Wealth Fund to Jointly Invest USD 4 Billion

May 2025 Indonesia, Economy

Indonesia’s sovereign wealth fund, Danantara, and the government of Qatar have agreed to establish a USD 4 billion investment fund jointly focused on Indonesia, marking ...

Turkish Company to Set Up Joint Defense Manufacturing Facility in Indonesia

May 2025 Indonesia, Defense/Aerospace

Türkiye’s state-owned defense contractor Roketsan has signed an agreement with Indonesia to establish a joint defense production facility, as confirmed by the company’s CEO ...

UAE Company Plans Major Investment in Indonesia’s Dairy Industry

May 2025 Indonesia, Agrifood

Al-Ain Farms, a leading dairy producer based in the United Arab Emirates, is poised to invest in Indonesia as the country aims to reduce its dependence on milk imports. ...

Korean Food Company Paldo to Introduce Pororo Kids Drinks in Indonesia

May 2025 Indonesia, Retail/FMCG

Korean food company Paldo announced plans to launch its popular Pororo children’s beverage in Indonesia this year by partnering with local distributor Indofood Group. ...

Pegatron Unveils AI and 5G Smart Factory in Partnership with Indonesia’s Leading Telecom Company

May 2025 Indonesia, Manufacturing

Pegatron, a global technology leader, has officially opened its new smart manufacturing facility in Batam, Indonesia. The factory integrates advanced Artificial Intelligence ...

Netherlands Allocates USD 360 Million for Indonesia’s Water Infrastructure

May 2025 Indonesia, Infrastructure

The Dutch government has reaffirmed its commitment to supporting Indonesia’s priority programs in water resource management, including the development of a giant sea ...

Indonesia and Estonia Forge Partnership on Data Governance and Digital Public Infrastructure

May 2025 Indonesia, ICT

Through the Ministry of National Development Planning (PPN)/Bappenas, Indonesia is deepening its collaboration with the Estonian Government to advance its digital ...

Fullerton Health Indonesia Opens Jakarta’s First Executive Health Screening Centre

May 2025 Indonesia, Healthcare

Fullerton Health Indonesia, a Singapore-based Fullerton Health Group subsidiary established in 2010, has officially launched its first Executive Health Screening Centre (EHS) ...

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