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

Petronas and Sinopec Form Strategic Alliance to Propel Energy Innovation

Jun 2024 Malaysia, Energy

Malaysia’s state-owned oil company, Petroliam Nasional Berhad (Petronas), has entered into a strategic collaboration with China Petrochemical Corporation (Sinopec) to explore ...

Sarawak Initiates Southeast Asia’s First Climate Change Center

Jun 2024 Malaysia, Environment

Sarawak, an East Malaysian state located in Borneo, has announced the establishment of Southeast Asia’s first climate change center to spearhead Malaysia’s ...

Malaysia to Spend USD 31 Million to Upgrade 400 Healthcare Facilities

Jun 2024 Malaysia, Healthcare

Malaysia’s Health Ministry announced that a total of 401 projects aimed at upgrading health clinics and other healthcare facilities across the country are currently ...

Google to Invest USD 2 Billion for First Google Data Centre, Google Cloud Region in Malaysia

Jun 2024 Malaysia, ICT

Google plans to invest MYR 9.4 billion (USD 2 billion) in Malaysia, marking its largest investment in the country to date. This initiative includes the establishment of ...

ZTE, Digital Nasional, and Telekom Malaysia Set New 5G Speed Record in Malaysia

Jun 2024 Malaysia, Infrastructure

ZTE, a global telecommunications company has achieved a milestone in collaboration with Digital Nasional Bhd (DNB), Malaysia’s government-owned single wholesale 5G ...

SPIL Breaks Ground on USD 1.4 Billion Semiconductor Plant in Penang, Malaysia

Jun 2024 Malaysia, Manufacturing

Siliconware Precision Industries Co., Ltd. (SPIL), a global semiconductor packaging and testing company based in Taiwan, has marked the commencement of construction for its ...

Apple Sets to Open Flagship Store in Malaysia, Expands Southeast Asian Presence

Jun 2024 Malaysia, Retail/FMCG

Apple will open its first store in Malaysia as part of its regional expansion across Southeast Asia. This will be Apple’s sixth store in the area, following three in ...

Malaysia to Undertake New Cocoa Plantation & Cocoa Farm Recovery Projects

Jun 2024 Malaysia, Agrifood

The Malaysian government has committed MYR 9.5 million (USD 2 million) to a new cocoa cultivation initiative that includes the establishment of a new 350-hectare plantation ...

US Investment Firm Cerberus and South Korea’s HD Hyundai Partner to Revitalize Shipbuilding in Subic Bay

Jun 2024 Philippines, Manufacturing

President Ferdinand R. Marcos Jr. announced that US equity firm Cerberus and South Korea’s HD Hyundai Heavy Industries have partnered to revitalize the shipbuilding ...

Luzon Economic Corridor To Propel the Philippines as a Regional Economic Hub

Jun 2024 Philippines, Economy

The Philippines is strategically positioning itself as a regional hub for smart manufacturing and services, capitalizing on its advantageous geographic location and active ...

US and the Philippines to Collaborate on Nuclear Power Training

Jun 2024 Philippines, Energy

The Philippines and the United States have agreed to train Filipinos in building and operating nuclear power plants to enhance the country’s electricity supply. This ...

Shell Energy Secures Offtake Agreement for North Negros Biomass Plant

Jun 2024 Philippines, Environment

Shell Energy Philippines has entered into an offtake agreement with the Thomas Lloyd Group’s North Negros Biopower Inc. for its biomass plant in Negros Occidental. ...

Makati Life Medical Center Partners with United Imaging for Advanced Cancer Detection Technology

Jun 2024 Philippines, Healthcare

Makati Life Medical Center is set to bring advanced cancer detection and treatment technology to the Philippines through a partnership with United Imaging Healthcare, ...

Aboitiz InfraCapital Launches TARI Estate to Boost Industrial Development in Central Luzon

Jun 2024 Philippines, Infrastructure

Aboitiz InfraCapital Economic Estates has commenced the development of TARI Estate, a significant new industrial hub in the province of Tarlac, Philippines. Leveraging ...

Swiss Insurtech Firm Partners with Globe to Enter the Philippine Market

Jun 2024 Philippines, ICT

Swiss-based insurance technology (insurtech) firm discovermarket has announced its entry into the Philippine market through a partnership with Globe, aiming to introduce ...

Philippines Launches “Re-Horizon 3” to Boost Defense Modernization

Jun 2024 Philippines, Defense/Aerospace

The Philippines has launched the “Re-Horizon 3” military modernization initiative to strengthen its defense capabilities. Despite financial constraints, the ...

Metro Retail Expands in Visayas with Four New Supermarkets

Jun 2024 Philippines, Retail/FMCG

Metro Retail Stores Group, Inc. (MRSGI) is expanding its footprint in Southern Philippines with the construction of four new supermarket stores in Cebu and Leyte. This ...

Philippines Explores Fruit Crop Partnerships with Spain to Boost Agricultural Innovation

Jun 2024 Philippines, Agrifood

The Department of Foreign Affairs (DFA) announced that the Philippine government is considering partnerships in fruit crop development with Spain. A high-level delegation ...

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