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
BoomGrow and CelcomDigi Forge Strategic Partnership to Revolutionize Malaysia’s Agriculture with 5G, AI, and XR Integration
BoomGrow Productions Sdn Bhd, a Malaysian agritech company, has entered a strategic partnership with CelcomDigi Berhad to revolutionize Malaysia’s agricultural sector. ...
Malaysia’s Ministry of Defense Awards BHIC AeroServices USD 8.6M Helicopter Support Contract
The Malaysian Ministry of Defense (MINDEF) has awarded a five-year contract worth MYR 378 million (USD 8.6 million) to BHIC AeroServices (BHICAS), a subsidiary of Boustead ...
Malaysia’s Digital Investment Surges to USD 14.7 billion in the First Half of 2024
The Malaysian Ministry of Digital announced that the country’s digital investment reached MYR 66.22 billion (USD 14.7 billion) in the first half of 2024 (1H 2024), ...
Solarvest and Agmo Launch Joint Venture for Digital Clean Energy Solutions
Solarvest Holdings Berhad, a leading provider of clean energy solutions in Malaysia, has announced a strategic joint venture with Agmo Holdings Berhad, a digital solutions ...
UNDP Launches Malaysia Island Innovation Challenge to Tackle Waste Management
The United Nations Development Programme (UNDP), in collaboration with the Malaysian Ministry of Finance, has launched the Malaysia Island Innovation Challenge to encourage ...
Insulet Opens New Manufacturing Facility Worth USD 200 Million in Malaysia
Insulet, a U.S.-based diabetes device manufacturer, has officially opened a new manufacturing facility in Johor Bahru, Malaysia, marking a significant milestone in a USD 200 ...
CelcomDigi and Huawei Partner to Enhance Malaysia’s AI-Driven 4G and 5G Networks
CelcomDigi Bhd, a Malaysian telecommunications provider, has entered a Memorandum of Understanding (MoU) with Huawei Technologies (Malaysia) Sdn Bhd to collaborate on ...
Tesla Boosts Malaysia’s EV Ecosystem with USD 13.5 Million Infrastructure Investment
The Malaysian Ministry of Investment, Trade, and Industry (MITI) has announced that Tesla has invested USD 13.5 million in the country’s electric vehicle (EV) charging ...
Sunway Group Unveils USD 222 Million Project for Perak’s Largest Retail Complex
Sunway Group, one of Malaysia’s largest property conglomerates, has announced plans for the Sunway Ipoh Mall, which will become the biggest shopping center in Perak ...
Silicon Valley’s Enovix Unveils USD 1.2 Billion Battery Manufacturing Facility in Malaysia
Silicon Valley-based battery technology company Enovix Corporation has inaugurated its first high-volume manufacturing facility, Fab2, in Penang, Malaysia, focusing on the ...
NEDA Board Approves Key Projects to Modernize Civil Service and Enhance Infrastructure
The National Economic and Development Authority (NEDA) Board, chaired by President Ferdinand R. Marcos Jr., approved several significant projects aimed at modernizing ...
UK’s MOBILIST Program Invests in Philippine Renewable Energy IPO
UK’s MOBILIST program announced its investment in the initial public offering (IPO) of Citicore Renewable Energy Corporation (CREC) on the Philippine Stock Exchange (PSE), ...
BCDA Partners with Danish Company for New Clark City’s Decarbonization
The Bases Conversion and Development Authority (BCDA) has partnered with Danish green solutions company Danfoss Inc. to drive sustainability and decarbonization efforts in ...
Singapore and Taguig City Collaborate to Enhance Maternal Health with Expanded Breast Milk Bank and Telemedicine Services
Singapore’s KK Women’s and Children’s Hospital (KKH) and SingHealth Duke-NUS Maternal and Child Health Research Institute (MCHRI) have signed a memorandum of understanding ...
Nissin’s USD 21.78 million Biscuit Factory in Davao Approved by BOI
The Board of Investments (BOI) has approved Monde Nissin Corporation’s USD 21.78 milion investment in a new biscuit manufacturing facility in Davao City. The facility, ...
Clark Food Hub to Tackle Agricultural Storage and Logistics Issues
A new National Food Hub is set to rise in Clark, aiming to become the Philippines’ largest agro-logistics facility. The PHP 8.5 million (USD 150,000) project will span ...
Delaware Philippines Partners with LIPAD for Airport Automation and Upgrades
Delaware Philippines, a global provider of information and communication technologies (ICT), has joined forces with Luzon International Premiere Airport Development (LIPAD) ...
US Invests USD 32 Million to Upgrade Basa Air Base in the Philippines
The Pentagon has awarded a USD 32 million contract for upgrades to Basa Air Base in the Philippines, part of a broader initiative to enhance military infrastructure under the ...
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