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
Philippines on the Brink of a “Railway Renaissance”
The Philippines is set to enter a “railway renaissance” with the completion of a unified railway network, promising economic growth and regional cooperation, ...
Canada Enhances Philippines’ Maritime Surveillance with Advanced Tracking Technology
The Philippines is enhancing military collaborations with allies, notably with Canada, to strengthen its maritime surveillance capabilities. Utilizing Canada’s advanced ...
Singapore Ranked the Most Competitive Economy Among 67 Nations
The 2024 IMD World Competitiveness Ranking (WCR) has ranked Singapore as the most competitive economy out of 67 globally. This marks a return to form for Singapore, which ...
Cathay and Singapore Airlines to collaborate on sustainability initiatives
Cathay and Singapore Airlines (SIA) have signed a Memorandum of Understanding (MoU) to collaborate on various sustainability initiatives, focusing on the development and use ...
New Benchmark for Specialty Retail in Singapore
Manhattan Associates Inc., in collaboration with Google Cloud and Zebra Technologies, has unveiled the first Unified Commerce Benchmark for Specialty Retail in Singapore. ...
Insect Protein Companies Eye Singapore Market with Anticipated Regulatory Approval
Insect protein companies are eagerly anticipating the upcoming regulatory framework from the Singapore Food Agency (SFA) that will allow the sale of insect-based food ...
Changi Water Reclamation Plant to Expand for Growing Industrial Demand
Singapore’s national water agency, PUB, has announced a tender for the third expansion of the Changi Water Reclamation Plant to meet growing industrial water demand in ...
LTA Awards SGD 242 Million Contract for CRL Phase 2 Tunneling Project
The Land Transport Authority (LTA) of Singapore has awarded an SGD 242 million (USD 180 million) civil contract to the joint venture of Nishimatsu Construction Co., Ltd. and ...
Synapxe Launches HEALIX Cloud-Based Analytics for Healthcare
Synapxe, Singapore’s national HealthTech agency, has launched HEALIX, a cloud-based analytics platform aimed at transforming the public healthcare sector. HEALIX is ...
EMA Launches Second Request for Proposal for New Generation Capacity to Meet Growing Electricity Demand
The Energy Market Authority (EMA) of Singapore has launched a second Request for Proposal (RFP) to address the country’s growing electricity demand. This RFP is part of ...
Singapore Secures USD 7.8 Billion Chip Plant from NXP and TSMC-backed Vanguard
TSMC-backed Vanguard International Semiconductor and Dutch chip giant NXP are set to build a USD 7.8 billion wafer manufacturing plant in Singapore. Vanguard will hold a 60% ...
Google Expands Data Center Investment in Singapore to USD 5 Billion
Google has increased its investment in Singapore, raising its total commitment to USD 5 billion with the completion of its fourth data center in the country. This development ...
France-Based Salomon Opens First Brand Store in Malaysia
Salomon, France-based global leader in outdoor trail gear, has launched its inaugural brand store in Malaysia, located at The Exchange TRX. The new store showcases Salomon’s ...
Chery Launches First ASEAN Assembly Plant in Malaysia
Chery Corporate Malaysia Sdn Bhd has inaugurated its first local assembly plant in Shah Alam, Selangor state of Malaysia, for its premium SUV sub-brand, Jaecoo. This ...
Nextgreen and SPOIC Announce Joint Venture for Green Technology Park in Sabah
Nextgreen Global Bhd, a Malaysian developer specializing in green economy initiatives, has signed a memorandum of understanding (MoU) with Sawit Palm Oil Industrial Cluster ...
Singapore’s Singtel and Malaysia’s TM Partner for Largest AI Data Centre Development
Singtel, Singapore’s telecommunications company, through its regional data center arm Nxera, and Malaysian telco provider, Telekom Malaysia (TM) are collaborating to develop ...
Asia’s First Advanced Implant Strategies Centre of Excellence Debuts in Penang
Dontia Alliance (DA), Asia-based dental solutions company has introduced its first Advanced Implant Strategies Centre of Excellence or CoE (AIS Centre) in Penang, Malaysia. ...
Solarvest to Develop 1 GW Green Energy Project in Malaysia and Taiwan
Solarvest, Malaysia’s largest publicly listed solar company by market value, is partnering with Taiwanese renewable energy firm GreenRock Energy to drive green energy ...
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