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

The Philippines Debuts Fourth-Generation Light Rail Vehicles Backed by Japanese Technology

The Philippines has unveiled new fourth-generation light rail vehicles (LRVs) made using Japanese technology as part of the government’s train modernization program. The ...

New Multi-specialty Hospital to be Built in Clark, Pampanga

The Philippines is building a new medical specialty center, the Clark Multi-Specialty Hospital, that will serve Central and Northern Luzon. The hospital will be constructed ...

Manila Water to Start Construction of a USD 139 Million Water Treatment Plant

Water concessionaire Manila Water is set to build a new 200 million liters per day (MLD) water treatment plant (WTP) which will provide an additional supply of potable water ...

Brazil’s Postal Service Correios Signs Agreement with Shopee to Sell Products in Asia

Brazil’s postal service Correios announced in late July 2023 that it had signed an agreement with shopping app Shopee to boost exports of Brazilian products to ...

Silicon Box Launches World’s Most Advanced Semiconductor Interconnection Facility in Singapore

In July 2023, Singapore-based semiconductor start-up Silicon Box unveiled its USD 2 billion factory in Tampines, designed to manufacture semiconductor chiplet ...

New Innovative Solutions to be Trialed at the Jurong Lake District

The eight projects that won the first Jurong Lake District (JLD) Innovation Challenge were unveiled at the Urban Redevelopment Authority (URA) Centre in mid-July. Organized ...

Thomson Medical buys Vietnam’s Largest Private Hospital for USD 380 million

Singapore-listed Thomson Medical Group (TMG) has announced that it had purchased FV Hospital, Vietnam’s largest private healthcare group, for USD 380 million. The purchase is ...

Singapore to Adopt Electric Harbor Craft

In mid-July, the Maritime and Port Authority of Singapore (MPA) issued an Expression of Interest (EOI) for companies to submit proposals to design and promote the adoption of ...

New Hydrogen-Ready Plant to be Built by 2026 in Singapore

The Energy Market Authority (EMA) has announced plans to increase its generation capacity over the next five years to meet Singapore’s growing demand for electricity, but ...

Singapore Start-Ups to Explore New Frontiers in Space Tech

Despite the country’s size, Singapore has seen steady growth in its space industry, with the country sending up over 20 satellites to space since 2011, 3 of which were ...

New Program Ensuring Safety of Lab-Grown Meat from Contamination to be Launched in Singapore

During the Create Symposium in August, the Singapore National Research Foundation (NRF) announced the launch of the Bioengineering Tools for Next-Generation Cellular ...

Velum Labs Signs Deal with NACSA to Strengthen Malaysia’s National Cyber Defense

Malaysia is making substantial advancements in bolstering its cybersecurity defenses through a partnership between Velum Labs Sdn Bhd, a subsidiary of the Sapura Group ...

Malaysia Introduces ‘MADANI Economy’ Framework

Malaysia’s Prime Minister, Anwar Ibrahim, introduced the ‘MADANI Economy: Empowering the People’ as a transformative economic framework aimed at uplifting the nation’s ...

Malaysia’s Energy Transition Roadmap Targets Sustainable Growth

Malaysia has launched Phase 1 of the National Energy Transition Roadmap (NETR), highlighting 10 primary catalyst projects. These initiatives present potential energy ...

Petronas’ Gentari and Singapore’s Sembcorp Collaborate on Low Carbon Energy Solutions

Gentari, Petronas’s renewable energy division, has teamed up with Singapore’s Sembcorp Industries to foster collaborations in the clean energy realm, with a ...

Ramsay Sime Darby Health Care Partners with Annalise.Ai and AWS to Implement AI Solution

Ramsay Sime Darby Health Care (RSDH), one of Malaysia’s largest private healthcare providers has collaborated with the Australian radiology AI firm Annalise.ai, backed by ...

Malaysia Collaborates with South Korean Data Analytics Firm on Smart Agricultural Program

Malaysia is intensifying its collaboration with South Korea to enhance the exchange of smart agricultural technologies for livestock. On July 5, a memorandum of understanding ...

Chery to Invest USD 36.57 Million in Malaysia’s Electric Vehicles Industry

Malaysia is set to see a boost in its electric vehicle (EV) market, with China’s major automobile manufacturer Chery committing to an MYR 170 million (USD 36.57 million) ...

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