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

Venturi Partners Invests USD 25 Million in Philippine Grocery Chain

Apr 2024 Philippines, Retail/FMCG

Venturi Partners, a Singapore-based growth equity firm, announced a USD 25 million investment in the expansion of global discount grocery chain DALI, marking its second ...

Japan Grants USD 770 Million Loan for the Dalton Pass East Alignment Road Project

Apr 2024 Philippines, Infrastructure

The Philippine government has secured a loan of PHP 37 billion (USD 770 million) to fund the construction of a road project announced by the Department of Public Works and ...

KKR Commits USD 400 Million in Philippine Telecom Towers

Apr 2024 Philippines, ICT

US-based investment firm KKR is injecting USD 400 million into telco tower development in the Philippines, as confirmed by the US Department of Commerce. Through independent ...

Lufthansa Invests USD 150 Million in Clark Airport Hangar Expansion

Apr 2024 Philippines, Defense/Aerospace

Lufthansa Technik Philippines (LTP) has revealed plans for a USD 150 million investment to construct a second hangar at the Clark International Airport (CIA). This initiative ...

PLDT Enterprise and Charoen Pokphand Foods Join Forces to Bring Connectivity to Rural Farming

Apr 2024 Philippines, Agrifood

PLDT Enterprise, the corporate arm of telecommunications and digital services provider PLDT Inc., has announced a strategic partnership with Charoen Pokphand Foods ...

US Trade Mission to the Philippines Anticipates Investment Deals Worth USD 1 Billion

Apr 2024 Philippines, Economy

The United States Presidential Trade and Investment Mission (PTIM) to the Philippines, spearheaded by US Secretary of Commerce Gina Raimondo, has heralded a significant ...

Singapore-based Heal Venture Lab Partners with RiteMED

Apr 2024 Philippines, Healthcare

RiteMED and Heal Venture Lab are collaborating to strengthen Universal Health Care (UHC) in the Philippines through the use of modern technology. Their focus is on enhancing ...

Airbus Commits to Sustainable Aviation Fuel Collaboration with the Philippines

Apr 2024 Philippines, Environment

Airbus has committed to collaborating with the Department of Transportation (DOTr) on sustainable aviation fuel initiatives in the Philippines. President Ferdinand R. Marcos ...

US Firm Expands Solar Panel Production in the Philippines

Apr 2024 Philippines, Manufacturing

Silicon Valley-based Sol-Go Inc has made a strategic decision to build its new solar panel factory in the Philippines, choosing the country over manufacturing hubs like China ...

US Startup Ally Power Partners with MPower for a USD 400 Million Hydrogen and Electric Refueling Station

Apr 2024 Philippines, Energy

Ally Power, a US-based startup, and MPower Inc., the Philippines’ largest electric retail supplier, are collaborating on a more than USD 400 million agreement to build a ...

Singapore Bio-Tech Firm Collaborates with Indonesian State-Owned Entities

Mar 2024 Indonesia, Singapore, Agrifood

Bio Ark Global, a biotechnology firm headquartered in Singapore, recently formalized a Memorandum of Understanding (MoU) to expand into Southeast Asia (SEA). Bio Ark Global ...

Strong Investments in Singapore’s Aerospace Sector

Mar 2024 Singapore, Defense/Aerospace, Manufacturing

Singapore’s aerospace sector has attracted substantial investment commitments totaling over S$750 million (USD 555 million) from more than ten projects, signaling ...

Singapore’s Strategic Investment in AI

Mar 2024 Singapore, ICT

Singapore’s substantial investment of over SGD 1 billion into AI over the next five years, as announced in its 2024 National Budget, underscores the nation’s ...

JICA and Japanese Firms Collaborate with Mandaue City for Food Waste Conversion Feasibility Study

Mar 2024 Philippines, Environment

The Japan International Cooperation Agency (JICA), along with Japanese firms Guun Co., Ltd., and Takematsu Shoji Co., Ltd., are collaborating with the Mandaue City ...

Southeast Asia’s First Tidal Power Generation Plant in the Philippines

Mar 2024 Philippines, Energy

Energies PH, Inc, in collaboration with its affiliate, San Bernardino Ocean Power Corporation, is spearheading the development of Southeast Asia’s inaugural tidal power ...

Malaysia Launches TRX As International Finance Centre, Announces Incentives for Relocating Companies

Mar 2024 Malaysia, Economy

Malaysian Prime Minister Datuk Seri Anwar Ibrahim officially inaugurated the Tun Razak Exchange (TRX) as Malaysia’s International Financial Centre (IFC) by introducing ...

Israeli Company to Produce Cultivated Meat in Thailand

Mar 2024 Thailand, Agrifood

Israeli startup Aleph Farms has recently announced that it is collaborating with biomanufacturing specialists BBGI and Fermbox Bio to produce cultivated meat in Thailand. ...

Thailand Approves Incentives for Electric Trucks and Buses Adoption

Mar 2024 Thailand, Economy, Environment

Thailand’s National Electric Vehicle Policy Committee (EV Board) just approved incentives to encourage companies to transition their commercial fleets of large trucks and ...

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