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

7-Eleven Philippines to Invest USD 85 Million in Expansion

Mar 2025 Philippines, Retail/FMCG

Philippine Seven Corp, the exclusive operator of 7-Eleven in the Philippines, plans to invest PHP 5 billion (USD 85.32 million) to open over 400 new stores in 2025, according ...

Philippines to Acquire Submarines for Maritime Defense

Mar 2025 Philippines, Defense/Aerospace

The Philippine Navy is set to acquire two submarines under the final phase of its military modernization program (Horizon Three) to strengthen maritime defense. AFP Chief of ...

South Korean Firm Begins Construction of New Cebu International Container Port

Mar 2025 Philippines, Infrastructure

Construction of the long-delayed New Cebu International Container Port (NCICP) in Tayud, Cebu City, has officially commenced. Led by Transportation Secretary Jaime Bautista ...

DXC Enables Allianz PNB Life to Issue Insurance Policies in Five Minutes

Mar 2025 Philippines, ICT

DXC Technology, a global IT services provider, has partnered with Allianz PNB Life, a major life insurer in the Philippines, to streamline operations and improve efficiency. ...

France Supports Feasibility Study for Philippine Dairy Project

Mar 2025 Philippines, Agrifood

The National Dairy Authority (NDA) has partnered with French consultancy Phylum SARL to assess the feasibility of the Philippine Dairy Project, which aims to establish a ...

Enterprise Singapore Expands Deep Tech Investment with 20 New Partners

Mar 2025 Singapore, ICT

SEEDS Capital, the investment arm of Enterprise Singapore (EnterpriseSG), has announced the appointment of 20 new local and global partners to co-invest in Singapore-based ...

Croda Singapore to Build Advanced Wastewater Treatment Plant Using NTU Spin-off’s Technology

Mar 2025 Singapore, Environment

Croda Singapore, the Asia-Pacific headquarters of Croda International, is set to adopt an advanced wastewater treatment system at its Seraya manufacturing site on Jurong ...

Shopee Expands Regional E-Commerce Access for Singapore Sellers

Mar 2025 Singapore, Retail/FMCG

Shopee has launched its Shopee International Platform (SIP) in Singapore, enabling local businesses to expand into Malaysia and Thailand without additional costs. The ...

Singapore Launches USD 28 Million MedTech Initiative to Boost Medical Device Commercialization

Mar 2025 Singapore, Healthcare

Singapore has introduced MedTech Catapult, a USD 28 million (SGD 38 million) initiative by the Agency for Science, Technology and Research (A*Star) to accelerate medical ...

Malaysia-Singapore Biofuels Hub to Boost USD 337 Million in Green Investments

Mar 2025 Singapore, Environment

A biofuels hub specializing in Bio-Liquefied Natural Gas (bio-LNG) is set to be developed in the Johor-Singapore Special Economic Zone (JS-SEZ). The hub's planned processing ...

Trinasolar and NTU Partner to Develop AI-Driven Energy Storage Solutions

Mar 2025 Singapore, Energy

China-based solar technology company Trinasolar has partnered with Singapore’s Nanyang Technological University (NTU) to develop artificial intelligence (AI)-driven tools ...

Businesses Explore Growth Prospects in Johor-Singapore Special Economic Zone

Mar 2025 Singapore, Economy

More than 180 Singaporean companies participated in a business mission to Johor Bahru, Malaysia, to explore investment and partnership opportunities within the ...

Singapore’s Agrifood Futures Partners with Agnition for New Zealand AgTech Accelerator

Mar 2025 Singapore, Agrifood

Singapore-based Agrifood Futures has partnered with Agnition, the venture arm of New Zealand’s Ravensdown, to launch Land x Launch™, an accelerator program aimed at helping ...

Singapore Navy Deploys Locally Developed Unmanned Vessels for Patrol Missions

Mar 2025 Singapore, Defense/Aerospace

The Republic of Singapore Navy (RSN) has deployed domestically developed unmanned surface vessels (USVs) for patrol missions in the Singapore Strait. These vessels, designed ...

Singapore Boosts Defense Spending to USD 19.7 Billion by 2029

Feb 2025 Singapore, Defense/Aerospace

Singapore’s defense spending is projected to reach USD 19.7 billion by 2029, reflecting the country’s continued investment in advanced military technologies to maintain its ...

Billionaire Wealth in Singapore Surges to USD 155 Billion

Feb 2025 Singapore, Economy

Singapore has become an increasingly attractive destination for billionaires, with the number of high-net-worth individuals calling the city-state home rising to 47 in 2024. ...

PacificLight Power to Develop USD 1 Billion Hydrogen-ready Power Plant by 2029

Feb 2025 Singapore, Energy

PacificLight Power is set to develop a USD 1 billion hydrogen-compatible natural gas power plant on Jurong Island in Singapore, slated to begin operations by 2029. With a ...

BMW and Singaporean Company Team Up for Closed-Loop Battery Recycling

Feb 2025 Singapore, Environment

BMW Group has entered into a battery recycling partnership with Singapore-based SK tes to recover critical raw materials such as cobalt, nickel, and lithium from used ...

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