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
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 ...
Malaysia Maintains Its Status as a Top 5 World LNG Exporter
The International Gas Union’s latest annual LNG report indicates that Malaysia retained its position as the fifth largest exporter of liquefied natural gas (LNG) in 2023, ...
Malaysia Sees USD 18.2 Billion Investment in Q1 of 2024, Creating 29,000 New Jobs
In the first quarter of 2024, Malaysia exhibited robust economic performance with approved investments totaling MYR 83.7 billion (USD 18.2 billion) across various sectors, ...
Qatar Airways Cargo Partners with MASkargo for Strategic Air Freight Collaboration
Qatar Airways Cargo and MASkargo, the cargo subsidiary of Malaysia Aviation Group, have signed a Memorandum of Understanding (MoU) to strengthen their collaborative cargo ...
Korea Ginseng Corp. Expands into Malaysia’s Functional Food Market
Korea Ginseng Corp. (KGC), a subsidiary of South Korean tobacco giant KT&G Corp., focusing on health functional food products, has announced the launch of its red ginseng ...
Swiss Luxury Watch Brand Franck Muller Opens Its First Boutique in Vietnam
Franck Muller, the Swiss luxury watch brand, just launched its first standalone store in Vietnam. Situated on Le Loi Street near the iconic Saigon Opera House, the boutique ...
Nokia and Foxconn Collaborate to Produce 5G AirScale Equipment in Vietnam
Nokia is partnering with Foxconn to manufacture its 5G AirScale equipment at Foxconn’s factory in Bac Giang province. Under this collaboration, Foxconn will produce ...
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