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’ Frozen Pork Inventory Drops Post-Holiday Season

The Philippines frozen pork inventory in accredited cold storages declined from 75,024.9 MT recorded on November 29, 2021 to 62,695.25 MT as of January 10, 2022. Frozen pork ...

Skechers USA Expands, Sets Up Subsidiary Office in the Philippines

American footwear and apparel brand, Skechers, ended its distributorship agreement with its local partner in a bid to establish its own presence and directly operate its ...

Malaysian Retailers into Multi-Channel Partnerships

Malaysian retailers continue to strike multi-channel partnership deals with various parties to take advantage of the opportunities brought by pandemic-posed challenges for ...

Intel to Invest over USD 7 billion to Expand Manufacturing Capabilities in Malaysia

Intel Corp has announced a major investment of over USD 7 billion to build a new chip packaging and testing factory in Bayan Lepas, Penang, in the midst of a worldwide ...

AEON Extends Small and Medium Sized Supermarkets in Vietnam

To diversify the retail business ecosystem in Vietnam, AEON Vietnam - the subsidiary in charge of the general retail business of AEON Group (Japan), continues to expand ...

DNB Successfully Integrates Five MNOs into its 5G Network

Digital Nasional Berhad (DNB), Malaysia’s sole 5G wholesale service operator has successfully integrated five mobile network operators (MNOs) into its 5G network as of ...

UK, US Keen to Enhance Digital Economic Cooperation with Malaysia

The UK has expressed its interest to enhance economic cooperation with Malaysia especially in the field of digital economy in various matters, including education and ...

Cargill Invests USD 100 million to Boost Specialty Fats Supply in Malaysia

Global manufacturer of agricultural products, Cargill will spend MYR 145 million (USD 34.7 million) to expand its production facility in Port Klang, Malaysia, to fulfill ...

Turkish Aerospace Establishes Its First Engineering and Design Office in Southeast Asia

Turkish aerospace giant, Turkish Aerospace Industries (TAI), has launched its first engineering and design office in the Southeast Asia region. Located in The Cyberview ...

Malaysia, US to Sign Supply Chain Cooperation Agreement

Malaysia and the United States will discuss a memorandum of cooperation (MoC) in early 2022 to enhance transparency, resilience, and security in the semiconductor and ...

Malaysia and Canada to Build New Floating Liquefied Natural Gas Projects

New floating liquefied natural gas (FLNG) projects will be developed by Malaysia and Canada to deliver super-chilled fuel to Asian markets, mainly China. According to Fitch ...

Petronas, ExxonMobil Ink MoU on Carbon Capture and Storage Technologies

Malaysian national oil company Petronas has signed an agreement with ExxonMobil to jointly explore carbon capture and storage (CCS) technologies to decarbonize Malaysia’s ...

Malaysia Signs MoU to Bring Healthcare Workers to Work and Train in the UK

Malaysia and the UK signed a memorandum of understanding (MoU) to allow Malaysian doctors and healthcare workers to work and accelerate their expertise in the UK. The ...

Ayala’s Energy Arm Invests USD 274 million More in Wind and Solar Projects in the Philippines

AC Energy Corporation, the energy firm of the Ayala Group, inked subscription agreements totaling PHP 14 billion (USD 274 million) in late December 2021 for its two ...

Water Quality Improvement in Manila Bay in 2021, Rehab to Continue in 2022

The Philippines Department of Environment and Natural Resources (DENR) has reported significant gains in the water quality of Manila Bay in 2021 as it vows to carry on its ...

Lego Invests in a Billion Dollar Factory in Vietnam

In December 2021, the LEGO Group signed a Memorandum of Understanding with Vietnam Singapore Industrial Park Joint Venture Company Limited (VSIP) to build a new factory in ...

EVN Commences Electricity Transmission Line Project between Laos and Vietnam

The state-owned company Vietnam Electricity (EVN) and Power Project Management Board 1 have started the construction of a 220 kV transmission line between Nam Mo (Laos) and ...

Vietnam Promotes Digital Transformation at the Provincial Level

The northern province of Bac Giang aims to deploy a series of solutions to accelerate the implementation of digital transformation and develop the provincial digital economy. ...

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