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
US Agricultural Exports to the Philippines Projected to Pass Record Rate
The report from the US Department of Agriculture’s Foreign Agricultural Services (FAS) on the Philippines highlights promising growth as a market for US agricultural exports. ...
Philippines Greenlights USD 35 Billion Military Modernization Plan
The Philippine government has given the green light to a revised military modernization plan, dubbed “Re-Horizon 3,” allocating a staggering two trillion ...
IKEA Expands Reach Across the Philippines, Prioritizing Accessibility and Sustainability
Swedish home furnishing giant IKEA has announced its expansion into major cities across the Philippines, further solidifying its footprint in the country’s burgeoning ...
Philippines and Brazil Enhance Collaboration Across Various Sectors
President Marcos expressed his commitment to strengthen the Philippines’ ties with Brazil in various sectors such as agriculture, trade, defense, and climate change. ...
DOH Plans 28 Ambulatory Care Facilities for Enhanced Healthcare Access in the Philippines
The Department of Health (DOH) aims to enhance healthcare accessibility for impoverished Filipinos by constructing 28 National Ambulatory and Urgent Care Facilities across ...
DENR and UNDP Underscore the Potential of Circular Economy to Expedite Climate Targets
The transformative impact of circular economy in meeting climate targets was highlighted during a forum organized by the Philippine Government and the United Nations ...
Offshore Wind Energy is a Now Priority in the Philippines’ RE Portfolio
The Philippines Department of Energy (DOE) has recognized offshore wind energy as one of its key focus within the nation’s renewable energy (RE) sector.
In a statement ...
KDDI to Support the Philippines’ First Subway System
KDDI Philippines, a subsidiary of Japan’s KDDI, confirmed that it will deploy telecoms infrastructure for the country’s first subway transport network. The telco ...
Philippine Government Allots 20.9% of ICT Budget for Cybersecurity Projects
The Department of Budget and Management (DBM) in the Philippines is prioritizing cybersecurity as part of its digitalization efforts, allocating 20.92% of its PHP 2.5 billion ...
US Company to Support Private Network Rollout in Indonesia
Aviat Networks, a global provider of microwave transport and backhaul solutions headquartered in Texas, recently announced a strategic collaboration agreement with ...
Freeport Indonesia Inaugurated New Copper Smelter
Indonesia recently inaugurated Freeport’s expanded copper smelter in Gresik, East Java, coinciding with the government’s forthcoming permanent ban on copper ...
Malaysian Golf Specialist Enters Indonesia
Indonesian company Erajaya Active Lifestyle (ERAL) has forged a partnership with Malaysian golf specialist MST Golf to introduce golf retail to Indonesia, targeting the ...
South Korea to Develop Batam Airport as Indonesia’s Air Hub
The Incheon International Airport Corp. (IIAC), a state-run entity from South Korea, is ramping up efforts to bolster Hang Nadim International Airport in Batam, Indonesia, ...
US Company Works with Indonesia for Elimination of Cervical Cancer
It has been revealed that American company Crowell & Moring International (CMI) is working with the Indonesian Ministry of Health to develop a plan to eliminate cervical ...
Indonesian Government Advances Green Agenda with 50 MW Solar Power Plant for New Capital
The Indonesian government is advancing its goal of creating an environmentally friendly National Capital City (IKN) by prioritizing sustainable practices, including the ...
Indonesian Company Adds Energy-efficient Gas Tanker Ships from South Korea
Pertamina International Shipping (PIS), a sub-holding of Indonesian state-owned oil and natural gas corporation Pertamina engaged as an integrated marine logistics, has ...
Japan and Indonesia Enhance Trade and Collaboration
As revealed by Indonesia’s Foreign Minister, Japan and Indonesia have agreed to eliminate trade barriers and boost cooperation across multiple sectors. The agreement ...
Indonesia Finalizes Purchase of 42 French Rafale Fighter Aircraft
The Defense Ministry of Indonesia has confirmed signing a contract to procure an additional 18 Rafale fighter jets from France, marking the completion of the 2022’s order for ...
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