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

New Licensing Requirements for Cyber-Security Service Providers in Singapore

The Cyber Security Agency of Singapore (CSA) has announced that Cyber-Security service providers will have to be licensed by early 2022 to continue operations. As these ...

World’s First Commercially Cultured Meat Being Produced in Singapore

In July, a commercial factory that produces chicken products through cell culture, which is the growing of animal cells in a bioreactor instead of slaughtering live animals, ...

SM’s Alfamart Sees Network of 1,200 Stores by Year-end

Alfamart Philippines, the SM Group’s minimart chain, announced that the company is on track to expand its retail footprint to over 1,200 stores this year with the opening of ...

Aesir Technologies Announces Partnership With the Eramen Minerals, Inc

US-based AEsir Technologies has announced a partnership with Eramen Minerals located in Manilla, Philippines to construct a 1.5 GWh Nickel Zinc (NiZn) battery manufacturing ...

San Miguel Breaks Ground on Pasig River Expressway

It’s all systems go for the much-anticipated Pasig River Expressway (PAREX), touted to be the country’s first green, hybrid expressway, as proponent San Miguel Corporation ...

PLDT Enterprise, Smart and Nokia Team Up for Next Generation IoT

PLDT Inc., through PLDT Enterprise and its wireless arm Smart Communications. Inc., is in an advanced stage of discussion with long-time partner Nokia to provide ...

Doctor Anywhere and Equicom Group Form Joint Venture to Launch a Tech-Enabled Healthcare Ecosystem in the Philippines

On September 28, 2021, regional telehealth platform Doctor Anywhere and Philippine conglomerate Equicom Group, announced a joint venture (JV) to launch a telemedicine ...

Philippines Begins Hydrochlorofluorocarbons Phase out; In talks with Japan for Assistance

The Department of Environment and Natural Resources (DENR) announced that it will now begin the second stage of the Hydrochlorofluorocarbons Phase-out Management Plan (HPMP), ...

Philippines’ Energy Department Awards 928 Renewable Energy Projects

Following the suspension of granting new contracts for greenfield coal power projects in the country, the Department of Energy (DoE) has recently okayed 928 more renewable ...

Senate Approves Bill to Amend the Philippines’ Foreign Investment Law

In mid-September 2021, the Philippine Senate unanimously approved Senate Bill 1156, a new bill that will amend the country’s foreign investment law, the Foreign Investments ...

Philippine Government Inaugurates New Army Aviation Hangar

The Philippine government inaugurated the new PHP 63.1 million (USD 1.25 million) hangar facility at the Philippine Army's Aviation Regiment in Fort Ramon Magsaysay in ...

PHP 24 Million Shrimp Hatchery Launched in Mindoro

The Department of Agriculture (DA) led the inauguration of the Philippines’ first Department of Agriculture-Bureau of Fisheries and Aquatic Resources (DA-BFAR) Shrimp ...

Boxed and AEON Announce the Launch of myAEON2go Software and Services Technology in Malaysia

Boxed, an e-commerce grocery provider based in New York has inked a partnership with AEON Co, one of the largest hypermarket retailers in Asia to launch an end-to-end ...

Lam Research Opens Largest Manufacturing Facility in Penang

Lam Research Corporation, an American global supplier of innovative wafer fabrication equipment and services to the semiconductor industry, has launched its new facility in ...

Logistics, Transport Infrastructure to be Strengthened under 12MP

The Economic Planning Unit of Malaysia has released the 12th Malaysia Plan (2021-2025), which aims to boost national productivity, facilitate economic growth, and enhance ...

Tata Communications, TM to Collaborate on ASEAN IP Transit Services

Indian telco giant, Tata Communications has agreed to work with Telekom Malaysia (TM) to utilize its data center, connection, and network infrastructure to expand the IP ...

K-One Technology to Produce NASA-approved Ventilators

Owing to the growing need for ventilators throughout the world to manage the COVID-19, K-One MediTech Sdn Bhd (KOM), the wholly-owned subsidiary of K-One Technology Bhd ...

Malaysia to Become Low Carbon Nation, Transition to Circular Economy by 2025

The 12th Malaysia Plan (12MP) has unveiled that Malaysia will pursue a low-carbon, clean and resilient development strategy to achieve sustained socio-economic growth. The ...

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