Business News

Business news to help you keep track of the latest developments and identify new opportunities across key sectors in South East Asia

Monthly Business News to Help You Understand the Market

EU-ASEAN Business Delegation Meet with Thailand’s Prime Minister

On 17 February 2020, the EU-ASEAN Business Council (EU-ABC) organized a trade & investment mission, comprising of representatives from over 30 European companies and ...

Charoen Pokphand Group to Acquire Tesco’s Thai and Malaysian Operations

On March 9, 2020, CP Group, Thailand's biggest agribusiness conglomerate, reached an agreement with British grocery chain Tesco to purchase its businesses in Thailand and ...

Bangkok to Build Railway Linking China and Singapore

The Government of Thailand has committed to spending more than USD 21 billion to expand Bangkok's rail network linking Thailand to other countries such as China and Singapore.

Singapore Launches New Central Body for Coordinating Community Sustainability Initiatives

The Ministry of the Environment and Water Resources (MEWR) in Singapore has set up a new SG Eco Office, which will serve as the central body driving and coordinating ...

Singapore Government Announces SGD 55 Billion Package to Counter COVID-19 Impact

On 26 March, the Singapore government announced an additional stimulus package of SGD 48 billion (USD 33.6 billion), on top of SGD 6.4 billion (USD 4.5 billion) announced in ...

Singapore Based Banking-As-A-Service Provider Invests in E-Commerce Enabler

Singapore-based fintech company, MatchMove announced that it is making a strategic investment an agreement with local e-commerce enabler Shopmatic. This investment will enable

Singapore Association of Aerospace Industries Partners with Startup Accelerator Starburst

The Association of Aerospace Industries Singapore (AAIS) signed a Memorandum of Understanding (MOU) with global aerospace startup accelerator, Starburst, to develop the ...

Paper Launched on Sustainable Financing for Healthcare in ASEAN

The EU-ASEAN Business Council, KPMG in Singapore and SANOFI have joined hands to launch a paper on sustainable financing for healthcare in ASEAN on 9 March 2020. The report ...

Infrastructure Asia and Denmark’s Danida Sustainable Infrastructure Finance Sign MOU

Singapore’s Infrastructure Asia and Denmark’s Danida Sustainable Infrastructure Finance signed a Memorandum of Understanding (MOU) on 26 February 2020 to boost the financing ...

Hong Kong-based AMTD Digital Acquires Controlling Stake in Singapore Insurtech Firm

AMTD Digital, the one-stop digital finance platform arm of AMTD Group, a Hong Kong-headquartered financial institution, announced on 17 March that it will acquire a ...

ExxonMobil Deploying New Technology at Singapore Refining and Petrochemical Complex

ExxonMobil is embarking on a multi-billion-dollar expansion of its Jurong Island refining and petrochemical complex in Singapore to increase its production capacity for ...

Boustead Partners with Sunseap for Rooftop Solar Installations

Leading Singaporean solar firm, Sunseap Group, announced a partnership on 20 February 2020 with Boustead Projects for the potential installation of rooftop industrial solar ...

The Philippines Mulls Bringing Nuclear Power in the Country’s Energy Mix

According to media reports, the Philippine’s Energy Secretary is seeking approval of a proposed executive order (EO) that will include nuclear power in the country’s Energy ...

Republic Cement, Nestle Philippines Expand Green Cooperation

Republic Cement and Nestlé Philippines announced that they have expanded their partnership which started in 2019 on reducing plastic waste. In 2019, Nestle Philippines which ...

Pioneering Mercury-free Gold Processing Facility in Northern Mindanao Launched

The Secretary of the Philippine Department of Science and Technology (DOST-Philippines) Fortunato de la Pena recently led the inauguration of a common service facility (CSF) ...

Philippines Aims to Complete Half of Duterte’s 100 Flagship Infra Projects by June 2022

The Investment Coordination Committee-Cabinet Committee (ICC-CabCom) of the Philippines is aiming to finish half of the 100 “Build, Build, Build” projects within Duterte's ...

Omron Healthcare Expands Distribution Network in the Philippines

Omron Asia Pacific Pte Ltd., a Japan-based global automation company, through its representative office in Manila established in 2013, has signed a distribution deal with ...

Japanese Firm Bags USD 103 Million Philippine Air Force Defense Radar Project

Mitsubishi Electric Corp of Japan won a project to supply air surveillance radar systems to the Philippine Air Force (PAF) under a government to government (G2G) deal. This ...

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