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
Apple Sets to Open Flagship Store in Malaysia, Expands Southeast Asian Presence
Apple will open its first store in Malaysia as part of its regional expansion across Southeast Asia. This will be Apple’s sixth store in the area, following three in ...
Malaysia to Undertake New Cocoa Plantation & Cocoa Farm Recovery Projects
The Malaysian government has committed MYR 9.5 million (USD 2 million) to a new cocoa cultivation initiative that includes the establishment of a new 350-hectare plantation ...
US Investment Firm Cerberus and South Korea’s HD Hyundai Partner to Revitalize Shipbuilding in Subic Bay
President Ferdinand R. Marcos Jr. announced that US equity firm Cerberus and South Korea’s HD Hyundai Heavy Industries have partnered to revitalize the shipbuilding ...
Luzon Economic Corridor To Propel the Philippines as a Regional Economic Hub
The Philippines is strategically positioning itself as a regional hub for smart manufacturing and services, capitalizing on its advantageous geographic location and active ...
US and the Philippines to Collaborate on Nuclear Power Training
The Philippines and the United States have agreed to train Filipinos in building and operating nuclear power plants to enhance the country’s electricity supply. This ...
Shell Energy Secures Offtake Agreement for North Negros Biomass Plant
Shell Energy Philippines has entered into an offtake agreement with the Thomas Lloyd Group’s North Negros Biopower Inc. for its biomass plant in Negros Occidental. ...
Makati Life Medical Center Partners with United Imaging for Advanced Cancer Detection Technology
Makati Life Medical Center is set to bring advanced cancer detection and treatment technology to the Philippines through a partnership with United Imaging Healthcare, ...
Aboitiz InfraCapital Launches TARI Estate to Boost Industrial Development in Central Luzon
Aboitiz InfraCapital Economic Estates has commenced the development of TARI Estate, a significant new industrial hub in the province of Tarlac, Philippines. Leveraging ...
Swiss Insurtech Firm Partners with Globe to Enter the Philippine Market
Swiss-based insurance technology (insurtech) firm discovermarket has announced its entry into the Philippine market through a partnership with Globe, aiming to introduce ...
Philippines Launches “Re-Horizon 3” to Boost Defense Modernization
The Philippines has launched the “Re-Horizon 3” military modernization initiative to strengthen its defense capabilities. Despite financial constraints, the ...
Metro Retail Expands in Visayas with Four New Supermarkets
Metro Retail Stores Group, Inc. (MRSGI) is expanding its footprint in Southern Philippines with the construction of four new supermarket stores in Cebu and Leyte. This ...
Philippines Explores Fruit Crop Partnerships with Spain to Boost Agricultural Innovation
The Department of Foreign Affairs (DFA) announced that the Philippine government is considering partnerships in fruit crop development with Spain. A high-level delegation ...
Singapore to Launch Hospital Campus with 1,400 Beds by 2030
Singapore’s healthcare infrastructure is set to undergo a transformative expansion with the introduction of a pioneering hospital campus in the eastern region by 2030. ...
Changi Airport Plans Underground Link Between Terminals T2 and T5
Changi Airport announces plans to build a 2.5km underground link connecting the future Terminal 5 (T5) to Terminal 2 (T2), part of ongoing efforts to enhance inter-terminal ...
Singapore Invests USD 60 Million in National Robotics Programme to Drive Industry Adoption
Singapore is injecting USD 60 million into its National Robotics Programme (NRP) to propel robot adoption across manufacturing, logistics, and healthcare sectors. Led by the ...
Seatrium Collaborates with A*STAR to Explore AI Innovations for the Maritime Sector
Seatrium Limited and Singapore’s Agency for Science, Technology and Research (A*STAR) have announced a strategic collaboration to explore innovative opportunities in offshore ...
K-Beauty Icon Jungsaemmool Converts Heritage Space for Singapore Flagship
Renowned K-beauty brand Jungsaemmool debuts its global flagship store in a 4,972 sq ft colonial bungalow on Scotts Road. This heritage site is the chosen location for ...
NTU Singapore, ExxonMobil and A*STAR Unveil USD 44.5 million Lab for Carbon Reduction Solutions
ExxonMobil, Nanyang Technological University (NTU) Singapore, and ASTAR have launched the ExxonMobil-NTU-ASTAR Corporate Lab to develop solutions to reduce carbon emissions ...
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