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

Indonesian and French Energy Firms to Develop Solar and Battery Storage Project

Indonesian and French Energy Firms to Develop Solar and Battery Storage Project

RGE and TotalEnergies, through their jointly owned venture Singa Renewables (Singa), have signed a Co-Investment Agreement to develop, construct, and operate a utility-scale ...
Indonesia and Japan Expand Cooperation in Clean Energy and Infrastructure Development

Indonesia and Japan Expand Cooperation in Clean Energy and Infrastructure Development

Indonesia and Japan are strengthening their strategic collaboration in renewable energy and environmentally sustainable infrastructure through the Asia Zero Emission ...
Indonesia and Sweden Expand Healthcare Collaboration

Indonesia and Sweden Expand Healthcare Collaboration

The Indonesian Ministry of Health has signed several Memorandums of Understanding (MoUs) with the Swedish government and healthcare companies to strengthen bilateral ...
Indonesian and German Rail Operators Promote Green and Digital Developments

Indonesian and German Rail Operators Promote Green and Digital Developments

Indonesian rail operator Kereta Api Indonesia (KAI) signed a Memorandum of Understanding (MoU) with German national rail operator Deutsche Bahn (DB) to support the ...
South Korea’s Dongsung Chemical Begins Operations in Indonesia

South Korea’s Dongsung Chemical Begins Operations in Indonesia

South Korean investment interest in Indonesia remains strong, as demonstrated by the official opening of Dongsung Chemical’s new polyurethane (PU) production facility in ...
Fore Coffee Indonesia Unveils New Immersive Retail Concept

Fore Coffee Indonesia Unveils New Immersive Retail Concept

Fore Coffee has introduced a new concept store, Fore Experience, designed to showcase Indonesian specialty coffee and offer customers a more immersive and engaging ...
French Businesses Eye PH Expansion Ahead of EU-PH Free Trade Deal

French Businesses Eye PH Expansion Ahead of EU-PH Free Trade Deal

French firms are stepping up their interest in the Philippine market amid ongoing EU-Philippines free trade agreement (FTA) talks and the launch of direct Air France flights ...
World Bank Approves USD 800 Million Loan to Support Clean Energy and Climate Reforms in the Philippines

World Bank Approves USD 800 Million Loan to Support Clean Energy and Climate Reforms in the Philippines

The World Bank has approved a USD 800 million loan to support the Philippine government’s ongoing shift toward clean energy and greater climate resilience. The funding will ...
UP-PGH Launches Gene-Based Cancer Treatment Facilities

UP-PGH Launches Gene-Based Cancer Treatment Facilities

The University of the Philippines-Philippine General Hospital (UP-PGH) Cancer Institute has inaugurated two new facilities — the Center for Precision Medicine and the Next ...
HDF Energy, PH Government Partner on Green Hydrogen Projects

HDF Energy, PH Government Partner on Green Hydrogen Projects

Hydrogène de France (HDF Energy) has signed a Memorandum of Understanding (MoU) with the Philippine Department of Transportation (DOTr), with support from the Mindanao ...
Cebu Mitsumi Expands High-Tech Operations in Cebu

Cebu Mitsumi Expands High-Tech Operations in Cebu

Cebu Mitsumi, a subsidiary of Japan’s MinebeaMitsumi Group, has officially broken ground on a new PHP 7.3 billion (USD 128 million) advanced production facility in the MRI ...
Philippines Deepens Collaboration with Korean Firms to Advance Agricultural Mechanization

Philippines Deepens Collaboration with Korean Firms to Advance Agricultural Mechanization

The Philippine Department of Agriculture (DA) is strengthening its cooperation with South Korean agricultural machinery manufacturers to support the development of a ...
Fincantieri and TKMS Submit Joint Submarine Proposal for Philippine Navy

Fincantieri and TKMS Submit Joint Submarine Proposal for Philippine Navy

Italian shipbuilder Fincantieri and Germany’s ThyssenKrupp Marine Systems (TKMS) have signed an Industrial Cooperation Agreement to jointly offer U212-class submarines to the ...
Philippines Strengthens Space Cooperation with EU Through Earth Observation Initiatives

Philippines Strengthens Space Cooperation with EU Through Earth Observation Initiatives

The Philippine Space Agency (PhilSA) recently hosted a high-level delegation from the European Union (EU) and 17 EU Member States to highlight ongoing space cooperation under ...
Vertiv Establishes Regional Training Hub in the Philippines to Strengthen APAC Talent Pool

Vertiv Establishes Regional Training Hub in the Philippines to Strengthen APAC Talent Pool

Vertiv, a US-headquartered provider of digital infrastructure solutions, has launched a regional training facility in the Philippines aimed at boosting technical expertise ...
Funko Opens First Southeast Asian Retail Store in the Philippines

Funko Opens First Southeast Asian Retail Store in the Philippines

US-based pop culture collectibles company Funko, Inc. is set to open its first licensed retail store in Southeast Asia, selecting the Philippines as its launchpad in the ...
Vietnam Recognized as Global Agrifood Powerhouse by FAO

Vietnam Recognized as Global Agrifood Powerhouse by FAO

Vietnam has emerged as a leading force in global food production, achieving self-sufficiency and becoming a major exporter, according to Máximo Torero, Chief Economist of the ...
Vietnam to Increase US Defense and Security Imports Amid Looming Tariffs

Vietnam to Increase US Defense and Security Imports Amid Looming Tariffs

Facing a potential 46% U.S. tariff on its exports, Vietnam has announced plans to boost imports of American defense and security products in an effort to address its ...

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