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

Philippines Hoping to Achieve ‘A’ Credit Rating Within Two Years

According to Bangko Sentral ng Pilipinas Governor, the Philippines is on its way to achieve an “A’’ credit rating grade by international debt rating agencies. Since 2013, the ...

Philippine Economic Zone Authority Plans to Build Defense Industrial Zones

The Philippine Economic Zone Authority (PEZA) is planning to transform several economic zones in the country into defense industrial complexes where military equipment and ...

Maynilad Water Services Earmarks PHP 1.1 Billion for Estero Rehab

Maynilad Water Services, Inc. (Maynilad) is investing around PHP 1.1 billion (USD 27.1 million) over a period of three years to rehabilitate five esteros (estuaries) in ...

Leading Online Food Delivery Platform in the Philippines Launches “Cloud Kitchen” Concept

GrabFood, the leading online delivery platform in the Philippines, has introduced its first ever GrabKitchen in the country, a central kitchen wherein food establishments are ...

GE Renewable Energy Rehabilitating One of the Largest Hydropower Plants in the Philippines

GE Renewable Energy, a global leader in advanced technology and services focusing on wind, hydro, solar, hybrid power generation and grid solutions, announced that it has ...

US-Based Lam Research to Open New Production Facility in Penang State

Lam Research Corporation, a California-headquartered global supplier of innovative wafer fabrication equipment and services to the semiconductor industry has selected Batu ...

Two Singaporean Firm Sign PPAs to Supply Solar Power to Corporates in Malaysia

In January 2020, two Singaporean solar companies namely Cleantech Solar and Blueleaf Energy signed long-term power purchase agreements (PPA) with Ambu Sdn Bhd and Robert Bosch

Telcos Collaborating for 5G Use Case Demonstration Projects Across Malaysia

In line with Malaysia’s current goal to implement 5G Infrastructure nationwide by 2023, various local telecommunication (telco) providers are undertaking 5G demonstration ...

Nextgreen Extends MoU with Japanese Firms to Explore Green Technology

Nextgreen Global Bhd, one of the leading printing companies in Malaysia has decided to extend a Memorandum of Understanding (MoU) initially signed in November 2018 with ...

Malaysia’s Yong Tai to Build An International Cruise Terminal in Melaka State

Yong Tai Bhd, one of Malaysia’s largest tourism-related property developers has received approval from the Melaka state government to develop an international cruise terminal ...

Malaysia’s VentureTECH Increases Investment in Tissue Engineering Medical Products Company

VentureTECH, a Malaysia-based investment company that is a subsidiary of the Malaysian Industry-Government Group for High Technology (MIGHT) has announced plans to expand its ...

Malaysia’s Largest Home Retailer Mr DIY to Open 100 More Stores Nationwide

Malaysia’s largest home improvement products retailer, Mr DIY Group Berhad is targeting to open at least 100 additional stores in Malaysia in 2020. Currently, the company has ...

Malaysia’s Halal Agency Partners with Acrosx Japan Inc to Boost Exports

In February 2020, Malaysia’s halal promotion agency, Halal Development Corporation (HDC) signed a memorandum of understanding (MoU) with Acrosx Japan Inc to boost the exports ...

Malaysian Air Force Considering Options for Aircraft, Drones and Missiles

The Royal Malaysian Air Force (RMAF) is planning to procure a number of major assets including four maritime patrol aircraft (MPA), six medium-altitude long-endurance (MALE) ...

Plastic Waste Treatment Sites to be Built in West Java

The West Java administration is going to build struct waste treatment sites that turn plastic into diesel fuels and raw plastic materials. The project is supported by Plastic ...

Partnership to Open Hydroponic Vegetable Farm in Indonesia

Japanese’s contractor, Obayashi, and Singaporean investment firm, Gallant Venture, have teamed up to open a hydroponic vegetable factory in northern Indonesia. The factory ...

Indonesian Government Plans to Cut Corporate Tax Rate

The Indonesian government is to create an omnibus law that would help to improve Indonesia’s attractiveness to investors. The President has asked lawmakers to complete ...

Indonesian B2B FMCG Marketplace Obtains Seed Funding

Gudangada, an online B2B FMCG (Fast Moving Consumer Goods) marketplace, has obtained seed funding in the double digit millions in a seed from Alpha JWC Ventures and Wavemaker ...

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