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
Singapore’s Strategic Investment in AI
Singapore’s substantial investment of over SGD 1 billion into AI over the next five years, as announced in its 2024 National Budget, underscores the nation’s ...
JICA and Japanese Firms Collaborate with Mandaue City for Food Waste Conversion Feasibility Study
The Japan International Cooperation Agency (JICA), along with Japanese firms Guun Co., Ltd., and Takematsu Shoji Co., Ltd., are collaborating with the Mandaue City ...
Southeast Asia’s First Tidal Power Generation Plant in the Philippines
Energies PH, Inc, in collaboration with its affiliate, San Bernardino Ocean Power Corporation, is spearheading the development of Southeast Asia’s inaugural tidal power ...
Malaysia Launches TRX As International Finance Centre, Announces Incentives for Relocating Companies
Malaysian Prime Minister Datuk Seri Anwar Ibrahim officially inaugurated the Tun Razak Exchange (TRX) as Malaysia’s International Financial Centre (IFC) by introducing ...
Israeli Company to Produce Cultivated Meat in Thailand
Israeli startup Aleph Farms has recently announced that it is collaborating with biomanufacturing specialists BBGI and Fermbox Bio to produce cultivated meat in Thailand. ...
Thailand Approves Incentives for Electric Trucks and Buses Adoption
Thailand’s National Electric Vehicle Policy Committee (EV Board) just approved incentives to encourage companies to transition their commercial fleets of large trucks and ...
Telco Giant Partners with UK to Strengthen Philippines Cybersecurity
Globe Telecom, a leading telecommunications company in the Philippines, has forged a partnership with the UK to enhance the country’s digital infrastructure defenses. ...
Thai and Singaporean Specialists Advance Floating Solar in Thailand
Thailand’s UMC Metals and New Energy Capital Asia from Singapore have inked a power purchase agreement (PPA) for a 1.6 MWp solar venture in Thailand, comprising both floating ...
Finnish Company Receives Singapore’s Regulatory Approval for Blood Analysis Technology
Nightingale Health, a Finnish company specializing in health risk detection and preventative health, has received regulatory approval from Singapore’s Health Sciences ...
SEDC Energy, Gallois New Energy to Build USD 1.3 Billion Graphite Plant in Bintulu
SEDC Energy Sdn Bhd, a subsidiary of Sarawak Economic Development Corporation (SEDC), a state government agency, has entered into an MoU with Gallois New Energy Materials (M) ...
Thales and Thaicom Collaborate for Unmanned Traffic Management
French multinational company Thales and Thaicom, a leading Thai satellite operator and provider of integrated satellite communications, are collaborating to establish an ...
Singapore’s Tourism Sector Recovers in 2023
In 2023, Singapore’s tourism sector showcased remarkable resilience and recovery, with international visitor arrivals reaching approximately 13.6 million, equivalent to ...
Aerodyne and DroneDash Revolutionize Cross-Border Logistics Between Malaysia and Singapore
Aerodyne Group, a Malaysian drone service provider, and DroneDash Technologies, Singapore’s pre-eminent air mobility infrastructure company, have announced a ...
ECCP and ARTA Forge Partnership for Business Ease in the Philippines
The European Chamber of Commerce of the Philippines (ECCP) and the Anti-Red Tape Authority (ARTA) have formed a partnership aimed at improving the business environment in the ...
Expansion of Marine Tilapia Farming in Singapore
Two additional fish farms, Millenia Farm and Grand Pacific Fishery, have joined pioneer Heng Heng Fish Farm in producing marine tilapia, a resilient and fast-growing food ...
Siam Piwat and Hyundai Department Store Forge a Global Retail Collaboration in Thailand
Siam Piwat Group, a prominent real estate and retail developer in Thailand, has partnered with Hyundai Department Store, the largest department store chain developer in South ...
Malaysia-EU Collaboration on Energy Transition and Water Security
The Malaysian government has pledged to work closely with the European Union (EU) to promote technology transfer for energy transition and bolster water security. This ...
SPMC Unveils First Hybrid Angio-CT Cathlab in Southeast Asia
The Southern Philippines Medical Center (SPMC) in Davao City has recently inaugurated a state-of-the-art hybrid angio-CT catheterization laboratory (cathlab) at its Heart ...
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