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
Spanish Offshore Wind Developer to Locate its Largest Wind Energy Project in the Philippines
Madrid-based offshore wind developer BlueFloat Energy announced that its largest planned offshore wind energy project will be located in the Philippines, with a capacity of ...
ADB Approves USD 1 Billion Loan for Davao City’s Electric Bus Fleet Project
The Asian Development Bank (ADB) has greenlit a momentous USD 1 billion loan to support the implementation of a city-wide public transport initiative in Davao City. As the ...
PhilHealth to Provide Coverage for Cervical Cancer Screening
State health insurer the Philippine Health Insurance Corporation (PhilHealth) plans to extend coverage for cervical cancer screening through the Konsultasyong Sulit at Tama ...
Philippine Construction Industry Keen on Adopting Data Strategy
Research by Procore Technologies Inc., a leading global provider of construction management software, shows that the Philippines is leading among surveyed Southeast Asian ...
Philippines Seen as an Emerging Manufacturing Hub
A study conducted by BMI, a Fitch Solutions Company, identified the Philippines as an emerging manufacturing hub in 2023. According to BMI, the Philippines’ exports are ...
E-commerce in the Philippines to Reach USD 16 Billion in 2023
According to a market research study organized by logistics solutions provider Locad Philippines with Cube Asia, e-commerce in the Philippines is anticipated to achieve a 15% ...
Swiss Glass Container Manufacturer Constructs USD 23 Million Factory in Johor
Bucher Emhart Glass, a subsidiary of Swiss-listed engineering and manufacturing group Bucher Industries AG has announced an investment of MYR 108 million (USD 23 million) to ...
Malaysia to Launch the National Energy Transition Roadmap (NETR) and the Hydrogen Economy and Technology Roadmap (HETR) in 2023
Malaysian Prime Minister Anwar Ibrahim has unveiled the plan to introduce two new energy roadmaps, namely the National Energy Transition Roadmap (NETR) and the Hydrogen ...
Malaysia to Introduce Cyber Security Bill to Address Digital Threats
The Malaysian government has announced that the nation’s first Cyber Security Bill will be developed and introduced by the National Cyber Security Committee in 2023. The ...
Malaysia to Operate 1,097 Digital Economy Centers Nationwide
Malaysia Communications and Digital Minister Fahmi Fadzil has announced that the government intends to create 186 new digital economy centers (PEDi), bringing the total ...
Coach to Open World’s 1st ‘Coach Airways’ Retail Store in Malaysia
American luxury fashion brand Coach will introduce the world’s first Coach Airways, a unique retail concept store, and café housed in a transformed 1981 Boeing 747-230B ...
Blockchain Company nChain To Promote the Province Of Bataan As Blockchain Hub In Asia
Global blockchain company nChain has signed a Memorandum of Understanding (MOU) with the Provincial Government of Bataan to digitize their local government processes and ...
US Manufacturer Partners with Local Company to Develop USD 500 Million Solar Complex in Indonesia
SEG Solar, a US-based solar module manufacturer, and PT Kawasan Industri Terpadu Batang (KITB), an Indonesian state-owned company that operates as an industrial area ...
Indonesia Expands Tuna Farming to Advance Sustainable Preactices
Indonesia is expanding tuna farming to improve its aquaculture sector and advance sustainability practices. Indonesia captures the most tuna of any country, accounting for ...
Indonesia Turns Away from Russia, Confirms Purchase of Qatari’s Jet Fighters
The Indonesian Air Force (TNI-AU) has revealed that it signed a EUR 733 million (USD 793.14 million) contract to acquire the Qatar Emiri Air Force’s (QEAF’s) ...
Indonesia’s Parliament Approves USD 1 Billion Increase for Construction of New Capital
Indonesia is ready to build its new capital, Nusantara, and the country’s parliament budget committee has recently granted an additional IDR 15 trillion (USD 1 billion) ...
Australian Company Initiates Commissioning of Nickel Power Plant in Indonesia
Nickel Industries (NIC), an Australian company specializing in nickel pig iron production, has commenced the commissioning of its 380-megawatt (MW) power plant in the ...
Long John Silver’s, a US-based Franchise, Launches Its First Branch in Indonesia
The first-ever Long John Silver’s location in Indonesia has been inaugurated in Gading Serpong, serving as the brand’s global flagship store. The restaurant ...
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