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
Careplus and Go Auto’s Joint Venture to Build USD 127 Million GreenTech Facility for Electric Vehicle Production
Malaysia’s Careplus Group Bhd, a medical device manufacturer, and Go Auto Group Sdn Bhd, a local automotive importer, are collaborating through their joint venture, ...
Foreign EV Manufacturers to Set Up Shops in the Philippines
The Philippine Economic Zone Authority (PEZA) announced that four electric vehicle manufacturers were considering the Philippines as a manufacturing base. These include two ...
Philippine Conglomerate Metro Pacific Investments Secures Green Investments Incentives
Metro Pacific Agri Ventures (MPAV), a subsidiary of conglomerate Metro Pacific Investments Corporation with investments in infrastructure, tolls, power, and water, was ...
NEDA Greenlighted 3 High-Impact Infrastructure Projects
During the 11th meeting convened by President Ferdinand R. Marcos Jr. at the Malacañang Palace in Manila, the National Economic and Development Authority (NEDA) Board ...
More International Beverage Brands Open in Malaysia
Several international beverage brands are tapping into the Malaysian market, taking advantage of the growing number of upscale urban shopping centers. Notable entrants, ...
PEZA Targets 15% Investment Growth in 2024
The Philippine Economic Zone Authority (PEZA) aims to achieve a minimum of 15% growth in approved investments for the year 2024. PEZA Director General Tereso Panga stated ...
UK Government Strengthens Healthcare Partnerships with the Philippines
The UK’s Department for Business and Trade (DBT) and the British Embassy in Manila hosted a Trade Mission last 29 November – 1 December composed of National Health Service ...
Swiss Grocer Disrupts Retail Market in the Philippines
The Philippine retail scene, traditionally dominated by giants like SM, Robinsons Retail, and Puregold, faces a potential disruptor in DALI, a Swiss grocer quietly gaining ...
AFP Expands Defense of the Philippines’ Exclusive Economic Zone in WPS
As the Armed Forces of the Philippines (AFP) gains ground in its anti-insurgency efforts, the focus is shifting towards bolstering external defense capabilities. This ...
DTI Delves Into AI Technology to Improve Philippine Economy
President Ferdinand R. Marcos Jr. and Department of Trade and Industry (DTI) Secretary Alfredo Pascual have met with Silicon Valley Technology companies and investors for a ...
Malaysia Anticipates Economic Recovery in 2024 with Projected GDP Growth of 4.4% to 4.7%
Research firms, including CGS-CIMB, MIDF, and Maybank Investment Bank Research, anticipate a positive trajectory for Malaysia’s economy in 2024. Projections range from ...
ADB and ACEN Sign PHP 5.5 Billion Loan for Solar Energy Expansion in the Philippines
The Asian Development Bank (ADB) and ACEN Corporation have signed a sustainability-linked loan of up to PHP 5.5 billion (USD 100 million) to boost solar energy capacity in ...
Climate Change Endangers Closure of Philippine Hospitals
Hundreds of hospitals in the Philippines could face partial or total shutdown from extreme weather events caused by climate change by the end of the century if fossil fuels ...
Korea’s Innovative Shopping Platform Launches in Thailand
Pocket PangPang, Korea’s single-price mobile shopping platform, officially began its service in Thailand in December 2023.
Pocket PangPang is a new kind of mobile ...
Honda Commences Passenger EVs Production in Thailand
Japanese automaker Honda Motor has started producing its electric vehicles (EVs) in Thailand and will begin selling them in the Southeast Asian country in the first quarter ...
Thailand Seeks USD 28 Million Investment for Land Bridge
Thailand is seeking USD 28 billion in investment to build what it calls a “land bridge” across the narrow southern part of the country. The Southeast Asian nation intends to ...
US Company Provides Data Center Interconnect Solution in Thailand
Ribbon Communications, an American provider of real-time communications technology and IP optical networking solutions, recently announced that it is providing Interlink ...
Swedish Cancer Care Company Opens Office in Thailand
Elekta, a global Swedish company that develops and produces radiation therapy and radiosurgery-related equipment and clinical management for the treatment of cancer and brain ...
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