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
Mercedes-Benz Malaysia and P.UP Launch On-Demand Mobile EV Charging Service
Mercedes-Benz Malaysia has partnered with Power-Up (P.UP) by Nazamax Malaysia to introduce a mobile electric vehicle (EV) charging service designed to make EV ownership more ...
BYD to Build First Malaysian Assembly Plant at Perak’s KLK TechPark
Chinese electric vehicle (EV) company BYD has selected Perak’s KLK TechPark in Tanjong Malim for its first automotive assembly plant in Malaysia. The assembly facility will ...
Petronas and Microsoft Expand Strategic Partnership to Boost Malaysia’s AI Ecosystem
Petroliam Nasional Berhad (Petronas), Malaysia’s state-owned utility firm, has expanded its strategic collaboration with Microsoft through a new memorandum of understanding ...
Malaysia Mandates Recycling Facilities in All Shopping Malls Starting 2026
The Malaysian government will require all shopping malls nationwide to have recycling facilities starting January 1, 2026, as a condition for business licence approvals. This ...
B.Grimm Power to Invest Over USD 1 Billion in Malaysia’s Renewable Energy and Power Sectors
Singapore’s B.Grimm Power, a Thai energy firm, is set to invest over MYR 4.3 billion (around USD 1.02 billion) in Malaysia’s renewable energy (RE) and power sectors over the ...
Malaysia commits more than USD 240 billion in investments to ease trade imbalance with the US
Malaysia has agreed to purchase and invest over USD 240 billion with the United States to help narrow the trade deficit and secure a reduction in US reciprocal tariffs, from ...
Malaysia to Modernize Defense with Turkish UAVs by 2026
Malaysia is set to modernize its defense capabilities by integrating drone technology, with the Royal Malaysian Air Force (RMAF) expected to receive its first batch of ...
Malaysia Grants Zero Tariffs to Nearly 7,000 US Products in Trade Deal
Malaysia and the United States have reached an agreement resulting in zero tariffs for nearly 7,000 tariff lines, predominantly benefiting US exporters of agricultural and ...
Japanese Footwear Retailer ABC-MART to Open Flagship Stores in Manila
Japanese footwear retailer ABC-MART will open its first flagship stores in Manila in 2025 through a joint venture with SONAK Retail Group. The collaboration will introduce ...
Hyundai to Launch Shipbuilding Operations in the Philippines
South Korean conglomerate HD Hyundai plans to begin shipbuilding operations in the Philippines early in 2026. The development follows the signing of a 10-year lease agreement ...
ISON Group to Invest USD 300 Million in Philippine Digital Infrastructure
India-based iSON Group plans to invest up to USD 300 million over the next decade to strengthen digital infrastructure in the Philippines. The company intends to develop ...
Converge Connects Philippines to Asia-Pacific Subsea Cable System
Broadband and technology provider Converge ICT Solutions Inc. announced that an Asia-Pacific subsea cable system has reached Philippine shores, supporting the country’s ...
The Philippines Emerges as Healthtech Outsourcing Hub
The Philippines is emerging as a key player in the growing global health-care outsourcing market, a trend that has increased the need for efficient cross-border payments. New ...
The Philippines Partners with South Korea for Nuclear Energy
The Manila Electric Company (Meralco) will begin sending scholars to South Korea in March 2026 as part of its Nuclear Energy Strategic Transition program. The initiative is ...
Uttamenergy to Build USD 70-Million Waste-to-Energy Plant In New Clark City
Indian engineering firm Uttamenergy Limited will develop a USD 70 million waste-to-energy facility in New Clark City under an agreement with the Bases Conversion and ...
The Philippines Positioned to Become Regional Pharmaceutical Hub
The Philippines is emerging as a potential pharmaceutical hub in Southeast Asia as new investments flow into the country’s economic zones. BMI Country Risk & Industry ...
The Philippines and Australia to Enter Defense Cooperation Agreement in 2026
The Philippines and Australia recently signed a statement of intent to pursue a Defense Cooperation Agreement aimed at strengthening security relations. Australian Deputy ...
Canada Sees Growing Agrifood Trade Opportunities in the Philippines
Canada views growing opportunities to expand trade with the Philippines as global markets adjust to the uncertainty created by United States tariff policies.
Canadian ...
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