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

The Philippines Is Looking to Attract High-Tech Investments From Taiwan

The Philippine Economic Zone Authority (PEZA) eyes attracting more investments in high-technology industries from Taiwan following the country’s investment mission in the ...

SpaceX Partners with Philippine Company on Satellite Services

It has just been announced that Elon Musk's Space Exploration Technologies Corp (SpaceX) is expanding into the Philippines by offering satellite broadband service to local ...

South Korea’s SPC To Build First Halal Food Hub in Southeast Asia

The SPC Group, a South Korean-based company that owns the international bakery chain Paris Baguette, will invest MYR 130 million (USD 28 million) in Malaysia to create its ...

Malaysia to Introduces Tax Incentives in Carbon Capture and Storage

In an effort to establish itself as a regional hub for the developing industry, Malaysia has announced the implementation of tax incentives for carbon capture and storage ...

Shell Invests in Phase 4 of Deepwater Project in Malaysia

Shell PLC announced its second investment in Malaysia’s oil and gas sector within a month through its local unit, Sabah Shell Petroleum Co, in the phase 4 of the ...

Malaysia Purchases Italy’s Leonardo Maritime Patrol Aircraft

Malaysia’s Ministry of Defense announced that the Italian company Leonardo was chosen by the government as its preferred supplier for a maritime patrol aircraft program ...

Malaysia’s Digital Economy Reaches USD 21 Billion in 2022

Malaysia's digital economy increased by 13% year over year in 2022, reaching a gross merchandise value of USD 21 billion (GMV), mostly contributed by the rise of e-commerce ...

Philippine Meat Imports Reach One Billion Kg in 9 Months

The Philippines' imports of meat products from January to September 2022 surpassed the one billion-kilo mark, led by pork and chicken shipments. According to the latest ...

PLDT Invests USD 75 Million to Boost Intra-Asia Connectivity

The Philippines’ largest fully integrated telco PLDT will continue to expand its international cable network as the initial phase of cable construction of the Asia Direct ...

Indonesian Ice Cream Maker Builds its Biggest Plant in the Philippines

Indonesia’s ice cream manufacturer Aice Brands is building a 49,070 sqm ice cream plant in the Philippines - its largest and most advanced within Southeast Asia. Targeted ...

Global Coffee Chain Brands Expanding in Malaysia

Leading coffee chain brands like Starbucks Coffee, Coffee Bean & Tea Leaf, and Kenangan Coffee will be expanding in Malaysia by 2023 due to a flurry of investments from ...

Medtech Allm Inc. of Japan Set Up Base in Southeast Asia

Greater Kuala Lumpur will serve as the Southeast Asia hub for Allm Inc, a provider of digital healthcare services with headquarters in Japan. Using its Join telemedicine ...

Shell Appoints MHB To Provide Solar-Powered Platform for Gas Project

Sarawak Shell Bhd has appointed Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) as a provider of engineering, procurement and construction (EPC) services relating to ...

Japan’s Shimano Components Buys Paragon Globe Factory in Johor

Shimano Components, a Japanese leading manufacturer of bicycle components and fishing equipment, will expand its production in Malaysia through the purchase of new factory in ...

DHL Express Expands Johor Gateway Facility for Regional Demand

Global express service provider, DHL Express, has opened its expanded Johor Gateway facility in the Senai Airport City industrial park. The facility, which is more than twice ...

Etana Launches Biopharmaceutical Manufacturing in Indonesia

Etana Biotechnologies established its biopharmaceutical manufacturing facility in Jakarta. Etana is involved in developing a variety of innovative therapeutics, like ...

Salvatore Ferragamo Launches in Indonesia

Valiram, a Malaysian retail business, has launched Indonesia's first Salvatore Ferragamo store. The store, located in Plaza Indonesia, is part of Valiram's expanding ...

Poland Targets Indonesia’s Railway Sector

Poland is eyeing Indonesia's railway sector, according to its diplomats and business officials. The Indonesian Railway Society (Maska) traveled to Poland last month for a ...

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