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
German Specialty Chemicals Company Expands Capacity in Singapore
German specialty chemicals company Evonik is expanding its capacity to produce MetAMINO® (DL-methionine) on Jurong Island, Singapore, by 40,000 metric tons to around 340,000 ...
Singapore Launches First Research Program for Costal Protection
The Public Utilities Board (PUB) of Singapore has launched Singapore’s first research program dedicated to strengthening coastal protection and inland flood management ...
Albatroz Therapeutics Wins the First Amgen Golden Ticket in Singapore
Leading global biotechnology company Amgen and NSG BioLabs, Singapore’s largest and leading provider of biotech co-working laboratories and offices, recently ...
Singapore to Redevelop Kranji Water Reclamation Plant and NEWater Factory
Singapore consumes about 440 million gallons of water per day, and this will almost double by 2065. To meet the projected increase in used water, Singapore’s Public Utilities ...
Singapore Works with Bluenergy Solutions to Explore Hydrokinetic Energy
The Maritime and Port Authority of Singapore (MPA) is collaborating with marine renewable energy solution provider Bluenergy Solutions, to launch a Proof of Value (POV) ...
Singapore’s ST Engineering to Build Six Multi-Role Combat Vessels
Singapore Technologies Engineering Ltd (ST Engineering) recently announced that its subsidiary, ST Engineering Marine Ltd., has been awarded a contract by the Ministry of ...
Indonesia Partners with Global Energy Alliance for Energy Transition Plans
The Global Energy Alliance for People and Planet (GEAPP) has partnered with the Indonesian Ministry of Energy and Mineral Resources to hasten the country's net-zero emissions ...
Indonesian Air Force to Upgrade Air Defense Radar Technology
To enhance its air defenses, the Indonesian Air Force, or TNI AU, has decided to replace its outdated radars. The Chief of Staff of the Air Force revealed that the Air Force ...
Indonesia Approves GMO Drought-Tolerant Wheat from Argentina
The Indonesian government has granted authorization for genetically modified organisms (GMO) wheat for human consumption, including Bioceres Crop Solutions Corp's HB4 wheat. ...
SK Plasma to Invest USD 250 Million for Blood Products Manufacturing Facility in Indonesia
SK Plasma, a subsidiary of SK Discovery, has announced plans to construct a blood products plant in Indonesia worth USD 250 million. The Indonesian Health Ministry has ...
NeutraDC, NAVER Cloud, and Cisco to Accelerate Cloud Technology Adoption in Indonesia
NeutraDC, a brand under PT Telkom Data Ekosistem, has announced its partnership with NAVER Cloud and Cisco to provide advanced cloud services and solutions to Indonesian ...
AEON to Undergo Massive Stores Expansion in Indonesia
The President Director of PT AEON Indonesia, Takahiro Osugi, recently announced that the Japanese retail chain is planning to expand its presence in Indonesia by opening at ...
LONGi Signs Agreement as Framework Supplier for Renewable Energy in Singapore and Indonesia
During a recent leadership retreat, Indonesia's Coordinating Minister for Maritime Affairs and Investment and Singapore's Senior Minister and Coordinating Minister for ...
Indonesia Enhances Economic Co-operation with Norway and Switzerland
The Indonesian and Norwegian governments have agreed to strengthen economic cooperation by focusing on implementing digital trade and addressing Indonesia's halal ...
Maynilad Allocates USD 3.18 Billion for Wastewater Treatment Projects
Maynilad Water Services, Inc. (MWSI), one of the two utility concessionaires in Metro Manila serving the West Zone, has committed PHP 178 billion (USD 3.18 billion) over the ...
Philippine Government to Build Cold Storage Facilities in Various Fish Ports
President Bongbong Marcos announced that the government plans to build cold storage facilities in several fish ports to lower post-harvest losses, increase the nation's fish ...
Mega Prime Foods Inc. Opens a New World Class Manufacturing Facility in the Philippines
Showcasing its dedication to creating a food-secure Philippines, the company Mega Prime Foods Inc. (MPFI) formally opened its newest manufacturing plant in the Philippines, ...
Royal Thai Air Force Aims to Spend USD 1.2 Billion on Aircraft Upgrading
The Royal Thai Air Force (RTAF) has announced its intention to secure a budget of THB 40 billion (USD 1.2 billion) for the 2024 fiscal year, with additional funding required ...
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