Business News

Business news to help you keep track of the latest developments and identify new opportunities across key sectors in South East Asia

Monthly Business News to Help You Understand the Market

Philippine Cement Firm Pouring in USD 195 Million in its Plants to Meet Rising Domestic Demand

Big Boss Cement, Inc. (BBCI), the country’s newest cement player using a unique Environment-friendly process, is investing a total of PHP 10 billion (USD 195 million) for its ...

PPA Fast-tracking Offers to Upgrade Seaports Across the Country

The Philippine Ports Authority (PPA), the Philippines' main authority managing large-scale ports, has recently received a couple of unsolicited seaport development proposals ...

Philippines’ PLDT and Converge ICT to Build More Subsea Cables

More investments in the improvement of technology Infrastructure, particularly submarine cabling, will be seen in the next few years as the country’s largest telecom company, ...

Philippines Explores Halal Cooperation with Indonesia

The Philippines’ Department of Trade and Industry (DTI) has expressed its interest to enter into a Mutual Recognition Arrangement (MRA) on halal certification and ...

Philippine Navy Plans to Acquire its First Ever Submarines

The Philippines Navy (PN) announced that President Rodrigo Duterte has approved the inclusion of two submarines in its acquisition list. These will be the first ever ...

Philippine Bill Seeks to Open up “Public Services” to Foreign Players

House Bill (HB) No. 78, a proposed amendment to 83-year old Public Service Act or Commonwealth Act No. 146, which aims to open up certain utilities to investments from foreign

Korean Company to Develop Solar Power Plant in the Philippines

Philippine company Amatera Renewable Energy Corp. has entered into a memorandum of agreement (MOA) with Korean partner TPC Construction Corp. for the development of a 50 ...

Filinvest and Hitachi Form 60-40 Water Solutions Joint Venture

Philippine conglomerate Filinvest Development Corporation (FDC) and Singapore firm Hitachi Aqua-Tech Engineering Pte. Ltd. inked a joint venture (JV) agreement to put up a ...

European Nutrition Company Enters Philippines Market

Nutricia, a popular brand from Europe for early life and Medical nutrition, recently announced its plan to enter the Philippines before the year ends. Nutricia is under the ...

Singapore-Based Blue Planet Acquires Malaysian Industrial Waste Processing Company

Singapore’s Blue Planet Environmental Solutions Pte Ltd has recently acquired Globecycle Holdings Sdn. Bhd., a waste management company specializing in handling industrial ...

Prudential Introduces AI-Powered Health Mobile App in Malaysia

Prudential Corporation Asia has introduced Pulse, an all-in-one digital app with Artificial Intelligence (AI)-powered health information. Officially unveiled on 12 August, ...

Mega Projects to Drive Malaysia’s Economy in Second Half of 2019

Economist Lee Ju Ye from Maybank Kim Eng Group, a wholly-owned subsidiary of Maybank stated that Malaysia’s economic growth for the second half of 2019 will be positively ...

Malaysia’s DreamEDGE to Work with Japan’s Daihatsu for Third National Car

Malaysia's Minister of International Trade and Industry (MITI), Darell Leiking, has announced that Malaysian digital engineering services firm, DreamEDGE Sdn Bhd has been ...

Malaysia Needs USD 7.9 Billion to Achieve Renewable Energy Target by 2025

Malaysian Minister of Energy, Technology, Science, Climate Change and Environment (MESTECC) Yeo Bee Yin stated that Malaysia will need MYR 33 billion (USD 7.9 billion) worth ...

MAHB Collaborates with Huawei Technologies for Airports 4.0 Initiative

Malaysia Airports Holding Berhad (MAHB), a public listed airport company that manages 39 airports nationwide has signed a Memorandum of Understanding (MOU) with Huawei ...

Chinese Hygiene Products Company Opens Regional Hub in Malaysia

On 4 September, Hong Kong-listed Vinda International Holdings Ltd announced that it will invest more than MYR 500 million (USD 119 million) on a new regional hub in Malaysia ...

Airbus to Invest USD 120 Million in Malaysian Aerospace Industry

Airbus SE announced on 30 August that it will invest MYR 505 million (USD 121 million) for three key initiatives to enhance the aviation and aerospace industry in Malaysia. ...

95% of Rural Population in Sabah to Have Quality Infrastructure by 2025

Malaysia's Rural Development Minister Rina Mohd Harun aims to ensure 95% of the rural population especially in Sabah will enjoy quality and efficient basic Infrastructure such

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