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

Biomed start-up Hummingbird Bioscience opens new facility in Singapore

Singapore-based biomedical start-up Hummingbird Bioscience, which specializes in developing antibodies for cancer treatment, on Friday launched a new facility to expand its ...

Canada to Support the Philippines’ Agri-Food Security

The Canadian Agriculture Minister Marie-Claude Bibeau recently visited Manila to increase trade and investment and promote Canadian agri-food products and ...

Etaily: Philippine E-commerce Market is Expected to Continue Growing

E-commerce enabler Etaily held its first media roundtable series in mid-September 2022, entitled "The Etail Insider", where some industry players shared the latest trends and ...

The Philippines to Establish 22 Cancer Hubs

The Philippine government will open at least 22 cancer hubs to help low income patients, the Department of Health (DoH) recently announced. This is part of the PHP 529 ...

Wiring Harness Maker Yokowo Invests in USD 4 Million Factory in the Philippines

Yokowo Manufacturing of the Philippines, Inc., a unit of Japan's Yokowo Co. Ltd., recently signed a locator agreement with Science Park of the Philippines, Inc. (SPPI), which ...

Philippines to Receive USD 3.9 Billion in Investment from the United States

Philippine President Ferdinand “Bongbong” Marcos Jr. received USD 3.9 billion in investment pledges during his working visit to the United States (US). The visit is part of ...

Armed Forces of the Philippines Receives an Extra USD 670 million Budget for Modernization

The Armed Forces of the Philippines Modernization Program (AFPMP) is bound to get a PHP 40 billion (USD 670 million) increase in fresh funding for the military’s ...

The Philippines to Complete Infrastructure Projects for USD 17 Billion

The government of the Philippines has announced that it aims to complete 73 large infrastructure projects for a total cost of over PHP 4 trillion (around USD 17 billion), ...

The Philippines and Singapore Agree to Enhance Digital Cooperation

The Philippines and Singapore have recently agreed to exchange knowledge, technical expertise, and best practices for digital cooperation. The two countries agreed to ...

Cebu City Government Commissions Large-Scale Waste-to-Energy Plant

The Cebu City local government and New Sky Energy, Inc. (NSEI), the Philippine affiliate of the Colorado-based clean chemistry company, have formed a joint venture to ...

Philippines Raises Renewable Energy Cap in Power Supply Mix

The Philippines is removing another barrier to attracting investments in renewable energy by raising the minimum renewable energy (RE) capacity in the power supply mix to ...

Vietnam to Welcome More Japanese Retail Outlets

Vietnam is registering an increasing number of Japanese retailers entering the local market, from malls to store chains in residential areas. At present, Japanese company ...

Vietnam to Join the Global Semiconductor Race

In order to enter the booming semiconductor market, FPT Software, the top ICT company in Vietnam, has established a new subsidiary called FPT Semiconductor. FPT Software ...

Vietnam Developing Roadmap to Develop Green Ports

To lessen negative effects on the environment, reducing greenhouse gas (GHG) emissions and enhancing energy efficiency, the government of Vietnam is working on a master plan ...

Vietnam´s Automotive Industry Adopts Artificial Intelligence

The Vietnamese automotive industry is rapidly adopting artificial intelligence (AI) applications. In a prominent example, Vin AI Artificial Intelligence Application and ...

Modern Drugstores Attract Investment in Vietnam

The Vietnamese retail drug market is registering an increase in the number of modern drugstores, which are capturing the attention of foreign investors. The majority of ...

Indonesian E-Commerce Company Partners with Standard Chartered to Launch Digital Banking Service

A digital banking service was launched by an Indonesian e-commerce company called Bukalapak after tying up with Standard Chartered in Indonesia. Its target audience is the ...

Singapore’s First Ever Rent-to-Own Solar Program

Solar AI Technologies, a Singapore based tech-startup funded by global energy giant Engie Group, has recently announced that it will be launching Singapore’s first-ever ...

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