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
Malaysia’s MHTC and Mayo Clinic Ink MoU to Boost International Healthcare Standards
The Malaysia Healthcare Travel Council (MHTC), a government agency under the Ministry of Health Malaysia tasked to promoting Malaysia as a premier healthcare destination ...
Solarvest Spearheads Initiative with Centexs, Huawei and GreenBay to Establish Hyperscale Green Data Centre in Sarawak
A collaborative venture is set to launch a hyperscale green data center testbed and training program in Sarawak, East Malaysia region. This collaboration involves Solarvest ...
US Commercial Tools Firm Alton Group to Invest USD 419 Million For New Facilities in Malaysia
Alton Industry Ltd Group, a US-based industrial tools provider, plans to invest MYR 2 billion (USD 419 million) in Malaysia, enhancing its manufacturing and research & ...
Giant Malaysia Commits USD 105 million for 50 New Hypermarkets
Giant Malaysia, also known as GCH Retail (Malaysia) Sdn Bhd, has unveiled plans to invest MYR 400 million (USD 105 million) to launch 50 hypermarkets across Malaysia within ...
Tech-enabled Coffee Chains Eyeing Singapore as Prized Battleground for Supremacy
Asian technology-driven coffee chains are seeking to expand their presence in Singapore. Luckin Coffee, a Beijing-based brand that heavily incorporated technology, went ...
Singapore Aug Manufacturing Output dives 12% y/y, More than Expected
In August, Singapore’s industrial output declined by 12.1% year-on-year, marking the 11th consecutive month of contraction, surpassing expectations and driven primarily ...
KKR to Acquire Stake in SingTel’s Regional Data Centre Unit for USD 807 million
KKR, a global investment firm, is set to acquire a 20% stake in Singapore Telecommunications (SingTel)’s regional data center business for SGD 1.1 billion (USD 0.8 ...
Singaporean E-payments Firm Introduces New Customer Verification Feature
Singapore’s dtcpay, a digital payments company, has teamed up with the verification platform Sumsub to streamline the onboarding process for new users. Sumsub, ...
Johnson & Johnson Partners with Singapore Economic Development Board for Innovation
Johnson & Johnson International (Singapore) is collaborating with the Singapore Economic Development Board (EDB) to boost innovation in Singapore’s life sciences ...
Singapore Explores if Landfill Waste Could Be Used to Build Tuas Port
Singapore is exploring the possibility of repurposing incineration ash from Semakau, its sole landfill, for use in projects like the construction of Tuas Port. As Semakau is ...
Singapore to Import Renewable Energy from Indonesia
Singapore is making significant strides in its commitment to import low-carbon electricity, with plans to import two gigawatts (GW) of renewable energy annually from ...
Singapore Announces Additional USD 802 Million to Ease Cost of Living
Singapore’s finance ministry has allocated an additional SGD 1.1 billion (USD 802 million) to address households grappling with rising living costs. This package ...
Singapore Tests Unmanned Platforms in Joint Exercise with US
As part of Exercise Forging Sabre in Idaho, the Singapore Army is currently testing an unmanned ground vehicle developed by the United States-based Ghost Robotics in ...
Singapore’s Regenx Bags USD 500,000 Pre-seed Funding from Wavemaker Impact
RegenX, headquartered in Singapore, has successfully secured USD 500,000 in pre-seed funding from Wavemaker Impact, a venture capital firm specializing in climate tech ...
Lenzing Indonesia Receives EU Ecolabel for Environmentally Friendly Fiber Production
The Lenzing Group, a global manufacturer of specialty cellulose fibers for the textile and nonwoven sectors, has gained EU Ecolabel accreditation for its fibers manufactured ...
Indonesia Cooperates with Finland to Make Nusantara a Smart City
The Nusantara Capital City Authority (OIKN) is collaborating with Finland’s Smart City Innovation Cluster (SCIC) to build Indonesia’s new capital, Nusantara, a ...
US Company Offers Gas Detection Technology to Pertamina Drilling Services Indonesia
Industrial Scientific, a global leader and innovator in full-service gas detection programs that automate safety workflows, has signed a Memorandum of Understanding (MoU) ...
Indonesia and CEPI Collaborate for Accelerating Vaccine Manufacturing
The Coalition for Epidemic Preparedness Innovations (CEPI) and Bio Farma, the only local vaccine manufacturer in Indonesia, have entered a 10-year partnership to boost the ...
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