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

GSK Opens New Continuous Manufacturing Facility in Singapore

On 5 July pharmaceutical giant, GlaxoSmithKline (GSK), opened a new continuous manufacturing facility, as well as an expanded production building at its Jurong site, with a ...

Development Commences on Phase 2 of Tuas Port in Singapore

Singapore commenced reclamation for Tuas Terminal Phase 2 on 4 July 2019. When fully operational, Tuas Terminal Phase 2 will add a capacity of 21 million twenty-foot ...

Union Bank of the Philippines Joins Hands with OneConnect for Blockchain-based Financial Solutions

Union Bank of the Philippines’ fintech subsidiary UBX, has tapped OneConnect to build and implement the country’s first blockchain platform. The partnership aims to make ...

Philippine Medical Depot Establishes Medical Simulation Facility

Medical equipment provider, the Philippine Medical Depot (PMD) recently established a simulation facility for Medical schools in the Philippines. The simulator, located at the

Philippine Company Lands Contract for Manufacturing 5G Device Components

According to a disclosure to the Philippine Stock Exchange, Cirtek Electronics Corp. (CEC), a wholly owned subsidiary of Cirtek Holdings Philippines Corporation (CHPC), won a ...

New Innovation Law Aims to Boost Global Competitiveness of Filipino MSMEs

Republic Act 11293 or the Philippine Innovation Act has been signed into law, aiming to foster the entrepreneurial spirit and promote growth and competitiveness of micro, ...

Firm Pilots 200KW Floating Solar Power in Magat Dam in the Philippines

SN Aboitiz Power-Magat (SNAP-Magat) has started the pilot testing of its 200-kilowatt floating solar power, the first of its kind in the country, which the company hopes to ...

Coca-Cola Investing USD 19 Million in PET Recycling Facility in the Philippines

Marking their first major investment in a recycling plant in the region, Coca-Cola Beverages Philippines Incorporated (CCBPI), Coca-Cola’s bottling arm, announced they will ...

7-Eleven Eyes Expansion Worth USD 69 Million

Philippine Seven Corporation (PSC), the exclusive licensor of 7-Eleven in the Philippines, announced plans to spend PHP 3.5 billion (USD 69 million) primarily to roll out new ...

60 New Prison Facilities to be Built in the Philippines

The President of the Philippines, Rodrigo Duterte, recently announced a PHP 3 billion (USD 58.1 million) investment for the construction of 60 new prison facilities, to ...

Tender Expected for EMR Implementation in Malaysian Government Hospitals and Clinics

Malaysia’s Health Minister, Dr Dzulkefly Ahmad, expects an open tender worth around MYR 1.5 billion (USD 365 million) to be announced this year for a project that will fully ...

Taiwanese Electronics Manufacturer Invests MYR 1 Billion in New Facility in Penang

Taiwanese electronics manufacturer Hotayi Electronic (M) Sdn Bhd has invested MYR 1 billion (USD 243 million) in a new 350,000 sq ft plant located in Batu Kawan, Penang. Since

Smart Repair Workshop for Aircraft Radomes Opened in Selangor

In June 2019, Airbus subsidiary, Sepang Aircraft Engineering Sdn Bhd (SAE), opened a smart workshop for the repair of aircraft nose radomes, in Sepang, Selangor. The facility ...

Petronas Chemicals Group Partners with Plastic Recycling Company

Petronas Chemicals Group (PCG), the petrochemical arm of Malaysian state-owned Energy company Petronas, has signed a Memorandum of Understanding with London-based Plastic ...

NEC Joins Race to Lead Malaysia’s National Digital ID Project

Japanese ICT giant, NEC, has submitted a proposal to the Malaysian Ministry of Communications and Multimedia (KKMM) to provide biometric technology for a large-scale ...

MYR 90 Million Available for SMEs in Malaysia Through Co-Funding Initiative

A co-funding initiative between private investors and the government targeting SMEs known as the SME Investment Partner (SIP) Program has recently raised a total of MYR 90 ...

MDEC Chooses Synagie to Accelerate E-commerce Adoption in Malaysia

MDEC is the Malaysian government’s lead agency tasked with driving the growth of the digital economy in the country. Together with the Ministry of International Trade and ...

Malaysia Moving Towards Liberalization of Natural Gas Market

Malaysia is moving towards liberalizing its natural gas market with just one price review away to achieve market-based gas pricing this year. This was shared by Adif Zulkifli,

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