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

Panasonic Invests USD 52M to Expand Domestic Manufacturing in the Philippines
Panasonic Manufacturing Philippines Corp. has registered an investment of PHP 3 billion (USD 52 million) with the Philippine Economic Zone Authority (PEZA) to expand its ...

US Wood Exports to the Philippines Seen Rising 30% in 2025
American wood exports to the Philippines are projected to increase by 30% to USD 28 million in 2025, driven by rising demand from the construction, furniture manufacturing, ...

ePLDT Partners with Straits Interactive to Simplify Enterprise AI Adoption
ePLDT, the ICT arm of PLDT, has partnered with Singapore-based Straits Interactive to help Philippine organizations adopt generative AI more easily and securely. The ...

Chang Gung Hospital Seeks to Expand Philippine Patient Base Through AC Health Tie-Up
Chang Gung Memorial Hospital (CGMH)–Linkou is targeting a larger share of Philippine patients as part of its Southeast Asia growth strategy, focusing on cancer care and ...

UK Launches Climate Fund to Support the Philippines’ Clean Energy Transition
The United Kingdom has launched its flagship climate program, UK Partnering for Accelerated Climate Transitions (UK PACT), in the Philippines, committing an initial GBP ...

Spanish Renewable Energy Firm Explores Expansion into the Philippines
Spanish renewable energy company Grupo Enhol is considering the Philippines as part of its Asia-Pacific expansion plans, as it evaluates new markets for clean power ...

ADB Approves USD 500M Loan to Advance the Philippines’ Blue Economy
Asian Development Bank (ADB) has approved a USD 500 million policy-based loan to support the sustainable development of the Philippines’ blue economy, marking the bank’s ...

Hyundai Deepens Defense Partnership with the Philippines
South Korea’s HD Hyundai Heavy Industries has emerged as the Philippines’ key partner in a fast-moving naval modernization program, supplying the country’s most advanced ...

Agrilever–Tomorrow.io Partnership Strengthens Climate Resilience in Philippine Agriculture
Agrilever has entered a strategic partnership with global weather intelligence provider Tomorrow.io to deploy AI-powered, hyperlocal weather forecasting across the Philippine ...

Indonesia Unveils USD 1.2 Billion Feed Industry Expansion to Boost Poultry Production
Indonesia has announced a comprehensive USD 1.2 billion (IDR 20.3 trillion) investment plan to expand its feed mill infrastructure, primarily targeting increased poultry feed ...

UAE’s EDGE and Indonesia’s Republikorp Seal USD 7 Billion Defence Manufacturing Pact
EDGE Group, a prominent advanced technology and defence conglomerate based in the UAE, has entered into a major cooperation agreement with Republikorp, Indonesia’s ...

Indonesia Invests in Digital Infrastructure to Drive Economic Growth
Indonesia is set to significantly expand its investments in digital infrastructure to fortify its digital economy and maintain robust economic growth. The government has ...

Pertamina and HyET Solaris Plan 50 MW Flexible PV Line in Indonesia
PT Pertamina Power Indonesia (PII) has signed a non-binding term sheet with Dutch thin-film PV specialist HyET Solaris Netherlands to collaborate on manufacturing lightweight ...

Indonesia Unveils Blue Carbon Roadmap at COP30
At the 30th UN Climate Change Conference (COP30) in Belém, Brazil, the Indonesian government officially unveiled its Blue Carbon Ecosystem Roadmap and Action Guidelines, a ...

Indonesia Launches First Locally Sourced Plasma-Derived Medicines
SKPlasma Core Indonesia, a joint venture between South Korea’s SK Plasma and the Indonesia Investment Authority (INA), has announced a major healthcare milestone: the ...

Microsoft Expands AI and Cloud Infrastructure in Indonesia to Drive Local Innovation and Digital Growth
Microsoft has announced a significant expansion of its AI infrastructure and cloud services in Indonesia, building on the launch of its first Indonesia Central cloud region ...

Indonesia Boosts EV Charging Network through V-Green and Telkom Property Partnership
Indonesia is set to strengthen its green infrastructure and electric vehicle (EV) ecosystem following a new partnership between V-Green, a regional EV charging infrastructure ...

Indonesia Inaugurates Major Petrochemical Complex in Cilegon, Boosting Industrial Capacity
Indonesia and South Korea marked a significant industrial milestone with the inauguration of a new USD 3.95 billion (IDR 61.6 trillion) petrochemical complex in Cilegon, ...
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