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

nutribullet Opens First Philippine Flagship Store at SM Megamall

Jul 2025 Philippines, Retail/FMCG

Global blender brand nutribullet, known for its compact and powerful personal blenders, has launched its first-ever flagship store in the Philippines at Level 4, Mega Fashion ...

France Commits USD 270 Million to Boost Philippine Climate Action

Jul 2025 Philippines, Environment

Finance Secretary Ralph Recto has secured PHP 15.8 billion (USD 270 million) in concessional funding from the French government through Agence Française de Développement ...

JTI Philippines Explores Manufacturing Expansion into Reduced-Risk Products for Export

Jul 2025 Manufacturing

Japan Tobacco International (JTI) Philippines is exploring plans to expand its manufacturing operations in Malvar, Batangas to include reduced-risk products (RRPs) such as ...

US to Fund Technical Support for Key Luzon Economic Corridor Railway Project

Jul 2025 Philippines, Infrastructure

The United States is stepping up its infrastructure support in the Philippines by funding technical assistance for the Subic-Clark-Manila-Batangas (SCMB) Railway, a key ...

Equinix Enters Philippine Market with Acquisition of Three Data Centers

Jul 2025 Philippines, ICT

Equinix, Inc., a global digital infrastructure company, has entered the Philippine market through the acquisition of three data centers in Manila—MN1, MN2, and MN3—from local ...

Global Medtech firm BD Targets Wider Reach in Philippine Hospitals, Eyes Local Partnerships

Jul 2025 Philippines, Healthcare

Global medical technology firm Becton, Dickinson and Co. (BD) is expanding its footprint in the Philippines, aiming to supply more hospitals with its diagnostic and treatment ...

DOE Prepares USD 300-Million Energy Efficiency Initiative for Public Schools and Hospitals

Jul 2025 Philippines, Energy

The Philippine Department of Energy (DOE) is preparing to launch a USD 300-million initiative aimed at installing rooftop solar systems and implementing energy efficiency ...

PEZA Partners with LIMA Infrastructure to Streamline Investor Services

Jul 2025 Philippines, Economy

The Philippine Economic Zone Authority (PEZA) has signed a memorandum of understanding (MOU) with LIMA Infrastructure Inc., a subsidiary of Aboitiz InfraCapital Economic ...

South Korea Eyes Bigger Defense Deals with the Philippines

Jul 2025 Philippines, Defense/Aerospace

South Korea is aiming to deepen its defense ties with the Philippines as part of its broader push to become the world’s fourth-largest arms exporter by 2027. At the recent ...

US Agricultural Exports to the Philippines Set to Rise Amid Expanding Middle Class

Jul 2025 Philippines, Agrifood

The United States expects an increase in agricultural exports to the Philippines in 2025, driven by the country’s growing middle class and strong expansion in the food ...

Thailand Selects Saab Gripen E/F for Air Force Modernization

Jul 2025 Thailand, Defense/Aerospace

The Royal Thai Air Force has confirmed its decision to select the Saab Gripen E/F as its next-generation multi-role fighter aircraft. This announcement marks a significant ...

Thailand Approves USD 4.5 Billion Stimulus Package Focused on Infrastructure and Tourism

Jul 2025 Thailand, Economy

Thailand’s Cabinet has approved an economic stimulus package valued at approximately USD 4.5 billion. The initiative focuses on infrastructure development and tourism to ...

Thailand Emerges as Southeast Asia’s Fastest-Growing Data Center Hub

Jul 2025 Thailand, Energy

Thailand’s data center industry is experiencing rapid growth, positioning the country as a leading hub for digital infrastructure in Southeast Asia. At the 2025 Siemens Data ...

ADB and Energy Absolute to Support Renewable Energy and EV Infrastructure in Thailand

Jul 2025 Thailand, Energy, Environment

The Asian Development Bank (ADB) and Energy Absolute Public Company Limited signed a green loan agreement worth 47.62 million USD to support renewable energy projects and ...

American Medical Company Medical Expands in Thailand with New Manufacturing Facility

Jul 2025 Thailand, Healthcare

US company Quasar Medical has begun construction on a new manufacturing facility in Thailand, marking a significant step in expanding its global operations. Scheduled to open ...

Thailand Grants Virtual Bank Licenses to Three Consortiums

Jul 2025 Thailand, ICT

The Bank of Thailand (BOT) has announced the selection of three consortiums to receive virtual bank licenses, following a detailed review process. The approved groups are ...

Thailand Strengthens Role as Southeast Asia’s Logistics Hub

Jul 2025 Thailand, Infrastructure

Thailand is advancing its position as a logistics hub in Southeast Asia, supported by increased cross-border trade, e-commerce growth, and infrastructure development. In ...

Purina Opens USD 160 Million Wet Cat Food Facility in Thailand

Jul 2025 Thailand, Manufacturing

Purina, a subsidiary of Nestlé, has opened a new wet cat food manufacturing facility in Rayong, Thailand. The factory, covering over 93,800 square meters, represents an ...

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