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

Increased Pork Imports at Lower Tariff May be Approved by Duterte

The Philippine government is fast-tracking policies to stabilize food supply and ensure that households affected by COVID-19 will not be doubly affected by the increase in ...

Adoption of Drone Technology Rises in the Agriculture and Plantation Sector

Malaysia Digital Economy Cooperation (MDEC), the lead agency in driving the digital economy under the Ministry of Communications and Multimedia Malaysia, anticipates higher ...

Rapak Opens Packaging Facility in Thailand

DS Smith Rapak Thailand, an arm of UK listed  DS Smith Plastics, has opened a new facility in Chachoengsao, a province in south-central Thailand, east of Bangkok. The new ...

US Government Announces PHP 42 Million in Grants to Address Marine Plastic Pollution

The US government, through the US Agency for International Development (USAID)’s Clean Cities, Blue Ocean (CCBO) program, has awarded grants worth nearly PHP 42 million (USD ...

Japan’s MOS Burger Coming to Vietnam in 2021

Japan’s second-largest fast food franchise, MOS Burger, will open its first store in Ho Chi Minh City later in 2021. The company plans to set up a joint venture in the ...

Tariffs for ANZ Dairy Exports to Thailand Removed Progressively

Among South East Asian countries, Thailand is the largest producer and exporter of dairy products. In producing these items, Thailand is import-dependent for raw materials ...

Major Beer Maker, ThaiBev, Revives Plan for Blockbuster Singapore IPO

Thai beer and liquor giant, Thai Beverage (ThaiBev), plans to spin off and list its regional brewery unit, BeerCo, on the Singapore Exchange (SGX) mainboard. In a regulatory ...

Philippine Government Approves More Pork Imports

In light of the ongoing African Swine Fever (ASF) outbreak in the Philippines that has dramatically diminished the supply of pork for the domestic market, Philippine ...

US-based Tyson Foods Buys 49% Stake of MFM’s Poultry Business for MYR 420 million

US company Tyson Foods, Inc. has announced that it will acquire a 49% stake in the poultry segment of Malaysian food manufacturing company, Malayan Flour Mills Bhd ...

Taco Bell Opens its First Restaurant in Jakarta

Taco Bell – the world-renowned Mexican-inspired quick service restaurant (QSR) – officially opened its doors to the public in Indonesia on December 18, 2020, with the opening ...

Trade Agency Encourages US Firms to Invest in Electronics Manufacturing in the Philippines

During an electronics manufacturing services (EMS) webinar organized by the Philippine Trade and Investment Center, the Department of Trade and Industry (DTI) Secretary Ramon ...

San Miguel Gets 50-Year Franchise for Airport City Project in Bulacan as Bill Lapses into Law

San Miguel Corporation’s (SMC) subsidiary, San Miguel Aerocity Inc (SMAI), was granted a 50-year franchise to build, operate and maintain a domestic and international airport ...

Philippines Plans Start of Covid-19 Vaccine Rollout by End-February 2021

The Philippines government is planning to start the vaccination against COVID-19 for Filipinos by the third or fourth week of February. According to the country’s vaccine ...

Philippine Congress Encouraged to Pass Key Economic Bills

The Department of Trade and Industry (DTI) has called on the bicameral Congress to urgently sign the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, a ...

Globe Telecom Expands 4G Infrastructure to Improve Connectivity

Globe Telecom Inc. is set to discard its old 3G infrastructure completely and will now be increasing its fourth-generation (4G) long-term evolution (LTE) frequencies in the ...

DOE Partners with USAID to Boost Investments in the Philippine Energy Sector

The Department of Energy (DOE) and the United States Agency for International Development (USAID) have partnered to increase private investments in advanced energy technology ...

Bidding Prequalification for USD 208 million International Container Port in Cebu Begins

The Philippine Department of Transportation (DOTr) has begun inviting potential bidders to join the prequalification process for the civil works contract of the PHP 10 ...

Acer Philippines Opens First Flagship Store

Consumer electronics company Acer opened its first-ever flagship store in the Philippines at the SM Megamall Cyberzone in January 15, 2021. As Acer’s largest store in the ...

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