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
SIT Punggol to Build Largest Private Microgrid in Singapore
The Singapore Institute of Technology (SIT) has announced that the Singapore Power Group (SP) plans to invest up to an additional USD 6 million to enhance the microgrid it ...
Vietnam’s Race to Open Cold Storage Systems
Investments in cold storage facilities in Vietnam have begun to take off in recent years as a result of rising demand. According to Savills, a global services firm ...
Thailand Relaxes Tax Rules for Digital Assets
Thailand has just relaxed tax rules for investments in digital assets. The bid to promote the industry follows a rapid growth in cryptocurrency trading in Southeast Asia's ...
Meralco Allots USD 2.9 Billion for CAPEX in the Next Four Years
Manila Electric Co. (Meralco) is allotting PHP 149.66 billion (USD 2.9 billion) for its capital expenditure (capex) program in the next four years. On a per year basis, ...
SAF to launch Digital and Intelligence Defense as its Fourth Service to Deal with New Threats
The Singapore Armed Forces (SAF) has announced that it plans to launch the Digital & Intelligence Defense as a fourth service by the last quarter of this year to more ...
Next Phase of Vietnam’s Largest International Airport
The next construction phase for Long Thanh International Airport commenced at the end of March 2022. Contractors moved on to the passenger terminal after more than a month of ...
Malaysia’s Retail Sector to Grow by 6.3% in 2022
Malaysia's retail market is predicted to rise by 6.3% in 2022, following the opening of the border on April 1 as part of efforts to restore the country's economy. Major ...
Bluebird Group Implements BlackBerry Cybersecurity Solutions
Bluebird (Bluebird Group), Indonesia's leading taxi operator, is deploying BlackBerry's AI-enabled cybersecurity software and managed Extended Detection and Response (XDR) ...
Elon Musk’s SpaceX to Launch Starlink in the Philippines
Space Exploration Technologies Corp. (SpaceX), the aerospace company of billionaire Elon Musk, will soon be operating in the Philippines and is set to bring high-speed ...
SAF Establishes 4th Service to Defend Singapore’s Digital Domain
The Singapore Armed Forces (SAF) will be setting up a Digital and Intelligence Service (DIS) to strengthen Singapore’s defense against threats in the digital sphere. The ...
Malacca State to Build Undersea Tunnel to Indonesia
The Chief Minister of Malacca State Government, Sulaiman Md Ali, has revealed that the state government intends to build an undersea tunnel for a rail system network to ...
GIZ and Decathlon to Make Vietnam’s Garment and Textile Production Greener
Vietnam's garment and textile industry is striving for the implementation of green production to reduce emissions in response to the Vietnamese government's commitment made ...
Dutch Sustainable Aquaculture Fund Opens Its 1st Overseas Office in Thailand
Dutch company Aqua-Spark, a sustainable aquaculture-focused investment fund, has announced the opening of an office in Bangkok, Thailand, the first outside the Netherlands. ...
Construction of 3 Climate-resilient Bridges in Metro Manila Set to Start Soon
The Philippine government is set to start the construction of three climate-resilient bridges that are designed to decongest Metro Manila’s traffic-heavy areas - the Marcos ...
Cashless Society Possible in the Philippines Within a Decade
New research from global giant payments, Visa, suggested that a fully cashless Philippine society may be possible in less than a decade. This is because more Filipinos are ...
Black & Veatch to Partner with The Green Solutions to Promote Green Energy Production
Black & Veatch and The Green Solutions (TGS) have signed a Memorandum of Understanding (MoU) to advance the production and supply of green hydrogen and green ammonia in ...
A B2C e-Grocery Platform to Benefit Indonesian Farmers
Farmers across Indonesia stand to benefit from higher income and better access to a market already worth USD 120 billion a year following a successful round of fundraising ...
Kalera Builds First Phase of a Vertical Mega-Farm in Singapore
Kalera, a leader in sustainable indoor vertical farming, has finalized phase one of the construction at the Changi Logistics Centre with the completion of the core structure ...
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