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

Defense Memorandum between Japan and Singapore

Jul 2022 Singapore, Defense/Aerospace

At the 19th Shangri-La Dialogue in Singapore, Japan Minister of Defense Kishi Nobuo and Singapore Defense Minister Dr Ng Eng Hen signed an Enhanced Memorandum on Defense ...

Arquus and Pindad Cooperation on Indonesia’s Future Programs

Jul 2022 Indonesia, Defense/Aerospace

Arquus and PT Pindad signed an MoU during the Eurosatory 2022 exhibition, which took place in Paris, to create a future partnership in land systems platforms for Indonesia. ...

Malaysia’s Graphene-Enhanced Super Battery Energy Solutions Attract Dongying Cospower Technology

Jul 2022 Malaysia, Energy

Malaysia’s energy R&D firm, Graphene Synergy Sdn Bhd, has created the country’s first graphene-enhanced super battery energy solutions that could potentially disrupt the ...

TOYO Initiates Feasibility Study for Green Ammonia Production in Indonesia

Jul 2022 Indonesia, Environment

TOYO Engineering Corporation received an award from the Ministry of Economy, Trade, and Industry (METI), Government of Japan and will start a feasibility study for green ...

Singapore to Boast of the Largest Cultivated Meat Facility in Asia

Jul 2022 Singapore, Agrifood

Scheduled to open at JTC Bedok Food City in Singapore in the first quarter of 2023, Good Meat is a company that makes healthier and more sustainable foods by applying the ...

Pandawa Agri Indonesia Partners with Rabo Foundation to Establish Smallholders Sustainable Agri Initiatives in Eastern Indonesia

Jul 2022 Indonesia, Agrifood

Pandawa Agri Indonesia (PAI), an Agri life science company focused on pesticide reductant development, partners with Rabo Foundation, establishing the Mbay Rice Ecosystem ...

Singapore’s Annual GDP Affected Due to War and Covid-19 Disruptions

Jun 2022 Singapore, Economy

In the first quarter of 2022 Singapore's economy showed promising growth, way more than was previously estimated. However, the annual GDP will stay in the lower half of the ...

Study on the Indonesian Tidal Power Resources

Jun 2022 Indonesia, Energy

The state-owned companies, Indonesian Power and PLN together did a feasibility study on Larantuka Traits conducted by UK’s tidal energy companies, SBS International and SBS ...

Chevron and Pertamina Sign MOU for Lower Carbon Power Resources

Jun 2022 Indonesia, Environment

Chevron New Ventures Pte. Ltd. (Chevron) on behalf of Chevron Corporation and Indonesian state-owned company, PT Pertamina, have signed an agreement on new lower-carbon ...

Jakarta’s Expansion Plans with Help From Alsom

Jun 2022 Indonesia, Infrastructure

PT Jakarta Mass Rapid Transit (MRT) and Alsom, a global leader in sustainable solutions, signed a Memorandum of Understanding (MoU) to join hands and work on the development ...

Telkom and Microsoft Expand Partnership to Accelerate Indonesia’s Digitization

Jun 2022 Indonesia, ICT

PT Telkom Indonesia (Persero) Tbk and Microsoft have signed a strategic partnership agreement to accelerate Indonesia’s national digitalization, strengthen the country’s ...

Electric Vehicle Industry Development Act (EVIDA) Signed into Law; Envisaged to Bring In High-Tech Investments

Jun 2022 Philippines, Economy

Republic Act 11697 or the Electric Vehicle Industry Development Act or EVIDA, which was signed into law by the outgoing President Rodrigo Duterte, is poised to attract ...

Philippines’ Department of Science and Technology Proposes Collaboration with Italy’s Ministry of University and Research

Jun 2022 Philippines, Healthcare

The Philippines and Italy are hoping to sign a mutual agreement for collaborating not just on science and health but also in other areas of strategic interests such as ...

Shoppymore Introduces Malaysia’s Newest and Safest e-Commerce Platform

Jun 2022 Malaysia, Retail/FMCG

Malaysia welcomes its newest e-commerce website, Shoppymore, an online retail platform offering sellers and shoppers the safest and most satisfying online shopping ...

US-based Indium Corp Invests USD 56.8 Million in Manufacturing Plant

Jun 2022 Malaysia, Manufacturing

US-based global materials supplier Indium Corp is investing MYR 250 million (USD 56.8 million) in a new manufacturing plant in Penang. The company supplies to the electronics ...

Straits Trading, Malaysia Smelting Unveil Flagship Development Straits City Masterplan

Jun 2022 Malaysia, Infrastructure

Singapore-based The Straits Trading Co Ltd and Malaysia Smelting Corp Bhd have unveiled the master plan for Straits City, its flagship development in Butterworth, Penang. It ...

DICT Urges More Satellite System Players to Enter the Philippines

Jun 2022 Philippines, ICT

The Philippine Department of Information and Communications Technology (DICT) held a public consultation with Satellite Systems Providers or Operators (SSPOs) on May 26, ...

South Korea Extends USD 56.6 Million Loan for the PGN Island Bridges Project

Jun 2022 Philippines, Infrastructure

The Korean Government has extended USD 56.6 million in loans to the Philippines government for engineering services needed for the 32-kilometer Panay-Guimaras-Negros (PGN) ...

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