Business News

Business news to help you keep track of the latest developments and identify new opportunities across key sectors in South East Asia

Monthly Business News to Help You Understand the Market

Makino Asia Opens Smart Factory in Singapore

Makino Asia, a manufacturer of machining tools opened a new smart manufacturing facility in Singapore, built with an investment of SGD 100 million (USD 74 million). The ...

E-waste Recycling Research Center Launched Through Singapore-France Collaboration

Nanyang Technological University, Singapore (NTU) and the French Alternative Energies and Atomic Energy Commission (CEA) launched a joint research center in March 2019 to ...

PLDT Partnering with Cisco for 5G-Ready Network

US tech giant, Cisco, has bagged a multimillion-dollar deal with PLDT, the country’s largest telecommunication company, to transform its Infrastructure into a fully automated ...

Philippines Bill to Provide Incentives for Innovative Start-ups

The Philippines government is taking a significant step to make local startups more competitive in the region. Senate Bill 1532 or the Innovative Startup Act is awaiting ...

Mondelez Philippines Taps Energy Development Corp for Geothermal Energy

Mondelez Philippines, the Philippine subsidiary of global snacks manufacturer Mondelez International, has tapped Energy Development Corp (EDC) to supply renewable Energy to ...

MacroAsia, PTC Group Inaugurate Aviation School in Subic

MacroAsia, Philippine Airlines’ (PAL) aviation support affiliate, and PTC Group, a diversified crew management and training company in the Philippines, have jointly opened the

Local Philippine Units to Receive Enhanced Support for Climate Resilient PPP Projects

 Local governments and entities in the Philippines have been provided enhanced access to a facility that can fund the feasibility studies and project development phase of ...

Japan’s Mitsukoshi Mall Set to Open in the Philippines

Philippine real estate company, Federal Land, has partnered with Japanese peer Nomura Real Estate Development and retail specialist Isetan Mitsukoshi Holdings to develop the ...

Indonesian Firm Investing USD 80 Million for Coffee Factory in the Philippines

Indonesia’s PT Mayora Indah Tbk (Mayora), the company behind the 3-in-1 instant coffee brand Kopiko, has announced an investment of over USD 80 million for setting up a coffee

DPWH, Sarangani LGU Partner with Foreign Consultants for Watershed Rehab Feasibility Study

The Department of Public Works and Highways (DPWH) and the local government of Sarangani have kicked off a 11-month feasibility study on watershed rehabilitation and ...

Disability Assistance Medical Robot from Japan Brought to Philippines

Hospital directors, top physical therapists, Medical and wellness practitioners, and Medical students throughout the country gathered at a Medical symposium jointly organized ...

Malaysia signs contracts worth USD 888 Million at LIMA’19

The Ministry of Defence (MOD) of Malaysia signed seven procurement and industrial collaboration program contracts worth MYR 3.67 billion (USD 888 million) at the Langkawi ...

Malaysia Seeking Partners to Drive Global Halal Economy Growth

The Malaysian government is seeking partnership with other countries to drive growth of the Halal economy. The Halal Industry Development Corporation (HDC) recently signed a ...

Malaysia Planning Centralized Hub for Plastic Recycling

The Malaysian government is looking to introduce a centralized plastic recycling hub to better monitor and manage the industry. According to the Housing and Local Government ...

Korea, Malaysia Collaborating on USD 7 Million Virtual Power Plant Project

Three South Korean entities, utility Busan City Gas, a smart Energy IoT solutions provider, Shinhwa SNC, and software company, I-ON Communications Corp, are collaborating with

Implementation of Sugar Tax in Malaysia Postponed to July

After taking into account feedback from stakeholders, the Malaysian government decided to postpone the implementation of sugar tax on soft drinks and juices to July 1 from the

G3 Global Partners Chinese Firms for USD 1 Billion AI Park

China Harbour Engineering Company Ltd (CHEC), G3 Global Bhd and China’s SenseTime Group Ltd have signed a Memorandum of Understanding (MOU) to set up the first artificial ...

ECRI Institute Opens Medical Device Evaluation Laboratory in Malaysia.

Pennsylvania, USA-based ECRI Institute, an independent authority on Medical practices and products, opened its first Medical device evaluation laboratory outside the United ...

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