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

ACV To Sign a Sister Airport Agreement With Società Esercizi Aeroportuali

To encourage future development, the Società Esercizi Aeroportuali (SEA) of Italy and the Airports Corporation of Vietnam (ACV) have signed a sister airport agreement. This ...

Mom and Baby Products Market See a Bright Future in Vietnam

The retail market for mothers' and babies' items is rising in Vietnam due to the rising awareness of health issues in the country, especially among vulnerable populations ...

Beer Made from Recycled Sewage Water Wins Approval in Singapore

Two months after it became available in supermarkets in Singapore, the 'NEWBrew' beer appears to have been well received by most consumers who have sampled it. First revealed ...

DFNN to Work Together with Nautilus in Developing Philippines’ First ‘Green Data Center’ in Bataan

DFNN, Inc. signed an MOU with Nautilus Data Technologies (Nautilus) to collaborate and jointly assist each other in projects involving the development of a data center in the ...

Vietnam’s Plan to Implement Digital Addresses for All Households by 2025

According to Vietnam’s National Postal Development Strategy, all households in the country will have digital addresses by 2025. The strategy aims to make the postal industry ...

Vietnam to Enlarge its Expressway System by 2030

In a recent working session between Vietnam’s Prime Minister and the Ministry of Transport (MOT), it has been affirmed that building 5,000 kilometers of expressway by 2030 ...

New USD 4.65 Million Project to Reduce Costs and Increase Efficiency of Nanoparticle Manufacturing

A new Singapore-based research project, called the Accelerated, Manufacturing Platform for Engineered Nanomaterials (Ample), was launched in July. Funded by Singapore’s ...

Filipino Conglomerates Invest to Build the First AI Research Hub in the Philippines

Filipino conglomerates have expressed interest in funding and building the Philippines' first National Center for AI Research (N-CAIR) which was one of the components of the ...

ADB Makes its Largest Infrastructure Financing in Asia and the Pacific Region, in the Philippines

The Asian Development Bank (ADB) has just become a major proponent of one of the Philippines’ most extensive infrastructure projects, the North-South Commuter Railway ...

Philippines, Israel Sign an Investment Promotion and Protection Deal

The Philippines and Israel have vowed to strengthen bilateral economic relations by signing the Investment Promotion and Protection Agreement (IPPA), which could potentially ...

Manila City Government Opens a New USD 41 Million Hospital

The City Government of Manila formally inaugurated the new PHP 2.3 Billion (USD 41 million) Bagong Ospital ng Maynila on June 24, 2022, after it broke ground on June ...

Cosco Inks a Joint Venture Deal with Siam Global For a One-Stop Warehouse

Cosco Capital, Inc. has approved and signed a joint venture agreement with Siam Global House Public Company Limited to operate a one-stop warehouse for building and ...

Defense Department to Acquire USD 533 million Korean-made Offshore Patrol Vessels

On the last week of June 2022, the Philippine Department of National Defense (DND) and South Korean shipbuilder Hyundai Heavy Industries (HHI) signed the PHP 30 billion (USD ...

Japanese Manufacturing Company Plans USD 710 Million Expansion of Subic Facility

The Department of Trade and Industry (DTI) said Japan’s Nidec Corp., a maker of electric motors, is planning a PHP 40 billion (USD 710.8 million) expansion of its ...

South Korean Firm to Invest PHP 750 Million in a Tapioca Starch Plant in Mindanao

Daesang Philippines Corp., the local unit of South Korea’s Daesang Corp., has received approval from the Board of Investments (BOI) to produce tapioca starch in the country ...

More Opportunities for Vietnamese Coffee Export to the US

Vietnam is anticipating more chances in the US market as the price of its coffee exports is rising. In the first five months of 2022, Vietnam raked in USD 124.95 million from ...

Singapore to Spend USD 2.7 billion in ICT, with 80% of Contracts Expected to Stay Open for SMEs

The Singapore Government announced in June that it plans to spend USD 2.7 billion for infocommunications technology (ICT) procurement in 2022 with small and medium-sized ...

Singapore to Double Number of Eldercare Centers by 2025 and Expand Their Services

The Singapore Ministry of Health (MOH) has announced plans to nearly double the number of eldercare centers in Singapore from 119 to 220 by 2025. This announcement comes ...

Explore Our Services