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

U.S. Army Deploys New Missile Launcher to the Philippines

For the first time, the U.S. Army’s new Mid-Range Capability (MRC) Typhon Weapon System has been deployed to the Northern Philippines. This land-based launcher, which ...

Singapore Fashion Brand to Open First Store in the Philippines

Love, Bonito, a Singaporean fashion brand, is gearing up to open its first physical store in the Philippines at Greenbelt 3 mall in Makati during the third quarter of the ...

Malaysia Approves USD 875 Million Green Projects In 2023

The Malaysian Investment Development Authority (Mida), the country’s principal investment promotion agency has approved 4,230 green technology projects worth MYR 41 billion ...

Malaysia to Fully Implement Airports Quality of Service Framework in Its Major Airports

Mavcom, the Malaysian Aviation Commission, is working towards implementing its Airports Quality of Service (QoS) Framework at the country’s main airports by the ...

Malaysia Sets Up Energy Exchange, to Open 100MW Green Electricity Export to Singapore

Malaysia has established its own energy exchange, Energy Exchange Malaysia (Enegem), to facilitate cross-border trading of green electricity. The inaugural auction, set to ...

Malaysia Introduces Hydrogen-Powered Car Technology

Malaysian Minister of Science, Technology, and Innovation (MOSTI) Chang Lih Kang announced that hydrogen-powered car technology is ready in Malaysia, with the economy ...

BioNexus Gene Lab Invests in Malaysian AI Healthcare Firm

BioNexus Gene Lab Corporation (BGLC), a US-based global leader in genomic diagnostics and healthcare technology, has announced a strategic investment by its wholly-owned ...

GXBank to Launch Regional Center of Excellence in Malaysia, Creating 400 Skilled Jobs

GXBank, a digital banking entity in Malaysia and a subsidiary of GXS Bank Pte. Ltd., formed through a partnership between Grab Holdings Limited, Singapore Telecommunications ...

DP World Partners with Sabah Ports to Boost Handling Capacity at Malaysian Container Port

UAE-based global logistics provider, DP World, and Malaysia’s port operator, Sabah Ports have recently formed a collaborative partnership to oversee the management of ...

TTM Technologies Makes USD 200 Million Investment in Penang Manufacturing Plant

US-based semiconductor giant TTM Technologies has committed a substantial investment of USD 200 million to establish its inaugural manufacturing plant in Malaysia. This ...

British Retailer Sports Direct Expands Presence in Malaysia

UK-based Sports Direct, a retailer for sports, fitness, fashion, and lifestyle products, is gearing up to launch two new flagship stores and an additional five outlets across ...

Fefifo and PayNet’s Digital Agriculture Partnership in Malaysia

Fefifo, an Agtech startup originating from Singapore and with operations in Malaysia, has teamed up with Payments Network Malaysia (PayNet), a Malaysian payment transaction ...

Vietnam’s Retail Sector to Integrate Green Standards

With the rise of environmental, social, and governance (ESG) investing, sustainability has emerged as a paramount concern for investors, developers, and property owners ...

South Korea Company Invests USD 1 billion for Bio-textile Material Production in Vietnam

The South Korean producer of spandex Hyosung TNC Corp. is set to invest USD 1 billion in new bio-textile material facilities in Vietnam, aiming to propel its growth in ...

Vietnam and France Collaborates to Elevate Transportation Networks

Vietnam’s Ministry of Transportation recently ed a delegation on an official trip to France to enhance collaboration across various transportation sectors. The Vietnamese ...

Vietnam’s FPT to Utilize Nvidia’s Chips for Its USD 200-million AI Factory

Vietnam’s leading tech firm FPT announced plans to build a USD 200 million artificial intelligence (AI) factory utilizing Nvidia’s graphics chips and software. ...

Warburg Pincus to Expand in Vietnam Investing in Local Hospital Group

US private equity firm Warburg Pincus has confirmed its investment in Xuyen A, a private tertiary general hospital group based in Vietnam. Warburg Pincus’ investment in Xuyen ...

Vietnam Calls for Investment for Water Supply and Drainage Projects

Experts estimate that Vietnam will need to invest USD 20-30 billion in water supply and drainage to ensure universal access to clean water. The Ministry of Natural Resources ...

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