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

GUUD Trade Platform Launched by vCargo Cloud to Simplify Global Trade Processes

vCargo Cloud Pte Ltd, a Singapore-based ICT company founded in 2013, has launched a technology platform called GUUD, created to simplify trade processes and thus improve ...

Da Nang City Targets One Million Roof Top Solar Power Homes

The Da Nang Department of Industry and Trade has launched a pilot project for the development of a million roof-top solar power homes. This project, jointly developed with ...

Cosmose AI and ADA to Expand Connected Retail Technology in South East Asia

Cosmose AI, a Shanghai-based developer of data analytics platform predicting offline purchase behavior, has formed a strategic partnership with Axiata Group unit ADA, a data ...

Construction of Malolos-Clark Railway Project to Start End of 2020

The construction of the Malolos-Clark portion of the North-South Commuter Railway (NSCR) will soon start following the signing of three civil works contracts amounting to PHP ...

Companies Join Hands for Transit-Oriented Developments in Indonesia

Sinar Mas Land and Mitbana (a joint venture fund management company of Mitsubishi and Surbana Jurong) have entered into a strategic partnership to build transit-oriented ...

BPPT Collaborates with Huawei to Develop 5G, AI and Cloud Technologies

BPPT, the Indonesian Agency for the Assessment and Application of Technology, recently signed an MoU with Huawei to strengthen Indonesia’s talent and infrastructure in the ...

AQI Participates in Vietnam’s Bespoke Lifestyle Industries

Aquarius International Development (AQI), a company specializing in high-end travel experiences and owned by the Norcal Venture Capital Group, will invest USD 250 million ...

Amdocs to Provide Privacy Solutions to AIA Thailand

Multinational software provider to communications and media companies Amdocs announced that it will implement its Amdocs DataOne privacy solution for AIA Thailand, which is a ...

Alternative Fundraising Channels Raise Over MYR 1 Billion

The Securities Commission Malaysia (SC), a statutory body regulating the capital market in the country, has reported that more than 2,500 micro, small and medium enterprises ...

Airlines See Clearer Skies as More Travel Restrictions Lifted

Philippine Airlines (PAL), Cebu Pacific, and AirAsia Philippines welcomed the lifting of restriction on non-essential travel abroad by the Philippines government effective ...

Thailand Appoints CAA to Draft New Drone Regulations

CAA International (CAAi), the technical cooperation arm of the UK Civil Aviation Authority, has been appointed by the Civil Aviation Authority of Thailand (CAAT) to draft new ...

Mondelez to Grow its Biscuit Business in the Philippines

Mondelez Philippines announced that it is expanding its snack products portfolio by entering the fast-growing and high-penetration cracker segment of the biscuits category in ...

Offshore Gas Pipeline Design Contract Awarded to McDermott

American offshore engineering, construction, and services provider McDermott has won a contract from Delta Offshore Energy to provide front-end engineering design (FEED) ...

Thales Alenia Space Signs Work Agreement for Indonesian Telecommunications Satellite

Satelit Nusantara Tiga (Satria), an Indonesian satellite provider and Thales Alenia Space, a French-Italian aerospace manufacturer, have signed a Preliminary Work Agreement ...

Japan to Export Defense Radar System to the Philippines

The Philippine Department of National Defense (DND) formally signed a contract to purchase an air surveillance radar system from Japan’s Mitsubishi Electric Corp. ...

Sumitomo Investing in New Wire Harness Factory in the Philippines

Sumitomo Wiring Systems, Ltd., a subsidiary of Japan's Sumitomo Electric, is investing in a wiring harness manufacturing facility in Pangasinan that would generate 10,000 ...

Infrastructure Investments to Aid in Philippine Economic Recovery

The Philippine government is pushing infrastructure development under the administration's flagship "Build, Build, Build" program to help the country's economy recover from ...

Nestle Philippines Partners with Cement Manufacturer for Waste Management

Nestle Philippines and cement manufacturer, CEMEX Holdings Philippines, inked a partnership agreement to divert plastic waste laminates away from landfills in Cebu province ...

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