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

US Specialists to Build Hyperscale Data Centers in the Philippines

Apr 2023 Philippines, ICT

The Presidential Communications Office (PCO) announced that there is an ongoing negotiation for US-based ENDEC Development Corp. and Diode Ventures, LLC to build hyperscale ...

Philippines Approves over USD 160 Billion Worth of Infrastructure Projects

Apr 2023 Philippines, Infrastructure

The National Economic and Development Authority (NEDA) announced that President Ferdinand R. Marcos Jr. has approved 194 high-impact infrastructure flagship projects (IFPs) ...

AGS Health Announces Expansion into the Philippines

Apr 2023 Philippines, Healthcare

US-based revenue cycle management solutions company AGS Health announced the launch of its operations in Manila, Philippines which will serve as a strategic growth partner to ...

Chief Economist Optimist on the Rebound of FDIs to the Philippines

Apr 2023 Philippines, Economy

Philippine-based universal bank Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort is optimistic about the rebound of foreign direct investments ...

German Specialty Chemicals Company Expands Capacity in Singapore

Apr 2023 Singapore, Agrifood, Manufacturing

German specialty chemicals company Evonik is expanding its capacity to produce MetAMINO® (DL-methionine) on Jurong Island, Singapore, by 40,000 metric tons to around 340,000 ...

Singapore Launches First Research Program for Costal Protection

Apr 2023 Singapore, Environment, Infrastructure

The Public Utilities Board (PUB) of Singapore has launched Singapore’s first research program dedicated to strengthening coastal protection and inland flood management ...

Albatroz Therapeutics Wins the First Amgen Golden Ticket in Singapore

Apr 2023 Singapore, Healthcare

Leading global biotechnology company Amgen and NSG BioLabs, Singapore’s largest and leading provider of biotech co-working laboratories and offices, recently ...

Singapore to Redevelop Kranji Water Reclamation Plant and NEWater Factory

Apr 2023 Singapore, Environment

Singapore consumes about 440 million gallons of water per day, and this will almost double by 2065. To meet the projected increase in used water, Singapore’s Public Utilities ...

Singapore Works with Bluenergy Solutions to Explore Hydrokinetic Energy

Apr 2023 Singapore, Energy

The Maritime and Port Authority of Singapore (MPA) is collaborating with marine renewable energy solution provider Bluenergy Solutions, to launch a Proof of Value (POV) ...

Singapore’s ST Engineering to Build Six Multi-Role Combat Vessels

Apr 2023 Singapore, Defense/Aerospace

Singapore Technologies Engineering Ltd (ST Engineering) recently announced that its subsidiary, ST Engineering Marine Ltd., has been awarded a contract by the Ministry of ...

Indonesia Partners with Global Energy Alliance for Energy Transition Plans

Apr 2023 Indonesia, Energy

The Global Energy Alliance for People and Planet (GEAPP) has partnered with the Indonesian Ministry of Energy and Mineral Resources to hasten the country's net-zero emissions ...

Indonesian Air Force to Upgrade Air Defense Radar Technology

Apr 2023 Indonesia, Defense/Aerospace

To enhance its air defenses, the Indonesian Air Force, or TNI AU, has decided to replace its outdated radars. The Chief of Staff of the Air Force revealed that the Air Force ...

Indonesia Approves GMO Drought-Tolerant Wheat from Argentina

Apr 2023 Indonesia, Agrifood

The Indonesian government has granted authorization for genetically modified organisms (GMO) wheat for human consumption, including Bioceres Crop Solutions Corp's HB4 wheat. ...

SK Plasma to Invest USD 250 Million for Blood Products Manufacturing Facility in Indonesia

Apr 2023 Indonesia, Healthcare

SK Plasma, a subsidiary of SK Discovery, has announced plans to construct a blood products plant in Indonesia worth USD 250 million. The Indonesian Health Ministry has ...

NeutraDC, NAVER Cloud, and Cisco to Accelerate Cloud Technology Adoption in Indonesia

Apr 2023 Indonesia, ICT

NeutraDC, a brand under PT Telkom Data Ekosistem, has announced its partnership with NAVER Cloud and Cisco to provide advanced cloud services and solutions to Indonesian ...

AEON to Undergo Massive Stores Expansion in Indonesia

Apr 2023 Indonesia, Retail/FMCG

The President Director of PT AEON Indonesia, Takahiro Osugi, recently announced that the Japanese retail chain is planning to expand its presence in Indonesia by opening at ...

LONGi Signs Agreement as Framework Supplier for Renewable Energy in Singapore and Indonesia

Apr 2023 Indonesia, Singapore, Energy, Environment

During a recent leadership retreat, Indonesia's Coordinating Minister for Maritime Affairs and Investment and Singapore's Senior Minister and Coordinating Minister for ...

Indonesia Enhances Economic Co-operation with Norway and Switzerland

Apr 2023 Indonesia, Economy

The Indonesian and Norwegian governments have agreed to strengthen economic cooperation by focusing on implementing digital trade and addressing Indonesia's halal ...

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