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

Central Group Makes USD 200 Million Investment in Ride-Hailing App Grab

Thai retail conglomerate, Central Group announced an investment of USD 200 million into Grab Holdings Inc. (Grab), South East Asia's leading ride-hailing platform, giving the ...

Trial Project Takes Singapore Closer to Energy Self-Sufficiency in Used Water Treatment

Singapore’s National Water Agency, PUB, and the country's National Environment Agency (NEA) completed a two-year trial started in December 2016 to co-digest food waste and ...

Swiss Flavor and Fragrance Manufacturer Opens New Facility in Singapore

On 14 February 2019, Givaudan opened its newest fragrance encapsulation center in Singapore. The Swiss company is the world leader in manufacturing of flavors and fragrances, ...

Singapore Government Announces New Funding and Programs to Build Enterprise Capabilities

In its 2019 budget, the Singapore government announced several initiatives to continue building enterprise capabilities. It is allocating an additional SGD 100 million (USD 74

Singapore Expands Healthcare Subsidies for Elderly

The Singapore government is expanding healthcare support for elderly born between 1950 and 1959, dubbed the Merdeka Generation (MG) or those who were born prior to 1950 but ...

Singapore Developing Cybersecurity Roadmap for Telecom Sector

A Telecom Cybersecurity Strategic Committee (TCSC), comprising international cybersecurity experts and representatives from the government and Singapore’s telecom operators ...

Singapore Airlines Launches Digital Innovation Lab

On 29 January 2019, Singapore Airlines launched its new digital innovation lab, called KrisLab, in line with the Airline’s Digital Innovation Blueprint which was launched in ...

Sembcorp and Singapore Polytechnic Seek to Commercialize Technology for Recycling Solar Panels

Singapore-based utilities, marine and urban development group, Sembcorp Industries (Sembcorp), has entered into a partnership with Singapore Polytechnic (SP) to commercialize ...

Luxury Shopping Destination in Singapore Sees Record Revenues in 2018

The Shoppes at Marina Bay Sands witnessed its most successful year ever in 2018, with revenues of USD 179 million, a 7% rise from 2017. Retail tenant sales at The Shoppes, ...

EU-Singapore Free Trade Agreement Approved by European Parliament

The European Parliament approved the EU-Singapore Free Trade Agreement (EUSFTA) and EU Singapore Investment Protection Agreement (EUSIPA) in a vote on 13 February 2019 in ...

Sustained Public Sector Demand to Support Construction in Singapore for 2019

The Building and Construction Authority (BCA) of Singapore is projecting that the total construction demand (value of construction contracts to be awarded) in 2019 will range ...

Universal Health Care Act Signed into Law in the Philippines

The President of the Philippines, Rodrigo R. Duterte, signed the Universal Health Care (UHC) Act into law which will automatically enroll all Filipinos under the government’s ...

Shell Starts Production at First Bitumen Blending Facility in the Philippines

The production of the first batch of bitumen was completed at a new bitumen blending facility owned by Pilipinas Shell Petroleum Corporation, the local Energy subsidiary of ...

Puregold to Open 25 New Stores in 2019 Backed by Strong Consumer Spending

The Philippines’ second largest retailer, Puregold Price Club Inc, announced that it will open 25 new outlets as part of its expansion plan. It will use proceeds of its ...

Philippines’ National Broadband Plan Receives Funding from USTDA

The U.S. Trade and Development Agency (USTDA) has granted the Department of Information and Communications Technology (DICT) PHP 23.8 million (USD 460,000) in financial ...

Philippines Department of Energy Plans to Standardize E-Vehicle Charging Stations

The Department of Energy (DOE) of the Philippines is drafting a regulatory framework that aims to standardize charging stations in support of the country’s electric vehicle ...

Japan’s ANA Holdings Purchases Stake in Philippine Flag Carrier

ANA HOLDINGS INC. (ANA HD), parent of All Nippon Airways (ANA), Japan's largest airline, will invest USD 95 Million in PAL Holdings Inc. (PAL Holdings) and acquire 9.5% of PAL

Environmental Groups Pushing for Decentralized Waste Management

The Zero Waste Cities Project Dumaguete and other Environmental groups are actively pushing and presenting ideas for waste management systems at barangay level, which is the ...

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