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

DOE Endorses 40 Power Projects for Grid Integration, Majority from Renewable Energy

Jun 2025 Philippines, Energy

The Department of Energy (DOE) has endorsed 40 power projects for system impact studies (SIS) with the National Grid Corporation of the Philippines (NGCP) since January 2025, ...

Clark Development Corporation Partners with Incheon Free Economic Zone to Boost Manufacturing and BPO Growth

Jun 2025 Philippines, Economy

Clark Development Corporation (CDC) is strengthening ties with South Korea’s Incheon Free Economic Zone (IFEZ) to enhance the Clark Freeport’s competitiveness in ...

Philippines Signs USD 435M Deal with France’s OCEA for 40 Coast Guard Patrol Boats

Jun 2025 Philippines, Defense/Aerospace

In a major move to strengthen maritime security, the Philippine government has signed a EUR 400 million (USD 435 million) agreement with French shipbuilder OCEA for the ...

Alberta Eyes Southeast Asia to Expand Agri-Food Exports Amid U.S. Trade Uncertainty

Jun 2025 Philippines, Agrifood

Alberta, a province in western Canada known for its strong agriculture and energy sectors, is looking to diversify its international trade relationships as uncertainty grows ...

Sarawak Emerges as a Key Contributor to Malaysia’s Aquaculture Industry

Jun 2025 Malaysia, Agrifood

Sarawak has solidified its position as a key contributor to Malaysia’s aquaculture industry, aligning its growth with the National Agro-Food Policy, which aims to increase ...

Airbus Extends Satellite Support to Malaysia’s Armed Forces Through 2029

Jun 2025 Malaysia, Defense/Aerospace

Airbus Defence and Space has renewed its commitment to Malaysia’s defense communications infrastructure with the signing of a new contract that extends the Malaysian Armed ...

Malaysia and Singapore Digital Providers Partner to Enable Fully Digital Cross-Border Trade

Jun 2025 Malaysia, Economy

Malaysia-based digital services firm MYEG Services Bhd and Singapore’s STrade Data Exchange Service (SGTraDex) have formed a strategic alliance to facilitate secure, ...

Saudi Arabia’s ACWA Power to Invest Up to USD 10 Billion in Malaysia’s Renewable Energy Expansion

Jun 2025 Malaysia, Energy

ACWA Power, a publicly listed company in Saudi Arabia and the world’s largest privately owned water desalination provider, has signed a memorandum of understanding with the ...

Malaysia Launches First Mobile Hydrogen Refueling Station to Advance Clean Mobility Goals

Jun 2025 Malaysia, Energy, Environment

Malaysia has unveiled its first Mobile Hydrogen Refueling Station (MHRS), signaling a bold step forward in the country’s push for clean energy and hydrogen-based ...

Sunway Malls Sets Sights on Market Leadership with 10th Mall Launch in 2025

Jun 2025 Malaysia, Retail/FMCG

Sunway Malls, the retail division of Malaysian conglomerate Sunway Group, which operates across property, construction, healthcare, education, and hospitality, is on track to ...

German Food Tech Giant BAADER Establishes Regional Production Facility in Malaysia

Jun 2025 Malaysia, Manufacturing

Global food processing leader BAADER, a German multinational company, has officially inaugurated its first production facility in Asia, BAADER Food Systems Asia in Shah Alam, ...

Malaysia Unveils Southeast Asia’s First Sovereign AI Infrastructure

Jun 2025 Malaysia, Infrastructure

Malaysia has officially launched its Strategic Artificial Intelligence (AI) Infrastructure, becoming the first country in Southeast Asia to activate a sovereign, full-stack ...

Sarawak Deepens Amazon Web Services Collaboration to Position Itself as Regional Tech Hub

Jun 2025 Malaysia, ICT

Sarawak’s state tech training agency, The Centre for Technology Excellence Sarawak (CENTEXS), has strengthened its collaboration with Amazon Web Services (AWS) to drive ...

Malaysia’s Betamek Partners with SiGenex to Scale AI-Integrated Genetic Diagnostics

Jun 2025 Malaysia, Healthcare

Betamek Bhd, a Malaysian electronics manufacturing services (EMS) provider for the automotive industry, is expanding into the biotechnology sector through a strategic ...

Singapore Strengthens Global Trade Links with Pacific Alliance FTA and Landmark EU Digital Agreement

Jun 2025 Singapore, Economy

In May 2025, Singapore achieved two significant milestones in its international trade strategy with the activation of the Pacific Alliance–Singapore Free Trade Agreement ...

Singapore Navy to Deploy Unmanned Mine Countermeasure Fleet from 2027

Jun 2025 Singapore, Defense/Aerospace

The Republic of Singapore Navy (RSN) will begin deploying a new fleet of unmanned mine countermeasure (MCM) systems from 2027, as part of its ongoing efforts to modernize ...

Changi Airport Launches USD 3.5 Billion Terminal 5 Expansion with Major Construction Contracts

Jun 2025 Singapore, Infrastructure

Changi Airport Group has awarded two major construction contracts worth about SGD 4.75 billion (approximately USD 3.5 billion) for the development of Terminal 5 (T5), marking ...

Singapore Launches Government-Owned GasCo to Secure Stable, Affordable Natural Gas Supply for Power Sector

Jun 2025 Singapore, Energy

Singapore has launched Singapore GasCo, a fully government-owned entity established to centralise the procurement and supply of natural gas for the country’s power sector. ...

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