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
Singapore and UK Partner with USD 94 Million Pledge to Drive Clean Energy Transition
Singapore and the United Kingdom have announced a collaboration to support clean energy transition and sustainable infrastructure development across Southeast Asia. During ...
Singapore’s New Direct MRT Link to Connect Changi Airport Terminal 5 with City Centre
Singapore’s Land Transport Authority has announced plans to expand the rail network to create a direct link between Changi Airport and the city centre. This includes ...
Singapore and Indonesia Strengthen Defense Ties with Joint Military and Cyber Defense Cooperation
Singapore and Indonesia have agreed to strengthen their defense cooperation through joint military exercises across land, sea, and air operations. The initiative is aimed at ...
Singapore and EFTA Conclude Digital Economy Agreement to Facilitate Data Flows and Boost Digital Trade
Singapore and the European Free Trade Association (EFTA) have finalized the EFTA-Singapore Digital Economy Agreement (ESDEA), aiming to facilitate seamless data flows and ...
Revolut Launches Global Tech Hub in Manila
UK-based fintech firm Revolut has opened a new Global Tech Hub in Manila to strengthen its global operations and accelerate innovation. The facility, launched on July 9, ...
7-Eleven Targets 5,000 Philippine Stores by 2026
Philippine Seven Corp. (PSC), the exclusive licensor of 7-Eleven in the Philippines, expects to surpass 5,000 stores by 2026, driven by aggressive expansion in the Visayas ...
Fujifilm to Remanufacture Printers in the Philippines
Fujifilm Business Innovation Japan is expanding its sustainability efforts by establishing a Circular Manufacturing Center (CMC) at its Laguna factory in the Philippines. The ...
V-Green, GSM Philippines, and Meralco Partner to Expand EV Infrastructure
V-Green Global Charging Station Development Corp. (V-Green), a green infrastructure provider and exclusive charging partner of VinFast in Vietnam, and Green and Smart ...
US Healthcare Firm Plans Up to USD 500M Expansion in the Philippines
Ohio-based Bon Secours Mercy Health (BSMH) announced plans to invest up to USD 500 million to expand its operations in the Philippines, including the development of a ...
Canada Grants PHP 1B to Support Climate Action in the Philippines
The Government of Canada has committed over PHP 1 billion (USD 22 million) in grant financing to strengthen climate adaptation and disaster resilience in the Philippines. The ...
ShinFox Energy, ComClark Partner on Green ICT Infrastructure
Taiwan’s ShinFox Energy, a subsidiary of Foxlink Group, and Philippine telecom firm ComClark Network and Technology Corp. have signed a Joint Development Agreement to power ...
Toyota Group Updates the Philippine Economic Zone Authority (PEZA) on Performance, Industry Outlook
Toyota Motor Philippines (TMP) and its suppliers reported USD 1.2 billion in exports in 2024, accounting for 30% of the country’s OEM parts exports. Despite global trade ...
Philippines Accelerates Naval Base Upgrades Amid Security Concerns
The Philippine government is moving to strengthen its maritime defense by upgrading and expanding naval bases in strategic locations across the country. Defense Secretary ...
Philippines to Import More Agricultural Products
The Philippines is expected to increase agricultural imports over the next decade, as domestic production struggles to keep up with the demands of a growing economy and ...
Sabah Charts Green Future with Microalgae Biofuel and Bioplastics Initiative
Sabah is taking a significant step toward a green economy with an ambitious initiative to cultivate microalgae for biofuel, bioplastics, and other sustainable products. The ...
Malaysia Launches Hybrid Hydro Floating Solar and Green Hydrogen Hub to Lead Regional Energy
Malaysia marked a significant milestone in its energy transition roadmap with the launch of the Hybrid Hydro Floating Solar (HHFS) and Green Hydrogen Hub in Terengganu. The ...
Malaysia Secures USD 900 Million in Potential Investments During France Trade Mission
Malaysia’s trade and investment mission to France in July 2025 secured an estimated MYR 4 billion (USD 900 million) in potential investments and MYR 675 million (USD 152 ...
Türkiye and Malaysia Partner on Joint Production of EREN 4×4 Armored Vehicles
Turkish defense vehicle manufacturer Katmerciler has entered into a cooperation agreement with Malaysia’s Deftech to jointly manufacture and export the EREN 4×4 armored ...
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