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

US-based Tyson Foods Buys 49% Stake of MFM’s Poultry Business for MYR 420 million

US company Tyson Foods, Inc. has announced that it will acquire a 49% stake in the poultry segment of Malaysian food manufacturing company, Malayan Flour Mills Bhd ...

Taco Bell Opens its First Restaurant in Jakarta

Taco Bell – the world-renowned Mexican-inspired quick service restaurant (QSR) – officially opened its doors to the public in Indonesia on December 18, 2020, with the opening ...

Trade Agency Encourages US Firms to Invest in Electronics Manufacturing in the Philippines

During an electronics manufacturing services (EMS) webinar organized by the Philippine Trade and Investment Center, the Department of Trade and Industry (DTI) Secretary Ramon ...

San Miguel Gets 50-Year Franchise for Airport City Project in Bulacan as Bill Lapses into Law

San Miguel Corporation’s (SMC) subsidiary, San Miguel Aerocity Inc (SMAI), was granted a 50-year franchise to build, operate and maintain a domestic and international airport ...

Philippines Plans Start of Covid-19 Vaccine Rollout by End-February 2021

The Philippines government is planning to start the vaccination against COVID-19 for Filipinos by the third or fourth week of February. According to the country’s vaccine czar

Philippine Congress Encouraged to Pass Key Economic Bills

The Department of Trade and Industry (DTI) has called on the bicameral Congress to urgently sign the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, a ...

Globe Telecom Expands 4G Infrastructure to Improve Connectivity

Globe Telecom Inc. is set to discard its old 3G infrastructure completely and will now be increasing its fourth-generation (4G) long-term evolution (LTE) frequencies in the ...

DOE Partners with USAID to Boost Investments in the Philippine Energy Sector

The Department of Energy (DOE) and the United States Agency for International Development (USAID) have partnered to increase private investments in advanced energy technology ...

Bidding Prequalification for USD 208 million International Container Port in Cebu Begins

The Philippine Department of Transportation (DOTr) has begun inviting potential bidders to join the prequalification process for the civil works contract of the PHP 10 billion

Acer Philippines Opens First Flagship Store

Consumer electronics company Acer opened its first-ever flagship store in the Philippines at the SM Megamall Cyberzone in January 15, 2021. As Acer’s largest store in the ...

Singapore Halal Authority Provides Guidelines to Support Local Halal Food Exporters

Majlis Ugama Islam Singapura, or MUIS, the sole authority on issuing and regulating certifications for local halal F&B products in Singapore, has highlighted the need for ...

Nestlé Investing USD 150 Million to Expand Production in Thailand

To serve the rising demands and penetrate the e-commerce market, Nestlé has announced its investment strategy for long-term growth, investing over THB 4.5 billion (USD 150 ...

Nestlé Indonesia Partners with American Innovation Platform Plug and Play

Nestlé Indonesia has signed a partnership agreement with Plug and Play, a global innovation platform headquartered in Silicon Valley. Through the partnership, Nestlé will be ...

Malaysia’s FGV Dairy Farm Increases Daily Fresh Milk Production to 30,000 Liters with New Factory

FGV Dairy Farm Sdn Bhd, a subsidiary of plantation conglomerate FGV Holdings, is expanding its milk production capacity through an integrated dairy farm and an increase in the

Aeon to Set Up 20 Mega Supermarkets in Vietnam by 2025

Japanese retail group AEON is set to invest USD 2 billion in Vietnam. Iwamura Yasutsugu, Aeon Mall Vietnam Director General, told local media that the company plans to use the

Roche and Bayer Countering Non Communicable Diseases in Vietnam

The Vietnam Medical Association (VMA) and biotech company Roche Vietnam recently signed a strategic partnership aiming to increase the rate of early breast cancer detection ...

Key Alliance to Acquire 30% of Tree Med for USD 3.4 Million

Key Alliance Group Bhd (KAG), a Malaysian company specializing in ICT services and IT infrastructure solutions has announced its plan to invest MYR 14 million (USD 3.4 ...

Indonesian Conglomerate Lippo Bets on Telehealth for Growth

Indonesian Conglomerate Lippo Group has announced its plans for an overhaul of its mHealth service as a key engine of growth for 2021. Lippo Group is the owner of Siloam ...

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