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
French Government Eager to Supply Assets for Philippines’ First Submarine Force
France has once again reiterated its keen interest to work with the Philippine government in strengthening the country’s maritime capabilities. The two governments have ...
SAP Launches Digital Innovation Hub to Spearhead Next Generation Engineering
In March 2022, German multinational software company SAP announced that it had launched SAP Labs Singapore, a digital innovation hub that is expected to help drive product ...
Malaysia to Construct its First Smart Cocoa Plantation Plan
Malaysian Cocoa Board (MCB), the federal statutory agency responsible for the cocoa industry, is collaborating with several partners to build the first smart cocoa plantation ...
Japanese Government Collaborates with the Philippines to Promote Proper Waste Disposal
Amid the COVID-19 pandemic threats to public health and the environment, the National Solid Waste Management Commission (NSWMC) and the Japanese government are working ...
Indonesia to Acquire French Scorpene-Class Submarines
The Indonesian Navy plans to acquire French Scorpene-class submarines, which are jointly built by French shipbuilder Naval Group and Spain’s Navantia, and feature a modular ...
Medtecs Eyes USD 2-B Worth Industrial Town Project
Medtecs International, the world’s leading provider and distributor of personal protective equipment (PPE), is in talks with the government to put up a nearly USD 2-billion ...
MOU to Boost Indonesia and Switzerland Investments Cooperation
Switzerland, the 10th largest foreign investor in Indonesia in 2021, with an investment value of USD 599.8 million via 281 projects, has signed a three-year memorandum of ...
SIT Punggol to Build Largest Private Microgrid in Singapore
The Singapore Institute of Technology (SIT) has announced that the Singapore Power Group (SP) plans to invest up to an additional USD 6 million to enhance the microgrid it ...
Vietnam’s Race to Open Cold Storage Systems
Investments in cold storage facilities in Vietnam have begun to take off in recent years as a result of rising demand. According to Savills, a global services firm ...
Thailand Relaxes Tax Rules for Digital Assets
Thailand has just relaxed tax rules for investments in digital assets. The bid to promote the industry follows a rapid growth in cryptocurrency trading in Southeast Asia's ...
Meralco Allots USD 2.9 Billion for CAPEX in the Next Four Years
Manila Electric Co. (Meralco) is allotting PHP 149.66 billion (USD 2.9 billion) for its capital expenditure (capex) program in the next four years. On a per year basis, ...
SAF to launch Digital and Intelligence Defense as its Fourth Service to Deal with New Threats
The Singapore Armed Forces (SAF) has announced that it plans to launch the Digital & Intelligence Defense as a fourth service by the last quarter of this year to more ...
Next Phase of Vietnam’s Largest International Airport
The next construction phase for Long Thanh International Airport commenced at the end of March 2022. Contractors moved on to the passenger terminal after more than a month of ...
Malaysia’s Retail Sector to Grow by 6.3% in 2022
Malaysia's retail market is predicted to rise by 6.3% in 2022, following the opening of the border on April 1 as part of efforts to restore the country's economy. Major ...
Bluebird Group Implements BlackBerry Cybersecurity Solutions
Bluebird (Bluebird Group), Indonesia's leading taxi operator, is deploying BlackBerry's AI-enabled cybersecurity software and managed Extended Detection and Response (XDR) ...
Elon Musk’s SpaceX to Launch Starlink in the Philippines
Space Exploration Technologies Corp. (SpaceX), the aerospace company of billionaire Elon Musk, will soon be operating in the Philippines and is set to bring high-speed ...
SAF Establishes 4th Service to Defend Singapore’s Digital Domain
The Singapore Armed Forces (SAF) will be setting up a Digital and Intelligence Service (DIS) to strengthen Singapore’s defense against threats in the digital sphere. The ...
Malacca State to Build Undersea Tunnel to Indonesia
The Chief Minister of Malacca State Government, Sulaiman Md Ali, has revealed that the state government intends to build an undersea tunnel for a rail system network to ...
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