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

New 4.8 MW Waste-To-Energy Plant Starts Operations in Thailand

A new waste-to-Energy plant in Thailand, with an installed capacity of 4.8 MW, started commercial operations in December 2019. The facility generates Energy from industrial ...

BOI Thailand Approves Four Large-Scale Industrial Projects Worth 30 Billion Baht

The Board of Investment (BOI) of Thailand approved four large-scale industrial projects in December 2019, with a total investment of THB 30.17 billion (USD 997 million). The ...

Upgraded Trade Agreement between New Zealand and Singapore Comes into Effect

An upgraded Agreement between New Zealand and Singapore on a Closer Economic Partnership (ANZSCEP) entered into force on 1 January 2020. The ANZSCEP, which entered into force ...

Tessa Therapeutics to Open Commercial-Scale Cell Therapy Manufacturing Facility in Singapore in 2020

In December 2019, Tessa Therapeutics (Tessa), a Singapore-based clinical-stage cell therapy company focused on the development of innovative cell therapies to treat ...

Singapore Introducing New Energy Efficiency Requirements for Industrial Cooling Systems

The National Environment Agency (NEA) of Singapore announced in December 2019 that water-cooled chilled water systems in industrial facilities must conform to minimum energy ...

Public Sector Demand to Sustain Construction Demand in Singapore During 2020

The Building and Construction Authority (BCA) of Singapore has released its projections for 2020. The agency projects total construction demand (value of construction ...

Pavilion Energy and Total to Jointly Develop LNG Bunker Supply Chain in Singapore Port

Pavilion Energy Singapore and Total Marine Fuels Global Solutions (TMFGS) signed a 10-year agreement on 26 December 2019 to jointly develop an LNG bunker supply chain in the ...

New Solar Deployment Target for Singapore: 2 GWp by 2030

Speaking at the Singapore International Energy Week (SIEW) 2019 on 29 October, Singapore's Minister for Trade & Industry Chan Chun Sing announced that the city state is ...

New Initiative to Help Singapore Retailers Build Future Ready Workforce

In December 2020, the Singapore government launched a new initiative called the Job Redesign Place and Train Program for Retail Industry to help retailers build a ...

Mandatory Registration of Unmanned Aircraft in Singapore from January 2020

The Civil Aviation Authority of Singapore (CAAS) is implementing mandatory registration for Unmanned Aircraft (UA) from 2 January 2020. Any UA including radio-controlled ...

F&N Foods Building New SGD 80 Million Manufacturing Facility in Singapore

In December 2019, Singapore-based F&N (Fraser and Neave) Foods celebrated the groundbreaking of a new food & beverage manufacturing facility in Singapore. Listed on ...

21 Applications Received for Singapore’s Digital Banking Licenses

Applications for Singapore's digital bank licenses closed on 31 December, 2019. The Monetary Authority of Singapore (MAS) announced in June 2019 that it will issue up to five ...

Telemedicine Program Launched by Department of Health in CALABARZON Region

The Department of Health (DOH) in the CALABARZON Region (covering the provinces of Cavite, Laguna, Batangas, Rizal, Quezon) has rolled out a telemedicine program, in ...

Regulator Approves First Digital-Only Bank in the Philippines

The Central Bank of the Philippines (BSP) has granted a banking license to TONIK Digital Bank (TONIK), the local subsidiary of Singapore-based fintech start-up, TONIK ...

Philippines Evaluating Swedish and US Planes for Multi-Role Fighter

The Department of National Defense (DND) announced that the Philippine Air Force (PAF) is evaluating 2 aircraft types for its multi-role fighter (MRF) project. One of the ...

Philippines Aims for Garments and Textile Industry Revival

The Philippine government recently rolled out a Garments and Textile Industry Roadmap with the aim of jumpstarting the industry's resurgence and gain back its reputation as a ...

Philippine Economic Zone Authority Pursues 10% Investment Growth in 2020

The Philippine Economic Zone Authority (PEZA) seeks to recover from a decline as the agency is targeting to expand its registered investments from 5 to 10% during 2020. The ...

Nearly PHP 4 Billion Worth of Tourism Infra Projects Approved in the Philippines

The Tourism Infrastructure and Enterprise Zone Authority (TIEZA) Board in the Philippines recently approved almost PHP 4 billion (USD 79 million) worth of tourism ...

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