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

Malaysia’s Retail Sector to Grow by 6.3% in 2022

Apr 2022 Malaysia, Retail/FMCG

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

Apr 2022 Indonesia, ICT

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

Apr 2022 Philippines, ICT

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

Apr 2022 Singapore, Defense/Aerospace

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

Apr 2022 Malaysia, Infrastructure

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 ...

GIZ and Decathlon to Make Vietnam’s Garment and Textile Production Greener

Apr 2022 Vietnam, Environment, Manufacturing

Vietnam's garment and textile industry is striving for the implementation of green production to reduce emissions in response to the Vietnamese government's commitment made ...

Dutch Sustainable Aquaculture Fund Opens Its 1st Overseas Office in Thailand

Apr 2022 Thailand, Agrifood

Dutch company Aqua-Spark, a sustainable aquaculture-focused investment fund, has announced the opening of an office in Bangkok, Thailand, the first outside the Netherlands. ...

Construction of 3 Climate-resilient Bridges in Metro Manila Set to Start Soon

Apr 2022 Philippines, Infrastructure

The Philippine government is set to start the construction of three climate-resilient bridges that are designed to decongest Metro Manila’s traffic-heavy areas - the Marcos ...

Cashless Society Possible in the Philippines Within a Decade

Apr 2022 Philippines, Retail/FMCG

New research from global giant payments, Visa, suggested that a fully cashless Philippine society may be possible in less than a decade. This is because more Filipinos are ...

Black & Veatch to Partner with The Green Solutions to Promote Green Energy Production

Apr 2022 Vietnam, Energy

Black & Veatch and The Green Solutions (TGS) have signed a Memorandum of Understanding (MoU) to advance the production and supply of green hydrogen and green ammonia in ...

A B2C e-Grocery Platform to Benefit Indonesian Farmers

Apr 2022 Indonesia, Agrifood

Farmers across Indonesia stand to benefit from higher income and better access to a market already worth USD 120 billion a year following a successful round of fundraising ...

Kalera Builds First Phase of a Vertical Mega-Farm in Singapore

Apr 2022 Singapore, Agrifood

Kalera, a leader in sustainable indoor vertical farming, has finalized phase one of the construction at the Changi Logistics Centre with the completion of the core structure ...

Fujifilm to Help Establish Malaysia’s First Endoscopy Training Centre

Apr 2022 Malaysia, Healthcare

Fujifilm Malaysia, a subsidiary of Japan’s leading camera and photography company, Fujifilm Corporation, has partnered with the University of Malaya Medical Centre (UMMC) to ...

Dyson to Invest USD 1.1 Billion in Singapore over 4 Years

Apr 2022 Singapore, Manufacturing

In 2020, global tech and household appliances company Dyson first announced its USD 3.6 billion global investment plan, which would see its investment funds divided between ...

Austrian Company Builds World’s Largest Lyocell Plant in Thailand

Apr 2022 Thailand, Manufacturing

Austria's Lenzing Group, a leading supplier of wood-based specialty fibers, has just announced the successful completion of its key lyocell expansion project in Thailand. The ...

American Healthcare Provider, Optum, Expands in the Philippines with New Offerings

Apr 2022 Philippines, Healthcare

Optum Global Solutions Philippines, an American healthcare services and innovation company and a subsidiary of UnitedHealth Group, is celebrating its tenth year of operations ...

5 MW Battery Energy Storage System Pilot Project Launched in Indonesia

Apr 2022 Indonesia, Energy

The Indonesian state-owned utility PLN has signed a memorandum of understanding (MOU) with the Indonesia Battery Corporation (IBC) to build a 5 MW battery energy storage ...

Economic Recovery of Indonesia to Continue in 2022 as Manufacturing Expands

Mar 2022 Indonesia, Economy

Economic recovery in Indonesia is expected to continue in 2022 because of the growth in investment and the continued strength of exports, according to UOB. UOB forecasts that ...

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