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
Local PPE Makers to Add USD 36 Million Investments
Member companies of the Confederation of Philippine Manufacturers of PPE (CPMP) are adding USD 36 million investments to ramp up their production of medical-grade personal ...
Grundfos Launches Solution to Support Flood, Wastewater Management in the Philippines
Grundfos Philippines launched its Prefabricated Pumping Stations (PPS) in the Philippines to help the country's increasing needs for flood and wastewater management. With the ...
Construction of USD 728 Million Malolos–Clark Railway Project to Start Soon
The Philippines’ Department of Transportation has recently signed two contracts worth around USD 728 million for the flagship Malolos–Clark Railway Project, which is financed ...
Citicore to Ramp Up Solar Projects in the Next Five Years
Citicore Renewable Energy Corporation (Citicore), a subsidiary of Philippine renewable energy company Citicore Power, targets to ramp up its solar farm developments for an ...
Century Pacific Food Extends Partnership with Regional Coconut Player
Century Pacific Food Inc (CNPF), one of the Philippines’ leading food companies, has recently signed a long-term contract as original equipment manufacturer (OEM) for the ...
SIRIM to Establish a Smart Manufacturing Digital Experience Centre
SIRIM, Malaysia’s national organization for standards and quality, is planning to set-up a Smart Manufacturing Experience Centre in 2021, as the country aims to be the ...
Packaging Manufacturer Can-One to Build Manufacturing Hub in Selangor
Packaging manufacturer Can-One Bhd is acquiring two freehold agricultural lands measuring 68 acres worth MYR 103.55 million (USD 24.7 million) in Klang, Selangor for its new ...
Malaysia to Manufacture the World’s First Halal Biosimilar
Malaysia is constructing the first commercial halal biosimilar production facility to be completed in 2024, which is primarily aimed at creating access to more affordable ...
Malaysian Government Introduces Seven Initiatives for Logistics and Shipping Players in Port Klang
Port Klang Authority (PKA), the government agency that regulates and owns Malaysia’s busiest port and the 12th largest container port in the world, Port of Klang, has ...
Hong Kong’s TOSC, Salcon Form JV to Distribute Smart Water Systems in Malaysia
Hong Kong’s The One Smart City Development Ltd (TOSC) via its subsidiary Wide Plus Smart City Sdn Bhd (WP), has signed a joint venture agreement with Malaysia’s leading water ...
Cloud Kitchen Grows as Demand Increases in Malaysia
Malaysia is currently seeing a growth of cloud kitchens to serve the increasing demand for food delivery services as the country registers increases in smartphone users, ...
Port of Rotterdam Signs MoU with Local Partners to Develop BioHub Industrial Port in Sarawak
Port of Rotterdam Authority (PoR) has signed a memorandum of understanding (MoU) with Malaysian partners - the National Innovation Agency of Malaysia (AIM), Regal Lands Sdn ...
Malaysian States Introduce Initiatives to Attract Investments Post-COVID19
Several states in Malaysia continue to introduce initiatives to attract domestic and foreign investments as the country remains to be among the preferred investment ...
Langkawi to Have New Malaysian Sea Surveillance System (MSSS)
The Malaysian government is installing a new Malaysian Sea Surveillance System (MSSS) worth MYR 100 million (USD 23 million) by this year to monitor the coastal waters ...
Wahyoo Receives Investment from Coca-Cola Amatil X
The venture capital platform Coca-Cola’s Amatil X has participated in Series A investment for Wahyoo, a Jakarta-based start-up that provides value added services to small ...
UOB Launches Digital Bank in Indonesia
UOB launched its digital bank, TMRW, in Indonesia to tap into the country’s digital generation. Customers can enjoy a fully digital banking experience, starting from the ...
Thorcon and Indonesia’s Defense Ministry to Develop Thorium Nuclear Reactor
Thorcon International Pte Ltd, a United States-based nuclear company, has partnered with the Indonesian Defense Ministry for a study to develop a 50 MW thorium molten salt ...
Siemens and Bentley to Develop Digital Twin for Petrochemical Company in Indonesia
Siemens and Bentley Systems plan to build the first petrochemical digital twin in Indonesia for Chandra Asri, Indonesia’s largest integrated petrochemical company, which has ...
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