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

Singapore and International Hydrographic Organization (IHO) Launch Innovation and Technology Laboratory

Singapore and the 95-member International Hydrographic Organisation (IHO) have launched the Joint IHO-Singapore Innovation and Technology Laboratory, a first-of-its-kind ...

Siltronic Invests SGD 3 billion in New Facility at JTC’s Tampines Wafer Fab Park

Siltronic, a Munich-based silicon wafer manufacturer, has partnered with the Singapore Economic Development Board (EDB) and invested SGD 3 billion (USD 2.2 billion) in its ...

Qlik Launches Cloud Region in Singapore

Qlik, a business data and analytics software-as-a-service (SaaS) provider, announced the launch of its new cloud region in Singapore. This represents the company's fourth ...

Philippine Navy Receives 3 SAM Missiles for Two Naval Frigates

The Armed Forces of the Philippines (AFP), particularly the Philippine Navy (PN), has received a huge boost to defend against aerial threats, with the delivery of the Mistral ...

New US-Singapore Partnership for Growth and Innovation MoU

Singapore and the US signed an MoU to implement the US-Singapore Partnership for Growth and Innovation, aimed at strengthening ties on trade and investment between the two ...

New Partnership for Digital Logistics Solutions in Indonesia

Local logistic player GL Terminal and PT GUUD Logistics Indonesia (operating under the brand “Clickargo”, a subsidiary of Singapore's GUUD Pte Ltd) have announced the launch ...

New Collaborations to Accelerate the Development of Malaysia’s EV Charging Infrastructure

Yinson Green Technologies (M) Sdn Bhd has signed a term sheet with GreenTech Malaysia Alliances Sdn Bhd (GTMA), a subsidiary of the Malaysian Green Technology and Climate ...

mu Space Opens New Satellite and Space Factory in Thailand

Aerospace manufacturer and satellite internet service provider mu Space Corp. has just displayed to the public its brand-new satellite, the mu-B200 and the opening of Factory ...

MDEC Launches 4IR Catalyst Grant for Local and Foreign Technology Companies

The 4IR Catalyst Grant (4ICG) has been announced by the Malaysia Digital Economy Corporation (MDEC), a government body responsible for promoting the digital economy. The ...

Malaysian Government to Accelerate Development of Electric Vehicle Technology

Malaysia's Ministry of Science, Technology, and Innovation (MOSTI) has launched The NanoMalaysia Energy Storage Technologies Initiative (NESTI) Program to support the ...

Malaysia Launches National Trade Blueprint (NTBp) to Bolster Trade Competitiveness

Malaysian Prime Minister Datuk Seri Ismail Sabri Yaakob has unveiled the National Trade Blueprint (NTBp), which aims to boost the country's competitiveness by enhancing the ...

Korean Company, EnPlus, is First Electric Vehicle Manufacturer in PEZA Ecozone

The Philippine Economic Zone Authority (PEZA) has signed a Memorandum of Understanding (MoU) with South Korean company, EnPlus Co Ltd. to help set up joint ventures to ...

Itochu Expands to Indonesian Industrial Park

Japan-headquartered Itochu Corporation has announced that it has acquired an additional 105 hectares of land for development in Karawang International Industrial City (KIIC), ...

Industrial Estate Authority of Thailand to Build USD 53 Million Industrial Estate

The Industrial Estate Authority of Thailand (IEAT) has just announced plans to build a new industrial estate Chachoengsao with a THB 1.76 billion (USD 53 million) budget to ...

Indonesia Unveils its Greenest Procurement Plan for the Power Sector

Indonesia has revealed the latest procurement plan, RUPTL 2021 – 30, created by the state utility Perusahaan Listrik Negara (PLN). It includes up to USD 35 billion for ...

Indonesia to Introduce New Tax Reforms

The Indonesian government has approved new tax measures aimed to boost 2022 revenues. The move aims to capitalize on increased spending demands following the contractions ...

Indonesia Establishes New Genomics Research Center

Indonesia´s National Research and Innovation Agency (BRIN) has established a genomics facility at the Cibinong Science Center (CSC), in West Java, that will be used for ...

IHI, Petronas, TNB Collaborate on Ammonia Co-Firing Technology for a Carbon-Free Ammonia Supply Chain

IHI Corporation, a Japan-based heavy-industry manufacturer, has signed an agreement with Malaysia's state-owned energy firm Petronas and the largest electricity utility in ...

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