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

LYS Energy Group Receives USD 14 Million Green Loan from UOB

LYS Energy Group (LYS), a Singaporean solar independent power producer (IPP), has received a USD 14 million loan from United Overseas Bank (UOB). The credit is issued under ...

Hyundai Motor to Open Mobility Global Innovation Center in Singapore

In March 2020, Hyundai Motor Company announced plans to establish a Hyundai Mobility Global Innovation Center in Singapore (HMGIC), with support from the Singapore Economic ...

Enterprise Singapore Announces Support Package to Help SME Retailers Sell Online

Enterprise Singapore (ESG), the government agency which supports enterprise development, has launched a support package to help SME retailers, who have little or no ...

BEUMER Group to Upgrade Changi Airport’s Baggage Handling System

The German BEUMER Group, a global leader in the design and manufacture of intralogistics systems, has been awarded a contract to upgrade the Baggage Handling System (BHS) at ...

Various Telemedicine Facilities Launched to Control COVID-19 Infections

In early April 2020, the Department of Health (DOH) and the National Privacy Commission (NPC) in the Philippines developed a framework for telemedicine services in a bid to ...

Ride Hailing Platforms Launching Grocery Delivery Service in the Philippines

Grab, the leading ride-hailing platform in South East Asia which also offers food delivery and digital payment services, officially launched its on-demand grocery delivery ...

Philippines Providing Incentives for Importers and Manufacturers Amid Covid-19 Outbreak

The Philippine government has passed Republic Act No. 11469 or the Bayanihan to Heal As One Act, in order to facilitate the flow of essential goods as the country is put into ...

Philippines Focusing on Independent Medical Manufacturing in Response to COVID-19

As worldwide supplies of Medical items needed to beat COVID-19 has become scant, the Philippine government is helping local companies and scientists set up an "independent" ...

Philippine Military Considering Russian Helicopters for Purchase

A Philippines defense delegation consisting of representatives from the Department of National Defense (DND) and Armed Forces for the Philippines (AFP) visited Russia to ...

Holcim to Use More Waste as Fuel for Cement Production

Holcim Philippines, Inc plans to further increase its consumption of qualified and properly segregated and pre-processed waste as alternative fuels and raw materials to ...

First Offshore Wind Energy Projects to be Developed in the Philippines

A consortium of Filipino, Swiss and German Energy companies was given the green light by the Philippines’ Department of Energy (DOE) to study and develop the country’s first ...

DOST Philippines Funds Production of AI-Enabled Thermal Scanners

The Department of Science and Technology – Philippine Council for Industry, Energy, and Emerging Technology Research and Development (DOST-PCIEERD) has allotted PHP 561,000 ...

Construction of Big-ticket Infrastructure Projects to Resume Under Modified Quarantine

The Department of Public Works and Highways (DPWH) in the Philippines is preparing plans to “fast-track” the resumption of projects under its Infrastructure pipeline that had ...

US-based CommScope Appoints Fortesys as Local Distributor for Ruckus in Malaysia

US-based global network Infrastructure provider, CommScope Inc has appointed Fortesys Distribution Sdn Bhd as the authorized distributor in Malaysia for its Ruckus range of ...

Royal Pahang Durian Group to Open Largest Processing Facility in Malaysia

Royal Pahang Durian Group (RPD Group) has entered into a shareholders’ agreement with Perbadanan Kemajuan Pertanian Negeri Pahang (PKPP), Pahang’s state-owned agriculture ...

Nippon Express Sets up New Center in Malaysia to Meet Halal Logistics Needs

Nippon Express (Malaysia) Sdn Bhd, the local subsidiary of Nippon Express Co, Ltd, a Japanese global logistics company, has completed the construction of its new logistics ...

MOH Introduces Online Health Service Initiatives to Encourage Social Distancing

In April 2020, the Malaysian Ministry of Health (MOH) signed a Memorandum of Understanding with several online health services companies for its “Online Appointment” and ...

MDEC, KK Fund to Establish Virtual Investor-Matching Platform for Local Tech Startups

The Malaysia Digital Economy Corporation (MDEC) and Singapore-based KK Fund Pte Ltd have recently launched a virtual investor-matching initiative called ‘Meet Your Match ...

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