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

SNC-Lavalin to Deliver High-Tech Manufacturing Facility in Malaysia

SNC-Lavalin Group Inc., a fully integrated professional services and project management company headquartered in Canada, has been commissioned by US-based firm DexCom Inc., a ...

Digital Health Apps Flourish in the Philippines Amid the Pandemic

Digital health platforms in the Philippines are expected to remain flourishing as the COVID-19 pandemic continues as evidenced by several apps reporting accelerated numbers ...

UMW Toyota Motor to Advance Local Manufacturing of Hybrid Electric Vehicles in Malaysia

UMW Toyota Motor Sdn Bhd (UMWT) recently announced its plan for local mass manufacturing of Hybrid Electric Vehicles (HEV) in Malaysia with an additional investment of MYR ...

South Korea’s KCC Glass to Open its First Overseas Factory in Indonesia

KCC Glass Corporation, a representative integrated glass company in Korea, has announced plans to establish a glass factory in Batang Industrial Park, Central Java, ...

Japanese Company Establishes Production Center for Carbon Fiber in Vietnam

In July 2021, Teijin Carbon Vietnam Co., Ltd (TCV) began commercial production of carbon fiber goods such as prepreg, a fiber sheet pre-impregnated with matrix resin as an ...

Japanese Bicycle-parts Maker Shimano Invests USD 179 Million in Jurong Plant

Singapore has attracted some USD 179 million in investment from Japanese bicycle-parts maker Shimano, with its upcoming plant in Jurong Innovation District (JID) expected to ...

Holcim Invests USD 4.2 million to Upgrade Cement Plants

Cement firm Holcim Philippines, Inc. is investing PHP 210 million (USD 4.2 million) in projects to reduce the fuel consumption and increase mineral additive usage of its ...

Dow to Expand Production of Propylene Glycol Capacity in Thailand

Dow, the global leading materials science company headquartered in the United States, has just announced a plan to expand its propylene glycol (PG) capacity at its existing ...

Review of Singapore’s Long-Term Land Use Needs

Singapore's Urban Redevelopment Authority (URA) has launched a year-long public engagement exercise for the Long-Term Plan Review (LTPR), as part of efforts to involve ...

Record Number of Bids Received for PNR Calamba Railway Project

The Philippine National Railways (PNR) Calamba project has received a “record number” of 34 bids from six local and 17 international companies to participate in the ...

Indonesia Aims for Over 5,000 km of Toll Roads by 2024

Indonesia's Ministry of Public Works and Public Housing (PUPR) has set a target of extending the length of Indonesia's toll roads to 5,103 kilometers from 2,386 km by ...

IFC to Provide Thailand’s First Sustainable Loan for Hydropower and Affordable Healthcare

The International Finance Corporation (IFC), the largest global development institution focused on the private sector in emerging markets, is expected to provide around USD ...

Ericsson Malaysia Appointed to Build 5G Infrastructure

Digital Nasional Bhd (DNB), the government-owned special purpose vehicle (SPV) that is undertaking the deployment of the 5G infrastructure and network nationwide, announced ...

Construction of Long Thanh Airport to Be Completed by March 2025

The Minister of Transport of Vietnam has set March 2025 as the deadline for the first phase of the Long Thanh International Airport project. As a result, the pilot operation ...

Singapore’s Punggol Digital District Welcomes International Tech Players

Singapore's Punggol Digital District is positioning itself as the location of choice for technology companies. Four international companies have confirmed their plans to set ...

Philippines Data Centers Demand Surge Fueled by E-commerce

The Philippines is entering the spotlight as one of the emerging Data Center (DC) markets in Southeast Asia with high growth alongside Malaysia and Thailand. Various firms ...

DTAC Launches 5G Private Network for Thai Enterprises

In July 2021, Thai telecommunication company DTAC announced the launch of its proof-of-concept 5G Private Network solution. The solution is envisaged to help enterprises ...

Digital Edge Expands into Indonesia with Strategic Investment in PT IndoInternet Tbk

Digital Edge Singapore Holdings' wholly-owned subsidiary, Digital Edge (Hong Kong) Ltd., has acquired a controlling interest in one of the leading digital infrastructure ...

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