A raw material sourced from a type of banana plant, Musa textilis, is now in high demand due to the global shortage of one of the most important tools against the coronavirus pandemic — personal protective equipment (PPE). Locally known as abaca, it has been one of...
Growthwell Group, a Singaporean producer of plant-based meat alternatives, has secured USD 8 million in a funding round led by Singapore’s sovereign wealth fund, Temasek to expand its product range and geographic footprint. Other investors in the round included...
In April 2020, Thailand’s Board of Investment of Thailand (BOI) approved a series of measures aimed at mitigating the impact of the coronavirus or COVID-19 outbreak on business, including steps to encourage rapid investment in the manufacturing of medical...
Shell Indonesia is doubling the capacity of its lubricants oil blending plant (LOBP) located in Marunda Centre, near Jakarta. The construction started on March 12 and is expected to be completed by 2022. Once ready, the plant will be able to produce up to 300 million...
Royal Pahang Durian Group (RPD Group) has entered into a shareholders’ agreement with Perbadanan Kemajuan Pertanian Negeri Pahang (PKPP), Pahang’s state-owned agriculture agency, to form Royal Pahang Durian Produce-PKPP Sdn Bhd (RPDP-PKPP). RPDP-PKPP will build, own...
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” Manufacturing system that will produce such items. The University of the...
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 Development Board (EDB). The open innovations lab will explore ideas related to research &...
Sanmina Corporation, an American electronics Manufacturing services provider and Fortune 500 company, recently announced the expansion of its facility in Thailand. The site now has custom packaging and assembly capabilities to manufacture advanced optical, high speed,...
The Vietnam Rubber Industry Group (VRG), in which the government of Vietnam holds a controlling stake, has announced an investment into three new processing factories in the northern region of Vietnam to meet an expected increase in rubber demand. One of VRG’s...
D&L Industries, Inc., the country’s largest specialty foods ingredients, plastics and oleochemicals firm, is doubling its capital expenditure (capex) this year to about PHP 3 billion (USD 59 million) from PHP 1.55 billion (USD 30 million) in 2019 as it remains...
The Secretary of the Philippine Department of Science and Technology (DOST-Philippines) Fortunato de la Pena recently led the inauguration of a common service facility (CSF) for artisanal small-scale gold mining in Iligan City, Northern Mindanao. With the aim of...
ExxonMobil is embarking on a multi-billion-dollar expansion of its Jurong Island refining and petrochemical complex in Singapore to increase its production capacity for higher-value products and cleaner fuels. According to the Straits Times, this investment which was...
