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 Introduces New Standards for Cold Chain Management for Chilled and Frozen Food

Nov 2021 Singapore, Agrifood

The Singapore Standards Council (SSC), the Singapore Manufacturing Federation – Standards Development Organisation (SMFSDO) and the Singapore Food Agency (SFA), together ...

Singapore Eyes Geothermal Energy for Power Generation

Nov 2021 Singapore, Energy

Singapore is considering geothermal energy as a potential clean energy source for the country’s power generation. The country is carrying out research at sites that have a ...

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

Nov 2021 Singapore, Environment

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

Nov 2021 Singapore, Manufacturing

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

Nov 2021 Singapore, ICT

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

Nov 2021 Philippines, Defense/Aerospace

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

Nov 2021 Singapore, Economy

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

Nov 2021 Indonesia, ICT

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

Nov 2021 Malaysia, 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

Nov 2021 Thailand, Defense/Aerospace

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

Nov 2021 Malaysia, ICT

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

Nov 2021 Malaysia, Energy

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

Nov 2021 Malaysia, Economy

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

Nov 2021 Philippines, Manufacturing

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

Nov 2021 Indonesia, Infrastructure

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

Nov 2021 Thailand, Infrastructure

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

Nov 2021 Indonesia, Environment

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

Nov 2021 Indonesia, Economy

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 ...

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