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
ARUP Wins Contract to Develop New Water Source for Metro Manila
UK-headquartered consulting engineer, Arup, has wont a contract to help develop a new water source for Metro Manila that will pave the way to addressing the water woes of the ...
Philippines’ Department of Finance Plans Flexible Incentives for Investors
The Department of Finance (DOF) in the Philippines is looking to offer customized fiscal and non-fiscal perks to investors under the Corporate Recovery and Tax Incentives for ...
Bank of the Philippine Islands Collaborates with Swiss Firm Avaloq on Digital Transformation
Bank of Philippine Islands (BPI), the country’s fourth largest bank in terms of assets, has tapped Swiss leading fintech service provider, Avaloq, to digitalize BPI’s ...
Siemens Gamesa Developing Innovative Hybrid Energy Plant in the Philippines
Siemens Gamesa is developing an innovative hybrid energy project in Puerto Galera on the island of Mindoro in the Philippines that will address the intermittency of renewable ...
Philippine Food Service Leader to Spend PHP 7 Billion in Response to COVID-19 Pandemic
Philippines-based Jollibee Foods Corporation (JFC), one of Asia's largest food service companies disclosed that it is going to spend PHP 7 billion (USD 138.1 million) to ...
More Malaysian Companies Venturing into Medical Supplies Manufacturing Driven by COVID-19
A growing number of Malaysian companies reportedly are venturing into medical supplies manufacturing, following the rapid surge in demand from domestic and global communities ...
Maskargo Operates A380 for E-Commerce Goods Delivery
MAB Kargo Sdn Bhd (MASkargo), a subsidiary of Malaysia Aviation Group whose portfolio also includes Malaysia Airlines Berhad, had on last April 26 operated the latter’s ...
Malaysia’s TNB Partners with Envision to Digitize Solar Operations
TNB Renewables Sdn Bhd (TRe), a wholly-owned subsidiary of Tenaga Nasional Berhad (TNB), Malaysia's national electricity utility company, has appointed Singapore-based ...
Malaysia’s Teo Seng Paper Products Produces PEFC Certified Eco-Friendly Egg Trays
Teo Seng Paper Products Sdn Bhd (TSPP), a subsidiary of Teo Seng Capital Bhd, one of Malaysia’s largest egg producers has become the first company in the country to obtain ...
Malaysian, Taiwanese Firms Enter Partnership to Manufacture Automotive Lighting Parts
MCE Holdings Bhd, one of the largest automotive electronics and mechatronics parts manufacturers in Malaysia has entered into an agreement with Taiwan-based Juoku Technology ...
Malaysian Palm Oil Council Exploring Blockchain to Enhance Traceability
The Malaysian Palm Oil Council (MPOC) is working with BloomBloc, a blockchain development company based in Switzerland and Malaysia, to implement blockchain technology in the ...
Malaysia Allows Construction to Resume on East Coast Rail Link
The Malaysian government has allowed construction work on Malaysia's biggest mega project, the East Coast Rail Link (ECRL) to resume on April 29 as the country entered the ...
Leading Palm Oil Producer in Malaysia Ventures into Dairy Farming
FGV Holdings Bhd (FGV), one of the world’s largest producers of crude palm oil (CPO), has ventured into the local food and beverage industry in Malaysia through its ...
IMF Expects Malaysia’s GDP Growth to Bounce Back to 9% in 2021
The International Monetary Fund (IMF) is projecting Malaysia’s real gross domestic product (GDP) to grow at a rate of 9% next year, the fastest among the five major ...
Singapore-Based Homewares Retailer Looking to Expand in Indonesia
Iuiga, the Singapore-based homewares retailer announced that it has received SGD 10 million (USD 7 million) in Series A funding from Indonesian conglomerate, Konimex. The ...
Indonesia’s B2B FMCG Marketplace GudangAda Raises USD 25.4 Million
GudangAda, an online B2B marketplace for fast-moving consumer goods (FMCG) based in Jakarta, announced that it raised a USD 25.4 million Series A (bringing total fundraising ...
Indonesia Relying on Healthtech to Deal with Surge in Coronavirus Cases
As COVID-19 cases surge in Indonesia, doctors are using telemedicine solutions to treat patients both at hospitals and online. Due to a lack of medical staff and protective ...
Indonesian Government Plans Six Toll Road Projects Worth USD 5.3 Billion
In a bid to boost post-COVID recovery, the Indonesia government will offer six toll road public private partnerships (PPP) projects with a combined value of IDR 80.5 trillion ...
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