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 Expands Healthcare Subsidies for Elderly
The Singapore government is expanding healthcare support for elderly born between 1950 and 1959, dubbed the Merdeka Generation (MG) or those who were born prior to 1950 but ...
Singapore Developing Cybersecurity Roadmap for Telecom Sector
A Telecom Cybersecurity Strategic Committee (TCSC), comprising international cybersecurity experts and representatives from the government and Singapore’s telecom operators ...
Singapore Airlines Launches Digital Innovation Lab
On 29 January 2019, Singapore Airlines launched its new digital innovation lab, called KrisLab, in line with the Airline’s Digital Innovation Blueprint which was launched in ...
Sembcorp and Singapore Polytechnic Seek to Commercialize Technology for Recycling Solar Panels
Singapore-based utilities, marine and urban development group, Sembcorp Industries (Sembcorp), has entered into a partnership with Singapore Polytechnic (SP) to commercialize ...
Luxury Shopping Destination in Singapore Sees Record Revenues in 2018
The Shoppes at Marina Bay Sands witnessed its most successful year ever in 2018, with revenues of USD 179 million, a 7% rise from 2017. Retail tenant sales at The Shoppes, ...
EU-Singapore Free Trade Agreement Approved by European Parliament
The European Parliament approved the EU-Singapore Free Trade Agreement (EUSFTA) and EU Singapore Investment Protection Agreement (EUSIPA) in a vote on 13 February 2019 in ...
Sustained Public Sector Demand to Support Construction in Singapore for 2019
The Building and Construction Authority (BCA) of Singapore is projecting that the total construction demand (value of construction contracts to be awarded) in 2019 will range ...
Universal Health Care Act Signed into Law in the Philippines
The President of the Philippines, Rodrigo R. Duterte, signed the Universal Health Care (UHC) Act into law which will automatically enroll all Filipinos under the government’s ...
Shell Starts Production at First Bitumen Blending Facility in the Philippines
The production of the first batch of bitumen was completed at a new bitumen blending facility owned by Pilipinas Shell Petroleum Corporation, the local Energy subsidiary of ...
Puregold to Open 25 New Stores in 2019 Backed by Strong Consumer Spending
The Philippines’ second largest retailer, Puregold Price Club Inc, announced that it will open 25 new outlets as part of its expansion plan. It will use proceeds of its ...
Philippines’ National Broadband Plan Receives Funding from USTDA
The U.S. Trade and Development Agency (USTDA) has granted the Department of Information and Communications Technology (DICT) PHP 23.8 million (USD 460,000) in financial ...
Philippines Department of Energy Plans to Standardize E-Vehicle Charging Stations
The Department of Energy (DOE) of the Philippines is drafting a regulatory framework that aims to standardize charging stations in support of the country’s electric vehicle ...
Japan’s ANA Holdings Purchases Stake in Philippine Flag Carrier
ANA HOLDINGS INC. (ANA HD), parent of All Nippon Airways (ANA), Japan's largest airline, will invest USD 95 Million in PAL Holdings Inc. (PAL Holdings) and acquire 9.5% of ...
Environmental Groups Pushing for Decentralized Waste Management
The Zero Waste Cities Project Dumaguete and other Environmental groups are actively pushing and presenting ideas for waste management systems at barangay level, which is the ...
Ecological Industrial Zone Being Developed in Typhoon Ravaged Province
The competitiveness of the local copper industry is being enhanced with the creation of an ecological industrial zone in Leyte province. Palafox Associates has already ...
CAPEX in Integrated Gaming Resort Raised to USD 2.3 billion
Megaworld Corporation, the Philippines' largest developer of integrated urban townships, announced that it is raising its capital spending budget to PHP 64 billion (USD 1.2 ...
Tenaga Secures Financing for Large Scale Solar Project in Kedah
Tenaga Nasional Berhad (TNB), Malaysia’s leading electricity utility with a presence throughout Peninsular Malaysia, Sabah and Labuan, has secured USD 35 million financing ...
New Healthcare Player in Malaysia Focusing on Lower Income Groups
Sinmah Capital Bhd (Sinmah) is venturing into the healthcare segment, earmarking MYR 100 million (USD 25 million), to be raised through internal funds and bank loans, for ...
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