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
Pfizer Opens High-tech Facility in Singapore for Drug Ingredient Production
Pfizer has expanded its manufacturing capabilities in Singapore with an SGD 1 billion (USD 0.77 billion) extension at its Tuas facility, focusing on the production of active ...
Singapore Launches International Collaboration on Decarbonization with CREATE Program
The National Research Foundation (NRF) has launched a new Decarbonization Program under the Campus for Research Excellence and Technological Enterprise (CREATE) initiative, ...
JTC Expands Land for Semiconductor Manufacturing as Singapore Strengthens Its Role in the Global Chip Industry
JTC, Singapore’s government industrial planner, is preparing to expand the country’s semiconductor manufacturing capabilities by increasing available land in its ...
Singapore Launches Roads Innovation Lab to Drive AI and Quantum Computing in Transportation
Singapore is advancing its transportation sector with the launch of a new Roads Innovation Lab by the Land Transport Authority (LTA), aimed at accelerating the integration of ...
Taiheiyo Cement Inaugurates USD 234 Million Plant in Cebu, Boosting Philippine Cement Production
The Department of Trade and Industry (DTI) announced the inauguration of Taiheiyo Cement Philippines Inc.’s (TCPI) new USD 234 million (PHP 12.8 billion) production plant in ...
PEZA and FDA Sign Agreements to Boost Philippine Pharma-Medical Sector
The Philippine Economic Zone Authority (PEZA) and the Food and Drug Administration (FDA) recently signed two significant agreements aimed at enhancing the pharmaceutical and ...
Philippines Allocates USD 4.63 Billion for Flood Control in 2025 Budget
The Philippine government has proposed a budget of USD 4.627 billion (PHP 257.06 billion) for flood control in 2025, marking a significant investment in mitigating the ...
Department of Energy to Launch Renewable Energy and Storage-Focused Auction
The Philippines’ Department of Energy (DOE) has announced plans for its fourth Green Energy Auction (GEA-4), scheduled for the fourth quarter of 2024. This auction will ...
Philippines Unveils AI Strategy Roadmap 2.0 to Boost Economic Growth
The Department of Trade and Industry (DTI), with support from the Asian Development Bank (ADB), launched the National Artificial Intelligence Strategy Roadmap 2.0 (NAISR 2.0) ...
ExxonMobil Appoints Juliana Holdings as Official Distributor of Mobil Lubricants in the Philippines
ExxonMobil Asia Pacific Pte. Ltd. has selected Juliana Holdings Inc. as the authorized distributor of Mobil-branded lubricants in the Philippines. With a strong background in ...
NEDA Approves USD 287.5 Million for Digital Infrastructure and National Broadband Program
The National Economic Development Authority (NEDA) board has approved a USD 287.5 million allocation for the Philippines’ infrastructure flagship projects, including ...
Converge ICT Solutions Partners with U.S.-based Super Micro Computer for AI Integration in Data Centers
Converge ICT Solutions Inc. has announced a partnership with Super Micro Computer Inc. to integrate artificial intelligence (AI) into its three upcoming data centers in ...
U.S. Commits USD 500M to Modernize Philippine Military and Coast Guard
The U.S. and Philippine officials have unveiled new initiatives to strengthen defense and security cooperation. The U.S. will provide USD 500 million in foreign military ...
Israeli Agritech Firms Keen to Collaborate with the Philippines
Eleven Israeli companies are set to introduce and sell advanced agricultural technologies in the Philippines. The Israel Agricultural-Tech Roadshow in Makati City attracted ...
Bio Farma and Novo Nordisk Partner to Boost Diabetes Treatment in Indonesia
Bio Farma and Novo Nordisk Indonesia have entered into a collaboration to develop local manufacturing processes for diabetes medications in Indonesia. This partnership aims ...
Indonesian Telco Indosat Unveils AI Tools to Enhance the Domestic Oil and Gas Industry
Indosat Ooredoo Hutchison has introduced a set of AI-powered, cloud-based tools aimed at improving the upstream oil and gas sector in Indonesia. The tools, offered through ...
MCC to Launch USD 649 Million Infrastructure and Finance Compact in Indonesia
Millennium Challenge Corporation’s (MCC) CEO Alice Albright recently visited Indonesia to review the progress on the USD 649 million Indonesia Infrastructure and ...
Malaysia Targets Enhanced Aquaculture Production through Advanced Technology
Malaysia is set to boost its aquaculture production to 40% of its total fisheries sector by 2030, aiming to meet the country’s growing fishery demands. The government, ...
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