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

Philippine and US Forces Conclude a Bilateral Marine-Aviation Exercise

Jul 2023 Philippines, Defense/Aerospace

The U.S. Marines and Sailors from across I and III Marine Expeditionary Forces participated in a Marine Aviation Support Activity (MASA) with the Armed Forces of the ...

European Investment Bank Keen on Supporting Key Development Projects in the Philippines

Jul 2023 Philippines, Economy

European multilateral financial institution, European Investment Bank (EIB), expressed its interest to participate in key development projects in the Philippines. The EIB is ...

Spanish Offshore Wind Developer to Locate its Largest Wind Energy Project in the Philippines

Jul 2023 Philippines, Energy

Madrid-based offshore wind developer BlueFloat Energy announced that its largest planned offshore wind energy project will be located in the Philippines, with a capacity of ...

ADB Approves USD 1 Billion Loan for Davao City’s Electric Bus Fleet Project

Jul 2023 Philippines, Environment

The Asian Development Bank (ADB) has greenlit a momentous USD 1 billion loan to support the implementation of a city-wide public transport initiative in Davao City. As the ...

PhilHealth to Provide Coverage for Cervical Cancer Screening

Jul 2023 Philippines, Healthcare

State health insurer the Philippine Health Insurance Corporation (PhilHealth) plans to extend coverage for cervical cancer screening through the Konsultasyong Sulit at Tama ...

Philippine Construction Industry Keen on Adopting Data Strategy

Jul 2023 Philippines, Infrastructure

Research by Procore Technologies Inc., a leading global provider of construction management software, shows that the Philippines is leading among surveyed Southeast Asian ...

Philippines Seen as an Emerging Manufacturing Hub

Jul 2023 Philippines, Manufacturing

A study conducted by BMI, a Fitch Solutions Company, identified the Philippines as an emerging manufacturing hub in 2023. According to BMI, the Philippines’ exports are ...

E-commerce in the Philippines to Reach USD 16 Billion in 2023

Jul 2023 Philippines, Retail/FMCG

According to a market research study organized by logistics solutions provider Locad Philippines with Cube Asia, e-commerce in the Philippines is anticipated to achieve a 15% ...

Swiss Glass Container Manufacturer Constructs USD 23 Million Factory in Johor

Jul 2023 Malaysia, Manufacturing

Bucher Emhart Glass, a subsidiary of Swiss-listed engineering and manufacturing group Bucher Industries AG has announced an investment of MYR 108 million (USD 23 million) to ...

Malaysia to Launch the National Energy Transition Roadmap (NETR) and the Hydrogen Economy and Technology Roadmap (HETR) in 2023

Jul 2023 Malaysia, Energy

Malaysian Prime Minister Anwar Ibrahim has unveiled the plan to introduce two new energy roadmaps, namely the National Energy Transition Roadmap (NETR) and the Hydrogen ...

Malaysia to Introduce Cyber Security Bill to Address Digital Threats

Jul 2023 Malaysia, ICT

The Malaysian government has announced that the nation’s first Cyber Security Bill will be developed and introduced by the National Cyber Security Committee in 2023. The ...

Malaysia to Operate 1,097 Digital Economy Centers Nationwide

Jul 2023 Malaysia, Infrastructure

Malaysia Communications and Digital Minister Fahmi Fadzil has announced that the government intends to create 186 new digital economy centers (PEDi), bringing the total ...

Coach to Open World’s 1st ‘Coach Airways’ Retail Store in Malaysia

Jul 2023 Malaysia, Retail/FMCG

American luxury fashion brand Coach will introduce the world’s first Coach Airways, a unique retail concept store, and café housed in a transformed 1981 Boeing 747-230B ...

Blockchain Company nChain To Promote the Province Of Bataan As Blockchain Hub In Asia

Jul 2023 Philippines, ICT

Global blockchain company nChain has signed a Memorandum of Understanding (MOU) with the Provincial Government of Bataan to digitize their local government processes and ...

US Manufacturer Partners with Local Company to Develop USD 500 Million Solar Complex in Indonesia

Jul 2023 Indonesia, Energy, Environment

SEG Solar, a US-based solar module manufacturer, and PT Kawasan Industri Terpadu Batang (KITB), an Indonesian state-owned company that operates as an industrial area ...

Indonesia Expands Tuna Farming to Advance Sustainable Preactices

Jul 2023 Indonesia, Agrifood

Indonesia is expanding tuna farming to improve its aquaculture sector and advance sustainability practices. Indonesia captures the most tuna of any country, accounting for ...

Indonesia Turns Away from Russia, Confirms Purchase of Qatari’s Jet Fighters

Jul 2023 Indonesia, Defense/Aerospace

The Indonesian Air Force (TNI-AU) has revealed that it signed a EUR 733 million (USD 793.14 million) contract to acquire the Qatar Emiri Air Force’s (QEAF’s) ...

Indonesia’s Parliament Approves USD 1 Billion Increase for Construction of New Capital

Jul 2023 Indonesia, Economy, Infrastructure

Indonesia is ready to build its new capital, Nusantara, and the country’s parliament budget committee has recently granted an additional IDR 15 trillion (USD 1 billion) ...

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