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

US Company Forms JV in Indonesia Offering Digital Infrastructure Solutions

May 2023 Indonesia, ICT

American IT company Equinix, Inc. and Indonesian conglomerate PT Astra International Tbk (Astra) have announced a joint venture to develop Indonesia's digital infrastructure. ...

Indonesia and the United States Sign USD 698 Million Infrastructure and Finance Compact

May 2023 Indonesia, Infrastructure

Indonesian Minister of Finance Sri Mulyani Indrawati and US Secretary of the Treasury Janet Yellen have signed the Indonesia Infrastructure and Finance Compact, amounting to ...

American 3D Geospatial Specialist Expands to Indonesia with Solutions for Decreasing Crop Loss

May 2023 Indonesia, Agrifood

Intermap Technologies, a global pioneer in 3D geospatial products and intelligence solutions from Colorado, has announced a deal to offer 3D digital elevation models (DEMs) ...

Ace Hardware Indonesia to Launch 15 New Stores in 2023

May 2023 Indonesia, Retail/FMCG

PT ACE Hardware Indonesia Tbk (ACES), a company owned by conglomerate Kuncoro Wibowo and part of the Kawan Lama Group, has inaugurated five new stores in the first quarter of ...

Indonesia to Develop Large-scale Chlor-alkali Plant in Collaboration with Japanese Player

May 2023 Indonesia, Manufacturing

PT Chandra Asri Petrochemical Tbk (Chandra Asri), Indonesia's largest petrochemical company, and Indonesia Investment Authority (INA) have signed a Memorandum of ...

Linde to Supply Green Hydrogen to Evonik in Singapore

May 2023 Singapore, Environment, Manufacturing

Global industrial gases and engineering company Linde announced has signed a long-term agreement to supply green hydrogen to Evonik, a leading specialty chemicals ...

LTA Awards Two Contracts for Cross Island Line Systems

May 2023 Singapore, Infrastructure

The Singapore Land Transport Authority (LTA) has awarded two contracts for the provision of four key systems – signaling system, platform screen doors (PSD) system, ...

Superapp Grab’s Digital Bank Launches Instant Loans in Singapore

May 2023 Singapore, ICT

GXS Bank, a virtual lender majority-owned by Grab in Singapore, has launched instant loans starting from SGD 200 (USD 149). The aim is to cater to gig workers and digital ...

Wellcome Leap & Temasek Trust Launch Program to Extend Health Spans

May 2023 Singapore, Healthcare

The Singapore Ministry of Health (MOH) has confirmed its intention to table a new Health Information Bill in the second half of 2023. Through the bill, the MOH seeks to ...

Singapore Looking into Adoption of Biofuels and Bioresources

May 2023 Singapore, Environment

In its pursuit of achieving net-zero carbon emissions by 2050, Singapore is actively exploring the wider implementation of biofuels and sustainable bioresources in ...

Singapore Plans to Seek Bids for New Electricity Generation Capacity by 2028

May 2023 Singapore, Energy

Singapore will be seeking bids to increase its electricity generation capacity by 2028 to meet the growing energy demand as the Government moves towards a centralized process ...

Singapore and France Defence Ministries to Establish Joint R&D Lab in Singapore to Develop AI Capabilities

May 2023 Singapore, Defense/Aerospace, ICT

The Singapore Ministry of Defence (MINDEF) and France's Ministry of the Armed Forces (MOAF) have signed an agreement to establish a Joint Research & Development ...

Singapore to Outline Blueprint for 6G Mobile and 10Gbps Home Links

Apr 2023 Singapore, ICT

A new national blueprint, known as the Digital Connectivity Blueprint, is being drafted by the Ministry for Communications and Information (MCI), outlining plans for 6G ...

Spanish Furniture Brand Kave Home Opens First Regional Store in Singapore

Apr 2023 Singapore, Retail/FMCG

Spanish furniture, design and decoration brand Kave Home launched its flagship store in Singapore in March 2023, its first in Southeast Asia. First established as an online ...

Singapore and Indonesia Sign Agreements on Tech Talent and Smart Cities

Apr 2023 Indonesia, Singapore, Economy

During the sixth Singapore-Indonesia Leaders’ Retreat held in March 2023, it was announced that Singapore and Indonesia are exploring cooperation in new areas such as tech ...

Singapore and Malaysia to Share Expertise in the Modern Agricultural Sector

Apr 2023 Malaysia, Singapore, Agrifood

In a statement recently made by Malaysia’s Ministry of Agriculture and Food Security, it was announced that Malaysia and Singapore intend to expand their current level of ...

US Specialists to Build Hyperscale Data Centers in the Philippines

Apr 2023 Philippines, ICT

The Presidential Communications Office (PCO) announced that there is an ongoing negotiation for US-based ENDEC Development Corp. and Diode Ventures, LLC to build hyperscale ...

Philippines Approves over USD 160 Billion Worth of Infrastructure Projects

Apr 2023 Philippines, Infrastructure

The National Economic and Development Authority (NEDA) announced that President Ferdinand R. Marcos Jr. has approved 194 high-impact infrastructure flagship projects (IFPs) ...

Explore Our Services