ASEAN 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

Tesla Leads Philippine EV Market, Sets Energy Efficiency Benchmarks

Tesla Leads Philippine EV Market, Sets Energy Efficiency Benchmarks

Tesla closed its first year in the Philippines as the country’s clear leader in battery electric vehicles, capturing 54% of the BEV market based on latest CAMPI–TMA sales ...
Panasonic Invests USD 52M to Expand Domestic Manufacturing in the Philippines

Panasonic Invests USD 52M to Expand Domestic Manufacturing in the Philippines

Panasonic Manufacturing Philippines Corp. has registered an investment of PHP 3 billion (USD 52 million) with the Philippine Economic Zone Authority (PEZA) to expand its ...
US Wood Exports to the Philippines Seen Rising 30% in 2025

US Wood Exports to the Philippines Seen Rising 30% in 2025

American wood exports to the Philippines are projected to increase by 30% to USD 28 million in 2025, driven by rising demand from the construction, furniture manufacturing, ...
ePLDT Partners with Straits Interactive to Simplify Enterprise AI Adoption

ePLDT Partners with Straits Interactive to Simplify Enterprise AI Adoption

ePLDT, the ICT arm of PLDT, has partnered with Singapore-based Straits Interactive to help Philippine organizations adopt generative AI more easily and securely. The ...
Chang Gung Hospital Seeks to Expand Philippine Patient Base Through AC Health Tie-Up

Chang Gung Hospital Seeks to Expand Philippine Patient Base Through AC Health Tie-Up

Chang Gung Memorial Hospital (CGMH)–Linkou is targeting a larger share of Philippine patients as part of its Southeast Asia growth strategy, focusing on cancer care and ...
UK Launches Climate Fund to Support the Philippines’ Clean Energy Transition

UK Launches Climate Fund to Support the Philippines’ Clean Energy Transition

The United Kingdom has launched its flagship climate program, UK Partnering for Accelerated Climate Transitions (UK PACT), in the Philippines, committing an initial GBP ...
Spanish Renewable Energy Firm Explores Expansion into the Philippines

Spanish Renewable Energy Firm Explores Expansion into the Philippines

Spanish renewable energy company Grupo Enhol is considering the Philippines as part of its Asia-Pacific expansion plans, as it evaluates new markets for clean power ...
ADB Approves USD 500M Loan to Advance the Philippines’ Blue Economy

ADB Approves USD 500M Loan to Advance the Philippines’ Blue Economy

Asian Development Bank (ADB) has approved a USD 500 million policy-based loan to support the sustainable development of the Philippines’ blue economy, marking the bank’s ...
Hyundai Deepens Defense Partnership with the Philippines

Hyundai Deepens Defense Partnership with the Philippines

South Korea’s HD Hyundai Heavy Industries has emerged as the Philippines’ key partner in a fast-moving naval modernization program, supplying the country’s most advanced ...
Agrilever–Tomorrow.io Partnership Strengthens Climate Resilience in Philippine Agriculture

Agrilever–Tomorrow.io Partnership Strengthens Climate Resilience in Philippine Agriculture

Agrilever has entered a strategic partnership with global weather intelligence provider Tomorrow.io to deploy AI-powered, hyperlocal weather forecasting across the Philippine ...
Indonesia Unveils USD 1.2 Billion Feed Industry Expansion to Boost Poultry Production

Indonesia Unveils USD 1.2 Billion Feed Industry Expansion to Boost Poultry Production

Indonesia has announced a comprehensive USD 1.2 billion (IDR 20.3 trillion) investment plan to expand its feed mill infrastructure, primarily targeting increased poultry feed ...
UAE’s EDGE and Indonesia’s Republikorp Seal USD 7 Billion Defence Manufacturing Pact

UAE’s EDGE and Indonesia’s Republikorp Seal USD 7 Billion Defence Manufacturing Pact

EDGE Group, a prominent advanced technology and defence conglomerate based in the UAE, has entered into a major cooperation agreement with Republikorp, Indonesia's leading ...
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