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
Indonesia’s E-Commerce Sector Number One in South East Asia
According to research undertaken by Bank DBS Indonesia, the country has the highest rate of e-commerce in South East Asia. Since 2019, 90% of internet users in Indonesia have ...
PUB Awards Contract for Industrial Water Treatment Modules
In late December 2020, the Public Utilities Board (PUB) announced that it would award a SGD 237 million (USD 180 million) contract to the China State Construction Engineering ...
UK – Singapore Free Trade Agreement Comes into Force
A new trade agreement between Singapore and the United Kingdom, the United Kingdom – Singapore Free Trade Agreement (UKSFTA), has officially come into force as of 1 Jan 2021, ...
Indonesia to Strengthen Underwater Security
Following the recent discovery of an Unmanned Underwater Vehicle (UUV) near Selayar Island in South Sulawesi, Indonesia looks to strengthen its underwater security and ...
Tariffs for ANZ Dairy Exports to Thailand Removed Progressively
Among South East Asian countries, Thailand is the largest producer and exporter of dairy products. In producing these items, Thailand is import-dependent for raw materials ...
Taco Bell Opens its First Restaurant in Jakarta
Taco Bell – the world-renowned Mexican-inspired quick service restaurant (QSR) – officially opened its doors to the public in Indonesia on December 18, 2020, with the opening ...
Philippines Plans Start of Covid-19 Vaccine Rollout by End-February 2021
The Philippines government is planning to start the vaccination against COVID-19 for Filipinos by the third or fourth week of February. According to the country’s vaccine ...
Philippine Congress Encouraged to Pass Key Economic Bills
The Department of Trade and Industry (DTI) has called on the bicameral Congress to urgently sign the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, a ...
Globe Telecom Expands 4G Infrastructure to Improve Connectivity
Globe Telecom Inc. is set to discard its old 3G infrastructure completely and will now be increasing its fourth-generation (4G) long-term evolution (LTE) frequencies in the ...
DOE Partners with USAID to Boost Investments in the Philippine Energy Sector
The Department of Energy (DOE) and the United States Agency for International Development (USAID) have partnered to increase private investments in advanced energy technology ...
Bidding Prequalification for USD 208 million International Container Port in Cebu Begins
The Philippine Department of Transportation (DOTr) has begun inviting potential bidders to join the prequalification process for the civil works contract of the PHP 10 ...
Acer Philippines Opens First Flagship Store
Consumer electronics company Acer opened its first-ever flagship store in the Philippines at the SM Megamall Cyberzone in January 15, 2021. As Acer’s largest store in the ...
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