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
San Miguel to Commence Operation of Battery Energy Storage Facilities in 2022
SMC Global Power Holdings Corp., the energy arm of San Miguel Corporation, has announced that a total of 690 MW of its 1,000-MW Battery Energy Storage System (BESS) ...
Philippines Embarks on Major Infrastructure Projects in Eastern Visayas
The Philippines’ Department of Public Works and Highways (DPWH) Region VIII is looking to implement infrastructure projects worth PHP 43 billion (USD 0.8 billion) in Eastern ...
Philippines Ties Up with France to Improve Local Dairy Industry
A joint declaration to enhance cooperation in food security was signed between the government of the Philippines and France. The discussion puts emphasis on developing the ...
Philippine Air Force and Philippine Army Bolsters Acquisitions for Humanitarian and Defense Missions
The Philippines will have more assets for humanitarian assistance and disaster relief (HADR) missions as initial funding, valued at PHP 1.6 billion (USD 31.2 million), for ...
PEZA Eyes More Investments From the US
The Philippine Economic Zone Authority (PEZA) is engaging more US firms to invest in the country’s economic zones and take part in promoting stronger bilateral relations ...
New Law Eases Requirements for Foreign Retail Investors in the Philippines
A bill that amends the Retail Trade Liberalization Act (RTLA) of 2000 was signed by President Rodrigo Duterte into law. Known as RA 11595, the new law will lower the amount ...
New Essential Oil Manufacturing Facility Established in the Zambales Province
The Department of Trade and Industry's Board of Investment (BOI) has accredited a Philippine company called Iba Botanicals, Inc., a new essential oil producing company. The ...
Schneider Electric Teams Up with Nanyang Polytechnic on Green Technology Initiative
Last month, Nanyang Polytechnic (NYP) and Schneider Electric launched the Sustainability Experience Centre, a one-stop platform aimed at helping Singapore's SMEs implement ...
Lotte Chemical Indonesia to Construct USD 3.9 billion Petrochemical Plant in Banten
South Korea’s Lotte Group has resumed the construction of a USD 3.9 billion petrochemical project in Indonesia, paving the way for realizing the group’s plan to expand the ...
Indonesia’s Coffee Chain Reaches Unicorn Status with USD 96 Million Funding
Kopi Kenangan, an Indonesia-based coffee chain, has obtained USD 96 million Series C funding from Tybourne Capital Management, followed by Horizon Ventures, Kunlun, B Capital ...
Hyundai Motor to Produce the First Made-in-Singapore Electric Vehicles
During the Consumer Electronics Show (CES) 2022, Hyundai Motor announced its partnership with San Francisco's Unity Technologies, where both companies agreed to develop a ...
Home Improvement Brand Aims at Opening over 100 Stores a Year in Thailand
Home improvement brand MR D.I.Y. has announced its goal of opening at least 100 new stores a year, spurred by strong revenue over the past two years despite the Covid-19 ...
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