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

ExxonMobil Appoints Juliana Holdings as Official Distributor of Mobil Lubricants in the Philippines
ExxonMobil Asia Pacific Pte. Ltd. has selected Juliana Holdings Inc. as the authorized distributor of Mobil-branded lubricants in the Philippines. With a strong background in ...

Philippines Unveils AI Strategy Roadmap 2.0 to Boost Economic Growth
The Department of Trade and Industry (DTI), with support from the Asian Development Bank (ADB), launched the National Artificial Intelligence Strategy Roadmap 2.0 (NAISR 2.0) ...

Department of Energy to Launch Renewable Energy and Storage-Focused Auction
The Philippines' Department of Energy (DOE) has announced plans for its fourth Green Energy Auction (GEA-4), scheduled for the fourth quarter of 2024. This auction will ...

Philippines Allocates USD 4.63 Billion for Flood Control in 2025 Budget
The Philippine government has proposed a budget of USD 4.627 billion (PHP 257.06 billion) for flood control in 2025, marking a significant investment in mitigating the ...

PEZA and FDA Sign Agreements to Boost Philippine Pharma-Medical Sector
The Philippine Economic Zone Authority (PEZA) and the Food and Drug Administration (FDA) recently signed two significant agreements aimed at enhancing the pharmaceutical and ...

Taiheiyo Cement Inaugurates USD 234 Million Plant in Cebu, Boosting Philippine Cement Production
The Department of Trade and Industry (DTI) announced the inauguration of Taiheiyo Cement Philippines Inc.’s (TCPI) new USD 234 million (PHP 12.8 billion) production plant in ...

Bio Farma and Novo Nordisk Partner to Boost Diabetes Treatment in Indonesia
Bio Farma and Novo Nordisk Indonesia have entered into a collaboration to develop local manufacturing processes for diabetes medications in Indonesia. This partnership aims ...

Indonesian Telco Indosat Unveils AI Tools to Enhance the Domestic Oil and Gas Industry
Indosat Ooredoo Hutchison has introduced a set of AI-powered, cloud-based tools aimed at improving the upstream oil and gas sector in Indonesia. The tools, offered through ...

MCC to Launch USD 649 Million Infrastructure and Finance Compact in Indonesia
Millennium Challenge Corporation's (MCC) CEO Alice Albright recently visited Indonesia to review the progress on the USD 649 million Indonesia Infrastructure and Finance ...

Malaysia Targets Enhanced Aquaculture Production through Advanced Technology
Malaysia is set to boost its aquaculture production to 40% of its total fisheries sector by 2030, aiming to meet the country's growing fishery demands. The government, led by ...

Malaysian Army Orders Norwegian-Finnish Made M72 Anti-Tank Weapons
The Malaysian Army has ordered 800 M72 LAW-EC (Lightweight Anti-Tank Weapons) from Nammo, a joint venture between Norway and Finland. This procurement is part of Malaysia’s ...

Malaysia Unveils Plan to Attract USD 63 Billion in Green Investments by 2030
The Malaysian Investment, Trade and Industry Ministry (MITI) is set to develop a strategic plan to boost green investment and establish Malaysia as a leading regional green ...
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