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
Vietnam and South Korea Sign MOU for Building AI Global Ecosystem in Vietnam
Vietnam and South Korea have signed a Memorandum of Understanding (MOU) to develop artificial intelligence (AI) technology in five areas: medical, healthcare, smart cities, ...
Vietnam to Seek Investment to Develop Its Seaport System
Vietnam is planning to modernize its seaport system. There are 286 terminals with over 96km of quays in total nationwide at present, capable of handling over 706 million tons ...
US Semiconductor Assembly and Test Provider to Open Manufacturing Facility in Vietnam
In October 2023, Amkor Technology, the world's largest US-headquartered OSAT (outsourced semiconductor assembly and test) service provider, announced the grand opening of ...
Marriott International to Expand Portfolio in Vietnam with Three New Luxury Hotels
Marriott International has announced agreements to open three new luxury resorts in Vietnam. This marks the debut of two new brands into Vietnam – Ritz-Carlton Reserve and ...
Philippine Government Pushes USD 1.7 Billion Projects to Boost Digital Finance
The government is pushing for USD 1.7 billion worth of projects to boost digital connectivity in the country in a bid to fuel economic growth. Finance Secretary Benjamin ...
The Future of Infrastructure in Metro Manila
Physical connectivity has always been a big problem in the cities of Metro Manila. Being a car-centric society, Metro Manila has one of the busiest streets in the world. ...
Number of Foreign Franchise Brands in the Philippines Growing
The Philippines, considered one of the largest franchise markets in Southeast Asia, expects more international franchise brands to enter the market. This is according to the ...
Philippines’ Naval Aviation Unit Bares Modernization Plans
The Philippine Navy's Aerial Unit disclosed modernization plans on its anniversary, including a move towards the procurement of new assets, in view of the growing security ...
Unilever Philippines Scales Personal Care Production By 15% with Powerhouse Factory
Unilever Philippines has opened a production powerhouse in Cavite for its Beauty & Wellbeing and Personal Care businesses. The EUR 80 million (USD 86.8 million) ...
US and Philippine Firms Explore Partnership in the 1st US Agricultural Technology Trade Mission to the Philippines
The US government, through the US Commercial Service, sent its first Agricultural Technology Trade Mission to Davao City and Manila to explore trade and investment ...
NEDA to Strengthen the Dialysis Center at the Baguio General Hospital and Medical Center
The National Economic and Development Authority (NEDA) approved to strengthening the dialysis center in the biggest state-run tertiary hospital in the Cordillera ...
The EU Inks USD 65 Million Financing Deal for the Green Economy Program with Philippines
The European Union (EU) Commission stated that the EUR 60 million (USD 65 million) Financing Agreement aims to assist the Philippines in renewing its economy. This includes ...
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