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
Puregold to Open 25 New Stores in 2019 Backed by Strong Consumer Spending
The Philippines’ second largest retailer, Puregold Price Club Inc, announced that it will open 25 new outlets as part of its expansion plan. It will use proceeds of its ...
Philippines’ National Broadband Plan Receives Funding from USTDA
The U.S. Trade and Development Agency (USTDA) has granted the Department of Information and Communications Technology (DICT) PHP 23.8 million (USD 460,000) in financial ...
Philippines Department of Energy Plans to Standardize E-Vehicle Charging Stations
The Department of Energy (DOE) of the Philippines is drafting a regulatory framework that aims to standardize charging stations in support of the country’s electric vehicle ...
Japan’s ANA Holdings Purchases Stake in Philippine Flag Carrier
ANA HOLDINGS INC. (ANA HD), parent of All Nippon Airways (ANA), Japan's largest airline, will invest USD 95 Million in PAL Holdings Inc. (PAL Holdings) and acquire 9.5% of ...
Environmental Groups Pushing for Decentralized Waste Management
The Zero Waste Cities Project Dumaguete and other Environmental groups are actively pushing and presenting ideas for waste management systems at barangay level, which is the ...
Ecological Industrial Zone Being Developed in Typhoon Ravaged Province
The competitiveness of the local copper industry is being enhanced with the creation of an ecological industrial zone in Leyte province. Palafox Associates has already ...
CAPEX in Integrated Gaming Resort Raised to USD 2.3 billion
Megaworld Corporation, the Philippines' largest developer of integrated urban townships, announced that it is raising its capital spending budget to PHP 64 billion (USD 1.2 ...
Tenaga Secures Financing for Large Scale Solar Project in Kedah
Tenaga Nasional Berhad (TNB), Malaysia’s leading electricity utility with a presence throughout Peninsular Malaysia, Sabah and Labuan, has secured USD 35 million financing ...
New Healthcare Player in Malaysia Focusing on Lower Income Groups
Sinmah Capital Bhd (Sinmah) is venturing into the healthcare segment, earmarking MYR 100 million (USD 25 million), to be raised through internal funds and bank loans, for ...
Malaysian Healthy Snacks E-commerce Platform Receives Funding
Signature Market, a Malaysian healthy snacks e-commerce retail platform, has raised MYR 4 million (USD 1 million) of capital from private investment firm RHL Ventures, Axiata ...
Malaysia to Regulate ICOs, Cryptocurrency Trade
Malaysia is set to regulate crypto transactions such as Initial Coin Offerings (ICOs) and other cryptocurrency trades. The Securities Commission Malaysia (SC) amended ...
Malaysia Forms Special Body to Tackle Economic Issues
Malaysia’s Prime Minister Tun Dr. Mahathir Mohamad has announced the formation of Economic Action Council (EAC) to tackle the gripping economic issues the country is facing. ...
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