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
Singapore Aims for All Vehicles to Run on Cleaner Energy by 2040
In the 2020 budget, the Singapore government laid out a vision is to phase out ICE (internal combustion engine) vehicles and have all vehicles run on cleaner energy by 2040. ...
Sembcorp to Build One of World’s Largest Single Floating PV Systems in Singapore
Singapore-headquartered energy, marine and urban development group, Sembcorp Industries (Sembcorp) announced on 10 February 2020 that its wholly-owned subsidiary Sembcorp ...
New Singapore Hub to Standardize Digital Solutions Across Collins Aerospace’s MRO Network
Collins Aerospace Systems opened a 10,000 square foot Innovation Hub in Singapore on 11 February 2020. The Hub will standardize advanced digital technology solutions across ...
Aerospace Companies to Invest SGD 500 Million in Singapore Over 5 Years
At the Singapore Airshow 2020, aerospace companies committed SGD 500 million (USD 360 million) of new investments in Singapore over the next five years. JTC, the government ...
Relief Measures for Retailers and Other Corporates in Singapore Affected by COVID-19
The three leading Singapore Banks, DBS, Overseas Commercial Bank of China (OCBC) and United Overseas Bank (UOB) have announced relief measures for corporate small and medium ...
Price Cap to be Implemented on Certain Drugs in the Philippines
Maximum Retail Prices (MRP) and Maximum Wholesale Prices (MWP) of more than 130 types of drugs will eventually be regulated as a result of Executive Order 104 or “Improving ...
Philippines Welcomes Pioneering Fully-Automated Cold Storage Facility
Filipino-owned ORCA Cold Chain Solutions has inaugurated the first-ever fully-automated cold storage facility in the Philippines located in Bagumbayan, Taguig City. Apart ...
Philippines Orders 12 Cargo Helicopters from Russia
President Rodrigo Duterte confirmed that the Philippines had placed an order of 12 cargo helicopters from Russia during an interview with a Russian television network. The ...
Philippines Hoping to Achieve ‘A’ Credit Rating Within Two Years
According to Bangko Sentral ng Pilipinas Governor, the Philippines is on its way to achieve an “A’’ credit rating grade by international debt rating agencies. Since 2013, the ...
Philippine Economic Zone Authority Plans to Build Defense Industrial Zones
The Philippine Economic Zone Authority (PEZA) is planning to transform several economic zones in the country into defense industrial complexes where military equipment and ...
Maynilad Water Services Earmarks PHP 1.1 Billion for Estero Rehab
Maynilad Water Services, Inc. (Maynilad) is investing around PHP 1.1 billion (USD 27.1 million) over a period of three years to rehabilitate five esteros (estuaries) in ...
Leading Online Food Delivery Platform in the Philippines Launches “Cloud Kitchen” Concept
GrabFood, the leading online delivery platform in the Philippines, has introduced its first ever GrabKitchen in the country, a central kitchen wherein food establishments are ...
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