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 Government Announces New Funding and Programs to Build Enterprise Capabilities
In its 2019 budget, the Singapore government announced several initiatives to continue building enterprise capabilities. It is allocating an additional SGD 100 million (USD ...
Singapore Expands Healthcare Subsidies for Elderly
The Singapore government is expanding healthcare support for elderly born between 1950 and 1959, dubbed the Merdeka Generation (MG) or those who were born prior to 1950 but ...
Singapore Developing Cybersecurity Roadmap for Telecom Sector
A Telecom Cybersecurity Strategic Committee (TCSC), comprising international cybersecurity experts and representatives from the government and Singapore’s telecom operators ...
Singapore Airlines Launches Digital Innovation Lab
On 29 January 2019, Singapore Airlines launched its new digital innovation lab, called KrisLab, in line with the Airline’s Digital Innovation Blueprint which was launched in ...
Sembcorp and Singapore Polytechnic Seek to Commercialize Technology for Recycling Solar Panels
Singapore-based utilities, marine and urban development group, Sembcorp Industries (Sembcorp), has entered into a partnership with Singapore Polytechnic (SP) to commercialize ...
Luxury Shopping Destination in Singapore Sees Record Revenues in 2018
The Shoppes at Marina Bay Sands witnessed its most successful year ever in 2018, with revenues of USD 179 million, a 7% rise from 2017. Retail tenant sales at The Shoppes, ...
EU-Singapore Free Trade Agreement Approved by European Parliament
The European Parliament approved the EU-Singapore Free Trade Agreement (EUSFTA) and EU Singapore Investment Protection Agreement (EUSIPA) in a vote on 13 February 2019 in ...
Sustained Public Sector Demand to Support Construction in Singapore for 2019
The Building and Construction Authority (BCA) of Singapore is projecting that the total construction demand (value of construction contracts to be awarded) in 2019 will range ...
Universal Health Care Act Signed into Law in the Philippines
The President of the Philippines, Rodrigo R. Duterte, signed the Universal Health Care (UHC) Act into law which will automatically enroll all Filipinos under the government’s ...
Shell Starts Production at First Bitumen Blending Facility in the Philippines
The production of the first batch of bitumen was completed at a new bitumen blending facility owned by Pilipinas Shell Petroleum Corporation, the local Energy subsidiary of ...
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 ...
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