ASEAN BUSINESS NEWS

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

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 ...

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 ...

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