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
KKR to Acquire Stake in SingTel’s Regional Data Centre Unit for USD 807 million
KKR, a global investment firm, is set to acquire a 20% stake in Singapore Telecommunications (SingTel)'s regional data center business for SGD 1.1 billion (USD 0.8 billion), ...
Singaporean E-payments Firm Introduces New Customer Verification Feature
Singapore's dtcpay, a digital payments company, has teamed up with the verification platform Sumsub to streamline the onboarding process for new users. Sumsub, headquartered ...
Johnson & Johnson Partners with Singapore Economic Development Board for Innovation
Johnson & Johnson International (Singapore) is collaborating with the Singapore Economic Development Board (EDB) to boost innovation in Singapore's life sciences sector. ...
Singapore Explores if Landfill Waste Could Be Used to Build Tuas Port
Singapore is exploring the possibility of repurposing incineration ash from Semakau, its sole landfill, for use in projects like the construction of Tuas Port. As Semakau is ...
Singapore to Import Renewable Energy from Indonesia
Singapore is making significant strides in its commitment to import low-carbon electricity, with plans to import two gigawatts (GW) of renewable energy annually from ...
Singapore Announces Additional USD 802 Million to Ease Cost of Living
Singapore's finance ministry has allocated an additional SGD 1.1 billion (USD 802 million) to address households grappling with rising living costs. This package includes an ...
Singapore Tests Unmanned Platforms in Joint Exercise with US
As part of Exercise Forging Sabre in Idaho, the Singapore Army is currently testing an unmanned ground vehicle developed by the United States-based Ghost Robotics in ...
Singapore’s Regenx Bags USD 500,000 Pre-seed Funding from Wavemaker Impact
RegenX, headquartered in Singapore, has successfully secured USD 500,000 in pre-seed funding from Wavemaker Impact, a venture capital firm specializing in climate tech ...
Indonesian Company Bets on A2 Milk Market
Private equity firm Growtheum Capital Partners just announced a strategic partnership with PT ABC Kogen Dairy. KIN Dairy is a vertically integrated dairy manufacturer ...
Indonesia Acquires New UK-Built Submarine Rescue System in USD 100 Million Contract
Submarine Manufacturing and Products Ltd. (SMP), a leading UK-based manufacturer and diving and subsea rescue solutions, will provide its new Submarine Rescue System (SRS) to ...
France Aims to Enhance Business Presence in Indonesia
Aiming to expand its corporate footprint in Indonesia, France is putting industrial collaboration at the core of its economic ties with the Southeast Asian country. According ...
Danish Retailer Opens Physical Stores in Indonesia and the Philippines
Flying Tiger Copenhagen, a Denmark-based retailer, is expanding its Southeast Asian development by launching its first physical stores in Indonesia and the Philippines. The ...
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