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
Grocery Retailer Eyes Rapid Growth in the Philippines
Philippine grocery retailer MerryMart Grocery Centers Inc announced that it plans to open 10 stores in 2019 before accelerating its expansion in the next decade. The company ...
Conglomerates Bid for the USD 10-billion Sangley Airport Project
Bid submissions for the USD 10-billion Sangley Airport project in the province of Cavite has just recently concluded on November 25, 2019. Six groups have bought joint ...
Bill for E-Health System in the Philippines Progresses Through House
The proposed bill that aims to establish the Philippine eHealth System and Services in the Philippines has passed the initial phase in the House of Representatives. The ...
UOB Launches Asia’s First Solar Industry Ecosystem in Malaysia
Singapore-based United Overseas Bank (UOB) has launched U-Solar, the first solar industry ecosystem in Asia to power the development and adoption of renewable Energy across ...
Sony Interactive to establish First South East Asian Studio in Malaysia
In October 2019, the Ministry of Communications and Multimedia Malaysia announced a partnership with Sony Interactive Entertainment Worldwide Studios (SIE WWS) to establish ...
Malaysia launches National Transport Policy 2019-2030
On 18 October 2019, Malaysia launched the National Transport Policy (NTP) 2019-2030. It will serve as the overarching roadmap for developing an efficient, comprehensive, ...
Gig Economy to be Emphasized in Twelfth Malaysia Plan
The Malaysian government will be focusing on the gig economy sector as one of the new sources of economic growth in the Twelfth Malaysia Plan (RMP12), which will outline the ...
Budget 2020 – Healthcare Receives MYR 30.6 Billion Allocation
The Malaysian government has allocated a total of MYR 30.6 billion (USD 7.37 billion) in its budget for healthcare in 2020. The allocation was tabled during the Budget 2020 ...
USD 100 Million Loan from ADB to Catalyze Private Infrastructure Investment in Indonesia
The Asian Development Bank (ADB) granted Indonesia USD 100 million in October 2019 to help catalyze private sector investments in Infrastructure projects. ADB’s assistance ...
Toshiba Awarded Contract to Supply for Geothermal Power Plant
Toshiba Energy Systems & Solutions Corporation (Toshiba ESS) has won a contract with PT Inti Karya Persada Tehnik (IKPT), a leading Engineering, Procurement and ...
Indonesia’s Halal Law Comes into Effect
Indonesia's Halal Product Law came into effect as of 17 October 2019. The Halal Law regulates the processing, materials and certification of Halal products, on top of ...
Indonesia’s First Spaceport to Operate in Papua
Indonesia is aiming to build the country's first spaceport in Biak, Papua. This is to facilitate the National Institute of Aeronautics and Space (LAPAN)’s plan to pursue a ...
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