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
Philippines to Collaborate with Russia on Nuclear Power Plants
A memorandum of agreement for a prospect of building a nuclear power plants in the county was among the 10 business deals signed by President Rodrigo Duterte during his visit ...
Philippines Receives Record Funding from ADB
The Philippines becomes the third largest recipient of loan funding from the Asian Development Bank (ADB), as the multinational donor aims to support the government in its ...
PayPal and Tinder Co-Founders Raise Seed Capital for Filipino Fintech Startup
PayPal and Tinder’s Co-Founders, together with other venture capital firms Y Combinator, Global Founders Capital, and Soma Capital, have granted a total USD 2.7 million in ...
Consortium Invests USD 685 Million in Metro Pacific Hospitals
Metro Pacific Investments has revealed it will sell a 42.5% stake in the country's largest hospital chain, Metro Pacific Hospitals Inc., to a consortium led by private equity ...
Clark Set for a New Waste-To-Energy Facility
Metro Clark Waste Management Corporation (MCWMC) has submitted an unsolicited proposal to construct a USD 210 million waste-to-Energy facility in Clark, Pampanga.
The ...
China’s HBIS and Panhua to Invest in Steel Making in the Philippines
The Philippines’ largest steelmaker, SteelAsia Manufacturing Corp., has signed a memorandum of understanding (MOU) with China’s HBIS Group Limited for their first integrated ...
Alpha Aviation Group Opens New USD 11 Million Simulator Center
Alpha Aviation Group (AAG) has recently inaugurated its simulator center expansion project in Clark Freeport in the Philippines. The USD 11 million expansion facility ...
VC, PE Funds Can Claim Income Tax Exemption in Malaysia After Three Years
The Malaysian Ministry of Energy, Science, Technology, Environment and Climate Change (MESTECC) recently announced that high-net-worth individuals, venture capital (VC) or ...
TNB to Install 9.1 Million Smart Meters in Peninsular Malaysia by 2026
Tenaga Nasional Bhd (TNB), Malaysia’s only electric utility company throughout Peninsular Malaysia and eastern Sabah is planning to install 9.1 million Advanced Metering ...
Plastic Recyclers Could Contribute MYR 20 Billion Annually to Malaysian Economy
The Malaysian Plastics Manufacturers Association (MPMA) and Malaysian Plastics Recyclers Association (MPRA) said Malaysia needed to go hi-tech in order for the plastics ...
National Fiberization and Connectivity Plan to Enhance Digital Infrastructure in Malaysia
On 19 September, the Malaysian government officially launched the National Fiberization and Connectivity Plan (NFCP) to provide robust, sustainable, high quality and ...
Malaysian Nestle’s Factory Becomes the World’s Largest Milo Manufacturing Site
Nestle (Malaysia) Bhd’s factory at Chembong has been transformed into the world’s largest Milo Manufacturing plant while making it also the largest global center of ...
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