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Forging resilience: How South-east Asia is digitalising trade to overcome headwinds

RISING costs, tariffs and regulatory uncertainty are among the largest challenges faced by South-east Asia’s trade networks. But the region’s businesses are finding new ways to keep their supply chains resilient through deeper integration with digital tools, according to Standard Chartered (StanChart).

Fresh off the back of substantial conclusions to Asean’s Digital Economy Framework Agreement (Defa) in Kuala Lumpur on Oct 24, this digital wave can help the region drive greater inter-region trade and inclusivity.

Sunil Kaushal, StanChart’s co-head of corporate and investment banking and chief executive officer of Asean and South Asia, noted that a majority of regional corporates were expecting supply chain realignments to increase costs by about 10 to 19 per cent.

In response, up to 70 per cent of South-east Asian businesses are setting in motion plans to digitalise their supply chain management, based on a study by StanChart in September.

This includes using digital supply chain finance platforms, which help businesses use data to optimise their use of cashflows and working capital.

“These platforms also enable transparency, reduce friction and speed up payments, supporting suppliers, buyers and smaller Asean businesses,” Kaushal noted.

Additionally, the use of artificial intelligence (AI) provides businesses with crucial cost-saving and productivity-boosting capabilities, such as predictive analytics, real-time fraud monitoring and reducing human error, he said.

“AI and big data have massive potential to improve productivity, visibility and efficiency of supply chains,” Kaushal added.

He noted that developing innovations such as programmable money – where rules and conditions about payments can be embedded via smart contracts – are also likely to transform supply chain finance.

Digital economy is key to regional integration

Asean’s younger demographics, paired with progressive regulations, have enabled the region to swiftly adopt many such digital tools, Kaushal said.

“Investments in digital transformation, regulatory and legal digital economy frameworks are central to trade resilience.” They enable businesses to be agile, help overcome trade barriers, and strengthen Asean’s position as a trade bloc, he added.

Improving intra-regional trade in South-east Asia has become increasingly critical to Asean’s economic ambitions, as the region’s leaders highlighted during the Asean Summit in October.

South-east Asia’s digital economy remains a critical aspect of greater regional integration.

Prior to the summit on Oct 24, regional economies announced they had reached a substantial conclusion on the Asean Digital Economy Framework Agreement (Defa). The pact is set to be signed next year, in an effort to boost cooperation across a range of areas including digital trade, e-commerce and cross-border data flows.

Such digital integration could hold the key to inter-regional trade resilience, said Kaushal. Cross-border tools, such as cloud-based corridors between Singapore, Indonesia and Malaysia, could aid South-east Asian countries in turning to each other rather than extra-regional hubs, he noted.

Kaushal added that a stronger digital economy would work in parallel with greater inter-regional trade and supply chain corridors, such as the Johor-Singapore Special Economic Zone, with e-commerce among the most promising sectors to tap on infrastructure growth.

“Driven by the region’s youthful, tech-savvy population and the rapid expansion of digital channels, we see a clear trend of re-shoring and proximity manufacturing to serve Asean demand,” he explained.

Malaysia’s Minister for Investment, Trade and Industry Tengku Zafrul Aziz had noted earlier in the year that e-commerce trade under Defa could hit US$2 trillion by 2030.

The framework would also ensure greater inclusivity for over 70 million small and medium-sized enterprises (SMEs) in the region’s digital transformation, Zafrul said.

Such smaller enterprises and suppliers, Kaushal added, also stand to benefit from adopting digital supply chain finance platforms – these can help cascade financing to smaller suppliers, making supply chains more inclusive and resilient.

Government and industries must work together

Crucially, governments and industry partners will need to effectively expand access to trade financing to such smaller players, enabling them to integrate into global value chains.

Kaushal noted that such cooperation between governments and industries is critical to maintain the region’s competitiveness within global trade.

Further cooperation could include the acceleration of digital and data interoperability to integrate trade and financing platforms across borders, and greater strategic investment in logistics, ports and digital infrastructure like data centres.

Efforts to harmonise customs, procedures and standards would also enable South-east Asia to integrate more effectively as a trade hub, he added.

StanChart’s report also noted a greater demand among regional respondents to diversify their supply chains geographically, to reduce overreliance on any single trade corridor.

Likewise, ties from beyond the region are being forged with South-east Asia’s economies as global supply chains undergo a major recalibration.

Asean’s economies signed with China an upgraded “3.0” version of their free trade agreement on Oct 28, which will include sections on the digital and green economy, among other new industries.

In September, Indonesia signed a pact with the European Union (EU), joining other South-east Asian countries Singapore and Vietnam in establishing bilateral free trade with the bloc. The EU is also in talks with Malaysia, Thailand and the Philippines for similar deals.

Kaushal noted, however, that he expects the US to maintain its position as a major trade partner for the region.

“The US continues to be an important market and innovation hub, given its technology leadership and substantial consumer base, and many corporates plan to maintain or expand their presence there,” he said.

StanChart said that it is actively supporting South-east Asian clients in using strategic levers to tap on these trends.

“As production bases diversify and intra-Asean trade deepens, our focus is on helping clients stay ahead,” said Kaushal.

A deep cross-border network and on-the-ground presence across 54 countries, he noted, enables StanChart to help clients navigate shifts in global and regional supply chains.

“This involves connecting them across emerging trade corridors, supporting their liquidity and risk management needs, and enabling their digital transformation so they can capture opportunities in this dynamic and interconnected region.”

Source: The Business Times, 3 Nov 2025 (Forging resilience: How South-east Asia is digitalising trade to overcome headwinds - The Business Times)

Seven companies from Singapore, Malaysia and Hong Kong bag top honours at the 2025 Emerging Enterprise Awards

[SINGAPORE] Seven young companies from Singapore, Malaysia and Hong Kong bagged top honours for their innovative and sustainable solutions at the 2025 Emerging Enterprise Awards on Thursday (Nov 20).

Now in its 18th year, the annual Emerging Enterprise Awards recognises the innovation, resilience and excellence of businesses under 10 years old across the region. It is jointly organised by The Business Times and OCBC Bank.

Nearly 600 applications from a range of industries were received this year, with over a third from Hong Kong, Indonesia and Malaysia. Thirty companies made the cut as finalists.

Singapore-based Evo Commerce and Mesh Bio, together with Malaysia-based Dodo Ventures, were the three winners of the Emerging Enterprise Award.

The category celebrates early-stage enterprises with enterprising mindsets that drive consistent, significant and sustainable growth, leading to excellent business performance. These businesses also displayed the ability to scale and expand overseas.

Evo Commerce offers premium but affordable grooming and beauty products under its flagship brand, Stryv. These include hairstyling tools, grooming devices, oral-care solutions and co-branded products with brands such as Disney and Sanrio.

Stryv has 17 retail stores in Singapore and Malaysia, along with an online presence in these markets and in Hong Kong. It plans to expand into Indonesia, Taiwan, the Philippines, Thailand and beyond.

Mesh Bio is a healthtech company specialising in clinical decision support and automation for the management of chronic diseases. It serves the markets of Singapore, Indonesia, Philippines and Hong Kong.

Its flagship product, the Dara Health Intelligence Platform, integrates patient data to deliver predictive analytics and personalised care. It has also developed HealthVector Diabetes, a medical device using proprietary digital twin technology to predict chronic kidney disease in diabetes patients.

Malaysia-based Dodo Ventures has rolled out skincare brand Dododots, which makes pimple patches. Operating in a niche acne-care segment, the company has redefined acne care with effective and stylish skincare solutions.

It currently serves markets in the Asia-Pacific, the Gulf Cooperation Council, North America and Latin America through direct operations and distributor partnerships.

 

At the awards ceremony held at the JW Marriott Hotel Singapore South Beach on Thursday evening (Nov 20), Low Yen Ling, Senior Minister of State for Trade and Industry, said the awards are a launchpad for visionary, early-stage enterprises that are ready to scale, and that the winners benefit from financing, media publicity and consultancy support.

Low, who is also Senior Minister of State for Culture, Community and Youth, noted that Singapore enterprises have continued to seize opportunities abroad, reinforcing Singapore’s reputation “as a dynamic hub for innovation and enterprise”.

Their internationalisation efforts will propel them to “the next bound of growth”, especially as regional markets mature, she said.

It is also inspiring to see young enterprises making sustainability a core part of their business, she added, noting that many have adopted circular-economy models, low-carbon technologies and responsible sourcing.

The Emerging Enterprise Sustainability Award was conferred on three companies: Singapore-based Hydroleap, Malaysia-based Green Environmental Engineering, and Hong Kong-based My Care Healthcare.

The award recognises emerging enterprises capitalising on growth opportunities in the green economy. These businesses have prioritised sustainability and leveraged technology and innovative solutions to make the transition towards becoming low-carbon.

Hydroleap is a Singapore greentech company that offers sustainable and cost-effective wastewater treatment solutions. Using electro-coagulation and electro-oxidation technologies, it delivers chemical-free, automated, plug-and-play systems for industrial wastewater, cooling towers and desalination processes.

Malaysia’s Green Environmental Engineering delivers integrated sustainability solutions for environmental challenges such as renewable energy integration, wastewater treatment and air pollution.

Its offerings include activated carbon manufacturing and reactivation, dust collectors, scrubbers, biomass, waste-to-energy facilities, as well as the proprietary PureFlux Carbon Capture and Storage System.

Hong Kong’s My Care Healthcare manufactures food for patients with difficulty swallowing, and for those with diabetes and kidney disease, on top of innovative eating utensils for swallowing disorders.

The company primarily caters to seniors aged 65 and over, especially patients with chronic illnesses. It operates food factories that focus on reducing waste, lowering consumption and maximising recycling.

 

The Most Promising Start-up Award was handed to Hivebotics, a Singapore startup in the field of artificial intelligence-driven facility management robotics.

The award recognises startups that have developed a unique and commercially viable idea with potential to be sustained in the long run.

Hivebotics has developed Abluo, an autonomous restroom cleaning robot that handles complex cleaning tasks traditionally performed by humans. It can clean toilets in just five minutes, enabling significant cost savings.

Beyond toilet cleaning, the company offers multifunctional facility-management solutions such as advanced chemical water jets and high-pressure steam systems.

 

All six winners of the Emerging Enterprise Award and Emerging Enterprise Sustainability Award categories will receive a two-year interest-free term loan of up to S$200,000 – or their local currency equivalent – from OCBC, on top of a consulting package from RSM Singapore worth S$15,000.

The winner of the Most Promising Start-up Award will receive a two-year interest-free term loan of up to S$100,000 from OCBC.

All will be featured in BT’s print, digital, social media, radio and podcast channels in Singapore and the region.

BT editor Chen Huifen said: “The quality of entries this year – both in innovation and growth potential – reaffirms why this award remains one of the most prestigious benchmarks for emerging enterprises in the region.”

Christie Chu, head of emerging business, international and global commercial banking at OCBC, lauded the courage of these entrepreneurs “to push boundaries and take bold steps” in the name of progress.

“Their achievements reflect unwavering dedication, disciplined execution and courage to pursue excellence – even in uncertain times,” she said.

The 2025 Emerging Enterprise Awards is supported by the Agency for Science, Technology and Research, Enterprise Singapore, Mastercard, Paia Consulting, Rajah & Tann Asia and RSM Singapore.


Source: The Business Times, 20 November 2025 (Seven companies from Singapore, Malaysia and Hong Kong bag top honours at the 2025 Emerging Enterprise Awards, Emerging Enterprise - THE BUSINESS TIMES)

Expert guidance, business insights, wide network: How companies can navigate new markets more easily

FOOD and beverage entrepreneur Goh Mui Wi found herself in Bangkok earlier this year – not on holiday, but on a mission.

She was attending an overseas market workshop organised by the Singapore Business Federation (SBF), carefully evaluating how best to enter the Thai market for the next chapter in her company’s growth story.

“The workshop was critical to my decision-making process,” says Goh, founder of Full Circle Holdings, which operates several dining concepts in Singapore including Taki Izakaya Bar, Vibe Bistro and Taylor Adam. “After it, I felt much more connected and knowledgeable about the market.”

The former banker-turned-restaurateur had been studying Thailand’s landscape closely – from consumer preferences to business regulations. “Thailand’s market is vibrant and competitive, and consumer expectations are high,” she explains. “We needed to understand not only local taste preferences but also how to build the right partnerships on the ground.”

For Goh and many other Singapore entrepreneurs, Thailand represents both opportunity and challenge. Navigating foreign regulations, building trusted partnerships and understanding cultural nuances take time and expertise. That is where the SBF plays a vital role: to foster an ecosystem of knowledge, networks and collaboration that helps companies expand confidently across borders.

These efforts come as economic ties between Singapore and Thailand continue to strengthen. Last year, bilateral trade grew 6.4 per cent to reach $44.47 billion. Thailand was Singapore’s ninth-largest trading partner overall and its third-largest within Asean. On the investment front, Singapore has been among Thailand’s top investors since 2015 and became its largest foreign investor in 2024, contributing 357.5 billion baht (S$14.2 billion) – about 43 per cent of all foreign direct investment applications.

As Singapore companies look beyond their home market to tap into growth opportunities across the region and beyond, turning opportunity into strategy becomes key, and it starts with a clear understanding of each market’s legal and regulatory landscape.

Navigating the legal maze

For companies seeking to expand to Thailand, it requires more than ambition – it demands expertise, local knowledge and careful preparation.

Mahanakorn Partners Group (MPG) chairman and managing partner Luca Bernardinetti knows this first-hand. Based in Bangkok, the lawyer has spent nearly two decades helping Singapore companies establish operations in Thailand.

“Companies often underestimate Thailand’s complex laws and permit timelines,” he says. “Thai regulations limit foreign ownership and require Thai language documents, creating significant challenges for outsiders.”

 

The pitfalls are common – and costly. Rushing in without checking ownership rules, licenses and labour laws can lead to fines or forced restructures. Choosing the wrong local partner, often required due to ownership limits, can derail entire ventures.

“We’ve collaborated with SBF for about 10 years now, publishing an annual Investing in Thailand business report,” Bernadinetti adds. “It gives Singapore businesses a clear view of investment incentives, key sectors, and both opportunities and risks.”

Established in 2002, SBF is Singapore’s apex business chamber, championing the interests of the business community in trade, investment and industrial relations. With more than 32,000 member companies, SBF supported over 1,900 firms in their globalisation efforts last year through market entry advisories, partnership facilitation and business setup assistance.

Bernardinetti notes that cooperation between Singapore and Thai firms now extends beyond trade into technology, logistics and green energy, where Asean integration is opening new growth opportunities.

SBF’s support extends beyond Thailand, helping small and medium-sized enterprises (SMEs) tap opportunities in Vietnam, Indonesia, India, the Middle East and Europe, where local networks and market-entry expertise are crucial.

Getting future-ready

Among those in the SBF network helping SMEs expand in the region is Terence Ang, partner and head of advisory at RSM Singapore, a firm that provides audit, tax and advisory services to support business expansion at home and overseas.

Ang supports clients expanding across Asean, Hong Kong, China and beyond, with a focus on governance, digitalisation and financial readiness.

“Singapore companies are generally strong in governance and efficiency,” Ang says. “When entering Thailand or other overseas markets, the next step is becoming future-ready – by embracing digitalisation, sustainability and cross-border collaboration.”

RSM puts this into practice with clients like Allswell Trading, a Singapore distributor of wellness products and beverages including Red Bull. The firm helped replace outdated manual processes with digital systems, using Microsoft cloud tools and Power BI dashboards to modernise accounting and connect business data – enabling faster decisions, remote work and greater agility.

RSM also provides insights on regulatory shifts, tax compliance and business strategy for companies venturing abroad. “Our partnership with SBF allows us to reach SMEs that are serious about scaling regionally and globally but need structured guidance,” Ang says.

“To be future-ready, companies must be compliance-ready and stay ahead of regulations,” he adds. “Beyond meeting requirements, they must show partners that they’re actively greening their operations – that’s what makes them attractive in today’s market.”

A shared growth story

For entrepreneurs like Goh, this ecosystem of collaboration and knowledge-sharing provides businesses the confidence needed to grow beyond Singapore’s borders.

“SBF has been a key supporter in my decision to enter the Thai market,” she says. “Through the market workshop, which brought together local experts and industry players, I had the chance to interact directly with them to clarify uncertainties and ask questions.”

Looking ahead, Goh sees Thailand as part of a broader regional and global journey as she focuses on expanding the business beyond Singapore in the next 10 years.

“As a Singapore SME expanding into Thailand, I see myself contributing back to SBF as another success story,” she says. “With the right partners and preparation, we can build bridges across borders – one step at a time.”


Source: The Business Times, 26 Nov 2025 (Expert guidance, business insights, wide network: How companies can navigate new markets more easily - The Business Times)

Mastercard Asean Inclusive Growth Summit: Fuse Financing spotlights digital solutions to MSMEs' formal credit access

MANILA, Philippines — Small businesses remain the backbone of Southeast Asia’s economy, generating two out of every three jobs across the region. Yet despite their vital role, micro, small and medium enterprises (MSMEs) continue to face systemic barriers that hinder their growth—chief among them, limited access to capital.


At the recently concluded Mastercard ASEAN Inclusive Growth Summit (AIGS), public and private sector leaders gathered to discuss how to turn these barriers into breakthroughs.


Fuse Financing Inc., the lending arm of GCash, a leading finance superapp and the largest cashless ecosystem in the Philippines, joined the dialogue as a key private sector partner accelerating access to capital, data and product innovation for MSME growth across the region.


The panel session, titled “Small business: From barriers to breakthrough,” featured Fuse Financing president and CEO Tony Isidro, ASEAN Business Advisory Council (ASEAN-BAC) Philippines chairman and Go Negosyo founder Joey Concepcion III and Beacon Fund co-founder and CEO Shuyin Tang, moderated by Mastercard Center for Inclusive Growth senior vice president for social impact Subhashini Chandran.


Isidro highlighted how digital tools are transforming credit access. In the Philippines, many MSMEs do not have access to formal lending because of lack of requirements, such as credit history.


“In the case of Fuse, we created a proprietary trust score, which we call GScore, which is in turn based on the MSME's footprint in the GCash ecosystem,” Isidro said. “Through GScore, we're able to remove the friction that's otherwise associated with formal lending—including collateral [and] additional documents.”


Isidro noted that this data-driven approach allows them to identify eligible MSMEs who otherwise would have to resort to informal channels with abusive rates and harassment, enabling them to borrow to expand their business "with dignity.”

He stressed that achieving sustained progress requires collaboration with like-minded partners.


“It's also important to note, and certainly for us, this is our belief, that no one organization can do that. It's this collaboration that will help move the needle for MSMEs in the Philippines,” the GCash official said. As of the third quarter of 2025, Fuse has disbursed a total of P323 billion ($5.5 billion) to 10.2 million unique borrowers. One in three borrowers are small business owners, three in five are women, and four in five come from the mass market. Each loan helps users build a digital credit record, empowering them to access better rates over time while encouraging responsible borrowing through clear repayment terms and flexible payment options.


Chandran, meanwhile, agreed that financing should be more accessible to MSMEs. “[One] of the things we noted is that the health of Southeast Asia's economy really depends on how we finance the missing middle of small and growing businesses,” the Mastercard official explained.


Representing the private sector, Concepcion emphasized that sustained progress requires long-term collaboration between business and government. “Big business, big countries who are able to have enough, should share with the smaller countries who have less,” he said. “[The] private sector cannot do it alone. You have to partner with your government. But it is not an overnight solution—it will take many years.”


From the investor’s perspective, Tang called for more targeted approaches to SME financing. “We really need to challenge ourselves to think a little differently about how [we can] localize our fund structures and models to meet what the market really needs,” she said.


The panel concluded that enabling MSMEs to thrive demands a comprehensive, multi-year approach anchored in strong public-private partnerships. Through collaboration and digital innovation, Asean economies can help small businesses scale proven solutions to ensure the vitality and stability of the region’s economic ecosystem.

 

Source: Philstar, 5 Dec 2025 (Mastercard ASEAN Inclusive Growth Summit: Fuse Financing spotlights digital solutions as key to expanding formal credit access to MSMEs | Philstar.com)

Malaysia’s Johor launches 7,300-acre innovation sandbox, part of new special economic zone with neighboring Singapore

The Malaysian state of Johor is debuting a sprawling new innovation sandbox, bolstering its plans to build a “regional champion” alongside the border with Singapore. 

The 7,300-acre development—named Ibrahim Technopolis (IBTEC)—is located within the Johor-Singapore Special Economic Zone, a new strategic partnership between Singapore and Malaysia meant to create over 20,000 jobs for people on both sides of the causeway. Designed to be Asia’s largest innovation sandbox, it will concentrate high-value industries like medtech, logistics, data centers and agritech. 

IBTEC, formally launched on Dec. 2, will make “production smarter, supply chains more resilient and operations more efficient,” said developer JLand Group, the real estate arm of Johor Corporation, in a press statement. 

The innovation park is part of a broader plan to tap Johor’s proximity to Singapore to attract investments from high-tech industry and other advanced manufacturing. 

Malaysia and Singapore formally launched the special economic zone earlier this year. Part of the agreement involves measures to make it easier to travel back and forth between Singapore and Johor, already one of the busiest land border crossings in the world. 

Officials have high hopes for the SEZ. The goal is to make it a “regional champion,” and not just “an industrial park with a nicer brochure,” YB Lee Ting Han, chair of the Johor State Investment, Trade, Consumer Affairs and Human Resources Committee, said at the Fortune Innovation Forum on Nov. 17. 

Johor, and Malaysia in general, offers lower costs and greater access to resources like land for foreign companies, even as these firms continue to base higher-value activities in more expensive Singapore. 

“While Johor offers land and scale, Singapore offers capital and speed. So this is the opportunity that I feel we need to capitalize [on], where we can complement each other,” Datuk Syed Mohamed Syed Ibrahim, Johor Corporation’s president and CEO, told the audience at the Fortune Innovation Forum on Nov. 17.

Tapping the data center boom

Demand for data centers has skyrocketed in response to the AI boom. Southeast Asian countries are hoping to attract new data center investments from operators looking for cheap power and proximity to booming markets in the region. 

New economic complexes like IBTEC have sprouted in response, designed to house and manage critical IT infrastructure providing computational power to train AI models on vast datasets. 

Singapore’s small land mass and costly industrial power tariffs have pushed investors to look north; Johor’s power tariffs stand at 13.5 cents per kilowatt-hour, almost half of the 23.9 cents charged by its neighboring city-state.

StepEast, a data center hub within IBTEC, has already secured more than 30 billion Malaysian ringgit ($7.28 billion) in investments from 11 international operators, reported the Business Times, a Singaporean newspaper. This includes big tech conglomerates like Microsoft.

“We are building the infrastructure, systems and execution capacity so that investors can come in faster and grow with more certainty,” Datuk Sr. Akmal Ahmad, the group managing director of JLG and JCorp’s director of real estate and infrastructure division, said in the Dec. 2 statement. 

Data center operators are paying attention. “Johor is adding data center capacity at a speed and scale I’ve not seen ever anywhere else,” Rangu Salgame, CEO of Singapore-based data center operator Princeton Digital Group, told Fortune in April.

Benefits for local businesses and SMEs

Despite being a project of massive scale, IBTEC will focus on the needs of SMEs and local Malaysian businesses, JLG added. The development will offer them shared facilities and plug-in spaces, where they can collaborate with larger industry players.

“We will measure IBTEC’s success not only by the investments it attracts, but by how it helps Malaysians and Johoreans move up the value chain—as workers, entrepreneurs and communities,” said Akmal Ahmad. “That is how we intend to prove the real impact of this ecosystem.”

“We really need to be able to connect our SMEs to global supply chains and to create brands owned within the zone,” Lee, from the Johor state government, said at the Fortune Innovation Forum.

IBTEC will also enable Malaysian start-ups to better partake in regional supply chains, open new doors for local entrepreneurs, and further the Southeast Asian nation’s goal of achieving sustainable, innovation-led development.

“IBTEC is an investment for the next generation, and a signal that Johor is ready to compete on a different frontier,” Syed Ibrahim added in JLG’s press statement. 

Malaysia as a whole has attracted 285 billion Malaysian ringgit ($69 billion) in approved investment (or proposed investment projects that have received all the necessary licenses) in the first three quarters of the year, up 13% year-on-year, according to a Dec. 3 report from Nomura. The state of Johor alone is responsible for almost a third of that total, with investments into the state totaling 91 billion ringgit ($22 billion) in the first nine months of 2025.

Nomura now expects Malaysia’s economy to grow by 5.2% next year, up from an earlier forecast for 4.0%. “We expect strong investment-led growth to persist into 2026, sustained by the implementation of more reforms and infrastructure projects, and progress in the Johor-Singapore Special Economic Zone (JS-SEZ),” Nomura’s analysts wrote in their Dec. 3 report. 

Source: Fortune, 9/12/2025 (https://fortune.com/2025/12/09/johor-launches-ibtec-singapore-sez-data-centers/)

Brunei's total trade hits BND1.69b in September

Brunei Darussalam's total trade in September 2025 reached BND1,695.7 million, according to
the latest International Merchandise Trade Statistics released by the Department of Economic Planning and Statistics (DEPS), Ministry of Finance and Economy. 

Exports were valued at BND1,025.0 million, while imports amounted to BND670.7 million for
the month. Mineral fuels continued to dominate export earnings, contributing 76.7 per cent, followed by chemicals at 21 per cent, and machinery and transport equipment at 0.9 per cent. Australia was the largest export destination, accounting for 22.2 per cent of total shipments, followed by China (21.2 per cent) and Singapore (16.5 per cent), mainly driven by mineral fuels and chemical products.

On the import side, mineral fuels represented the biggest share at 61.6 per cent. Machinery
and transport equipment made up 11.7 per cent, while food imports accounted for 8.1 per
cent. Malaysia remained Brunei's top import partner, supplying 27 per cent of total imports,
ahead of Singapore (18.8 per cent) and Australia (9.9 per cent).

DEPS reported that 57.2 per cent of imports were used as intermediate goods for processing, followed by capital goods for business operations at 39.1 per cent, and consumption goods for household use at 3.7 per cent.

Source: Borneo Bulletin

Read the full article here


Boosting MSMEs for economic growth

Bruneian companies are increasingly moving up the value chain - supplying, innovating and
partnering with larger industry players - not only to meet domestic demand but also to
compete regionally. Recognising the role of foreign direct investments (FDIs) and government- linked companies (GLCs) in shaping the nation's economy, the Brunei Economic Development Board (BEDB) continues to advance in-country value (ICV) and strengthen micro, small and medium enterprises (MSMES).

The role of BEDB in supporting local MSMEs and FDIs was highlighted by Deputy Minister of
Finance and Economy (Economy) Dato Seri Paduka Haji Khairuddin bin Haji Abdul Hamid, Co- Deputy Chairperson of BEDB, in his keynote address as the guest of honour at the opening ceremony of Enterprise Growth Connect (EGC) 2025 at the Indera Samudra Grand Hall, The Empire Brunei.

Through the DARe LINKS platform, he said, "We have been actively supporting the growth of
local enterprises by sharing upcoming opportunities, conducting vendor briefings and raising industry awareness on current and future demand. These efforts ensure Bruneian businesses are informed, prepared and positioned to participate meaningfully in higher-value segments of our national supply chains."

Source: Borneo Bulletin

Read the full article here


Brunei, Singapore eye agri-tech food zone

The Ministry of Finance and Economy (MoFE) of Brunei Darussalam, in collaboration with the Ministry of Sustainability and the Environment (MSE) of Singapore and the Singapore Food Agency (SFA), will undertake a joint feasibility study on the establishment of a Brunei-Singapore Agri-Tech Food Zone (ATFZ).

The ATFZ is the main outcome of discussions with Singapore Prime Minister and Minister for Finance Lawrence Wong during the 11th Brunei-Singapore Young Leaders' Programme.
The zone is also envisioned as a strategic expansion of multiple Brunei-Singapore memorandums of understanding (MoUs) signed previously to strengthen bilateral economic and agri-food cooperation.

According to the MoFE, the ATFZ aims to enhance food supply resilience for both countries; facilitate high-value agri-food investments; create employment opportunities and build local capabilities within the sector; foster agri-technology innovation; and position Brunei and Singapore as regional leaders in sustainable and technology-driven agri-food production.

The initiative seeks to leverage Brunei's strategic advantages in land availability and economic diversification goals, alongside Singapore's expertise in agri-technology, regulation and market connectivity.

The ATFZ is expected to support the development of a competitive ecosystem enabling the production, processing and export of high-quality food products to regional and global markets.

The joint study will involve key stakeholders including the Ministry of Primary Resources and Tourism (MPRT), the Brunei Economic Development Board (BEDB) and the Brunei Darussalam Food Authority (BDFA).

Source: Borneo Bulletin

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Australia-Brunei business forum highlights strengthening agrifood partnership

Senior government and industry leaders from Australia and Brunei Darussalam
gathered yesterday for the Australia-Brunei Business Forum and Networking Event,
underscoring both nations' shared commitment to food security and economic
growth.

Co-hosted by the Australian Trade and Investment Commission (Austrade) and the
Ministry of Finance and Economy, the forum formed part of the 2025 Australian
Strategic Agribusiness Partnership Mission to Brunei. The event aimed to deepen
commercial ties and explore new opportunities across the agrifood sector.

Guest of Honour Minister at the Prime Minister's Office and Minister of Finance and
Economy II Dato Seri Setia Dr Awang Haji Mohd Amin Liew bin Abdullah, opened
the forum. In his remarks, he emphasised the importance of strong, reliable
partnerships amid global uncertainties.

"To navigate these uncertain times, we increasingly need to rely on trusted partners
to secure future growth," he said. He added that Australia's Southeast Asia
Economic Strategy to 2040 reflects a shared commitment to strengthening regional
cooperation in trade, investment, innovation and connectivity. 

Source: Borneo Bulletin

Read the full article here


APEC research: SMEs with robust ethics programs more trade-ready

Health-focused small and medium-sized enterprises (SMEs) in the Asia-Pacific Economic Cooperation (APEC) region with robust ethics and compliance programs are more competitive and trade-ready, according to new APEC research. 

Through in-depth interviews with 17 SMEs in health-related sectors across nine APEC economies, the research identified components of ethics maturity that stood out by yielding the greatest economic benefits to these firms. 

It showed that employee training at onboarding, conflict of interest policies, robust due diligence of business partners and unwavering compliance with local laws, regulations, and customs procedures are the most common components of ethics that provide the ability to unlock new markets, strengthen partnerships, and drive long-term growth. 

“SMEs view trust and reputation as fundamental to achieving economic success, built through a steadfast commitment to ethical standards,” the study, Deepening the Value of Business Ethics for APEC SMEs, said. 

These qualities contribute to several key advantages: improved access to business partners and tendering opportunities, decreased exposure to demands for illicit payments or unethical practices, and more efficient regulatory approvals with fewer administrative obstacles, it said. 

The study said health-related SMEs are motivated by the goal of becoming trusted and valued partners within resilient supply chains to adopt such programs.

It said building this resilience requires multinational corporations to lead the promotion of high ethical standards, while SMEs adopt these standards to position themselves as reliable distributors, suppliers, or service providers. 

“By conducting rigorous due diligence on business partners, SMEs contribute to the development of robust supply chains that are less vulnerable to disruptions caused by allegations of corruption,” it added. 

The research also found that industry codes of conduct, often developed and maintained by industry associations, serve as a vital tool for health-related SMEs to advance their ethics maturity. 

“These codes enable resource sharing, reduce costs, and accelerate the journey toward ethical maturity. By establishing clear standards, they help SMEs implement the necessary policies to secure business partnerships and gain access to local procurement opportunities,” it said. 

Derived from these findings, the research offers specific recommendations for those who work to advance business ethics and integrity, either within or in partnership.

“SMEs should implement the key components of ethical maturity that drive economic growth and unlock new opportunities,” it said. 

The research said MNCs should continue supporting SMEs in achieving ethics maturity by promoting high ethical standards and providing tailored guidance on implementing effective ethics programs. 

“By upholding these standards and requiring their business partners to adhere to them, MNCs and SMEs can together build more resilient supply chains and unlock greater business opportunities,” it said.

The research further said industry associations, on the other hand, should continue to prioritize the development and reinforcement of ethics codes, as these serve as valuable tools for building SME capacity and supporting their ability to adhere to ethical practices. 

“Strengthened ethics codes also help SMEs reach ethical maturity more efficiently and at a lower cost, leading to positive economic outcomes,” it added.

The additional research validates the findings from the previous research from the Business Ethics for APEC SMEs Initiative indicating that health-related SMEs with strong ethics maturity saw an expansion of crossborder trade opportunities, reduced staff turnover, higher employee wages, and an overall benefit to economic performance. 

PHILEXPORT News and Features
Published: October 3, 2025

PDS and Singapore’s Aliyah Rizq partner to pioneer cattle breeding in Brunei

PDS Abattoir has signed a Memorandum of Understanding (MoU) with Singapore’s Aliyah Rizq Holdings to pilot the sole commercial cattle breeding programme in Brunei, as part of a wider livestock breeding initiative that also includes sheep and buffalo.

The cattle breeding pilot will begin with a trial involving the import of ten parent stock as a proof of concept. This will evaluate breeding success rates, operational challenges, and the overall feasibility for commercial expansion, which would require substantial investment.

Implementing a local breeding programme marks another significant expansion PDS Abbatoir – which became a wholly government-owned company in 2021 – and has traditionally been focused on importing livestock for slaughter and meat processing.

During the COVID-19 pandemic, PDS expanded its value chain to include feedlotting – the process of importing young livestock to be raised and fattened to commercial size before slaughter. The new breeding programme takes this a step further, aiming to establish a complete livestock ecosystem within Brunei.

PDS General Manager Sabirin Othman explained on the sidelines of the MoU signing on September 1 that while Brunei has small-scale breeding of sheep and buffalo, there is currently no commercial-scale breeding of cattle.

He said partnering with Singapore’s Aliyah Rizq Holdings brings in a partner with proven breeding expertise and international experience. Established ten years ago, the company has since scaled to 60,000 livestock across seven countries through its cluster-based farming model.

Source: Borneo Bulletin

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Thailand’s Enserv to launch Brunei’s first sorghum cultivation and processing project

Thailand’s Enserv Holding will launch Brunei’s first sorghum cultivation and processing initiative by year’s end, leveraging the crop’s versatility for applications in food, health and renewable energy.

Through its local arm Enserv BN, the company signed a tenancy agreement with the Department of Agriculture and Agrifood (DOAA) on September 4. It will establish a sorghum nursery at the Bio Innovation Corridor in Rimba and cultivate the crop at the nearby Agricultural Development Area (KKP) in Tungku, spanning a total of three hectares and supported by processing facilities for flour and biomass.

The initial sandbox phase will test the commercial feasibility of Enserv’s EMF3 platform (Food, Fuel, Fundamentals), which positions sorghum – a grain originating from Africa – as a “super crop” with potential for a value chain spanning food to renewable fuels. If successful, the project will advance to commercial-scale production.

Enserv Chairman Tanachat Pochana explained that the sorghum grain, which is gluten-free and rich in micronutrients, will be processed into resistant starch flour to produce EMF Rice, a low-calorie carbohydrate alternative suitable for diabetics and those managing their weight.

The stalks can be converted into solid biofuels such as biocrude oil and biocoal, while the sweet sap, traditionally used for molasses, can be fermented into bioethanol with further applications in biobased energy storage. By-products from these processes, such as bran and distillers’ dried grains, can also be used for animal feed.

Source: Biz Brunei

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