The Ministry of Investment, Trade and Industry (MITI) announced that Malaysia has attracted a Foreign Direct Investment (FDI) of MYR 132.6 billion (USD 28.3 billion) in the first half of 2023 (H1 2023), achieving 60.3% of its annual goal. The nation observed a...
Malaysia is poised to introduce its Hydrogen Economy and Technology Roadmap, strategically aiming to secure investments in green hydrogen production and position itself as a top global green hydrogen exporter by 2027. This strategic move complements the initiatives...
The Malaysian Palm Oil Board (MPOB) and Petronas, Malaysia’s leading energy entity, have joined hands to assess the viability of repurposing used cooking oil and palm oil waste into sustainable aviation fuel. This collaborative effort is consistent with the...
Aqurate Ingredients Intl (M) Sdn Bhd, an LYC Healthcare Bhd arm that specializes in functional ingredients for the food & beverage, nutraceutical, pharmaceutical, and cosmeceutical industries, has inked a memorandum of understanding (MoU) with Bereum Co Ltd and...
Google Cloud is partnering with Malaysia Airports Holdings Bhd (MAHB) and Asia Mobiliti to cater to the growing need for sustainable, digital-first travel experiences in the country. This is in line with the projection for Malaysia’s digital travel sector to...
The Sabah state government, under Chief Minister Datuk Seri Hajiji Noor, has announced the construction of a MYR 4 billion (USD 852 Million) hydroelectric dam in Ulu Padas, Tenom to address the state’s persistent water shortage. Slated for its groundbreaking in...
Ericsson, the Swedish telecommunication giant, has inaugurated its 5G production facility in South East Asia in Penang, Malaysia, in partnership with the American electronics and supply chain firm, Flex. The state-of-the-art facility is set to produce Ericsson’s...
Woodpeckers Group, responsible for managing Llaollao’s Spanish Natural Frozen yogurt in Malaysia, has inked a 20-year franchise deal with Cha Thai International, bringing the Thai tea brand ChaTraMue to the country. Under the agreement, their intention is to...
Four international renewable energy firms recently announced their collective intent to investigate prospects for manufacturing solar panel components and energy storage systems in Indonesia. The companies involved include Vena Energy, headquartered in Singapore,...
The National Research and Innovation Agency (BRIN) is in the process of formulating a strategy to facilitate the establishment of nuclear power plants in Indonesia. The Deputy for Development Policy at BRIN recently emphasized the potential of nuclear energy to...
State-owned company PT Hotel Indonesia Natour (HIN) has recently called for domestic and international investors to enhance and fortify facilities and services within the Health Special Economic Zone (SEZ) located in Sanur, Denpasar, Bali. PT HIN’s President...
Indonesia has taken significant steps to enhance its defense capabilities. In a strategic move, Indonesia signed a Heads of Agreement (HoA) with Sikorsky for the procurement of 24 Lockheed Martin/Sikorsky S-70M Black Hawk helicopters. This agreement, facilitated by PT...
