The SPC Group, a South Korean-based company that owns the international bakery chain Paris Baguette, will invest MYR 130 million (USD 28 million) in Malaysia to create its first halal food manufacturing center. It will be the group’s first production facility in...
In an effort to establish itself as a regional hub for the developing industry, Malaysia has announced the implementation of tax incentives for carbon capture and storage (CCS). The tax incentives are a part of Malaysia’s annual budget plan, Budget 2023, with...
Shell PLC announced its second investment in Malaysia’s oil and gas sector within a month through its local unit, Sabah Shell Petroleum Co, in the phase 4 of the Gumusut-Kakap-Geronggong-Jagus East (GKGJE) deepwater offshore development project. Shell will be joining...
Malaysia’s Ministry of Defense announced that the Italian company Leonardo was chosen by the government as its preferred supplier for a maritime patrol aircraft program (MPA). The government has agreed to procure two MPAs from the company. Defense Minister...
Malaysia’s digital economy increased by 13% year over year in 2022, reaching a gross merchandise value of USD 21 billion (GMV), mostly contributed by the rise of e-commerce and the rebound of online travel. Malaysia’s GMV is anticipated to rank fourth in...
The Philippines’ imports of meat products from January to September 2022 surpassed the one billion-kilo mark, led by pork and chicken shipments. According to the latest data from the Philippine Bureau of Animal Industry (BAI), as reported by Philstar.com, the...
The Philippines’ largest fully integrated telco PLDT will continue to expand its international cable network as the initial phase of cable construction of the Asia Direct Cable (ADC) begins in Batangas, just months after the successful launch of the Jupiter cable...
Indonesia’s ice cream manufacturer Aice Brands is building a 49,070 sqm ice cream plant in the Philippines – its largest and most advanced within Southeast Asia. Targeted to be operational by October 2023, the factory is located within the 700-hectare LIMA...
Leading coffee chain brands like Starbucks Coffee, Coffee Bean & Tea Leaf, and Kenangan Coffee will be expanding in Malaysia by 2023 due to a flurry of investments from both domestic and foreign brands. Statista has predicted that the Malaysian coffee market will...
Greater Kuala Lumpur will serve as the Southeast Asia hub for Allm Inc, a provider of digital healthcare services with headquarters in Japan. Using its Join telemedicine platform, which is new to local medical experts, the company seeks to create a stroke network...
Sarawak Shell Bhd has appointed Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) as a provider of engineering, procurement and construction (EPC) services relating to an offshore platform for the Rosmari-Marjoram gas project located off the coast of Sarawak....
Shimano Components, a Japanese leading manufacturer of bicycle components and fishing equipment, will expand its production in Malaysia through the purchase of new factory in Jeram Batu, Johor state. The Malaysian real estate firm Paragon Globe’s fully owned...
