A consortium led by Malaysian property developer LBS Bina Group has awarded an MYR 104 million (USD 22 million) Engineering, Procurement, Construction, and Commissioning (EPCC) contract to Solarvest, a regional leader in clean energy solutions. The contract covers the...
The World Bank has raised its projection for Malaysia’s economic growth in 2024 to 4.9%, an increase of 0.6 percentage points from its earlier forecast of 4.3% in April 2024. This revision reflects Malaysia’s stronger-than-expected performance in the first half...
The Malaysian government has allocated MYR 675 million (USD 143 million) in Budget 2025 to strengthen its maritime security capabilities. This funding will be used to procure three new vessels as well as to upgrade vessels. Currently, the Malaysian Maritime...
Thai Beverage (ThaiBev), a Thai-Singapore food and beverage company, is making a strategic investment of THB 9.5 billion (USD 263 million) in the AgriValley Malaysia project. AgriValley Malaysia is set to become a production hub for halal-certified products, which...
Chick-fil-A, Inc., the third-largest quick-service restaurant chain in the United States by sales, has announced plans to open its first restaurant in Singapore in late 2025, marking its entry into the Asian market. The expansion is part of a 10-year, USD 75 million...
KLA, a global leader in semiconductor equipment and services, has completed the first phase of its USD 200 million expansion in Singapore, unveiling a state-of-the-art manufacturing facility. The Phase 1 building, spanning 200,000 square feet, includes advanced...
PSA Singapore has launched the construction of the PSA Supply Chain Hub @ Tuas (PSCH), a two million-square-foot facility designed to transform logistics and supply chain operations in Singapore. Positioned within the Tuas Port Free Trade Zone, the hub will serve as a...
OpenAI, known for its development of generative artificial intelligence technologies like ChatGPT, is set to open its second Asian office in Singapore in late 2024. This new office will be OpenAI’s fourth international location, following branches in London,...
The Singapore Government has announced an SGD 200 million (USD 149 million) investment over five years to enhance the use of artificial intelligence (AI) tools and genomics data in its public healthcare sector. This funding, through the Ministry of Health’s (MOH)...
The Energy Market Authority (EMA) has initiated a Grant Call to support feasibility studies for carbon capture and storage (CCS) in Singapore’s power sector. Targeting power generation companies and industry partners, the initiative aims to explore CCS pathways...
Singapore is advancing its efforts to harness distributed energy resources (DERs) through a Consultation Paper and Call for Regulatory Sandbox Proposals, launched by the Energy Market Authority (EMA) in collaboration with SP Group. This initiative aims to explore the...
Singapore’s position as a regional hub for mergers and acquisitions (M&As) continues to strengthen, with deal values surging in 2024. According to data from the London Stock Exchange Group (LSEG), M&A turnover involving Singapore companies reached USD 51...
