Equinix Enters Malaysia with USD 40 million Investment

Equinix Enters Malaysia with USD 40 million Investment

Equinix, Inc. announced its market entry into Malaysia with plans to build a new data center in Johor. With an initial investment of approximately  USD 40 million, the data center is scheduled to begin operations in 2024, providing 500 cabinets and 1,960 square meters...
Petronas Makes Significant Oil and Gas Discovery Offshore Malaysia

Petronas Makes Significant Oil and Gas Discovery Offshore Malaysia

Malaysia’s national upstream company Petronas Carigali has made a significant oil and gas discovery with its Nahara wildcat offshore Sarawak, East Malaysia. The shallow-water Nahara field is located on Block SK 306 in the Balingian province, around 150 kilometers off...
Government Aims to Change East Coast Region into RV Industry Hub

Government Aims to Change East Coast Region into RV Industry Hub

The Ministry of International Trade and Industry (MITI) and the East Coast Economic Region Development Council (ECERDC) are looking to capitalize on the potential of the growing recreational vehicle (RV) industry to boost the region, and subsequently the Malaysian...
Harvey Norman Continues Expansion Plans

Harvey Norman Continues Expansion Plans

Australia-based retail chain Harvey Norman is mobilizing its expansion plans for the Malaysian market in 2023 to improve its accessibility to cover a larger segment of customers nationwide. It plans to establish a new 47,300 sq ft store in Johor Baru. On opening a...
Malaysia’s IJN to Establish New Cardiac Centers

Malaysia’s IJN to Establish New Cardiac Centers

Institut Jantung Negara Sdn Bhd (IJN) plans to expand its reach by setting up cardiac centers outside Kuala Lumpur to improve healthcare access. IJN, which is also known as The National Heart Institute, will also be expanding its existing medical facility in Jalan Tun...
Malaysia’s BCX Allows Exchange of Voluntary Carbon Credits

Malaysia’s BCX Allows Exchange of Voluntary Carbon Credits

Malaysia’s Bursa Carbon Exchange (BCX) is the world’s first carbon trading exchange, which encompasses standardized carbon credit products to be traded on the platform. It fosters Malaysian companies to exchange carbon credits from climate-friendly...
Kale to Pilot Cargo Community System in Malaysia Airport

Kale to Pilot Cargo Community System in Malaysia Airport

Kale Logistics Solutions (Kale) and Dagang Berhad, through wholly owned subsidiary Dagang Net Technologies Sdn Bhd, have signed a partnership agreement to introduce the Airport Cargo Community System (ACS) platform in Malaysia. The collaboration will facilitate...
South Korea’s SPC To Build First Halal Food Hub in Southeast Asia

South Korea’s SPC To Build First Halal Food Hub in Southeast Asia

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...
Malaysia’s BCX Allows Exchange of Voluntary Carbon Credits

Malaysia to Introduces Tax Incentives in Carbon Capture and Storage

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...