IOI Properties Group Bhd (IOIPG), one of Malaysia’s largest real estate developers, has announced the launch of the IOI Rio City masterplan, a 40.46-hectare (100-acre) integrated development in Bandar Puteri Puchong, Selangor. With a gross development value of...
MKS Instruments Inc., a US-based global technology solutions provider, has announced a USD 100 million investment to build a state-of-the-art super center factory in Batu Kawan, Penang. The facility will support the production of wafer fabrication equipment to meet...
Tanco Holdings Bhd, a publicly listed property company in Malaysia, has joined forces with CCCC Dredging Southeast Asia Sdn Bhd (CDSA) to develop Malaysia’s first smart AI-powered container port. This project is a key part of Tanco’s broader goal to create...
Oracle has unveiled plans to invest over USD 6.5 billion to establish a public cloud region in Malaysia, responding to the growing demand for artificial intelligence (AI) and cloud services. This new cloud region will provide local customers and partners with access...
Malaysia is focusing on the digital transformation of its healthcare system, aiming to enhance medical tourism and provide remote villages with improved access to medical services. The country’s central bank is supporting this initiative with MYR 2.6 billion (USD 550...
Malaysia’s Minister of Energy Transition and Water Transformation has launched the Water Sector Transformation 2040 (WST 2040) agenda, which is expected to significantly contribute to the nation’s Gross Domestic Product (GDP) in the future. The WST 2040, set to...
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...
The Malaysian government is initiating several major projects in the agricultural sector, with a significant focus on rice production. One of the key initiatives is a large-scale paddy cultivation project, valued at MYR 5 billion (USD 1.06 billion), aimed at...
Asia Digital Engineering (ADE), the Maintenance, Repair, and Overhaul (MRO) division of Capital A (formerly AirAsia Group), has officially unveiled its latest 14-line MRO hangar, marking a significant achievement as Malaysia’s largest and most sophisticated MRO...
