The Tun Razak Exchange, a 70-acre development for international finance and business, recently announced a new retail development, The Exchange TRX, set to open in Kuala Lumpur in the fourth quarter of 2023. With a 1.3 million square foot of net lettable area, the...
Malaysia has confirmed plans to build a USD 8.5 billion mega port aimed at increasing handling capacity for both container and conventional cargo at the main shipping hub of Port Klang. The new port will be located on Carey Island, and is intended to capture future...
Malaysia is witnessing considerable growth in data center capacity plant-up, and the country is predicted to see an increase in investments with over 800-megawatt (MW) capacity over the next five years due to lower land and energy costs. The country has emerged as an...
Private specialist hospital KPJ Healthcare and Samsung Electronics have commenced a partnership to advance precision medicine and diagnostics in Malaysia. The two parties plan to explore innovative technologies and collaborative opportunities, as stipulated in the...
Citaglobal Genetec BESS Sdn Bhd, a 50:50 joint venture (JV) between Citaglobal Bhd and Genetec Technology Bhd, unveiled Malaysia’s first locally developed and produced battery energy storage system by showcasing its fully operational one-megawatt Battery Energy...
Malaysia’s national oil company Petronas aims at restarting a gas pipeline currently under force majeure by the first quarter of 2024. Force majeure was declared in October 2022 due to a pipeline leak caused by soil movement at its Sabah-Sarawak Gas Pipeline....
American industrial gases company Air Products, which has been serving Malaysia for nearly 50 years, recently announced it will build, own, and operate two nitrogen plants in Penang’s Bayan Lepas Free Industrial Zone and Batu Kawan Industrial Park. The company...
Trade flows between Malaysia and the UK, currently at MYR 32.3 billion (USD 7.1 billion) are expected to grow in 2023 as a consequence of the latter’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), one of the largest...
Malaysian manufacturer UMW Aerospace Sdn. Bhd., a wholly owned company in the UMW Group, has secured a fresh contract with Rolls-Royce to produce rear cases for the Rolls Royce Trent 1000 and Trent 7000 aircraft engines. UMW Aerospace will invest up to MYR 65 million...
Malaysia will produce its own lab-grown meat by 2025, thanks to domestic company Cell AgriTech Sdn Bhd, which is building the country’s first cultivated meat production facility in Penang worth MYR 20 million (USD 4.4 million). The plant is set to be completed by the...
In a statement recently made by Malaysia’s Ministry of Agriculture and Food Security, it was announced that Malaysia and Singapore intend to expand their current level of collaboration in modern agriculture to improve the food security in their countries. During a...
Pengerang Energy Complex Sdn Bhd recently signed key agreements with several blue-chip partners for the upcoming Pengerang Energy Complex (PEC) at Pengerang Integrated Petroleum Complex (PIPC) in Johor, Malaysia. The PEC facility is expected to be one of the biggest...
