Malaysia has unveiled a series of tax breaks and incentives for the Forest City development, officially designated as the Forest City Financial Zone (FCSFZ) in August 2023. Located in southern Johor, adjacent to Singapore, this initiative aims to stimulate foreign...
Malaysia’s major clean energy firm, Solarvest Holdings, has clinched a MYR 113 million (USD 24 million) Engineering, Procurement, Construction, and Commissioning (EPCC) contract to build a 45 MWp solar farm in Pekan, located in Pahang state. The project seeks to...
In September 2024, the German Federal Ministry for Economic Affairs and Climate Protection (BMWK) collaborated with the Environmental Technologies Export Initiative, the Malaysian-German Chamber of Commerce and Industry (MGCC), and the German Water Partnership to...
Malaysia’s private healthcare and medical tourism sector is set to generate MYR 2.2 billion (USD 476 million) in revenue in 2024, with Penang emerging as a pivotal hub for attracting patients. The nation’s allure in medical tourism is bolstered by its...
The Malaysia Digital Economy Corporation (MDEC), the leading agency for the country’s digital economy under the Ministry of Digital, has successfully integrated 140 local artificial intelligence (AI) providers into its digital AI ecosystem. Through various...
TM Global, the domestic and international wholesale arm of Telekom Malaysia (TM), the country’s largest telecommunications provider, has extended its partnership with Australia-based cloud infrastructure company Radian Arc for another two years. This...
Elna PCB (M) Sdn. Bhd., the Malaysian subsidiary of Global Brands Manufacture under Taiwan’s Passive System Alliance (PSA) Group, has announced the opening of its second plant in Penang, Malaysia, with an investment exceeding MYR 1 billion (USD 230 million). The first...
PUMA has opened its largest flagship store in Southeast Asia, located in Sunway Pyramid, Selangor, Malaysia. Spanning 12,000 square feet, the store reinforces PUMA’s commitment to fashion, sports performance, and community in Malaysia. The flagship store features a...
BoomGrow Productions Sdn Bhd, a Malaysian agritech company, has entered a strategic partnership with CelcomDigi Berhad to revolutionize Malaysia’s agricultural sector. The collaboration focuses on integrating 5G connectivity, Artificial Intelligence (AI), and...
The Malaysian Ministry of Defense (MINDEF) has awarded a five-year contract worth MYR 378 million (USD 8.6 million) to BHIC AeroServices (BHICAS), a subsidiary of Boustead Heavy Industries Corp (BHIC). Under the agreement, BHICAS will provide in-service support (ISS)...
The Malaysian Ministry of Digital announced that the country’s digital investment reached MYR 66.22 billion (USD 14.7 billion) in the first half of 2024 (1H 2024), showcasing the resilience of its digital economy amidst ongoing global geopolitical challenges....
Solarvest Holdings Berhad, a leading provider of clean energy solutions in Malaysia, has announced a strategic joint venture with Agmo Holdings Berhad, a digital solutions and application development firm. This collaboration aims to co-develop digital clean energy...
