The Malaysian Investment Development Authority (Mida), the country’s principal investment promotion agency has approved 4,230 green technology projects worth MYR 41 billion (USD 875 million) as of 2023. The country is witnessing a surge in green technology investment...
Mavcom, the Malaysian Aviation Commission, is working towards implementing its Airports Quality of Service (QoS) Framework at the country’s main airports by the year’s end. The QoS comprehensive framework, comprising 28 areas of improvement identified in...
Malaysia has established its own energy exchange, Energy Exchange Malaysia (Enegem), to facilitate cross-border trading of green electricity. The inaugural auction, set to export 100 megawatts (MW) to Singapore, will be opened exclusively to entities holding...
Malaysian Minister of Science, Technology, and Innovation (MOSTI) Chang Lih Kang announced that hydrogen-powered car technology is ready in Malaysia, with the economy potentially gaining MYR 12 billion (USD 2.56 billion) from green hydrogen exports by 2030. To...
BioNexus Gene Lab Corporation (BGLC), a US-based global leader in genomic diagnostics and healthcare technology, has announced a strategic investment by its wholly-owned subsidiary, MRNA Scientific Sdn Bhd, in Ascension Innovation Sdn Bhd (AISB), a Malaysian company....
GXBank, a digital banking entity in Malaysia and a subsidiary of GXS Bank Pte. Ltd., formed through a partnership between Grab Holdings Limited, Singapore Telecommunications Limited (Singtel), and Malaysian investors, is gearing up to establish a regional Center of...
UAE-based global logistics provider, DP World, and Malaysia’s port operator, Sabah Ports have recently formed a collaborative partnership to oversee the management of the Sapangar Bay Container Port. The primary objective of this strategic partnership is to...
US-based semiconductor giant TTM Technologies has committed a substantial investment of USD 200 million to establish its inaugural manufacturing plant in Malaysia. This facility, situated in Penang Science Park within the Northern region of the country, is tailored...
UK-based Sports Direct, a retailer for sports, fitness, fashion, and lifestyle products, is gearing up to launch two new flagship stores and an additional five outlets across Malaysia. With an existing network of 34 stores nationwide, Sports Direct is poised for...
Fefifo, an Agtech startup originating from Singapore and with operations in Malaysia, has teamed up with Payments Network Malaysia (PayNet), a Malaysian payment transaction company, to launch the Farmer Digitalization Program. This strategic partnership aims to...
The Malaysian government has allocated a grant of MYR 30 million (USD 6.4 million) to Collaborative Research in Engineering, Science & Technology (CREST), an industry-driven organization focused on fostering Malaysia’s key sectors by cultivating a robust...
Sarawak, a key player in Southeast Asia’s green economy, is on track to become a major renewable energy hub by leveraging its abundant indigenous resources. With plans to generate 10 gigawatts of energy by 2030, Sarawak is committed to transparency, integrity,...
