Malaysia has announced that it will remove a ban on exports of renewable energy. This move is part of a wider effort to develop its clean power industry and increase generation from non-fossil fuel sources. Malaysia currently generates just over 1% of its electricity...
Australian engineering company Worley has been awarded a contract by Malaysia Marine & Heavy Engineering to provide engineering design services for Petronas’ mega carbon capture and storage (CCS) project offshore Sarawak, Malaysia. The Kasawari development, set to...
According to the latest report by property consultancy Knight Frank, the number of Malaysians with at least USD 1 million in wealth is set to nearly double from over 85,000 in 2022 to 164,0839 in 2027. The report also forecasts that Malaysia’s ultra rich, defined as...
Analysis have recently highlighted how Malaysia’s decision to purchase 18 FA-50 Block 20 “Fighting Eagle” light combat aircraft represents a building block for the country’s goal of emerging as the region’s hub for Maintenance, Refurbishment and Overhaul (MRO)...
It has been announced that Japanese dairy giant Megmilk Snow Brand is partnering with Singaporean global agrifood supplier Agrocorp International to produce and distribute plant-based ingredients to accelerate the shift toward sustainable food production in Malaysia...
Indonesia and Malaysia have signed two memoranda of understanding (MoUs) in the defense sector, between state-run aircraft manufacturer PT Dirgantara Indonesia (PTDI) and Malaysian Aircraft Inspection, Repair and Overhaul Depot (AIROD) Sdn. Bhd. The agreements were...
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....
