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...
The Malaysian Investment Development Authority (MIDA) has recently revealed that the country’s approved investment for 2022 amounted to MYR 264.6 billion (USD 60 billion) the second-largest number ever recorded. It is projected that these investments will generate...
Malaysian energy company, Sapura Holdings Bhd is teaming up with UK-based TriCIS Ltd to create a regional center for cyber intelligence solutions through its cyber security subsidiary, Velum Labs Sdn Bhd (VLSB). The partnership was formed in response to the growing...
Japan-based agritech company MYFARM Inc has recently put forward plans to invest MYR 210 million (USD 47 million) in a durian, agriculture and aquaculture cultivation project in Malaysia. Marked as the largest Japanese investment in durian plantation, the project will...
It has recently been announced that the Malaysian Ministry of Science, Technology, and Innovation (MOSTI) through the Malaysian Space Agency (MYSA) will be leading the Space Tech Nexus event at Langkawi International Maritime and Aerospace Exhibition 2023 (LIMA23), to...
Amazon Web Services (AWS) will be launching a new AWS infrastructure Region in Malaysia, with the primary aim of connecting local developers, startups, entrepreneurs, and enterprises, as well as government, education, and nonprofit organizations. AWS plans to invest...
Malaysia and Sweden have inked a collaboration agreement on green transition which is intended to intensify collaborations, promotion and innovation for sustainable technology solutions. The Memorandum of Understanding (MOU) was signed by Malaysian Green Technology...
