The Malaysian Investment Development Authority (MIDA), the principal investment promotion agency of the Malaysian government has announced that Malaysia secured MYR 89.8 billion (USD 19.1 billion) in approved investments in the first quarter of 2025, a 3.7%...
Malaysia, through its national utility provider Tenaga Nasional Berhad (TNB), is investing MYR 43 billion (USD 9.2 billion) to upgrade the country’s power grid in response to growing electricity demand and the transition toward renewable energy. The modernization...
Malaysia has unveiled plans for its second waste-to-energy (WTE) facility, to be built in Sungai Udang, Melaka state, with an estimated investment of MYR 660 million (USD 141 million). Slated for completion by 2029, the project will be carried out through a...
Japan-based medical technology provider Fujifilm Healthcare is pursuing a potential strategic partnership with the Melaka state government as it looks to strengthen its presence in Southeast Asia’s healthcare industry. The collaboration aims to facilitate long-term...
Transaction Network Services (TNS), a US-based provider of secure payment and managed network solutions, has established a new regional hub in Kuala Lumpur, Malaysia. This expansion marks a significant milestone in the company’s global growth, reinforcing its...
Kim Teck Cheong Consolidated Berhad (KTC), a major distributor of fast-moving consumer goods (FMCG) in East Malaysia, has acquired a 15-acre site in the Kota Kinabalu Industrial Park (KKIP) for the development of its largest integrated hub to date. The new facility,...
AkzoNobel, a Dutch multinational coatings company, has inaugurated a new research and development (R&D) facility in Nilai, located in the state of Negeri Sembilan. Designed to function as a regional innovation hub, the center will focus on delivering eco-friendly,...
France-based eyewear giant EssilorLuxottica has announced the acquisition of one of the largest optical retail companies in Malaysia. The transaction includes a portfolio of over 90 outlets operating under the A-Look, Seen, and OWL brands, which have a significant...
Sarawak has solidified its position as a key contributor to Malaysia’s aquaculture industry, aligning its growth with the National Agro-Food Policy, which aims to increase national aquaculture output to 950,000 metric tons by 2030. The Department of Fisheries Malaysia...
Airbus Defence and Space has renewed its commitment to Malaysia’s defense communications infrastructure with the signing of a new contract that extends the Malaysian Armed Forces’ (MAF) access to secure X-band satellite services through at least 2029. Announced at...
Malaysia-based digital services firm MYEG Services Bhd and Singapore’s STrade Data Exchange Service (SGTraDex) have formed a strategic alliance to facilitate secure, paperless cross-border trade between the two nations. The partnership is slated to connect MYEG’s...
ACWA Power, a publicly listed company in Saudi Arabia and the world’s largest privately owned water desalination provider, has signed a memorandum of understanding with the Malaysian Investment Development Authority (MIDA) to explore clean energy and infrastructure...
