Malaysia’s Central Bank, Bank Negara Malaysia (BNM) has announced the five successful applicants for the digital bank licenses, in an effort to boost financial inclusion in the country. BNM received 29 applications from companies and partnerships across different...
Japanese EPC contractor Shizen Energy, through its local unit, Shizen Malaysia Sdn Bhd, is planning to build a 150 MW floating solar power plant in Durian Tunggam Dam, Melaka state. The firm is forming a consortium with Nusa Baiduri, the project owner to establish the...
Enza Zaden, a leading vegetable-breeding firm from the Netherlands announced the completion of its first South East Asia Research and Development (R&D) infrastructure facility in Perak state, Malaysia. The R&D facility seeks to serve the agriculture seed...
Malaysia’s national oil and gas firm, Petronas, has formed a strategic collaboration with a homegrown global leader in drone technology, Aerodyne Group, to examine the potential for the deployment and commercialization of drone-based solutions. The agreement was...
Malaysia’s major agarwood producer, DAdvance Agarwood Solutions Sdn Bhd (DAAS) has inked a memorandum of understanding (MOU) with Huawei Technologies Malaysia to implement cloud-based digital solutions within the agarwood segment. The partners also intend to...
US-based TTM Technologies Inc (TTM) will open a new, highly automated printed circuit board (PCB) manufacturing plant in Penang state, Malaysia, with a proposed capital investment of USD 130 million by 2025. The expansion in Malaysia seeks to respond to the growing...
Singapore’s sole piped town-gas provider, City Energy, is investing over SGD 100 million (USD 72 million) to develop the first electric vehicle (EV) charging service in Malaysia and Singapore. The EV service will be provided through its newly established subsidiary,...
Malaysia Digital Economy Corporation (MDEC) Chief Executive Officer Mahadhir Aziz highlighted that Malaysia’s e-commerce income is anticipated to reach over MYR 1 trillion (USD 227 billion) in 2022, after hitting MYR 1.1 trillion (USD 250 billion) last year. The...
Malaysia’s leading healthcare industry supply chain management provider, Hong Seng Group through its subsidiary, HS Bio Sdn Bhd, has agreed to collaborate with Mediven Innovation Ventures (Mediven) to jointly work on the supply of healthcare products and services. The...
Petronas, Malaysia’s national oil and gas conglomerate, aspires to be an energy superstore, as indicated by its recent collaboration with Honeywell on carbon-neutral energy solutions as well as the impending launches of its new energy transition entity and a carbon...
Virtual credit cards (VCCs) are an emerging trend in Malaysia, with an increasing number of card issuers, such as banks, trying to attract customer demand for more secure payment methods for online transactions. Gen Y and Gen Z are identified as the popular...
Malaysian Investment Development Authority (MIDA) has announced that the country’s manufacturing, services and primary sectors attracted a record amount of approved investments worth MYR 306.5 billion (USD 72 billion) in 2021, owing to the higher foreign direct...
