Malaysia is slated to establish the world’s first algal biotechnology consortium (ABC), which will serve as a critical component of a sustainable planet and a vital substitute for fossil fuel. ABC is pursuing four-core elements; algae cultivation, algal...
An MYR 30 million (USD 6.8 million) earth station and space technology center is being built at the Universiti Sains Malaysia (USM) Engineering Campus in Penang state by Angkasa-X Innovation Sdn Bhd, a local space technology company. The company plans to launch its...
Malaysia’s Plantation Industries and Commodities Ministry announced a measure to reduce the palm oil export tax from 8% to between 4-6% to alleviate the global shortage of edible oil. As the world’s second-largest palm oil producer, Malaysia aspires to increase...
Malaysia’s energy-related services provider, Reservoir Link Energy Bhd and investment company, ADS Asset Holdings Sdn Bhd (AAH) are forming a joint venture and shareholder agreement (JV & SA) to collaboratively co-fund, construct and develop energy storage...
Malaysian Investment Development Authority (MIDA), the government’s principal investment promotion agency, emphasized that Malaysia should tap into the circular bio-economy as it has an ample biomass feedstock of up to 100 million tons. Malaysia is emerging as a...
KPower Bhd, Malaysia’s utility and renewable energy company, has launched the country’s first halal-certified synthetic bone cement, Prosteomax, through its subsidiary Granulab (M) Sdn Bhd. Prosteomax is a calcium phosphate-based synthetic bone cement that has...
A partnership agreement between Singapore Airlines (SIA) and Malaysia Airlines Berhad (MAB) was granted conditional approval by the Competition and Consumer Commission of Singapore (CCCS). Both the airlines had initially signed the agreement’s proposal in 2019 but got...
Department of Statistics Malaysia (DOSM) announced that Malaysia’s total trade increased by 27.3% year-on-year (y-o-y) in March 2022, with a strong record of MYR 236.6 billion (USD 53.89 billion). The export and import values in the same month reached all-time...
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...
