A total of USD 39 billion haS been invested by US companies into the Malaysian economy despite challenges posed by the COVID-19 pandemic, according to the American Malaysian Chamber of Commerce (AMCHAM) in its 2020/21 Economic Impact Survey (EIS). Around 71% of the...
Malaysian Prime Minister Dato Seri Ismail Sabri has launched the Kedah Rubber City (KRC), which aims to become a leader in the growth of the domestic rubber industry and a global hub for the high-value rubber industry. By 2025, KRC seeks to attract MYR 10 billion (USD...
DHL Express, a worldwide logistics company has widened its presence in Malaysia with the launch of a new mobile “ServicePoint” and through a partnership with Parcel365 as its exclusive international shipping partner. The logistics provider said the latest...
Malaysian Investment Development Authority (MIDA) has announced that Eclipse Automation Inc will open its first Asian manufacturing facility in Batu Kawan, Penang. Malaysia has been positioning its location as a strategic destination for global machinery and equipment...
Suria Capital Holdings Bhd, a Sabah-based investment holding and property development company, has formed a partnership with trading firm Vandelay Ventures Sdn Bhd to develop the Sabah Maju Jaya Renewable Energy Industrial Complex (SMJREIC) at Sapangar Bay in Kota...
The Malaysian government is determined to identify and implement comprehensive long-term solutions to mitigate the impact and losses due to flood, following one of the worst flood situations in December 2021 across the country. In order to do so, a total of MYR 300...
The Malaysian government is targeting a direct revenue of MYR 800 million (USD 191.09 million) and MYR 1.7 billion (USD 410 million) from the medical tourism sector in 2022 and 2025 respectively via the initiatives outlined in the country’s Healthcare Travel Industry...
Galaxy Racer, a Dubai-based e-sports, gaming and lifestyle organization, is expected to invest MYR 42 million (USD 10 million) within the next five years to develop the e-sports ecosystem in Malaysia. Parts of the investment plans include organizing e-sports...
Iskandar Development Berhad (IIB), the investment holding company of Iskandar Malaysia in South Johor, has opened the largest drone test site (DTS) in Southeast Asia. Located in Medini, the site covers an area of more than 1,700 acres in the Iskandar Drone and Robotic...
The FRABA Group has opened a new manufacturing plant in Johor, which is expected to commence operation this coming spring. A major supplier of sensors for industrial motion control applications, FRABA is headquartered in the Netherlands where its holding company is...
Mitsui Fudosan has opened a Japanese lifestyle shopping mall LaLaport in Kuala Lumpur, its second overseas outlet after Lalaport Shanghai Jinqiao in China. The mall is expected to bring in more Japanese retailers into the market, as the outlet, known as Mitsui...
Located in Johor, the southern state of Malaysia, the Mersing district is slated to be the state’s agribusiness hub with the development of two major projects, which are the Jemaluang Dairy Valley and the Endau-Mersing Fish Processing Park. The Chief Minister of...
