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...
Menicon Co Ltd, a Japanese manufacturer of contact lenses and lens care solutions aims to invest MYR 650 million (USD 153 million) in Malaysia to build its first daily disposable contact lens manufacturing plant. The plant, which is planned to begin construction in...
Malaysia’s Energy and Natural Resources Ministry has doubled the country’s green energy or Renewable Energy (RE) generation target to 18,000 megawatts (MW) by 2035, up from the current 8,700 MW. The energy transition plan, which will last until 2040, aims for a 31% RE...
KKIP Aerospace Training Centre (KATC), a subsidiary of Sabah’s industrial park KKIP Sdn. Bhd. will construct a licensed composite repair facility in Sabah and Asia for GMI AERO SAS, a French composite repair solutions provider. It has signed a tripartite...
Malaysian Cocoa Board (MCB), the federal statutory agency responsible for the cocoa industry, is collaborating with several partners to build the first smart cocoa plantation plan in the country. MCB has signed a memorandum of understanding (MoU) with Agrocloud Sdn...
