Malaysian Ministry of International Trade and Industry (MITI) aims to generate MYR 30 billion (USD 7.16 billion) in annual revenue and 30,000 highly-skilled employment by 2025 through initiatives implemented under the Malaysian Aerospace Industry Blueprint (MAIB) 2030...
Malaysia ranked first among emerging Southeast Asia in terms of potential in attracting foreign investors, as demonstrated by Milken Institute’s Global Opportunity Index for 2022. Malaysia is Asia’s third-largest bond market (behind Japan and the Republic of...
The Ministry of Energy and Natural Resources (KETSA) has launched the Malaysia Renewable Energy Roadmap (MyRER) to meet the national goal of 31% renewable energy (RE) capacity by 2025 and 40% by 2035. The MyRER will be implemented from 2022 to 2035, setting forth a...
Malaysian retailers continue to strike multi-channel partnership deals with various parties to take advantage of the opportunities brought by pandemic-posed challenges for the traditional channel. This includes Lotuss Stores Malaysia Sdn Bhd (Lotuss Malaysia),...
Intel Corp has announced a major investment of over USD 7 billion to build a new chip packaging and testing factory in Bayan Lepas, Penang, in the midst of a worldwide shortage of semiconductors that is expected to last into 2023. The factory is presumably going to...
Digital Nasional Berhad (DNB), Malaysia’s sole 5G wholesale service operator has successfully integrated five mobile network operators (MNOs) into its 5G network as of November 2021. The five MNOs were Celcom Axiata Bhd, Digi.Com Bhd, Maxis Bhd, Telekom Malaysia Bhd...
The UK has expressed its interest to enhance economic cooperation with Malaysia especially in the field of digital economy in various matters, including education and information exchange, as well as research and development. This was conveyed during the meeting with...
Global manufacturer of agricultural products, Cargill will spend MYR 145 million (USD 34.7 million) to expand its production facility in Port Klang, Malaysia, to fulfill rising customer demand for specialty fats. The firm plans to boost dry palm fractionation capacity...
Turkish aerospace giant, Turkish Aerospace Industries (TAI), has launched its first engineering and design office in the Southeast Asia region. Located in The Cyberview Futurise campus of Cyberjaya, Selangor state, the office will be conducting joint studies with...
Malaysia and the United States will discuss a memorandum of cooperation (MoC) in early 2022 to enhance transparency, resilience, and security in the semiconductor and manufacturing sector supply chains. This joint statement was made in response to the shortage of...
New floating liquefied natural gas (FLNG) projects will be developed by Malaysia and Canada to deliver super-chilled fuel to Asian markets, mainly China. According to Fitch Solutions, the new FLNG will help meet the growing demand for natural gas as part of the...
Malaysian national oil company Petronas has signed an agreement with ExxonMobil to jointly explore carbon capture and storage (CCS) technologies to decarbonize Malaysia’s upstream industry and provide carbon dioxide storage solutions for the region. The collaboration...
