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...
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),...
