Pengerang Energy Complex (PEC) has secured project financing of USD 3.5 billion from leading export credit agencies (ECA) and Islamic financing entities to develop a state-of-the-art low-carbon petrochemicals facility in Malaysia. The financing agreement was ratified...
Malaysia has demonstrated strong investor confidence with approved investments totaling MYR 254.7 billion (USD 56.58 billion) for the first nine months of 2024, reflecting a 10.7% year-on-year growth and the creation of over 159,000 jobs. Investment, Trade and...
The world’s first palm oil mill utilizing artificial intelligence (AI) technology has been launched in Kuala Kangsar, Malaysia, marking a significant advancement for the palm oil industry. The initiative was unveiled by Plantation and Commodities Minister Datuk...
The Malaysian government has announced a significant initiative to lease 28 AW149 medium helicopters from Italy’s Leonardo, with a contract valued at USD 3.4 billion over a 15-year period. This announcement was made by Defence Minister Datuk Seri Mohamed Khaled...
IOI Properties Group Bhd (IOIPG), one of Malaysia’s largest real estate developers, has announced the launch of the IOI Rio City masterplan, a 40.46-hectare (100-acre) integrated development in Bandar Puteri Puchong, Selangor. With a gross development value of...
MKS Instruments Inc., a US-based global technology solutions provider, has announced a USD 100 million investment to build a state-of-the-art super center factory in Batu Kawan, Penang. The facility will support the production of wafer fabrication equipment to meet...
Tanco Holdings Bhd, a publicly listed property company in Malaysia, has joined forces with CCCC Dredging Southeast Asia Sdn Bhd (CDSA) to develop Malaysia’s first smart AI-powered container port. This project is a key part of Tanco’s broader goal to create...
Oracle has unveiled plans to invest over USD 6.5 billion to establish a public cloud region in Malaysia, responding to the growing demand for artificial intelligence (AI) and cloud services. This new cloud region will provide local customers and partners with access...
Malaysia is focusing on the digital transformation of its healthcare system, aiming to enhance medical tourism and provide remote villages with improved access to medical services. The country’s central bank is supporting this initiative with MYR 2.6 billion (USD 550...
Malaysia’s Minister of Energy Transition and Water Transformation has launched the Water Sector Transformation 2040 (WST 2040) agenda, which is expected to significantly contribute to the nation’s Gross Domestic Product (GDP) in the future. The WST 2040, set to...
A consortium led by Malaysian property developer LBS Bina Group has awarded an MYR 104 million (USD 22 million) Engineering, Procurement, Construction, and Commissioning (EPCC) contract to Solarvest, a regional leader in clean energy solutions. The contract covers the...
The World Bank has raised its projection for Malaysia’s economic growth in 2024 to 4.9%, an increase of 0.6 percentage points from its earlier forecast of 4.3% in April 2024. This revision reflects Malaysia’s stronger-than-expected performance in the first half...
