US company Tyson Foods, Inc. has announced that it will acquire a 49% stake in the poultry segment of Malaysian food manufacturing company, Malayan Flour Mills Bhd (MFM). The transaction, worth MYR 420 million (USD 104 million), is subject to approval by the...
Malaysia joined other 110 countries to ratify the UN agreement to eliminate the use of hydrofluorocarbon (HFC) refrigerant, liquid or gas used for refrigeration and air conditioners. The policy adoption is under Kigali Amendment to the Montreal Protocol, which...
In a recent interview, Malaysia’s Prime Minister Tan Sri Muhyiddin Yassin has emphasized the importance of public-private cooperation towards digitalization. The Malaysian government has plans to work with the private sector to increase the number of Fourth...
The Gabungan Parti Sarawak (GPS) state government in north Sarawak is committed to improving its physical and digital infrastructure to transform Miri Hospital into the medical hub for the state’s northern region. Currently, the Miri Hospital needs to be extended and...
The hard disk drive manufacturer Western Digital has committed to increasing its investments in Malaysia by MYR 2.3 billion (USD 566.3 million) to boost its production capacity in Penang and Sarawak. This raises Western Digital’s total investment in Malaysia to...
Healthcare equipment supplier LKL International Bhd has entered into a distribution agreement with AT Systematization Bhd to market, sell, and distribute natural rubber latex gloves and nitrile gloves. It targets volume sales of up to 2.6 billion pieces per year. The...
Malaysia-based Astral Asia Bhd (AAB) is planning to diversify its core businesses to include e-commerce, focussing on fast-moving consumer goods (FMCG). The new e-commerce business is expected to launch in December 2020, supported by an estimated total initial...
Malaysia Airports Holdings Bhd (MAHB), the largest airport operator in Malaysia, is planning to double the number of freighter flights at its main airport, Kuala Lumpur International Airport (KLIA) over the next 10 years with the launch of its new e-fulfillment hub,...
According to a joint study by KPMG and US-based The Manufacturing Institute, called “Cost of Manufacturing Operations Around the Globe”, Malaysia was ranked fourth out of 17 trading economies in terms of economic competitiveness as a manufacturing hub. Malaysia came...
OpenSys, a Malaysia-based leading solutions provider for financial services, telecommunications, and utilities has signed a collaborative agreement with EPCC specialist for solar PV systems, Solarvest, for its dedicated online solar energy platform, buySolar. The...
The Securities Commission Malaysia (SC), a statutory body regulating the capital market in the country, has reported that more than 2,500 micro, small and medium enterprises (MSMEs) have raised more than MYR 1 billion (USD 241 million) through crowdfunding. This was...
Cosmose AI, a Shanghai-based developer of data analytics platform predicting offline purchase behavior, has formed a strategic partnership with Axiata Group unit ADA, a data and AI company based in Kuala Lumpur, Malaysia. The new alliance will help Cosmose to broaden...
