The Malaysian government has allocated MYR 675 million (USD 143 million) in Budget 2025 to strengthen its maritime security capabilities. This funding will be used to procure three new vessels as well as to upgrade vessels. Currently, the Malaysian Maritime...
Thai Beverage (ThaiBev), a Thai-Singapore food and beverage company, is making a strategic investment of THB 9.5 billion (USD 263 million) in the AgriValley Malaysia project. AgriValley Malaysia is set to become a production hub for halal-certified products, which...
The Malaysian government is initiating several major projects in the agricultural sector, with a significant focus on rice production. One of the key initiatives is a large-scale paddy cultivation project, valued at MYR 5 billion (USD 1.06 billion), aimed at...
Asia Digital Engineering (ADE), the Maintenance, Repair, and Overhaul (MRO) division of Capital A (formerly AirAsia Group), has officially unveiled its latest 14-line MRO hangar, marking a significant achievement as Malaysia’s largest and most sophisticated MRO...
Malaysia has unveiled a series of tax breaks and incentives for the Forest City development, officially designated as the Forest City Financial Zone (FCSFZ) in August 2023. Located in southern Johor, adjacent to Singapore, this initiative aims to stimulate foreign...
Malaysia’s major clean energy firm, Solarvest Holdings, has clinched a MYR 113 million (USD 24 million) Engineering, Procurement, Construction, and Commissioning (EPCC) contract to build a 45 MWp solar farm in Pekan, located in Pahang state. The project seeks to...
In September 2024, the German Federal Ministry for Economic Affairs and Climate Protection (BMWK) collaborated with the Environmental Technologies Export Initiative, the Malaysian-German Chamber of Commerce and Industry (MGCC), and the German Water Partnership to...
Malaysia’s private healthcare and medical tourism sector is set to generate MYR 2.2 billion (USD 476 million) in revenue in 2024, with Penang emerging as a pivotal hub for attracting patients. The nation’s allure in medical tourism is bolstered by its...
The Malaysia Digital Economy Corporation (MDEC), the leading agency for the country’s digital economy under the Ministry of Digital, has successfully integrated 140 local artificial intelligence (AI) providers into its digital AI ecosystem. Through various...
TM Global, the domestic and international wholesale arm of Telekom Malaysia (TM), the country’s largest telecommunications provider, has extended its partnership with Australia-based cloud infrastructure company Radian Arc for another two years. This...
Elna PCB (M) Sdn. Bhd., the Malaysian subsidiary of Global Brands Manufacture under Taiwan’s Passive System Alliance (PSA) Group, has announced the opening of its second plant in Penang, Malaysia, with an investment exceeding MYR 1 billion (USD 230 million). The first...
PUMA has opened its largest flagship store in Southeast Asia, located in Sunway Pyramid, Selangor, Malaysia. Spanning 12,000 square feet, the store reinforces PUMA’s commitment to fashion, sports performance, and community in Malaysia. The flagship store features a...
