The University of Science Malaysia (USM) and Penang International Halal Hub (PIHH) Development Sdn Bhd (Halal Penang) has signed a memorandum of understanding (MoU) to launch the world’s first halal pharmacopeia in 2020. The halal pharmacopeia would list...
Malaysian Defense Minister Mohamad Sabu has announced that the ministry will conduct an open tender for the maintenance contract of the Royal Malaysian Navy (RMN)’s submarines in 2021. The pre-qualification process would be done for two RMN’s Scorpene submarines...
Malaysia’s central bank, Bank Negara Malaysia (BNM) has proposed to issue up to five licenses to establish digital banks in either conventional or Islamic banking business in December 2019. BNM has published the Exposure Draft on Licensing Framework for Digital Banks...
The Malaysian Minister of the International Trade and Industry (MITI) Darell Leiking announced in December 2019 that the government has approved four Manufacturing projects worth RM5.4billion (USD 1.3 billion) in the states of Sabah, Johor, Selangor, and Penang,...
The Malaysian Communications and Multimedia Commission (MCMC) has released its final report on the allocation of spectrum bands for mobile broadband service in Malaysia. The report identified 700 MHz, 3.5 GHz and 26/28 GHz (24.9 GHz to 28.1 GHz) bands for the initial...
Malaysian Minister of Energy, Science, Technology, Environment and Climate Change (MESTECC) Yeo Bee Yin announced that a marine debris policy will be established by the government to holistically address plastic waste polluting the seas and beaches. Yeo highlighted...
Spanish solar developer Solarpack has been awarded a 21-year power purchase agreement (PPA) by the Malaysian Energy commission Suruhanjaya Tenaga (ST) for a 116-MW solar park, the “Suria Sungai Petani” project, located in the state of Kedah. Based on the proposal, the...
The Malaysian government has allocated a total of MYR 30.6 billion (USD 7.37 billion) in its budget for healthcare in 2020. The allocation was tabled during the Budget 2020 presentation in Parliament in October, and represents an increase of 7% from last year’s...
The Malaysian government will be focusing on the gig economy sector as one of the new sources of economic growth in the Twelfth Malaysia Plan (RMP12), which will outline the country’s economic development plan for the next five years between 2021 and 2025. The RMP12...
On 18 October 2019, Malaysia launched the National Transport Policy (NTP) 2019-2030. It will serve as the overarching roadmap for developing an efficient, comprehensive, secure and sustainable transport sector with the aim of enhancing Malaysia’s economic...
In October 2019, the Ministry of Communications and Multimedia Malaysia announced a partnership with Sony Interactive Entertainment Worldwide Studios (SIE WWS) to establish the latter’s first South East Asia studio in Malaysia in 2020. SIE WWS currently has 15...
Singapore-based United Overseas Bank (UOB) has launched U-Solar, the first solar industry ecosystem in Asia to power the development and adoption of renewable Energy across Southeast Asia. Through U-Solar, the bank offers a suite of financial solutions to support the...
