Airbus to Invest USD 120 Million in Malaysian Aerospace Industry

Airbus SE announced on 30 August that it will invest MYR 505 million (USD 121 million) for three key initiatives to enhance the aviation and aerospace industry in Malaysia. The announcement was made during the Memorandum of Agreement (MOA) signing ceremony between...

Chinese Hygiene Products Company Opens Regional Hub in Malaysia

On 4 September, Hong Kong-listed Vinda International Holdings Ltd announced that it will invest more than MYR 500 million (USD 119 million) on a new regional hub in Malaysia for five years until 2023. Vinda runs four core business segments, namely tissue, incontinence...

MAHB Collaborates with Huawei Technologies for Airports 4.0 Initiative

Malaysia Airports Holding Berhad (MAHB), a public listed airport company that manages 39 airports nationwide has signed a Memorandum of Understanding (MOU) with Huawei Malaysia to drive its digital transformation framework under MAHB’s Airports 4.0 initiative....

Mega Projects to Drive Malaysia’s Economy in Second Half of 2019

Economist Lee Ju Ye from Maybank Kim Eng Group, a wholly-owned subsidiary of Maybank stated that Malaysia’s economic growth for the second half of 2019 will be positively driven by the continuation of mega projects such as the East Coast Rail Link (ECRL), the Klang...

ASEAN Aims to Eliminate Transboundary Haze by 2020

ASEAN’s Sub-regional Ministerial Steering Committee (MSC) on Transboundary Haze Pollution, comprising Brunei Darussalam, Indonesia, Malaysia, Singapore and Thailand, reached a consensus agreement to step up cooperative efforts in order to effectively address the...

Green Energy Master Plan Launched in Kedah

Menteri Besar Kedah Incorporated (MBI Kedah) has launched the state’s Green Energy and Renewable Energy Master Plan  which is supposed to provide guidance in Kedah’s renewable Energy industry for prospective investors. The plan developed in collaboration with...

Malaysia and Philippines Sign MoU to Boost Healthcare Collaboration

A Memorandum of Understanding (MoU) has been signed between the Health Ministries of Malaysia and the Philippines to foster collaboration in various areas of the healthcare sector in both countries. Through this MoU, both countries agreed to cooperate in the areas of:...

Malaysia to Gain Improved Access to Turkish Defense Technology

During a visit to Turkey in July 2019, the Malaysian Prime Minister, Tun Dr Mahathir Mohamad said that Turkey has offered to support the development of the local defense industry in Malaysia through enhanced technology transfer from the Turkish defense. Turkey’s...