The Malaysian Ministry of Housing and Local Government signed a Memorandum of Understanding (MOU) with 8 Chinese companies for potential future foreign direct investment and technology knowledge transfer concerning pre-fabrication construction technology. The MOU was...
A USD 100 million plant for assembly of the Harbin Y-12F aircraft is under construction at the Alor Setar airport in Kepala Batas, Kedah, Malaysia. Once this facility is completed, Malaysia will become the world’s top distributor of the Y-12F. The...
Oracle has launched a new Cloud Solution Hub in Kuala Lumpur to help organizations of all sizes, particularly Small and Medium Enterprises, to benefit from technologies such as Blockchain, Internet of Things (IoT), Machine Learning, Artificial Intelligence, Data...
Kumpulan Perangsang Selangor Bhd (Perangsang Selangor), a corporate entity owned by the state of Selangor, is buying a 100% stake in Toyoplas Manufacturing, an integrated plastic injection molding firm. The conditional share sale agreement for the acquisition has been...
Petronas, the Malaysian State Owned Enterprise (SOE) recently achieved its first Liquefied Natural Gas (LNG) drop at its floating LNG facility, PLFING Satu, at the Kebabangan Cluster field 90 kilometers off the cost of Sabah. Kebabangan field is the second location...
The state government of Sabah in Malaysia is planning to set up a Health Tourism Council under the Ministry of Tourism and Culture to promote Medical tourism in the state. The council would formulate policies, regulate and promote the health tourism industry and...
Scatec Solar, a Norwegian firm, and its partners have connected the 65 MW (DC) Jasin plant to the grid. This is the second of three 65 MW solar plants being built by Scatec Solar in Malaysia. The Jasin plant is located in the southwest of Peninsular Malaysia and is...
This fiscal year, Aeon Malaysia is set to spend approximately MYR 500 million (USD 119.2 million) on mall refurbishments and new locations. A slight decrease from last year, the figure signifies a move focused on portfolio consolidation, and the need for the company...
According to a research report by Japanese Bank Nomura, Malaysia is the fourth biggest beneficiary of the trade war. Vietnam is the biggest beneficiary, gaining 7.9% of its gross domestic product (GDP) as a result of increased exports, followed by Taiwan (2.1%) and...
Australia-based MNC retailer of furniture, bedding, computers, communications and consumer electrical products, Harvey Norman has opened a new outlet in Miri, Sarawak on the third of May, with hundreds of special deals and promotions accompanying the launch. According...
KPJ Healthcare, leading healthcare group in Malaysia announced MYR 200 million (USD 47.95 million) expansion plans, including a new hospital tower for KPJ Tawakkal Specialist Hospital (KPJ TSH) and the recruitment of Medical consultants. The tower will have 17 floors...
Petronas, a Malaysian state-owned oil and gas company, has entered into an agreement with I Squared Capital, a leading global Infrastructure investor, to acquire 100% interest in Amplus Energy Solutions Pte Ltd, also known as M+, a Singapore-based company with a...
