Malaysian PM Announces Plans for One-Stop Center to Attract FDI

Malaysian PM Announces Plans for One-Stop Center to Attract FDI

Tun Dr Mahathir Mohamad, the Prime Minister of Malaysia, announced he is planning to set up a one-stop center to ease the approval process for investments and reduce red tape for foreign entrepreneurs and investors. The Prime Minister expressed his confidence that the...
Maxis Launches First Commercial Narrowband-IoT Service in Malaysia

Maxis Launches First Commercial Narrowband-IoT Service in Malaysia

Maxis has launched Malaysia’s first commercial Narrowband Internet of Things (NB-IoT) service. Starting from April 2019, the company activated its NB-IoT network within key IoT market centers in selected areas, including Cyberjaya, Kuching, Penang, Johor, Putrajaya...
Nestle Malaysia Announces MYR 220 Million of Capital Expenditure

Nestle Malaysia Announces MYR 220 Million of Capital Expenditure

Nestle Malaysia Bhd announced capital expenditure (capex) of MYR 220 million (USD 52.75 million) for the current year, with the majority, MYR 100 (USD 23.98 million), allocated to expand its factory in Chembong, Negeri Sembilan into ‘the world’s largest Milo...
Sabah to Host New Aerospace Training Center

Sabah to Host New Aerospace Training Center

The state of Sabah in Malaysia will host the country’s first and only aircraft maintenance technician training center when the proposed MYR 25 million (USD 5.99 million) KKIP Aerospace Training Center at Kota Kinabalu Industrial Park (KKIP) starts running by mid 2020....

Implementation of Sugar Tax in Malaysia Postponed to July

After taking into account feedback from stakeholders, the Malaysian government decided to postpone the implementation of sugar tax on soft drinks and juices to July 1 from the previously announced April 1. This postponement aims to give manufacturers and the Customs...

Malaysia Planning Centralized Hub for Plastic Recycling

The Malaysian government is looking to introduce a centralized plastic recycling hub to better monitor and manage the industry. According to the Housing and Local Government Minister, Zuraida Kamaruddin, all plastic waste recycling factories outside the park will be...

Malaysia Seeking Partners to Drive Global Halal Economy Growth

The Malaysian government is seeking partnership with other countries to drive growth of the Halal economy. The Halal Industry Development Corporation (HDC) recently signed a memorandum of understanding (MOU) with South Korea to learn about their latest technology and...

Malaysia signs contracts worth USD 888 Million at LIMA’19

The Ministry of Defence (MOD) of Malaysia signed seven procurement and industrial collaboration program contracts worth MYR 3.67 billion (USD 888 million) at the Langkawi International Maritime and Aerospace Exhibition 2019 (LIMA’19). These were mainly procurement...

China-Backed Railway Project in Malaysia to Resume After Cost Reduction

The East Coast Rail Link (ECRL) project in Malaysia is being revived after a significant reduction in the price by China. According to initial plans, the project would build a 688km rail line connecting the coast along South China Sea at the Thai border in the east...