Signature Market, a Malaysian healthy snacks e-commerce retail platform, has raised MYR 4 million (USD 1 million) of capital from private investment firm RHL Ventures, Axiata Digital Innovation Fund and other investors. Signature Market was founded in 2014 with the...
Sinmah Capital Bhd (Sinmah) is venturing into the healthcare segment, earmarking MYR 100 million (USD 25 million), to be raised through internal funds and bank loans, for building a hospital in Nilai. Sinmah is an investment holding company, which divested its poultry...
Tenaga Nasional Berhad (TNB), Malaysia’s leading electricity utility with a presence throughout Peninsular Malaysia, Sabah and Labuan, has secured USD 35 million financing for its second Large Scale Solar (LSS) project in Malaysia in Bukit Selambau, Kuala Muda,...
While the construction industry is experiencing weaker sentiments in Peninsular Malaysia, the sector is booming in East Malaysia particularly in Sarawak. In its latest budget the largest state in Malaysia announced an allocation of MYR 9.1 billion (USD 2.23 billion)...
The Malaysian Department of Environment (DoE), under the Ministry of Energy, Science, Technology, Environment and Climate Change (MESTECC), has set a target to close down 100 illegal plastic recycling factories by end of March 2019. MESTECC has identified a total of...
A locally listed company in Malaysia working with Malaysia Automotive Robotics and IoT Institute (MARii) is seeking to set up a facility in the next 18 months to manufacture 18650 lithium ion batteries of the type used in Tesla vehicles in terms of size and Energy...
Malaysia is considering to add up to 30 lightweight multirole fighter jets to complement its fleet of F/A – 18D and Su-30MKM aircrafts. It was reported that the country’s Royal Malaysian Air Force (RMAF) has asked India to send a Tejas fighter to Langkawi...
Malaysia’s Prime Minister Tun Dr. Mahathir Mohamad has announced the formation of Economic Action Council (EAC) to tackle the gripping economic issues the country is facing. Led by the prime minister himself, the EAC comprises of 16 members from the cabinet, public...
Malaysia is set to regulate crypto transactions such as Initial Coin Offerings (ICOs) and other cryptocurrency trades. The Securities Commission Malaysia (SC) amended its Guidelines on Recognized Markets on 31 January, 2019 to introduce new requirements for electronic...
Malaysia is expected to experience slower growth in 2019, in anticipation of global trade uncertainties which would affect the trade flows to the region. While the government is more optimistic with 4.9% of GDP forecasted, consensus GDP growth forecast from Bloomberg...
Malaysia’s Prime Minister, Tun Dr. Mahathir Mohamad has launched the B10 Biodiesel Programme for all diesel vehicles in the transportation industry starting from 1 February 2019. Fuel mix for these vehicles will soon comprise 10% palm oil biodiesel and 90% fossil...
Swiss company, DKSH signed an agreement in December 2018 to acquire the consumer goods distribution business of Auric Pacific in Singapore and Malaysia for an initial price of USD 160 million, to complement its existing fast-moving consumer goods (FMCG) market...
