South Korea’s SPC To Build First Halal Food Hub in Southeast Asia

South Korea’s SPC To Build First Halal Food Hub in Southeast Asia

The SPC Group, a South Korean-based company that owns the international bakery chain Paris Baguette, will invest MYR 130 million (USD 28 million) in Malaysia to create its first halal food manufacturing center. It will be the group’s first production facility in...
Malaysia to Introduces Tax Incentives in Carbon Capture and Storage

Malaysia to Introduces Tax Incentives in Carbon Capture and Storage

In an effort to establish itself as a regional hub for the developing industry, Malaysia has announced the implementation of tax incentives for carbon capture and storage (CCS). The tax incentives are a part of Malaysia’s annual budget plan, Budget 2023, with...
Shell Invests in Phase 4 of Deepwater Project in Malaysia

Shell Invests in Phase 4 of Deepwater Project in Malaysia

Shell PLC announced its second investment in Malaysia’s oil and gas sector within a month through its local unit, Sabah Shell Petroleum Co, in the phase 4 of the Gumusut-Kakap-Geronggong-Jagus East (GKGJE) deepwater offshore development project. Shell will be joining...
Malaysia Purchases Italy’s Leonardo Maritime Patrol Aircraft

Malaysia Purchases Italy’s Leonardo Maritime Patrol Aircraft

Malaysia’s Ministry of Defense announced that the Italian company Leonardo was chosen by the government as its preferred supplier for a maritime patrol aircraft program (MPA). The government has agreed to procure two MPAs from the company. Defense Minister...
Malaysia’s Digital Economy Reaches USD 21 Billion in 2022

Malaysia’s Digital Economy Reaches USD 21 Billion in 2022

Malaysia’s digital economy increased by 13% year over year in 2022, reaching a gross merchandise value of USD 21 billion (GMV), mostly contributed by the rise of e-commerce and the rebound of online travel. Malaysia’s GMV is anticipated to rank fourth in...