LBS Bina Ventures into Renewable Energy with USD 22 Million Solar Project
A consortium led by Malaysian property developer LBS Bina Group has awarded an MYR 104 million (USD 22 million) Engineering, Procurement, Construction, and Commissioning (EPCC) contract to Solarvest, a regional leader in clean energy solutions. The contract covers the...
World Bank Revises Malaysia’s 2024 Growth Forecast Upward to 4.9%
The World Bank has raised its projection for Malaysia’s economic growth in 2024 to 4.9%, an increase of 0.6 percentage points from its earlier forecast of 4.3% in April 2024. This revision reflects Malaysia’s stronger-than-expected performance in the first half...
Malaysia’s Budget 2025 Focuses on Enhancing Maritime Security Infrastructure
The Malaysian government has allocated MYR 675 million (USD 143 million) in Budget 2025 to strengthen its maritime security capabilities. This funding will be used to procure three new vessels as well as to upgrade vessels. Currently, the Malaysian Maritime...