Malaysian Energy Firm Yinson Raises USD 1 Billion
Yinson Holdings, a Malaysian energy infrastructure company, has secured a significant USD 1 billion funding round for its subsidiary, Yinson Production, which specializes in equipment for the offshore oil and gas industry. The investment comes from a consortium of...
Malaysia and Singapore Launch Groundbreaking Johor-Singapore Special Economic Zone
On January 7, 2025, Malaysia and Singapore finalized an agreement to establish the Johor-Singapore Special Economic Zone (JS-SEZ), a groundbreaking initiative aimed at strengthening economic ties between the two countries. Malaysian Prime Minister Anwar Ibrahim...
Malaysian Army Awards Hovercraft Contract to Local Firm IDC Technologies
IDC Technologies Sdn Bhd has been awarded a contract to supply six hovercraft fast interceptors to the Malaysian Army. The contract, valued at MYR 20.37 million (approximately USD 4.59 million), was officially awarded to IDC Technologies on January 29, 2025. The...