Penang Secures Approval for International Logistics Aeropark, Earthworks Begin Penang has approved the masterplan for the Penang International Logistics Aeropark (PILA), a major project designed to strengthen the state’s logistics network. The development is a joint venture between Penang Development Corporation and Malaysia Airports Holdings Berhad. It will include a new cargo terminal to improve…
Malaysia’s New Incentive Framework (NIF) Targets Quality Investments and High-Paying Jobs Malaysia’s NIF, starting March 1, is designed to attract high-quality investments and support High-Income Job Creation across the country. NIF Drives High-Paying Jobs and Accountability Deputy Finance Minister Liew Chin Tong said the NIF will help create more high-paying jobs while encouraging development in…
Malaysia and India Strengthens Palm Oil Partnership to Boost Value Chain and Product Innovation Malaysia and India are working to strengthen their partnership in the palm oil industry, creating more opportunities for agribusiness investment Malaysia. Malaysia–India Boost Palm Oil Trade and Investment Cooperation Prime Minister Anwar Ibrahim confirmed that Malaysia will continue to be a…
Ringgit Strengthens 0.2% as Steady Investor Inflows Lift Confidence The ringgit strengthens by 0.2% against the US dollar, closing firmer in Kuala Lumpur as steady investor inflows continued into Malaysian bonds and shares. It also performed better against a wide range of major global currencies. This reflects growing confidence in local demand, stable policies and…
Digital Services and Low-Value Goods Taxes Drive Strong Revenue Growth Malaysia has collected close to RM2.1 billion from Digital Services & Low-Value Goods Trade, thus showing strong gains from taxes aimed at the fast-growing online economy. RM1.62 billion came from the Service Tax on Digital Services (STODS), while RM476 million was raised through the Low…
Malaysia Is Among the Few Markets in Asia To Improve Financial Inclusion In 2025 Malaysia has emerged as one of the few countries to record meaningful progress in financial inclusion in 2025. It was one of only two markets worldwide to post year-on-year gains across all three pillars of the Global Financial Inclusion Index: government…
Malaysia’s “Sovereign AI Cloud” Takes Centre Stage in Budget 2026 Malaysia has unveiled plans for a major new initiative, the “sovereign AI cloud”, which is central to the country’s aim of becoming an advanced AI nation by 2030. The project will be led by the Malaysian Communications and Multimedia Commission (MCMC) and is supported by…
Malaysia Brings USD15 Billion in Foreign Investments in First Quarter Malaysia has attracted nearly USD15 billion across key sectors. These include semiconductors, data centres, logistics, and automotive manufacturing. Despite global uncertainty and trade tensions, the Malaysian Investment Development Authority (MIDA) reported that almost 70% of total approved investments — worth about USD21 billion — came…
Malaysia’s Electricity Tariff Reform Will Help Businesses Track Fossil Fuel Costs and Invest in Clean Energy The new electricity tariff reform being introduced in Malaysia will provide businesses with greater visibility into energy costs and encourage investment in cleaner alternatives. The Energy Commission announced that Peninsular Malaysia’s new tariff structure will separate energy, capacity, network…
Malaysia Palm Oil Stocks Highest in the Last Two Years Malaysia’s palm oil stocks are at its peak in the last two years, climbing for the fifth straight month in July as output growth outpaced exports. Inventories rose 4.02% from June to 2.11 million metric tonnes, while crude palm oil production increased 7.09% to 1.81…