75% of Malaysian exports to EU affected by Carbon Border Adjustment Mechanism
The EU’s Carbon Border Adjustment Mechanism (CBAM) will impact 75% of Malaysia’s exports to the bloc, according to the Securities Commission Malaysia (SC).
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
CPTPP helps raise Malaysia-Canada bilateral trade by 25%
Malaysia has seen a 25% increase in bilateral trade with Canada since 2018, bolstered by the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP), which came into force in Malaysia in November 2022.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Chinese photovoltaics firm Trina Solar signs $700 mln material supply deal for Vietnam factory
OCI Holdings, a South Korean chemical company, has signed a long-term supply contract worth KRW930 billion ($693.9 million) with China-based photovoltaics (PV) company Trina Solar for the latter’s factory in Vietnam.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysia declines to host 2026 Commonwealth Games
Malaysia has rejected an offer to host the 2026 Commonwealth Games Federation (CGF), under a decision made by the cabinet on Friday.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysia leads global Halal food market
Malaysian Deputy Prime Minister Ahmad Zahid Hamidi has said that the global demand for halal products is steadily increasing, with forecasts estimating a market worth $5 trillion by 2030.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysia has best investment conditions among Asia’s emerging and developing countries: Milken Institute
Malaysia is the country with best overall investment conditions among emerging and developing (E&D) nations in Asia, according to the Global Opportunity Index (GOI) 2024 report by the US’s Milken Institute.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysia rolls out red carpet for German businesses
German Prime Minister Olaf Scholz held talks with his Malaysian counterpart Anwar Ibrahim on March 12, who is on a six-day official visit to Germany, to discuss measures to bolster the bilateral relations and issues of mutual concern.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
E-payment more popular in Malaysia
E-payment has become an essential part of the daily lives of Malaysians, especially after the Covid-19 pandemic.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Australian companies plan to invest $5.18 billion in Malaysia
At the roundtable dialogue between Malaysian Prime Minister Anwar Ibrahim and Australian companies in Melbourne on the sideline of the ASEAN-Australia Special Summit, major Australian groups have shown interest to invest a total of $5.18 billion in the Southeast Asian country.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysia’s 2024 economic outlook positive: experts
Malaysia’s Institute for Democracy and Economic Affairs (IDEAS) on Wednesday held a “Malaysia Outlook Conference 2024: Ensuring Stability Delivers” which attracted researchers, scholars, and the media.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai, Malaysian PMs discuss tourism cooperation
Tourism cooperation under the “Six Countries, One Destination” initiative, rising airfares and investment in the food industry were among the topics discussed at a meeting between Thai Prime Minister Srettha Thavisin and his Malaysian counterpart Anwar Ibrahim on Tuesday.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysia builds national action plan to achieve energy transition targets
Malaysia is drafting a national energy efficiency action plan for 2026 - 2035 (NEEAP 2.0) to continue efforts to achieve energy transition targets, its Deputy Prime Minister Fadillah Yusof has said.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysia proposes one-time subsidy for EV owners
The Ministry of Investment, Trade and Industry (MITI) of Malaysia has presented a proposal for a one-time subsidy for electric vehicle (EV) owners to boost the growth of this industry.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysia works to strengthen local currency
Malaysia's ringgit is expected to continue to strengthen this year, trading at RM4.5 against the US dollar by year-end, driven by the country’s positive economic performance, Finance Minister II Amir Hamzah Azizan has said.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
China's COMAC to showcase aircraft in Malaysia
The Commercial Aircraft Corporation of China Ltd (COMAC), a Chinese state-owned airplane manufacturer, is preparing to conquer the ASEAN market by conducting a flying display of its C919 and ARJ21 in Malaysia and four other countries in the region this year, the New Straits Times has reported.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
Public Bank to spend $15 mln on acquiring RHB Securities Vietnam
Public Bank Vietnam, a wholly owned subsidiary of Malaysia’s Public Bank Berhad, will spend VND374 billion ($15.24 million) on acquiring RHB Securities Vietnam.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysian firm’s subsidiary to sell popular Chinese brand auto products in Vietnam
TC Services Vietnam Co., Ltd, a subsidiary of Malaysia’s Tan Chong Motor Holdings Berhad, will import, distribute and sell vehicles and parts made by China’s GAC Motor International.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam spends $1.4 bln on food delivery in 2023, up 30%: Momentum Works
Food delivery services in Vietnam reached a gross merchandise value (GMV) of $1.4 billion in 2023, up 30% year-on-year, according to Singapore-based market researcher Momentum Works.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Full legality helps Malaysia’s Gamuda make wholesome realty gains in Vietnam
Amidst Vietnam’s real estate relative stagnation in 2022-2023, Malaysia’s Gamuda Berhad has managed to buck the trend, earning big revenues and starting work on big projects.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysian realty developer Pavilion plans $1.4 bln complex in Vietnam, embracing MotoGP
Pavilion International, a leading real estate developer in Malaysia, plans to invest $1.4 billion in building a resort, entertainment and sports complex in the Mekong Delta city of Can Tho.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
CapitaLand, United Overseas Australia to develop $247 mln real estate project in Vietnam
CapitaLand (Vietnam) Holdings, under Singapore’s CapitaLand, and Malaysia-headquartered realty firm United Overseas Australia have set up a joint venture to develop a $247.1 million real estate project in Vietnam.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysia Exim Bank to arrange $2.42 bln for southern Vietnam thermal power project
Export-Import Bank of Malaysia Berhad (EXIM) has been appointed exclusive Mandated Lead Arranger for a syndicated financing facility of $2.42 billion for the $3 billion Song Hau 2 thermal power plant in Hau Giang province.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Petrovietnam, Petronas ink wide-ranging cooperation pact
Petrovietnam and Petronas, national oil companies of Vietnam and Malaysia, respectively, have signed a memorandum of cooperation (MoC) in renewable energy, gas, upstream and downstream sectors.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam beneficiary as global semiconductor supply chain shifts: HSBC exec
Vietnam and Malaysia are major Southeast Asian beneficiaries of semiconductor industry investments and this will benefit other industries as well, said Frederic Neumann, chief Asia economist of HSBC.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam becomes biggest overseas market for Malaysia giant Gamuda Land
Gamuda Land, the realty arm of Malaysian infrastructure giant Gamuda, recorded overseas sales of RM2 billion ($424.8 million) in fiscal year 2023 (ending July 2023), with Vietnam accounting for the biggest portion at 76%.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysia’s Solarvest installs 11 solar projects in Vietnam
Malaysia’s energy solution provider Solarvest Holdings Berhad, via its wholly-owned subsidiary Solarvest (Vietnam) Co. Ltd., has installed 11 rooftop solar projects in Vietnam.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysian developer SkyWorld makes first land acquisition in Vietnam
Malaysia’s SkyWorld, developer of the well-known Genting SkyWorlds Theme Park, has acquired 5,300 square meters of land in Ho Chi Minh City, its first land acquisition in Vietnam.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese rice exporter to borrow $9.6 mln from Malaysian bank
Trung An High-Tech Agriculture JSC, a leading rice exporter in Vietnam, plans to borrow VND230 billion ($9.55 million) from Malaysia’s Malayan Banking Berhad (Maybank) to augment its working capital.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam records $500 mln in real estate M&A in first half: JLL
The transaction value of real estate mergers & acquisitions in Vietnam totaled $500 million in the first half of this year, up 41.2% versus the same period of pre-pandemic 2019, according to Jones Lang LaSalle.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam agri-major Loc Troi prepares rice shipments to Indonesia, Malaysia
Loc Troi JSC, a leading agricultural services and food corporation in Vietnam, will export rice to Indonesia and Malaysia in a new move amidst rising prices in key exporting countries.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysia’s Gamuda to spend $316 mln on Vietnam real estate project acquisition
Gamuda Land, the property arm of Malaysia’s Gamuda Berhad, will spend VND7.2 trillion ($315.8 million) to acquire 100% of equity in Vietnam’s Tam Luc Real Estate Corporation.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam among top Asian retirement destinations: Nasdaq
Vietnam ranks fourth in a list of 10 safest places to retire in Asia behind Malaysia, Kuwait, and Mongolia, according to US-based financial services corporation Nasdaq.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysia energy firm Yinson renews lease on Petrovietnam vessel for $75 mln
Malaysia’s Yinson Production will pay $74.6 million for a five-year extension on a bareboat charter contract for the PTSC Bien Dong 01, a floating storage and offloading (FSO) vessel owned by Petrovietnam’s technical arm PTSC.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysia’s TNB teams up with energy players in Vietnam, Laos for regional transition
Malaysian energy company Tenaga Nasional Bhd has inked cross-border partnerships with key companies in Vietnam and Laos to enhance its ongoing drive to strengthen the ASEAN Power Grid (APG) interconnectivity.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Four Southeast Asia countries face US solar tariff threat
Vietnam, Cambodia, Malaysia, and Thailand are likely to pay tariffs of up to 254% on their export of solar panels and modules to the U.S. after the Senate has passed a resolution to restore import tariffs for the four countries.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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