Malaysia

Tenaga Nasional Bhd (TNB), IOI Corporation Bhd and a consortium of 12 small and medium enterprises (SMEs) are jointly developing a 500MW solar photovoltaic project with a 250MW/1,000MWh battery energy storage system in Bahau, Negeri Sembilan.

Malaysia-based Yinson GreenTech has signed a participation agreement with Saxon Renewables to join EVolve, a carbon program that brings multiple electric vehicle (EV) charging infrastructures together under a single project registered under Verra’s Verified Carbon Standard.

Estek Automation Sdn. Bhd. (Estek), a homegrown Malaysian engineering and automation company, has officially opened its new 50,000-square-foot manufacturing facility in Batu Kawan, Penang, representing a total investment of MYR 20 million ($4.91 million).

Neural Semiconductor Sdn. Bhd., a wholly owned subsidiary of Neural Semiconductor Inc., United States, has officially opened its VLSI design center at GBS@Mayang, Bayan Lepas, Penang.

Malaysia-based lending technology provider Juris Technologies Sdn Bhd (JurisTech) has partnered with Thai-listed enterprise software company TBN Corporation to develop artificial intelligence (AI)-powered digital lending solutions for Thailand's financial institutions, initially targeting the non-bank lending segment.

Econili Battery New Energy, a Malaysian lithium-ion battery recycler, has raised new capital from Vynn Capital, a venture firm focused on mobility, travel, and supply chains, increasing the total funding to MYR8 million ($1.96 million).

The crypto exchange is in talks on the “viability and structure of licensed business model in Malaysia”, the spokesperson added.

Malaysia-based telecommunication firm CelcomDigi Berhad and Kulim Technology Park Corporation Sdn Bhd (KTPC) have on last Friday entered into a 15-year strategic agreement to provide fiber connectivity at Industrial Zone Phase 4A (IZP 4A) of Kulim Hi-Tech Park (KHTP).

Malaysia's lender Hong Leong Bank (HLB) is expanding its cross-border payment ecosystem by integrating Alipay+ through Payments Network Malaysia (PayNet), establishing an extensive overseas QR payment networks directly within the HLB Connect App.

Google has committed $160 million to new shared water infrastructure in Negeri Sembilan, Malaysia, in order to support local needs and its planned data center there.