News
Germany’s X-FAB expands manufacturing site in Malaysia with $600M investment
X-FAB, the Germany-based analog/mixed-signal and specialty foundry, has expanded its manufacturing site in Sarawak, Malaysia with $600 million investment.
Malaysia’s KLK Land launches $830M tech park in Tanjong Malim
Malaysia-based KLK LAND, a wholly owned subsidiary of Kuala Lumpur Kepong Berhad (KLK), has launched KLK TechPark, a 1,500-acre integrated industrial hub in Tanjong Malim.
Maybank sees minimal impact from Sea’s Shopee seller commission raise
Maybank Investment Bank said Friday that it sees minimal pushback from the second round of seller commission raise from Sea's e-commerce arm Shopee.
APAC data center market sees 160 percent growth in new project in first half – Knight Frank
Knight Frank’s Asia-Pacific Data Center report showed Wednesday that in the first half of this year, the region secured nearly 13 gigawatt (GW) of new project announcements, a 160 percent increase and more than double the 5GW announced in the same period last year.
KANEKA partners BACRE to launch $7M biomass steam plant in Malaysia
Kaneka Malaysia Sdn Bhd and BAC Renewable Energy Sdn Bhd (BACRE) have teamed up to launch MYR 30 million ($7.13 million) biomass steam plant in Gebeng, advancing Malaysia’s renewable energy and energy transition roadmaps.
Petronas delivers Malaysia’s first locally blended sustainable aviation fuel
Petroliam Nasional Berhad (Petronas), a Malaysian oil and gas company, has successfully delivered Malaysia’s first blended sustainable aviation fuel (SAF) to KL International Airport (KLIA) for the Malaysia Aviation Group (MAG), establishing its in-house capability and readiness to provide continuous, scalable supply in Malaysia.
OCBC Malaysia invests $2.37M in AI upskilling
OCBC Malaysia, a unit of the Singapore-based OCBC Group, is investing over MYR 10 million ($2.37 million) a year in people development programs, with a significant focus on artificial intelligence (AI), reskilling and upskilling.
Temasek backs PsiQuantum $1B Series-E funding to build world’s first fault-tolerant quantum computers
PsiQuantum announced Wednesday it has raised $1 billion in funding for its Series E round to build the world’s first commercially useful, fault-tolerant quantum computers.
TVM Capital Healthcare announces first closing of its $150M Southeast Asia Fund
TVM Capital Healthcare, a global private equity investor and operator specialized in healthcare growth capital across emerging markets, announced Wednesday the first closing of its $150 million TVM Healthcare Southeast Asia Fund (SEA Fund).
11 startups backed by Sanabil Accelerator by Orbit advance innovation across MENA
These startups each received $100,000 in initial funding as part of the accelerator, along with access to follow-on investment, mentorship, and Orbit’s global network to scale their businesses in MENA and beyond. Over the program, the startups focused on refining product strategies, growing sales, and connecting with corporates, investors, and government…
