Penang gets approval for RM33.22 billion in federal development projects
Implementation funding for 2027 stands at RM2.68 billion, covering a portfolio of 44 new projects and 236 ongoing projects.
Investment & Expansion
Foreign and domestic investment, new plants, expansion plans and funding.
MS&AD explores possible takeover of LPI Capital
Public Bank owns about 44% of the Malaysian insurer, which has a market capitalisation of about RM5 billion.
KKR plans some RM2.6 billion investment in PETRONAS’ India renewables unit
The proposed funding will not give KKR equity in Gentari Renewable India, but will provide an option to buy a stake later, The Economic Times reported.
Amir Hamzah says broader economy gives Malaysia buffer against 2027 risks
The minister cited diversified export destinations, stronger public finances and domestic investment as support for economic resilience.
Silicon Island records 202.3 hectares of reclaimed land
The RM420 million Pan Island Link 2A project targets a December 2028 opening for its initial bridge section, with full completion by June 2029.
IOI Properties says board has not considered potential Singapore purchases
The clarification follows a report that the developer was in exclusive talks for Chijmes and the Capitol Kempinski hotel.
Cape EMS partners Pro3C for Johor expansion, proposes RM50 million RCPS issue
Pro3C plans to increase its Senai facility’s surface-mount technology production lines from eight to 18 by 2027.
PETRONAS and Petrovietnam agree to widen energy partnership
The strategic alliance sets out cooperation in exploration, gas, downstream activities and low-carbon solutions, PETRONAS said.
Group turnover to determine coverage of RM2,000 minimum wage
Foreign workers employed by firms subject to the higher rate will also be covered, while exempted employers must continue paying RM1,700 per month.
Malaysia plans to bring China’s Luban Workshop training to rural areas
Zahid says the programme would help local TVET instructors develop technical skills without sending students to China.
