Malaysia is expected to surpass its 2040 National Energy Policy renewable energy target of 18.43GW by 2031, supported by large-scale solar projects, strong policies, financing access, and improved grid and storage capabilities, says GlobalData.
Eni and Petronas have established Searah, a 50/50 joint venture combining key businesses in Indonesia and Malaysia, finalised seven months after their investment agreement and 16 months after signing a memorandum of understanding.
The heightened volatility in commodity prices, profit rates, and exchange rates following the onset of the Iran war has reinforced the importance of Islamic derivatives for risk management, Fitch Ratings says. However, adoption is fragmented, and varies by sector and country.
Malaysian low-cost airline AirAsia X said has postponed the launch of its planned service via Bahrain until at least August due to the conflict in the Middle East, Reuters report said.
Malaysia is set to roll out a line-up of festivals, events, and retail experiences across the country, positioning the destination as an option for GCC travellers planning holidays around the Eid al Adha period.
MGB, a leading construction, property development and IBS precast concrete manufacturer, has secured a key contract from leading Saudi developer Roshn for the construction of 75 villas under its Marafy Al Arous Development Project in Jeddah.
Strohm will supply two insulated carbon fibre PA12 thermoplastic composite pipe jumpers for a Southeast Asian operator. The 7-inch jumpers support an offshore Sabah field extension in 1,350m depth, with installation planned in 2027.
QatarEnergy has signed a 20-year liquefied natural gas (LNG) Sale and Purchase Agreement (SPA) with Malaysia's Petronas LNG (PLL), a subsidiary of Petronas, the first long-term LNG supply agreement between the two companies.
Oman has signed an concession agreement with a joint venture of Oman's OQ Exploration and Production and Malaysian group Petronas for an offshore block in the Sea of Oman spanning 21,000 sq km. This comes as part of the government's efforts to boost exploration and production activities in the sultanate.
Malaysia’s Special Business Mission to Dubai has wrapped up with resounding success, generating significant investor interest and reaffirming Malaysia’s position as a rising global player in the franchise and SME ecosystem.
