KUALA LUMPUR: Winstar Capital Bhd is accelerating its growth in the renewable energy and aluminium markets by leveraging opportunities from Malaysia’s Large Scale Solar 5 (LSS5) initiative. Executive director and CEO Vincent Chua Boon Hong said the company aims to capture a 5% share of the RM10 billion LSS5 solar mounting structure market, representing an…
PETALING JAYA: A multiyear tax calendar, combined with stronger enforcement measures, could strike a better balance between curbing smoking and addressing the growing illicit tobacco trade. University Kebangsaan Malaysia (UKM) public health medicine specialist Professor Dr Sharifa Ezat Wan Puteh said the absence of a tobacco tax increase in Malaysia’s 2025 Budget has sparked debate…
KUALA LUMPUR: In a move to bolster Malaysia’s technological capabilities, the Manpower Department (JTM) under the Ministry of Human Resources (MoHR) is partnering with Huawei Malaysia to set up the country’s first Huawei Learning Centre within the Industrial Training Institute in Kuala Lumpur. Human Resources Minister Sim Chee Keong said the collaboration is the result…
KUALA LUMPUR: TMK Chemical Bhd is doubling down on its core business with strategic acquisition plans and the construction of a new plant to meet growing market demand. Non-independent executive director and deputy chairman Leong Chao Seong revealed that the company is in the early stages of evaluating acquisition targets closely aligned with its existing…
KUALA LUMPUR: Malaysia-based logistics company Diolko Logistics Malaysia Sdn Bhd is pioneering green delivery solutions to reduce carbon emissions and alleviate urban congestion. Diolko CEO Yoann Gueguen said that by leveraging public transport systems, including the Rapid Kuala Lumpur rail network, the company aims to revolutionise last-mile logistics in Southeast Asia. “We are proud to…
KUALA LUMPUR: The Malaysian Investment Development Authority (Mida) and the Federation of Malaysian Manufacturers (FMM) have launched MYSite Selection Portal, an innovative digital platform to transform the way industrial sites are chosen in Malaysia. In addition to this digital platform, Mida and FMM also introduced the Malaysia Industrial Parks Directory, a comprehensive directory providing detailed…
KUALA LUMPUR: SunStrong Entertainment, a Malaysian company known for its social impact films, is diversifying its business to adapt to industry trends by launching Thousands of Years Media (ToYM), a venture aimed at integrating entertainment, education, technology and marketing. A typical SunStrong Entertainment production is the RM6.75 million Pavane for an Infant, which was shown…
PETALING JAYA: Corporate capital expenditure (capex) in Malaysia is experiencing 15.3% growth in 2024, signalling increased confidence from both domestic and international investors, said MARC Ratings Bhd CEO Rajan Paramesran (pic). He said the increase highlights the nation’s robust economic policies and ongoing initiatives to attract high-value investments across diverse sectors. “Malaysia remains committed to…
PETALING JAYA: Malaysia is embarking on a pivotal journey towards economic resilience as the government reduces subsidies to alleviate fiscal pressure while ensuring market stability. MARC Ratings Bhd chief economist Dr Ray Choy said the move has been the focus of policy discussions, reflecting the need for a balanced approach. “Subsidy rationalisation is not just…
SEPANG: The takaful industry in Malaysia has achieved a major milestone, with total assets reaching RM52.3 billion as of June, said Malaysian Takaful Association chairman Elmie Aman Najas. He said the RM52.3 billion milestone not only marks a significant achievement but also sets the stage for greater contributions to Malaysia’s financial and social fabric. He…
