Category: Business

DUBAI, Malaysia is making a significant impact at the Expand North Star 2024 (ENS 2024) event in Dubai with a 120-square-foot pavilion featuring 15 local technology companies. Led by the Malaysia Digital Economy Corporation (MDEC), the companies showcasing their products and services include OmniNexus, Codon Genomics, ProximaX Malaysia, Wilstech, Vero AI, and others, highlighting Malaysia’sMalaysia’s advanced digital infrastructure and innovation capabilities. MDEC’s head of digital industry acceleration, Wan Murdani Wan Mohamad, said the Malaysia pavilion, launched on Sunday, includes a dedicated meeting space for business discussions with potential investors, facilitating opportunities that could bring substantial value to Malaysia. The Consul

KUCHING, The Sarawak Multimedia Authority (SMA) has signed a memorandum of understanding (MoU) with Malaysia’s premier satellite solutions provider, MEASAT Global Bhd (MEASAT), to enhance Sarawak’s space industry development. The signing was witnessed by Sarawak’s Minister for Utility and Telecommunication Datuk Seri Julaihi Narawi today. Under the MoU, MEASAT will serve as a consultant to the Sarawak Space Industry and Satellite Committee (SISCOM) and offer industry expertise to shape policies, guidelines and the future of space and satellite industries in Sarawak. This will also include training and talent development, leveraging MEASAT’s more than 30 years of experience in satellite management

KUALA LUMPUR, With Budget 2025 set to be announced this Friday, SME Bank Bhd is calling for strategic measures to support the growth of small and medium enterprises (SMEs), focusing on sustainability, financial resilience, and digital transformation. Acting group president and chief executive officer Datuk Dr Mohammad Hardee Ibrahim anticipates that the forthcoming announcement will provide comprehensive and cohesive measures to align with the government’s goals of enhancing the nation’s economy and improving the quality of life for the rakyat. He emphasised the crucial role of financial institutions, especially development financial institutions (DFI), in economic development. ‘SME Bank stands out

KUALA LUMPUR, The East Coast Economic Region Development Council (ECERDC) has secured RM13.3 billion in realised investments for the region as of September, surpassing its 2024 target of RM10 billion. The investments will create over 8,700 job opportunities across industries, including steel manufacturing, petrochemicals, biomass products, and tourism, said ECERDC. ‘Under the East Coast Economic Region (ECER) Master Plan 2.0 (EMP 2.0) from 2018-2025, the council has secured RM44.4 billion in realised investments for ECER, representing 90 per cent of the RM49 billion target set for the plan’s completion. ‘These investments have generated over 69,000 job opportunities and created more

KUALA LUMPUR, The delivery of Malaysia Aviation Group’s (MAG) first A330neo aircraft, originally scheduled for September 2024, has been delayed and is now expected to take place by late November 2024. MAG, the parent company of Malaysia Airlines, said the delay was due to findings identified by Airbus during the flight line stage. ‘As a result of this delay, MAG regrets to inform that Malaysia Airlines’ planned inaugural A330neo flight to Melbourne on Nov 25, 2024, along with subsequent flights scheduled with the A330neo, will be impacted,’ it said in a statement today. MAG said the airline will revert to