Aerospace industry targets RM30bil in revenue this year – Tengku Zafrul

KUALA LUMPUR: The Ministry of Investment, Trade and Industry is optimistic that aerospace industry revenue will reach RM30 billion this year, up from RM25.1 billion recorded in 2024. Its Minister, Tengku Datuk Seri Zafrul Abdul Aziz said the confidence was based on the current prospects and positive developments in existing projects and pipelines. "The aerospace industry is...

Malaysia agrees to boost tech, LNG purchases from U.S. as part of trade deal

KUALA LUMPUR: Malaysia will spend up to US$150bil in the next five years to buy equipment from U.S. multinationals for its semiconductor, aerospace and data centre sectors, part of a deal with Washington to cut tariffs, its trade minister said on Monday. The United States announced last week that it would impose a 19% tariff on...

US keen to enhance offshore gas, aerospace collaboration with Sarawak, says ambassador

KUCHING: The United States (US) is keen to strengthen cooperation with Sarawak, particularly in the offshore gas and aerospace sectors. US Ambassador to Malaysia Edgard D. Kagan said that Sarawak has huge potential and expertise in both sectors and is making great strides in the renewable energy sector. He said these were among the topics he discussed...

PM’s UAE visit brings in over RM40bil of investments

ABU DHABI: Prime Minister Datuk Seri Anwar Ibrahim's working visit to the United Arab Emirates (UAE) on Thursday and Friday (Oct 5 and 6) only lasted about 36 hours, but that short period led to great benefits for the country, especially in terms of foreign investment. Anwar’s packed schedule started on Thursday with a meeting with...