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https://technode.global/2023/06/01/malaysian-regulator-seeks-to-transform-agri-sector-via-fintech-alternative-financing/
Malaysian regulator seeks to transform agri sector via FinTech, alternative financing
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Malaysian regulatorThe SC said in a statement on Wednesday that the regulator is encouraging wider adoption of financial technology (fintech) in agriculture in order to help in achieving the country’s food security agenda. Its Chairman Awang Adek Hussin said access to finance is critical to agriculture’s future. This i...
https://technode.global/2023/06/01/maybank-launches-cross-border-qr-payment-service-for-malaysians-travelling-abroad-and-tourists-visiting-malaysia/
Maybank launches cross-border QR payment service for Malaysians travelling abroad and tourists visiting Malaysia
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Malaysian largest lender Similarly, incoming tourists from these countries will also be able to make cashless payments with Maybank QRPay merchants in Malaysia, Maybank said in a statement. According to the statement, the new offering will enable Malaysians visiting the respective countries to enjoy a cheaper, faster a...
https://technode.global/2023/06/01/manis-leting-and-triphie-tops-the-1337-ventures-alpha-startups-pre-accelerator/
Manis Leting and Triphie tops the 1337 Ventures’ Alpha Startups™ Pre-Accelerator
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Malaysian food tech firm Manis Leting and trip planning platform Triphie have topped the 1337 Ventures said in a statement on Wednesday that nine aspiring Malaysian startups showcased their innovative solutions in front of a live audience of investors, industry experts, and fellow entrepreneurs during its Alpha Startup...
https://technode.global/2023/05/30/kaf-carsome-consortium-targets-to-launch-digital-bank-as-early-as-year-end/
KAF-Carsome consortium targets to launch digital bank as early as year-end
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The consortium led by KAF Investment Bank Bhd, which won one of the five Malaysian digital bank licences, plans to launch its digital bank as early as year-end or early next year. The consortium, which also includes Malaysia’s first tech unicorn “Still in progress on getting the live date. I think… it’s optimistic. The...
https://technode.global/2023/05/29/mranti-invites-high-growth-malaysian-startups-for-global-expansion/
MRANTI invites high growth Malaysian startups for global expansion
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The Applications open from today with four cities on the 2023 destination roster including Osaka and Tokyo, Berlin and Bangkok, MRANTI said in a statement. “GMP is designed for companies geared up for the next stage of growth. It will help them navigate tough competition in a crowded market and maximize their market ex...
https://technode.global/2023/05/28/malaysias-tnb-inks-partnerships-with-energy-players-in-vietnam-and-laos-for-renewable-energy/
Malaysia’s TNB inks partnerships with energy players in Vietnam and Laos for renewable energy
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Malaysian electricity utility These collaborations are set to accelerate regional decarbonization efforts and cater to the increasing demand for cleaner, sustainable energy options, TNB said in a statement on Friday. According to the statement, these partnerships aim to enhance TNB’s RE portfolio and fast-track the e...
https://technode.global/2023/05/26/axiata-plans-to-launch-digital-bank-by-year-end-report/
Axiata plans to launch digital bank by year-end – report
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Malaysia-based telco Axiata Group Bhd plans to launch its digital bank by end-2023 and targets to make it profitable over the next three to four years, its Chief Executive Officer and Managing Director Vivek Sood said. Vivek said the initial capital commitment for the digital bank would be around MYR100 million ($21.69...
https://technode.global/2023/05/25/aerodyne-unveils-innovative-solutions-for-advanced-air-mobility-and-uas-istar/
Aerodyne unveils innovative solutions for advanced air mobility and UAS ISTAR
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Aerodyne GroupThese innovative solutions, powered by Aerodyne’s proprietary intelligence platform, DRONOS – Drone Operating System, redefine transportation, logistics, and security operations delivering efficiency, cost reduction, and enhanced safety, Aerodyne said in a statement. ARGENTAVIS, an advanced air mobility s...
https://technode.global/2023/05/23/malaysian-proptech-firm-livein-acquires-property-management-firm-kt-management/
Malaysian PropTech firm LiveIn acquires property management firm KT Management
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Malaysian PropTech firmLiveIn said in a statement that this merger makes LiveIn the market leader in the space and will provide KT Management’s thousands of tenants, LiveIn’s flexible community living solutions and a better online to offline (O2O) experience. This means that after they graduate, they will be able to ha...
https://technode.global/2023/05/23/origin-conference-why-is-southeast-asia-prime-for-the-next-decade/
ORIGIN Conference: Why is Southeast Asia Prime for the Next Decade?
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Editor’s note:“Why is Southeast Asia Prime for the Next Decade?” was a panel that featured Thomas G. Tsao of Gobi Partners, Davide Cali of CrossFund, and Winston Utomo of IDN Media, moderated by Yimie Yong of TechNode Global at the ORIGIN Conference. ​​ The panellists, based in Malaysia, Vietnam and Indonesia respectiv...
https://technode.global/2023/05/22/sc-takes-enforcement-action-against-huobi-global-for-illegally-operating-digital-asset-exchange-in-malaysia/
SC takes enforcement action against Huobi Global for illegally operating digital asset exchange in Malaysia
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Malaysian regulator the Securities Commission Malaysia (SC) has taken action against Accordingly, the SC has issued a public reprimand against Huobi Global Limited, and Leon Li for operating illegally in Malaysia, according to SC statement on Monday. In addition, the SC has ordered Huobi Global Limited to stop its oper...
https://technode.global/2023/05/17/futu-launches-trading-platform-moomoo-in-malaysia/
Futu launches trading platform Moomoo in Malaysia
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Futu Holdings LimitedThrough inclusive finance, Malaysia investors will enjoy lifelong access to a holistic suite of self-help educational resources, free-for-all market data and a supportive global community to unlock more opportunities, Futu said in a statement. Futu Senior Partner and Senior Vice President Robin Xu ...
https://technode.global/2023/05/16/vantage-data-centers-plans-to-invest-3b-to-build-second-data-center-campuses-in-malaysia/
Vantage Data Centers plans to invest $3B to build second data center campuses in Malaysia
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Vantage Data Centers (Vantage)Upon completion, the KUL2 campus will deliver 256MW of IT capacity to meet the growing customer demand for hyperscale data center services, Vantage said in a statement. Located adjacent to Vantage’s existing campus (KUL1) in Cyberjaya, the campus will be sited on nearly 35 acres and will i...
https://technode.global/2023/05/12/malaysias-aerodyne-plans-to-raise-up-to-200m-in-series-c-round-ipo-in-two-to-three-years-time/
BEYOND EXPO 2023: Malaysia’s Aerodyne plans to raise up to $200M in Series C round; IPO in two to three years’ time
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Malaysia-based drone service provider “We are targeting $100 million to $200 million,” its founder and group Chief Executive Officer Kamarul A Muhamed, who is also the founder, told Kamarul, however, did not disclose the timeline for the funding round but added that the funding round will be for expansion and merger an...
https://technode.global/2023/05/12/airasia-superapp-and-foodpanda-join-forces-for-groundbreaking-partnership/
Airasia Superapp and foodpanda join forces for groundbreaking partnership
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The This strategic partnership enables both platforms to leverage on each other’s strengths, whereby airasia Superapp’s ride-hailing service, airasia ride is made available on the foodpanda app, the duo said in a statement. In turn, foodpanda – the largest on-demand food and grocery delivery service in Asia outside Chi...
https://technode.global/2023/05/11/mobilityone-partners-with-wibmo-to-issue-mastercard-prepaid-cards-through-wibmo-hexa/
MobilityOne partners with Wibmo to issue Mastercard prepaid cards through Wibmo Hexa
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WibmoWith this partnership, Wibmo and MobilityOne are all set to foray into the Malaysian prepaid card market and offer various prepaid programs catering to consumer, corporate, government and the health sector, both parties said in a statement on Tuesday. According to the statement, the partnership is to leverage the ...
https://technode.global/2023/05/10/malaysian-government-launches-mystartup-nxt-to-create-sustainable-startup-ecosystem/
Malaysian government launches MYStartup NXT to create sustainable startup ecosystem
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Ministry of Science, Technology and Innovation (MOSTI)This series of micro-conferences is a continuation of the successful roadshow initiative by MYStartup, Cradle said in a statement. Starting with Cyberjaya, MYStartup NXT will be held across the country and proceed with Sarawak, Penang, and finally conclude in Sabah....
https://technode.global/2023/05/10/are-biometrics-truly-the-key-to-securing-malaysias-banking-sector/
Are biometrics truly the key to securing Malaysia’s banking sector?
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The cyber threat landscape is never static. Phishing scams were already a pressing global issue for the banking industry, with Malaysia recording It’s also worth highlighting that authorities around the world are realizing that SMS OTPs — which are susceptible to phishing attacks — are no longer fit for today’s fast-pa...
https://technode.global/2023/05/10/mastercard-launches-new-data-and-services-hub-in-malaysia-to-serve-the-asia-pacific-region/
Mastercard launches new data and services hub in Malaysia to serve the Asia Pacific region
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Global payment firm Mastercard said in a statement that the hub will also nurture a talent pipeline across a range of capabilities focusing on data science, product development and payments consulting. According to the statement, Mastercard’s D&S experts globally work with nearly 4,000 clients in over 120 countries, dr...
https://technode.global/2023/05/09/city-university-of-hong-kong-launches-hk-tech-300-southeast-asia-start-up-competition/
City University of Hong Kong launches HK Tech 300 Southeast Asia Start-up Competition
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City University of Hong KongA large-scale flagship innovation and entrepreneurship programm by City University of Hong Kong, HK Tech 300 was organized with a total commitment of up to HK$600 million ($76.46 million), City University of Hong Kong said in a statement. The HK Tech 300 SEA Competition is being held in part...
https://technode.global/2023/05/08/cimb-introduces-suite-of-ev-financial-solutions-in-malaysia-to-drive-ev-adoption/
CIMB introduces suite of EV financial solutions in Malaysia to drive EV adoption
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Malaysian lenders CIMB said in a statement that the set of EV solutions address the needs of consumers across every aspect of owning an EV, including financing, insurance protection and a range of exclusive privileges. In supporting the shift towards sustainable mobility, it said the solutions make it easier for consum...
https://technode.global/2023/05/08/indonesia-and-malaysia-announce-commercial-launch-of-cross-border-qr-payment-linkage/
Indonesia and Malaysia announce commercial launch of cross-border QR payment linkage
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Bank Indonesia (BI) BNM said in a statement that the commercial launch of this linkage follows from the successful completion of the pilot phase of the linkage announced on January 27, 2022. According to the statement, the commercial launch of this linkage sees the number of participating financial institutions which i...
https://technode.global/2023/05/04/sunway-gentari-and-ev-connection-ink-mou-to-develop-electric-vehicle-charging-infrastructure-across-malaysia/
Sunway, Gentari and EV Connection ink MoU to develop Electric Vehicle charging infrastructure across Malaysia
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Malaysian conglomerate Through this collaboration, Gentari via its wholly owned subsidiary, Gentari Green Mobility Sdn Bhd, will be a co-development partner for EV charging stations at Sunway’s integrated townships and developments throughout Malaysia, the trio said in a statement on Wednesday. This agreement will also...
https://technode.global/2023/05/02/malaysias-homa2u-secures-875000-funding-from-singapore-based-quest-ventures/
Malaysia’s HOMA2U secures $875,000 funding from Singapore-based Quest Ventures
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HOMA Sdn Bhd (HOMA2U)HOMA2U said in a statement that the investment round was led by Quest Ventures Asia Fund II, an early-stage venture capital fund managed by Quest Ventures Pte Ltd, a Singapore-based venture capital firm. This is Quest Ventures Asia Fund II’s second cheque for HOMA2U. The investment round also inclu...
https://technode.global/2023/05/01/bigpay-announces-leadership-transition-as-capital-a-commits-to-sustain-growth-in-fintech-business/
BigPay announces leadership transition as Capital A commits to sustain growth in fintech business
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BigPayZubin was the Malaysia country head for BigPay the past year, and succeeds Salim Dhanani who stepped down in February to pursue a new opportunity outside of BigPay, Capital A said in a statement on last Friday. “Zubin takes the helm of this great company at a time of strong, sustained performance and we are confi...
https://technode.global/2023/04/27/axiatas-fintech-arm-boost-holdings-said-to-be-weighing-funding-round-report/
Axiata’s FinTech arm Boost Holdings said to be weighing funding round – report
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Boost Holdings, a FinTech unit of Axiata Group Bhd is weighing raising $50 million to $100 million in a new funding round,Boost Holdings is said to be working with a financial adviser on the potential fundraising, which may give the start-up a valuation of $700 million, the people reportedly said. The funding round wou...
https://technode.global/2023/04/27/airasia-superapp-average-monthly-active-users-up-12-percent-q-o-q-in-first-quarter/
Airasia SuperApp average monthly active users up 12 percent q-o-q in first quarter
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Airasia SuperApp recorded 12.9 million average monthly active users (MAU) in the first quarter of 2023, up by 12 percent quarter on quarter, its parent firm Capital A said in a statement that the number of airasia SuperApp transactions also reached 5.98 million, up by 99 percent year on year but down by 19 percent quar...
https://technode.global/2023/04/26/malaysian-ai-startup-vox-scores-250k-investment-from-silicon-valley/
Malaysian AI Startup VOX scores $250,000 investment from Silicon Valley
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Malaysian-born artificial intelligence (AI) startup VOX said in a statement that the investment is aimed at covering operational costs of the platform for the first 50,000 users, which enables the team to put all their effort into innovating the user experience and workflows. “To truly revolutionize workflows, we need ...
https://technode.global/2023/04/20/malaysian-central-bank-to-co-host-virtual-aml-cft-hackathon-2023-to-help-crack-down-on-financial-crime/
Malaysia Central Bank to co-host virtual AML/CFT Hackathon 2023 to help crack down on financial crime
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Malaysia’s Central BankBank Negara Malaysia (BNM) Deputy Governor Marzunisham Omar said in a statement on Thursday that global challenges require global solutions. “Financial crime is a global issue, and we all have a role to play in maintaining the integrity of the financial system,“We are pleased to continue our long...
https://technode.global/2023/04/20/breakeven-is-near-for-carsome-says-ceo-eric-cheng/
Breakeven is near for Malaysian unicorn Carsome, says CEO Eric Cheng
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Editor’s note:Malaysia-headquartered used car e-commerce platform “We’ve been seeing consistent growth coming not just from the volume of the transactions but at the same time, the margin potential has also been increasing with the help of retail business and ancillary services,” its Co-Founder and Chief Executive Offi...
https://technode.global/2023/04/19/scaleup-malaysia-announces-cohort-iv-and-investments-in-seven-companies/
ScaleUp Malaysia announces Cohort IV and investments in seven Companies
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ScaleUp MalaysiaIn a statement on Wednesday, ScaleUp Malaysia said the companies selected for Cohort IV are BeeBag, Docspe, Huddle, Petotum, Stayhere, and Kabel who will receive a $100,000 investment each, while the seventh company, Sonicboom, will receive an undisclosed strategic investment. It said that this cohort m...
https://technode.global/2023/04/18/city-energy-partners-gentari-for-hydrogen-import-and-to-connect-cross-border-ev-charging-networks/
City Energy partners Gentari for hydrogen import and cross-border EV charging networks
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Singapore’s gas utility providerThe two parties said in a statement on Tuesday that under the partnership, City Energy and Gentari will leverage each other’s strengths, expertise and resources to pursue opportunities in the import of hydrogen into Singapore. In addition to supporting Singapore’s National Hydrogen Strat...
https://technode.global/2023/04/18/malaysias-mdec-eyes-230m-digital-investments-by-2025/
Malaysia’s MDEC eyes $230M digital investments by 2025
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The Malaysia Digital Economy Corp (MDEC)MDEC said in a statement on Monday that the agency has identified these nine promoted sectors covering digital tourism, digital agriculture, digital cities, digital content, digital finance, digital trade, digital services, digital health, and Islamic digital economy. According t...
https://technode.global/2023/04/18/malaysias-care-concierge-aims-to-set-up-caregivers-academy-and-technology-app-with-funds-from-gdiv/
Malaysia’s Care Concierge aims to set up caregivers academy and technology app with GDIV funds
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Malaysian home care service provider Care Concierge said in a statement on Tuesday that firm aims to realize its vision of providing innovative solutions through technology and design thinking, to emerge as the leading provider of Holistic Senior Care in Malaysia. Thus, it will allocate the funds received from GDIV to ...
https://technode.global/2023/04/18/tokio-marine-finology-kirimman-partner-to-offer-insurance-to-gig-economy-workers-in-malaysia/
Tokio Marine, Finology, KirimMan partner to offer insurance to gig economy workers in Malaysia
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Tokio Marine Insurans (Malaysia) Berhad (Tokio Marine)Finology said in a statement that the new product, which is priced as low as MYR1 ($0.23) per day, offers gig workers affordable protection against accidents while on the job. It covers accidental death or permanent disablement, medical expenses due to accidents, an...
https://technode.global/2023/04/17/touch-n-go-ewallet-users-can-pay-cashless-in-more-singapore-merchants/
Touch ‘n Go eWallet users can pay cashless in more Singapore merchants
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Touch ‘n GoTouch ‘n Go said in a statement on last Friday that since 2022, Touch ‘n Go eWallet users have been able to make payments for products and services at any Alipay+ merchants across Singapore. With the recently announced enablement via the DuitNow -NETS cross border partnership, Touch ‘n Go eWallet users can n...
https://technode.global/2023/04/17/indias-betterplace-acquires-malaysian-flexi-talent-solutions-platform-troope/
India’s BetterPlace acquires Malaysian flexi-talent solutions platform TROOPERS
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BetterPlaceBetterPlace said in a statement that its acquisition of TROOPERS will accelerate its presence in the region and establish a stronger foothold in Southeast Asia. It said the acquisition will integrate TROOPERS’ automated gig matching and rostering features into BetterPlace’s comprehensive SaaS platform. Accor...
https://technode.global/2023/04/17/malaysia-plans-to-set-up-second-5g-network-from-next-year-report/
Malaysia plans to set up second 5G network from next year — report
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Malaysia plans to introduce a second 5G network from next year, Malaysia’s 5G roll-out by state agency Digital Nasional Bhd (DNB) has seen repeated delays since its launch in December 2021 because of industry concerns over pricing and transparency, as well as worries that a single government-run network would result in...
https://technode.global/2023/04/14/funding-societies-partners-cgc-to-launch-sme-portfolio-guarantee-to-improve-malaysian-sme-digital-financing-access/
Funding Societies partners CGC to launch SME Portfolio Guarantee to improve Malaysian SMEs digital financing access
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Funding SocietiesBoth parties said in a statement on Friday that through the partnership, Funding Societies and CGC are extending the first tranche of financing up to MYR10 million ($2.27 million) under the SME Portfolio Guarantee Scheme via Funding Societies’ leading digital financing solutions to benefit the underser...
https://technode.global/2023/04/14/analyst-sees-malaysia-emerging-as-data-center-in-asia/
Analyst sees Malaysia emerging as data center in Asia
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Analyst said Thursday it sees Malaysia as an emerging data center hub in Asia, with supportive pro-business policies to attract and retain data center investors. RHB Investment Bank Bhd said in a report that the unity government under Prime Minister Anwar Ibrahim is committed to further accelerating digital adoption in...
https://technode.global/2023/04/13/lotus-cars-aims-to-re-establish-brand-in-malaysia-report/
Lotus Cars aims to re-establish brand in Malaysia – report
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Lotus Cars Malaysia, the sole local franchise holder for UK-headquartered General manager Tengku Ezan Ley Tengku Mahaleel said Lotus’ new journey in Malaysia will be complemented by the Lotus Emira and the all-new fully electric Lotus Eletre which was launched on Thursday (Apr 13) in the Malaysian market and for the fi...
https://technode.global/2023/04/11/the-k-startup-grand-challenge-2023-opens-its-doors-to-malaysia/
The K-Startup Grand Challenge 2023 opens its doors to Malaysia
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The Returning for its 8th year, the program aims at bringing international startups, with a focus on Southeast Asia (SEA) and Australia and New Zealand (ANZ) startups, KSGC said in a statement on Tuesday. Applications open on April 10 and close on May 18 for startups keen on the opportunity to work and build a strong f...
https://technode.global/2023/04/11/citaglobal-partners-genetec-technology-to-launch-battery-energy-storage-system-for-renewable-energy-in-malaysia/
Citaglobal partners Genetec Technology to launch battery energy storage system for renewable energy in Malaysia
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Citaglobal Genetec BESS Sdn Bhd (Citaglobal Genetec BESS), a special vehicle formed by The launch showcased the fully operational 1MW BESS prototype (MYBESS) that was successfully developed and piloted in December 2022, and currently supports the Genetec EPIC plant’s energy needs, the duo said in a statement on Tuesday...
https://technode.global/2023/04/11/jland-group-partners-gentari-to-explore-renewable-energy-solutions-and-accelerate-green-mobility-ecosystem-growth-in-malaysia/
JLand Group partners Gentari to explore renewable energy solutions and green mobility ecosystem in Malaysia
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Malaysian property developer JLG said in a statement on Tuesday that this strategic partnership aims to develop an eco-friendly ecosystem across JLG’s residential, commercial, and industrial projects. Pursuant to the signing of this MoU, JLG and Gentari will undertake feasibility studies on the integration of Gentari’s...
https://technode.global/2023/04/11/axiatas-boost-to-leverage-ecosystem-as-it-prepares-to-launch-its-digital-bank-heres-how-and-why-qa/
Axiata’s Boost to leverage ecosystem as it prepares to launch its digital bank. Here’s how and why. [Q&A]
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Malaysia central bank announced in April last year the five successful applicants for the digital bank licenses as approved by the Minister of Finance Malaysia. The country will have three digital banks licensed under the Financial Services Act 2013 (FSA) and two Islamic digital banks licensed under Islamic Financial S...
https://technode.global/2023/04/10/malaysias-doc2us-launches-new-home-based-healthcare-services-doc2home/
Malaysia’s DOC2US launches new home-based healthcare services DOC2HOME
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DOC2USDOC2US said in a statement that DOC2HOME is a hybrid digital health app that attends to patients’ healthcare needs directly from their homes without the hassle of travelling. Apart from providing medical services right to the doorstep, its flagship Health Concierge service, are trained to provide triage under the...
https://technode.global/2023/04/10/malaysias-pnb-partners-gentari-to-deploy-59-ev-charges/
Malaysia’s PNB partners Gentari to deploy 59 EV charges
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Malaysia’s largest fund manager The chargers consist of two units of 11kW and 22kW alternating current (AC) chargers, and one unit of 60kW direct current (DC) fast charger, equipped with two charging points, both parties said in a statement. According to the statement, the chargers are the first for PNB Group and the f...
https://technode.global/2023/04/10/malaysias-mranti-stepping-up-pace-to-accelerate-5g-enterprise-innovation/
Malaysia’s MRANTI stepping up pace to accelerate 5G enterprise innovation
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In driving enterprise 5G adoption forward, theCited a recent report by GSMA Intelligence, MRANTI said in a statement that Malaysia currently has a 1 percent adoption rate of 5G despite achieving close to 50 percent 5G population coverage. It said that industry pundits have alluded that a key indicator for the success o...
https://technode.global/2023/04/06/malaysias-soft-space-raises-31-5m-series-b1-funding-led-by-southern-capital-group/
Malaysia’s Soft Space raises $31.5M Series B1 funding led by Southern Capital Group
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Soft Space Sdn. Bhd. Southern Capital Group (SCG) Pte. Ltd, led the funding round, with participation from returning investor transcosmos Inc. , strategic investor JCB (previously announced), and venture capital fund Hibiscus Fund, jointly managed by RHL Ventures and South Korea’s KB Investment, Soft Space said in a st...
https://technode.global/2023/04/05/malaysia-china-explore-blockchain-technology-for-pco-to-facilitate-malaysias-exports-to-china/
Malaysia, China explore blockchain technology for PCO to facilitate Malaysia’s exports to China
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Malaysia and China are exploring blockchain technology for preferential certificate of origin (PCO) to better facilitate Malaysia’s exports to China. The Ministry of International Trade and Industry (Miti) in Malaysia said in a statement on Tuesday that the move is to support mutual recognition of digital certificates ...
https://technode.global/2023/04/05/malaysian-healthtech-startup-qmed-asia-raises-1-16m-in-equity-crowdfunding-for-regional-expansion/
Malaysian healthtech startup Qmed Asia raises $1.16M in equity crowdfunding for regional expansion
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Malaysian health-tech startup Leet Capital said in a statement on Wednesday that Qmed Asia has attracted support from 110 investors, including angel investors, the Malaysia Co-Investment Fund (MyCIF) and 1337 Ventures. “Our mission has always been to redefine healthcare by equipping healthcare providers with innovative...
https://technode.global/2023/04/05/funding-societies-partners-food-market-hub-supply-bunny-to-launch-financing-program-for-fb-industry-in-malaysia/
Funding Societies partners Food Market Hub, Supply Bunny to launch financing program for F&B in Malaysia
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Funding SocietiesThe three parties said in a statement on Wednesday that the program is the first of its kind in the F&B industry, for restaurants and F&B outlet operators in Malaysia. Powered by Funding Societies, the embedded financing in this tripartite partnership allows for seamless integration into Food Market Hu...
https://technode.global/2023/04/04/malaysias-proton-plans-for-comprehensive-new-energy-vehicle-solutions/
Malaysia’s Proton plans for comprehensive new energy vehicle solutions
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Malaysian national car maker Proton said in a statement the company’s move into the NEV segment continued to gain momentum following the visit. The visit to Ningbo comes a day after the Malaysia – China Business Forum was held in Beijing for business leaders from both nations and was attended by Malaysian Prime Ministe...
https://technode.global/2023/04/04/kairous-capital-to-establish-malaysia-china-digital-cooperation-council-226m-fund-to-invest-in-tech-sectors-in-china-malaysia/
Kairous Capital to establish Malaysia-China Digital Cooperation Council & development fund to invest in tech sector in both countries
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Malaysia-headquartered venture capital firm “MCDCC’s key objective is to facilitate long-term cross-border collaboration between Malaysian and Chinese companies in the areas of technology and innovation,” Kairous Capital said in a Linkedin post on Monday. In conjunction with this, MCDCC also announced the establishment...
https://technode.global/2023/04/03/ericsson-to-collaborate-with-intel-on-advancing-usage-and-adoption-of-5g-in-malaysia/
Ericsson to collaborate with Intel on advancing usage and adoption of 5G in Malaysia
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Swedish telecommunications company Ericsson said in a statement on Monday that the firm and Intel will collaborate on their respective technology expertise to show how communications service providers (CSPs) can accelerate 5G adoption and expand their business-to-business (B2B) engagements based on 5G use-cases. Amongs...
https://technode.global/2023/04/03/malaysia-secures-38-4b-worth-of-investment-commitments-from-china-pm-anwar-says/
Malaysia secures $38.4B worth of investment commitments from China, PM Anwar says
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Malaysia has secured a record MYR170 billion ($38.4 billon) worth of investment commitments from China, according to Prime Minister Anwar Ibrahim. The amount, the biggest so far from China, is from a total of 19 memoranda of understanding (MOU) sealed between businesses in China and Malaysia, national news agency “We h...
https://technode.global/2023/04/03/malaysias-drb-hicom-partners-chinas-geely-to-develop-automotive-high-tech-valley-in-malaysia/
Malaysia’s DRB-Hicom partners China’s Geely to develop Automotive High-Tech Valley in Malaysia
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Malaysian automotive manufacturer and distributor DRB-Hicom said in a statement on last Saturday that AHTV will be Malaysia’s next generation vehicle hub in Tanjong Malim covering extensive automotive and mobility solutions value chain, from a fully-fledged high technology global research and development centre to a ma...
https://technode.global/2023/04/03/malaysias-mn-holdings-partners-chinas-dc-science-to-set-up-high-performance-data-center-in-malaysia/
Malaysia’s MN Holdings partners China’s DC-Science to set up high performance data center in Malaysia
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Malaysian underground utilities and substation engineering specialist MN Holdings said in a statement on Monday that the project, has an overall estimated value of over $600 million. MN Holdings’ wholly-owned subsidiary Mutu Nusantara Sdn Bhd and DC-Science inked a memorandum of understanding (MOU) for the data center ...
https://technode.global/2023/03/31/malaysia-singapore-announces-cross-border-qr-code-payment-linkage/
Malaysia, Singapore announces cross-border QR code payment linkage
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Bank Negara Malaysia (BNM)“It will support in-person payments through the scanning of physical QR codes displayed by merchants, and online cross-border e-commerce transactions,” the central bank added. The DuitNow-NETS QR code payment linkage is a key milestone in the on-going collaboration between Malaysia and Singapo...
https://technode.global/2023/03/29/gobi-partners-onboards-care-concierge-to-the-khazanah-backed-gobi-dana-impak-ventures-fund/
Gobi Partners onboards Care Concierge to the Khazanah-backed Gobi Dana Impak Ventures fund
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Gobi PartnersGDIV is a part of the Future Malaysia Program, an initiative announced on 16 March 2023 under Malaysian sovereign wealth fund, Khazanah Nasional Berhad (Khazanah)’s Dana Impak mandate that aims to support the local start-up ecosystem of entrepreneurs, start-ups, venture capital, and corporate venture progr...
https://technode.global/2023/03/27/advisonomics-partners-kakitangan-to-provide-financial-planning-app-in-malaysia/
Advisonomics partners Kakitangan.com to provide financial planning app in Malaysia
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Malaysia-based financial planning firm Advisonomics has joined hands with cloud payroll and human resource software provider The two parties said in a statement that they have integrated their respective platforms to provide Kakitangan. com users an access to the financial planning app. According to the statement, this...
https://technode.global/2023/03/23/malaysias-blueshark-launches-initiative-to-accelerate-the-adoption-and-development-of-electric-motorcycles/
Malaysia’s Blueshark launches initiative to accelerate electric motorcycles adoption and development
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Malaysia-based electric vehicle (EV) tech mobility company The new program was launched at an open day hosted by Malaysian Green Technology and Climate Change Corporation (MGTC). MGTC said in a statement that Malaysia has approximately 7.8 million active motorcycles, making it the most popular and affordable motorised ...
https://technode.global/2023/03/23/malaysia-to-launch-initiative-to-put-innovation-into-mainstream-of-economy-report/
Malaysia to launch initiative to put innovation into mainstream of digital economy – report
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An initiative to put innovation into the mainstream of the digital economy among the people will be launched soon, said Malaysia’s Economy Minister Mohd Rafizi Ramli. Without disclosing details, he said on Wednesday the initiative had been carried out with the cooperation between his ministry and the Ministry of Scienc...
https://technode.global/2023/03/22/capital-markets-malaysia-launches-corporate-venture-capital-program-to-advance-local-ecosystem/
Capital Markets Malaysia launches Corporate Venture Capital Program to advance local ecosystem
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Capital Markets Malaysia (CMM)Concurrently, this approach of spurring corporate interest and investments in start-ups or micro and small-to-medium enterprises (MSMEs) aims to build confidence in corporate venturing as a potential enabling or innovation strategy to catalyse growth, CMM said in a statement. According to ...
https://technode.global/2023/03/21/malaysias-khazanah-anticipates-another-challenging-year-ahead/
Malaysia’s Khazanah anticipates another challenging year ahead
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Malaysian sovereign fund Khazanah said in a statement that the fund will continue to remain vigilant in its investing activities with the aim of maintaining portfolio resilience through diversification. Despite the uncertainties, Khazanah said it remains optimistic in identifying investment opportunities within emergin...
https://technode.global/2023/03/17/petronas-plans-to-expand-corporate-venture-capital-arm-with-up-to-200m-report/
Petronas plans to expand corporate venture capital arm with up to $200M – report
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Malaysia’s national oil company,Petronas will focus on making innovation and technology investments across Asia-Pacific, the sources reportedly said. The extra funding could change as the plan is still being finalized, one of the sources added. The oil company said in a response toMalaysia’s government has been wanting...
https://technode.global/2023/03/16/khazanah-launches-future-malaysia-program-to-spur-the-local-start-up-ecosystem/
Khazanah launches Future Malaysia Program to spur the local start-up ecosystem
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Malaysia’s sovereign fund Khazanah said in a statement that the initiative is under under its Dana Impak mandate, which is a MYR6 billion ($1.33 billion ) commitment over five years. According to the statement, Dana Impak is a key pillar under Khazanah’s Advancing Malaysia strategy, seeking to invest across six themes ...
https://technode.global/2023/03/16/rhb-xcelerator-program-announces-11-finalists/
RHB Xcelerator program announces 11 finalists
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The 1337 Ventures said in a statement on Thursday, the RHB Xcelerator program aimed at nurturing tech and startup ecosystems while driving digital adoption in the Malaysian financial scene. From sustainability and data intelligence to inheritance planning, it said the top finalists are solving some of the biggest probl...
https://technode.global/2023/03/15/maybank-introduces-financing-solution-for-electric-vehicle/
Malaysia’s largest lender Maybank introduces financing solution for electric vehicle
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MaybankThe bank said in a statement on Tuesday the financing solution covers various aspects of owning an EV or hybrid vehicle including holistic financing solutions, insurance and takaful coverage as well as EV charging privileges. It said the move is in line with the group’s aspiration to become the sustainability le...
https://technode.global/2023/03/15/ihh-healthcare-invests-in-digital-mental-health-company-intellect/
IHH Healthcare invests in digital mental health company Intellect
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IHH HealthcareIHH said in a statement the move is to further expand its continuum of care for patients, corporate clients and employees and catalyse a healthier society for all. The investment will accelerate Intellect’s growth across the region. Since it was founded in 2019, Intellect has grown exponentially in recent...
https://technode.global/2023/03/14/futurise-teams-up-with-caam-to-advance-malaysian-urban-air-mobility/
Futurise teams up with CAAM to advance Malaysian urban air mobility
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Futurise Sdn Bhd (Futurise)Announced during the RegTalk series under the theme “Advanced Air Mobility (AAM) & Certified UAS Regulatory Challenges”, the certification and regulatory sandbox hopes to balance public safety with industry needs, both parties said in a statement. The initiatives are also aimed at facilitatin...
https://technode.global/2023/03/13/richard-lis-fwd-filing-hk-ipo-application-again-report/
Richard Li’s FWD filing HK IPO application again – report
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FWD Group Holdings LtdThe company resubmitted listing documents with updated financial data Monday, confirming an earlier According to the report, the IPO, whose proceeds will be used to fuel the firm’s growth, could come as soon as in the second quarter depending on market conditions. FWD was initially looking to go p...
https://technode.global/2023/03/13/beyond-expo-back-in-macao-for-2023-to-see-technology-redefined-in-one-of-asias-biggest-tech-events/
BEYOND Expo Back in Macao for 2023 to See “Technology Redefined” in one of Asia’s Biggest Tech Events
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MACAO, March 13, 2023BEYOND Expo 2023 will focus on three key areas: BEYOND Sustainability, BEYOND Healthcare, and BEYOND ConsumerTech, facilitating the exchange of ideas to promote comprehensive industrial modernization, development, and transformation through global technological innovation. BEYOND SustainabilityBEYO...
https://technode.global/2023/03/10/visa-partners-ghl-to-offer-consumers-instalment-options-for-in-store-purchases-in-malaysia/
Visa partners GHL to offer consumers instalment options for in-store purchases in Malaysia
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Global digital payments firm Visa said in a statement that its instalment payment solution turns already approved issuer credit lines into buy-now-pay-later payment options at checkout for Visa cardholders. Visa cardholders can now conveniently pay for their purchases in equal monthly payments at more than 3,000 partic...
https://technode.global/2023/03/08/malaysia-introduces-initiatives-to-ensure-local-startups-will-have-access-to-later-stage-financing/
Malaysia introduces initiatives to ensure local startups will have access to later stage financing
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Malaysia has introduced several initiatives to ensure its homegrown startups will have access to later stage financing in the country so they do not need to seek listing abroad, said Prime Minister Anwar Ibrahim. “I had the opportunity of meeting various successful homegrown startups such as [used car platform]Towards ...
https://technode.global/2023/03/08/catcha-digital-completes-acquisition-of-imedia/
Catcha Digital completes acquisition of iMedia
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Catcha Digital Berhad (Catcha Digital)This acquisition was preceded by the appointments of a new Group Chief Executive Officer on January 2, 2023 and a new Chairman on March 1, 2023, Catcha Digital said in a statement. According to the statement, Catcha Digital now owns fast-growing integrated digital media solutions p...
https://technode.global/2023/03/08/capital-a-signals-growth-plans-with-leadership-transition-in-its-digital-portfolio/
Capital A signals growth plans with leadership transition in its digital portfolio
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Capital AIn a statement on Tuesday, Capital A also announced that its Head of Investments John Cheing has been appointed as the Chief Financial Officer for airasia Digital and airasia Super App effective 1 March. According to the statement, these leadership transitions are in line with the company’s growth plans to sca...
https://technode.global/2023/03/03/jaya-grocer-launches-membership-integrated-with-grab/
Jaya Grocer launches membership program integrated with Grab
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Malaysian premium supermarket chain The membership, which is accessible right on the Grab app, aims to enhance consumers’ overall shopping experience by allowing them to conveniently earn and redeem GrabRewards points at all Jaya Grocer outlets nationwide, Jaya Grocer said in a statement on Friday. Elaborating on the n...
https://technode.global/2023/03/02/gobi-partners-and-mavcap-works-with-paywatch-to-address-demand-for-earned-wage-access/
Gobi Partners and MAVCAP works with Paywatch to address demand for earned wage access
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Gobi Partners, an interconnected Pan-Asian venture capital (VC) firm, has invested in Malaysia Venture Capital Management Berhad (MAVCAP), one of the backers of Superseed II Fund, is also working with Paywatch to support its mission of providing fair financial access for all workers in Malaysia, Paywatch said in a stat...
https://technode.global/2023/03/02/aws-to-launch-infrastructure-region-in-malaysia-plans-to-invest-6-billion-by-2037/
AWS to launch infrastructure region in Malaysia; plans to invest $6 billion by 2037
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Amazon Web Services (AWS), an Amazon. com, Inc. company, has on Wednesday announced plans to launch an AWS infrastructure Region in Malaysia. AWS said in a statement that the new AWS Region will give developers, startups, entrepreneurs, and enterprises, as well as government, education, and nonprofit organizations, gre...
https://technode.global/2023/03/01/malaysias-durioo-raises-2-85m-in-seed-round-led-by-y-combinator-and-gobi-partners/
Malaysia’s Durioo+ raises $2.85M in seed round led by Y Combinator and Gobi Partners
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Malaysian Islamic-themed streaming service Among the investors are Y Combinator, Uncommon Capital, Gobi Partners, Lynett Capital, New Venture Order (NVO), and Innate Capital, Durioo+ said in a Wednesday. Angel investors consisting of unicorn founders and employees of well-known companies from all over the world, such a...
https://technode.global/2023/03/01/top-five-winners-announced-in-mystartup-pre-accelerator-programme-cohort-2/
Top five winners announced in MYStartup Pre-Accelerator Program Cohort 2
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Top five winners have been announced in The five winners are Acxyn, Boom Rocks, Certiify, IHX and Ulalive, MYStartup said in a statement on Tuesday. MYStartup Strategy is a national initiative by the Ministry of Science, Technology and Innovation (MOSTI) and powered by Cradle Fund Sdn Bhd. (Cradle). Having validated MY...
https://technode.global/2023/03/01/miti-approves-teslas-application-to-import-battery-electric-vehicles-into-malaysia/
Malaysia government approves Tesla’s application to import BEVs into the country
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The Ministry of International Trade & Industry (MITI) In realising this objective, Tesla will establish a head office in Malaysia, introduce Tesla Experience Centres and Tesla Service Centres, and establish its Supercharger network, MITI said in a statement. According to the statement, TESLA’s presence in Malaysia is e...
https://technode.global/2023/03/01/malaysias-krenovator-introduces-ai-coding-assistant-to-accelerate-coding-learning-for-tech-talents/
Malaysia’s Krenovator introduces AI Coding Assistant to accelerate coding learning for tech talents
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Malaysia-based artificial intelligence (AI) tech talent and placement platform Krenovator Technology said in a statement that the new tool provides users with real-time feedback and suggestions, helping them to improve their coding skills efficiently and effectively. It said it also allows users to create new software ...
https://technode.global/2023/03/01/grabfood-introduces-saver-delivery-lowest-delivery-fee-from-the-widest-range-of-restaurants/
GrabFood Malaysia introduces Saver Delivery – lowest delivery fee from the widest range of restaurants
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GrabFood MalaysiaThis includes expanding the Saver Delivery option to additional cities nationwide beginning today, providing a lower delivery fee option for consumers across the country, Grab said in a statement on Tuesday. “In this current climate, we believe it’s vital to continuously enhance our service, making it ...
https://technode.global/2023/02/28/mranti-dnb-ericsson-extend-mou-to-boost-technology-clusters-in-mranti-park/
MRANTI, DNB, Ericsson extend MOU to boost technology clusters in MRANTI Park
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The ​​In 2022, the MoU was signed with the initial goal of preparing MRANTI Park for 5G technology and raising awareness of it in the local community. The renewed MoU will prioritise promoting awareness and adoption of 5G among businesses in Malaysia, with the objective of expediting the implementation of the 5G-enable...
https://technode.global/2023/02/27/malaysias-aerodyne-makes-strategic-investment-in-aiviewgroup-in-italy/
Malaysia’s Aerodyne makes strategic investment in Aiviewgroup in Italy
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Aerodyne GroupBy joining forces, Aiviewgroup and Aerodyne can harness synergies from both their respective areas of expertise and technologies, and bring it to a wider global audience, both parties said in a statement. According to the statement, the Italian commercial drone software and services market alone is projec...
https://technode.global/2023/02/23/malaysia-government-in-talks-with-proton-perodua-to-expedite-production-of-national-evs-report/
Malaysia government in talks with Proton, Perodua to expedite production of national EVs – report
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The International Trade and Industry Ministry (Miti) of Malaysia is discussing with local carmakers Proton and Perusahaan Otomobil Kedua Sdn Bhd (Perodua) on expediting the production of national electric vehicles (EVs) and introduction of affordable EVs, said its minister Tengku Zafrul Tengku Abdul Aziz. The approved ...
https://technode.global/2023/02/23/100-soonicorns-selects-24-founders-for-its-first-2-cohort/
100 Soonicorns selects 24 Founders for its first 2 cohort
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ScaleUp Accelerator Sdn Bhd (ScaleUp Malaysia)Coined from the phrase “soon-to-be unicorns”, Soonicorns are startups with the growth potential to become Unicorns, ScaleUp Malaysia said in a statement on Thursday. The selected Founders are all Chief Executive Officers or C-Level Founders. To participate, invited startups...
https://technode.global/2023/02/22/bintang-capital-invests-in-malaysian-marketing-technolgy-firm-involve-asia/
Malaysia’s Involve Asia raises over $10M in funding round led by Bintang Capital Partners
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Malaysia-based affiliate marketing platform Involve Asia said in a statement that they are joined by returning globally renowned investors, 500 Global, Orbit Capital Malaysia, and Monumental Productions. As part of Involve’s plans to scale even more rapidly, part of its fundraise will be used to invest in companies tha...
https://technode.global/2023/02/21/fitch-solutions-sees-malaysias-ev-sales-to-reach-1-of-total-vehicle-sales-by-2024/
Fitch Solutions sees Malaysia’s EV sales to reach 1 percent of total vehicle sales by 2024
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Fitch Solutions has on Monday anticipated that passenger electric vehicle (EV) sales in Malaysia will expand in 2023, albeit from a low base, as a result of the implementation of incentives to encourage adoption. The research house said in a report that according to its projections, sales of passenger EVs will rise by ...
https://technode.global/2023/02/21/princeton-digital-to-invest-1b-for-data-center-campus-in-malaysia-and-indonesia/
Princeton Digital to invest $1B for data center campus in Malaysia and Indonesia
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Princeton Digital Group (PDG)The firm said in a statement on Monday that it has unveiled its SG+ strategy with the announcement of a 96 MW data center campus in Batam. It said PDG’s SG+ strategy will enable customers to seamlessly expand their infrastructure from Singapore to highly scalable data center campuses in Sin...
https://technode.global/2023/02/20/malaysia-almost-doubles-its-drone-readiness-within-one-year/
Malaysia almost doubles its drone readiness within one year
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Malaysia’s drone industry is flying high after ranking 21st in the Drone Readiness Index (DRI), up from 30th spot last year. Malaysian Research Accelerator for Technology and Innovation (MRANTI)The country’s core readiness for drones improved by 29 percentage points in the DRI, as it hit 60 percent – up from 31 percent...
https://technode.global/2023/02/20/malaysian-government-drafting-strategic-framework-to-develop-ev-charging-infrastructure-report/
Malaysian Government drafting strategic framework to develop EV charging infrastructure – report
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Malaysian Green Technology and Climate Change Corporation (MGTC) is currently developing a strategic framework for the development and planning of Electric Vehicle (EV) infrastructure across Malaysia, said Deputy International Trade and Industry Minister Liew Chin Tong. He said the government is also examining the exis...
https://technode.global/2023/02/17/wellous-dhl-establish-a-sustainability-partnership-to-combat-climate-change/
Wellous, DHL establish a sustainability partnership to combat climate change
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Wellous Group LimitedWellous said in a statement that this partnership supports Wellous’ sustainability goal to reduce the carbon emissions of its international shipments by 10 percent year-on-year. “Sustainability is the foundation of everything we do today to improve the well-being of our people, our communities and ...
https://technode.global/2023/02/17/malaysias-sunview-partners-huawei-for-renewable-energy/
Malaysia’s Sunview partners Huawei for renewable energy
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Sunview Group BerhadSunview said in a statement that its wholly owned subsidiary, Fabulous Sunview Sdn. Bhd. has inked a Memorandum of Understanding (MoU) for a period of 12 months with Huawei Malaysia. The objective of the MoU is to collaborate in the field of renewable energy such as introduction of electric vehicle ...
https://technode.global/2023/02/15/malaysias-solarvest-launches-start-up-program-to-encourage-innovations-in-greentech-fintech-and-renewable-energy/
Malaysia’s Solarvest launches start-up program to encourage innovations in greentech, FinTech and renewable energy
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Malaysian clean energy expert Solarvest said in a statement that the programme is a continuance and revitalization to the start-up programme that the group initiated back in October 2021 (SIL 2021). Solarvest Innovation Lab was founded to spur innovation and entrepreneurship developments in Malaysia with a key focus on...
https://technode.global/2023/02/14/zetrix-partners-um-and-caict-for-cross-border-blockchain-implementation-research/
Zetrix partners UM and CAICT for cross-border blockchain implementation research
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Malaysia’s Blockchain Infrastructure UM and CAICT’s project entitled “Research on Key Issues of China-Malaysia Transborder Blockchain Infrastructure and Pilot Applications” was selected as part of the intergovernmental collaboration between Malaysia and the People’s Republic of China in the field of Science, Technology...
https://technode.global/2023/02/08/malaysias-capital-a-introduces-new-ai-powered-ask-bo-chatbot/
Malaysia’s Capital A introduces new AI-powered ‘Ask Bo’ chatbot
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Capital A BerhadThe company said in a statement that it has bidded farewell to AirAsia Virtual Allstar AVA, who has been the first port of call for guests’ queries and complaints since her onboarding in 2019, and to welcome ‘Ask Bo’ which has enhanced artificial intelligence (AI) and machine learning (ML) capabilities....
https://technode.global/2023/02/03/grab-appoints-adelene-foo-as-managing-director-of-grab-malaysia/
Grab appoints Adelene Foo as Managing Director of Grab Malaysia
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GrabGrab said in a statement that in her role, Foo will oversee the business strategy and operations of Grab’s businesses in Malaysia. A ten-year veteran at Grab, she was previously the Country Head in Malaysia between 2012-2014 before moving on to regional roles, most recently the Regional Head of Merchants & Regional...