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https://technode.global/2022/08/05/airasia-super-app-offers-gig-riders-in-malaysia-full-time-employment/ | Airasia Super App offers gig riders in Malaysia full-time employment | 51 | AirasiaAll airasia food and airasia xpress riders will be employed as full-time employees, effective immediately, enjoying a full suite of Allstar benefits which include employees provident fund (EPF), SOCSO, medical coverage that covers their spouses and children as well, annual leaves, and travel benefits such as Air... |
https://technode.global/2022/08/03/catcha-investment-corp-2-0-withdraws-250-million-ipo/ | Catcha Investment Corp 2.0 withdraws $250M IPO | 51 | Catcha Investment Corp 2.0, the second blank check company formed by Southeast Asian internet group Catcha Group, has withdrawn its plans for an initial public offering (IPO) in the United States. Catcha Investment Corp 2.0 is incorporated in the state of Cayman Islands. Catcha Investment Corp 2.0 is primarily in the b... |
https://technode.global/2022/08/02/kpmg-hsbc-report-spots-10-potential-unicorns-in-malaysia-heres-a-closer-look/ | KPMG-HSBC report spots 10 potential unicorns in Malaysia: here’s a closer look | 51 | A recent report published by audit and advisory firm KPMG and banking group HSBC has featuredThe Emerging Giants in Asia PacificThese potential unicorns, dubbed “Emerging Giants”, include Boost Holdings, Exabytes, Jirnexu, among others. “Malaysia has developed a good understanding of technology and how innovation works... |
https://technode.global/2022/08/01/malaysias-bank-islam-chooses-aws-as-preferred-cloud-provider-to-power-digital-transformation/ | Malaysia’s Bank Islam chooses AWS as preferred cloud provider to power digital transformation | 51 | Amazon Web Services (AWS)The bank is using the breadth and depth of AWS’s cloud capabilities, including containers, networking, and content delivery, to build the Be U digital bank to help customers better manage their finances, AWS said in a statement. According to the statement, Bank Islam is building Be U through i... |
https://technode.global/2022/07/28/malaysias-airasia-partners-uks-skyports-to-explore-air-taxi-in-malaysia/ | Malaysia’s AirAsia, UK’s Skyports seal partnership to explore air taxi in Malaysia | 51 | Skyports InfrastructureThe partnership between AAM industry expert Skyports, and AirAsia, a traditional airline operator, is an important next step in establishing a fully operational vertiport network in the country, AirAsia said in a statement. As the industry matures, partnerships between traditional aviation player... |
https://technode.global/2022/07/27/malaysias-meradue-services-partners-with-mdv-to-facilitate-global-growth-and-expansion/ | Malaysia’s Meradue Services partners with MDV to facilitate global growth and expansion | 51 | Meraque Services Sdn Bhd (Meraque)Meraque said in a statement that the move is to facilitate the growth of Meraque’s operations and expansion in Malaysia and the ASEAN region, with a key focus on the agriculture, plantation, infrastructure and telecommunication sector, through MDV’s specialised financing facility. Mera... |
https://technode.global/2022/07/26/alpha-startups-digital-accelerator-seeks-next-gen-early-stage-startups-in-malaysia/ | Alpha Startups™ Digital Accelerator Seeks Next-Gen Early-Stage Startups in Malaysia | 51 | New startup ideas and business models are key engines of economic growth. They not only create new jobs but also foster competitiveness and innovation, which is why the Malaysian government’s MyDIGITAL initiative is looking to attract two unicorns and launch 5,000 startups in the next five years. In line with this init... |
https://technode.global/2022/07/26/airasia-super-app-achieves-record-high-growth-in-average-monthly-active-users/ | Airasia Super App achieves record high growth in average monthly active users | 51 | Capital A BerhadCapital A said in a statement on Monday the growth is primarily underpinned by the strong return of travel and increased user acquisition on the mobile app. Additionally, the number of transactions increased 70 percent for quarter on quarter comparison and climbed five times as compared to the second qu... |
https://technode.global/2022/07/25/malaysias-exabytes-partners-with-chinas-huawei-cloud-to-provide-cloud-first-smart-solutions/ | Malaysia’s Exabytes partners with China’s Huawei Cloud to provide cloud-first smart solutions | 51 | Malaysia-based all-in-one business cloud, digital, and e-commerce solutions provider Exabytes said in a statement the strategic partnership aims to be the enabler for innovation driving the cloud-first digital transformation journey for businesses in Malaysia and beyond. As part of its goal to accelerate the growth of ... |
https://technode.global/2022/07/25/malaysias-tng-ewallet-raises-168m-funding-led-by-lazada/ | Malaysia’s TNG eWallet raises $168M funding led by Lazada | 51 | Touch ‘n Go GroupThis funding round was led by a new investment in TNG Digital by Lazada Group and a follow-on investment by TNG Digital’s current shareholder and parent company Touch ‘n Go Sdn. Bhd, Touch ‘n Go Group said in a statement. This round of funding brings the total amount raised by TNG Digital over the last... |
https://technode.global/2022/07/21/samsung-sdi-invests-1-3b-in-cylindrical-battery-lines-in-malaysia/ | Samsung SDI invests $1.3B in cylindrical battery lines in Malaysia | 52 | Samsung SDISamsung SDI said in a statement that it held a ceremony to mark groundbreaking of a second battery production facility equipped with state-of-art and innovative lines in Seremban, Malaysia on July 21. With a total of 1.7 trillion won investment phase-by-phase until completion in 2025, Plant 2 at Samsung SDI... |
https://technode.global/2022/07/20/carsome-expands-malaysia-based-regional-headquarters/ | Carsome expands Malaysia-based regional headquarters | 52 | Southeast Asia’s largest integrated car e-commerce platform The expanded headquarters occupies a total of 41,860 square feet of space, spread across four stories at KYM Tower in Mutiara Damansara to house over 560 employees, Carsome said in a statement. Carsome Co-Founder and Carsome Academy Chief Executive Officer Teo... |
https://technode.global/2022/07/20/malaysian-pm-proposes-national-utility-firm-tenaga-national-car-maker-perodua-to-team-up-on-ev-charging-report/ | Malaysian PM proposes Tenaga, Perodua to team up on EV charging – report | 52 | Malaysian Prime Minister Ismail Sabri Yaakob on Wednesday proposed to the national utility company Tenaga Nasional Bhd (TNB) and Perusahaan Perusahaan Otomobil Kedua Sendirian Bhd (Perodua) to forge cooperation in introducing affordable electric vehicle (EV) charging rates for the people. The prime minister said TNB is... |
https://technode.global/2022/07/18/malaysias-bank-islam-launches-digital-banking-app/ | Malaysia’s Bank Islam launches digital banking app | 52 | Malaysia-listed banking firm Made available to the public since mid-June this year, Bank Islam said in a statement that it targets between 350,000 and 400,000 downloads and users of the Be U app within the first 12 months of its operations. According to the statement, the all-new banking app allows users to do their ba... |
https://technode.global/2022/07/18/advance-intelligence-group-acquires-singapore-based-fintech-startup-jewel-paymentech/ | Advance Intelligence Group acquires Singapore-based fintech startup Jewel Paymentech | 52 | Advance Intelligence GroupJewel Paymentech (“Jewel”) has an established track record of onboarding businesses and monitoring fraudulent transactions, specifically in Know Your Business (KYB) and Know Your Transaction (KYT) monitoring. It also provides automated solutions to large merchants such as marketplaces, to iden... |
https://technode.global/2022/07/15/shopback-launches-shopback-paylater-alongside-global-brand-refresh/ | ShopBack launches ShopBack PayLater alongside global brand refresh | 52 | ShopBackThe launch also kicks off the ShopBack Group’s first global brand refresh across its 10 markets in Asia Pacific. Underscored with its new tagline – For the Wins – the brand refresh looks to translate the small wins on ShopBack’s platform into an elevated shopping experience. ShopBack PayLater live in Singapore ... |
https://technode.global/2022/07/15/indonesias-doku-acquires-malaysias-senangpay-for-7-5-million/ | Indonesia’s DOKU acquires Malaysia’s senangPay for $7.5 million | 52 | DOKUThe acquisition followed DOKU received funding from Apis Growth Fund II, a private equity fund managed by Apis Partners LLP last year. “The recent acquisition of senangPay marks the beginning of DOKU’s expansion overseas and its efforts to reach a wider business segment, especially small and medium-sized enterprise... |
https://technode.global/2022/07/14/malaysias-carsome-appoints-football-legend-and-icon-eric-cantona-as-brand-ambassador/ | Malaysia’s Carsome appoints football legend & icon Eric Cantona as brand ambassador | 52 | Malaysia-based integrated car e-commerce platform As one of the greatest footballers of his generation, Cantona and Carsome both share a common drive in their relentless spirit to go above and beyond for their fans and consumers, Carsome said in a statement. In his capacity as ambassador to the brand, Cantona will take... |
https://technode.global/2022/07/12/vleppo-tokel-conduct-digital-procedure-to-make-nft-rights-legally-enforceable-in-the-real-world/ | Vleppo, Tokel conduct digital procedure to make NFT rights legally enforceable in the real world | 52 | Web3 firms Vleppo said in a statement that the firm in June developed a blockchain contract management system (CMS) that enables NFT owners to create a digital contract by embedding their NFT’s on-chain ID directly into the Blockchain record of the same digital contract. This seemingly simple digital procedure however ... |
https://technode.global/2022/07/11/ocbc-partners-jt-to-offer-last-mile-delivery-for-over-1500-couriers-in-malaysia/ | OCBC partners J&T to offer “last mile” delivery for over 1500 couriers in Malaysia | 52 | OCBC Bank (Malaysia) Berhad (OCBC Bank)The collaboration, which follows from previous successes since the two first got together in 2021, will see the digital collection solution being progressively used by all J&T Express couriers nationwide, along with an in-store presence as well, OCBC Bank said in a statement. The ... |
https://technode.global/2022/07/08/scaleup-malaysia-seeks-to-invest-1-million-in-ten-startups/ | ScaleUp Malaysia seeks to invest $1 million in ten startups | 53 | Growth stage accelerator ScaleUp Malaysia said in a statement that it has increased its investment in its startups to $100,000 per company, making it one of the largest cheque sizes from an accelerator in Southeast Asia. Participants will also be receiving investments from the accelerator before commencing the program ... |
https://technode.global/2022/07/08/grab-launches-intercity-travel-service-in-malaysia-and-singapore/ | Grab launches intercity travel service in Malaysia and Singapore | 53 | Southeast Asian super app The launch of the service also sees the inclusion of direct bus routes to Singapore, helping to minimise congestion on highways, ticket concessions, and even borders, especially during peak travel periods, Grab said in a statement. “As a homegrown brand, we want to help Malaysians plan their t... |
https://technode.global/2022/07/01/chinas-xinghuo-bif-and-malaysias-zetrix-jointly-introduce-web3-services/ | China’s Xinghuo BIF and Malaysia’s Zetrix jointly introduce Web3 Services | 53 | China’s Xinghuo Blockchain Infrastructure and Facility (Xinghuo BIF) and Malaysia’s Both parties said in a statement on Friday the BID, an official DID method listed in the DID Specification Registry of World Wide Web Consortium (W3C), is a new approach to realize decentralized identity based on Xinghuo BIF. The initia... |
https://technode.global/2022/06/24/indonesias-gojek-says-no-current-plans-to-enter-malaysia/ | Indonesia’s Gojek says ‘no current plans’ to enter Malaysia | 53 | Indonesia-based ride-hailing giant “Gojek is not currently available in Malaysia and we have no current plans to enter the market,” a Gojek spokesperson told Gojek was responding to earlier The Vocket. com first reported the development. As at June 7, 2022, there are It was reported in November 2019 that Gojek, togethe... |
https://technode.global/2022/06/23/malaysias-unicorn-carsome-to-delay-dual-listing-plans-report/ | Malaysia’s unicorn Carsome to delay dual-listing plans – report | 53 | Malaysia-headquartered used car platform Carsome, which is also Malaysia’s first tech unicorn, has halted work on the planned offerings that were set for this year, the people reportedly said. Carsome may revive the first-time share sales next year if markets improve, they added. Carsome has yet to respond to Quoting s... |
https://technode.global/2022/06/23/ethis-group-and-gobi-partners-to-debut-shariah-compliant-20m-seed-fund/ | Ethis Group and Gobi Partners to debut Shariah-compliant $20M seed fund | 53 | Malaysian ethical investment and social finance platform operator The fund, which is targeted to have its first closing by the end of this year, is notable for being Ethis Group’s first move into the venture fund space as well as Gobi Partners’ first-ever fully Shariah-compliant fund, the duo said in a statement. This ... |
https://technode.global/2022/06/22/malaysia-to-focus-on-creating-smart-cities-says-science-minister/ | Malaysia to focus on creating smart cities, says Science Minister | 53 | Malaysia is focusing on creating smart cities based on the trend of increasing population in the urban areas, according to the country’s Science, Technology and Innovation Minister Dr Adham Baba. The creation of smart cities was one the approaches being taken in solving urbanization issues to improve the residents’ qua... |
https://technode.global/2022/06/21/malaysias-naluri-secures-7m-pre-series-b-funding-round-led-by-pruksa-group/ | Malaysia’s Naluri secures $7M pre-series B funding round led by Pruksa Group | 53 | Malaysian digital health service provider Pruksa Group’s investment is joined by Bertelsmann Investments from Germany and Striders Corporation from Japan and is supported by several returning investors, including M Venture Partners (MVP), Palm Drive Capital, and INP Capital, Naluri said in a statement. The new funding ... |
https://technode.global/2022/06/17/malaysias-capital-a-mulls-us-listing/ | Malaysia’s Capital A mulls US listing | 53 | Capital A BhdIts Chief Executive Officer Tony Fernandes said in a statement that the group is evaluating all fundraising options, including private placement, direct listing or listing via a merger with a Special Purpose Acquisition Company (SPAC). The firm has also received a clean audit report by Auditors Ernst & You... |
https://technode.global/2022/06/17/airasia-super-app-launches-closed-loop-e-wallet-platform/ | Airasia Super App launches closed-loop e-wallet platform | 53 | The Airasia Super App said in a statement that airasia pocket users will be able to earn airasia points upon activation. Airasia pocket is currently available to all airasia Super App users in Malaysia in the Ringgit Malaysia currency. “As fintech and neobanks continue to reshape the financial landscape in Malaysia and... |
https://technode.global/2022/06/14/malaysia-unicorn-carsome-announces-appointment-of-advisory-board/ | Malaysia unicorn Carsome announces appointment of advisory board | 54 | Malaysia-headquartered integrated car e-commerce platform The advisory board is made up of “individuals of various specializations, dynamic perspectives and deep expertise who will provide insights, connect networks and share experiences in building and scaling technology companies in the region”, Carsome said in a sta... |
https://technode.global/2022/06/13/tony-fernandes-plans-us-listings-for-airasia-airline-super-app-report/ | Tony Fernandes plans US listings for AirAsia airline & super app – report | 54 | Tony Fernandes’s “If you want to be an actor, you’re probably going to want to end up in Hollywood at some stage in your career,” Fernandes told the“We think the time is right for part of Capital A Group to be listed in the US,” he was quoted as saying. He said the group had begun compliance work and envisaged two se... |
https://technode.global/2022/06/10/malaysias-khazanah-launches-sustainability-framework-targets/ | Malaysia’s Khazanah launches sustainability framework & targets | 54 | Malaysia sovereign wealth fund At the launch, Khazanah has also presented their views on the need for businesses to focus on a just and responsible transition. The Sustainability Framework introduced by Khazanah is designed to be holistic, captured under the three main pillars of ESG, and focuses on issues which most i... |
https://technode.global/2022/06/09/alipay-partners-comfortdelgro-for-foreign-mobile-payments-in-singapore/ | Alipay+ partners ComfortDelGro for foreign mobile payments in Singapore | 54 | ComfortDelGro TaxiUsers of these mobile wallets can pay for the cab fare simply through the wallet apps without the need to exchange currency, both parties said in a statement. “With Singapore reopening its borders, we are looking forward to having tourists come visit us. As such, our partnership with Alipay+ is a vita... |
https://technode.global/2022/06/09/carsome-launches-largest-experience-center-in-malaysia/ | Carsome launches largest experience center in Malaysia | 54 | Malaysia-based integrated car e-commerce platform, For customers, the Automall enables them to experience prospective cars – from viewing, to selecting, to on-the-spot test driving – and thereon completing their purchase with on-site financial facilities that can process loan applications and approvals in one day, Cars... |
https://technode.global/2022/06/08/malaysias-iprice-group-lays-off-20-percent-staff-in-move-to-focus-on-core-mission/ | Malaysia’s iPrice Group lays off 20 percent staff | 54 | iPrice GroupThe layoffs are part of several measures to focus the business on its core mission “to help people save money” shopping online, iPrice said in a statement. The move comes three months after the company announced a $5 million investment from Japanese Conglomerates Itochu Corporation and KDDI Corporation. Acc... |
https://technode.global/2022/06/07/gobi-partners-publishes-inaugural-sustainability-report/ | Gobi Partners publishes inaugural Sustainability Report | 54 | Pan-Asian venture capital firm “It is especially poignant for Gobi to publish our first Sustainability Report during Pride Month and on World Environment Day, and we look forward to further advancing and promoting environmental stewardship, social progress, and good governance through our work highlighted in this repor... |
https://technode.global/2022/06/06/malaysian-conglomerate-sunway-to-launch-largest-indoor-vertical-farm-in-kl-city-center/ | Malaysian conglomerate Sunway to launch largest indoor vertical farm in KL city center | 54 | Sunway XFarms, a Malaysia-based agritech company, will launch Kuala Lumpur city center’s largest indoor vertical farm in the third quarter of 2022. The urban farm will occupy three floors spanning 37,000 square feet in Sunway Tower, Sunway said in a statement on Tuesday. The farm is expected to produce at least 13,000 ... |
https://technode.global/2022/06/03/shell-malaysia-invests-in-malaysias-smart-mobility-solution-provider-parkeasy/ | Shell invests in Malaysia’s smart mobility solution provider ParkEasy | 54 | Shell Malaysia Trading Sdn Bhd This investment will be Shell’s first investment in a local Malaysian tech start up, and gives Shell an immediate path to an established parking and e-mobility platform in Southeast Asia, Shell said in a statement. “Decarbonising mobility and enabling better services to our customers thro... |
https://technode.global/2022/06/03/most-digital-banks-are-not-profitable-simon-kucher-study-shows/ | Most digital banks are not profitable, Simon-Kucher study shows | 54 | Despite lofty valuations, most neobanks (digital banks) are not profitable, The global commercial strategy consultancy said in a statement that digital banks entered the banking scene a decade ago as mobile-focused challenger banks looking to establish primary, digital-only relationships with digitally savvy clients, a... |
https://technode.global/2022/06/02/malaysias-home-services-platform-kaodim-to-cease-operations-next-month/ | Malaysia’s home services platform Kaodim to cease operations next month | 55 | Malaysia-based home services platform “So it is with a heavy heart that we announce that from July 1, 2022, Kaodim and all its affiliate platforms will no longer be operational,” its Co-Founder and Chief Executive Choong Fui Yy wrote in a note on Wednesday. “Although our recent recovery has been strong, the last 2+ yea... |
https://technode.global/2022/06/01/airasia-super-app-launches-e-hailing-service-in-thailand/ | Airasia Super App launches e-hailing service in Thailand | 55 | TheThailand becomes the second country for Airasia Ride’s ASEAN expansion, and will offer taxi rides as part of its first phase of entry into the market, Airasia Super App said in a statement. “As we are starting off with taxi service for Airasia Ride, we are targeting to capture 70 percent of international tourists ar... |
https://technode.global/2022/05/30/mrantis-fourth-industrial-revolution-innovation-hub-to-benefit-1250-biz-owners-this-year/ | MRANTI’s Fourth Industrial Revolution Innovation Hub to benefit 1,250 biz owners this year | 55 | MRANTI MakersLab, the Fourth Industrial Revolution (4IR) Innovation Hub developed at the The initiative was also targeted to help 5,000 would-be entrepreneurs through exposure to 4IR technology, as well as help 50 companies to build prototypes of their products, the minister said, national news agency He said the proje... |
https://technode.global/2022/05/26/renewable-energy-rises-to-the-occasion-as-oil-gas-prices-spike/ | Renewable energy rises to the occasion as oil & gas prices spike | 55 | Editor’s note:The fact that nine out of 10 countries in ASEAN pledged to achieve net-zero carbon economy does provide tremendous opportunities for renewable energy startups in the region. The nine ASEAN members with net-zero emissions targets made their pledges in 2020 and 2021 when their economies took heavy hits from... |
https://technode.global/2022/05/25/singapores-funding-societies-expands-financing-offerings-for-msmes-via-islamic-fintech-facilities/ | Singapore’s Funding Societies expands financing offerings for MSMEs via Islamic FinTech facilities | 55 | Funding SocietiesFunding Societies Malaysia Co-Founder and Chief Executive Officer Wong Kah Meng said in a statement that despite their encouraging business performance, MSMEs have limited access to financing and are underserved for various reasons (some of the main factors include low to zero credit track record, lack... |
https://technode.global/2022/05/24/malaysias-cradle-funds-outgoing-ceo-rafiza-ghazali-to-lead-kaf-led-digital-islamic-bank/ | Malaysia’s Cradle Fund’s outgoing CEO Rafiza Ghazali to lead KAF-led digital Islamic bank | 55 | Malaysia-based Rafiza will initially be joining KAF Investment Bank as part of the digital bank project team pending the incorporation process of the digital bank entity, KAF Investment Bank said in a statement on Tuesday. The consortium led by KAF Investment Bank is one of the five successful applicants to win the bid... |
https://technode.global/2022/05/12/malaysian-prime-minister-too-tries-to-court-tesla-to-invest-in-the-country-report/ | Malaysian Prime Minister too, tries to court Tesla to invest in the country – report | 55 | Malaysia Prime Minister Ismail Sabri Yaakob has suggested US-headquartered electric vehicle maker Tesla to invest and produce electric car in the country as he presented Malaysia as a preferred investment destination, national news agency The prime minister on Wednesday (Thursday, May 12 in Malaysia) rolled out the red... |
https://technode.global/2022/05/09/grab-said-to-be-eyeing-stake-in-malaysias-sixth-largest-banking-group-ambank-report/ | Grab said to be eyeing stake in Malaysia’s sixth largest banking group AmBank – report | 55 | Singapore-headquartered ride-hailing and food delivery giant Grab Holdings Inc is said to be eyeing a stake in AmBank’s two largest shareholders Australia and New Zealand Banking Group Ltd and the group’s former chairman Azman Hashim are likely to be the sellers, the business weekly paper reported, quoting several pers... |
https://technode.global/2022/05/09/malaysia-has-no-plans-for-more-digital-banking-licenses-report/ | Malaysia has no plans for more digital banking licenses – report | 55 | Malaysia has no plans to issue more digital banking licenses, according to “At this point, we have no plans to issue any more licenses than the five announced,” she told national news agency In deciding to award five licenses, Nor Shamsiah said the central bank considered many factors, such as the size of the country’s... |
https://technode.global/2022/05/06/malaysias-unicorn-carsomes-part-of-kaf-led-consortium-winning-digital-bank-license/ | Malaysia’s unicorn Carsome’s part of KAF-led consortium winning digital bank license | 55 | Southeast Asian used car marketplace “Yes, we are excited to confirm that Carsome is part of the consortium led by KAF Investment Bank which has received one of the first digital bank licenses in Malaysia granted by Bank Negara Malaysia (BNM),” Carsome investors’ relations team told The consortium led by KAF Investment... |
https://technode.global/2022/05/05/malaysias-unicorn-carsome-acquires-wapcar-autofun-businesses/ | Malaysia’s unicorn Carsome acquires WapCar & AutoFun Businesses | 56 | Southeast Asia’s used car e-commerce platform Upon the completion of the acquisition, Carsome set up WapCar AutoFun Sdn Bhd (WapCar), as a fully-owned subsidiary of the Carsome group in Malaysia. Carsome Co-founder and Group CEO Eric Cheng said that WapCar has built a strong automotive content strategy in Southeast Asi... |
https://technode.global/2022/05/05/lottiefiles-raises-37m-series-b-funding-led-by-square-peg-capital/ | LottieFiles raises $37M Series B funding led by Square Peg Capital | 56 | US and Malaysia-based motion graphics platform LottieFiles said it will use the funding to further its product roadmap and expand its operations to cater to the expanding user base. The company plans to launch a new design workflow and collaboration solution to its global user base in summer 2022, which will enable des... |
https://technode.global/2022/04/29/grab-led-digibank-consortium-to-enable-local-micro-smes-and-other-financially-underserved-segments/ | Grab-led digibank consortium to focus on local micro-SMEs, gig economy workers | 56 | Grab Holdings LimitedGrab said in a statement that SMEs are expected to be key beneficiaries of digital banking, highlighting the segment forms the backbone of the Malaysian economy – representing over 97 percent of overall business establishments, contributing approximately 38 percent of national gross domestic produc... |
https://technode.global/2022/04/29/grab-singtel-axiatas-boost-rhb-sea-ltd-ytl-aeon-credits-consortiums-among-winners-of-malaysia-digital-banking-licenses/ | GRAB-Singtel, Axiata’s Boost-RHB, Sea Ltd-YTL, AEON Credit consortiums among winners of Malaysia digital banking licenses | 56 | Bank Negara Malaysia According to the cenral bank, the following applicants are to be licensed under the Financial Services Act 2013 (FSA):The following applicants are to be licensed under the Islamic Financial Services Act 2013 (IFSA):Three out of the five consortiums are majority-owned by Malaysians namely Boost Hold... |
https://technode.global/2022/04/29/malaysia-to-announce-digital-bank-licenses-winners-as-early-as-friday-report/ | Malaysia to announce digital banking license winners as early as Friday – report | 56 | Bank Negara Malaysia is expected to announce the successful applicants for its digital bank licenses on Friday (Apr 29), local mediaThe central bank later told local media that it would be announcing the winners “upon completion of the legal process”. Bank Negara did not immediately respond to Bank Negara announced A d... |
https://technode.global/2022/04/29/malaysias-e-commerce-platform-shoppymore-eyes-10-times-more-sellers-regional-expansion/ | Malaysia’s e-commerce platform Shoppymore eyes 10 times more sellers & regional expansion | 56 | Malaysia’s newest e-commerce website “What we have is a comprehensive and thorough mechanism with a three-fold objective; one, we look for vendors who are ethical and trustworthy, two, we ensure and verify that the products on Shoppymore are genuine, authentic and of good quality, and three, we have an extensive custom... |
https://technode.global/2022/04/27/malaysias-financial-platform-payd-raises-1-7m-in-seed-funding-led-by-ifs-capital/ | Malaysia’s financial platform Payd raises $1.7M in seed funding led by IFS Capital | 56 | Malaysia-based financial wellbeing platform The round was led by IFS Capital, with participation from 1982 Ventures and The Hive Southeast Asia, a recipient of the Dana Penjana Nasional program, the company said in a statement. “In the long run, we hope to be a platform that eases the financial worries of the Malaysi... |
https://technode.global/2022/04/25/al-rajhi-bank-malaysia-selects-singapores-moneythor-as-a-strategic-partner-for-personal-finance-management-features/ | Al Rajhi Bank Malaysia selects Singapore’s Moneythor as a strategic partner for personal finance management features | 56 | Al Rajhi Bank Malaysia (ARBM)This partnership is in line with ARBM’s ambition to become the number one Islamic innovation bank in Malaysia, ARBM said in a statement. Having committed to a digital transformation in 2021, ARBM is focused on providing customers an all-encompassing Islamic banking solution. The bank will d... |
https://technode.global/2022/04/25/malaysias-petronas-aerodyne-to-collaborate-on-deployment-commercialization-of-drone-based-solutions/ | Malaysia’s Petronas, Aerodyne to collaborate on deployment & commercialization of drone-based solutions | 56 | Malaysia state energy firm The collaboration is set to elevate the adoption of drone-based technology in the energy industry and beyond to drive operational optimization while reducing carbon footprint and improving worksite safety, Petronas said in a statement on Monday. It is also part of Petronas’ efforts to enable ... |
https://technode.global/2022/04/21/malaysias-carsome-to-list-on-nasdaq-at-2b-valuation-report/ | Malaysia’s Carsome to list on NASDAQ at $2B valuation – report | 56 | Southeast Asian used car marketplace Carsome, which is also Malaysia’s first tech unicorn, is said to have confidentially filed for the IPO with NASDAQ. Carsome is also considering a dual listing at the Singapore Stock Exchange (SGX) too, a move that is said to have been encouraged by one of its key investors Temasek-b... |
https://technode.global/2022/04/18/sunway-ilabs-carsome-to-launch-malaysias-first-auto-ecosystem-accelerator/ | Sunway iLabs, Carsome to launch Malaysia’s first auto ecosystem accelerator | 57 | Sunway Innovation Labs (iLabs)Launching in the third quarter of 2022, the so-called The program will provide a holistic platform for startups in the auto ecosystem to scale by providing mentorship, opportunities for funding and access to partnership opportunities through Sunway and Carsome’s network of entrepreneurs, v... |
https://technode.global/2022/04/14/ey-global-ipo-market-sees-significant-slowdown-in-q1-malaysias-exchanges-lead-by-proceeds-in-asean/ | EY: Global IPO market sees significant slowdown in Q1; Malaysia’s exchanges lead by proceeds in Asean | 57 | After record-high levels of global IPO activity in 2021, volatile market conditions have resulted in a significant slowdown during the first quarter of 2022, according to The year started off strongly, continuing the momentum of Q4 2021, with January producing the strongest opening month in 21 years by proceeds. Howeve... |
https://technode.global/2022/04/13/malaysia-marketing-tech-firm-involve-asia-expands-to-vietnam/ | Malaysia marketing tech firm Involve Asia expands to Vietnam | 57 | Malaysia-based marketing technology (MarTech) platform The company said it has generated over US$1.4 billion in sales for its brands, with over $46 million paid out to its publishing and other partners. “Vietnam is an important market for Involve Asia as it is one of the fastest-growing economies in Southeast Asia with... |
https://technode.global/2022/04/13/sedanias-singapore-based-espl-enters-crypto-nft-gaming-in-the-metaverse/ | Singapore’s eSports firm ESPL partners Philippine’s Yield Guild Games for crypto NFT gaming | 57 | Esports Players League (ESPL)The partnership aims to generate up to 300,000 gamers for ESPL and Sedania, Sedania and ESPL said in a statement. They also said the partnership will allow ESPL to focus on enabling the 3Gs (game publishers, gamers, and guilds) to build a sustainable ecosystem by launching exciting NFTs and... |
https://technode.global/2022/04/13/malaysia-listed-myegs-zetrix-blockchain-to-launch-mainnet/ | Malaysia-listed MYEG’s Zetrix blockchain to launch mainnet | 57 | Malaysia-based This marks the completion of phase 1 of Zetrix’s journey towards being a leading platform for decentralized applications, where industrial use cases like supply chain traceability and financing co-exist with the metaverse, the e-government service provider said in a statement on Tuesday. Zetrix is the in... |
https://technode.global/2022/04/08/applications-now-open-in-malaysia-for-5th-cohort-of-ey-startup-incubator-program/ | Applications now open in Malaysia for 5th cohort of EY startup incubator program | 57 | Early-stage tech startups in Malaysia are invited to apply to theThis year, the EY organization announced the continued expansion of the EY Foundry startup incubator program into Cambodia, Guam, Thailand and Vietnam. These markets will join Australia, Indonesia, Malaysia, New Zealand, Philippines, Singapore and Sri Lan... |
https://technode.global/2022/04/08/airasia-super-app-collaborates-with-google-cloud-for-digital-growth/ | airasia Super App collaborates with Google Cloud for digital growth | 57 | airasia Super AppThe two organizations will nurture technology talent, co-create software tools for open innovation, deliver data-driven intelligence on behalf of micro-, small- and medium-sized enterprises (MSMEs) on the platform, and ensure accessibility for diverse users in cities and rural areas, the companies said... |
https://technode.global/2022/04/08/travel-tech-firms-await-revenge-traveling-as-malaysia-reopens-but-concerns-remain/ | Travel tech firms await ‘revenge traveling’ as Malaysia reopens, but concerns remain | 57 | The tourism industry could be one of the most affected sectors globally when COVID-19 pandemic hit since the end of 2019. The tourism business almost came to a halt as countries closed borders and imposed travel restrictions to contain the deadly and infectious coronavirus.2020 was supposed to be the Visit Malaysia Yea... |
https://technode.global/2022/04/07/pace-partners-shangri-la-to-offer-bnpl-payments-its-hotels-across-malaysia/ | Pace partners Shangri-La to offer BNPL payments across its hotels in Malaysia | 57 | Singapore-based Pace Enterprise (Pace), a FinTech solutions company with a ‘Buy Now Pay Later’ (BNPL) platform, announced on Thursday an exclusive partnership with Shangri-La Hotels and Resorts, to offer its BNPL payment option at participating hotels across Malaysia. With Pace’s BNPL payment infrastructure integrated... |
https://technode.global/2022/04/06/malaysias-juristech-partners-with-germanys-mambu-to-drive-innovation-in-malaysias-digital-banking-ecosystem/ | Malaysia’s JurisTech partners with Germany’s Mambu to drive innovation in Malaysia’s digital banking ecosystem | 57 | Malaysian FinTech firm This new collaboration will act as a catalyst for further expansion of the industry, with the result being greater support for both unbanked and underserved markets in Malaysia, and a boost to overall financial inclusion in the country, JurisTech said in a statement. The partnership of the two so... |
https://technode.global/2022/04/01/ant-backed-e-wallet-touch-n-go-launches-digital-personal-loan-facility/ | Ant-backed e-wallet Touch ‘n Go launches digital personal loan facility | 58 | Touch ‘n Go (TNG) GroupThis marks TNG eWallet’s first digital lending solutions offering, having previously already launched financial services propositions in investments and insurance, TNG said in a statement. Accessed through the TNG eWallet and delivered fully electronically, GOpinjam offers personal loans from as ... |
https://technode.global/2022/04/01/australias-fintech-unicorn-airwallex-launches-payment-services-in-malaysia/ | Australia’s FinTech unicorn Airwallex launches payment services in Malaysia | 58 | Australia-based FinTech platform Initially, qualified Malaysian businesses will be given access to Airwallex’s fast, transparent and cost-effective foreign exchange conversions and payouts in more than 130 countries, empowering them to grow and operate globally, Airwallex said in a statement. It said it will continuous... |
https://technode.global/2022/03/31/malaysias-hatten-land-signs-agreement-with-new-partner-for-crypto-mining-activities/ | Malaysia’s Hatten Land signs agreement with new partner for crypto mining activities | 58 | Hatten Land Limited Hatten Land said in a statement that the partner agrees to deliver 50 sets of S19J Pro as pilot batch machines by end of April 2022 for crypto mining operation to location(s) designated by Hatten Edge for the provision of crypto mining services. Produced by BITMAIN, the manufacturer of digital curre... |
https://technode.global/2022/03/30/malaysia-to-enact-laws-to-better-regulate-buy-now-pay-later-schemes/ | Malaysia to enact laws to better regulate ‘Buy Now Pay Later’ schemes | 58 | Malaysia’s central bank is working with the Finance Ministry and Securities Commission Malaysia to enact laws to better regulate ‘Buy Now Pay Later’ (BNPL) schemes. Bank Negara Malaysia“The CCA will strengthen regulatory arrangements for all consumer credit activities, including BNPL schemes offered by non-bank operato... |
https://technode.global/2022/03/29/consortiums-partnering-banks-e-wallets-have-upper-hand-to-bag-malaysia-digital-bank-licenses/ | Consortiums partnering banks, e-wallets have an upper hand to bag Malaysia digital bank licenses | 58 | Editor’s note:Consortiums partnering with banks or financial institutions and e-wallet operators will have an upper hand in securing a digital banking license in Malaysia, according to analysts. “Although it is not really a necessity, we believe that partnering with banks will give some benefits to the consortiums as b... |
https://technode.global/2022/03/28/malaysias-private-equity-and-venture-capital-funding-up-26-75-percent-in-2021/ | Malaysia’s private equity and venture capital funding up 26.75% to $3.52B in 2021 | 58 | Malaysia’s total committed funds for private equity and venture capital rose 26.75 percent to MYR14.83 billion ($3.52 billion) in 2021 from MYR11.7 billion ($2.78 billion) in 2020, Total committed funds under management for private equity increased to MYR9.65 billion ($2.29 billion) from MYR7.39 billion ($1.76 billion)... |
https://technode.global/2022/03/25/malaysias-petronas-partners-waygate-technologies-to-commercialise-co-developed-robotic-inspection-solution/ | Malaysia’s Petronas partners Waygate Technologies to commercialise co-developed robotic inspection solution | 58 | Petroliam Nasional Berhad (Petronas)Petronas said in a statement that based on the BIKE robotic system, the device enables improved data management and inspection of confined or hard-to-reach spaces in oil and gas facilities – onshore and offshore. The enhanced technology includes a cleaning tool as well as additional ... |
https://technode.global/2022/03/25/fintech-continues-to-be-a-hot-sector-in-southeast-asia-after-a-booming-2021/ | FinTech continues to be a hot sector in Southeast Asia after a booming 2021 | 58 | Editor’s note:FinTech will continue to be one of the hottest sectors in Southeast Asia after record amounts were pumped into the region’s FinTech firms last year, according to investors. Central banks in the region are also in the midst of opening up the highly-regulated financial sector in a bid to spur innovation to ... |
https://technode.global/2022/03/24/the-securities-commission-malaysia-registers-two-initial-exchange-offering-operators/ | Securities Commission Malaysia registers two initial exchange offering operators | 58 | The Securities Commission Malaysia (SC)The regulator said in a statement, the registered IEO operators will provide an alternative avenue for eligible companies to raise funds via the issuance of digital tokens in Malaysia. An issuer may raise funds up to MYR100 million ($23.65 million) from retail, sophisticated, as w... |
https://technode.global/2022/03/23/malaysias-iprice-group-raises-5m-from-itochu-corporation-and-kddi-corporation/ | Malaysia’s iPrice Group raises $5M from Itochu Corporation and KDDI Corporation | 58 | iPrice GroupThe additional funding will bolster iPrice’s role in finding shoppers the best deals as Southeast Asia’s e-commerce market becomes increasingly difficult to navigate, iPrice said in a statement. IPrice recently launched a Price Watch service allowing users in Indonesia to receive alerts of their desired pro... |
https://technode.global/2022/03/21/malaysias-touch-n-go-ewallet-and-singapores-dotlines-collaborate-to-include-migrants-into-the-cashless-society/ | Malaysia’s Touch ‘n Go eWallet and Singapore’s Dotlines collaborate to include migrants into the cashless society | 59 | Touch ‘n GoA cashless society is now closer than before, and with this collaboration, the migrant community can fully embrace and be part of the cashless society, both parties said in a statement on Monday. Headquartered in Singapore, Dotlines is a technology-powered consumer and business solution group, working in 10 ... |
https://technode.global/2022/03/18/carsome-and-public-bank-sign-mou-for-car-financing-collaboration/ | Carsome and Public Bank sign MoU for car financing collaboration | 59 | Malaysian lender With this MoU, the bank will be able to provide stock-financing and end-financing arrangement for the vehicles to its member Car Dealers and individual purchasers who have won the bids through Carsome online platform, as well as to extend wholesome financial products/services to Carsome’s customers, Pu... |
https://technode.global/2022/03/18/grab-financial-arm-and-sedania-introduce-grab-cash-financing-i-for-grab-drivers-and-delivery-partners-in-malaysia/ | Grab Financial Group partners Sedania to provide Shariah-compliant financing to Malaysian drivers | 59 | Grab financial armBoth parties said in a statement that Grab Cash Financing-i aims to provide Grab’s driver- and delivery-partners with convenient and secure access to financing, so they can more easily address their immediate household and financial needs. This financing option lowers the barriers to micro-financing w... |
https://technode.global/2022/03/17/malaysias-carsome-acquires-majority-stake-in-singapore-integrated-automotive-firm-cartimes-automobile/ | Malaysia’s Carsome acquires majority stake in Singapore integrated automotive firm CarTimes Automobile | 59 | Malaysia-based integrated car e-commerce platform Carsome said in a statement the acquisition is an important move that further strengthens its market leadership in the region, and reinforces its commitment to drive ecosystem expansion. Carsome Co-founder and Group Chief Executive Officer Eric Cheng said that CarTimes ... |
https://technode.global/2022/03/17/malaysias-mranti-to-open-new-learning-and-development-centre-to-ramp-up-technology-savvy-talent-pool-and-innovation-portfolio/ | Malaysia’s MRANTI to open new learning and development centre to ramp up technology-savvy talent pool and innovation portfolio | 59 | The Malaysia Research Accelerator for Technology and Innovation (MRANTI)The new learning and development centre will offer a spectrum of 4IR focused tools, technologies and technology immersion programmes, aimed at gathering communities for greater experimentation and collaboration in a bid to increase local inventions... |
https://technode.global/2022/03/17/malaysias-drone-tech-hub-ambition-opportunities-challenges-part-2/ | Malaysia’s drone tech hub ambition: Opportunities & Challenges [Part 2] | 59 | Editor’s note:The global market for Unmanned Aircraft Systems (UAS) or drones has grown significantly over the last decade. Rapid technological development on the hardware has resulted in robust and reliable aerial platforms now addressing a growing number of civil and industrial use cases, across a diverse set of vert... |
https://technode.global/2022/03/17/malaysias-carsome-buys-51-stake-in-singapore-used-car-dealer-cartimes-for-60m-report/ | Malaysia’s Carsome buys 51% stake in Singapore used car dealer CarTimes for $60M – report | 59 | Malaysia-headquartered used car platform Quoting sources, the local media reported that the deal is half in cash and half in shares and believed to be worth around $60 million. Regulatory filings showed that on Mar 7, CarTimes Managing Director Eddie Loo transferred 408,000 ordinary shares in the company to Carsome Gro... |
https://technode.global/2022/03/15/malaysia-aviation-group-partners-with-bnpl-platform-hoolah-to-enable-travellers-in-malaysia-singapore-and-hong-kong-to-pay-for-flights-over-time/ | Malaysia Aviation Group partners with hoolah for travellers in Malaysia, SG, HK to pay for flights over time | 59 | Malaysia Aviation Group (MAG)Through this collaboration, travellers in Malaysia, Singapore and soon Hong Kong, can now book their getaway with MAG’s main airline, Malaysia Airlines online and pay for their flights via hoolah’s flexible three-month, interest-free payment option, both parties said in a statement. This me... |
https://technode.global/2022/03/11/airasia-parent-capital-a-unable-to-get-120m-govt-guaranteed-loan/ | AirAsia Parent Capital A unable to get $120M govt-guaranteed loan | 59 | Capital A BhdThe conditions include a joint and several guarantee from its founders Tony Fernandes and Kamarudin Meranun, as well as for the company to submit a regularisation plan which will also be approved by the stock exchange Bursa Malaysia, Capital A said in a regulatory filing on Thursday. The regularisation pla... |
https://technode.global/2022/03/10/aws-signs-new-cloud-framework-agreement-with-malaysia-to-power-public-sector-innovation/ | AWS signs new Cloud Framework Agreement with Malaysia govt to power public sector innovation | 59 | Amazon Web Services (AWS)The CFA enables Radmik Solutions, an IT systems integrator and technology service provider in Malaysia, and now an AWS managed service provider, to provide consulting and technology services to government agencies and contribute towards the growth of Malaysia’s digital economy, AWS said in a st... |
https://technode.global/2022/03/10/malaysias-myeg-launches-global-nft-marketplace-known-as-nft-pangolin/ | Malaysia’s MYEG launches global NFT marketplace known as NFT Pangolin | 60 | MY E. G. Services Berhad (MYEG)It said in a statement that the global NFT marketplace supports the issuance and trading of NFTs and is set to operate on the soon-to-be-launched Zetrix Layer 1 blockchain network which serves as a parallel chain to the International Backbone and Supernodes of Xinghuo, China’s national bl... |
https://technode.global/2022/03/10/carsome-appoints-digbijoy-shukla-as-head-of-merger-and-acquisition-and-ecosystem-strategy/ | Carsome appoints Digbijoy Shukla as Head of M&A, Ecosystem Strategy | 60 | Malaysia-based car e-commerce platform In this new role, Shukla’s key responsibility is to develop an end-to-end ecosystem strategy for Carsome to ensure a seamless experience throughout the automotive ownership journey, Carsome said in a statement. It includes staying close to the automotive ecosystem in Southeast Asi... |
https://technode.global/2022/03/09/malaysias-vase-ai-raises-seed-funding-led-by-indelible-ventures/ | Malaysia’s Vase.ai raises seed funding led by Indelible Ventures | 60 | Vase Technologies Sdn Bhd (Vase. ai)This new round of funding was led by Indelible Ventures, along with their existing investors, Vase. ai said in a statement. The investment from Indelible Ventures will be poured into aggressive geographical expansion and enhancing the artificial intelligence (AI) technology behind th... |
https://technode.global/2022/03/08/malaysias-rhl-ventures-scouts-opportunities-in-esg-healthcare-financial-sectors-as-it-finalizes-hibiscus-fund/ | Malaysia’s RHL Ventures scouts opportunities in ESG, healthcare & financial sectors as it finalizes Hibiscus fund | 60 | RHL Ventures“While these trends may not seem new, these themes have started gaining momentum in recent times,” the Malaysia-headquartered VC firm Co-founder and Co-Managing Partner Raja Hamzah Abidin told “We are expecting Southeast Asia’s startup ecosystem to flourish, with ESG being one of the core pillars for invest... |
https://technode.global/2022/03/07/malaysian-finance-platform-ethis-group-launches-ethis-global-platform-for-global-expansion/ | Malaysian finance platform Ethis Group launches Ethis Global platform for global expansion | 60 | Malaysia-based ethical investment and social finance platform operator Approved by the Capital Market Authority (CMA) – the Sultanate of Oman’s regulator and supervisor of the capital market and insurance sector – EthisX is managed by Ethis Investment Platform LLC based out of Muscat, the Sultanate of Oman, and Kuala L... |
https://technode.global/2022/03/03/capital-a-venture-firm-bigpay-launches-first-fully-digital-personal-loan-product/ | Capital A e-wallet unit BigPay launches first fully digital personal loan product | 60 | Capital A e-wallet unit BigPay said in a statement its wholly owned subsidiary and a digital money lending license holder BigPay Later has launched its first personal loan product. This makes BigPay the first product to have a full digital personal lending product as part of its offering in Malaysia. BigPay said there ... |
https://technode.global/2022/03/02/scaleup-malaysia-announces-investments-in-11-emerging-startups/ | ScaleUp Malaysia announces investments in 11 emerging startups | 60 | Growth stage accelerator ScaleUp Malaysia said in a statement the cohort which kicked off in August 2021 drew over 200 applications from 26 countries including Malaysia, the United States, Egypt, Indonesia, Singapore and Japan.20 companies were shortlisted to participate in Cohort 3 and placed into separate tracks, giv... |
https://technode.global/2022/03/01/binance-and-cuscapi-bhd-take-strategic-stakes-in-malaysia-fintech-firm-mx-global/ | Binance & Cuscapi Bhd take strategic stakes in Malaysia FinTech firm MX Global | 60 | MX Global Sdn. BhdMX Global also landed another investment for Redeemable Convertible Preference Shares (RCPS) into the company by Cuscapi Berhad, a pioneer digital business solutions provider in Malaysia, MX Global said in a statement. These new capital injections will allow MX Global, a licensed fintech company, to b... |
https://technode.global/2022/03/01/malaysia-needs-big-innovation-purpose-to-stay-ahead-says-its-government-agency-mranti/ | Malaysia needs “big innovation purpose” to stay ahead, says its government agency MRANTI | 60 | An ambitious purpose on innovation, a synergised ecosystem and a ‘bridge’ between research and commercialization – these are among the elements needed for Malaysia to pull ahead in the region and achieve its ambition to be among the top 20 most innovative nations by 2030 in the Global Innovation Index, said MRANTI said... |
https://technode.global/2022/02/25/fave-launches-southeast-asia-tech-hub-in-kuala-lumpur-malaysia/ | Fave launches Southeast Asia tech hub in Kuala Lumpur, Malaysia | 60 | FaveAs a part of Fave’s efforts in evolving the fintech landscape, the new tech hub will serve as a platform to groom top class engineering talents and drive digital innovation in Southeast Asia, Fave said in a statement. In collaboration with training partner iTrain and universities, Fave’s tech hub aims to onboard 10... |
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