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https://technode.global/2024/02/02/aub-partners-alipay-to-enable-cross-border-payments-in-south-korea-malaysia-hong-kong/
AUB partners Alipay+ to enable cross border payments in South Korea, Malaysia, Hong Kong
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Asia United Bank (AUB)The duo said in a statement on Friday that after becoming the first Philippine bank to offer an e-wallet that can be used for cross-border payments, AUB is in a race to expand the coverage of its HelloMoney abroad. Through AUB’s partnership with Alipay+, HelloMoney users can now make e-wallet paym...
https://technode.global/2024/01/31/malaysian-re-developer-ditrolic-energy-secures-investment-backing-from-blackrocks-climate-finance-partnership/
Malaysian RE developer Ditrolic Energy secures investment backing from BlackRock’s Climate Finance Partnership
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Malaysian renewable energy (RE) developer Ditrolic Energy said in a statement on Wednesday that the duo have entered into an agreement in which CFP will back Ditrolic Energy’s expansion to build commercial and industrial (C&I) and utility-scale solar assets throughout emerging markets in Asia Pacific. The partnership s...
https://technode.global/2024/01/26/maxis-and-public-bank-collaborate-to-further-accelerate-digital-adoption-among-malaysian-smes/
Maxis and Public Bank collaborate to further accelerate digital adoption among Malaysian SMEs
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Malaysian telecommunication firm The duo said in a statement on Friday that through the collaboration, which was formalized during a Memorandum of Understanding (MoU) exchange ceremony, both companies will embark on a joint awareness program to promote digitalization among SMEs. This will also pave the way for SMEs to ...
https://technode.global/2024/01/26/malaysias-khazanah-in-talks-to-lead-softbank-backed-oyo-hotels-400m-fund-raise-report/
Malaysia’s Khazanah in talks to lead Softbank-backed OYO Hotel’s $400M fund raise – report
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Malaysia sovereign wealth fund Khazanah Nasional Bhd is said to be in discussions to lead a $400 million funding round in The Indian hotel-booking firm backed by Softbank Group, is seeking to raise funds for expansion and cutting debt, the people reportedly said. According to the report, Avendus Capital Pvt. is advisin...
https://technode.global/2024/01/26/malaysias-epf-confirms-ahmad-zulqarnain-onns-appointment-as-ceo/
Malaysia’s EPF confirms Ahmad Zulqarnain Onn’s appointment as CEO
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The Board of the Previously helming Permodalan Nasional Bhd (PNB) as President and Group Chief Executive, Zulqarnain succeeds Amir Hamzah Azizan, who was appointed as the Minister of Finance II in Malaysia, after leading the fund since March 1, 2021, EPF said in a statement on Friday. According to the statement, Zulqar...
https://technode.global/2024/01/26/malaysia-inks-deal-with-uae-to-build-data-centers-in-malaysia/
Malaysia inks deal with UAE to build data centers in Malaysia
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Malaysia and the United Arab Emirates (UAE) have signed a Memorandum of Understanding (MoU) on Thursday, marking a strategic partnership on the development of data centers in Malaysia, with potential projects anticipated to achieve a total capacity of 500 megawatts. The According to the statement, the MoU represents a...
https://technode.global/2024/01/26/malaysias-tnb-partners-chinas-state-owned-utilities-to-shake-up-asean-power-grid-with-hvdc-technology/
Malaysia’s TNB partners China’s state-owned utilities to shake up ASEAN power grid with HVDC technology
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Malaysian utility firm TNB said in a statement on Thursday that this strategic move underscores its commitment as a regional energy leader dedicated to advancing sustainable energy solutions. TNB President and Chief Executive Officer Ir. Baharin Din has unveiled the ambitious initiative, emphasizing the pivotal role o...
https://technode.global/2024/01/26/tenaka-partners-orange-business-to-scale-coral-reef-restoration-program-in-malaysia/
Tēnaka partners Orange Business to scale coral reef restoration program in Malaysia
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France’s information technology firm Orange said in a statement on Wednesday that Tēnaka’s coral reef restoration helps protect and preserve critically important and endangered wildlife while supporting the economic independence of coastal communities in terms of food security and employment linked to tourism and fishe...
https://technode.global/2024/01/26/malaysia-to-appoint-pnb-chief-to-lead-countrys-largest-pension-fund-epf-reuters/
Malaysia to appoint PNB chief to lead country’s largest pension fund EPF – Reuters
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Malaysia is expected to name Ahmad Zulqarnain Onn, group Chief Executive Officer of the country’s largest asset manager Permodalan Nasional Berhad (PNB), as the head of its biggest state pension fund, The appointment will fill the role left vacant after Prime Minister Anwar Ibrahim in December named Amir Hamzah Azizan,...
https://technode.global/2024/01/24/airasia-moves-monthly-active-users-surge-48-percent-on-year-in-4q2023/
Airasia MOVE’s monthly active users surge 48 percent on year in 4Q2023
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Malaysia-based Capital A said in a statement on Wednesday that the app maintained an average of 15 million MAU throughout the year 2023, a 42 percent year on year surge. In tandem with the increased users, it said airasia MOVE achieved a new record for number of transactions, totaling 9.2 million in the fourth quarter ...
https://technode.global/2024/01/24/malaysian-stock-exchange-partners-ssm-to-launch-platform-to-facilitate-smes-fundraising/
Malaysian stock exchange partners SSM to launch platform to facilitate SMEs fundraising
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Bursa Malaysia BerhadBursa Malaysia said in a statement that the SME X Platform ensues from the memorandum of understanding signed between Bursa Malaysia and SSM at end 2022, which among others was to enhance data analytics for strategic business decisions in line with the National Data Sharing Policy (NDSP). According...
https://technode.global/2024/01/23/hsbc-malaysia-to-benefit-from-the-green-shoots-of-recovery-from-global-electronic-cycle/
HSBC: Malaysia to benefit from the green shoots of recovery from global electronic cycle
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Malaysia’s economy is expected to benefit from the green shoots of recovery this year powered by resilient consumer and investment spending, according to HSBC. “Malaysia’s economy should remain healthy this year powered by resilient consumer and investment spending. The positive fillip for Malaysia’s economy will come ...
https://technode.global/2024/01/23/mavcap-invests-in-vynn-capitals-mobility-and-supply-chain-fund/
MAVCAP invests in Vynn Capital’s Mobility and Supply Chain Fund
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Malaysia Venture Capital Management Bhd (MAVCAP)This collaboration underscores MAVCAP’s dedication to advancing technological frontiers in Malaysia and Southeast Asia, the companies said in a joint statement on Tuesday. According to the statement, MAVCAP’s decision to participate as an investor in Vynn Capital’s Mobili...
https://technode.global/2024/01/23/ni-hsin-inks-deal-with-myus-to-market-and-distribute-ebixon-motorcycles-in-perlis/
Ni Hsin inks deal with MYUS to market and distribute EBIXON motorcycles in Perlis
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Ni Hsin EV Mobility Sdn. Bhd. (NHEVM), a wholly-owned subsidiary of Ni Hsin EV Tech Sdn. Bhd. which in turn, a wholly owned subsidiary of Malaysia-listed Ni Hsin said in a statement on Tuesday that as the master dealer, MYUS will not just be promoting the sale of EBIXON motorcycles but also the rental of EBIXON motorcy...
https://technode.global/2024/01/23/chery-malaysia-partners-carsome-for-vehicle-trade-ins/
Chery Malaysia partners Carsome for vehicle trade-ins and training
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AutomakerChery Malaysia said in its recent statement that the firm has signed two memorandum of understanding (MoU) with Carsome and Carsome Academy. The primary focus of these partnerships is to improve vehicle trade-ins and enhance soft skills within the brand’s network of representatives. Upon opting for a trade-in,...
https://technode.global/2024/01/22/zetrix-partners-web3labs-and-summer-capital-to-accelerate-hong-kongs-web3-roadmap-initiatives/
Zetrix partners Web3Labs and Summer Capital to accelerate Hong Kong’s Web3 roadmap initiatives
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ZetrixZetrix said in a statement that it expands its current mission of government and enterprise-focused Web3 development in alignment with Hong Kong’s Fintech Promotion Roadmap, in addition to significant partnerships announced with key stakeholders in China, Malaysia and the Philippines. Leveraging on the partners’ ...
https://technode.global/2024/01/19/grab-malaysia-claims-it-observes-delivery-partners-benefitting-from-new-earning-structure-during-peak-demand-periods/
Grab Malaysia claims it sees delivery-partners benefitting from new earning structure during peak-demand periods amid riders’ protest
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Grab Malaysia has claimed that it has observed a “good number” of its “active delivery-partners” benefitting from the new earning structure in the last few days, following a protest from its delivery riders at its headquarters office in Malaysia on Friday. Grab Malaysia also said it encourages feedback and foster ongoi...
https://technode.global/2024/01/19/grab-malaysia-says-it-commits-to-enhancing-earning-opportunities-based-on-partners-feedback-after-protest-calls-from-riders/
Grab Malaysia defends revamped delivery fee framework amid riders’ protest call
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Southeast Asia super app “This is done with reference to our delivery-partners’ recent feedback about bookings that involve longer wait time at merchants’ outlets or farther pick-ups. Apart from adjusting the base fare, we will increase the bonus pay out for such bookings that require more time and effort to complete,”...
https://technode.global/2024/01/18/malaysian-food-startup-meals-in-minutes-nets-1-5m-from-500-global-to-scale-operations-in-malaysia-singapore-and-the-united-kingdom/
Malaysia’s Meals in Minutes nets $1.5M from 500 Global to scale operations in Malaysia, Singapore, and the UK
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Malaysian-based food startup Meals in Minutes said in a statement that the round is led by an early-stage venture fund and seed accelerator, 500 Global, with participation from a private investor. This fresh round of capital will fuel Meals in Minutes’s growth across Malaysia and Singapore, including establishing a pre...
https://technode.global/2024/01/17/malaysias-techna-x-acquires-51-percent-stake-in-it-firm-netsec/
Malaysia’s Techna-X acquires 51 percent stake in IT firm Netsec
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Malaysia-based energy storage and digital transformation enabler This strategic partnership will see Techna-X acquiring a 51 percent stake in Netsec, combining their expertise in digital ecosystems and energy storage with Netsec’s expertise in cybersecurity solutions, Techna-X said in a statement. According to the stat...
https://technode.global/2024/01/17/bcx-inks-deal-with-mpia-to-enhance-voluntary-re-certificates-market/
BCX inks deal with MPIA to enhance voluntary renewable energy certificates market
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Bursa Carbon Exchange (BCX)The partnership, formalized through a memorandum of collaboration (MOC) signed during the MPIA Solar Roadshow 2024 on Tuesday, will focus on four key areas. These include the joint promotion of solar RECs, enabling BCX to offer RECs trading to MPIA members, corporate entities and relevant sta...
https://technode.global/2024/01/17/a-closer-look-at-warren-buffett-backed-chinese-ev-giant-byds-plan-in-malaysia/
A closer look at Warren Buffett-backed Chinese EV giant BYD’s plan in Malaysia
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China-based The Warren Buffett-backed company is in the process of opening showrooms in the country where the government has been pushing for more adoption of EVs and wooing more EV-related investments in Malaysia. BYD has appointed Sime Darby Motors as the official exclusive distributor of BYD vehicles in the country,...
https://technode.global/2024/01/16/truemoney-malaysia-now-supports-duitnow-qr/
TrueMoney Malaysia now supports DuitNow QR
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TrueMoneyWith this new acceptance, TrueMoney e-wallet users can now use the application to make transactions seamlessly anywhere, from small stalls to retail shops that support the national QR standard, TrueMoney said in a statement. As of 2024, TrueMoney Malaysia has established a robust network of 22,000 merchants an...
https://technode.global/2024/01/12/careplus-goauto-jv-to-commence-130m-green-technology-facility-in-malaysia/
Careplus, GoAuto JV to commence $130M green technology facility in Malaysia
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NexV Manufacturing Sdn Bhd (NMSB), a joint venture company between Malaysia-based glove maker The duo said in a statement on Friday that the facility is aiming to commence operations beginning in the first quarter of 2025, and creating new employment opportunities and investments in the region within and adjacent to Ne...
https://technode.global/2024/01/12/malaysias-warisan-tc-inks-deal-with-chinas-gac-aion-to-distribute-ev-in-malaysia/
Malaysia’s Warisan TC inks deal with China’s GAC AION to distribute EV in Malaysia
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https://technode.global/2024/01/09/tony-fernandess-global-empire-to-be-broken-up-into-five-listed-companies-utlimately/
Tony Fernandes’s global empire to be broken up into five listed companies “utlimately”
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Tony Fernandes’s global empire will eventually be broken up into one listed company in the US and four other companies listed in Southeast Asia, the Malaysian tycoon behind low-cost airline AirAsia said on Monday. “We want to build four companies (for the non-aviation business), in the end they’ll probably be broken up...
https://technode.global/2024/01/09/aeon-bank-gets-nod-to-commence-islamic-digital-bank-business-in-malaysia/
AEON Bank gets nod to commence Islamic digital bank business in Malaysia
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AEON Credit Service (M) Berhad (AEON Credit) This positions AEON Bank as the first Islamic digital bank in Malaysia, AEON Credit Service said in a statement. The approval was granted pursuant to BNM’s validation of the Bank’s operational readiness. AEON Bank is also a subsidiary of AEON Financial Service Co. , Ltd. The...
https://technode.global/2024/01/09/boost-rhb-digital-bank-consortium-gets-approval-to-commence-operations-in-malaysia/
Boost-RHB Digital Bank Consortium gets approval to commence operations in Malaysia
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BoostThis marks a momentous milestone as the consortium becomes the first primarily Malaysian-owned digital bank to commence operations with a pioneering embedded digital bank app in the local market, designed to meaningfully address financial inclusion gaps for the underserved and unserved, the duo said in a joint sta...
https://technode.global/2024/01/08/airasia-x-takes-over-capital-as-aviation-business/
AirAsia X takes over Capital A’s aviation business
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Malaysian aviation group AAX said in a statement that the strategic move positions AAX to become the overarching regional aviation provider for all short and medium-haul routes under the AirAsia brand name. It said this groundbreaking acquisition is expected to provide unparalleled advantages, including a strengthened ...
https://technode.global/2024/01/08/airasia-aviation-group-strengthens-leadership-team-with-two-executive-appointments/
AirAsia Aviation Group strengthens leadership team with two executive appointments
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AirAsia Aviation GroupBoth executives will play pivotal roles in shaping the future of the airline group, AirAsia said in a statement on Monday. According to the statement, Voo will lead the airline operations with a focus on optimizing and enhancing efficiencies across core airline functions, as well as identifying an...
https://technode.global/2024/01/03/khazanah-and-cgc-digital-invest-in-funding-societies-to-broaden-financing-access-to-msmes/
Khazanah and CGC Digital invest in Funding Societies to broaden financing access to MSMEs
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Khazanah Nasional Berhad (Khazanah)Khazanah said in a statement that with this investment, Funding Societies aims to expand its Malaysian coverage to areas beyond Kuala Lumpur, Selangor, Penang, and Johor. By the end of 2025, it targets to serve more than 25,000 MSMEs across Malaysia, thereby improving micro, small and...
https://technode.global/2023/12/29/chinese-logistics-services-provider-best-aims-to-open-its-sorting-center-in-2024/
Chinese logistics services provider BEST to open its sorting center in Malaysia in 2024
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China-based supply chain and logistics services provider BEST said in a statement on Friday that in addition to build a 220,000-square-meter facility in Malaysia, the company aims to connect Thailand, Vietnam, Singapore and Malaysia in its logistics network, better enabling cross-border express delivery among these cou...
https://technode.global/2023/12/29/malaysias-gentari-acquires-stake-in-hai-long-offshore-wind-project-in-taiwan/
Malaysia’s Gentari acquires stake in Hai Long offshore wind project in Taiwan
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Malaysia-based clean energy solutions provider The investment sees Gentari taking a 49 percent stake in Canada-based Northland Power Inc. ’s (Northland) ownership of the project, equivalent to a 29.4 percent indirect equity interest, Gentari said in a statement on Friday. According to the statement, Northland now hold...
https://technode.global/2023/12/28/southeast-asias-top-10-tech-news-in-2023/
[Year in review] Southeast Asia’s Top 10 tech news in 2023
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The year 2023 was rather gloomy for the tech industry in Southeast Asia as compared to last year. The global wave of layoffs hitting US tech companies like Meta, Amazon, and Twitter has also come to Southeast Asia amid a so-called “funding winter” for tech startups in the region. In March, it was reported that e-commer...
https://technode.global/2023/12/27/malaysias-livein-secures-8-3m-in-pre-series-b-funding-to-accelerate-regional-expansion/
Malaysia’s LiveIn secures $8.3M in pre-Series B funding to accelerate regional expansion
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LiveInThe round was led by Wavemaker Partners and InterVest, with participation from Malaysia Debt Ventures Berhad (MDV), Jungle Ventures, and CAC Capital, LiveIn said in a statement on Wednesday. The firm opined that the latest funding serves as a testament to investors’ unwavering confidence in its trajectory of grow...
https://technode.global/2023/12/26/corrective-aesthetics-partners-teda-technology-to-tackle-malaysias-rising-mental-health-crisis/
Corrective Aesthetics partners Teda Technology to tackle Malaysia’s rising mental health crisis
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In response to the escalating mental health crisis in Malaysia, tech firms Corrective Aesthetics Sdn Bhd and Teda Technology Sdn Bhd have announced a groundbreaking collaboration to expand the Remind program, a mobile application that is designed to diagnose users’ mental states through voice recordings. The Remind pro...
https://technode.global/2023/12/22/malaysias-tnb-partners-sime-darby-to-accelerate-sustainable-township-development-in-malaysia/
Malaysia’s TNB partners Sime Darby to accelerate sustainable township development in Malaysia
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Malaysian utility firm Sealed through a Memorandum of Understanding (MoU), this partnership marks a significant leap towards advancing Malaysia’s clean energy goals and cementing a commitment to a greener, more sustainable future, TNB said in a statement on Wednesday. As a prominent sustainable energy solution provider...
https://technode.global/2023/12/22/bursa-malaysia-partners-ram-holdings-to-launch-new-debt-fundraising-platform/
Bursa Malaysia partners RAM Holdings to launch new debt fundraising platform
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Bursa Malaysia BerhadBursa Malaysia said in a statement that the platform is an alternative fund-raising avenue strategically designed to facilitate listed and unlisted small to mid-sized companies with fundraising needs of at least MYR 5 million ($1.08 milion) and a minimum tenure of one year, to raise funds via the i...
https://technode.global/2023/12/22/tencent-cloud-unveils-latest-ai-solutions-in-malaysia/
Tencent Cloud unveils latest AI solutions in Malaysia
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Tencent CloudTencent Cloud said in a statement on Thursday that the move solidifies the company’s commitment to driving innovation in the industry. According to the statement, Tencent Cloud has long-standing experience in developing and adopting AI technologies, which have an immense potential to enhance productivity, ...
https://technode.global/2023/12/20/tnglobals-top-10-most-read-news-articles-in-2023/
TNGlobal’s Top 10 most-read news articles in 2023
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The year of 2023 has generally looked less rosy with more uncertainties as compared to 2022 as economic growth slowed down in many parts of the world. The baseline forecast is for global growth to slow from 3.5 percent in 2022 to 3.0 percent in 2023 and 2.9 percent in 2024, well below the historical (2000–19) average o...
https://technode.global/2023/12/19/ihi-partners-gentari-to-develop-global-green-ammonia-value-chain/
IHI partners Gentari to develop global green ammonia value chain
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Japanese engineering firm Gentari said in a statement on Monday that IHIand Gentari Hydrogen Sdn Bhd, a wholly-owned subsidiary of Gentari have announced the signing of a memorandum of understanding (MoU) that will see the two parties deepening their collaboration to further develop the hydrogen industry. Under this Mo...
https://technode.global/2023/12/18/jcb-idemia-and-soft-space-launch-jcbdc-phase-2-pilot-to-trial-cbdc-offline-p2p-payments/
JCB, IDEMIA and Soft Space launch “JCBDC” phase 2 pilot to trial CBDC offline P2P payments
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Japan’s international payment brand The trio said in a recent statement that in phase 1 of the JCBDC project, JCB, IDEMIA, and Soft Space developed a central bank digital currency (CBDC) payment solution, enabling merchants to accept CBDC without the need to modify their point of sale (POS) terminals and payment cards....
https://technode.global/2023/12/15/ey-over-half-of-malaysian-employees-feel-generative-ai-will-positively-impact-their-work/
EY: over half of Malaysian employees feel generative AI will positively impact their work
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More than half (63 percent) of employees in Malaysia anticipate that generative artificial intelligence (GenAI) will improve their way of working flexibly, exceeding the global average of 48 percent, According to the EY 2023 Work Reimagined Survey, 70 percent (global 49 percent) of them noted that they are either curre...
https://technode.global/2023/12/14/standard-chartered-17b-in-retail-investor-capital-could-be-mobilized-to-combat-climate-change-in-malaysia/
Standard Chartered: $17B in retail investor capital could be mobilized to combat climate change in Malaysia
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Standard CharteredThe bank said in a statement on Thursday that within climate investing in Malaysia, $9 billion could flow into mitigation themes – renewables, energy efficiency and storage are set to attract the most capital. Meanwhile, $8 billion could be mobilized towards adaptation including resilient infrastructu...
https://technode.global/2023/12/14/careplus-partners-goauto-to-set-up-ev-plant-in-malaysia/
Careplus partners GoAuto to set up EV plant in Malaysia
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Malaysia-based glovemakerCareplus said in a statement on Thursday that the duo are exploring areas related to the EV industry. According to the statement, a collaboration has been agreed between the two parties in the importation and distribution of the NETA electric car, and assembly of multi-model new energy vehicles...
https://technode.global/2023/12/13/securities-commission-malaysia-introduces-accelerated-transfer-of-listing-from-ace-market-to-main-market-for-eligible-companies/
Securities Commission Malaysia introduces accelerated transfer of listing from ACE Market to Main Market for eligible companies
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The The framework will take effect on January 1, 2024 through amendments to the Equity Guidelines, SC said in a statement. According to the statement, the accelerated transfer of listing is part of a slew of capital market measures introduced by the SC to improve stock market vibrancy and reduce market friction. The SC...
https://technode.global/2023/12/11/drb-hicom-geely-form-joint-venture-to-develop-the-automotive-hi-tech-valley-in-malaysia/
DRB-Hicom, Geely form joint venture to develop the Automotive Hi-Tech Valley in Malaysia
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Malaysia-based conglomerate DRB-Hicom said in a statement on Monday that this follows the recent master collaboration agreement signed in October 2023, which had set forth the underlying principles, governance framework, and mutual commitment for the AHTV project. The joint venture agreement outlines the key principles...
https://technode.global/2023/12/10/zetrix-and-beitou-launch-digital-id-and-drivers-license-services-on-blockchain/
Zetrix and Beitou launch digital ID and driver’s license services on blockchain
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Zetrix, a layer 1 public blockchain platform of Malaysia-based MY E. G. said in a statement that this innovative solution addresses the challenges of traditional paper-based credentials, offering a range of benefits that will transform the way individuals, organizations, and governments interact in the digital realm. T...
https://technode.global/2023/12/08/ytl-partners-nvidia-to-build-ai-infrastructure-in-malaysia/
YTL partners NVIDIA to build AI infrastructure in Malaysia
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Malaysian utility firm YTL said in a statement that the firm will deploy NVIDIA H100 Tensor Core GPUs, which power today’s most advanced AI data centers, and use NVIDIA AI Enterprise software to streamline production AI. It is noted that NVIDIA AI Enterprise includes NVIDIA NeMo, an end-to-end, cloud-native framework f...
https://technode.global/2023/12/08/asean-reinsurance-working-committee-inks-mou-to-establish-asean-renewable-energy-pool/
ASEAN Reinsurance Working Committee inks MOU to establish ASEAN renewable energy pool
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The The ideation on the formation of AREP was initially proposed by Malaysian Reinsurance Berhad (Malaysian Re), Chair of the ARWC for the 2021-2022 term, during the 4th ARWC meeting on October 15, 2021 as a facility or pool to support the ASEAN governments’ renewable energy policies, Malaysian Re said in a statement o...
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