Malaysia
JCB, IDEMIA and Soft Space launch “JCBDC” phase 2 pilot to trial CBDC offline P2P payments
Japan's international payment brand JCB Co., Ltd. (JCB) has launched the JCB Digital Currency (JCBDC) phase 2 pilot project with France-based identity technologies firm, IDEMIA, and Malaysia-based fintech company Soft Space Sdn Bhd.
EY: over half of Malaysian employees feel generative AI will positively impact their work
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, EY said Friday.
Standard Chartered: $17B in retail investor capital could be mobilized to combat climate change in Malaysia
Standard Chartered’s latest Sustainable Banking Report2023 shows $17 billion of retail investor capital could be mobilized towards climate investments in Malaysia by 2030. Within climate investing in Malaysia, $9 billion could flow into mitigation themes – renewables, energy efficiency and storage are set to attract the most capital.
Careplus partners GoAuto to set up EV plant in Malaysia
Malaysia-based glovemaker Careplus Group Berhad is partnering electric vehicle (EV) mobility firm GoAuto Group to set up an EV plant in Malaysia with gross development value (GDV) of the about MYR 600 million ringgit ($128 million).
Securities Commission Malaysia introduces accelerated transfer of listing from ACE Market to Main Market for eligible companies
The Securities Commission Malaysia (SC) has on Wednesday introduced an accelerated transfer process to facilitate the promotion of eligible ACE Market public listed companies (PLCs) to the Main Market of Bursa Malaysia.
DRB-Hicom, Geely form joint venture to develop the Automotive Hi-Tech Valley in Malaysia
Malaysia-based conglomerate DRB-Hicom and Chinese automaker Geely Holdings have signed a joint venture agreement to develop the Automotive Hi-Tech Valley in Tanjong Malim, Perak in Malaysia. This follows the recent master collaboration agreement signed in October 2023, which had set forth the underlying principles, governance framework, and mutual…
Zetrix and Beitou launch digital ID and driver’s license services on blockchain
Zetrix, a layer 1 public blockchain platform of Malaysia-based MY E.G. Services Bhd, has on last Saturday announced the launch of its groundbreaking Digital Credentials platform, ushering in a new era of secure, convenient, and interoperable credentials verification.
YTL partners NVIDIA to build AI infrastructure in Malaysia
Malaysian utility firm YTL Power International Berhad (YTL) has on Friday announced a collaboration with United States chip manufacturer NVIDIA to build artificial intelligence (AI) infrastructure that will bring the fastest supercomputers to Malaysia by the middle of 2024.
ASEAN Reinsurance Working Committee inks MOU to establish ASEAN renewable energy pool
The ASEAN Reinsurance Working Committee (ARWC) has signed a Memorandum of Understanding (MOU) in pledging support in the form of underwriting capacity as well as setting up the terms to the establishment of the ASEAN Renewable Energy Pool (AREP) under the supervision of ASEAN Insurance Council (AIC).
WWF, BCG, and Think City launch regional initiative for nature-based solutions, climate analytics and AI
The World Wide Fund for Nature (WWF), Boston Consulting Group (BCG), and Think City, have announced the launch of the Report and the Southeast Asia Climate Adaptation and Resilience (SEACAR) Alliance. SEACAR Alliance is a regional initiative that aims to emphasize the importance of nature-based solutions (NbS), climate analytics and artificial intelligence…
