Malaysia
Analyst sees challenges for Malaysia to embrace electric vehicles
Malaysian analyst Affin Hwang Investment Bank has foreseen challenges for Malaysia to embrace electric vehicles (EV). The research house said in a report on Wednesday that the rollout of the EV infrastructure in Malaysia and for Malaysia to become a suitable EV investment destination are still facing several challenges.
Carsome appoints Miguel Fernandez as CFO
Southeast Asia’s largest integrated car e-Commerce platform Carsome Group Inc. has on Wednesday announced the appointment of Miguel Fernandez as its Group Chief Financial Officer, effective from November 1, 2023.
Malaysia’s Maybank expands cross-border services to China; boosts ASEAN financial integration
Malaysian lender Malayan Banking (Maybank) has on Wednesday announced the expansion of its cross-border QR Pay service to China, one of the first in the market for a Malaysian bank, amplifying its existing cross-border payment capabilities and enhancing the ease and efficiency of financial transactions.
Malaysia’s PayNet partners China’s Ant Group for cross-border digital payments
Malaysia's payments firm Payments Network Malaysia Sdn Bhd (PayNet) and China-based Alibaba Group's fintech subsidiary Ant Group have on Wednesday launched their cross-border digital payments collaboration that has enabled travellers from eight regionsto use PayNet’s DuitNow QR in Malaysia, further boosting international tourism and trade among these…
NEFIN and MYDIN team up for carbon-neutral energy solutions in Malaysia
NEFIN, an Asia Pacific green independent power producers, and Mydin Mohamed Holdings Berhad (MYDIN), a halal home-grown wholesale and retail chain in Malaysia, have on Tuesday announced a partnership in implementing carbon-neutral energy solutions and driving sustainability efforts in the retail industry.
Malaysia’s Khazanah Impact Innovation Challenge 2023 unveils Top three winners
The Khazanah Impact Innovation Challenge (KIIC) 2023 has concluded its Demo Day on Tuesday, where 15 finalists representing impactful Malaysian businesses pitched for potential equity investments and/or debt funding from Khazanah and its funding partners in their quest to deliver innovative solutions to tackle climate change challenges for food security in…
Malaysia’s TNB partners Singapore’s Charge+ for cross-border EV charging platform
Tenaga Nasional Berhad (TNB), Malaysia's sustainable energy solutions provider, and Chargeplus Sdn Bhd (Charge+), a subsidiary of Singapore-based integrated electric vehicle (EV) charging solution provider Charge+ Pte Ltd., have announced a joint initiative to explore a ground-breaking cross-border roaming platform.
Malaysia’s TNB partners Petronas to explore CCS technology for gas-fire power plants
Malaysian utility firm Tenaga Nasional Berhad (TNB) has partnered with state-owned oil and gas firm Petroliam Nasional Berhad (Petronas) to explore carbon capture and storage (CCS) technology for gas-fired power plants.
Malaysia’s MY E.G. blockchain unit Zetrix launches cross border supply chain financing pilot with Chinese banks
Malaysia's MY E.G. Services blockchain unit Zetrix, has announced the commencement of a pilot project to offer supply chain financing products in conjunction with Chinese banks for international importers and exporters.
Japan’s Mitsui invests $58M in ADA via Axiata Digital, valuing ADA at $550M
Following the investment, Mitsui’s stake in ADS will increase from 3.29 percent to 20 percent, resulting in an effective 12.69 percent stake in ADA.
