Malaysia

Finnish multinational telecommunications firm Nokia has on Friday announced a significant upgrade to the data center infrastructure of Maxis, a Malaysia-based integrated telecommunications provider, aimed at enhancing connectivity and scalability with Nokia’s data center switches and event-driven automation (EDA) platform.

Ficus Capital, a Malaysia-based environmental, social, and governance (ESG) Islamic-compliant venture capital firm, announced Tuesday its strategic investment of $430,000 in Morpheus Labs, an artificial intelligence (AI)-powered Web3 implementation platform based in Singapore, as it initiates its Pre-A Funding round.

Digital investments in Malaysia hit a record MYR 163.6 billion ($36.81 billion) in 2024, compared to MYR 46.8 billion ($10.53 billion) in 2023, driven by a stable government and pro-business policies in reinforcing the country’s reputation as a regional tech hub, Malaysia Digital Economy Corporation (MDEC) said Thursday.

Malaysia's state-owned oil and gas firm Petroliam Nasional Berhad (Petronas) has forged a partnership with United Kingdom-based chartered professional membership body Energy Institute (EI) for Asia's energy transition.

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has unveiled its latest artificial intelligence (AI) models, solutions, upgraded infrastructure offerings in Malaysia to advance the country’s AI agenda.

Kyndryl, the global information technology (IT) infrastructure services provider, has on Thursday announced it entered into an agreement with LifeTech Group, a Malaysia-based managed cybersecurity services provider, to establish the first in-country security operations center (SOC) on public cloud in Malaysia.

The deal is still pending regulatory approval, and Axiata is not able to disclose the name of the new investor, group chief executive officer and managing director Vivek Sood said.

Malaysia’s clean energy solutions provider Solarvest Holdings Berhad has partnered with Australia's sustainable real estate firm EXAL Group to bring clean energy infrastructures to EXAL’s architectural developments in Sarawak.

None of eFishery’s PondTag sensors that were supposed to help remotely judge water quality and automate fish and shrimp feeders had been deployed. The limited data collection meant fish feed predictions were wrong almost half the time, the document said.

The Ministry of Investment, Trade and Industry (MITI) and the Securities Commission Malaysia (SC) have jointly launched the Strategic Co-Investment Fund (CoSIF) under the New Industrial Master Plan 2030 (NIMP 2030) on Tuesday.