Malaysia

Malaysia’s WORQ partners DE Rantau to bring high-value jobs to Malaysia worth over $79M

WORQ, a Malaysia-based coworking and flex space provider, has announced its collaboration with Malaysia Digital Economy Corporation (MDEC)'s DE Rantau to launch the WORQ with DE Rantau program. The program is estimated to inject MYR 360 million ($79.07 million) into the Malaysian economy by supporting 6,000 highly skilled workers to the workforce as well as…

Malaysia grants licence to Elon Musk’s Starlink to bring Internet services to rural areas

Currently, 97 percent of populated areas in Malaysia have Internet access. However, the remaining 3 percent face challenges due to geographical locations, such as remote rural areas or isolated islands, making network infrastructure development difficult.

Tesla to invest in Malaysia, boosting the country’s sustainable mobility

Tesla Sdn. Bhd. (Tesla), an American multinational electric automotive manufacturer, has on Thursday announced its strategic expansion into the Malaysian market. The expansion plans including vehicle importation, setting up supercharger network, head office, service center and experience center.

Sime Darby, AEI Capital become limited partners in Vynn Capital’s $30M fund

Vynn Capital, a Malaysia-based venture capital firm specializing in early-stage investments, has on Wednesday announced the participation of Malaysian conglomerate Sime Darby Berhad and Hong Kong-based investment firm AEI Capital as limited partners in its second Venture Capital (VC) fund.

Malaysian clean energy firm Solarvest embarks strategic initiatives to expand into Singapore and Brunei

Malaysian clean energy expert Solarvest Holdings Berhad is embarking on strategic initiatives to expand its geographical reach into the Singapore and Brunei markets to capitalize on the growing demand for sustainable energy solutions.

Malaysia’s Gentari appoints Navjit Gill as India’s Country Head

Malaysian clean energy solutions provider Gentari Sdn Bhd (Gentari) has appointed energy industry veteran Navjit Gill as its new Country Head for India, effective July 10 2023. As Country Head of Gentari India, Navjit will lead the team in growing all three core pillars, fortifying its presence not only in commercial & industrial sectors by 2025 but…

Tesla starts accepting orders in Malaysia

As part of Malaysia's commitment to promoting the adoption of low-carbon mobility and supporting the development of the electric vehicle (EV) industry, customers can enjoy full import and excise duties exemption for newly registered zero-emission Tesla electric vehicles.

AEON Credit Service partners Aeon Financial Service to undertake digital Islamic bank business in Malaysia

Malaysia's financial service firm AEON Credit Service (M) Berhad has partnered Japan-listed financial institution Aeon Financial Service Co. Ltd. (AFS) to undertake the business of a digital Islamic bank in Malaysia.

Malaysia’s Ni Hsin partners UNIVERSITI TEKNIKAL MARA to promote EV motorcycles

Ni Hsin EV Tech Sdn. Bhd. (NH EV TECH), a wholly-owned subsidiary of Malaysia main market-listed Ni Hsin Group Berhad, has signed a letter of intent (LOI) with UNIVERSITI TEKNIKAL MARA SDN. BHD. (UnIKL), to promote the innovative electric motorcycles known as EBIXON EV Motorcycles.