Malaysia
Alibaba Cloud partners SAINS to offer private cloud program in Malaysia
Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has on Wednesday announced its collaboration with Sarawak Information Systems (SAINS), a information and communications technology (ICT) systems integrator and solutions provider fully owned by Sarawak state government.
Battery electric vehicles is clear winner when trying to reduce emissions, says Rystad Energy
Battery electric vehicles (BEV) are the clear winner when trying to reduce emissions in the transportation sector, according to Rystad Energy research. Despite incurring higher emissions in the manufacturing process of electric vehicles and an enduring reliance on fossil fuel power generation in many countries, it said the positive environmental impact of…
BMI sees Malaysia’s electric vehicle sales to quadruple in 2023
BMI, a FitchSolutions firm, has projected that Malaysia's total electric vehicle (EV) sales to quadruple in 2023, although the country’s EV penetration rate (EV sales as percent of total vehicle sales) will stay at just 1.8 percent. BMI estimates demand for EVs in Malaysia to far outstrip that of internal combustion engine cars within the 2023-2032…
Antitrust approval could be biggest hurdle for Grab’s potential acquisition of Foodpanda’s business, analysts say
Momentum Works, a venture outfit, estimated Foodpanda's Southeast Asia GMV at $3.1 billion in 2022. According to the same report, Foodpanda ranked second by market share in Singapore, Malaysia and the Philippines, and third in Thailand in 2022.
Malaysian Fintech startup MADCash secures $1M in funding to empower women entrepreneurs
MADCash Sdn. Bhd., a fintech startup focused on providing zero-interest microfunds to women entrepreneurs, has announced the successful completion of its pre-series A funding round, securing MYR 5 million ($1.06 million) investment. The funding was led by Artem Ventures with strong support from MSW Ventures and ScaleUp Founders Fund.
Malaysia launches i-ESG Framework to tap into $12T global market on ESG-focused opportunities
The Ministry of Investment, Trade & Industry (MITI) in Malaysia has on Monday launched the National Industry Environmental, Social and Governance (ESG) Framework (i-ESG Framework) to prepare the nation’s manufacturing sector on embracing ESG principles, and for tapping into a $12-trillion global market on ESG-focused opportunities.
Malaysia’s Teleport and China’s SF Airlines to cross-share logistics network
Teleport, the logistics venture seeded by Malaysian low-cost airline Capital A Berhad, and SF Airlines, China’s largest air cargo carrier by fleet, have signed a bilateral interline partnership to leverage on each other’s extensive air network to better serve their respective customers - Teleport brings to the table deep logistics access into Southeast…
Malaysia’s Hektar REIT partners GMA Resources for EV charging bays
Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust (Hektar REIT), has partnered with GMAResources Sdn Bhd (GMA) for electric vehicle (EV) charging bays in Malaysia. This initiative involves the installation of 13 Electric Vehicle (EV) charging bays across six shopping malls in Hektar REIT’s portfolio commencing from 1…
Malaysian Central Bank: micro and small businesses will continue to enjoy zero-cost transactions DuitNow QR payments
Malaysian Central Bank said last Friday that micro and small businesses in Malaysia will continue to enjoy zero-cost transactions DuitNow QR payments, and no new costs for individual customers.
Gobi Partners backs Malaysian agritech startup BoomGrow
Asia-focused venture capital firm Gobi Partners is doubling down on its commitment to Environment, Social and Governance (ESG)-friendly investments through its latest strategic funding into Malaysian agritech startup, BoomGrow’s Pre-Series A Funding Round. The investment is made through the Khazanah Nasional Berhad-backed Gobi Dana Impak Ventures (GDIV)…
