Malaysia
This Malaysian startup aims to address ‘screen time crisis’ among kids
Carrots&Cake is a parental control learning app, focusing on the science behind how kids interact with tech in order to try and change their behavior and build healthy habits.
MRANTI appoints Rais Hussin Mohamed Ariff as new Chief Executive Officer
The Malaysian Research Accelerator for Technology and Innovation (MRANTI) Board of Director (BoD) has announced the appointment of Dr. Rais Hussin Mohamed Ariff as its new Chief Executive Officer (CEO). Rais will take over from the current Acting Chief Executive Officer and Chief Commercial Officer Khairil Anuar Sadat, effective 9 October 2023.
Boost partners CelcomDigi to launch global prepaid card in Malaysia
Malaysia-based FinTech firm Boost has partnered mobile service provider CelcomDigi to launch global prepaid card on the Mastercard network. The prepaid card which is called the Beyond Card is the first two-in-one international card in Malaysia, enabling customers to access funds from Boost wallet balance and utilize a pre-approved credit line.
BIS and central bank partners to explore protocols for embedding policy and regulatory compliance in cross-border transactions
The Bank for International Settlements (BIS) and central bank partners have on Thursday launched Project Mandala, which explores the feasibility of encoding jurisdiction-specific policy and regulatory requirements into a common protocol for cross-border use cases such as foreign direct investment, borrowing and payments.
Malaysian Central Bank to finalize DITO Framework in first half of 2024
Malaysian Central Bank said Thursday that it will be refining several aspects of the Digital Insurers and Takaful Operators (DITO) Framework. Bank Negara Malaysia plans to finalize the framework by the first half of 2024.
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.
