Malaysia
Malaysia’s Careplus diversifies its business to electric vehicles
Malaysia-listed glove maker Careplus has diversified its existing business to include the business of electric vehicles (EV). The firm has undertaken a joint venture with Malaysia-based EV firm Go Auto to import electric vehicles under the Neta brand, by taking up a 30 percent stake in Intro Synergy Sdn Bhd (ISSB), a wholly owned subsidiary of Go Auto…
Malaysia’s Capital A prepares to raise more than $1B in debt, equity as it prepares New York SPAC listing – report
Fernandes has agreed a deal with Aetherium Acquisition, a special purpose acquisition company trading on NASDAQ, and plans to list several businesses through it next year, the FT reported.
Airasia MOVE achieves new record of 15.4 million average monthly active users in third quarter
Airasia MOVE, which was rebranded recently from airasia Superapp, has achieved a new record of 15.4 million average monthly active users in the third quarter, up by 61 percent year on year. This has led to another new high of 8.3 million transactions, up by 65 percent year on year.
Malaysia’s Hextar Technologies ventures into FinTech with the launch of mobile super app
Malaysia-listed logistics, building materials and technology firm Hextar Technologies Solutions Berhad (HexTech) is venturing into fintech with the introduction of MoneyX, a one-stop fintech mobile super-app.
Malaysian stock exchange develops platform for firms to assess their carbon emissions impact
Malaysian stock exchange is developing the Centralized Sustainability Intelligence (CSI) Platform, to be used by both public listed companies (PLCs) and non-listed small and medium enterprises (SMEs) to assess their carbon emissions impact. The platform also allows firm to disclose standardized environmental, social and governance (ESG) data in compliance…
City Energy and Gentari to study feasibility of building hydrogen pipeline from Malaysia to Singapore
City Energy and Gentari have signed a joint feasibility study agreement to construct a pipeline from Malaysia to Singapore for the import of hydrogen into the Republic. The study will be conducted over a period of 12 months.
JC3 announces initiatives to support inclusive transition to greener economy in Malaysia
The Joint Committee on Climate Change (JC3), a platform established by public and private sectors to boost climate resilience within the Malaysian financial sector, has announced five key initiatives to expedite the transition of businesses and farmers towards low-carbon practices.
Malaysia’s EPMB invests $21M for new EV car manufacturing facility in Melaka
Malaysia-listed EP Manufacturing Berhad (EPMB) has announced that it will invest MYR 100 million ($20.98 million) to build an automotive manufacturing facility in Melaka, Malaysia. This strategic move is part of EPMB commitment to establishing a manufacturing hub for energy-efficient vehicles (EEVs) and electric vehicles (EVs) in Malaysia, contributing…
Malaysia’s Plus partners Gentari to roll out modular, portable EV fast charging station with BESS at Behrang Lay-by
Malaysian expressway service provider PLUS Malaysia Berhad (PLUS) has partnered clean energy solutions provider Gentari Sdn Bhd to launch the electric vehicles (EV) fast charging modular and portable station with battery energy storage system (BESS), at the Behrang Lay-by (Northbound).
Malaysia’s TNB and Siemens Energy join forces in green hydrogen advancements
Malaysian utility firm Tenaga Nasional Berhad (TNB) is partnering with global energy firm Siemens Energy to accelerate the decarbonization of its thermal power plants, utilizing green hydrogen produced from renewable energy (RE) resources.
