Malaysia

Funding Societies Malaysia has announced the appointment of Chai Kien Poon as Country Head of Malaysia. In his new role, he will be responsible for managing day-to-day operations of Funding Societies in Malaysia, as well asdriving strategic business partnerships and initiatives for the largest and leading small and medium-sized enterprise (SME) digital…

Founded in 2017, Kopi Kenangan expanded to more than 850 outlets in 64 cities in Indonesia and officially became the first Southeast Asia company to achieve 'unicorn' status in the F&B category in December last year.

Malaysia’s lead digital economy agency the Malaysia Digital Economy Corporation (MDEC) has launched the Malaysia Digital Climate Action Pledge (MDCAP), a corporate pledge that aims to build capacity and increase the adoption of sustainability and climate action by businesses across the digital economy.

Selected startups will have direct access to local and international mentors, resources, and market exposure with extended post-program and funding opportunities. 

In the interview, Fong also shared some of his opinions on issues related to the digitization within the F&B industry post-pandemic.

MRANTI Park will be equipped with modern infrastructure, including high-speed broadband and 5G technology, as well as incentives and funding opportunities. It is also designed to attract young professionals and create a stable pathway for highly skilled talents

In the interview, Kee also shared the opportunities Carsome sees in building a digital bank in Malaysia and the competitive edge it has against others. He, however, declined to comment on the launching timeline of the digital bank.

As part of the "employee base optimization", Carsome said it will focus on improving productivity across the business, aligning resources with contributions to the bottom line, and enforcing stricter performance management. This strategy will impact a certain number of employees, who will receive their full severance package and extended health benefits…

On Tuesday, 15 startups across nine verticals including manufacturing, SAAS, HealthTech, logisitcs, AgriTech, FoodTech, FinTech, EdTech and PropTech were chosen to pitch on the demo day.

Malaysia-based drone service provider Aerodyne Group announced Monday that it had raised $30 million as part of its latest bridging round. Iits long-time client Petronas, via its corporate venture capital arm Petronas Ventures, has led the funding round.