Malaysia
KPMG-HSBC report spots 10 potential unicorns in Malaysia: here’s a closer look
A recent report published by audit and advisory firm KPMG and banking group HSBC has featured 10 potential unicorns in Malaysia that are poised to make a lasting impact on the global business landscape over the next decade. We take a closer look at these companies.
Malaysia’s Bank Islam chooses AWS as preferred cloud provider to power digital transformation
Amazon Web Services (AWS), an Amazon.com company, announced Monday that Bank Islam, Malaysia’s first listed Islamic financial services institution, has selected AWS as its preferred cloud provider to power its digital transformation.
Malaysia’s AirAsia, UK’s Skyports seal partnership to explore air taxi in Malaysia
Skyports Infrastructure, the United Kingdom-based advanced air mobility (AAM) infrastructure developer, and AirAsia’s Advanced Air Mobility, a dedicated unit of Malaysia's AirAsia Aviation Group Limited (the aviation arm of Capital A), have signed a letter of tntent (LoI) to explore the development of air taxi infrastructure in Malaysia.
Malaysia’s Meradue Services partners with MDV to facilitate global growth and expansion
Meraque Services Sdn Bhd (Meraque), a Malaysian drone tech company, announced Wednesday that the company is partnering with Malaysia Debt Ventures Berhad (MDV), a subsidiary of the Minister of Finance (Incorporated) and an agency under the purview of the Ministry of Science, Technology and Innovation (MOSTI), to facilitate global growth and expansion.
Alpha Startups™ Digital Accelerator Seeks Next-Gen Early-Stage Startups in Malaysia
New startup ideas and business models are key engines of economic growth. They not only create new jobs but also foster competitiveness and innovation, which is why the Malaysian government’s MyDIGITAL initiative is looking to attract two unicorns and launch 5,000 startups in the next five years.
Airasia Super App achieves record high growth in average monthly active users
Capital A Berhad's digital businesses, airasia Super App achieved a record high growth in average monthly active users (MAU) which stood at 10.6 million in the second quarter of 2022, up 236 percent compared to the same period last year.
Malaysia’s Exabytes partners with China’s Huawei Cloud to provide cloud-first smart solutions
Malaysia-based all-in-one business cloud, digital, and e-commerce solutions provider Exabytes said Monday it continues to expand its capabilities by establishing a partnership with Huawei Technologies (Malaysia) Sdn Bhd (Huawei Malaysia), offering cloud infrastructure-platform-and-software-as-a-service (IaaS, PaaS and SaaS) systems to boost the digital…
Malaysia’s TNG eWallet raises $168M funding led by Lazada
Touch ‘n Go Group announced Monday that TNG Digital Sdn Bhd (TNGD), the owner and operator of Touch ‘n Go eWallet, Malaysia’s largest eWallet company, has raised MYR750 million ($168.39 million) from its latest round of equity funding. This funding round was led by a new investment in TNG Digital by Lazada Group and a follow-on investment by TNG Digital’s…
Samsung SDI invests $1.3B in cylindrical battery lines in Malaysia
Samsung SDI announced Thursday it will invest 1.7 trillion won ($1.3 billion) in cylindrical battery lines in Malaysia to accelerates challenge to be global top tier company by 2030. Its decision to construct the second factory in Malaysia comes as a strategy to meet the rising demand for cylindrical batteries recently.
Carsome expands Malaysia-based regional headquarters
Southeast Asia’s largest integrated car e-commerce platform Carsome announced Wednesday the expansion of its regional headquarters in Malaysia, which signifies the company’s efforts in growing a high-skilled workforce to solve customers’ pain points in the car ownership journey.
