Malaysia

Malaysia’s Khazanah launches sustainability framework & targets

The Sustainability Framework introduced by Khazanah is designed to be holistic, captured under the three main pillars of ESG, and focuses on issues which most impact the organization and its portfolio from a business materiality point of view.

Alipay+ partners ComfortDelGro for foreign mobile payments in Singapore

ComfortDelGro Taxi and Alipay+ announced Wednesday a partnership that enables mobile payments from Malaysia and South Korea, namely the Touch ‘n Go eWallet and Kakao Pay, to be accepted as cashless payment options in all its Comfort and CityCab taxis. Users of these mobile wallets can pay for the cab fare simply through the wallet apps without the need to…

Carsome launches largest experience center in Malaysia

Southeast Asia’s largest integrated car e-commerce platform, Carsome, has elevated its hassle-free car buying experience with the launch of Carsome PJ Automall, its biggest experience center to-date in Malaysia and first that comes with electric vehicle charging stations.

Malaysia’s iPrice Group lays off 20 percent staff

iPrice Group, a Malaysia-based e-commerce platform helping shoppers find the best deals online, said Wednesday it is laying off 20 percent of its’ staff. The layoffs are part of several measures to focus the business on its core mission “to help people save money” shopping online,

Gobi Partners publishes inaugural Sustainability Report

"It is especially poignant for Gobi to publish our first Sustainability Report during Pride Month and on World Environment Day, and we look forward to further advancing and promoting environmental stewardship, social progress, and good governance through our work highlighted in this report and our sustainability initiatives in the future," Gobi said.

Malaysian conglomerate Sunway to launch largest indoor vertical farm in KL city center

The farm is expected to produce at least 13,000 kilograms of "fresh, healthy, and pesticide-free" vegetables per month.

Shell invests in Malaysia’s smart mobility solution provider ParkEasy

Shell Malaysia Trading Sdn Bhd announced Friday that it has agreed to acquire 50 percent shareholding in Pixelbyte Sdn Bhd, the company operating ParkEasy – a mobile application software that not only lets drivers park quickly in shopping malls and other locations, but also the only service in Malaysia to offer a pre-booked slot for electric vehicle (EV)…

Most digital banks are not profitable, Simon-Kucher study shows

Simon-Kucher said Thursday that it estimates there are currently close to 400 neobanks around the world, together serving nearly one billion client accounts. However, despite their lofty valuations, it found that only five percent of these challenger banks have managed to reach a breakeven point.

Malaysia’s home services platform Kaodim to cease operations next month

The prolonged COVID lockdowns and their “knock on” effects in the form of operational disruptions, labor shortages and higher running costs have significantly impacted its business and the quality of service.

Airasia Super App launches e-hailing service in Thailand

The Airasia Super App, which was officially launched in Thailand earlier in February announced Tuesday the start of operations for its e-hailing service, Airasia Ride in Bangkok. Thailand becomes the second country for Airasia Ride’s ASEAN expansion, and will offer taxi rides as part of its first phase of entry into the market.