Malaysia
Malaysia’s Hatten Land signs agreement with new partner for crypto mining activities
Hatten Land Limited and together with its subsidiaries, announced Thursday that its wholly-owned subsidiary Hatten Edge Pte. Ltd. has entered into a crypto mining facility and support services agreement with a new business partner, where up to 550 crypto mining rigs can be added to the group's crypto mining activites and deployed across its crypto mining…
Malaysia to enact laws to better regulate ‘Buy Now Pay Later’ schemes
Southeast Asia super app Grab and Sea Ltd’s e-commerce platform Shopee have started providing BNPL options in Malaysia since last year. Advance Intelligence Group’s Atome, Pine Labs’ Fave, Allectus Capital-backed Hoolah, 500 Startup-backed Split are among the FinTech startups that provide such services in the country.
Consortiums partnering banks, e-wallets have an upper hand to bag Malaysia digital bank licenses
Consortiums partnering with financial institutions and e-wallet operators will have an upper hand in securing a digital banking license in Malaysia, according to analysts.
Malaysia’s private equity and venture capital funding up 26.75% to $3.52B in 2021
Malaysia's total committed funds for private equity and venture capital rose 26.75 percent to MYR14.83 billion ($3.52 billion) in 2021 from MYR11.7 billion ($2.78 billion) in 2020, according to Securities Commission Malaysia's (SC) 2021 annual report revealed on Monday.Total committed funds under management for private equity increased to MYR9.65 billion…
Malaysia’s Petronas partners Waygate Technologies to commercialise co-developed robotic inspection solution
Petroliam Nasional Berhad (Petronas)'s technology commercialization arm Petronas Technology Ventures Sdn Bhd (PTVSB) said Friday it has entered into a partnership with Waygate Technologies Robotics AG (WTR) to commercialise a jointly developed robotic inspection device and scale its utilisation in the oil and gas industry. Based on the BIKE robotic system,…
FinTech continues to be a hot sector in Southeast Asia after a booming 2021
FinTech will continue to be one of the hottest sectors in Southeast Asia after investors pumped record amounts into the region’s FinTech firms last year.
Securities Commission Malaysia registers two initial exchange offering operators
The Securities Commission Malaysia (SC) announced Wednesday that it has registered two initial exchange offering (IEO) operators, Kapital DX Sdn Bhd and Pitch Platforms Sdn Bhd, to promote responsible innovation in the digital assets space. The registered IEO operators will provide an alternative avenue for eligible companies to raise funds via the…
Malaysia’s iPrice Group raises $5M from Itochu Corporation and KDDI Corporation
iPrice Group, Malaysia-based price comparison platform, announced Wednesday that it has raised $5 million of additional funding led by Japan-based firms Itochu Corporation and the KDDI Open Innovation Fund III (operated by Global Brain Corporation). The additional funding will bolster iPrice’s role in finding shoppers the best deals as Southeast Asia’s…
Malaysia’s Touch ‘n Go eWallet and Singapore’s Dotlines collaborate to include migrants into the cashless society
Touch ‘n Go eWallet announced Monday that it is collaborating with Singapore's Dotlines to provide digital solutions for migrants in Malaysia. A cashless society is now closer than before, and with this collaboration, the migrant community can fully embrace and be part of the cashless society.
Carsome and Public Bank sign MoU for car financing collaboration
Malaysian lender Public Bank said Friday the bank and Carsome has officially signed a Memorandum of Understanding (MoU) for greater business collaborations. With this MoU, the bank will be able to provide stock-financing and end-financing arrangement for the vehicles to its member Car Dealers and individual purchasers who have won the bids through Carsome…
