Malaysia
Grab Financial Group partners Sedania to provide Shariah-compliant financing to Malaysian drivers
Grab financial arm Grab Financial Group (GFG) Malaysia and Sedania Innovator Bhd’s fintech subsidiary Sedania As Salam Capital Sdn Bhd (SASC) announced Friday they are partnering to officially offer Grab Cash Financing-i, a Shariah compliant* financing product, to eligible Grab driver- and delivery-partners in Malaysia. Grab Cash Financing-i aims to provide…
Malaysia’s Carsome acquires majority stake in Singapore integrated automotive firm CarTimes Automobile
Malaysia-based integrated car e-commerce platform Carsome Group Pte Ltd (Carsome) announced Thursday the acquisition of 51 percent stake in Singapore integrated automotive firm CarTimes Automobile Pte Ltd (CarTimes). Carsome said the acquisition is an important move that further strengthens its market leadership in the region, and reinforces its commitment…
Malaysia’s MRANTI to open new learning and development centre to ramp up technology-savvy talent pool and innovation portfolio
The Malaysia Research Accelerator for Technology and Innovation (MRANTI) will be opening a 2,000 square feet MakersLab in May, to ramp up its technology-savvy talent pool and its innovation portfolio, putting Malaysia further along the path to achieve a high-income country status. The new learning and development centre will offer a spectrum of 4IR focused…
Malaysia’s drone tech hub ambition: Opportunities & Challenges [Part 2]
In Part 2, we focus on the challenges faced by drone tech startups, the Malaysia government’s initiatives to support the industry and some suggestions from drone tech companies.
Malaysia’s Carsome buys 51% stake in Singapore used car dealer CarTimes for $60M – report
The news comes as Carsome is said to be preparing for an initial public offering in the US later of the year.
Malaysia Aviation Group partners with hoolah for travellers in Malaysia, SG, HK to pay for flights over time
Malaysia Aviation Group (MAG) announced Tuesday a regional partnership with hoolah to provide a seamless and convenient payment option for travellers. Through this collaboration, travellers in Malaysia, Singapore and soon Hong Kong, can now book their getaway with MAG’s main airline, Malaysia Airlines online and pay for their flights via hoolah’s flexible…
AirAsia Parent Capital A unable to get $120M govt-guaranteed loan
Capital A is exploring other available debt financing alternatives with acceptable terms suitable to the operations and financing requirements of the company.
AWS signs new Cloud Framework Agreement with Malaysia govt to power public sector innovation
Amazon Web Services (AWS) has signed a new Cloud Framework Agreement (CFA) with the Malaysian government, together with local information technology (IT) provider and AWS partner Radmik Solutions Sdn Bhd to help accelerate cloud adoption in the public sector and help agencies save costs, boost digital skills, and drive innovation.
Malaysia’s MYEG launches global NFT marketplace known as NFT Pangolin
MY E.G. Services Berhad (MYEG) announced Thursday the company’s official entry into the non-fungible token (NFT) space with the launch of NFT Pangolin. The global NFT marketplace supports the issuance and trading of NFTs and is set to operate on the soon-to-be-launched Zetrix Layer 1 blockchain network which serves as a parallel chain to the International…
Carsome appoints Digbijoy Shukla as Head of M&A, Ecosystem Strategy
Carsome Group (Carsome) has appointed Digbijoy Shukla as its Head of Merger and Acquisition and Ecosystem Strategy. In this new role, Shukla’s key responsibility is to develop an end-to-end ecosystem strategy for Carsome to ensure a seamless experience throughout the automotive ownership journey. It includes staying close to the automotive ecosystem in…
