Malaysia

Malaysian Islamic digital bank AEON Bank (M) Berhad and electronic sports governing body Malaysia Esports Federation (MESF) have teamed up to nurture E-Sports talents among local youth.

Malaysia's state-owned oil and gas firm Petroliam Nasional Berhad (Petronas) has launched the fourth edition of its accelerator program, FutureTech 4.0, aimed at scaling innovative solutions that addresses real-world industry challenges and redefine the future of energy.

PolicyStreet, a Malaysian insurtech company, has announced the launch of the Furniture Protection Plan (FPP) in partnership with Ashley Furniture HomeStore, with an intuitive claims portal set to launch in mid-May to further simplify furniture insurance.

GXBank has signed a memorandum of understanding with the Malaysia Digital Economy Corporation (MDEC) to drive digital transformation of micro, small and medium enterprises (MSME) in Malaysia.

Grab Malaysia said it recognises the government’s holistic approach to fostering inclusive economic growth by driving digitalisation to empowering MSMEs.

Malaysian telecommunications firm Axiata Group Berhad and Indonesian conglomerate Sinar Mas said shareholders of PT XL Axiata Tbk, PT Smartfren Telecom Tbk, and PT Smart Telcom have formally approved the merger of the three companies into XLSMART.

Asia-focused venture capital firm Gobi Partners has invested into SkyeChip, a semiconductor integrated circuit (IC) design company in Malaysia.

The Football Association of Malaysia (FAM) and Malaysian online used car trading platform Carsome have announced a two-year partnership worth nearly MYR 2 million ($451,000), naming Carsome as the official automotive partner and reinforcing their shared commitment to strengthening Malaysian football.

Malaysian telecommunications firm YTL Communications has signed two Memorandums of Understanding (MOUs) with global digital infrastructure firm Equinix and laser communications technology firm Transcelestial to bring global artificial intelligence (AI) cloud connectivity and laser-based wireless technology to Malaysia.

Malaysia's digital media firm Catcha Digital is acquiring 92.5 percent stake in banking software firm Theta Service Partner for MYR 35 million ($7.9 million).