Malaysia
Tencent subsidiary’s WeChat Malaysia granted Malaysia Digital status, to expand local operations
WeChat Malaysia Sdn. Bhd., a subsidiary of Chinese tech giant Tencent, has been awarded “Malaysia Digital” (MD) status by the Malaysia Digital Economy Corporation, marking a step in the company’s expansion within Malaysia’s digital sector.
Financial-payment platform Airwallex ready for full commercial launch in Malaysia
Airwallex, co-headquartered in Singapore and California, has received approval from Bank Negara Malaysia, the central bank of Malaysia, for its e-money issuing and Class A licences, enabling the company to offer a broader range of payment services in Malaysia.
Maybank sees 2026 a pivotal year for EV-related FDIs in Malaysia
2026 would be a pivotal year for electric vehicle (EV)-related foreign direct investments (FDIs) in Malaysia following the expiry of completely built-up (CBU) incentives, Maybank Investment Bank said Tuesday.
CIMB sees Malaysia to emerge as ASEAN’s largest sustainable data center hub
Given the breakthroughs in clean energy and green infrastructure, CIMB Securities firmly believes that the pipeline of data center jobs remains intact in Malaysia, which is on track to become ASEAN’s largest sustainable data center hub.
Malaysia’s insurtech firm PolicyStreet raises $21M in Series C funding round
Malaysia-founded PolicyStreet has secured RM84 million (US$21 million) in the first close of its Series C funding round, the insurtech firm said in a press release on Wednesday.
Malaysia’s digital banks collectively served 2.4M customers, with total deposits of $1.04B by end of 2025
All five digital banks have collectively served 2.4 million customers, with total deposits of MYR 4.2 billion ($1.04 billion) in Malaysia by end of 2025, its central bank's annual report showed Tuesday.
Maybank completes on-chain tokenized FX and cross border payment via MYR-SGD corridor
Malaysia's largest lender Maybank has successfully completed the first transaction under its inaugural pilot project for tokenized deposits and cross-border payments with Yinson Holdings Berhad, a Malaysia-based energy infrastructure company.
IFC backs Southeast Asia’s first semiconductor-grade polysilicon plant in Malaysia with $125M
The World Bank Group’s private-sector arm, the International Finance Corporation (IFC), is partnering with OCI TerraSus Sdn. Bhd., a subsidiary of South Korea’s OCI Holdings, to build Southeast Asia’s first semiconductor-grade polysilicon plant in Malaysia, backed by $125 million in IFC funding.
Kenanga foresees heightened external risks for Malaysia’s technology sector
Kenanga Research has on Friday downgraded Malaysia’s technology sector rating to neutral from overweight as external risks have intensified, particularly from global memory tightness, supply-chain fragility and persistent cost pressure across the value chain.
KWAP to commit $47M in Malaysia’s Lestari Cooling Energy
Malaysia’s national public sector pension fund Kumpulan Wang Persaraan (Diperbadankan) (KWAP) is expected to commit up to MYR 190 million ($47.38 million) of capital in Lestari Cooling Energy Sdn. Bhd.
