News
AirAsia X shareholders back acquisition of Capital A’s aviation business
Malaysia-based low cost carrier AirAsia X (AAX) announced that its shareholders expressed strong support for the proposed acquisition of Capital A’s entire equity interest in the aviation business within AirAsia Aviation Group Limited (AAAGL) and AirAsia Berhad (AAB) for MYR 6.8 billion ($1.58 billion), during the extraordinary general meeting (EGM) held on…
MOSTI announces seven local startups as winners of MYHACKATHON 2024 Cohort 1
The Ministry of Science, Technology and Innovation (MOSTI) of Malaysia and its agency, Cradle Fund Sdn. Bhd. (Cradle), have announced the list of seven winners for the MYHackathon 2024 Cohort 1 program.
Malaysia’s online crime cases increase 35.5 pct in 2023 with e-commerce crime accounts for 33.2 percent
Malaysia's online crime cases increased 35.5 percent year on year to 34,532 cases in 2023 from 25,479 cases in the previous year, with e-commerce crime accounted for 33.2 per cent, official data showed Wednesday.
UBS sees Malaysia’s green technology, data center as sectors of interest for foreign investors
Malaysia's green technology and data center are some of the sectors of interest for foreign investors, UBS said in its recent note.
Khazanah Nasional to launch initiatives to advance Malaysia’s venture capital ecosystem
Malaysia's sovereign wealth fund Khazanah Nasional Berhad (Khazanah) will launch the Emerging Fund Managers’ Program (EMP) and the Regional Fund Managers’ Initiative (RMI) under the National Fund-of-Funds (NFOF) to boost the country's venture capital ecosystem.
UAE’s DAMAC announces $1B investment in data center projects, forms strategic JV with Thai-based PROEN
The Asia-Pacific data center market is also projected to experience significant growth. The market size is estimated at 14.27 thousand MW in 2024 and is expected to reach 23.2 thousand MW by 2029, growing at a CAGR of 10.21 percent.
Malaysia EV market slows amid consumer worries over charging docks & high maintenance costs
The Malaysian car market, which is traditionally dominated by petrol vehicles, is now witnessing a gradual shift in interest towards EVs – with 25 percent of Malaysians being interested in buying an EV, driven by rising fuel costs and environmental considerations.
Malaysia Retail Chain Association collaborates with Maxis to drive 5G technology adoption in the retail sector
Malaysia Retail Chain Association (MRCA), a 562-member organization representing Malaysian retailers and Maxis, a Malaysia-based integrated telco, have signed a memorandum of understanding (MoU) to drive the adoption of 5G technology solutions in bolstering the domestic retail sector.
Singapore finance platform Aspire receives in-principle approval for major payment institution licence from MAS
The MPI license will enable Aspire to expand this suite of services, offering even more comprehensive and secure financial solutions to its rapidly growing customer base of over 50,000+ companies worldwide.
Shareholders greenlight Capital A’s aviation business disposal to AirAsia X
Malaysia-based Capital A Berhad announced Monday that shareholders have voted in favor of the proposed disposal of the group’s aviation business to AirAsia X (AAX) at an extraordinary general meeting (EGM).
