News

Xendit, a unicorn startup based in Indonesia, has entered the Thai market by offering comprehensive digital payment solutions and embedded finance, aiming to enhance the growth potential of Thailand’s digital economy.

MyTukar powered by Carro, Malaysia’s used car ecosystem, has renamed to Carro, signifying a move that will bring more of Carro’s cutting-edge technologies, products, and services to Malaysian customers.

Singapore-based semiconductor firm Silicon Box intends to invest up to $3.6 billion in new chip plant in Italy. The semiconductor assembly and test facility in Northern Italy will help meet critical demand for advanced packaging capacity to enable next generation technologies that Silicon Box anticipates by 2028.

94 percent of ASEAN+ Chief Investment Officers deem artificial intelligence (AI) critical for business in 2024, but only 11 percent invest in generative AI (GenAI), Lenovo study showed Tuesday.

Throughout the two-month long GXA program, these startups were immersed in Malaysia’s vibrant ecosystem, leveraging the extensive networks and support of Sunway Group, JETRO Kuala Lumpur, and knowledge partners, such as the Malaysia Investment Development Authority (MIDA).

Malaysian lender Malayan Banking Bhd (Maybank) and clean energy firm Gentari have on Monday announced a significant step towards a more sustainable future with the signing of a memorandum of understanding (MOU) to explore collaboration in green mobility and renewable energy solutions.

Animoca Brands, the Hong Kong-based company advancing digital property rights for gaming and the open metaverse, has on Monday announced that it has entered into a Memorandum of Understanding (MOU) with King Abdulaziz City for Science and Technology (KACST) to collaborate to advance the Web3 and gaming ecosystem in the Kingdom of Saudi Arabia (KSA).

Malaysian sovereign fund Khazanah Nasional said Monday that it aims to provide additional MYR 600 million ($128 million) in 2024 to support startups in Malaysia.

The Minister of Science, Technology and Innovation (MOSTI) welcomes China’s participation to accelerate science and technological innovation and deepen cooperation in all aspects, including interconnectivity, digital economy, green economy, modern agriculture and biomedicine.

In response to China's new policies to facilitate international visits, Chinese fintech firm Ant Group is raising single-transaction limit for international travellers using its cross-border payment services from $1000 to $5000; and annual cumulative transaction limit up from $10,000 to $50,000.