News
Malaysia, Thailand ink ten MOUs for $47.28M potential digital exports
Malaysian tech companies and Thai partners have signed ten memorandums of understanding (MoUs) which are expected to generate over MYR 200 million ($47.28 million) in potential digital export opportunities for these local tech companies.
Malaysia’s tokenized asset market could reach $43B by 2030
Malaysia’s tokenized asset market could reach $43 billion by 2030, spanning regulated products such as unit trusts, bonds and sukuk, a whitepaper showed Wednesday.
Adyen Retail Report: 58 percent of Malaysians now use AI to shop, surpassing global average
Malaysian shoppers are increasingly embracing artificial intelligence (AI), with 58 percent saying they use it to enhance how they shop, a report showed Wednesday.
Singapore’s Carro preparing for US IPO with over $3B valuation – report
The unicorn is aiming for a valuation of more than $3 billion, Reuters reported.
Malaysia, Indonesia and Thailand expand local currency transaction framework
Bank Negara Malaysia (BNM), Bank Indonesia (BI) and the Bank of Thailand (BOT) have announced the appointment of additional qualified commercial banks to operationalize the Local Currency Transaction Framework (LCTF).
TransferMate receives In-Principle Approval from MAS to expand payment services in Singapore
TransferMate, a global embedded business to business (B2B) payments infrastructure as a service (IaaS) firm, announced Tuesday that its TransferMate Pte. Ltd. has received in-principle approval from the Monetary Authority of Singapore (MAS) to add account issuance, domestic money transfers and e-money issuance to its Major Payment Institution (MPI) license.
MEXC Ventures Invests in Indonesia’s crypto exchange Triv at $200M valuation to accelerate SEA expansion
MEXC Ventures, the investment arm of global cryptocurrency exchange MEXC, has announced a strategic investment in Triv, one of Indonesia's most established and prominent cryptocurrency exchanges, which currently holds a valuation of $200 million.
S P Setia partners Antler Ibex to launch Southeast Asia-vide AI & PropTech Challenge under Malaysia’s government initiative
Malaysia's property firm S P Setia Berhad has partnered with Antler Ibex, the corporate innovation arm of the early-stage investor Antler to launch of the Setia Al & PropTech Innovation Challenge.
SUNRATE secures Money Services Business license in Malaysia
SUNRATE, the Singapore-based payment and treasury management platform, announced Wednesday that the company has been awarded Approval-in-Principle (AIP) by the Bank Negara Malaysia (BNM) for a Money Services Business (MSB) license.
UPM and DNB partner to launch Malaysia’s first 5G-enabled AI Sandbox campus
Universiti Putra Malaysia (UPM) and Digital Nasional Berhad (DNB) have on Monday signed a memorandum of understanding (MoU) to establish Malaysia’s first 5G-powered unmanned aerial system sandbox for Beyond Visual Line of Sight (BVLOS) operations.
