News

Malaysian construction firm Gamuda Berhad has acquired a land in Port Dickson of Malaysia for MYR 424.4 million ($95.09 million) to develop cloud or data center infrastructure.

Singapore state-owned investor Temasek and Sweden global investment organization EQT Infrastructure IV have announced the sales of Indian renewable energy platform O2 Power to India-based power firm JSW Neo Energy for $1.5 billion.

As we usher into 2025, hoping for a better year, here are Southeast Asia’s top 10 tech news in 2024.

Malaysia's sovereign wealth fund Khazanah Nasional Bhd said on Friday it has invested into the Malaysia-based private equity Cambrian Fund and US artificial intelligence firm Syntiant Corp.

The Securities Commission Malaysia (SC) has reprimanded Bybit Technology Limited (previously known as Bybit Fintech Limited) (Bybit), and its Chief Executive Officer Ben Zhou (Yuchen Zhou) for operating a digital asset exchange (DAX) in Malaysia without registration.

Tamarind Health, a Singapore-based pan-Asian oncology-focused group backed by investors including Temasek unit 65 Equity Partners, is offering S$0.456 ($0.34) per share to privatize cancer specialist TalkMed Group.

Analysts have foreseen recovery for Malaysia's technology sector next year, underpinned by factors including artificial intelligence (AI) infrastructure investments.

PRO-NET, a subsidiary of Malaysia's national automaker Proton, announced Thursday that the Proton e.MAS 7, the company’s first electric vehicle (EV), has achieved over 2,500 bookings.

The Malaysian Communications and Multimedia Commission (MCMC) said Thursday that Telegram and Tencent (WeChat) have started the process of obtaining the required license to operate their platforms in Malaysia.

Maybank Investment Bank said the renewable energy sector outlook in Malaysia remains robust, as earnings recognition for engineering, procurement, construction, and commissioning (EPCC) works on the 800MW Corporate Green Power Program (CGPP) projects commence.