News
AirAsia MOVE’s revenue up 29 percent quarter on quarter in 4Q
Malaysia-based Capital A online travel agent (OTA) platform AirAsia MOVE has improved its growth trajectory in the fourth quarter from the preceding quarter, closing with MYR 166 million ($37.22 million) in revenue, up 29 percent quarter-on-quarter.
VinFast inks deal with Motech to expand service workshop network in the Philippines
Vietnamese automaker VinFast and Motech Automotive Service Centers, through its franchisor and operator in the Philippines, have officially signed a memorandum of understanding (MOU) on expanding the service network for VinFast electric vehicles in the market.
Maybank: AI remains positive amid struggling Thai ETRON sector
Maybank Investment Bank opined that artificial intelligence (AI) remains positive amid struggling Thai electronics (ETRON) sector.
Maybank trims Grab’s FY25 adjusted EBITDA by 23 percent
Maybank Investment Bank has trimmed Singapore-based superapp Grab's FY25 adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) by 23 percent, which is still remains above the company’s guidance.
CGS offers Malaysia’s first publicly available CME Crypto Futures
CGS International Futures Malaysia (CGS MYF), the futures broking division of an integrated financial services company CGS International Securities Malaysia (CGS MY), has on Thursday announced the launch of the first publicly available CME Crypto Futures contracts in Malaysia for the two largest cryptocurrencies by market capitalization, Bitcoin (BTC) and…
Nokia to modernize data center infrastructure for Malaysia’s Maxis
Finnish multinational telecommunications firm Nokia has on Friday announced a significant upgrade to the data center infrastructure of Maxis, a Malaysia-based integrated telecommunications provider, aimed at enhancing connectivity and scalability with Nokia’s data center switches and event-driven automation (EDA) platform.
Taiwanese AI firm Crescendo Lab expands to Singapore
Taiwanese artificial intelligence (AI) firm Crescendo Lab has expanded to Singapore to boost AI-powered conversational commerce Across Southeast Asia.
Singtel partners Qualcomm Technologies for telco trial of AI-enabled Home WiFi Gateway
Singapore Telecommunications (Singtel), in collaboration with Qualcomm Technologies, have on Friday announced the successful completion of a Proof of Concept (POC) of an artificial intelligence (AI)-enabled Home WiFi Gateway that intelligently identifies and prioritizes traffic based on the application type.
Malaysia’s Ficus Capital invests $430,000 in Singapore’s Web 3 firm in Morpheus Labs
Ficus Capital, a Malaysia-based environmental, social, and governance (ESG) Islamic-compliant venture capital firm, announced Tuesday its strategic investment of $430,000 in Morpheus Labs, an artificial intelligence (AI)-powered Web3 implementation platform based in Singapore, as it initiates its Pre-A Funding round.
Malaysia’s digital investments hit record high at $37B in 2024
Digital investments in Malaysia hit a record MYR 163.6 billion ($36.81 billion) in 2024, compared to MYR 46.8 billion ($10.53 billion) in 2023, driven by a stable government and pro-business policies in reinforcing the country’s reputation as a regional tech hub, Malaysia Digital Economy Corporation (MDEC) said Thursday.
