News
Analysts see renewable energy export a new growth driver for Malaysia
Analysts view the Malaysian government's move to set up an energy exchange platform to facilitate cross-border trading of renewable energy positively as it will boost the country's renewable energy industry.
Softbank-backed Carro seeks valuation above $2B as it prepares for IPO- report
Carro is raising capital during one of the hardest possible times for fledgling firms. The Southeast Asia technology industry has been plagued by job cuts, CEO resignations and falling startup valuations, making it difficult for companies to debut on public markets.
Malaysia sets up energy exchange for cross-border green electricity sales
In line with Malaysia’s energy transition aspiration and commitment to support regional power integration via the ASEAN Power Grid Initiative, the government of Malaysia has agreed to establish Energy Exchange Malaysia (ENEGEM) for cross-border green electricity sales to neighboring countries.
Study: SEA’s 13 decarbonization investment ideas present $150B green economy market opportunities
Bain & Company, GenZero, Standard Chartered and Temasek have in their recent report highlighted top 13 decarbonization investment ideas in Southeast East Asia which present $150 billion green economy market opportunities.
Vietjet Air Cargo, Teleport deepen partnership with exclusive commercial rights on first key lane
Teleport, a Malaysia-based integrated logistics solutions provider, announced Monday that it will be managing the exclusive commercial rights of Vietjet Air Cargo’s New Delhi – Ho Chi Minh City belly space.
BII partners FMO to offer $50M financing facility to support commercial and industrial renewables sector in South-East Asia
British International Investment (BII), the United Kingdom's development finance institution and impact investor, and FMO, the Dutch entrepreneurial development bank, have on Monday announced a joint loan commitment of $50 million to BECIS, a leading energy-as-a-service (EaaS) provider in South-East Asia.
Bandar Utama City Centre appoints Solarvest to install solar panels on mall
Malaysia-based Bandar Utama City Centre Sdn Bhd (BUCCSB), the operator of 1 Utama Shopping Centre (1 Utama), has appointed Solarvest Energy Sdn Bhd, a wholly-owned subsidiary of clean energy expert Solarvest Holdings Berhad (Solarvest), to install Malaysia’s largest on-site solar photovoltaic (PV) panels and building-integrated photovoltaic (BIPV) panels…
Analysts foresee electric vehicle growth potential in Malaysia
Analysts have foreseen growth potential of electric vehicles in Malaysia, underpinned by new models launching and regulatory push. However, the opined that the MYR 100,000 ($20.965) pricing floor currently imposed on completely built units CBU EVs, remained a hurdle for EVs adoptions.
Toyota Ventures raises another $300M to expand early-stage investments in frontier technology, climate solutions
Toyota Ventures, the early-stage venture capital arm of Toyota, has announced a total of$300 million funds to expand its investments in startups developing disruptive technologies and business models at the forefront of innovation.
Malaysia to launch Single Window Initiative to strengthen startup ecosystem
The Ministry of Science, Technology and Innovation (MOSTI) of Malaysia will be launching the Single Window Initiative to strengthen the country’s startup ecosystem by streamlining processes and consolidating resources under one platform.
