On location

Penguin Securities, a Singapore-based financial institution, has been granted a Capital Markets Services (CMS) license by the Monetary Authority of Singapore (MAS).

Over 4,300 startups onboarded, 17,000 individuals supported, and MYR 100+ million ($22.8 million) in investment secured last year, MYStartup Annual Report 2023/2024 showed Tuesday.

Women-owned businesses, defined as 51 percent owned, managed, and controlled by one or more women, are on the rise, with micro and small women entrepreneurs (MSWEs) make up 21 percent of small and medium enterprises (SMEs) in Malaysia, a study by Strive Malaysia showed Tuesday.

Juspay, a global payment infrastructure solutions firm, has announced the opening of a new office in Singapore.

The Malaysia Digital Economy Corporation (MDEC) and Zhejiang University have recently signed a letter of intent (LOI) to collaborate on digital transformation, artificial intelligence (AI) ecosystem and smart cities based on the ‘Zhejiang Model’, a successful digital governance transformation framework.

Stellantis and Leapmotor have marked a pivotal milestone in the region’s electrification journey with the local assembly of Leapmotor vehicles in Malaysia, signaling the start of Leapmotor’s local assembly plans in Malaysia.

With this fresh capital, the company plans to scale its product offerings, strengthen its global footprint across Asia and Middle East while expanding to Australia, Europe and North Asia and invest in talent and infrastructure to ensure that their clients achieve maximum impact from onboarding to long-term value realisation.

The Monetary Authority of Singapore’s (MAS) Cyber and Technology Resilience Experts (CTREX) Panel has proposed ways to enhance technology resilience and tackle emerging threats.

Malaysia’s Next Gen 5G network provider U Mobile has entered into a strategic agreement to transfer its merchant acquiring business, GoBiz, to NTT DATA Cardpay, a subsidiary under NTT DATA Payment Services Sdn. Bhd. (formerly known as GHL Systems Berhad).

Singapore's asset manager and operator Keppel Ltd. has secured close to S$2 billion ($1.53 billion) of capital commitments from global institutional investors for its Keppel Data Center Fund III (KDCF III), Keppel Education Asset Fund II (KEAF II) and Sustainable Urban Renewal (SUR) strategy, representing approximately S$4.9 billion ($3.74 billion) in funds…