Malaysia

Aolani, a Singapore-founded neocloud artificial intelligence (AI) firm, announced Monday it has signed Letters of Intent to take up 500 megawatt (MW) of AI data center capacity in Malaysia.

Malaysia-based insurer Tune Protect has launched TPXtra, a digital platform that brings insurance protection, associated services and travel-related benefits into a single account. The company announced the launch on October 15, positioning it as…

Cashku, a Malaysian digital wealth platform that describes itself as AI-native, has partnered with fund management Muamalat Invest to widen its range of Shariah-compliant investment products.

The investments support the broader aspirations of the Thirteenth Malaysia Plan (RMK13) and the Bumiputera Economic Transformation Plan 2035 (PuTERA35) to strengthen strategic industries, develop homegrown capabilities and enable more Bumiputera companies to participate in high-growth, high-value (HGHV) sectors.

Malaysia’s 2027 budget maintains a gradual reduction in the fiscal deficit despite elevated subsidy and social-support spending, with a general election due by February 2028. The deficit target of 3.3 percent of GDP, from a slightly upward revised 3.6 percent in 2026, preserves the government’s medium-term consolidation path, Fitch Ratings said.

Salary Hero, a Bangkok-based financial health platform, has raised $7.6 million in Series A equity funding.

A group of seven banks has arranged an expanded multi-currency financing package of MYR15 billion ($3.7 billion), for DayOne Data Centers, a Singapore-headquartered digital infrastructure company.

Bitdeer Technologies Group, a Singapore-headquartered technology company for AI and Bitcoin mining infrastructure, has signed an eight-year data center services agreement for a 60-MW facility in Malaysia.

The expansion, made through a partnership with Thailand-based market-access and B2B consultancy RevSEA, kicked off last month with the launch of an 18-month gamified marketing campaign for one of Myanmar’s largest e-wallet providers.

The MoU builds on the existing relationship between GENM and Alibaba Cloud, following their previous collaboration with Genting SkyWorlds Theme Park, where AI and cloud technology was explored to support the guest experience.