Malaysia

Matrade, DNeX forge strategic collaboration to advance digital trade facilitation for Malaysian businesses

The Malaysia External Trade Development Corporation (MATRADE) and Dagang NeXchange Berhad (DNeX) have formalized a strategic collaboration through the signing of a memorandum of cooperation (MoC) to strengthen trade facilitation and accelerate the adoption of digital trade solutions among Malaysian businesses, particularly small and medium enterprises…

Malaysia’s Yinson GreenTech secures second Hydromover commercial charter in Singapore

MarinEV, the marine electrification business of Yinson GreenTech, has marked another milestone in the commercial adoption of electric harbour craft in Singapore, securing a one-year bareboat charter with HHH Marine & Logistics (HHH Marine) for Hydromover 1.0, marking its second Hydromover commercial charter in Singapore.

Australia’s Firmus, OpenAI to team up on Malaysia expansion of AI data centers

Australian AI infrastructure company Firmus and OpenAI will cooperate to expand AI data center capacity into Malaysia, a new market for the Australian infrastructure company, under a multi-year partnership to develop two sites there.

Power, water and connectivity are the new bottleneck in Malaysia’s AI era – BIMB

Power, water and connectivity are the new bottleneck in Malaysia's artificial intelligence (AI) era, BIMB Securities said on Thursday.

Malaysian manufacturing sector sees business use of AI outpaces factory transformation

Malaysian manufacturing sector sees business use of artificial intelligence (AI) outpaces factory transformation, a survey conducted by the Federation of Malaysian Manufacturing (FMM) showed on Thursday.

Paydibs launches sales-linked financing for Malaysian merchants

Paydibs has launched a six-month merchant financing service in Malaysia with repayments linked to weekly payment settlements and transaction activity.

KKR to buy minority stake in Malaysia’s Avisena Healthcare, to expand flagship hospitals

The United States-based investment firm KKR has agreed to buy a minority stake in Malaysia's Avisena Healthcare, a private hospital operator.

Eric Cheng, co-founder and group chief executive of CARSOME

Malaysia-based car e-commerce CARSOME reports $8.3M quarterly EBITDA in Q2

CARSOME reported Q2 EBITDA of about MYR 33 million, up 38 percent year on year, as vehicle sales and gross profit increased across Southeast Asia.

ROOMIE launches integrated payment gateway for hotels in Malaysia

Malaysia-based hotel technology company ROOMIE has launched an integrated payment gateway that brings regional payment methods into hotel guest journeys.

Malaysia’s approved investments up 11.7 percent, underpinned by data center and cloud projects

Malaysia's approved investments grew 11.7 percent year on year to MYR 218.5 billion ($54.27 billion), underpinned by data center and cloud projects, official data showed on Friday.