Malaysia

TNG Digital could potentially fetch the valuation of a unicorn (with a valuation of $1 bilion or more) before the potential IPO, the sources added.

Malaysia External Trade Development Corporation (MATRADE) has concluded a cooperation with HYT Cross Border Sdn Bhd on Thursday as part of its ongoing efforts to enable and empower Malaysia micro, small and medium enterprises (MSMEs) to begin their cross-border journeys and assist those who are currently expanding into the region.

Boost Bank, Malaysia-based homegrown digital bank, announced on Thursday the upcoming launch of its SME Financing services in early October.

Under this linkage, consumers and merchants in both countries will be able to make and receive instant cross-border QR payments.

Survey shows 87 percent of Proton Holdings Bhd's suppliers intend to collaborate with China suppliers in electric vehicle (EV) component, the Malaysian national automaker said Wednesday.

Both MYEG and FMFF agreed to work together on several initiatives related to the positioning of ZTrade as the NSW for domestic trade as well as cross-border trade to and from Malaysia.

Bursa Carbon Exchange (BCX), a wholly-owned subsidiary of Bursa Malaysia Berhad (Bursa Malaysia), has announced the successful go-live of its renewable energy certificates (RECs) continuous trading on September 9, 2024.

NEXTDC Ltd, an Australian data-center operator, is eyeing a AUD 2.9 billion ($1.9 billion) syndicated loan from banks to expand its operations in Asia, including Malaysia, as demand for digital infrastructure surges, Bloomberg reported.

OutSystems was last publicly valued at $9.5 billion after raising a $150 million Series E in February 2021, but Forbes reported that the valuation halved to $4.3 billion after its last fundraising round in October 2022.

The Malaysia-based Selangor Information Technology and Digital Economy Corporation (Sidec) has announced the launching of the Twin Accelerator Program which comprises the seventh cohort Selangor Accelerator Program (SAP24) and the second cohort of Selangor E-Commerce Xccelerator (ECX24).