Malaysia

Malaysian Prime Minister too, tries to court Tesla to invest in the country – report

Malaysia Prime Minister Ismail Sabri Yaakob has suggested US-headquartered electric vehicle maker Tesla to invest and produce electric car in the country as he presented Malaysia…

Grab said to be eyeing stake in Malaysia’s sixth largest banking group AmBank – report

Singapore-headquartered ride-hailing and food delivery giant Grab Holdings Inc is said to be eyeing a stake in AMMB Holdings Bhd (AmBank), Malaysia's sixth-largest banking group…

Malaysia has no plans for more digital banking licenses – report

Malaysia has no plans to issue more digital banking licenses, according to Bank Negara Malaysia Governor Nor Shamsiah Mohd Yunus. “At this point, we have no plans to issue any…

Malaysia’s unicorn Carsome’s part of KAF-led consortium winning digital bank license

Southeast Asian used car marketplace Carsome is part of KAF Investment Bank's consortium which recently awarded a digital banking license in Malaysia. "Yes, we are excited to…

Malaysia’s unicorn Carsome acquires WapCar & AutoFun Businesses

Southeast Asia’s used car e-commerce platform Carsome Group announced on Thursday the acquisition of digital automotive content businesses under brands of WapCar and AutoFun from…

LottieFiles raises $37M Series B funding led by Square Peg Capital

US and Malaysia-based motion graphics platform LottieFiles announced Wednesday a $37 million Series B funding round, led by Square Peg Capital, with additional participation from…

Grab-led digibank consortium to focus on local micro-SMEs, gig economy workers

Grab Holdings Limited said Friday that the digital bank consortium comprising GXS Bank Pte. Ltd., its digital bank joint venture with Singapore Telecommunications Limited…

GRAB-Singtel, Axiata’s Boost-RHB, Sea Ltd-YTL, AEON Credit consortiums among winners of Malaysia digital banking licenses

Bank Negara Malaysia announced on Friday the five successful applicants for the digital bank licenses as approved by the Minister of Finance Malaysia. The country will have three…

Malaysia to announce digital banking license winners as early as Friday – report

Bank Negara Malaysia is expected to announce the successful applicants for its digital bank licenses on Friday (Apr 29), local media theedgemarkets.com reported, quoting sources.…

Malaysia’s e-commerce platform Shoppymore eyes 10 times more sellers & regional expansion

Malaysia’s newest e-commerce website Shoppymore aims to attract 1,000 sellers on its platform and targets a revenue of MYR10 million ($2.3 million) this year as it eyes expansion…