Malaysia

Development Bank of Singapore (DBS) has provided an AUD 207 million ($137 million) green loan to Malaysia's largest pension fund Retirement Fund (Incorporated) (KWAP) to refinance a Grade A green office tower in Australia.

Grab-backed digital bank GX Bank Berhad (GXBank) has officially opened its app to millions of Malaysians. Looking ahead, GXBank will progressively be rolling out additional features which will also include their debit card – GX card and how its various features will benefit Malaysians, GXBank said in a statement on Thursday.

The Board of Cradle Fund Sdn Bhd (Cradle), Malaysia’s focal point agency for Malaysian startup ecosystem under the Ministry of Science, Technology and Innovation (MOSTI), has announced the appointment of Norman Matthieu Vanhaecke as the Group Chief Executive Officer (GCEO), effective November 23, 2023.

Singapore-based digital finance platform Funding Societies has partnered with a Halal Development Corporation Berhad (HDC), a Malaysian federal government agency under the Ministry of International Trade and Industry (MITI), to enhance financing access to halal small and medium-sized enterprise (SMEs).

Malaysia-based digital media firm Catcha Digital Berhad is acquiring 51 percent equity interest in digital agency, DS Services Sdn Bhd or more commonly known as “Digital Symphony” among industry players for MYR 21.17 million ($4.55 million).

The Malaysian Research Accelerator for Technology and Innovation (MRANTI) has supported 191 Malaysian companies to accelerate since 2020. In 2023, its National Technology and Innovation Sandbox (NTIS) spearheaded by MRANTI has enabled 27 Malaysian technology companies to commercialize 27 products, turning in MYR 87.2 million ($18.67 million) in sales.

Airo, a brand of CP Global Fintech Solutionshas made its official entry into the fintech arena as Malaysia’s first actively managed digital investment platform.

Bursa Malaysia Berhad and UN Global Compact Network Malaysia & Brunei (UNGCMYB), an official local network of the United Nations Global Compact (UNGC), have announced a collaboration to jointly explore the development of sustainability-focused capability and capacity building programs that are specifically designed for the Malaysian marketplace.

Malaysia-based integrated telecommunications and digital infrastructure services provider REDtone Digital Berhad (REDtone) and American spacecraft manufacturer SpaceX have inked an authorized reseller agreement to offer Starlink satellite-based high speed internet services across Malaysia.

Startup Week Malaysia is a weeklong celebration dedicated to educating, inspiring, and connecting entrepreneurs across the nation. Inaugurated in 2023, the series is powered by a coalition of organizations that are at the forefront of nurturing startups and fortifying the entrepreneurial ecosystem in Malaysia.