Malaysia
Malaysia’s TNB partners Perak state government to drive large-scale renewable energy initiatives
Malaysian utility firm Tenaga Nasional Berhad (TNB) has partnered with Perak state government to drive large-scale renewable energy (RE) initiatives. The firm is cooperating with the state government of Perak to explore the vast potential of floating solar systems in the vicinity of the Sungai Perak hydroelectric scheme, dam and reservoir.
Vietnam’s akaBot expands its reach into Malaysia
AkaBot, a Vietnam-based robotic process automation (RPA) solutions provider, has officially introduced the strategy to extend its services and solutions in the Malaysia market. The firm will offer Malaysian businesses in finance, banking, retail, and manufacturing a range of holistic solutions for automation and digitization, enhancing overall productivity…
Smart Malaysia launches all-new gen EV smart #1
Smart Malaysia, a unit of Chinese automaker Geely, has on Tuesday announced the official pricing for its all-new electric vehicle (EV), the smart #1. The prices of the smart #1 Pro, Premium and BRABUS are ranged from MYR 189,000 ($40,619) to MYR 249,000 ($53,514).
Malaysia and Singapore launch cross-border real-time payment systems connectivity
Malaysian central bank Bank Negara Malaysia (BNM) and Singapore central bank the Monetary Authority of Singapore (MAS) have jointly launched the real-time payment systems linkage between Malaysia’s DuitNow and Singapore’s PayNow.
Malaysia’s unicorn Carsome cutting “hundreds of jobs” to reach profit – report
Carsome “makes adjustments to its workforce where necessary,” the company said in an emailed response to Bloomberg's questions, declining to comment on specific numbers. “We remain committed to investing in all of our current markets and plan to accelerate profitable growth in 2024.”
Deloitte: Southeast Asia raises about $5.5 billion year to date, the lowest in eight years
Southeast Asia has raised approximately $5.5 billion via initial public offering (IPO) in the first 10.5 months of 2023, the lowest in eight years, Deloitte said Thursday. The total IPO raised down from $7.6 billion in 2022. Meanwhile, the IPO amount for the first 10.5 months of 2023 stands at 153, also down from 163 in the full year of 2022.
MYEG and Yayasan Chow Kit join hands to prepare youth for the Web3 era
MY E.G. Services Berhad (MYEG), a e-government service provider in Malaysia, has partnered with non-profit organization Yayasan Chow Kit (YCK) to foster digital inclusivity for marginalized youth in and around Chow Kit area in Kuala Lumpur.
US silicon battery company Enovix builds $1.2B high-volume manufacturing facility in Malaysia
Enovix Corporation, an advanced silicon battery company, will invest MYR 5.8 billion ($1.23 billion) to establish its first high-volume manufacturing facility (Fab2) in Malaysia. Further to the initial announcement in August 2023, the firm will invest over a period of 15 years, which includes the first manufacturing line amounting to MYR 315 million ($70…
Malaysian government and Google announce strategic collaboration
The government of Malaysia and global tech giant Google have on Thursday announced a strategic collaboration to create inclusive growth opportunities for more Malaysians and homegrown companies in the fast-growing digital economy.
Asahi Kasei, Gentari, and JGC team up for green hydrogen production in Malaysia
Gentari Hydrogen Sdn Bhd, a wholly-owned subsidiary of Petronas’ clean energy arm Gentari Sdn Bhd (Gentari), Japanese chemical firm Asahi Kasei and engineering firm JGC Holdings Corporation (JGC) have announced the completion of a detailed feasibility study for production of up to 8,000 tonnes per year of green hydrogen using a 60 megawatt (MW) class…
