Malaysia
MDEC aims to push for 25.5 percent digital economy contribution to Malaysia’s GDP by end-2025
The Malaysia Digital Economy Corporation (MDEC) said Monday it is dedicated and committed to support Malaysia in achieving or surpassing the 25.5 percent digital economy contribution to gross domestic product (GDP) by year-end through initiatives that catalyze digital transformation, talent development and technology adoption across businesses.
SC introduces regulatory sandbox to facilitate innovation
The Securities Commission Malaysia (SC) has on Monday released its Regulatory Sandbox Guidelines, detailing the eligibility criteria and requirements for participation.
Malaysia, Indonesia and Thailand’s central banks adopt local currency transaction framework operational guidelines
Central Banks of Malaysia, Indonesia and Thailand said Monday they will harmonize and broaden the scope of local currency transaction framework to encourage transactions in local currencies.
AirAsia MOVE’s monthly active users and number of transactions up quarter on quarter in fourth quarter 2024
Malaysia-based Capital A’s online travel agent (OTA) platform AirAsia MOVE has achieved higher monthly active users (MAUs) and number of transactions during the fourth quarter of 2024, driven by continuous improvements of the platform.
NCT partners with OM Charge to build EV infrastructure at NSIP
Malaysia’s Managed Industrial Park (MIP) NCT Group of Companies, has partnered with OM Charge Sdn. Bhd to create a more sustainable transportation ecosystem at NCT Smart Industrial Park (NSIP).
AEON Bank and MADCash team up to launch program to empower female microentrepreneurs
Malaysia-based Islamic digital bank AEON Bank (M) Berhad has embarked on a strategic collaboration with fintech enabler focusing on female empowerment MADCash Sdn. Bhd. to empower 100 female entrepreneurs from B40 communities to kickstart their businesses and grow their entrepreneurial skills.
EY unveils AI innovation centre to propel Malaysia’s technological advancement
The AI Innovation Center is a nexus of three core components: the AI Lab, AI Academy, and AI Research. The AI Lab provides a secure space to test and refine AI concepts; the AI Academy is dedicated to empowering individuals and organizations with AI knowledge; and AI Research is committed to advancing the frontiers of AI solutions.
CGC Digital, Funding Societies, and FarmByte team up to support agricultural financing in Malaysia
Malaysia-based fintech firm CGC Digital, Singapore-based financing platform Funding Societies | Modalku (Funding Societies), and Malaysia-based agricultural digital service firm FarmByte have teamed up to support agricultural financing in Malaysia.
AirTrunk plans to develop its second cloud and AI-ready data center in Malaysia
Asia Pacific and Japan (APJ) hyperscale data center specialist AirTrunk has announced plans to develop its second cloud and artificial intelligence (AI)-ready data center in Malaysia, named AirTrunk JHB2 (JHB2) located in Iskandar Puteri, Johor region.
Malaysia’s Payd secures $400,000 seed extension funding from A2D Ventures, Orbit Startups, AngelSpark
Payd, a Malaysian fintech company specializing in earned wage access (EWA) solutions, has successfully raised a $400,000 seed extension round from A2D Ventures, Orbit Startups, and AngelSpark.
