Malaysia
Malaysia’s Sime Darby Motors partners Gentari to drive green mobility and clean energy solutions
Malaysian automotive player Sime Darby Motors (SDM) has partnered with clean energy firm Gentari Sdn Bhd to accelerate the building of Electric Vehicle (EV) charging stations and infrastructure across Sime Darby Motors’ network as well as in other publicly accessible locations alongside other supplementary initiatives.
TikTok’s compliance with Malaysian laws is still “unsatisfactory”, says Communications Minister
TikTok has recently come under scrutiny in Southeast Asia. Last week, Indonesia's government has halted transactions on its platform following a ban on e-commerce trade on social media.
BMI sees Petronas’ private 5G deployment adds momentum to Malaysian digital transformation
BMI Industry Research said Thursday that Malaysian energy group Petronas' Private 5G deployment will add momentum to Malaysiandigital transformation. It opined that private 5G networks will be critical enablers of digital transformation for large enterprises in many different industries across Southeast Asia over the next five years.
Malaysia’s DRB-Hicom and China’s Geely set framework for development of Automotive Hi-Tech Valley
Malaysian conglomerate DRB-Hicom has inked master collaboration agreement (MCA) with Chinese automkaer Zhejiang Geely Holdings Group for the development of the Automotive High-Technology Valley (AHTV) project in Malaysia.
Japan’s NTT launches $50M data center in Malaysia
NTT Ltd, a Japan-based information technology (IT) infrastructure and services company, has launched its new data center in Malaysia with an investment of over MYR 234 million ($50 million).
Abu Dhabi’s Masdar to invest $8B in renewable energy projects in Malaysia
Abu Dhabi Future Energy Company PJSC – Masdar, the United Arab Emirates (UAE)’s clean energy powerhouse plans to invest $8 billion for renewable energy projects in Malaysia. Masdar will develop up to 10 gigawatts (GW) of renewable energy projects in a strategic partnership that will significantly contribute to Malaysia’s sustainable energy……
Malaysian stock exchange, TNG Digital, Affin Hwang team up to broaden share trading services in Malaysia
Malaysian bourse Bursa Malaysia Berhad (Bursa Malaysia), payment firm TNG Digital Sdn Bhd (TNGD) and investment firm Affin Hwang Investment Bank Berhad (AHIBB), have teamed up to broaden share trading services in Malaysia via a digital wallet. The trio have signed a memorandum of collaboration (MoC) to enable investors to easily participate in the stock…
WORQ raises pre-series B funding at an up-round on the back of profitability
WORQ, a Malaysia-based coworking and flexible space provider, has successfully completed its latest fundraising round, backed by 14 follow-on investors. The global asset management firm, Phillip Capital, helms this round with its largest placement to-date and its third consecutive investment into WORQ.
Nearly 7 in 10 SMEs in Southeast Asia rely on startup capital from savings, family and friends: SME Industry Report
In Southeast Asia, about 70 percent of small and medium enterprises (SMEs) started their business with seed money raised from their personal savings and from family and friends’ financial support, said a report published by Funding Societies, a Southeast Asia’s unified SME digital finance platform.
Gobi Partners invests in Malaysian reseller digital ecosystem Ejen2u
Asia-focused venture capital firm Gobi Partners has become the lead investor in Malaysian reseller digital ecosystem Ejen2u's Pre-Series A funding round, alongside Artem Ventures. This investment was made possible through the Khazanah Nasional Bhd (Khazanah)-backed Gobi Dana Impak Ventures (GDIV) fund.
