Malaysia
MDEC expects high-tech Malaysian companies to generate $55M in digital export
Malaysia Digital Economy Corporation (MDEC) has projected a total of 42 high-tech Malaysian companies participated in its recent programs in Indonesia, to generate MYR 250 million ($54.65 million) in digital export.
Malaysia’s Sime Darby Motors partners UK’s AstraZeneca to accelerate electric vehicle adoption
Malaysia’s automotive player Sime Darby Motors (SDM) Malaysia and United Kingdom-based biopharmaceutical company AstraZeneca have recently partnered to accelerate the adoption of electric vehicles (EVs) under Sime Darby Motors for AstraZeneca’s employees.
Grab could achieve adjusted EBITDA breakeven in 3Q following layoff exercise, say CGS-CIMB analysts
“Layoff exercise in June leads us to believe Grab can achieve adjusted EBITDA breakeven in 3Q23F (forecast), one quarter ahead of guidance,” CGS-CIMB analysts Ong Khang Chuen and Kenneth Tan wrote in a research note on Thursday.
Atome partners TikTok Shop to drive e-commerce growth in Malaysia
Atome, a Singapore-based digital consumer financing platform, has joined forces with TikTok Shop to revolutionize the e-commerce landscape in Malaysia. This strategic partnership enables businesses of all sizes, but particularly young entrepreneurs and small and medium enterprises (SMEs), to harness the potential of online shopping and foster economic…
Malaysia’s WORQ partners DE Rantau to bring high-value jobs to Malaysia worth over $79M
WORQ, a Malaysia-based coworking and flex space provider, has announced its collaboration with Malaysia Digital Economy Corporation (MDEC)'s DE Rantau to launch the WORQ with DE Rantau program. The program is estimated to inject MYR 360 million ($79.07 million) into the Malaysian economy by supporting 6,000 highly skilled workers to the workforce as well as…
Malaysia grants licence to Elon Musk’s Starlink to bring Internet services to rural areas
Currently, 97 percent of populated areas in Malaysia have Internet access. However, the remaining 3 percent face challenges due to geographical locations, such as remote rural areas or isolated islands, making network infrastructure development difficult.
Tesla to invest in Malaysia, boosting the country’s sustainable mobility
Tesla Sdn. Bhd. (Tesla), an American multinational electric automotive manufacturer, has on Thursday announced its strategic expansion into the Malaysian market. The expansion plans including vehicle importation, setting up supercharger network, head office, service center and experience center.
Sime Darby, AEI Capital become limited partners in Vynn Capital’s $30M fund
Vynn Capital, a Malaysia-based venture capital firm specializing in early-stage investments, has on Wednesday announced the participation of Malaysian conglomerate Sime Darby Berhad and Hong Kong-based investment firm AEI Capital as limited partners in its second Venture Capital (VC) fund.
Malaysian clean energy firm Solarvest embarks strategic initiatives to expand into Singapore and Brunei
Malaysian clean energy expert Solarvest Holdings Berhad is embarking on strategic initiatives to expand its geographical reach into the Singapore and Brunei markets to capitalize on the growing demand for sustainable energy solutions.
