Malaysia

Malaysian lenders CIMB Bank Berhad and CIMB Islamic Bank Berhad (collectively CIMB) have on Monday introduced its suite of electric vehicle (EV) financial solutions in Malaysia to drive the adoption of EVs in Malaysia.

Bank Indonesia (BI) and Bank Negara Malaysia (BNM) have on Monday announced the commercial launch of the Indonesia-Malaysia cross-border QR payment linkage. The commercial launch of this linkage follows from the successful completion of the pilot phase of the linkage announced on January 27, 2022.

Malaysian conglomerate Sunway Group, clean energy solutions company Gentari Sdn Bhd, and electric vehicle (EV) charging solutions provider EV Connection Sdn Bhd, have sealed a memorandum of understanding (MoU) to build and install EV charging stations at Sunway-owned premises, commercial buildings and facilities throughout the country.

HOMA Sdn Bhd (HOMA2U), a Malaysian marketplace for renovation and interior design materials, announced Tuesday that it secured $875,000 in its pre-series A funding. The investment round was led by Quest Ventures Asia Fund II, an early-stage venture capital fund managed by Quest Ventures Pte Ltd, a Singapore-based venture capital firm.

BigPay, a Capital A venture company and fintech firm based in Malaysia, has announced the appointment of Zubin Rada Krishnan as its Acting Group Chief Executive Officer.

Boost Holdings is said to be working with a financial adviser on the potential fundraising, which may give the start-up a valuation of $700 million.

Airasia SuperApp recorded 12.9 million average monthly active users (MAU) in the first quarter of 2023, up by 12 percent quarter on quarter, its parent firm Capital A Berhad said Thursday.

Malaysian-born artificial intelligence (AI) startup VOX said Monday it has harnessed ChatGPT with Sharly.ai and scored a $250,000 investment from Silicon Valley.

Malaysian Central Bank, in partnership with the Financial Intelligence Consultative Group (FICG), will be co-hosting the AML/CFT Hackathon 2023 from June 1 to 28, 2023 to develop digital solutions to help combat financial crime.

“We've been seeing consistent growth coming not just from the volume of the transactions but at the same time, the margin potential has also been increasing with the help of retail business and ancillary services,” its Co-Founder and Chief Executive Officer Eric Cheng said .