Malaysia

ScaleUp Malaysia has announced its Cohort IV and investments in seven innovative companies. The companies selected for Cohort IV are BeeBag, Docspe, Huddle, Petotum, Stayhere, and Kabel who will receive a $100,000 investment each, while the seventh company, Sonicboom, will receive an undisclosed strategic investment.

Singapore's gas utility provider City Energy and Petroliam Nasional Bhd (Petronas)'s clean energy solutions provider Gentari Sdn Bhd (Gentari), have signed two memoranda of understanding (MOU) to jointly conduct feasibility studies of a hydrogen supply chain between the two countries, and create electric vehicle (EV) charging network.

The Malaysia Digital Economy Corp (MDEC), a Malaysian government agency tasked to lead the digital transformation in the country, is eyeing MYR1 billion ($230 million) worth of digital investments from nine sectors by 2025, through its Malaysia Digital Catalytic Programs (Pemangkin).

Malaysian home care services provider for elderly Care Concierge aims to utilize the funding it received from the Gobi Dana Impak Ventures (GDIV) fund in setting up caregivers academy and technology app.

Tokio Marine Insurans (Malaysia) Berhad (Tokio Marine), a subsidiary of Japan-based insurance firm Tokio Marine Holdings Inc., has partnered with Malaysia-based logistic solution KirimMan and Malaysia-based fintech company Finology, to offer affordable insurance products for gig economy workers in Malaysia, with a focus on delivery riders.

Touch ‘n Go eWallet announced Monday that their users from Malaysia can now conveniently make cashless payments at even more participating merchants in Singapore.

BetterPlace, an India-based frontline workforce management software as a service (SaaS) platform, has on Monday announced the acquisition of TROOPERS, a Malaysia-based flexi talent solutions technology player.

Malaysia plans to introduce a second 5G network from next year, Reuters reported on Monday, quoting four sources.

Funding Societies, the Singapore-based small and medium-sized enterprise (SME) digital finance platform in Malaysia and Southeast Asia, and Credit Guarantee Corporation Malaysia Berhad (CGC) have signed an SME Portfolio Guarantee (SME PG) agreement with the mutual objective of propelling the growth of Malaysian SMEs by providing easier access to financing.

Analyst said Thursday it sees Malaysia as an emerging data center hub in Asia, with supportive pro-business policies to attract and retain data center investors.