Malaysia

Meraque Services Sdn Bhd (Meraque), a Malaysian drone tech company, announced Wednesday that the company is partnering with Malaysia Debt Ventures Berhad (MDV), a subsidiary of the Minister of Finance (Incorporated) and an agency under the purview of the Ministry of Science, Technology and Innovation (MOSTI), to facilitate global growth and expansion.

New startup ideas and business models are key engines of economic growth. They not only create new jobs but also foster competitiveness and innovation, which is why the Malaysian government’s MyDIGITAL initiative is looking to attract two unicorns and launch 5,000 startups in the next five years.

Capital A Berhad's digital businesses, airasia Super App achieved a record high growth in average monthly active users (MAU) which stood at 10.6 million in the second quarter of 2022, up 236 percent compared to the same period last year.

Malaysia-based all-in-one business cloud, digital, and e-commerce solutions provider Exabytes said Monday it continues to expand its capabilities by establishing a partnership with Huawei Technologies (Malaysia) Sdn Bhd (Huawei Malaysia), offering cloud infrastructure-platform-and-software-as-a-service (IaaS, PaaS and SaaS) systems to boost the digital…

Touch ‘n Go Group announced Monday that TNG Digital Sdn Bhd (TNGD), the owner and operator of Touch ‘n Go eWallet, Malaysia’s largest eWallet company, has raised MYR750 million ($168.39 million) from its latest round of equity funding. This funding round was led by a new investment in TNG Digital by Lazada Group and a follow-on investment by TNG Digital’s…

Samsung SDI announced Thursday it will invest 1.7 trillion won ($1.3 billion) in cylindrical battery lines in Malaysia to accelerates challenge to be global top tier company by 2030. Its decision to construct the second factory in Malaysia comes as a strategy to meet the rising demand for cylindrical batteries recently.

Southeast Asia’s largest integrated car e-commerce platform Carsome announced Wednesday the expansion of its regional headquarters in Malaysia, which signifies the company’s efforts in growing a high-skilled workforce to solve customers’ pain points in the car ownership journey.

Malaysia-listed banking firm Bank Islam Malaysia Berhad has on Sunday officially launched its fully cloud-native digital banking proposition named Be U, the first-of-its-kind technology stack which is anticipated to be the cornerstone of all upcoming digital banks to be introduced in Malaysia. Made available to the public since mid-June this year, Bank…

Advance Intelligence Group, a Singapore-based unicorn tech start-up, announced on Monday its acquisition of Jewel Paymentech, a financial risk technology company specialising in merchant due diligence and fraud and risk management solutions for the financial services and payments industry.