Malaysia

The prolonged COVID lockdowns and their “knock on” effects in the form of operational disruptions, labor shortages and higher running costs have significantly impacted its business and the quality of service.

The Airasia Super App, which was officially launched in Thailand earlier in February announced Tuesday the start of operations for its e-hailing service, Airasia Ride in Bangkok. Thailand becomes the second country for Airasia Ride’s ASEAN expansion, and will offer taxi rides as part of its first phase of entry into the market.

The 4IR-themed innovation center was one of the government's initiatives to guide entrepreneurs comprehensively from the prototype development process to product commercialization.

Some of the venture capital firms have already started scouting opportunities to invest in renewable energy startups in the region.

Funding Societies, the Singapore-based small and medium-sized enterprise (SME) digital financing platform, on Wednesday introduced its Shariah-compliant trade financing solutions based on Commodity Murabahah (Tawarruq) for creditworthy and underserved Malaysian micro, small, and medium enterprises (MSMEs) seeking to grow their business or expand their…

Rafiza will initially be joining KAF Investment Bank as part of the digital bank project team pending the incorporation process of the digital bank entity, KAF Investment Bank said.

Neighbouring Indonesia has been publicly wooing Tesla to invest in the country to help develop its ambitious EV and battery industry plans. Indonesian President Joko Widodo is planning to meet Tesla Founder and Chief Executive Officer Elon Musk.

When contacted about the potential acquisition, Grab's communications team said the company "will not comment on rumors and speculation".

In deciding to award five licenses, Nor Shamsiah said the central bank considered many factors, such as the size of the country’s banking system relative to the economy. “This isn't a case of ‘the more the merrier!’” she added.

KAF Investment Bank-led consortium was among the low-profile bidders for the digital banking licenses. Besides Carsome, the KAF Investment Bank-led consortium also includes two other FinTech firms, Jirnexu and MoneyMatch.