Malaysia
LGMS completes acquisition of 27 percent stake in advanced cyber defense technology company Antarex
Malaysia-based cyber security firm LGMS Berhad has completed the MYR 22.68 million ($5.66 million) acquisition of 3.09 million or 27 percent shares in advanced cyber defense technology company Antarex Holdings Sdn Bhd.
Escalating project cost may delay large scale solar projects in Malaysia – UOBKayHian
UOBKayhian has expected upcoming large scale solar projects in Malaysia, such as the Corporate Renewable Energy Supply Scheme (CRESS) and Large Scale Solar 6 (LSS6) program, to face delays in the signing of power purchase agreements (PPAs) as project costs are expected to rise substantially.
Analysts foresee gradual transition to battery electric vehicles in Malaysia
Kenanga Research has expected gradual transition to battery electric vehicles (BEVs) which currently enjoys tax exemption up until 2027 for locally-assembled completely knocked-down (CKDs) in Malaysia.
Maybank invests $2.5B over the next five years in technology, data, and AI strategy
Malaysia's largest lender Malayan Banking Berhad (Maybank) will invest MYR 10 billion ($2.5 billion) over the next five years in technology, data, and artificial intelligence (AI) strategy.
Teleport raises $50M pre-IPO capital at $500M valuation to scale model globally
Malaysia-based logistics firm Teleport has signed a subscription agreement with funds managed by HPS Investment Partners on Thursday for the issuance of redeemable convertible perpetual securities (RCPS) to raise a total consideration of $50 million as pre-initial public offering (IPO) growth capital.
Bridgenet Solutions collaborates with Eaton to support Malaysia’s growing data center infrastructure demand
Malaysia-based technology firm Bridgenet Solutions Sdn Bhd has entered into a strategic collaboration with Eaton Industries Sdn Bhd, a power management firm, as the company expands its capabilities in the data center segment to support Malaysia’s rapidly growing demand for resilient and high-performance digital infrastructure.
AWS and Exabytes launch $1.1M cloud skills initiative to train Malaysians for high-demand tech jobs
Amazon Web Services (AWS) has entered into a MYR 4.3 million ($1.06 million) Social Impact Agreement with Exabytes to equip hundreds of Malaysians, particularly those from B40 and M40 communities (lower and middle-income households), with cloud computing and artificial intelligence (AI) skills to meet the country's fast-growing digital workforce demand.
Malaysian organizations struggle to translate AI experimentation into measurable financial impact – PwC
PwC's survey showed a widening artificial intelligence (AI) maturity divide as many Malaysian organizations struggle to translate experimentation into measurable financial impact.
Malaysia’s Khazanah to steer more capital to power grids, chip firms – report
Malaysia's sovereign wealth fund Khazanah Nasional Bhd plans to channel more capital into strengthening the power system and supporting local semiconductor companies
US data center firm Digital Realty enters Malaysia
Digital Realty, the largest global provider of cloud- and carrier-neutral data center, colocation, and interconnection solutions, announced Tuesday its planned entry into Malaysia through the execution of the agreement to acquire CSF Advisers, owners of the TelcoHub 1 data center located in Cyberjaya, one of Greater Kuala Lumpur’s most established data…
