Malaysia

Grab Malaysia signs MoU with government agency MDEC to drive digitalization of MSMEs

Grab Malaysia said it recognises the government’s holistic approach to fostering inclusive economic growth by driving digitalisation to empowering MSMEs.

Axiata and Sinar Mas secure shareholders approval for XLSMART merger

Malaysian telecommunications firm Axiata Group Berhad and Indonesian conglomerate Sinar Mas said shareholders of PT XL Axiata Tbk, PT Smartfren Telecom Tbk, and PT Smart Telcom have formally approved the merger of the three companies into XLSMART.

Gobi Partners invests into Malaysian semiconductor IC design company SkyeChip

Asia-focused venture capital firm Gobi Partners has invested into SkyeChip, a semiconductor integrated circuit (IC) design company in Malaysia.

Carsome, FAM ink two-year partnership to strengthen Malaysian football

The Football Association of Malaysia (FAM) and Malaysian online used car trading platform Carsome have announced a two-year partnership worth nearly MYR 2 million ($451,000), naming Carsome as the official automotive partner and reinforcing their shared commitment to strengthening Malaysian football.

YTL Communications partners Equinix, Transcelestial to drive AI cloud connectivity in Malaysia

Malaysian telecommunications firm YTL Communications has signed two Memorandums of Understanding (MOUs) with global digital infrastructure firm Equinix and laser communications technology firm Transcelestial to bring global artificial intelligence (AI) cloud connectivity and laser-based wireless technology to Malaysia.

Catcha Digital acquires 92.5 percent stake in banking software firm Theta Service Partner for $7.9M

Malaysia's digital media firm Catcha Digital is acquiring 92.5 percent stake in banking software firm Theta Service Partner for MYR 35 million ($7.9 million).

Malaysia’s Deemples launches in Thailand after $2M funding

Deemples, a Malaysia-based golf platform and mobile app, has officially launched in Thailand - the region’s golf tourism hub that is dubbed the Golf Capital of Asia, after raising its $2 million funding last year.

Malaysia’s e-payments transactions continue to rise in 2024

Malaysian Central Bank said Monday that Malaysia is well on track to achieve the Financial Sector Blueprint 2022–2026 target of over 15 percent compounded annual growth in the average e-payment transactions per capita as e-payments transactions continue to rise in 2024.

Malaysian Central Bank explores asset tokenization while monitoring crypto risks

Malaysia's Central Bank said Monday that it will explore asset tokenization while monitoring crypto risks.

Selangor state government launches AI initiative with Google Cloud

The State Government of Selangor, through Selangor Technical Skills Development Center (STDC) and Google Cloud, have announced the launch of Teraju AI Selangor, a joint initiative to help state government agencies in Selangor build and implement custom artificial intelligence (AI) solutions that address real-world challenges to benefit citizens and…