Malaysia
Malaysia Venture Forum 2024 opens in KL, brings together public & private sectors to discuss future of VC ecosystem
The forum was officiated by Amir Hamzah Azizan, Minister of Finance II, who stressed the role of VC in driving innovation, economic growth, and job creation.
Malaysia’s AI startup Mesolitica builds Malaysian LLM for generative AI assistants on AWS
With AWS, Mesolitica can now deploy proofs of concept (PoCs) in as little as 24 hours, while the AWS Asia Pacific (Malaysia) Region provides a 20 percent reduction in latency, critical for achieving human-like conversations in AI voice assistants.
Malaysia’s Sime Darby Property to develop additional data centers at its business park
Malaysian property developer Sime Darby Property Berhad has on Monday announced the signing of a new build-and-lease agreement with Pearl Computing Malaysia Sdn Bhd, a wholly-owned subsidiary of a multinational technology company, which will see the development of additional data center facilities.
Malaysia-listed Hextar Industries bags Luckin Coffee’s master franchise in Malaysia
Luckin Coffee’s entry comes at a time when Malaysians are seeing a rising number of local and international coffee chain brands and outlets in the country. Both local and international coffee brands are competing for a larger market share as US brand Starbucks faces ongoing boycott amid the Israel-Gaza war.
Teleport’s revenue rises in third quarter on higher delivery parcels moved
Capital A's logistics arm Teleport has reported higher revenue in the third quarter amid higher tonnage and delivery parcels moved.
AirAsia MOVE’s third quarter revenue declines on reduced sale of AirAsia flight tickets
AirAsia MOVE, the digital arm of Malaysia-based Capital A, has reported lower revenue during the third quarter ended September 30, 2024, mainly due to reduced sale of AirAsia flight tickets.
Malaysia’s Catcha Digital acquires 51 percent stake in Nexible Solutions for $2.56M to expand into SaaS and AI sectors
Malaysia-based digital platform Catcha Digital Berhad has announced its entry into a share sale agreement to acquire a 51 percent interest in Malaysian software as a service (SaaS) firm Nexible Solutions Sdn Bhd (Nexible) for a cash consideration of MYR 11.38 million ($310 million).
1337 Ventures Partners with GX Bank to lead TeXnovasi Accelerator
1337 Ventures, Malaysia-based venture capital firm, announced its role as the lead accelerator for TeXnovasi—an ambitious initiative by GXBank and Grab Malaysia, with support from Cradle and MYStartup.
Malaysia’s Yinson Renewables secures $59M financing for Matarani solar project from IDB Invest, Natixis
Malaysia-based renewable energy firm Yinson Renewables has secured a $59 million senior secured green financing for the Matarani Solar Project in Peru from IDB Invest and Natixis Corporate & Investment Banking (Natixis CIB).
Malaysia’s Meta Bright forges partnership with Tunas Manja for solar PV installation
Meta Bright Group Berhad, a Malaysia-listed company, has announced a strategic partnership with Tunas Manja Sdn. Bhd.(TMG), a Malaysia-based grocery and retail operators, for solar photovoltaic (PV) installation.
