Malaysia
Grab-led GXBank to invest $333M in Malaysia over the next five years
Grab-led GX Bank Berhad (GXBank) said Friday that it will invest MYR 1.5 billion ($333 million) into Malaysia over the next five years includes the establishment of the GX Untuk Semua initiative, further solidifying Malaysia’s position in the digital banking landscape.
WeChat Pay Malaysia to discontinue e-wallet service
Chinese payment firm WeChat Pay will discontinue its e-wallet service in Malaysia from September 1, 2024 due to business strategy adjustment.
Singapore’s M-DAQ Global acquires Malaysian payment firm Easy Pay Transfers
M-DAQ Global Pte. Ltd., a Singapore-headquartered fintech group, announced Wednesday that it has completed the acquisition of licensed business to business (B2B) payments service provider Easy Pay Transfers Sdn. Bhd.
AirAsia X to complete Capital A’s aviation business acquisition by end of this year
Malaysia-based budget airline AirAsia X (AAX) is expected to complete the acquisition of Capital A Berhad’s aviation business for MYR 6.8 billion ($1.49 billion) by the end of this year.
Alibaba Cloud launches Digital Accelerator Program to boost AI adoption and advance Malaysia’s digital transformation
Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has on Thursday announced a series of new initiatives to boost artificial intelligence (AI) adoption and advance Malaysia's digital transformation.
Malaysia’s KWAP allocates $109M to boost venture capital ecosystem last year
Malaysia’s retirement fund Inc’s (Kumpulan Wang Persaraan (Diperbadankan [KWAP]) has allocated MYR 500 million ($108.84 million) in 2023 to boost the country's venture capital ecosystem.
Malaysia’s Khazanah Nasional completes acquisitions of MAVCAP and Penjana Kapital
Malaysian sovereign wealth fund Khazanah Nasional has completed the acquisitions of Malaysia Venture Capital Management Bhd (MAVCAP) and Penjana Kapital, a step forward in advancing Malaysia’s venture capital ecosystem.
BMI : AI-grade data center to support sustainable digital economy in Malaysia
Artificial intelligence (AI)-grade data center will support sustainable digital economy in Malaysia, BMI Country Risk and Industry Research said last Friday.
US-based Equinix invests $5M to expand digital infrastructure in Malaysia
United States digital infrastructure firm Equinix, Inc. has on Monday announced an investment of MYR 23 million ($5 million) to acquire land from Cyberview Sdn Bhd in Cyberjaya to expand its data center capacity in Malaysia.
Malaysia’s Cradle leads ASEAN startup initiative to foster growth among regional startups
Malaysia's Ministry of Science, Technology and Innovation (MOSTI) as the National Committee on Science, Technology and Innovation (COSTI) Chair of Malaysia has mandated Cradle Fund Sdn. Bhd. (Cradle), the focal point agency for Malaysia’s startup ecosystem, to lead the ASEAN Startup Initiative under the Science, Technology and Innovation (STI) sector.
