Malaysia

Microsoft, its partners, and cloud-consuming customers will generate $10.9 billion in new revenues for Malaysia by 2028 with its upcoming hyperscale cloud in the country, the global technology firm said Thursday.

In a recent interview with TNGlobal, Malaysia’s Minister of Science, Technology and Innovation Chang Lih Kang detailed the government’s plans to drive Malaysia’s science, technology and innovation (STI) agenda. He also discussed several initiatives to solidify Malaysia's position as a leading regional tech hub

NTT DATA, a Japan-based digital business and technology services firm, announced Monday the commissioning of its Malaysia, India, Singapore Transit (MIST) submarine cable system by June 2025.

Alipay+, the cross-border mobile payment platform of Ant International, has contributed more than 80 percent of inbound QR payments via DuitNow in Malaysia.

Malaysian digital media firm Catcha Digital Berhad announced Monday that it has entered into a conditional share sale agreement to acquire a 51 percent equity interest in Malaysia-based digital consultancy DS Services Sdn Bhd (Digital Symphony) for a cash consideration of MYR 22.95 million ($5.16 million).

Malaysian government-linked private equity firm Ekuiti Nasional Berhad (Ekuinas) announced Monday its investment in Bluesify Solutions Sdn Bhd, a local managed security service provider (MSSP).

Malaysian lender Hong Leong Islamic Bank (HLISB) has signed a memorandum of understanding (MOU) with fintech platform GoBarakah, with plans to build a new FinTech ecosystem that channels donations and funds to underserved communities.

The International Finance Corporation (IFC), the global development institution of the World Bank Group, has signed a memorandum of understanding with Cagamas Berhad, the National Mortgage Corporation of Malaysia, to advance green building finance in Malaysia, further supporting the country’s sustainable development goals.

GXBank and Grab Malaysia have recently announced the inaugural top eight fintech startups shortlisted to be part of the six-month long TeXnovasi Accelerator Program.

The Malaysia External Trade Development Corporation (MATRADE), in partnership with software developer Nazsoft Tech Sdn Bhd, and with the support of the Royal Malaysia Customs Department (RMCD), have launched MADANI Digital Trade (MDT), an integrated virtual showcase designed to strengthen Malaysian exporters’ access to global markets.