Malaysia

Boost Bank by Axiata and RHB (Boost Bank), a homegrown digital bank, has on Thursday announced the launch of its digital bank app to Malaysians.

UEM Group Berhad (UEM Group) through its wholly-owned subsidiary and green industry arm, UEM Lestra Berhad (UEM Lestra), has on Wednesday signed an agreement to develop a 500-megawatt (500 MW) hybrid solar power plant with Blueleaf Energy, a leading green renewable energy platform, and ITRAMAS Corporation Sdn Bhd (ITRAMAS).

In the interview, Soft Space Chief Strategy Officer Chris Leong also shared the company’s challenges, its path to profitability, competitive advantage, the trends he sees in the financial infrastructure space, among others.

Minister of Science, Technology and Innovation Chang Lih Kang said the development will focus on the manufacturing process and energy production on a large scale, while also being able to accommodate general demand.

Senangdali, a subsidiary of Malaysian Insure-Tech Senang.io, has partnered with Philippine fintech firm GoodTech, to offer loan protection insurance product specifically designed for rural banks in the Philippines, underwritten by local insurance providers.

Malaysian property developer S P Setia Bhd (Setia) has unveiled its newest app Setia Go in a bid to elevate Setia’s smart communities, in collaboration with Chinese tech firm Ant Digital Technologies with its cloud-to-end one-stop solution mobile platform-as-a-service (mPaaS).

Ficus Capital (Ficus), a Malaysia-based venture capital firm, have in collaboration with INCEIF University, to launch an environmental social and government Islamic (ESG-i) assessment framework to empower micro, small and medium enterprises (MSMEs) in Malaysia with sustainable practices.

Clean energy solutions provider Gentari Sdn Bhd (Gentari) has through its subsidiary Gentari Green Mobility Sdn Bhd partnered with eCommerce company Lazada to expand green mobility adoption in Malaysia.

The Malaysia Co-Investment Fund (MyCIF) has co-invested MYR 289 million ($61.4 million) via alternative financing platforms in 2023, consistently spurring growth and enhancing competitiveness of Malaysian micro, small and medium enterprises (MSMEs).

Google announced Thursday that it has committed an investment of $2 billion in Malaysia, including the development of its first Google data center and Google Cloud region to meet the growing demand for cloud services locally and around the world, and artificial intelligence (Al) literacy programs for Malaysian students and educators.