Malaysia

The Securities Commission Malaysia (SC) has on Monday outlined the conditions for the new family office incentive scheme announced by Malaysian government recently that is aimed at enhancing investment landscape in Malaysia.

Forest City, the $100 billion project located in Southern region of Malaysia which is backed by Chinese developer Country Garden Holdings, will be the first location in Malaysia to offer a 0 percent tax rate for Family Offices, Malaysia's Finance Minister II Amir Hamzah Azizan said on last Friday.

Malaysia-based Capital A's low-cost airline AirAsia has announced a long-term partnership with European aircraft manufacturer Airbus to advance research into aviation sustainability initiatives that lower carbon emissions in the ASEAN region.

The Investor Matching Program is supported by prominent funds managing billions in assets, including Vertex Ventures, Granite Asia, 500 SEA, Eurazeo, Nordstar, Gobi Partners and many others.

TNG Digital could potentially fetch the valuation of a unicorn (with a valuation of $1 bilion or more) before the potential IPO, the sources added.

Malaysia External Trade Development Corporation (MATRADE) has concluded a cooperation with HYT Cross Border Sdn Bhd on Thursday as part of its ongoing efforts to enable and empower Malaysia micro, small and medium enterprises (MSMEs) to begin their cross-border journeys and assist those who are currently expanding into the region.

Boost Bank, Malaysia-based homegrown digital bank, announced on Thursday the upcoming launch of its SME Financing services in early October.

Under this linkage, consumers and merchants in both countries will be able to make and receive instant cross-border QR payments.

Survey shows 87 percent of Proton Holdings Bhd's suppliers intend to collaborate with China suppliers in electric vehicle (EV) component, the Malaysian national automaker said Wednesday.

Both MYEG and FMFF agreed to work together on several initiatives related to the positioning of ZTrade as the NSW for domestic trade as well as cross-border trade to and from Malaysia.