Malaysia

The central banks of India, Malaysia, Thailand, Singapore and the Philippines are working together to start an instant cross-border retail payments platform.

Jirnexu Sdn Bhd, the parent company of RinggitPlus, announced last Friday a strategic transaction to acquire CompareHero, the Malaysian arm of MoneyHero Limited.

Kyndryl, the global information technology (IT) infrastructure services provider, has on Thursday announced the establishment of its first Mainframe Modernization Center of Excellence (CoE) in Malaysia working with Amazon Web Services (AWS).

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, announced Tuesday the extension of its collaboration with Sarawak Information Systems Sdn. Bhd. (SAINS), an information and communications technology (ICT) systems integrator and solutions provider in Sarawak of Malaysia.

Malaysian hypermarket and retail chain Mydin Mohamed Holdings Bhd has on Wednesday launched a brand new mobile ewallet to further enhance the use of digital technology among consumers.

Chinese automakers are ramping up their investments in emerging EV markets overseas, especially in regions such as Southeast Asia, the Middle East, and Latin America, at a time when competition remains intense at home and the US and Europe are imposing punitive tariffs on China-made EV imports.

US tech giants including Microsoft Corp, Google and Nvidia Corp had already announced plans to build data centers in Malaysia in the past year, and Chinese firms are interested in developing more to serve the nation’s tech companies which want to enter the Southeast Asian market

OSK-SBI Venture Partners Ltd. (OSK-SBI) has on Wednesday announced the launch of its second venture capital fund to invest in category-defining companies across Southeast Asia. Active fundraising for Fund 2 is ongoing with the target to hit final close of capital commitments of $40 million.

Malaysian clean energy solutions provider Gentari Sdn Bhd (Gentari), a subsidiary of Malaysia’s Petronas Group, is collaborating with Finland-based electric vehicle (EV) charging business solution provider Virta through its subsidiary Gentari Green Mobility to expand the EV charging network across Southeast Asia.

Malaysian information technology (IT) services firm Systech Bhd has partnered industrial-grade servers and storage solutions provider EH Integrated Systems Sdn. Bhd. (EISSB) to develop and operate data centers.