Malaysia
Malaysia’s Iskandar Investment Berhad launches Net Zero Carbon Central Business District
Malaysia-based Iskandar Investment Berhad (IIB) has cemented its commitment to environmental, social, and corporate governance (ESG) initiatives with the launch of Net Zero Carbon Central Business District (CBD).
Malaysia’s Yinson GreenTech completes construction of the Hydroglyder prototype
Malaysia-based energy firm Yinson Holdings Berhad (Yinson)'s green technologies business unit Yinson GreenTech (YGT), through its marinEV brand, has completed the construction of its all-electric crew transfer vessel, the Hydroglyder.
Malaysia’s SME Corp allocates $1.27M to Bumiputera youth entrepreneurs
SME Corporation Malaysia (SME Corp. Malaysia), an agency under the Ministry of Entrepreneur and Cooperatives Development (MECD) and Funding Societies, an unified SME digital finance platform in Malaysia and Southeast Asia, have allocated an initial fund of MYR 6 million ($1.27 milion) for Bumiputera youth entrepreneurs.
Malaysia’s JCorp invests $1.74 million into Singapore-based agritech firm Archisen
Malaysia-based state investment firm Johor Corporation (JCorp) Group will invest MYR 8.2 million ($1.74 million) into Singapore-based agritech firm Archisen Pte Ltd. FarmByte, a digital-first agrofood company within the JCorp, has signed a heads of agreement (HOA) with Archisen, proposing the FarmByte investment into Archisen and the establishment of an…
Grab-backed GXBank unveils beta bank app
GX Bank Berhad (GXBank), the Grab-backed Malaysian digital bank, is officially rolling out its beta app to selected 20,000 Malaysians users effective November 14, 2023. This comes after successfully testing the beta app amongst employees of the bank and partners.
MRANTI opens autonomous vehicle experimental lab to accelerate Malaysia’s mobility sector development
Malaysian Research Accelerator for Technology & Innovation (MRANTI), through the Ministry of Science, Technology and Innovation (MOSTI), on Thursday launched the country’s largest multi-scenario autonomous vehicle (AV) experimental laboratory known as AV XL at MRANTI Park, Malaysia.
Analyst sees challenges for Malaysia to embrace electric vehicles
Malaysian analyst Affin Hwang Investment Bank has foreseen challenges for Malaysia to embrace electric vehicles (EV). The research house said in a report on Wednesday that the rollout of the EV infrastructure in Malaysia and for Malaysia to become a suitable EV investment destination are still facing several challenges.
Carsome appoints Miguel Fernandez as CFO
Southeast Asia’s largest integrated car e-Commerce platform Carsome Group Inc. has on Wednesday announced the appointment of Miguel Fernandez as its Group Chief Financial Officer, effective from November 1, 2023.
Malaysia’s Maybank expands cross-border services to China; boosts ASEAN financial integration
Malaysian lender Malayan Banking (Maybank) has on Wednesday announced the expansion of its cross-border QR Pay service to China, one of the first in the market for a Malaysian bank, amplifying its existing cross-border payment capabilities and enhancing the ease and efficiency of financial transactions.
Malaysia’s PayNet partners China’s Ant Group for cross-border digital payments
Malaysia's payments firm Payments Network Malaysia Sdn Bhd (PayNet) and China-based Alibaba Group's fintech subsidiary Ant Group have on Wednesday launched their cross-border digital payments collaboration that has enabled travellers from eight regionsto use PayNet’s DuitNow QR in Malaysia, further boosting international tourism and trade among these…
