Malaysia

Malaysia’s prescription pharmacy chain Alpro Pharmacy has launched its door-to-door prescription medication delivery in partnership with GrabExpress, Grab Malaysia’s on-demand delivery service. The collaboration aims to provide the much-needed support for stay-alone elderlies, chronic-illness patients and parents of young children, who might find leaving…

GoodMorning Global Group, a Malaysia-based foodtech firm, has raised MYR 20 million ($4.41 million) via equity crowdfunding. The firm has raised the fund from 1,046 investors.

Malaysia-based multinational low-cost airline Capital A is entering into a partnership with UnionDigital Bank, the digital bank subsidiary of Union Bank of the Philippines, involving three key subsidiaries, namely AirAsia, airasia Superapp, and BigPay.

Hong Kong and Malaysia also signed 11 MoUs, including the one involving MTR Corporation.

Airasia superapp continued to gain strong momentum, recording its highest quarterly average monthly active users (MAU) of 15 million in the second quarter of 2023, up 40 percent year on year. This led to a 102 percent year on year jump in the number of transactions at 7.9 million.

Gobi Partners, a pan-Asian venture capital firm, and The Hongkong and Shanghai Banking Corporation (HSBC) have on Friday signed a Memorandum of Understanding (MOU) to deepen their partnership to support the innovation economy in Hong Kong and ASEAN.

Malaysian digital services company MY E.G. Services Berhad (MYEG) has entered into a collaboration and secured regulatory approval to deploy its blockchain-based customs clearance and processing services for trade flows between the Philippines and China.

UEM Group Berhad, the wholly-owned subsidiary of Malaysian sovereign wealth fund Khazanah Nasional Berhad (Khazanah), has inked Memorandums of Understanding (MoUs) with local and foreign investors to develop a one gigawatt (GW) hybrid solar photovoltaic (PV) power plant integrated with a Renewable Energy (RE) Industrial Park in Malaysia.

Malaysia ranked 20th in the world based on the report of The Global Startup Ecosystem 2023, valuing the Malaysian start-up ecosystem at $46 billion for the first half of 2020 to 2022.

Malaysia-based venture capital firms 1337 Ventures and Leet Capital are back to host the ECF Accelerator Program in the country to help Malaysian small and medium-sized enterprises (SMEs) maximize opportunities through equity crowdfunding (ECF) fundraising.