Malaysia
Hong Kong’s FWD partners Malaysia’s Artem Ventures to launch $10.22M fund
FWD Group Holdings Limited (FWD Group) has on Thursday announced the launch of TIM Ventures, a MYR45 million ($10.22 million) venture capital fund in collaboration with Artem Ventures, a Malaysia-based venture capital firm, to invest in emerging start-ups in the insurtech and Islamic fintech space in Malaysia.
Carsome Mobility Lab unveils five up-and-rising stars
Five mobility startups have presented their innovative pilot projects on Wednesday during the Carsome Mobility Lab demo day. The five companies are Asia Mobiliti Tech (smart mobility solutions), Carmen Automotive (SG) (vehicle data analytics solutions), Moovby (peer to peer car-sharing marketplace), MyBump Media (leading crowd advertising platform) and…
US digital infrastructure firm Equinix enters Malaysia with $40M data center investment
Equinix, Inc., the United States-based digital infrastructure company, announced Wednesday its market entry into Malaysia with plans to build a new International Business Exchange TM (IBX) data center located in Johor, called JH1. With an initial investment of approximately $40 million, JH1 is scheduled to begin operations in the first quarter of 2024.
PolicyStreet partners foodpanda Malaysia to digitise delivery partners’ insurance
Malaysia-based insurance technology firm PolicyStreet has teamed up foodpanda Malaysia to digitise delivery partners’ insurance for better protection. All of foodpanda Malaysia’s delivery partners classified as gig workers nationwide will be enjoying simplified insurance processes as part of PolicyStreet’s commitment to close the insurance protection gap…
MYStartup accelerator Program Cohort 2 opens for registration, offering funding to fuel tech startups in Malaysia
MYStartup, is bringing back the Accelerator Programme for Cohort 2 following the success of Cohort 1 during its launch in June earlier this year. To meet the criteria for the Accelerator Programme, the startup must be (i) an incorporated company in Malaysia; (ii) a tech startup with a scalable nature; (iii) in the stage of MVP or revenue-generating and;…
UK FinTech giant Wise sees cross-border payments in Malaysia still lag behind, aims to close gap [Q&A]
In the interview, Lim also shared why Wise's services would be appealing to Malaysians, the payment firm's strategy to expand further in the country and the challenges it faces.
Malaysian Central Bank aims to issue up to five DITO licences
Malaysian Central Bank has on Friday issued the exposure draft on licensing and regulatory framework for Digital Insurers and Takaful Operators (DITOs) for written feedback following the issuance of the discussion Paper earlier this year. The bank aims to finalise the policy document and invite the applications for licence in 2023. Meanwhile, up to five…
EY and Microsoft expand alliance to help businesses achieve net-zero goals
The EY organization and Microsoft has on Friday announced a deepened strategic relationship to further develop environmental, social, and governance (ESG) data management offerings that support clients with achieving operational decarbonization and net-zero goals.
J&T launches fresh delivery service in Malaysia
J&T Express Malaysia announced Tuesday that it has commenced full operations of the fresh delivery service in Malaysia. The J&T Fresh Delivery service is an end-to-end delivery of fresh produce from Cameron Highlands to Klang Valley, ensuring that the produce reaches its destination in the shortest time possible.
Ni Hsin launches electric vehicle motorcycles in Malaysia
Ni Hsin EV Tech Sdn Bhd, a wholly-owned subsidiary of Malaysia-listed Ni Hsin Group Berhad, has on Tuesday launched its TAILG EBIXON electric vehicle (EV) motorcycles. The firm has unveiled two models of its TAILG EV motorcycles in the personal and commercial categories: the TAILG EBIXON BOLD and TAILG EBIXON TORQ.
