Malaysia
Proton : 87% of local suppliers express intention to collaborate with China suppliers in EV components
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.
Malaysia’s MYEG partners freight forwarders to promote ZTrade adoption for cross-border trades
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.
Bursa Carbon Exchange now offers continuous trading for Renewable Energy Certificates
Bursa Carbon Exchange (BCX), a wholly-owned subsidiary of Bursa Malaysia Berhad (Bursa Malaysia), has announced the successful go-live of its renewable energy certificates (RECs) continuous trading on September 9, 2024.
Australia’s NEXTDC seeks $1.9B loan to expand data centers in Asia
NEXTDC Ltd, an Australian data-center operator, is eyeing a AUD 2.9 billion ($1.9 billion) syndicated loan from banks to expand its operations in Asia, including Malaysia, as demand for digital infrastructure surges, Bloomberg reported.
Software unicorn OutSystems sees “immense potential” in SE Asia as it taps opportunities for AI-powered low-code technology [Q&A]
OutSystems was last publicly valued at $9.5 billion after raising a $150 million Series E in February 2021, but Forbes reported that the valuation halved to $4.3 billion after its last fundraising round in October 2022.
Malaysia’s Sidec launches accelerator program to boost SMEs and startups ecosystem
The Malaysia-based Selangor Information Technology and Digital Economy Corporation (Sidec) has announced the launching of the Twin Accelerator Program which comprises the seventh cohort Selangor Accelerator Program (SAP24) and the second cohort of Selangor E-Commerce Xccelerator (ECX24).
Malaysia’s Maybank invests in Funding Societies
Malaysian lender Malayan Banking Berhad (Maybank) has announced a strategic investment in Funding Societies | Modalku (Funding Societies), an unified digital finance platform for micro, small and medium enterprises (MSMEs) in Southeast Asia.
Carsome’s 2Q revenue hits “above $310M”, announces $46.2M new financing partnerships
In the second quarter of 2024 (2Q2024), Carsome said it maintained its leadership position with about 35,000 vehicles traded and grew revenue by 9 percent quarter-on-quarter (q-o-q) to above $310 million.
Taiwan’s ELNA PCB opens $230M manufacturing plant in Penang
ELNA PCB(M) SDN. BHD., a Malaysian printed circuit board (PCBs) subsidiary of Global Brands Manufacture under the Taiwan-based Passive System Alliance (PSA) Group, has on Tuesday announced the opening of its second plant in Penang, Malaysia, with an investment exceeding MYR 1 billion ($230 million).
Malaysia’s ZUS Coffee raises $57.35M from KV Asia Capital, KWAP and Kapal Api for global expansion
Malaysia's tech-enabled coffee chain ZUS Coffee has secured investment from an investor consortium comprising private equity firm KV Asia Capital, pension fund Kumpulan Wang Persaraan (Diperbadankan) (KWAP), and Indonesian-based fast-moving consumer goods (FMCG) player Kapal Api Group.
