Malaysia
AirAsia X to complete Capital A’s aviation business acquisition by end of this year
Malaysia-based budget airline AirAsia X (AAX) is expected to complete the acquisition of Capital A Berhad’s aviation business for MYR 6.8 billion ($1.49 billion) by the end of this year.
Alibaba Cloud launches Digital Accelerator Program to boost AI adoption and advance Malaysia’s digital transformation
Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has on Thursday announced a series of new initiatives to boost artificial intelligence (AI) adoption and advance Malaysia's digital transformation.
Malaysia’s KWAP allocates $109M to boost venture capital ecosystem last year
Malaysia’s retirement fund Inc’s (Kumpulan Wang Persaraan (Diperbadankan [KWAP]) has allocated MYR 500 million ($108.84 million) in 2023 to boost the country's venture capital ecosystem.
Malaysia’s Khazanah Nasional completes acquisitions of MAVCAP and Penjana Kapital
Malaysian sovereign wealth fund Khazanah Nasional has completed the acquisitions of Malaysia Venture Capital Management Bhd (MAVCAP) and Penjana Kapital, a step forward in advancing Malaysia’s venture capital ecosystem.
BMI : AI-grade data center to support sustainable digital economy in Malaysia
Artificial intelligence (AI)-grade data center will support sustainable digital economy in Malaysia, BMI Country Risk and Industry Research said last Friday.
US-based Equinix invests $5M to expand digital infrastructure in Malaysia
United States digital infrastructure firm Equinix, Inc. has on Monday announced an investment of MYR 23 million ($5 million) to acquire land from Cyberview Sdn Bhd in Cyberjaya to expand its data center capacity in Malaysia.
Malaysia’s Cradle leads ASEAN startup initiative to foster growth among regional startups
Malaysia's Ministry of Science, Technology and Innovation (MOSTI) as the National Committee on Science, Technology and Innovation (COSTI) Chair of Malaysia has mandated Cradle Fund Sdn. Bhd. (Cradle), the focal point agency for Malaysia’s startup ecosystem, to lead the ASEAN Startup Initiative under the Science, Technology and Innovation (STI) sector.
Malaysia’s AirAsia MOVE monthly active users down 13 percent year on year in second quarter
AirAsia MOVE, the superapp of Malaysia-based Capital A, saw its overall monthly active users (MAU) down by 13 percent year on year to 13.01 million in the second quarter.
Malaysia’s Iskandar Investment launches Tech Medini to catalyze digital economy sector for JS-SEZ
Malaysia's Iskandar Investment Berhad (IIB) has launched Tech Medini on Monday, a landmark initiative marking a significant leap forward in solidifying Medini's position as Johor’s premier Digital and Innovation Hub.
TM and Singtel’s Nxera break ground for sustainable, hyper-connected data center campus in Johor
Telekom Malaysia (TM), a Malaysia-based telecommunications firm, and Nxera, the regional data center arm of Singtel’s Digital InfraCo unit, have launched their data center campus in Iskandar Puteri, Johor of Malaysia.
