Malaysia

According to Maybank IBG Research, the broadening global electronics demand, spurred by the AI boom, has supported a modest economic recovery in the first half of 2024 and is brightening the second half outlook for the ASEAN-6 markets (Malaysia, Singapore, Thailand,Indonesia, Vietnam and the Philippines).

The plan also aims to turn Malaysia into a regional AI hub.

Malaysian property developer Tanco Holdings Berhad has partnered with Chinese infrastructure group China Communications Construction Company Limited (CCCC) to develop Malaysia’s first smart artificial intelligence (AI) container port.

Malaysian knowledge workers use artificial intelligence (AI) more than their global counterparts, a report said Thursday. Microsoft Corp and LinkedIn said in their 2024 Work Trend Index, a joint report on the state of AI at work, that 84 percent of knowledge workers in Malaysia (versus 75 percent globally) now use AI at work.

Boost Bank by Axiata and RHB (Boost Bank), a homegrown digital bank, has on Thursday announced the launch of its digital bank app to Malaysians.

UEM Group Berhad (UEM Group) through its wholly-owned subsidiary and green industry arm, UEM Lestra Berhad (UEM Lestra), has on Wednesday signed an agreement to develop a 500-megawatt (500 MW) hybrid solar power plant with Blueleaf Energy, a leading green renewable energy platform, and ITRAMAS Corporation Sdn Bhd (ITRAMAS).

In the interview, Soft Space Chief Strategy Officer Chris Leong also shared the company’s challenges, its path to profitability, competitive advantage, the trends he sees in the financial infrastructure space, among others.

Minister of Science, Technology and Innovation Chang Lih Kang said the development will focus on the manufacturing process and energy production on a large scale, while also being able to accommodate general demand.

Senangdali, a subsidiary of Malaysian Insure-Tech Senang.io, has partnered with Philippine fintech firm GoodTech, to offer loan protection insurance product specifically designed for rural banks in the Philippines, underwritten by local insurance providers.

Malaysian property developer S P Setia Bhd (Setia) has unveiled its newest app Setia Go in a bid to elevate Setia’s smart communities, in collaboration with Chinese tech firm Ant Digital Technologies with its cloud-to-end one-stop solution mobile platform-as-a-service (mPaaS).