Malaysia

Grab, GrabFood

Grab Malaysia claims it sees delivery-partners benefitting from new earning structure during peak-demand periods amid riders’ protest

Their main demand is for Grab to reinstate the previous base fare of MYR5 ($1.06) for deliveries within the Klang Valley, which was reduced to MYR4 ($0.85) earlier this week, the report added.

Grab, GrabFood

Grab Malaysia defends revamped delivery fee framework amid riders’ protest call

Grab Malaysia said that to strike a balance between all its stakeholders, the company constantly seek to review its policies to provide a fairer, more stable earnings to those who need it the most.

Malaysia’s Meals in Minutes nets $1.5M from 500 Global to scale operations in Malaysia, Singapore, and the UK

Malaysian-based food startup Meals in Minutes has on Wednesday announced that it has successfully secured $1.5 million in a seed round. The round is led by an early-stage venture fund and seed accelerator, 500 Global, with participation from a private investor.

Malaysia’s Techna-X acquires 51 percent stake in IT firm Netsec

Malaysia-based energy storage and digital transformation enabler Techna-X Bhd (Techna-X) and information technology (IT) firm Netsec Sdn Bhd (Netsec) have on Wednesday announced the formation of a groundbreaking joint venture that aims to revolutionize the cybersecurity landscape in Malaysia and beyond. This strategic partnership will see Techna-X acquiring…

BCX inks deal with MPIA to enhance voluntary renewable energy certificates market

Bursa Carbon Exchange (BCX), a wholly-owned subsidiary of Malaysian stock exchange Bursa Malaysia Berhad, has announced a strategic collaboration with the Malaysian Photovoltaic Industry Association (MPIA), marking a significant step in the enhancement of Malaysia’s voluntary renewable energy certificates (RECs) market.

A closer look at Warren Buffett-backed Chinese EV giant BYD’s plan in Malaysia

Besides BYD, several Chinese car makers such as Great Wall Motor, SAIC Motor and Geely have been expanding their footprint in Southeast Asia.

TrueMoney Malaysia now supports DuitNow QR

TrueMoney, a Malaysia-based e-wallet and digital payment platform under Ascend Money, a joint venture between The Charoen Pokphand Group (C.P. Group) and Ant Financial (Alibaba), has on Tuesday announced its enablement to pay with DuitNow QR.

Careplus, GoAuto JV to commence $130M green technology facility in Malaysia

NexV Manufacturing Sdn Bhd (NMSB), a joint venture company between Malaysia-based glove maker Careplus Group Berhad and the automotive solutions provider GoAuto Group Sdn Bhd, will start the construction of a MYR 600 million ($129.17 million) green technology facility dedicated to manufacture and assembly of new energy vehicles, including electric vehicles…

Malaysia’s Warisan TC inks deal with China’s GAC AION to distribute EV in Malaysia

Malaysian passenger car rental firm Warisan TC Holdings Berhad (WTCH) has inked a deal with Chinese electric vehicles (EVs) manufacturer GAC AION New Energy Automobile Company Limited (GAC AION) to distribute EVs in Malaysia.

Tony Fernandes’s global empire to be broken up into five listed companies “utlimately”

“So in the end, my dream is when I retire, five listed companies, one in America and four in other parts of Asean,” Tony Fernandes said.