Malaysia

The Ministry of Science, Technology and Innovation (MOSTI) of Malaysia and its agency, Cradle Fund Sdn. Bhd. (Cradle), have announced the list of seven winners for the MYHackathon 2024 Cohort 1 program.

Malaysia's online crime cases increased 35.5 percent year on year to 34,532 cases in 2023 from 25,479 cases in the previous year, with e-commerce crime accounted for 33.2 per cent, official data showed Wednesday.

Malaysia's green technology and data center are some of the sectors of interest for foreign investors, UBS said in its recent note.

Malaysia's sovereign wealth fund Khazanah Nasional Berhad (Khazanah) will launch the Emerging Fund Managers’ Program (EMP) and the Regional Fund Managers’ Initiative (RMI) under the National Fund-of-Funds (NFOF) to boost the country's venture capital ecosystem.

The Malaysian car market, which is traditionally dominated by petrol vehicles, is now witnessing a gradual shift in interest towards EVs – with 25 percent of Malaysians being interested in buying an EV, driven by rising fuel costs and environmental considerations.

Malaysia Retail Chain Association (MRCA), a 562-member organization representing Malaysian retailers and Maxis, a Malaysia-based integrated telco, have signed a memorandum of understanding (MoU) to drive the adoption of 5G technology solutions in bolstering the domestic retail sector.

Malaysia-based Capital A Berhad announced Monday that shareholders have voted in favor of the proposed disposal of the group’s aviation business to AirAsia X (AAX) at an extraordinary general meeting (EGM).

UOB Malaysia has on Monday announced that it will provide MYR 1 billion ($230 million) to support Malaysia's oil and gas services and equipment (OGSE) sector decarbonization and energy transition journey.

Malaysian Investment Development Authority (MIDA) has announced seven green deals at the International Greentech & Eco Products Exhibition and Conference Malaysia (IGEM) 2024 last week to boost green investment in Malaysia.

MYStartup, in collaboration with the Malaysian startup accelerator WatchTower and Friends (WTF), has announced the launch of the MYStartup Pre-Accelerator Cohort 5, aimed at discovering and nurturing promising early-stage startups across the nation.