Malaysia

Cashku, a Malaysian digital wealth platform that describes itself as AI-native, has partnered with fund management Muamalat Invest to widen its range of Shariah-compliant investment products.

Malaysia’s 2027 budget maintains a gradual reduction in the fiscal deficit despite elevated subsidy and social-support spending, with a general election due by February 2028. The deficit target of 3.3 percent of GDP, from a slightly upward revised 3.6 percent in 2026, preserves the government’s medium-term consolidation path, Fitch Ratings said.

Salary Hero, a Bangkok-based financial health platform, has raised $7.6 million in Series A equity funding.

A group of seven banks has arranged an expanded multi-currency financing package of MYR15 billion ($3.7 billion), for DayOne Data Centers, a Singapore-headquartered digital infrastructure company.

Bitdeer Technologies Group, a Singapore-headquartered technology company for AI and Bitcoin mining infrastructure, has signed an eight-year data center services agreement for a 60-MW facility in Malaysia.

The expansion, made through a partnership with Thailand-based market-access and B2B consultancy RevSEA, kicked off last month with the launch of an 18-month gamified marketing campaign for one of Myanmar’s largest e-wallet providers.

According to Anwar, Malaysia's economy is projected to expand by a commendable 4.2 percent to 5.2 percent in 2027. Growth in 2026 is projected at between 4.8 percent and 5.3 percent.

The additional allocation is expected to benefit around another 9,000 small and medium enterprises (SMEs) including microenterprises to have access to affordable working capital, Bank Negara said in a statement following the tabling of Budget 2027.

U Mobile and Telenor Linx have launched SIM-based phone-number verification in Malaysia, with Firebase support for developers.

Malaysia's Ministry of Digital, via MyDIGITAL Corporation, will provide Coursera courses for 100,000 Malaysians, in order to advance the country's AI Nation 2030 initiative.