Malaysia
Australia’s Lynas, Korea’s JS Link to build rare earth magnet factory in Malaysia
Australia's Lynas Rare Earths and South Korea's JS Link will jointly develop a rare earth permanent magnet factory in Kuantan, Malaysia, following a memorandum of understanding signed in July 2025.
Malaysia’s fintech Boost launches agentic AI banking platform, handling 90% of customer enquiries
Boost, a Malaysian digital bank and fintech company, has announced enhancements to Boba AI, its agentic AI platform that enables customers to complete everyday banking tasks through chat and voice interactions across the Boost app and Boost Bank app.
B2B cross-border trade payment platform XTransfer opens Malaysia office as strategic Southeast Asia hub
XTransfer, a B2B cross-border trade payment platform, inaugurated a new office in Malaysia late last week, positioning the country as a strategic hub for its Southeast Asia operations and deepening its localized presence across the region.
Ant International opens Global Development Centre in Kuala Lumpur, backed by 1,500 fintech roles
Singapore-headquartered Ant International opened its Global Development Center (GDC) in Kuala Lumpur, located within Malaysia's international financial center TRX.
Malaysia’s fintech firm Ascertain Group expands to Indonesia, Oman, India
Ascertain, a Malaysian financial technology and payments ecosystem provider, is expanding into Indonesia, Oman, and India, in order to exporting its homegrown financial infrastructure.
Malaysia’s Digital Penang, OSK Ventures to jointly expand financing access for AI, deeptech startups
Digital Penang and OSK Ventures International Berhad have signed a one-year memorandum of understanding to strengthen access to growth capital for startups and SMEs in Penang, Malaysia, with a focus on AI, Hardtech, and Deeptech sectors.
Germany’s DDB AG acquires Singapore’s Infinium Robotics in $22M deal
German-listed Deutsche Defence Beteiligungen AG (DDB AG) has acquired Infinium Robotics, a Singapore-founded logistics technology company with deployments across Malaysian warehouse and logistics operations, in a transaction valued MYR95.6 million ($22 million).
Gobi Partners leads Khazanah-backed investment in Malaysia’s GreatAsic to build chip design capabilities
Gobi Partners has invested in GreatAsic through multiple funds, including Gobi Dana Impak Ventures, a fund backed by Khazanah Nasional Berhad through Dana Impak, as part of GreatAsic's recently closed $6.9 million Pre-Series A round led by Vertex Ventures Southeast Asia and India.
Malaysia’s Digital Penang, Indonesia’s KUMPUL renew partnership to strengthen cross-border startup ecosystem
Malaysia's digitalization agency Digital Penang and Indonesia's startup ecosystem KUMPUL have renewed their memorandum of understanding for 2026 to 2027, reaffirming their commitment to strengthening the startup, innovation, and entrepreneurial ecosystem across Malaysia and the region.
Austria’s AT&S secures AMD deal, to invest €2B to expand chip capacity in Malaysia, China
Chipmaker Austria Technologie & Systemtechnik Aktiengesellschaft (AT&S) will expand production capacity for high-end IC substrates for artificial intelligence (AI) and high-performance computing, with investments spanning its Kulim facility in Malaysia and its Chongqing plant in China, totaling €1.5-2.0 billion ($1.74-2.32 billion).
