Accelerators & Incubators
Policy & Regulation
Malaysia on track for commercial 5G rollout by Q3
Prime Minister Mahathir Mohamad is hoping the technology will propel the country into a developed nation by 2035.
Buyout firm Affinity Partners weighs sale of Malaysia’s Island Hospital
Island Hospital, founded in 1996, has 300 beds with over 50 full-time specialists who treat more than 300,000 patients a year, according to its website.
Grab promotes "safe driving", initiates GrabBike pilot programme in Malaysia
GrabBike sets foot in one of the most thriving locations in Malaysia
TDM Bhd to buy 70% THP-YT Plantation
This acquisition will also improve TDM’s average age profile and provide a positive contribution to TDM’s cashflow.
HPP Holdings Bhd
HPP Holdings seeks to list in Bursa Malaysia’s ACE Market
The company will use the IPO proceeds to increase its production capacity, widen customer base in local and overseas markets.
Malaysian motorcycle ride-hailing startup Dego Ride is back in business with 700 drivers onboard
Dego Ride claims to be the first motorcycle e-hailing service operating in Malaysia before being banned due to safety concerns.
7-Eleven Malaysia acquires 46% stake in Dego Ride operator for $1.8m
MSB operates bike-hailing firm Dego Ride, which launched its services in the country on Wednesday, January 1 with over 700 riders and operations spanning Putrajaya to Shah Alamin.
Malaysia to issue up to five licences to new online lenders in 2020
The new lenders will have access to the country’s shared ATM network.
Visa-free 2020 entry for tourists from China and India
Tourists from China and India will be able to visit Malaysia without a tourist visa next year.
iflix co-founder Mark Britt steps down from CEO role
Britt said he will continue to be part of the startup as a full-time executive director, while Marc Barnett, managing director, will be assuming the CEO role.
OPPO to establish an APAC Hub Centre in Kuala Lumpur
OPPO also mentioned, they're also collaborating with up to 15 telcos in the APAC region to work together on the 5G Landing Project.
GrabPay, Touch’ n Go, and Boost selected for Malaysian digital money initiative
The three e-wallet platforms will distribute a total of MYR 450 million to encourage cashless transactions
Luxury lifestyle brand Oxwhite smashes Malaysia's ECF records with US$1.2M fundraise via pitchIN
Oxwhite raised the money from 485 investors and also attracted the largest individual crowdfunding investment of US$260,000.
Carsome closes US$50M Series C; aims to be operationally profitable by end-2020
Carsome, which has over 6K dealers across 50-plus cities in Malaysia, Thailand, Indonesia and Singapore, aims to be Visa/Master network of auto transactions.
Malaysia's Inmagine Group launches AI-powered online creative platform Designs.ai
It features Videomaker, a video creation tool that leverages AI and millions of premium content to transform your input script into an edited video in a short time.
Malaysian beverage distributor Etika acquires Singapore’s Advend Systems
Malaysia-based drinks distributor Etika Sdn Bhd has agreed to acquire Singapore-based vending machine operator Advend Systems, which is backed by Dymon Asia Private Equity, according to a press statement.
Malaysia's Aerodyne forays into US with the acquisition of drone inspection firm Measure
A new entity has been formed to provide turnkey aerial inspections of infrastructure assets in the energy utilities, renewable energy, and oil & gas sectors.
Sino Hua-an to acquire tech company Touchpoint Group
With this acquisition, Hua An now includes digital business transformation solutions as part of its portfolio.
NETS, PayNet launch cross-border debit payments service
The two are also working on cross-border instant fund transfers and QR payments.
Tourplus raises US$400K by SOSV Chinaccelerator and a China private investor
In addition to Tourplus and 42, we also have updates from Alibaba Group and an interview with Mandiri Capital CEO.
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