The International Finance Corporation (IFC), the global development institution of the World Bank Group, has signed a memorandum of understanding with Cagamas Berhad, the National Mortgage Corporation of Malaysia, to advance green building finance in Malaysia, further supporting the country’s sustainable development goals. IFC said in a statement on Monday that the collaboration aims to promote climate-smart investments in the housing and broader building sector and improve the...

The Asia-Pacific (APAC) region is highly vulnerable to natural disasters such as typhoons, earthquakes, and floods. With climate change increasing the frequency and severity of these events, governments and organizations across APAC are turning to artificial intelligence (AI) to enhance preparedness, response, and recovery. Explore how it’s being deployed to mitigate the impact of natural disasters, highlighting real-world applications that demonstrate its transformative role in...

Terabase Energy, a global digital and automation solutions for utility-scale solar power, has announced the closing of its $130 million Series C financing round. Led by SoftBank Vision Fund 2, with participation from both existing and new strategic investors, this round brings the company’s total funding to over $200 million, Terabase said in a statement on Thursday. The new funding will support Terabase’s efforts to transform the renewable energy landscape by accelerating the...

As the world grapples with the ever-evolving challenges of climate change, Malaysia remains resolute in its commitment to the Paris Agreement even as key global players have chosen to step back from this critical accord. For Malaysia, climate action transcends politics—it is a moral imperative for our people and planet. As a nation, we will continue to honor the principles of the Paris Agreement, setting an example of steadfastness in the global climate dialogue. Despite contributing...

Malaysia’s Managed Industrial Park (MIP) NCT Group of Companies, has partnered with OM Charge Sdn. Bhd to create a more sustainable transportation ecosystem at NCT Smart Industrial Park (NSIP). NCT Group said in a statement on Thursday that the firm through its subsidiary NCT Smart Management Sdn. Bhd., has signed a memorandum of understanding (MoU) with OM Charge to install electric vehicle (EV) charging infrastructure within the park. The collaboration will see OM Charge delivering...

Malaysia-based Islamic digital bank AEON Bank (M) Berhad has embarked on a strategic collaboration with fintech enabler focusing on female empowerment MADCash Sdn. Bhd. to empower 100 female entrepreneurs from B40 communities to kickstart their businesses and grow their entrepreneurial skills. The program is anchored on Bank Negara Malaysia’s iTEKAD, a social finance initiative that aims to uplift local microentrepreneurs from communities in need across the country, the duo said in a...

Malaysia’s sovereign wealth fund Khazanah Nasional said Wednesday that it achieved a profit from operations of MYR 5.1 billion ($1.15 billion) in 2024, driven by disciplined monetization strategies, steady dividend income and fair value gains from global public equities. The firm said in a statement that its balance sheet remains healthy with realizable asset value (RAV) over debt ratio at 3.2 times. Meanwhile, the fund’s net asset value (NAV) in 2024 increased to MYR 103.6...

Clime Capital, the Singapore-based fund manager focused on accelerating the low carbon transition, has on Tuesday announced an investment in Ampotech, a Singapore-based energy management solution provider with operations in Vietnam. This investment, facilitated through the Southeast Asia Clean Energy Fund II (SEACEF II), will support Ampotech’s regional Southeast Asia expansion with an initial focus on market growth in Vietnam, Indonesia, and the Philippines, the duo said in a...

Dynamic pricing has been a controversial practice as it raises ethical questions about fairness and transparency. Instead of prices fluctuating due to supply and demand, e-commerce and hotel booking websites have been subjected to scrutiny; prices may vary based on a user’s browsing behavior, location, and potentially their perceived willingness to pay, and different users are charged differently. This practice involves analyzing data such as: Browsing Hhstory: Websites may track...

Malaysia-listed digital services company MY E.G. Services Berhad announced a strategic collaboration with MyDigital ID Solutions Sdn Bhd to establish a blockchain-powered national digital identity ecosystem, the MyDigital ID Superapp, marking a major advancement in the battle against online fraud. This partnership between MYEG’s wholly-owned subsidiary MYEG Alternative Payment Services Sdn Bhd and MYIDSSB underscores both organizations’ commitment to driving technological...

Nestlé Philippines, the world’s largest food & beverage company, has partnered with Mober, a green logistics services in the Philippines, to integrate electric vehicles (EVs) into its mid- and last-mile delivery operations, supporting its goal of achieving net-zero emissions by 2050 and helping meet its environmental, social, and governance (ESG) goals. As part of the partnership, Mober will provide electric trucks (e-trucks) to service Nestlé Philippines’...

Employers have pointed out gap between academic training and industry needs in Malaysia. Malaysia is rushing to foster engineering talent to meet the country’s ambition to become a major player in the global semiconductor industry. Long a manufacturing hub in Asia, Malaysia is now expanding its chip sector, especially into frontend processes such as integrated circuit design. But businesses have continued to feel the pinch of a talent shortage, with students showing less interest in...