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Auto Bavaria partners Affin to expand EV charging infrastructure for electrified mobility in MalaysiaAuto Bavaria, an authorized dealership for premium automaker in Malaysia, has on Wednesday announced a strategic collaboration with Malaysian financial services provider Affin Group to enhance the country’s electric vehicle (EV) charging infrastructure. Auto Bavaria said in a statement that this partnership aligns with both organizations’ environmental, social and governance (ESG)...0 Comments 0 Shares 421 Views 0 Reviews
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CGS International sees potential downside risks to Malaysia’s technology sector earningsCGS International said Tuesday that the potential trade and industry policy changes under newly elected US President Trump, headwinds from Malaysian Ringgit’s strengthening against the US dollar, as well as muted demand recovery for consumer electronics, could lead to downside risks to Malaysia’s technology sector earnings. The research house said in a note that President...
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Consistent Q3 2024 momentum positions Malaysia’s Carsome for first full profitable yearMalaysia-headquartered Carsome Group, Southeast Asia’s largest integrated car e-commerce platform, continues to deliver record profitability, with adjusted EBITDA increasing over 3x quarter-on-quarter (QoQ). Ancillary income for the group rose by 26 percent, bringing overall gross margins to over 10 percent, the company said in a statement on Wednesday. The group reported over $305...0 Comments 0 Shares 891 Views 0 Reviews
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Corporate Malaysia could contribute to doubling venture capital funding to $250 million by 2030, says reportCorporate Malaysia could contribute to doubling venture capital funding to reach MYR 1.1 billion ($250 million) by 2030, a report said Monday. Capital Markets Malaysia (CMM), an affiliate of the Securities Commission Malaysia (SC), Boston Consulting Group (BCG), and its tech build and design unit BCG X, said in the report that attracting increased private sector funding is essential for...0 Comments 0 Shares 2K Views 0 Reviews
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Deloitte: Malaysia leads SEA region with record IPOs this yearMalaysia has led Southeast Asian (SEA) region with record initial public offerings (IPOs) this year, Deloitte said Tuesday. The firm said in a statement that this year has been an exceptional year for Malaysia’s IPO market as it has seen 46 listings in 2024 thus far – the highest since 2006 – up from 32 across the whole of 2023. The total amount raised through IPOs has...0 Comments 0 Shares 2K Views 0 Reviews
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DNeX, Gamuda team up to provide Google distributed cloud services in MalaysiaMalaysia-based firms Gamuda Berhad (Gamuda) and Dagang NeXchange Berhad (DNeX) have teamed up to provide novel air-gapped Google distributed cloud services (GDC Services) to the public and private sectors in Malaysia. The duo said in a statement on Tuesday that they have through their wholly-owned subsidiaries, respectively – Gamuda Technologies Sdn Bhd (Gamuda Technologies) and DNeX...0 Comments 0 Shares 831 Views 0 Reviews
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E-ConomySEA 2024 report: Malaysia’s digital economy to hit $31B in 2024Malaysia’s digital economy is poised to reach $31 billion in gross merchandise value (GMV) in 2024, an increase of 16% from 2023 according to the latest e-Conomy SEA 2024 report by Google, Temasek, and Bain & Company. The trio said in a statement that Malaysia’s digital economy has progressed towards profitability while maintaining double-digit growth for GMV. They noted...0 Comments 0 Shares 1K Views 0 Reviews
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Global technology firm Kyndryl opens new office in MalaysiaKyndryl, the global information technology (IT) infrastructure services provider, has opened its new office in Kuala Lumpur, the capital city of Malaysia, on Thursday. This milestone underscores Kyndryl’s commitment to its local customers and advances its efforts to establish Malaysia as an ASEAN hub for mainframe modernization, the firm said in a statement. According to the statement,...0 Comments 0 Shares 550 Views 0 Reviews
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Google introduces new strategic initiatives at Malaysia’s National AI Office LaunchTwo strategic initiatives between Google and government agencies were introduced on stage yesterday at the launch of Malaysia’s National AI Office (NAIO), aimed at transforming public service delivery through the power of generative AI. These initiatives build upon Google’s ongoing commitment to Malaysia, which includes a US$2 billion investment in a new Google data center and...0 Comments 0 Shares 482 Views 0 Reviews
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The Power of PPC Advertising Through a Digital Marketing AgencyThe actual current digital camera time, corporations must have a solid on-line existence to be competitive. Simply because the planet turns into extremely interconnected, electric selling features blossomed as the important device for the purpose of manufacturers to interact with in relation to their audiences, develop trademark attention, and additionally get revenue. Then again, directing...0 Comments 0 Shares 3K Views 0 Reviews
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