Singtel and Ericsson first to deploy new 5G technology for dynamic network resource allocation

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    At the 2024 Singapore Grand Prix Formula 1, fans used a remedy.

  • No understanding of network funding &amp, administration needed to plug capabilities

ARRP was deployed at the 2024 Singapore Grand Prix Formula 1, held over the weekend, as part of Singtel’s 5G Express Pass offering to consumers which included twice the speed.
Singtel announced that Ericsson’s Automated Radio Resource Partitioning ( ARRP ) is the first wireless service provider to commercially deploy a new 5G capability.

The new software solution effectively allocates community resources to meet varying workloads of enterprises and customer applications, overcoming issues of over- or underprovisioning and reducing the risk of compromising system performance, in contrast to previous iterations of community slicing that required customers to pre-define their network requirements.

Singtel claimed that ARRP makes network management for enterprise customers less complicated and is especially advantageous for mission-critical applications where network requirements often change instantly.

ARRP was deployed at the 2024 Singapore Grand Prix Formula 1, held over the weekend, as part of Singtel’s 5G Express Pass delivering to customers. This made it possible for subscribers to broadcast the competition and festivities, discuss content on social media in real-time, and request ride-hailing services in a crowded environment with more than 250, 000 spectators over the course of three days. &nbsp,

Ng Tian Chong, CEO, Singtel Singapore, said,” With ARRP, businesses only need to identify their desired result and the program handles the remainder. Businesses can use the new capabilities of 5G and channel slicing even without any prior knowledge of community resourcing and administration. This opens the door for companies to look into potential uses for high-speed client events, smart manufacturing, and homeland security.

Daniel Ode, Head of Ericsson Singapore, Philippines and Brunei, says,” Ericsson’s Automated Radio Resource Partitioning option enables Singtel to identify and set quantifiable objectives or ‘ intents’ for its business customers, pertaining to upstream or downstream throughputs, along with a maximum resource utilisation in the network. Utilizing automation, in spite of the difficulties brought on by the rise in complexity, enables our customers to offer flexible and long-term service differentiation for outstanding network experiences.

Singtel has been constantly releasing new 5G features to help businesses increase their business activities. Since achieving complete 5G protection in 2022, it has developed techniques like system slicing that use network resources for certain purposes, also up to the level of portable applications. To find out more about ARRP, attend Singtel Networks.

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OMS Group allocates US0 mil  for investments in Global Cable Systems and Terrestrial Infrastructure

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  • Following KKR’s funding in OMS in 2023, the money was allocated.
  • Will partner telecoms providers to enhance system, change capex into green operating expenses

OMS Group allocates US$300 mil  for investments in Global Cable Systems and Terrestrial Infrastructure

OMS Group, a global leader in integrated telecommunications infrastructure solutions, announced that it has set aside US$ 300 million ( RM1.25 billion ) for investments to expand its submarine cable systems and terrestrial infrastructure. According to the business, this capital allocation comes after KKR invested in OMS Group in 2023.

The funding will help the group expand its network and offer businesses and organizations with important connectivity infrastructure. The company hopes to improve connectivity between crucial regions and encourage the expansion of modern technologies by expanding its submarine cable networks and earth infrastructure.

Ronnie Lim, party CEO at OMS Group, said,” Our funding is a direct reaction to the growing demands of the global digital habitat. The growth of data areas, cloud solutions, and the higher consumption rates of existing wire systems have created an urgent need to develop our system. As part of this vision, we aim to be a one-stop shop for client needs across subsea, Cable Landing Stations ( CLS), and terrestrial networks, starting with the Asean region”.

This integrated approach will facilitate access to our extensive services while even laying the foundation for our development into the larger APAC market, ensuring that we can satisfy the diverse and expanding needs of our clients in this dynamic environment.

Utilizing its long-term investment capital to aid them in transitioning capital expenditures into green operating costs, OMS Group will work with telecom providers to progress crucial infrastructure. The group is positioned to deliver strong digital backbone and scalable submarine cable solutions, which are essential for regional digital transformation. The investment includes developing uplink system from Constructors to data centers, which will further strengthen its “platformization” approach.

” Our move to guide asset ownership of submarine cable networks and CLS is in line with our goal to improve global connection, particularly in Asia. This purchase is in line with our goal of expanding the world’s system of telecommunications infrastructures and addressing the growing data demand. By incorporating earth downlink into our profile, we aim to offer a complete complement to our existing position in the changing telecommunications landscape, according to Rozaimy Rahman, CEO of Interconnect Managed Services.

With a different fleet of cable ships, barges, and cable docking stations serving the international communications industry, OMS Group is one of the largest separate operators in this sector. The team’s investments include Project MIST, an intra-Asia deepwater cable system stretching 8, 100 miles with a 216 TB ability, connecting Malaysia, India, Singapore, and Thailand through landing points in Chennai and Mumbai. Additionally, LitUp Network, a subsidiary of OMS Group, has developed four CLSs and network support facilities in Southeast Asia, including Malaysia, Indonesia, and Singapore, owning dark fibers and licenses to operate network facilities and infrastructure in these countries.

I’m proud to highlight our ongoing investments in vessels, subsea networks, robust terrestrial backhaul systems as we move forward with our company, OMS Group. These initiatives strengthen our commitment to comprehensive connectivity solutions and serve as a crucial backbone for the region’s digital economy. Our clients can rely on our proven experience and infrastructure as we develop to meet their changing needs, according to Lim Soon Foo, chairman of OMS Group.

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Concerns and implementations of AI in Malaysia’s digital landscape at the Malaysia Digital Tech Adoption Summit

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  • Suggestion to get information from the EU AI Act&nbsp,
  • Effective AI implementation starts with a clear, planned strategy

(From left): Ts. Fadzli Abdul Wahit, Head of Transformation, MDEC (Moderator); Fahri Aminudi, Resource Director, GDS IDC Services; Tiensoon Law, Deputy CEO, Innov8tif and Ts. Tan Aik Keong, CEO, Agmo Group Bhd.

The Malaysia Digital Tech Adoption Summit on September 12th attracted attention for the transformational power of AI across sectors, from complex system needs to functional software like fraud protection. AI is now reshaping the method companies operate, driving progress and efficiency.

As Malaysia positions itself as a hub for electric technology, there’s growing acknowledgment that AI is not just a forthcoming resource but a present-day catalyst for change. By supporting the country’s AI ecology and assisting it in strengthening, MDEC’s having the summit shows its commitment to promoting its development as a leading online economy, contributing to the creation of a more aggressive and tenacious economy.

A section,’ Navigating AI Landscape ‘ was held as part of the mountain.

” Today, big corporations and hyperscalers are building 100-megawatt data centres over a period of eight weeks”, said Fahri Aminudin, resource director of GDS International, speaking at the&nbsp,

GDS Holdings Ltd is a China-based designer and operator of high-performance info centers. In 2023, it inaugurated the Johor college of Nusajaya Tech Park.

Tiensoon Law, the lieutenant CEO of Innov8tif, and Tan Aik Keong, the CEO of Agmo Group Bhd, who accompanied Fahri, who both shared insights into how their businesses are navigating AI inclusion and driving innovation in their respective areas.

Moderated by Ts. Fadzli Abdul Wahit, Senior Vice President of MDEC, the board delved into the various AI software, strategies, and challenges faced by organizations striving to keep pace with this revolutionary technology. &nbsp,

In GDS’s situation, Fahri was referring to their position in the Artificial environment. ” We are preparing our network in terms of energy, in terms of cooling, as well as the GPUs and CPUs for these hyperscalers”.

” In the DC ( data centers ) business today, things have to be done as quickly as big companies and hyperscalers are building 100-megawatt data centers in over a period of eight months,” he said.

A hyperscaler is a business that runs large information centres and offers colossal amounts of computing power, usually via cloud services. These businesses support considerable system for large-scale information processing, storage, and control.

Additionally, Fahri emphasized how crucial energy and cooling are for tomorrow’s data centers.

” 10 years ago, in terms of cabinet cabinets for example, it was just around six to seven watt. Now, we’re talking about a 100-kilowatt cabinet to process data to support AI”, he said.

” We’re talking about 100 times faster, so we need to include enough strength”, he added.

Implementing AI implementation throughout an institution

When asked for his view&nbsp, on what are some important success factors in terms of implementing AI&nbsp, implementation throughout an institution, Aik Keong said that there are some items that are needed.

” You need to start with identifying your goals and what are your concern remarks”, he said. You may address the threats or automate some methods once you find them.

He even brought up the importance of checking data quality and availability.

” Maybe you might not have the information with the appropriate digital format”, he added.

When the data has been collected, it is necessary to set up the appropriate orders and decide whether any modification is necessary. For example, if you need a legal model AI, you do n’t have to use a large language model, as a small one would be more efficient.

Tiensoon agreed, saying that while” AI is the biggest phrase of today, many of its real-world programs are built on smaller types thanks to machine learning and deep learning, not always the standard AI applications that we are using now.”

He added that because LLMs ( large language models ) are receiving a lot of attention, more people are turning into experienced AI users, which lowers the barrier of entry into creating AI.

” That’s probably the reason why a lot of businesses, like technology firms and advertising agencies, are embracing conceptual AI and LLM to produce a lot of useful software,” he said.

Last but not least, Aik Keong also stressed the importance of a strategy. Implementing AI is a lifelong quest because it continuously evolves, so you have to think of it like a product.

He emphasized that a successful AI execution begins with a clear, organised approach as businesses increasingly look to it to improve operations. ” To adopt AI properly, you first need to determine your objectives—what are the issues you’re trying to solve? Second, make sure you have access to reliable data, as lacking reliable electronic data can be a big hindrance. When you’ve secured your files, you can decide whether flexibility is needed. For instance, domain-specific AI, like legitimate AI, does not require huge models, a smaller design trained on your data could be more successful”.

Aik Keong emphasized that the adoption of AI is a incremental process:” The next step is to assign an Artificial lead to handle training and adoption.” Additionally, management is important, as is creating a concise strategy for the next three years.

Agmo Group’s strategy emphasizes the need for businesses to have long-term, structured development while also being functionally and organizationally available for AI.
 

AI recommendations and addressing problems

There are issues raised in regards to the risks and challenges that AI poses in terms of both morality and security because it is quickly expanding and revolutionizing companies worldwide.

While Innov8tif does n’t have its own set of guidelines, Tiensoon said that they are using guidelines from AI Verify Foundation, a non-profit organisation established in June 2023 by the InfoCommunications Media Development Authority of Singapore ( IMDA ), with the aim to create international guidelines for AI’s responsible, secure, and innovative use.

” Some of its resources can help you analyze your data collection, mainly the organized people, and they’ll be able to inform you whether they’re biased or fair”, he added.

He even made a point about AI’s concerns about data privacy regulations, and he hoped there would be clear rules for how to use Circuit numbers and phone numbers in various companies.

” With the roll out of e-invoicing for all firms till July next year, Circuit numbers are going to be circulated everywhere”, he said.

Aik Keong is aware of the issue and cited the EU AI Act as an example of an AI regulation model that was put into place in August.

First, an AI technique has to follow regulation compliance. &nbsp,

Aik Keong said,” If your AI is a high-risk structure, as in it adversely affects safety or basic rights, it must go through this compliance evaluation before it could even enter the market to maintain transparency.”

Secondly, for general purpose AI models, they’ll need to go through things regarding documentation, they’ll need to have a summary of its data training to ensure it is n’t in the high-risk category.

Thirdly, its standards are applied internationally ( both EU and non-EU entities ) as long as AI solutions are used in the EU, the Act applies.

Due to the fear that AI will overtake people, the prospect workforce has become concerned.

However, Aik Keong presents the counter-argument that people that do n’t have AI skills wo n’t be replaced by AI but by those who use it.

Agmo believes that he is also focused on educating businesses for AI-driven prospects in addition to offering AI solutions. Through its AI Academy, the business monitors companies ‘ levels of technological eagerness and offers customized training programs to advance their skills. &nbsp,

This alternative approach ensures that the business is not only adopting Artificial solutions but is also developing the internal capacity to make the most of it.

Fahri on the other hand understood the concern that some people could n’t adapt and learn machine language, C-language, Python because “it’s too late”.

” Therefore, we need to have more innovations be it software, data centres, providing power, because of pay rate that data facilities are offering is on a much higher level, so that’s why we set up in Singapore, just to narrow the gap of the money, which is what drives ability as well”, he said.

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MDV strengthens fintech partnership with Capbay through US1.2 mil facility to boost SME growth 

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  • Attempts to increase supply chain banking solutions, provide financial products to M’sian SMEs&nbsp,
  • CapBay facilitated over US$ 813M in funding, with US$ 239M in Shariah-compliant cash

Left to Right: CapBay directors Darrel Ang, Dion Tan, Mohd Mokhtar Mohd Shariff (Chairman), Ang Xing Xian (CEO), Jasmine Lau, and Edwin Tan celebrate RM1 billion financing journey

Malaysia Debt Ventures Berhad ( MDV), a leading fintech company specializing in Peer-to-Peer ( P2P ) financing and supply chain finance, announced the continuation and expansion of its strategic partnership. MDV is extending a new US$ 1.2 million ( RM5 million ) facility to CapBay to further support tech-driven SMEs and improve access to alternative financing solutions.

MDV second partnered with CapBay in 2021 by providing a pilot account for purchase through CapBay’s P2P system. This fund, aligned with the Ministry of Science, Technology, and Innovation’s ( MOSTI ) 10-10 Malaysian Science, Technology, Innovation, and Economy ( MySTIE ) framework, aimed to support the industry’s recovery from the pandemic. The captain account has since grown six-fold, demonstrating MDV’s trust in CapBay’s revolutionary approach to Business funding and its powerful performance.

CapBay, globally recognised for its leadership in fintech, has facilitated over US$ 813 million ( RM3.4 billion ) in financing, including US$ 239 million ( RM1 billion ) in Shariah-compliant funding, benefiting 1, 800 SMEs across 20 industries. Featured in CNBC and Statista’s Global Fintech Companies list ( 2023 and 2024 ) and ranked 30th on the FT High-Growth Companies Asia-Pacific 2024 list, CapBay has achieved an 18x expansion and a 166 % compound annual growth rate ( CAGR ) from 2019 to 2022.

]RM1 = US$ 0.29 ]

Through its Multi-Bank Supply Chain Finance system, CapBay has transformed SME funding in Malaysia since its founding in 2017. It uses AI-powered credit rating, advanced information study, and machine learning to evaluate SMEs that are frequently overlooked by traditional lenders. With this strategy, CapBay is able to offer targeted financing while still maintaining a default rate of less than 0.3 %. CapBay’s P2P platform, which is licensed by the Securities Commission Malaysia, gives investors access to private credit deals with average net returns of up to 8.3 % annually while strategically diversifying funds across multiple financing notes to reduce risks and maximize returns.

The new RM5 million facility highlights MDV’s confidence in CapBay’s ability to provide effective financing solutions for startups and SMEs, particularly those battling traditional funding. With this partnership, CapBay intends to expand its supply chain financing offerings and offer creative financial solutions to Malaysian SMEs. These funds will enable the business to keep providing alternative financing options to Malaysian SMEs, many of whom are battling traditional banks to obtain loans. This aligns with MDV’s long-term goal of leveraging digital fundraising platforms to diversify financing options for technology-based companies.

” Our partnership with CapBay underscores MDV’s commitment to driving innovation in Malaysia’s rapidly evolving FinTech landscape”, said Rizal Fauzi, CEO of MDV. ” As SMEs face challenges accessing traditional financing, especially in the tech sector, we are facilitating critical funding that empowers these businesses to scale, innovate, and contribute to Malaysia’s economic resilience and growth. This partnership is a sign of our belief that underserved businesses can benefit from the potential of digital finance.

Mohd Mokhtar Mohd Shariff, chairman of CapBay, also expressed gratitude for MDV’s continued support. ” We deeply value MDV’s continued support and confidence in CapBay’s vision. The significant advancements we are making in the transformation of SME financing are reflected in our ongoing partnership with MDV. This collaboration provides meaningful opportunities for growth for us to promote innovation that targets underserved businesses. We are working together to promote long-term economic resilience and competitiveness in Malaysia by supporting SMEs ‘ success and also by creating a more inclusive financial ecosystem.

The collaboration between MDV and CapBay demonstrates a mutual commitment to fostering innovation in the financial industry. Through CapBay’s platform, MDV is helping technology-based SMEs access alternative financing solutions, overcoming traditional funding barriers and achieving sustainable growth.

Fintech, in our opinion, is revolutionizing the future of finance by providing novel ways to expand access to capital and help businesses succeed in a fast-paced digital world. We are confident in our ability to help underserved SMEs overcome traditional financing obstacles and accelerate their growth as MDV continues to champion forward-thinking partners like CapBay, said Rizal.

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Aspire sets new standards for compliance excellence with 5x growth in IT security, risk and compliance teams

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  • Appointed Summer Yu as global brain of Conformity
  • Tommaso Scarpa has been appointed Singapore’s Nose of Compliance.

Aspire sets new standards for compliance excellence with 5x growth in IT security, risk and compliance teams

Aspire, a leading all-in-one fintech firm, has announced the development of its compliance, threat, and IT security groups, which have grown tenfold in the last 24 weeks. The company stated in a statement that this action supports its optimistic global development strategies while upholding the highest safety standards for its partners and clients.

It further stated that it is making significant investments in its worldwide compliance team, which has grown by a whopping 2 % in the last year. This development expands its breadth of knowledge to help consumers navigate global markets confidently. Aspire’s expansion into its global footprint, which was marked by the purchase of an MSO permit in Hong Kong, a significant step in the company’s expansion plans, is critical to compliance.

Aspire sets new standards for compliance excellence with 5x growth in IT security, risk and compliance teamsWith two fresh strategic management meetings, the organization is also bolstering its compliance group. Summer Yu ( pic ) has been appointed global head of Compliance, and Tommaso Scarpa ( pic ) as head of Compliance ( Singapore ). Yu brings over 20 years of experience.Aspire sets new standards for compliance excellence with 5x growth in IT security, risk and compliance teamsexperience in international regulation at PayPal, Bytedance, and HSBC, while Tommaso’s prior experience includes serving as Group Head of Financial Crime at Currencycloud ( a Visa solution ). Both will play crucial roles in enhancing Aspire’s ability to adhere to compliance standards and improve its economic violence prevention framework.

Aspire has specialized groups that collaborate strongly with the Risk, IT Compliance, and Legal agencies to maintain a robust IT security framework in APAC, where a reportedly 20 % increase in economic crimes in the region has been reported over the past year.

The business has established an information security management program that is compliant with the most recent Standard requirements and is PCI-certified. Additionally, it has established a risk management strategy that includes regular reviews of IT and security risk exposures, to make sure that its operations are in line with its commitment to protecting information for its 20 000 world clients.

” A powerful compliance lifestyle sets the base of Aspire’s growth”, said Andrea Baronchelli, CEO of Aspire. ” As we gear up for important rise, we are building a group of the best business professionals. By investing heavily in our adherence, danger, and IT security teams, we maintain that Aspire not only meets but exceeds international regulatory standards, paving the way for a strong and sustainable potential”.

Aspire is a trusted spouse to Asia’s fastest-growing SMEs and companies. The business opened its first Financial Technology Excellence Hub in Singapore and was named one of CB Insights ‘ top 100 global fintech companies after obtaining a US$ 100 million ( RM425 million ) Series C funding round and achieving profitability in 2023.

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Shopee partners with government agencies to empower local sellers with regulatory knowledge

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  • Over 1, 000 native sellers attended the Summit
  • Sellers introduced to perspectives on business membership, Internet &amp, false regulations&nbsp,

Participants and experts from MOH, KPDN and JAKIM at the second series of Shopee DIgital Upskilling Summit

Through a five-part program, Shopee Malaysia wrapped up its next Digital Platform Upskilling Summit by providing over 1, 000 local retailers with vital governmental knowledge. In partnership with key federal agencies, the mountain addressed compliance, product integrity, and customer trust, aligning with the government’s efforts to enable MSMEs and job workers. &nbsp,

The second line introduced sellers to aspects of regulation conformity whereby experts provided insights on business membership, product accreditation, intellectual property, and beauty product regulations, while the second series delved into food advertising laws, pricing, counterfeit goods regulations, and Halal certification.

Md. KPDN Selangor’s Zaki al Abd Samad expressed his gratitude for the summit, saying,” This event has been instrumental in closing the gap between buyers and authorities. The cross structure, which combines in-person sessions with virtual membership, allowed us to participate directly with sellers, answers their queries, and understand complex regulations”. He continued,” This conversation helps buyers avoid legal pitfalls and strengthens their capacity to comply.”

The Ministry of Health’s Food Safety and Quality Department’s Badruzzaman al Abdul Rahim emphasized the tournament’s educational value, saying,” This program is a fantastic way for Shopee vendors to achieve a deeper knowledge of food marketing regulations. It’s important that product descriptions and advertisements comply with our laws. This workshop helps sellers gain the knowledge they need to act boldly in order to create a dependable and trustworthy market.

Additionally, Shopee University lessons on increasing traffic, increasing sales, and optimizing listings using sophisticated tools like ChatGPT were beneficial for participants.

Dealers who attended the conference shared their opinions on the program. Bibi Farizona Mahdi, user of Umairah Homemade Cakes on Shopee, remarked,” This program has been important for understanding state laws. The insight we gained are crucial for crossing regulations and moving our company forward. However, Wu Chih Ping, public manager of Local Income at Chek Hup, a renowned Malay coffee brand, added,” Shopee’s cooperation with government organizations has boosted my confidence in the program. Their commitment to providing us with information on compliance issues strengthens trust and provides us with valuable knowledge.

Tan Ming Kit, head of Marketing and Business Intelligence at Shopee Malaysia, emphasised,” Our commitment goes beyond providing tools for success. We recognise that selling online involves adhering to industry frameworks on business registration, advertisements, data protection, and payment regulations. By developing positive partnerships with government entities and stakeholders, we hope to strengthen the e-commerce ecosystem and give local sellers more autonomy. We work hard to unlock their full potential and advance Malaysia’s digital economy. Working together, we can make a lasting impact and support the growth of our entrepreneurs”.

Between November and the beginning of the 2025 season, the next installment of the Shopee Digital Platform Upskilling Summit is scheduled to take place. &nbsp,

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inDrive aims to strengthen growth in Malaysia with benefits to attract more drivers

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  • Introduce everyday insurance, grow driver support facilities to Penang, JB
  • Malay ride hailing is projected to reach US$ 570 million by 2029.

The number of users in Malaysia's ride-hailing market is expected to grow, reaching 11.47 million by 2029, with user penetration increasing from 28.1% in 2024 to 31.5% by 2029.
At a media event in Kuala Lumpur last week, Natalia Makarenko ( pic ) as marketing director APAC of inDrive, said,” We are committed to providing innovative, community-focused mobility solutions that resonate with local needs.

A global mobility and urban services platform named inDrive ( short of Independent Drivers ), which was founded in Yakutsk, one of the oldest and coldest cities in Siberia, Russia, in 2013 and expanded to include Malaysia, one of the hotter and more humid regions of Southeast Asia.

Since entering Malaysia in 2021, inDrive has expanded its footprint from the Klang Valley ( Kuala Lumpur and Selangor ) to Penang, Johor Bahru, and to East Malaysia in Kuching, Miri, Sibu, Bintulu, and Kota Kinabalu. It is currently looking into starting businesses in Melaka in the upcoming season.

Explaining its confidence in Malaysia, the company shared data from market data outfit Statista that showed the Malaysian market is set to grow at a CAGR of 3.5 % from 2024 to 2029, reaching a projected market value of US$ 570 million ( RM2.48 billion ) by 2029. The number of users in the ride-hailing market is expected to grow, reaching 11.47 million by 2029, with user penetration increasing from 28.1 % in 2024 to 31.5 % by 2029.

In the first half of 2024, it’s confidence increased by 20 % more rides and 21 % more active users. &nbsp,

InDrive stated in July that it had reached 10, 000 drivers in total by the end of June in Malaysia and was boldly aiming to increase this to 20, 000 by the end of 2024. By the end of this year, it anticipates an increase in the number of active drivers of 23 %. Effective drivers are defined as those who have completed at least one walk in the previous 30 days according to InDrive.

allowing the driver and customer to communicate fare in a fight with Grab and Gojek

Meanwhile the Southeast Asian ride-hailing market is expected to reach US$ 8.87 billion ( RM38.51 billion ) in revenue by 2024, growing at a CAGR of 5.39 % between 2024-2029. With such promising development leads, inDrive is positioning itself as a major player in the area, which poses a threat to business leader Grab and Gojek in Indonesia.

One of the characteristics of inDrive that it considers to allow it to compete with Grab and Gojek is that it enables drivers and passengers to instantly bargain fares.

Although both the vehicle and the customer have the option to bargain prices that are higher or lower than the app’s recommended price, there are limitations in place to ensure fairness for both parties. What proportion of trips are based on this strategy is unknown.

However, Govin Kumaar Panirsheeluam ( pic ), inDrive’s business development lead in Malaysia, declined to share what the limits are citing confidentiality. &nbsp,

Beyond ride-hailing, inDrive offers a range of utility solutions, including city and interstate travel, messenger, and “inDrive Services”, a system for users to supply for specialists from household assistance to pet services, catering to the varied needs of the Indonesian market.

Malaysia match strategy

InDrive is organizing a number of strategic initiatives in Malaysia to support expansion and expand its services. One involves obtaining drivers ‘ regular insurance policy, seeing how many individuals find it unnecessary to obtain monthly or yearly coverage based on their driving habits.

Govin said,” We are in debate to have regular e-hailing plan as a solution which will help individuals to get their license-to-drive with us, faster”.

This supports a profit that they already have. ” We now have established partnerships in area for car hire and insurance as well, where individuals can get them at a discounted level,” he said.

Govin anticipates that such incentives will lead to a rise in drivers because the Klang Valley’s ride-hailing industry has a known lack of drivers, which has increased customer wait times, which has led to poor motorist behavior, including canceling bookings.

Additionally, it intends to expand driver support centers to important cities like Penang and Johor Bahru, as well as look into the potential launch of an electric vehicle ( EV ) fleet to promote sustainable and creative mobility solutions, which will be implemented in all of the cities where inDrive is active.

These initiatives help the company realize its overall plan to leverage on Southeast Asia’s progress and provide its customers with value-driven solutions.

Future programs focus on improving the general driver practice, including the introduction of superior benefits such as insurance protection, loyalty programs, and training aid. &nbsp,

In a bid to undermine its industry that has been dominated by Grab, inDrive announced recently that it will offer 100 % of its 8, 000 individuals in the Philippines. Before receiving the formal approval in December 2023, InDrive was unregistered in Manila in January 2023.

Natalia declined to respond when asked if Indonesia or Malaysia might have similar ideas. Instead, she stated that” we aim to keep the payment we apply to the driver side of the market as low as possible and not exceed 10 %.”

She also declined to disclose how much of the US$ 300 million in cash it received from General Catalyst next month is being used to expand into new markets.

inVision aims to benefit&nbsp, 1 billion life by 2030

With the intention of favorably impacting the existence of over 1 billion people by 2030, inDrive continues to make a good impact on local communities through its generous shoulder, inVision. &nbsp,

Activities like BeginIT, which educates and discovers children from homes, boarding schools, and remote institutions about the future of systems, Aurora Tech Award, which supports female tech startup members, and Underdog Tech Award, an worldwide award for the best tech companies outside big tech hubs and areas. These activities are available to submissions and entries from Malaysia, and they are open to submissions and entries from all over the world.

Through responsible practices and positive initiatives, Natalia said,” Our objective is to not only offer a better ride-hailing experience but also be a valuable part of the communities we serve.”

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SAS collaborates with the government to advance Malaysia’s data analytics and AI capabilities

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  • attempts to have a 100-person workforce trained in AI and data analysis by 2025.
  • Engages with MDEC to help government’s modern transformation work

Left to Right: Amir Sohrabi, regional vice president for ASEAN-Korea and head of Digital Transformation for Emerging EMEA & Asia Pacific, SAS, guest-of-honour, minister of Digital Malaysia, Gobind Singh Deo, Febrianto Siboro, managing director (Malaysia, Indonesia, Vietnam), SAS.

Data and AI leader SAS announced its partnership with Premier Digital Tech Institutions ( PDTI ) by Malaysia Digital Economy Corporation ( MDEC ), furthering its commitment to Malaysia’s development as a digital leader. Through offering training and qualifications in Data Science and AI, the collaboration aims to provide support for MDEC’s Workforce Reskilling and Upskilling Initiative and provide students and teachers with data insights and AI abilities.

In a speech, SAS outlined its goal of training 100 pupils and teachers across PDTIs by the end of 2025, laying a solid foundation for Malaysia’s online business. This was made known during the opening of the new office for SAS, which was hosted by Gobind Singh Deo, the minister of digital Malaysia, at Menara IQ ( Persiaran TRX ). Through education courses and certifications, SAS’s announcements aim to bridge the gap between native talent desire and local talent provide.

” As a chief in information and AI, SAS is playing a crucial role in this national endeavor. Through our partnership with MDEC, we are committed to promoting retraining and upgrading in data analytics and AI, and equipping the workplace for today’s electric economy, according to Amir Sohrabi, local vice president for ASEAN-Korea and mind of modern transformation for Emerging Europe &amp, Asia Pacific, SAS.

” Our engagement with MDEC aims to ensure that Malaysia’s online business has a strong, future-ready skills network. We look forward to strengthening our engagement between the government, economy, and educational organizations to crystallize Malaysia’s leadership in modern technology. Also, we plan to make our training and certifications more visible and affordable”, he added.

However, Gobind said,” SAS has been at the vanguard of business analysis, having been established in Malaysia for over 40 times. The organization is recognised as the number one industry leader in AI and advanced analysis, with 91 of the best 100 Fortune 500 corporations as SAS clients. This partnership between SAS and MDEC is very welcome, and I encourage more businesses to work with the Ministry of Digital to expand the talent pool.

” The beginning of our Regional Hub KL business is a significant step in the SAS’s journey through Malaysia and the area. This company serves as a regional hub for Malaysia, Indonesia, and Vietnam, fostering synergies across regions and leveraging our regional partner system to deliver and implement SAS systems for local businesses and institutions”, said Febrianto Siboro, managing director ( Malaysia, Indonesia, Vietnam ), SAS.

” Along with our colleagues, we will deliver relevant activities and solutions to help local businesses in banking, insurance, and other businesses harness AI properly for fraud prevention, risk reduction, and strategic decision-making”, he added.

Operating in Malaysia for more than 35 times, SAS is trusted by banks, state, and local organisations to alleviate chance and meet regulatory conformity through its solutions.

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Malaysia Digital Tech Adoption Summit stresses acceleration of AI adoption

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  • Onboarded 140 AI alternative services into habitat with US$ 232mil revenue&nbsp,
  • 372 Mfis have completed onboarding at the Dattel Asia led MyDataHub. Ai

(L to R): Tan Aik Keong, CEO of Agmo Group; Ir. Wan Murdani Wan Mohamad, Head of Digital Industry Acceleration, MDEC; Syed Ibrahim Syed Noh, Chairman of MDEC; Gobind Singh Deo, Minister of Digital and Fadzli Abdul Wahit, Head of Transformation, MDEC.
In his opening address at the Malaysia Digital ( MD) Tech Adoption Summit: Artificial Intelligence ( AI), which was the first in a series of events aimed at accelerating AI adoption across industries, Gobind Singh Deo, Minister of Digital, stated that” through its AI initiatives, the Malaysia Digital Economy Corporation ( MDEC ) has successfully onboarded 140 AI solution providers into the digital ecosystem and has successfully generated US$ 232.2 million ( RM1 billion ) in revenue. &nbsp,

According to MDEC, these homegrown providers within the Malaysia Digital ( MD) AI ecosystem include a diverse mix of SMEs, larger non-SME companies and several public-listed entities. No specific date was given for the time frame during which the US$ 232.2 million revenue was generated.

The revenue achieved speaks volumes about the role AI is already playing in Malaysia’s economic transformation, said Gobind, from boosting productivity in small-and-medium enterprises ( SMEs ), to enhancing efficiency in large corporations.

The mountain, which is hosted by MDEC, provides a system for showcasing cutting-edge AI improvements, fostering business contacts across sectors, and promoting the widespread adoption of AI systems across various sectors.

Syed Ibrahim Syed Noh, Chairman of MDEC, said,” This summit is not just an event, it is a platform for action, as under the Malaysia Digital’s ( MD) national strategic initiative, this summit brings together industry leaders, innovators, early adopters, and key stakeholders to share insights, explore opportunities, and collaborate on AI-driven solutions that will define the future of our digital economy”.

As Malaysia continues its rapid modernization, AI implementation is key to unlocking the region’s potential possible. Emerging technologies, such as generative AI, are set to contribute US$ 113.4 billion ( RM488.9 billion ) in productive capacity by 2030.

Gobind likewise provided an update on the MDEC and Dattel Asia Group’s MyDataHub. Ai system, launched in June, to support SMEs gain access to US$ 34.79 million in funding and connect organizations and partners.

]RM1 = US$ 0.232 ]

” In only three times, I am happy to show that this program has reached out to more than 10, 000 MSMEs with 3, 613 expressing curiosity to ship onto the MyDataHub. Ai system. 372 Enterprises have completed their recruitment, and are benefiting from solutions offered via MyDataHub. Ai”, Gobind said.

While AI implementation promises a substantial effect across all levels of the company ecosystem, there are concerns nontheless, especially in terms of the eager energy use taken for each Artificial inquiry made and, particularly, from data centers. &nbsp,

Gobind assured that the government has measures in place to address the power issue and is aware of the concerns. We are aware that energy is a big issue in data centers. When requesting investments from global players, the government has taken these factors into account.

It is crucial to grasp that AI can also help us take preventive measures, Gobind said. Because we can identify the issues and take steps to resolve them, it saves us from trying to find out what the problem is and how to solve it.

Syed Ibrahim agreed, stating that “it is crucial that we build a society where AI is embraced at every level.” This includes ensuring that Malaysians from all walks of life have access to the tools and resources they need to participate in this AI-powered future by investing in upskilling our workforce, encouraging continuous learning, and making sure that we build a society where AI is embraced.

The summit aligns with Malaysia’s broader goals under the Malaysia Digital Economy Blueprint ( MyDIGITAL ), which seeks to transform the country into a digitally driven, high-income nation. The summit directly contributes to the objectives of the Fourth Industrial Revolution ( 4IR ), which aim for a 30 % increase in productivity through AI-driven solutions.

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Petronas wraps up digital acceleration programme for 2024 with inaugural cohort in Penang

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  • 12-day program strengthens students ‘ electronic literacy, increase job prospects
  • More copies to travel via collaboration with higher learning institutions, business

Excited participants with their facilitators at the conclusions of the bootcamp in Penang.

PETRONAS announced the successful completion of its 10-year BeDigital Program line, which likewise marked the program’s entry into the Peninsula Malaysia Northern Region.

Since its inception in 2022, the course has online empowered 860 individuals with 276 effective work matches after the implementation of 10 cohorts, supported by a total of 27 regional universities and over 90 hiring partners.

Held at Universiti Teknologi MARA’s ( UiTM) branch at Permatang Pauh, Penang, the cohort saw the participation of 98 final-year students from five universities namely UiTM Penang, Universiti Sains Malaysia, Universiti Utara Malaysia, Universiti Malaysia Perlis and Universiti Teknologi Petronas. This is BeDigital’s second place for 2024, following its workshops in the East Coast, the Southern Region as well as Sabah and Sarawak.

The final meeting was graced by Penang Governor, Ahmad Fuzi Abdul Razak, along with Petronas Senior Vice President of Malaysia Petroleum Management, Ir. Bacho Pilong.

Conducted mainly by Petronas talents in collaboration with tech partners, the 12-day programme aims to strengthen students ‘ electronic literacy, increase job prospects, increase marketability, and explore electronic entrepreneurship in support of the nation’s online aspirations.

The units are regularly updated to reflect market demands and cover in-demand digital skills like artificial intelligence and cyber security as well as powerful presentation abilities gained through a” fish tank pitch.”

Petronas Vice President of Group Project Delivery, Project Delivery and Technology, Ir. It is an enormous honor to introduce the BeDigital Course to the Northern Region for the first time, according to Shah Rizal Dahlan. This achievement demonstrates our commitment to expanding opportunities for growth and education for communities across the country.

Petronas, according to him, is anticipating more editions as a result of its ongoing collaboration with higher education institutions, key players in the sector, and hiring lovers who share its vision for the country’s online future.

Petronas BeDigital Bootcamp was first introduced in Kota Kinabalu, Sabah in March and August 2022, with 18 and 50 pupils both.

(Left to right): Maria Teo, Senior General Manager, Global HR Partners, Project Delivery & Technology (PD&T), Petronas; Prof Ts. Dr. Zaliman Sauli, Vice Chancellor, Universiti Malaysia Perlis; Ruslan Halim, Vice President and Group Chief Human Resource Officer, Petronas; Ir. Bacho Pilong, Senior Vice President, Malaysia Petroleum Management, Petronas; Ahmad Fuzi Razak, Governor of Penang State; Ir. Shah Rizal Dahlan, Vice President, Group Project Delivery, Project Delivery & Technology (PD&T), Petronas; Prof Ir. Ts. Dr. Mohamed Ibrahim, Vice Chancellor, Universiti Teknologi Petronas; Professor TPr. Dr. Jamalunlaili Abdullah, Deputy Vice Chancellor, Universiti Teknologi MARA Shah Alam branch; and Professor Ir. Dr. Haji Ahmad Rashidy, Universiti Teknologi MARA branch Pulau Pinang in a group photo at the closing ceremony of Petronas BeDigital Bootcamp, Northern Region.

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