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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Carsome announces most successful quarter with over US0mil revenue in 2Q2024, new financing line from Maybank

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  • Revenue grew 9 % QoQ &nbsp, with over 3x EBITDA jump, GPU up by over 5 %
  • Push secondary business, particularly Carsome Capital with&nbsp, working funds ranges from banks

Carsome has just added a new working capital facility from Maybank to add to the RM100 million facility it got from AmBank in July. While it has not disclosed the amount yet, it is believed to be more than RM100 million.

The most profitable quarter to date for CARSOME Group Inc., the largest included car e-commerce platform in Southeast Asia, announced another significant step in the direction of its much-anticipated future IPO.

According to the company, in 2Q2024, it maintained a leadership position with about 35, 000 vehicles traded ( includes cars sold through Carsome&nbsp, via retail and B2B&nbsp, and CarTimes in Singapore ) and claimed it grew revenue by 9 % quarter-on-quarter ( QoQ ) to above US$ 310 million ( RM1.3 billion ). The EBITDA increased over 3x Ruler, and the gross margin increased by over 10 %. Despite the challenging macroeconomic environment, this continues the profitable development speed that Carsome first demonstrated in December 2023.

In line with the strong results, Carsome announced various new financing partnerships, such as with Ambank Group ( announced in July ) and Maybank ( not officially announced yet ), which will provide over US$ 46.17 million ( RM200 million ) in new working capital lines to support Carsome’s expansion plans. Carsome intends to utilize its market-leading level to promote its financing, plan, aftersales, and another auxiliary offerings to provide its dealers and customers with a complete one-stop option.

Carsome announces most successful quarter with over US$310mil revenue in 2Q2024, new financing line from MaybankEric Cheng ( pic ), Carsome’s co-founder, chairman and Group CEO, said,” This quarter’s results are a continuation of our profitable growth strategy. Our GPU ( Gross Profit per Unit ) is up by more than 5 % QoQ, even as customer acquisition costs continue to come down significantly, which is a testament to our strong execution, our value proposition, and our brand equity. We will remain on the right track to record-setting time. He cited the benefits of Carsome Capital’s support for expanding its secondary products, particularly Carsome Capital.

With NPL below 2 % for retail and 0.1 % for wholesale ( referring to B2B), we have established a strong operational track record. We are well positioned to utilize our magnitude to develop this business more thanks to the extra funding support and our demonstrated capabilities. This will keep Carsome top-of-mind as we better serve both current and new customers throughout the duration of their car ownership trip.

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Midwest Composites set to compete in Startup World Cup Grand Finale

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  • Midwest Composites may compete for the US$ 1 million royal prize.
  • Company will angle in front of international investors, network with leading VCs

(From left): Cradle Fund Group CEO, Norman Matthieu Vanhaecke; Midwest Composites CEO, Sethu Raaj; Growth Charger director, Iskandar Shafi’i and Pegasus Tech Ventures Investor, Yonathan Vincent Xavier.

The Malaysia Finals of Startup World Cup 2024 coincided with Malaysia’s Merdeka and Malaysia Day celebrations, reflecting the country’s aspirations to become a leader in the global startup ecosystem by 2030, as outlined in the Malaysia Startup Ecosystem Roadmap ( SUPER ) 2021-2030.

A total of ten high-potential startups, selected from a dynamic pool, presented their enterprise solutions across sectors such as learning technology, healthcare, clean energy, agriculture, and online platforms. These winners, chosen for their impressive techniques and market-ready options, impressed a panel of judges, including business leaders and owners from MDEC, The Hive Southeast Asia, Iris Capital Partners, Artem Ventures, Ignite Asia, MRANTI, and Sunway iLabs.

” Growth Charger is pleased to announce that Midwest Composites has won the Startup World Cup ( Malaysia ) 2024. Their success is a bible to the company ecosystem’s ability and creativity in Malaysia. As they head to Silicon Valley this October, we believe they will make a strong impact on the global stage and compete for a US$ 1 million ( RM4.35&nbsp, million ) investment. &nbsp, We are glad to Pegasus Tech Ventures, &nbsp, &nbsp, administrator of Startup World Cup 2024, and our colleagues for making this trip possible”, said Iskandar Shafi’i, producer and co-founder of Development Charger.

Sethu Raaj, CEO of Midwest Composites, said,” We are glad to have been selected as Malaysia’s official to the Startup World Cup in San Francisco. We look forward to demonstrating to the earth that Malay startups are world-class and have inventions that are comparable to those in any world ecosystem.

However, Norman Matthieu Vanhaecke, Group CEO of Cradle, said,” We are glad to help the skill and creativity demonstrated by our local companies at the Malaysia Finals of this year’s Startup World Cup. We at Cradle continue to look into ways and opportunities to display some of our top Malaysian businesses on the global stage, such as this Startup World Cup. These initiatives reflect our commitment to fostering and enabling these initiatives to realize their full potential both locally and globally, helping the nation achieve its goal of being one of the top 20 global company communities. Midwest Composites receives our sincere congratulations and wishes them the best of luck as they prepare to compete in San Francisco’s royal finals.

The event was supported by numerous key ecosystem players, including Cyberview and MDEC as strategic partners, WORQ and CloudMile as ecosystem partners, and supporting partners such as Invest Selangor, The Hive Southeast Asia, Gobi Partners, Iris Capital Partners, Curine Ventures, Kumpulan Modal Perdana ( KMP), Artem Ventures, Sunway iLabs, Ficus Capital, Ignite Asia, Indelible Ventures, TRIVE, Antler, International Medical University ( IMU), Endeavor, JomHack, NTT Group, NTT Startup Challenge, and Nestspace.

Shafinaz Salim, brain of Cyberview’s Tech Hub Development Division, said,” The Startup World Cup Championship is a testament to the amazing talent and vision of companies who are shaping Malaysia’s potential. We are thrilled to see Midwest Composites, a startup from our current Cyberview Living Lab® Accelerator ( CLLA ) cohort, emerge as the champion. We would also like to thank Vidanex and Faradays Energy, even from our present group, along with two of our students, Pandai and MengajiOnline, for making the list of winners. This success highlights their extraordinary skill and entrepreneurial spirit, underscoring the importance of supporting and nurturing them in their potential as Malaysia’s “next rainbows”

To promote a vibrant startup habitat in Malaysia,” CloudMile and Growth Charger work together.” With the goal of promoting the Malaysia business field, we provide the resources and tools they need to succeed. Madani Malaysia”! said Lester Leong, Country Manager of CloudMile Malaysia.

The Startup World Cup is a worldwide competition that connects company communities all over the world. The Malaysia Finals of the Startup World Cup 2024 represent a significant phase in Malaysia’s quest to become a global technology superstar because local championships are held abroad. &nbsp, Growth Charger, a company pedal and embryo, hosted the Malaysia Finals, with Cradle Fund Sdn Bhd as the Title Partner. The Asia School of Business ( ASB ) hosted the competition.

For more details about the Startup World Cup Malaysia Finals 2024, please visit: https ://www.growthcharger.com/startup-world-cup-malaysia-growth-charger-…

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MDEC opens application for 2024 digital grants in boost to creative firms and MD/MSC status companies

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  • Since its launch in 2016, DCG has played a significant role in assisting creative material companies.
  • Up to US$ 230k or 50 % of job prices are available through the Malaysia Digital Catalyst Grant.

Mechamato, created by Animonsta Studios, received a Digital Content Grant in 2019 for the development of the hit series.

Applications for three important grants have been made available for the Malaysia Digital Economy Corporation ( MDEC ), an organization that is under the Ministry of Digital Malaysia’s ( MDDE ) control. These include the Digital Content Grant (DCG) for 2024/2025, the Malaysia Digital Catalyst Grant ( MDCG), and the Malaysia Digital Export Grant ( MDXG). These offers, available from 9 Sept, are part of the MADANI government’s continued commitment to improve Malaysia’s modern economy. How much money was given to the three offers, according to MDEC. &nbsp,

Introduced in 2016, &nbsp, MDEC had, up to 2021, approved 94 projects worth US$ 8.38 million ( RM36.4 million ), according to Annuar Musa in June 2022 when he was &nbsp, Minister of Communications and Multimedia. However it should be noted that Annuar’s predecessor, &nbsp, Saifuddin Abdullah, who helmed the role from&nbsp, March 2020 to July 2021, said in June 2021 that US$ 10.82 million ( RM46.99 million ) from the Digital Content Grant had been allocated to&nbsp, 81&nbsp, companies in 2021. The award at that&nbsp, time was not strictly for online companies and formed four categories, namely film grants, documentary film grants, marketing grant, and the TV/OTT Programme grant in particular collaboration with Astro. Saifuddin&nbsp, explained that the Digital Content Grant&nbsp, for 2021 was an improvement of the Malaysian Creative Industry Stimulus Package launched on Feb&nbsp, 5 to ensure the survival&nbsp, of the country’s artistic industry during the Covid-19 crisis.

Animonsta Studios Sdn Bhd, one of the businesses that has benefited from the provides, received one in 2019 for its popular animated series Mechamato, which premiered on Cartoon Network and is currently streaming on Netflix. WAU Animation Sdn Bhd, which received the award in 2018 and 2019 for its Ejen Ali and Ejen Ali Season 2 line, was another victim that parlayed the award into a powerful line. &nbsp, The whole list of consumers since 2016 is available here.

The lead characters from Ejen Ali Season 2.

Digital Content Grant (DCG) 2024/2025

Since 2016, the DCG has been instrumental in supporting Indonesian creative content companies, enabling the development, production, and commercialisation of online content across different sectors, including animation, online games, online comics, and innovative technology.

Three distinct grant categories are included in the DCG 2024/2025, which are intended for different online content producers:

    Mini Grant: This grant is aimed to support the development, production, and commercialisation of digital content products with a ceiling amount of US$ 34, 545 ( RM150, 000 ) per grant recipient.

  1. Prime Grant: This grant supports the development, production, and commercialisation of digital content products, with a ceiling amount of US$ 115, 156 ( RM500, 000 ) per grant recipient.
  2. Selling &amp, Commercialisation Grant: This offer supports commercialising online articles products, with a roof amount of RM300, 000 per give recipient. ]RM1 = US$ 0.230]

Qualified candidates for the Mini Grant include native digital information companies, enterprises, sole proprietorships, partnerships, and limited liabilities partnerships. Prime and Marketing &amp, Commercialisation Grants are available for any local company incorporated in Malaysia with a minimum of 51 % Malaysian, issued share capital of RM20, 000.00 and with the Malaysia Digital ( MD) Status and/or the Multimedia Super Corridor ( MSC ) Status. Details of the full eligibility standards can be found on the website: https ://mdec.my/grants/dcg.

Malaysia Digital Catalyst Grant ( MDCG)

The MDCG offers up to RM1 million or 50 % of job charges, whichever is lower, to drive development in Malaysia’s online business. Focused on fostering scalable, high- impact solutions, the grant supports projects within the Malaysia Digital ( MD) Promoted Sectors for up to one year.

Since 2021, MDCG has been awarded to 59 companies, leading to improvements such as a cloud-based fault management structure and a production resource plan that boosted Small and Medium Enterprises ( SME) activities. These projects highlight digital innovation’s transformative impact on Malaysia’s digital champions.

Malaysia Digital Export Grant ( MDXG )

The MDXG, which also offers up to RM1 million or 50 % of project costs, supports Malaysian companies poised for global expansion through high-value technological activities. With a project life of up to a year, MDXG has helped to expand internationally, including promoting a small, locally owned company with a blockchain-based electric vehicle app in Southeast Asia and deploying 5G network-powered IoT solutions for ATM protection in global markets.

Local or foreign-owned businesses with the MD status are the only ones who can access MDCG and MDXG. Companies who have not yet received the MD designation are encouraged to apply, as it opens the door to a number of strategic advantages.

By securing MD status, companies gain prioritised access to MDEC’s comprehensive support network, greater visibility within the digital economy, and valuable opportunities for collaboration and growth within Malaysia’s forward-looking digital ecosystem.

To provide further information, MDEC will host two briefing sessions for the DCG on 11 and 24 Sept, and three sessions for the MDCG and MDXG on 12 and 18 Sept, and the last one on 2 Oct.

Applications opened yesterday, 9 Sept and will remain open until the funds are fully committed. Interested parties can submit their applications online at https ://malaysiadigital .mdec.my/.

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CelcomDigi empowers SMEs with 5G-AI insights at MY5G SME Conference

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  • Aid SMEs in the discovery of modern solutions that can make digital transformation happen more quickly.
  • Empower companies with proper strategies, tools to flourish in era of digital-everything

Afizulazha Abdullah (6th from left), CelcomDigi’s Chief Enterprise Business Officer, with speakers and CelcomDigi leaders at the recent MY5G SME Conference.

Through the MY5G SME Conference 2024, which was recently held at CelcomDigi’s Technology Hub in Subang Jaya, Selangor, CelcomDigi Bhd continues to support the digital transformation of Malaysian small and medium enterprises ( SMEs ).

The meeting aimed at empowering SMEs with the right insights, strategies, and tools needed to thrive in this era of digital-everything, bringing together industry leaders and technology experts to discover how 5G and AI-powered solutions can support access business opportunities and generate innovation, efficiency, and long-term growth for SMEs. &nbsp,

One of the features was the section,” Beyond Connectivity: Igniting Business Innovation Now for Tomorrow”, which explored the transformative potential of innovative digital solutions across various sectors. Esteemed panelists, including Mervin Yee, Executive Director of Nippon Express, Raja Jesrina Raja Arshad, co-founder of PurelyB, and Sharon Haniffa, Group Executive Director of MAHSA University, shared insights on how they have leveraged online tools to improve productivity, size their operations, facilitate innovation, and increase customer experiences. &nbsp,

CelcomDigi’s Chief Enterprise Business Officer, Afizulazha Abdullah emphasised the company’s commitment to be the trusted business partner for SMEs. These industry leaders and speakers have shown how embracing digitalization can push the boundaries of what is possible in this digital-everything era. We want to enable these transformations for SMEs, and empower them to transform, grow, and thrive by supporting them at every stage of their digital journey”.

Afizulazha added,” What’s the one thing you would like to do better for your business? We are here to encourage and assist SMEs in discovering digital solutions that can lead to greater change.

One of the main highlights of the 2024 CelcomDigi MY5G SME Conference is:

    Industry insights on digitalisation: During the panel discussion, Mervin highlighted how digital tools have transformed logistics operations, driving efficiency and new growth opportunities. Raja Jesrina described how the right data has helped PurelyB better target their customers, and Sharon praised MAHSA University’s ability to use technology to introduce its innovative online programs to students from other countries.

  • Tech experts sessions: The conference featured additional sessions from leading technology companies, including AWS, Google, Microsoft, Infront Consulting, and Bridgenet Solutions. The speakers covered a range of topics, including the transformative potential of edge computing for SMEs, AI, and cybersecurity.
  • AWS: Ronan Casey, Senior Solution Architect, discussed how cloud computing can fuel business growth and innovation.
  • Google: Neelaksh Sharma, Principal Architect for Telco, explored how AI and edge computing are transforming business operations.
  • Microsoft: Ricky Haryadi, ASEAN Go-To-Market Lead for AI at Work and Cybersecurity, &nbsp, and Tan Mei Yan, ASEAN Partner Solutions and Sales Manager provided insights on AI strategies to unlock future organisational potential.
  • Infront Consulting: Law Wen Feng, Solutions Manager, presented on E-Invoicing and its impact on business process efficiency.
  • Bridgenet Solutions: Lim Choon Meng, Presales Manager, shared best practices for securing business networks with advanced firewall and SD-WAN solutions.

The CelcomDigi AI Experience ( AiX ) Centre, a state-of-the-art facility designed to encourage rapid innovation of 5G, AI, and other emerging technology solutions across various industries, gave SMEs who attended the conference the chance to witness first-hand the application of 5G and AI solutions at the conference. This will help Malaysia’s efforts to advance its 5G-AI aspirations.

The MY5G SME Conference is a part of the CelcomDigi MY5G Series, which includes a three-part MY5G CEO Series program and national MY5G SME Digital Workshops to raise awareness of the benefits of digitalization as well as 5G adoption and applications in Malaysian business communities.

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Malaysia’s Meraque Group and Uzbekistan Ministry of Agriculture ink agriculture technology partnership

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  • collaborating on the creation of a helicopter habitat plan for agriculture
  • Prioritise learning, knowledge-sharing, and servicing within agricultural field

Razali Ismail, CEO and founder of Meraque; Shakhobjon Sharifov, Director of the State Institution (Administrative and Economic Service) and Ibrokhim Y. Abdurakhmonov, Minister of Agriculture, Uzbekistan.

Meraque Group, a leading Indonesian robotics solutions firm, announced the establishment of a strategic relationship with the Ministry of Agriculture of the Republic of Uzbekistan, highlighting their shared commitment to driving innovation, engagement, and development in the agrarian technology sector.

The partnership was formalised through a MoU, signed by Shakhobjon Sharifov, Director of the State Institution ( Administrative and Economic Service ), and Razali Ismail, CEO and founder of Meraque, witnessed by Ibrokhim Y. Abdurakhmonov, Minister of Agriculture of the Republic of Uzbekistan.

” We think that this strategic partnership will enhance our skills as well as advance the development of a green agricultural industry.” Razali Ismail, CEO and founder of Meraque,” We are committed to working closely with the Ministry of Agriculture to produce cutting-edge options that may benefit both governments.”

With about 4.3 million hectares of land being used for cultivation, including 1 million acres for fabric and another million for several other crops, Uzbekistan has an extensive agricultural environment. The nation is also making strides in expanding its agriculture industry, focusing on fruit and vegetable creation. Meraque said it sees this partnership as an opportunity to expand its knowledge of helicopter technology and mechanical solutions to transform Uzbekistan’s agricultural sector in light of its enormous potential market.

Within the next three years, Meraque aims to secure a US$ 4.6 million ( RM20 million ) facility from a Malaysian bank&nbsp, to establish a cutting-edge manufacturing facility in Uzbekistan. This initiative is expected to generate 1, 000 new jobs and service 100, 000 acres of agricultural land, contributing an estimated US$ 13.8 million ( RM60 million ) in value. However, Razali, who has bootstrapped the company since its 2018&nbsp, start now plans to raise RM30 million in VC money to fuel additional advancements in agricultural systems across the region.

]RM1 = US$ 0.23]

Meraque’s important role in developing a comprehensive drone ecosystem policy specifically designed for agriculture is one of the partnership’s key objectives. In order to promote sustainable growth and efficiency improvements in the country’s great agricultural sector, this policy will regulate and expand drone technology.

The agreement will prioritise schooling and knowledge-sharing, focusing on training programs, management of helicopter ecosystems, and cleaning within the agricultural industry. With monitoring of 100, 000 farmers, the Ministry of Agriculture of Uzbekistan is poised to benefit from improved effectiveness, productivity, and conservation through this relationship.

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Meraque, Uzbekistan Ministry of Agriculture forge partnership to revolutionise agricultural technology

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  • Partnership aims to create 1, 000 jobs, help estimate US$ 13.8 mil in price
  • Meraque intends to stable US$ 4.6 million to construct a production facility in Uzbekistan.

Razali Ismail, CEO and founder of Meraque, Shakhobjon Sharifov, director of the State Institution (Administrative and Economic Service) and Ibrokhim Y. Abdurakhmonov, minister of Agriculture of Uzbekistan

A leading Indonesian technology solutions provider Meraque Group has established a strategic relationship with the Ministry of Agriculture of the Republic of Uzbekistan. This agreement marks a major milestone for both organisations, underscoring their shared responsibility to driving innovation, engagement, and development in the agrarian technology sector.

The partnership was formalised through a Memorandum of Understanding, signed by Shakhobjon Sharifov, Director of the State Institution ( Administrative and Economic Service ), and Razali Ismail, CEO and Founder of Meraque, with the ceremony witnessed by Ibrokhim Y. Abdurakhmonov, Minister of Agriculture of Uzbekistan.

With 4.3 million hectares of land in Uzbekistan, with 1 million acres dedicated to fabric and another million to numerous other crops, the country’s intensive agricultural scenery includes. The nation is also making strides in advancing its gardening industry, which focuses on the production of fruits and vegetables. This presents a significant opportunity for Mérezque to expand its knowledge of mechanical and satellite technology to transform Uzbekistan’s agricultural sector.

Over the next three years, Meraque aims to secure US$ 4.6 million ( RM20 million ) in investment to establish a state-of-the-art manufacturing facility in Uzbekistan. This initiative is expected to generate 1, 000 new jobs and service 100, 000 acres of agricultural land, contributing an estimated US$ 13.8 million ( RM60 million ) in value. Additionally, Meraque plans to raise US$ 6.9 million ( RM30 million ) to further drive advancements in agricultural technology across the region.

Meraque’s cooperation with the Uzbekistan Ministry of Agriculture to create a complete aircraft habitat plan specifically for agriculture is a key component of the relationship. This plan may govern and improve drone use in the agricultural sector, helping to promote sustainable growth and efficiency.

The agreement will also focus on learning and knowledge-sharing, with training programs, management of aircraft ecosystems, and cleaning within the agricultural business being important priorities. With monitoring of 100, 000 producers, the Ministry of Agriculture is poised to benefit from improved efficiency, performance, and conservation through this engagement.

” We think that this strategic partnership likely enhance our skills and advance the development of sustainable agriculture globally. Working closely with the Ministry of Agriculture of the Republic of Uzbekistan, Razali Ismail, CEO and founder of Meraque,” we are committed to developing cutting-edge options that may benefit both governments.”

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Cradle board member Faizah Mohamed Amin passes away

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  • Creative leadership in nurturing Malaysia’s it landscape commonly recognized
  • Foliage an enduring tradition of innovation, development, and commitment to Malaysia

A seasoned technocrat with over 20 years of cross-industry experience, Faizah's career spanned leadership roles in local and multinational corporations.

The organization sends its sincere condolences to Faizah Mohamed Amin’s relatives and loved ones after she passed away peacefully at the age of 56.

In September 2019, Faizah was made an impartial non-executive director on Cradle’s table. She even held the office of chairman for the Board Audit, Risk, and Governance Committee and was a valued member of the Board Election and Remuneration Committee.

A skilled engineer with over 20 years of cross-industry knowledge, Faizah’s career spanned authority roles in regional and global companies. She was important in various national and international premier initiatives, including Malaysia’s first-generation Internet, the National Public Cloud, and Saudi Arabia’s first wise area, Madinah Knowledge Economic City.

She even contributed to ground-breaking projects like Malaysia’s first electric baby manufacturing facility for Tier 1 Aero Plant, such as the Bahrain Twin Tower.

Faizah spent a significant portion of her job at TM Bhd holding a number of top leadership roles. In 2014, she joined UMW Group as the President of UMW Technology and afterwards, in 2018, was appointed the Managing Director of HP Inc., Malaysia. Under her authority, HP Malaysia won many prestigious awards, including Malaysia’s Excellence Marketing Award and Malaysia’s Excellence HR Award in 2019.

Her creative leadership and commitment to nurturing Malaysia’s systems surroundings were widely recognised and celebrated, said Cradle. ” Faizah’s passing represents a significant loss to Cradle and Malaysia’s startup ecosystem. She leaves behind an enduring tradition of innovation, progress, and dedication to the development of systems in Malaysia and beyond”, said the firm.

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TNG eWallet, Arus Oil partner to power Malaysia’s circular economy for a sustainable future

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  • People is recycle used cooking oil and receive payment straight into their app.
  • Encourage M’sians to discard used cooking oil, earn incentives &amp, positively impact the environment

The partnership between TNG Digital and Arus Oil was formalised with the signing of a MoU at TNG Digital’s office. The MoU was signed by representatives from both parties, including [from left] Chatichai Chong Jian Wei, chief marketing officer of Arus Oil, Mohd Syazwan bin Abd Majid,CEO of Arus Oil, Alan Ni, CEO of TNG Digital, and Adeline Lum, director of Merchant Business (Commercial) of TNG Digital.

TNG Digital Sdn. Malaysia’s largest integrated fintech player, Bhd, has made a significant step toward sustainability by forming a pioneering partnership with Arus Oil ( My Protech Sdn Bhd ), marking the company’s first entry into the circular economy. The parties stated in a joint statement that this collaboration will help TNG eWallet users recycle used cooking oil (UCO ) and receive payments directly into their eWallets, converting waste into money while aiding in a more sustainable future.

Used cooking oil is frequently discarded rather than recycled, which causes waste and wasted solutions. Fuel can eventually enter the sewer system as a result of poor disposal, polluting rivers and seas. TNG Digital and Arus Oil are urging both homes and businesses to use Arus Oil via TNG app to embrace responsible and effective oil recycling methods in response.

Alan Ni, CEO of TNG Digital, shared,” We are excited to start our first economic, social, and governance ( ESG) association with Arus Oil, aimed at promoting recycling and conservation. As the country’s leading app, we believe our duties extend beyond providing economic products and services. Through our TNG eWallet platform, we are committed to creating a complete and lasting ecosystem that improves both the well-being of our customers and the atmosphere.

” With this effort, we encourage Malay to discard their used cooking oil, earn returns, and create a positive impact on the environment through our system. He continued,” This agreement with Arus Oil is a major step forward toward a brighter and more sustainable future for all.”

” This program not only reduces risks related to environmental pollution, but it also encourages the development of renewable energy and the decrease of waste, while also offering households and businesses tangible financial advantages,” Ni said.

Arus Oil, which began its fuel collection initiatives in 2017, has previously collected 1, 000 kilograms of UCO through designated set items. Arus Oil now has TNG app as its first app spouse, making it easier and faster to recycle materials and to have money credited to users ‘ eWallets in real-time.

CEO of My Protech, Syazwan Majid, stated,” At Arus Oil, we are driven by the conviction that conservation is an opportunity to have a positive impact on both our culture and community. This collaboration with the No. By turning spend into a source, the 1 eWallet in Malaysia complies with our goal to create a greener society. By facilitating the disposal of UCO through the digital system, we are empowering Malaysians to directly support environmental protection and solar power while earning rewards. Collectively, we are not just imagining a ecological future—we are constantly building it”.

If home UCO is kept in a non-flammable place at room temperatures, it can be collected and stored in a crystal bottle or jerry is. Restaurants that handle larger amounts of UCO are advised to apply barrels. People who want to buy their UCO to Arus Oil using TNG app can do this:

1. Click the Arus Oil symbol in the TNG paytm to access it.

2. Click on” Create Appointment”.

3. Include the information needed, along with a photograph of the to be taken UCO.

4. With a minimal pickup weight of 5 kg, Atlas Oil may email the user to organize a delivery at their convenience.

Users ‘ Voyager card will immediately receive funds earned from recycling UCO, which can be used for bills and other purposes, adding value to this environmentally friendly actions.

Arus Oil, which is now based in the Klang Valley, intends to expand its services to other locations, including East Malaysia and the northern territory. During the battle time from 9 September to 23 September 2024, the government can even take UCO to the Arus Oil Collection Center at 30, Jalan Industri USJ 1/4, Taman Perindustrian USJ, 47600 Subang Jaya, Selangor, recycle it via the TNG eWallet app, and get a specific rate of RM3/kg.

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