Digital News Asia

By:
On:
In: Technology
  • Tourplus CEO embodies leader hurry, with keen gaze for chance
  • Owners have the highest duty, may convey optimism &amp, hope

The partnership with Tourism Selangor will earn Rickson Goh revenue, expand his supply of products and give him market inroad.

Some Malaysian startup founders have acquitted themselves as well as Rickson Goh, the gentle said founder of travel tech company Tourplus Technology Sdn Bhd, if you want to see how well they have handled the Covid-19 pandemic.

In the midst of a terrible halt in Malaysia’s tourism industry, he never merely raised eyebrows in the ecosystem with a powerful US$ 1 million seed capital fund raise, but he also went on to form some partnerships that will place his travel tech startup quite well when the tourism rebound occurs. Plus, he has also started talking to buyers on raising his second large as he projects profits for 2021 to reach US$ 1.65 million ( RM7 million )– almost none of it coming from vacation.

But what exactly is he smoking and what exactly is he spitting in his te sir? Turns out it is nothing more than leader rush and a strong desire for success. &nbsp,

Cuts win-win cope with Tourism Selangor

Tourplus, which had no mobile application before this, announced in a simple press release that it had worked with Tourism Selangor to create a wireless application for the state agency.

The true story is that Tourplus and Tourism Selangor have a 50:50 revenue share contract under the name Get Selangor for any income made through the game. Better yet, the state agency will start promoting Tourplus to those interested in the state agency’s database by encouraging all manufacturers of travel-related products to start digitizing their operations ( though this is not an exclusive agreement ).

As Rickson points out, the majority of these vacation players are small businesses, which would have been nearly impossible for Tourplus to enter. Instead, then it gets a reputable position company to make the introduction.

” We expect the game does go sit in Oct 2021″, says Rickson. Tourplus did examine business arrangements and installation in the app, operate and make the payout, etc., he states.

As Selangor intensifies efforts to prepare the journey ecosystem for the post-pandemic go rebound, Go Selangor may serve as the state government’s official travel app.

A crucial part of the efforts to find habitat players, most of whom are SMEs, available, is to encourage them to digitalise so that their vacation packages, services and inventory may be added to Get Selangor.

Rickson, who first proposed the idea in March and was given approval by the Selangor Information Technology and Digital Economy Corp. in July, believes that this partnership will benefit more rural operators or “hidden gem providers” that are not in the main stream platforms like Klook.

It is also a sweet deal for Rickson, who is preparing himself for the post-pandemic rebound by adding new inventory to his database. The latest of his recent cutbacks to his fundraising efforts in October, 2017.

Rickson Goh shows how you deal with a pandemicHis back was against the wall by that point, so the timing could n’t have been better. It was not an easy time, he admits. There was little to no money being made, and the statement” We were running out of money then” was true.

Even Rickson ( pic ) struggled to see any light, and the team had lost hope. It was very difficult for me. Day and night, I was trying to figure out a way to survive. We founders have the highest responsibility. No matter how we feel inside, and sometimes I felt helpless, but we have to exude hope and optimism for the team”, he says.

A quick foray into providing frozen food to consumers was unsuccessful. The key moment, however, came when he made the decision to forgo any international travel for at least for 24 months. A startup that had built its future off of inbound travel to Malaysia made a chilling realization.

Hanging out in Parliament, getting TSP status, convincing investors

Rickson swung into action. In the early stages of the pandemic lockdowns, webinars rose in popularity, and Rickson started taking classes there to learn from other business owners. He also became aware of the benefits of local players going digital and learned about the various government initiatives that are being implemented to help businesses. This would serve as Rickson’s lifeline as domestic tourism was awaiting a return to life.

” I was able to persuade my investors that domestic tourism was the best course of action and that the various government Covid aid recovery programs offered short-term opportunities.”

One of his biggest advantages was the stable government relations he established over a short period of time. He claims that it was not from funding any projects but rather from supporting the government in digitizing brick and mortar businesses, particularly those in the travel industry. He had to travel to the Malaysian Parliament to meet with relevant ministers in order to make his pitch, which helped Tourplus become recognized as a TSP ( Technology Service Provider ).

With this recognition Tourplus was able to assist businesses in requesting the Digital Marketing Grant, which is a component of the Malaysian Government’s efforts to assist businesses in recovering from the effects of the pandemic. They were qualified for up to a RM5,000 grant, and we have already received 200 companies ‘ approval from an overall 800 applications for the grant.

This work not only keeps his 20-strong team ( 30 % are part-time ) busy but has helped with cash flow as well.

Rickson Goh

Key collaborations in China, instant access to 200k hotel rooms globally

One important collaboration between Rickson and the Chinese travel agency ChongQing China Youth Travel Service started in April of this year.

Even though we raised money, traveling is still our main business, according to Rickson, adding that income and cash flow must be closely monitored.

” We need to keep innovating as well and I need to hire tech people, UI/UX designers, product people which will also help us scale”.

Another exciting development, one that he has kept under wraps is a partnership he has struck with China’s largest OTA ( Online Travel Agency ), the Nasdaq listed Ctrip. Users of the Tourplus app can now now directly book 200, 000 hotel rooms from all over the world where Ctrip has hotel partners thanks to an API integration.

” It is a very exclusive priviledge to be given the trust of API integration with a business like Ctrip,” Rickson asserts. That likely cuts both ways because Ctrip, which was founded in 1999, likely sees a little of itself in the ferocious startup from Kuala Lumpur and its gritty founder.

Continue Reading

CelcomDigi, U Mobile and ZTE deploy 360° cameras with remote virtual reality broadcast at SUKMA 2024

By:
On:
In: Technology
  • 360° devices in sports arenas offer Multimedia sets for enhanced gaming experiences.
  • By expanding the range of electronic fact, 5G-Advanced enhances the XR knowledge.

(left to right): Idham Nawawi, CEO, CelcomDigi; Fahmi Fadzil, Minister of Communications; Steven Ge, CEO, ZTE Malaysia; Wong Heang Tuck, CEO, U Mobile

From Petra Jaya to Putrajaya. While SUKMA 2024 kicked off in Sarawak on Aug 17 and will end today Aug 24, Minister of Communications, Fahmi Fadzil had the opportunity to immerse himself in the atmosphere of Stadium Sarawak, from the comfort of his office in Putrajaya on 20th Aug, via a Virtual Reality (VR ) headset, powered by 5G-Advanced (5G-A ).

This was made possible as a result of a partnership between CelcomDigi and U Mobile, in order to show the viability of 5G-A in enabling modern innovations. &nbsp, &nbsp,

The sports arena has a number of 360° cameras installed to enable VR headset users to experience Extended Reality (XR ). Viewers can experience a 360-degree interactive view of the stadium’s live wearing action in real-time. By extending the range of virtual reality, immersive virtual reality applications, and fog gaming experiences, the 5G-A enhances the XR encounter. It offers consumers a better Er have while on the move, enabling a high-data-rate knowledge.

The couple’s strategic partnership likewise employed 5G-A systems to transmit the world’s first-ever 5G-A live transmit from the Opening Ceremony of SUKMA 2024 to viewers across the country via Radio Televisyen Malaysia (RTM).

For broadcasters like RTM, this is the first day they can get the best video, all of which can be done wirelessly, giving them more flexibility and the ability to provide real-time protection. The Malaysia Book of Records also praised the business relationship for achieving the fastest cellular frequencies at 30.8Gbps with 5G-A during a life test conducted in Kuching, Sarawak. &nbsp,

Continue Reading

DNB terminates share subscription agreement with TM

By:
On:
In: Technology
  • TM requested more improvement, DNB turned this down without offering&nbsp, cause
  • Cancellation has no effect on the accuracy of completed SSAs with the four MNOs.

Telco CEOs at the May 2023 signing of the Share Subscription Agreements with DNB.

Digital Nasional Bhd ( DNB) announced, in a statement late Friday evening, that the conditions precedent longstop date for Telekom Malaysia Bhd ( TM) with respect to the Share Subscription Agreement entered between DNB, Minister of Finance ( Incorporated ) ( MoF Inc ) and TM dated 1 Dec 2023 ( TM SSA ) expired on 21 Aug, and consequently the TM SSA has been terminated on 23 Aug.

The TM longstop meeting was recently changed from 21 June to 21 Aug in order for TM to obtain its shareholders ‘ consent, which was one of the TM SSA’s precedent conditions. TM requested a further expansion of the longstop meeting to 31 Dec 2024 because it was unable to fulfill the condition precedent by the 21 Aug deadline. Coc stated it was unable to extend the deadline any further while it deliberated on the demand. It did not give a reason for its selection.

DNB canceled the TM SSA on August 23rd, 2015 by issuing the necessary cancellation notices to TM and MoF Inc.

The Share Subscription Agreements ( Saas ) were signed by DNB’s four mobile network operators ( MNOs ) in Malaysia on June 28, 2024, including YTL Communications Sdn Bhd through YTL Power International Bhd. The authenticity of the completed SSAs with the four MNOs is not affected by the termination of the TM SSA, according to DNB.

The four MNOs collectively acquired an estimated 65.1 % equity stake in DNB under the terms of the SSAs, with each MNO holding an estimated 16.3 % stake. The Malaysian Government, represented by MoF Inc., retains an approximately 34.9 % interest and a Special Promote in DNB for a designated time.

Continue Reading

AWS launches Infrastructure Region in Malaysia with US.2bil investment through to 2037

By:
On:
In: Technology
  • higher funding than the US$ 5 billion that was first announced in 2023
  • Put about US$ 12.1 bil to GDP, help 3.5k work at physical companies yearly

Seen as a significant step towards fulfilling the vision of Malaysia’s New Industrial Master Plan 2030 to build a highly skilled, innovative, prosperous, inclusive, and sustainable economy.

It’s making a bigger devotion to Malaysia. Amazon Web services ( AWS ) an Amazon.com, Inc.company first announced the launch of its AWS Asia Pacific ( Malaysia ) Region in March 2023 and estimated the investment to be US$ 5.82 billion ( RM25.5 billion ) through to 2037.

Today however it announced that AWS is planning to invest an estimated US$ 6.2 billion ( RM29.2 billion ) in Malaysia through 2038.

AWS launches Infrastructure Region in Malaysia with US$6.2bil investment through to 2037The new AWS Region in Malaysia, led by Prasad Kalyanaraman ( pic ), vice president of infrastructure services at AWS, enables organizations across Asia Pacific to fully exploit the potential of the world’s most extensive and reliable cloud, assisting customers in deploying advanced applications with a wide set of AWS technologies like AI and ML. With today’s release, AWS is happy to support Malaysia’s modern transformation and help promote its function as a local hub for AI”.

AWS Regions are made up of Availability Zones, which place facilities in specific and unique geographic locations. Three Availability Zones are located far enough away from each other to support customers ‘ business continuity, but close enough to offer low overhead for large availability applications that use various Availability Zones.

DNA is ensure that two of its three information centers are in Johor and Cyberjaya, both of which are in the Klang Valley.

According to AWS, starting now, engineers, startups, entrepreneurs, and organizations, as well as state, knowledge, and nonprofit businesses, will have greater choice for running their applications and serving end users from AWS information centers located in Malaysia.

It already has a number of leading level firms as its customers including Bursa Malaysia, CelcomDigi, GX Bank Bhd, PayNet, Petroliam Nasional Bhd and Tenaga Nasional Bhd. The Department of Broadcasting Malaysia is one of the many government agencies that use it.

Amazon has adopted the same model with its AWS Partner Network ( APN), which consists of tens of thousands of independent software vendors ( ISVs ) and systems integrators ( SIs ) around the world, in the same way that enterprise tech vendors like IBM, Microsoft, HP, and Cisco use partners in overseas markets to boost sales. Now two Indonesian companies, Aerodyne and Tapway, are part of the APN.

AWS said that the construction and operation of the new AWS Region is anticipated to contribute approximately US$ 2.1 billion ( RM57.3 billion ) to Malaysia’s gross domestic product ( GDP ) and will support an average of more than 3,500 full-time equivalent jobs at external businesses annually through 2038. The company shared data from an economic impact study it commissioned.

These jobs, including construction, service maintenance, architecture, telecommunications, and others within the government’s broader economy, may be part of the AWS offer network in Malaysia.

Tengku Zafrul, Minister of Investment Trade & Industry ( MITI), stated,” The launch of an AWS infrastructure region in Malaysia increases our country’s capabilities for digital innovation.

” This step is a major step towards fulfilling the perspective of Malaysia’s New Industrial Master Plan 2030 to create a highly skilled, modern, successful, equitable, and sustainable economy. We think that the transformational potential of AI, cloud computing, and digitalization are key factors in Malaysia’s effort to become an Asian hub for manufacturing and services. The AWS infrastructure Region will help ensure Malaysia stays competitive on the global stage as the largest investment made by an international technology company in Malaysia, according to Zafrul. &nbsp,

AWS Malaysia claims to have trained over 100 000 people in Malaysia in cloud skills since its direct presence in Malaysia in 2017. Through AWS Skills to Jobs Tech Alliance and AWS Training &amp, Certification programs like AWS Academy, AWS continues to invest in educating developers, students, and the next generation of Malaysian IT leaders in cloud skills.

With the launch of the AWS Asia Pacific ( Malaysia ) Region, AWS has 108 Availability Zones across 34 geographic regions, with announced plans to launch 18 more Availability Zones and six more AWS Regions in Mexico, New Zealand, the Kingdom of Saudi Arabia, Taiwan, Thailand, and the AWS European Sovereign Cloud.

Each Availability Zone has independent power, cooling, and physical security, and is connected through redundant, ultra-low-latency networks. Customers who want to have high availability on Amazon can design their applications to run in several Availability Zones to achieve even greater fault tolerance.

AWS offers the broadest and deepest portfolio of services, including analytics, compute, database, IoT, generative AI, ML, mobile services, storage, and other cloud technologies. Customers from startups and businesses to public sector organizations and nonprofits will be able to use cutting-edge technologies from the world’s leading cloud provider to spur innovation, satisfy data residency requirements, achieve lower latency, and satisfy the growing demand for cloud services in Malaysia and throughout Asia Pacific.

The new crop of AI-built data centers ‘ fervent appetite for power has also increased the demand for power in Malaysia. With the launch of the Corporate Renewable Energy Supply Scheme ( CRESS) in September, the Malaysian government is allowing third parties to access the country’s electricity grid in response to the high demand. The emphasis is on the supply of green electricity.

Once introduced, buyers can negotiate directly with any renewable energy power plant for green supply, said the Ministry of Energy Transition and Water Transformation.

Since 2020, Amazon has become the largest corporate buyer of renewable energy in the world.

At the same time, it is working on ways to increase the energy efficiency of its data centers —optimizing data center design, investing in purpose-built chips, and innovating with new cooling technologies. According to a new report from Accenture, which was commissioned by AWS, AWS’s infrastructure is up to 4.1 times more efficient than on-premises, and when workloads are optimized on AWS, the associated carbon footprint can be reduced by up to 99 %.

Additionally, AWS is committed to being water positive by 2030, returning more water to communities than it uses in its direct operations.

Continue Reading

BidNow raises US.2 million in Malaysia’s first Token Crowdfunding campaign

By:
On:
In: Technology
  • Campaign enables Bid Here’s growth into Singapore&nbsp,
  • Success reflects growing trust in token-based fundraising

Frankie Goh, CEO, BidNow (left) and Nicholas Chong, head of TCF, pitchIN

pitchIN’s and Malaysia’s first Token Crowdfunding (TCF ) campaign has surpassed its minimum target of US$ 1.1 million ( RM5 million ), reaching US$ 2.2 million ( RM10 million ) with 469 investors. This is the first public TCF campaign to succeed in accordance with the Securities Commission (SC )’s ( IOE ) guidelines.

Bid Now, a Registered Market Operator with the SC, ran this battle via pitchIN. BidNow is a Malaysian-based auction platform that enables its users to pay and bidding on different products, including home appliances, gadgets, extravagance items, and real property. Since 2019, the firm claims that over 20, 000 active customers and more than 8, 000 real estate brokers have signed up.

Frankie Goh, CEO of Bid Now, stated,” We are honoured to be the first successful public TCF campaign in Malaysia, surpassing our minimum target and reaching US$ 2.2 million ( RM10 million ). This success is a bible to the trust that our traders have in us.

]RM1 = US$ 0.218]

” We chose Metres because we think blockchain technology can transform everything, and this achievement represents a major step in our journey. With this support, we’re expanding our businesses into Singapore and may integrate bitcoin into our platform to enhance performance, accountability, and surveillance”, he added.

To run both the Equity Crowdfunding (ECF ) and TCF platforms, pitchIN is a digital fundraising and investment hub that is registered with the Securities Commission Malaysia.

Nicholas Chong, pitchIN’s Head of TCF, said,” Bid Now’s success in raising RM10 million from TCF within eight weeks signals demand and opportunities for regulated token offerings in Malaysia. As one of the few token launchpads in the world with entirely regulated regulations, pitchIN is well-positioned to help businesses and individuals connect with Web3 traders and fund raising.

He added that the company has two to three exciting deals in the pipeline, which it anticipates launching this year after the SC reviews them, for investors who did n’t receive the first TCF deal.

Sam Shafie, CEO of pitchIN, adds,” We hope that Bid Now’s success will pave the way for others to follow suit. We’re confident that we can help other businesses that want to consider TCF as a viable solution for their charity to power development for their businesses now that we have completed our first campaign.

This success not only provides a new standard for Malaysia’s fundraising business, but it also demonstrates the country’s growing confidence in token-based fundraising strategies. It is a bible to the economy’s readiness to embrace modern monetary systems. PitchIN predicts that as more companies start to discover blockchain and tokenization, the landscape of capital increasing may continue to change, providing a variety of opportunities for both investors and entrepreneurs.

For more information, please explore pitchin. my/token&nbsp,

Continue Reading

SleekFlow secures US mil with Atinum Investment to propel global expansion & AI tech innovation

By:
On:
In: Technology
  • aims to complete Series B funding in the upcoming year.
  • New resources may accelerate global development to SEA, Middle East &amp, Europe

[Back, left to right] Eric Mui (VP & general manager), Heidi Leung (global head of Customer Success), Lewis Law (head of Growth), Xenia Chu (chief of staff), Adrian So (director of Product), [Front, left to right] Joy Liu (global Head of Marketing), Henson Tsai (CEO & founder), Gao Lei (chief technology officer)

SleekFlow, a leading Singapore-based provider of an Omnichannel Conversational AI Suite for customer engagement, has announced that it has secured US$ 7 million ( RM30 million ) in a Series A funding round led by Atinum Investment, a South Korean venture capital firm. This round brings its total funding to US$ 15 million ( RM65.5 million ).

]RM1 = US$ 0.21]

The company disclosed in a statement that this funding round also includes contributions from Moses Tsang, a former Goldman Sachs Group general partner and chairman of Goldman Sachs ( Asia ) LLC, as well as contributions from existing investors AEF Greater Bay Area Fund ( managed by Gobi Partners GBA and Transcend Capital Partners ).

It added that the fresh funds will promote the firm’s global growth strategies, including in Southeast Asia, the Middle East, and Europe. Additionally, the investment will be used to improve the AI technology’s ability to serve its expanding customer base around the world ( including analytics and building marketing workflows ).

” We are excited to include Atinum Investment as a corporate partner in the next stage of our development, along with shareholders with whom we have established links”, said Henson Tsai, leader &amp, CEO of SleekFlow. We have substantially increased our engineering work to be at the forefront of cutting-edge technology and advanced AI since the visit of our Chief Technology Officer, Gao Lei, a Silicon Valley senior. Gao Lei has been leading the charge in planning, implementing, and transforming SleekFlow’s systems layers, system support, and equipment to align with our company’s objectives and business needs”, he added.

” We are more ambitious than ever, with products underway for fully automated sales and support journeys in words, calls, and emails, to provide unparalleled value to our customers across industries like insurance, medical, telecoms, support, and retail”, Tsai said.

As the Conversational AI Market is projected to grow from US$ 13.2 billion in 2024 to US$ 49.9 billion by 2030 ( Yahoo Finance, 2024 ), SleekFlow aims to become the top customer engagement solution. By seamlessly merging conversations, merchandise catalogues, repayment solutions, and get administration, the agency’s innovative solutions provide a comprehensive approach to help businesses join with customers—all from a single, intuitive interface.

SleekFlow is a partner for WhatsApp’s BSP Select Tier and Meta Verified. The versatility of SleekFlow’s solutions extends across multiple industries and clientele, including Delonghi, Hilton Dubai, L’Occitane, Shangri-La, Hong Kong Broadband Network, Cellini, Khind, TOTO, 7-11, Kimberly Clark, Awfully Chocolate, and Audi. These businesses, among others, have already benefited from SleekFlow’s robust solutions, streamlining their operations with omnichannel conversational AI capabilities.

Atinum Investment’s regional head of the Singapore office and director, Peter Na, added,” Being at the forefront of the rapidly expanding global customer engagement market, SleekFlow meets the evolving needs of enterprise customers. The company’s regional strategies have allowed it to expand beyond Asia, opening new markets in the Middle East and South America. We are fully committed to supporting its ongoing global expansion and look forward to new opportunities.

The business has raised a total of US$ 15 million to date following a funding round of US$ 8 million in 2022. In order to strengthen its position as a leading global tech company, SleekFlow plans to secure its Series B funding in the upcoming 12 months.

Continue Reading

DiMuto completes Series A funding, securing US.9 mil to propel global expansion and enhance its digital ecosystem

By:
On:
In: Technology
  • Following a past US$ 2.35 million boost in 2021, the new funding comes.
  • Money will help the country expand into Latin America and the US.

DiMuto completes Series A funding, securing US$5.9 mil to propel global expansion and enhance its digital ecosystem

DiMuto, a global AgriFood trade solutions company based in Singapore, has successfully closed its Series A funding round, raising US$ 5.9 million ( RM25.8 million ). The Offer Lab Asia Pacific led the square, and prominent investors included Dave Chen, Gold Sceptre Limited, and SiS Cloud Global Tech Fund. Existing investors SEEDS Capital, SGInnovate, and PT Great Giant Pineapple also participated, following their involvement in DiMuto’s earlier US$ 2.35 million ( RM10.2 million ) fundraising in 2021.

DiMuto is a pioneer in the global food supply network, integrating cutting-edge technologies like AI, bitcoin, and IoT. The new funding will aid in its development into important industry, particularly in Latin America and the United States, and help to advance the development of its cutting-edge digital ecosystem.

The business highlighted how the tri-layer online options are changing the agrifood sector. Its Trade Management Platform digitizes every bottle of agrifood products for data visibility and quality control, while its recognizable Marketplace connects verified customers and suppliers to improve trust and transparency. Moreover, its Financial Services offer post-shipment business financing to meet pressing financial requirements and aid the development of agrifood companies.

This alternative approach improves operating performance and strengthens the entire supply chain, making DiMuto a innovator in the agrifood sector. &nbsp,

DiMuto completes Series A funding, securing US$5.9 mil to propel global expansion and enhance its digital ecosystemGary Loh ( pic ), founder and CEO of DiMuto, remarked,” In a year marked by global economic challenges, this influx of capital validates the company’s growth trajectory and will enable us to leverage our momentum in the Latin American and US markets, bringing us closer to our mission of redefining global Agritrade”.

On the final of the gate large, Lim Hwee Hai, managing chairman of SiS Asset Management, expressed satisfaction in supporting DiMuto and lending experience to the expansion of its AI-powered Financial Services. He noted that the AgriFood business was eager to see such business financing options, with DiMuto’s real-time information capture and AI-driven economic ranking poised for great success.

DiMuto furthermore plans to expand its Marketplace shoulder and walk into greenhouse-based crops and climate-adaptive variety growth. This approach may improve year-round provide resilience and expand SoLuna Fresh, a private label company that has successfully marketed recognizable fresh create from Latin America to Eastern markets, especially in the tropical and berry categories.

The most recent Series A funding strengthens buyer confidence in DiMuto’s creative approach and establishes its position as a world leader in the agrifood industry. With this new money, DiMuto is set to expand its goal of transforming the AgriFood provide network through modernization, enhancing transparency, and fostering sustainability across the industry.

Continue Reading

Young AI talents compete at Singapore’s AI drone competition by Google Cloud and IMDA

By:
On:
In: Technology
  • membership increased by 30 % compared to 2023
  • The purpose of the competition is to teach kids AI programming skills.

Young AI talents compete at Singapore's AI drone competition by Google Cloud and IMDA

The National Youth Tech Championship ( NYTC ) made a second appearance in 2024 with a goal of educating and inspiring young minds through artificial intelligence. The premier youth tech competition, co-organized by the Infocomm Media Development Authority ( IMDA ) and Google Cloud, attracted 300 student participants this year, a 30 % increase over the previous year.

According to the co-organisers, this week’s NYTC placed a stronger emphasis on equipping individuals with Artificial programming knowledge. Training covered important AI concepts like conceptual AI, deep fakes, and machine learning. &nbsp,

Individuals in NYTC 2024 demonstrated more advanced applications of AI than in previous years, reflecting the rapid advancement of technology. They made use of Vertex AI from Google Cloud to build intelligent drone systems that could perform complex tasks in a variety of settings, opening up new applications for drones in various industries. This is in line with the objectives of the National AI Strategy 2.0 ( NAIS 2 ).

From 29 June to 19 July 2024, the participants at the IMDA and Google Asia Pacific schools developed AI abilities, learned to code in Python, and developed an understanding of equipment understanding. Additionally, teams received drones to taking home and took part in online training sessions. Eventually, they practiced their new abilities by operating the drones on their own, learning to plan and work together throughout the contest.

NYTC 2024 culminated in the playoffs at Our Tampines Hub, featuring a novel “ninja warrior” problem program. The top two teams competed in an AI aircraft newcastle, showcasing strong Artificial and problem-solving skills, agility, tenacity, and teamwork to manage their drones through the course freely. &nbsp,

The winning teams were Raffles Institution ( first place ), Dunman High School ( second place ), Anglo-Chinese School ( Independent ) ( third place ), and Damai Secondary School ( fourth place ). The winners will also get to experience an engaging Google Cloud experience for a week-long tech stint at IMDA.

No programming experience was necessary, according to Doreen Tan, assistant chief executive of Strategic Planning and Digital Readiness at IMDA, and the kids fast learned, demonstrating style throughout the completely automatic aircraft competition. The bottom four teams will be welcome at IMDA, she added, for additional software exposure.

However, Serene Sia, region director, Singapore, Google Cloud said,” NYTC 2024 showcased the potential of AI to encourage young minds and pull development”. She added that Google Cloud is committed to working with IMDA to prepare Singapore’s children for the next wave of technology officials.

NYTC is piece of IMDA’s Infocomm Media Clubs program, which provides a program for members to learn, thrive, and been recognised for their efforts. More details about the program can be found below.

Continue Reading

Graffiquo Asia introduces innovative solution for oil & gas Industry

By:
On:
In: Technology
  • Acquired support from key governmental organizations, habitat people
  • Options enable workers to handle data smoothly, make real-time decisions

Graffiquo Asia introduces innovative solution for oil & gas Industry

A new item from Graffiquo Asia Sdn Bhd, a provider of cutting-edge geographic technology solutions, has been released that will change procedures in the oil and gas industry. In a statement, the company announced that” GIX for Oil &amp, Gas Field Workers” attempts to optimize information record, asset management, and reporting procedures, offering prospective improvements in efficiency and safety for industry participants.

It added that GIX integrates functions such as raster, data-driven maps, and smart forms, empowering area workers to handle data easily and make more informed decisions in real-time.

Important political organizations and ecosystem participants have supported Graffiquo’s development efforts, according to Graffiquo. The company first received a commercialism give under the CIP300 system from Cradle Fund, which is under the Ministry of Finance, for their principal platform, Graffiquo. &nbsp,

Following this, it was supported by the Malaysian Technology Development Corporation’s Collaborative Research and Development Fund Grant to expand its commercialization activities and tools under the Ministry of Science, Technology, and Innovation. The Malaysian Petroleum Resource Corporation provided additional support through the OGSE Development Grant, especially for the creation of their subsidiary mobile app, GIX, under the Ministry of Economy.

Graffiquo Asia is a participant in the government’s MRANTI MYSTI program, which aims to promote local R&amp, D products and services for domestic and international markets. Also, the company is involved in the Petronas FutureTech 2.0 project, which aims to nurture tech startups and generate digital change within the oil and gas industry.

The Organi are represented by Graffiquo.Graffiquo Asia introduces innovative solution for oil & gas Industrysation for Sustainable Development Goal 11 and the United Nations ‘ Centre of Excellence for United for Smart Sustainable Cities program. Through its 3D visualisation platform, Graffiquo’s global commitment to smart and sustainable urban development is highlighted in this partnership.

Graffiquo Asia’s founder, George Tang ( pic ), thanked the support that was given, stressing the value of such support and recognition in driving innovation. He stated,” GIX represents a significant step forward in improving efficiency, safety, and decision-making processes for oil and gas companies”.

Graffiquo Asia is exploring partnerships with Malaysian ministries to advance the realization of Digital Malaysia Cities, besides its oil and gas sector focus. Committed to sustainability and smart urban development, the company aims to support the government’s vision for a digitally integrated nation.

Continue Reading

PropertyGuru enters into definitive merger agreement to be acquired by EQT Private Capital Asia for US$ 1.1 bil

By:
On:
In: Technology
  • Upon conclusion, PropertyGuru will get personal and delist from the NYSE
  • Transaction expected to near by Q4 2024 or Q1 2025, pending circumstances

PropertyGuru enters into definitive merger agreement to be acquired by EQT Private Capital Asia for US$ 1.1 bil

PropertyGuru Group Limited, one of Southeast Asia’s top property technology firms, has signed an agreement to combine with affiliates of BPEA Private Equity Fund VIII Limited ( EQT Private Capital Asia ), a division of EQT AB, a global investment company. The all-cash transaction values PropertyGuru at approximately US$ 1.1 billion ( RM3.8 billion ). PropertyGuru’s board of directors, following a suggestion from a particular commission, has overwhelmingly approved and recommended that owners approve the consolidation. With the assistance of financial and legal officials, the Special Committee negotiated the consolidation term.

Each ordinary share of PropertyGuru issued and outstanding before the effective date ( excluding some shares ) will automatically convert into the right to receive US$ 6.70 ( RM29 ) per share in cash, unaffected by any interest, pursuant to the merger agreement. This represents a 52 % premium to PropertyGuru’s closing share price on 21 May 2024, and a 75 % and 86 % premium to the company’s 30-day and 90-day volume-weighted average share price, respectively, for the period ending on that date.

Major owners, including TPG Asia VI SF Pte. Ltd., TPG Asia VI SPV GP LLC, and Epsilon Asia Holdings II Pte. The merger’s owners, who collectively hold 56 % of the excellent common stock, have entered into election and help agreements with KKR.

PropertyGuru enters into definitive merger agreement to be acquired by EQT Private Capital Asia for US$ 1.1 bilHari V. Krishnan ( pic ), &nbsp, CEO &amp, MD, PropertyGuru Group, said,” We are pleased to embark on this new chapter with EQT. This relationship comes after years of transformative growth, which TPG and KKR have supported, making us the world’s leading PropTech system in Southeast Asia. As we continue to innovate and provide value to our consumers, customers, and stakeholders across the region, EQT’s international experience in building marketplaces and commitment to sustainable development will further improve our perception to energy communities to live, function, and thrive in today’s cities”.

In addition, Janice Leow, a partner in the EQT Private Capital Asia advisory group and nose of EQT Private Capital Southeast Asia, stated that” PropertyGuru has firmly established itself as the leading property market system in Southeast Asia, and we are deeply impressed by the strong base it has built over the past 17 years as well as with its brilliant team.”

” We think our offer strategically positions PropertyGuru to fully exploit its long-term growth potential while offering shareholders compelling value and certainty.” With EQT’s significant experience in the technology, online classifieds and marketplace sectors, we aim to further strengthen PropertyGuru’s platform, driving enhanced innovation and deeper engagement with its consumers, customers and stakeholders”, she added.

The transaction is expected to close in Q4 2024 or Q1 2025, subject to customary conditions, including approval by PropertyGuru’s shareholders and receipt of regulatory approvals. There is no financing condition for the transaction. Upon completion, PropertyGuru’s shares will cease trading on the New York Stock Exchange, and the company will become private, with its headquarters remaining in Singapore.

Continue Reading