Runchise raises USmil new funding co-led by East Ventures and Genesia Ventures

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  • Reaffirms devotion to F&amp, B industry growth
  • Funding will assistance technology advancement, branding &amp, development

Runchise raises US$1mil new funding co-led by East Ventures and Genesia Ventures

Runchise, an Indonesia- based restaurant control and cooking franchise company, announced that it has raised innovative funding of US$ 1 million ( RM4.7 million ) from the existing owners East Ventures and Genesia Ventures. With this new financing, the firm’s principal focus remains on scientific advancement and development to increase restaurants ‘ profitability. &nbsp,

Moreover, the startup will prioritize investments in geographic expansion and branding to expand its reach to more cities, enabling more companies to succeed.

Daniel Witono, i- founder and CEO of Runchise said, &nbsp,” We believe that engineering is an important instrument in ensuring the operating performance of this business. Having said that, we are dedicated to offering the players creative and custom options to expand and access the opportunities that lie ahead.

In many emerging nations, the food and beverage ( F&amp, B) and hospitality businesses offer significant options, but the sector also faces fierce competition. For success, functional quality and performance are crucial. But, F&amp, B people still face problems and difficulties in maximising their rise, with some customized solutions available.

Runchise claims that its solutions are created using a user-centric program with an end-to-end ecology and based on a thorough understanding of the business operation and restaurant operations. With a&nbsp, fog- based program, the company ensures that all the information from the restaurant outlets is connected honestly, exactly, and continuously into one platform.Runchise raises US$1mil new funding co-led by East Ventures and Genesia Ventures

Currently, its solutions contain front- store operations, again- office functionalities, integration with virtual food delivery platforms, and customer engagement. Runchise can also provide a regular sales forecast for each channel with the help of machine learning. &nbsp,

” We’re pleased to increase our investment in Runchise. With the big opportunity in the F&amp, B industry combined with Witono and his team’s proficiency, we believe Runchise will continue to play a significant role in digitalizing the F&amp, B ecosystem in Indonesia”, said Melisa Irene ( pic ), partner at East Ventures.

The pandemic’s acceleration of consumption behavior has made it imperative for retailers to choose an multichannel strategy and improve their revenue potential.

” We believe that with Witono’s knowledge and authority, Runchise is poised to become an industry leader in the F&amp, B business and are looking forward to supporting Witono and his team as they continue to set new standards in the F&amp, B business”, said Takahiro Suzuki, Genesia Ventures, common partner.

Runchise, which was founded in 2022 by Winoto and Ivana Widjaja, co-founders and chief operating officers, claims to have helped hundreds of brands scale and streamline their processes, especially by bringing their operation to multiple locations. ‍

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Runchise raises US million new funding co-led by East Ventures and Genesia Ventures

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  • Reaffirms determination to F&amp, B industry growth
  • Funding will assistance technology advancement, branding &amp, development

Runchise raises US$1 million new funding co-led by East Ventures and Genesia Ventures

Runchise, an Indonesia- based restaurant control and cooking franchise company, announced that it has raised innovative funding of US$ 1 million ( RM4.7 million ) from the existing owners East Ventures and Genesia Ventures. With this new financing, the firm’s principal focus remains on scientific advancement and development to increase restaurants ‘ profitability. &nbsp,

Also, the startup will prioritize investments in geographic expansion and branding to expand its reach to more cities, enabling more companies to succeed.

This money represents a powerful endorsement of the company’s strategy to advance the F&amp, B market, according to Daniel Witono, co-founder and CEO of Runchise. We think technology is crucial to ensuring this industry’s operating performance. We are dedicated to helping the people grow and discover the opportunities that lie ahead by offering innovative and custom solutions, he continued. &nbsp,

In many emerging nations, the food and beverage ( F&amp, B) and hospitality businesses offer significant possibilities, but the sector also faces fierce competition from other people. Therefore, success in this industry depends on operational quality and reliability. However, the F&amp, B players also face problems and challenges in maximising their rise, with some tailored options available for this market.

Runchise claims that its solutions are based on a thorough understanding of the business operation and restaurant operations, creating a user-centric program with an end-to-end ecosystem. With the internet or fog- based system, the startup ensures that all the information from the restaurant outlets is connected honestly, exactly, and continuously into one platform.Runchise raises US$1 million new funding co-led by East Ventures and Genesia Ventures

Currently, its solutions contain front- store operations, again- office functionalities, integration with virtual food delivery platforms, and customer engagement. Runchise can also provide a regular sales forecast for each store with the help of machine learning. &nbsp,

” We’re pleased to increase our investment in Runchise. With the big opportunity in the F&amp, B industry combined with Witono and his team’s proficiency, we believe Runchise will continue to play a significant role in digitalizing the F&amp, B ecosystem in Indonesia”, said Melisa Irene ( pic ), partner at East Ventures.

With its expanding range of solutions, Runchise is well-positioned to capitalize on the powerful and expanding F&amp, B business. The pandemic’s acceleration of consumption behavior has made it imperative for retailers to choose an multichannel strategy and improve their revenue potential.

” We believe that with Witono’s knowledge and authority, Runchise is poised to become an market leader in the F&amp, B business. We are convinced in reaffirming our responsibility to Runchise through a follow- on expense, and are looking forward to supporting Witono and his team as they continue to set new standards in the F&amp, B industry”, said Takahiro Suzuki, Genesia Ventures, public partner.

Runchise, which was founded in 2022 by Winoto and Ivana Widjaja, co-founders and chief operating officers, claims to have helped hundreds of brands scale and streamline their processes, especially by bringing their operation to multiple locations. ‍

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NSG BioLabs drives biotech innovation in Southeast Asia with support from EnterpriseSG, Merck, and investments from Celadon Partners and ClavystBio

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  • Committed to help inventors, contribute to S’pore’s biotech habitat
  • Announced a US$ 14.5 million funding from Celadon Partners and ClayvstBio

NSG BioLabs drives biotech innovation in Southeast Asia with support from EnterpriseSG, Merck, and investments from Celadon Partners and ClavystBio

NSG BioLabs, Singapore’s company of biotech co- working labs and workplace space has announced partnerships with Enterprise Singapore, the Singapore government agency championing enterprise development, and Merck, a leading science and technology company, to boost the biomedical landscape by providing needed resources for as funding, expertise and networks to advance startup research and development. &nbsp,

In a statement, the company said it has also concluded a US$ 14.5 million ( RM68.7 million ) financing round led by Celadon Partners, an Asian private equity firm, and ClayvstBio, a life science investor and venture builder set up by Temasek to accelerate the commercialisation of breakthrough ideas to health impact. &nbsp,

It added that these achievements reaffirm the company’s power and expertise in providing higher- quality, nicely- managed, and turnkey Biosafety Level 2 accredited laboratory and office spaces. Also, these milestones underscore NSG BioLabs as an ecology precursor, providing value- include services and networks, which are critical in driving technological innovation and business growth.

Since 2019, NSG BioLabs has been assisting innovators in creating effective solutions in the health, medical, agrifood, and professional biotechnology sectors, working in areas like as precision medicine, nucleic acids, AI- enabled drug discovery, and artificial biology. The company has assisted over 40 businesses as residents with what it claims to be the biggest co-working biotech laboratory and office footprint in Singapore. &nbsp,

NSG BioLabs drives biotech innovation in Southeast Asia with support from EnterpriseSG, Merck, and investments from Celadon Partners and ClavystBioThe company’s current residents include numerous multi-billion-dollar corporations as well as numerous promising startups that have achieved significant success. The startup residents have already established hundreds of jobs and successfully raised nearly US$ 400 million ( RM1.9 billion ) in funding. &nbsp,

NSG BioLabs, the company’s CEO and founder, Daphne Teo ( pic ), expressed her support for innovators and how proud of its contribution to Singapore’s expanding biotech ecosystem. We hope to encourage greater collaboration among other stakeholders to benefit the biotech industry in Singapore and the Asia-Pacific region, she said.” Our partnerships with EnterpriseSG and Merck demonstrate the importance of a collaborative spirit.”

” We are thankful for the recognition from our investors, Celadon Partners and ClavystBio, and look forward to further empowering our residents in their innovation efforts through expanded facilities, enhanced value- add offerings, and greater exposure to valuable industry networking and mentorship experiences”, Teo said.

NSG BioLabs has been part of EnterpriseSG’s Startup SG Accelerator programme since 2019. In order to accelerate the development and commercialization of such deep tech solutions, the company announced a new partnership with EnterpriseSG to invest in and nurture more high-potential biotech startups. In particular, the company expanded support for those with promising innovations in fields like precision medicine.

Dr Clarice Chen, director of Healthcare and Biomedical, EnterpriseSG stated that Singapore’s biotech landscape has evolved significantly, with a burgeoning community of global startups and doubled healthtech deals in 2023. By providing patient capital, infrastructure, and expertise, EnterpriseSG will continue to collaborate with industry partners like NSG BioLabs to advance the development of novel deep tech innovations like AI-enabled platforms and targeted therapies. This will strengthen Singapore’s edge in precision medicine and revolutionise healthcare delivery”, she added.

The newly acquired funds from Celadon Partners and ClavystBio will be used to improve its products and services and build additional facilities to meet the growing demands of biotech startups and multinational companies in Singapore and Southeast Asia, according to NSG BioLabs, in order to further its mission of supporting biotech innovators.

We are confident that NSG BioLabs ‘ innovative co-working model will provide compelling solutions to biotech startups and companies in the Southeast Asian region given the sector’s significant growth being driven by healthcare needs. NSG BioLabs ‘ commitment to enabling businesses to quickly track their research and development efforts is commendable, according to Donald Tang, managing partner at Celadon Partners.

Meanwhile, Khoo Shih CEO ClavystBio said, the company is excited to foster the growth of Singapore’s life science ecosystem through its support of NSG BioLabs, and its resident startups. ” This investment reinforces ClavystBio’s mission to accelerate breakthrough science into health impact through venture building, and strategic partnerships”, he said. &nbsp,

NSG BioLabs cultivates mutually beneficial relationships between its residents and other important parties as a significant platform in the area with a proven and expanding scale. The company has partnered with Merck to give its residents special terms for Merck’s reagents and life sciences equipment in order to further enable their residents to develop, grow, and scale up. Additionally, the partnership grants you preferential access to biopharma processing expertise and advice on how to increase production.

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NetApp appoints Henry Kho as area vice president and general manager for the Greater China, ASEAN, and South Korea

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  • brings more than 20 years of experience to the tech sector.
  • Tasked to push NetApp’s company strategy, guide go- to- market activities&nbsp,

NetApp appoints Henry Kho as area vice president and general manager for the Greater China, ASEAN, and South Korea

NetApp, the intelligent data infrastructure company, has announced the appointment of Henry Kho ( pic ) as the new area vice president and general manager for its business in Greater China, ASEAN, and South Korea, ( GCASK). Kho will be in charge of leading the bank’s go-to-market activities in this area and driving the company’s overall business strategy from its base in Singapore. His interests include strengthening NetApp’s companion habitat and establishing its position of authority in the all-flash and hybrid cloud.

“GCASK is a place that is characterized by its enormous diversity and development. According to Andrew Sotiropoulos, senior vice president and general supervisor, NetApp Asia Pacific, Koh’s corporate vision and understanding of the complicated business environment make him ideal for helping organizations exploit the potential for data conversion. &nbsp,

” With Kho leading the charge, I am confident we will solidify our position as the intelligent information system organization in the region, empowering our clients to utilize data simply, securely, and sustainably across their entire property”, he added.

At a time when AI implementation is rapidly accelerating and data-centric business models are gaining ground, Kho said,” I am thrilled to embark on this new section of my occupation with NetApp.” &nbsp,

” Together with the talented teams across the place, I am committed to helping our customers optimize their data network and access their data’s full potential to generate performance, technology, and effective business outcomes”.

Kho has extensive knowledge in the tech sector, as well as a track record in leading local groups and developing long-term partnerships. Prior to joining NetApp, he was Sprinklr’s Asia Pacific region’s section vice president, helping a multi-market team advance the region to become the company’s top-performing division. Kho has furthermore held leadership roles at Amazon and founded Infinix, a technology firm firm, before in his profession.

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After losing major customer, Osram scales back micro LED dream, to sell plant in Malaysia owned by PNB, EPF, KWAP

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  • Withdrawal by major client, believed to be Apple, set for decision
  • After ten years, the original intention was to get up the flower from the property manager and pension funds.

Osram's just completed micro LED plant sits next to an existing LED plant (white building) in Kulim, Malaysia. The companyis now looking for a party to take over the lease it signed with the building owners, Malaysian funds PNB, EPF and KWAP.

In a sign of how when promising future revenue sources of growth can go north in the world of hi- tech manufacturing- quite fast- ams Osram, a Austrian- German global optical solutions specialist, particularly in automotives, with a 52 year presence in Malaysia, has pulled the plug on its just completed micro LED plant in Kulim Hi- tech Park, Kedah with an estimated US$ 1 billion ( RM4.75 billion ) multiyear, multi stage investment. The first stage of that purchase is represented by the existing structure.

Standard LEDs are taken and reduced to the micro level by Micro LED. The display industry was again predicted to be the prospect.

Osram began its Indonesian appearance in 1972 as Siemens. In 2020, ams, an Hungarian electronics firm that designs and manufactures sensors for little form factor, small power, highest sensitivity, and multiple- sensor applications, acquired European based Osram.

Ams Osram CEO, Aldo Kamper, disclosed during his analyst call on April 27th that the company had to reevaluate its entry into the sub LED business with the determination to concentrate on its inner micro LED requirements rather than the wider industry as a result of a key customer’s cancellation in February, which was reported to be Apple. Its production in Germany may fill that need. It is now looking for a buyer to purchase the Kulim sub Lead plant’s lease.

That lease is held by three Malaysian funds, namely asset manager Permodalan Nasional Bhd ( PNB), and pension funds &nbsp, Employee Provident Fund ( EPF ) &nbsp, and Kumpulan Wang Persaraan ( KWAP ) who came into the picture last year when, as part of its financial restructuring, a €400 million ( RM2.03 billion ) sale and leaseback of the micro LED site was executed with a commitment from ams Osram to buy it back from the pension funds after ten years, possibly even earlier if it wanted to.

Due to the withdrawal of what Kamper called the researcher briefing’s” cornerstone” contract, it is unknown whether Ams Osram has yet to begin discussions with any parties.

According to a person with knowledge of the situation, Ams Osram will continue to fulfill its financial responsibilities to PNB, EPF, and KWAP in the worst case scenario where there is no financial impact on the three Indonesian money.

The new facility, which opened in 2017 for US$ 398 million ( RM1.9 billion ), is located next to an existing Kulim factory that produces conventional LEDs. An Ams Osram executive who spoke on condition of anonymity said,” It is business as usual for that plant.”

The decision will affect a significant number of people globally, with Penang reportedly home to roughly 500 workers. The executive stated that the company is considering moving some of those workers to other areas of its operations in Malaysia.

That is a business which has grown to around 6, 500 employees from 2, 000 in the early 2000s. Its latest investment was an expansion in March 2022 to a 60- acre site in Batu Kawan, Penang

Malaysia is a key manufacturing and R&amp, D hub for ams Osram. Since its inception about 20 years ago, its R&amp, D team based out of Penang and Kulim has grown to around 400 researchers and is well-known for its numerous patents.

The executive stated that the market for sensors and LEDs is still expanding and that the company has business lines that are expanding in other industries.

From its Malaysian plants, Ams Osram has been producing LEDs for a variety of uses, including ultraviolet and infrared. In addition to various headlamps, taillights, and car interior lighting, it is the number one global manufacturer.

What has happened is a bump in the road that we will work through, said the executive,” We are unwavering market leaders in automotive optoelectronics.”

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Aeon Bank, Visa partnership set to transform digital payment landscape 

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  • The association may begin with the Aeon Bank by Visa Debit Card-i&nbsp release.
  • aims to connect online payment options for users across a range of channels.

Left: Raja Teh Maimunah, CEO of Aeon Bank (M) Berhad and Ng Kong Boon, Visa country manager for MalaysiaAEON Bank, Malaysia’s second Muslim modern banks, has announced a strategic partnership with Visa. This new partnership marks a major step in their efforts to transform the experience for local Malaysians using electronic payments and cashless transactions.

The parties disclosed in a joint statement that the partnership will begin with the release of Aeon Bank x Visa Debit Card-i and will quickly include different digital payment options. These solutions are intended to address Malaysian consumers ‘ growing need for secure, dependable cashless transactions and online banking services that adhere to Shariah finance principles.

Raja Teh Maimunah, CEO of Aeon Bank ( M ) Berhad, expressed excitement about partnering with Visa, leveraging their innovative capabilities to provide secure, easily accessible, and convenient banking solutions tailored to meet the demands of Malaysian consumers. &nbsp,

She emphasized that this relationship would allow Malaysians from all walks of life to benefit from Visa’s broad network of merchants and partners while also providing Shariah-compliant solutions.

Aeon Bank, a online bank with international expertise in digital payment technology and Aeon Group’s wider retail and finance ecosystem, is where Visa expressed its excitement for moving forward. This partnership aims to reach out to a sizable customer base by integrating value-added, smooth online payment options that address the demands of contemporary consumers across the omnichannel landscape.

Ng Kong Boon, Visa country director for Malaysia, highlighted the rapid development of the payment industry, customer needs, and settlement systems. He expressed his pleasure about working with Aeon Bank to create the next-generation products and solutions in response to the changing environment. This proper partnership aims to transform Malaysian pay and employment practices and help Aeon Bank’s upcoming growth.

Users of the Aeon Bank by Visa Debit Card-i can enjoy beautiful rewards and sign-up bonuses throughout the campaign period as part of the magnificent launch.

Aeon Bank, a part of the Aeon Group, is one of Malaysia’s most identifiable home businesses, with over four centuries of history in Malaysia and more than 200 times in Japan. The bank, which is Malaysia’s first Islamist online bank, is dedicated to giving everyone, including the underrepresented and unbanked, the opportunity to follow their aspirations and become economically independent, while also fostering a more equitable financial future for all.

Following AeonBankMY on social media for more information or visit AEON Bank and Visa‘s website for more information.

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Moneythor welcomes Martin Frick as new CEO to drive strategic growth

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  • Co- creator, Olivier Berthier did transition to the part of chairman
  • Frick boasts three decades of experience that has helped his company succeed in powerful markets.

Moneythor welcomes Martin Frick as new CEO to drive strategic growth

Martin Frick has been named as Moneythor’s new chief executive officer, the industry leader in all-in-one personalization alternatives for financial institutions. Sequentially, Olivier Berthier, the inc- founder of Moneythor, did transition to the role of chairman, continuing to deliver essential guidance and support to the organisation.

This change in leadership is important for the company’s evolution and comes at a time when Moneythor is expanding and expanding, thanks to the acquisition of many clients in new markets and regions.

Frick has considerable knowledge and a proven track record of fostering organizational success in active and dynamic markets with a career that spans more than three decades. His career includes significant roles such as managing producer, Asia Pacific, at market- leading software firms Temenos and Avaloq. Most recently, Frick led his personal advisory firm, Amsantix Pte Ltd., assisting tech firms in weighting and achieving sustainable development.

In his position as CEO, Frick will rely on accelerating growth, developing technology, and strengthening Moneythor’s status as a market leader in the financial services customization area.

Berthier, who has played an instrumental role in founding and shaping Moneythor since its inception, will assume the position of chairman. He will continue to contribute his industry expertise and strategic insights to the company’s long-term strategy and direction. &nbsp,

As chairman, Berthier and Martin will collaborate closely to ensure a smooth transition and upbeat momentum.

Berthier’s optimism about Frick’s ability to carry Moneythor through this next stage of development was expressed when he spoke about the leadership transition. He remarked,” I’m proud of what we have accomplished at Moneythor over the past eleven years. I have full confidence in Frick’s leadership skills and future vision as I transition to the chairmanship. Together, we will continue to drive innovation, foster growth, and deliver exceptional value to our customers”.

Frick continued,” It’s a great time to be a part of Moneythor’s journey,” adding,” I’m honored to be a part of it.” Under Berthier’s leadership, Moneythor has achieved great success and built a strong foundation upon which I look forward to growing. Together, we will chart a course for continued success and solidify Moneythor’s position as a leader in the financial services space”.

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DNB-Ericsson in latest effort to boost tepid enterprise 5G adoption in Malaysia 

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  • MoUs with Intel, Ericsson, eMooVit, Scania and SKF Malaysia to create usage scenarios
  • Gobind enthusiastic businesses will take advantage of the benefits of utilizing 5G options

David Hägerbro, Head of Ericsson Malaysia, Sri Lanka and Bangladesh with Dr. Hairi Zamzuri, CEO of eMooVit Technology witnessed by (back row L to R): Ahmad Zaki Zahid, DNB Chief Strategy Officer; Börje Ekholm, Ericsson Group CEO and Gobind Singh Deo, Minister of Digital.

Despite the sluggish business interest and possibly lower implementation of 5G based services, Digital Nasional Bhd ( DNB), the operator of Malaysia’s nationwide 5G network and its ultimate network equipment provider, Ericsson, are pushing ahead to create market interest in adopting 5G based services.

Their latest work comes in the form of MoUs signed with Intel, eMooVit Technology, a Malay autonomous car business, and two world Swedish companies, Scania, a transport solutions provider and SKF Malaysia, a bearing and seal manufacturer. Börje Ekholm, CEO of Ericsson Group who was making an Eastern trip, was in KL to see the drafting with Malaysia’s Digital Minister Gobind Singh in attendance. The Ministry of Finance has established a firm called DNB, which is under Gobind’s government’s control.

DNB and Ericsson are hoping that the MoUs may help businesses develop advanced, industry-specific 5G options that will enable them to increase operational efficiency, promote product innovation, and think about new business models.

” Malaysia is truly positioned to promote automation. According to Ahmad Zaki Zahid, DNB’s Chief Strategy Officer, these Agreements may safe industry leaders by demonstrating the full potential of automation and 5G, which may lead to the desired result of the MOUs.

Dr Hairi Zamzuri, eMooVit’s CEO, said,” Partnering with Ericsson is essential for turning ideas into reality through firm use, with the ultimate aim of transforming urban transport in the future”.

By integrating its operating systems sensors, camera systems, and video analytics over the 5G community, the company is testing use cases for autonomous transportation. &nbsp,

Gobind emphasized the pivotal role of Malaysia’s 5G ecosystem in propelling enterprises towards digital transformation. &nbsp,

” Malaysia’s world- class 5G network is the cornerstone of this digitalization plan. It is much simpler than ever for industries to adopt use cases powered by 5G technology because of the widespread availability ( 80.2 % coverage of populated areas ) of high-quality 5G in Malaysia.

Gobind noted that Malaysia’s 5G deployment is credited with being one of the fastest globally, reaching 80 % of population coverage in less than two years of operation. As of March 2024, DNB said the network serves over 11.9 million 5G subscribers. Ekholm attributed this to the “excellent execution by DNB” resulting in,” now Malaysia has a world- class digital infrastructure”.

However, despite accolades like having a world-class 5G network, being the fastest to reach 80 %, and being among the most affordable, these accomplishments have not yet influenced Malaysian businesses to adopt 5G as part of their digital transformation or competitive strategies. Gobind expressed hope that more businesses will take advantage of the benefits that these cutting-edge telecommunication technologies can offer their businesses.

Taking questions from the media on developments around the second 5G network for Malaysia, Gobind said the new&nbsp, board of DNB, &nbsp, on&nbsp, Tuesday, will study a&nbsp, due diligence report regarding the 5G share sale agreement ( SSA ), before making any recommendations. He reiterated that the government’s position was that certain pre-requisites for the SSA between mobile network operators and DNB must be satisfied before a second 5G network can be established.

” The latest pre- condition met&nbsp, was the appointment of the directors&nbsp, last week” ,&nbsp, he said.

Intel, Scania and SKF Malaysia roles

Intel will work with Intel to create 5G use cases that will encourage the adoption of businesses. Intel and Ericsson want to demonstrate how communication service providers can speed up 5G adoption and foster compelling use cases for B2B transactions. Intel will focus on use cases in key sectors like manufacturing, transport, and logistics.

AK Chong, Intel’s VP of Foundry Manufacturing &amp, Supply Chain and Malaysia MD said,” Intel’s technology is at the heart of this industry transformation, catalyzing AI at the edge and breaking down barriers in the 5G core space”, she said. &nbsp,

To benefit from 5 G’s enhanced mobile broadband capabilities for optimized logistics operations, Scania will concentrate on integrating sensors, fleet management systems, and analytics. ” With 5G technology, Scania Malaysia aims to optimize our assembly and fleet management further to deliver greater efficiency to customers”, said Heba Eltarifi, Managing Director of Scania Southeast Asia.

The collaboration with SKF Malaysia, a market leader in bearing and seal solutions, will look at using 5G to enable wireless digitalization on manufacturing floors. Potential use cases include data shower analysis, video sensor monitoring, and data capture. ” We expect this collaboration to represent a significant milestone in our digital transformation journey”, said Vignesh Sakthinathan, Managing Director of SKF Malaysia.

According to David Hägerbro, Head of Ericsson Malaysia, Sri Lanka, and Bangladesh, Malaysia’s 5G network ranks globally among the top five thanks to its availability, affordability, customer experience, and capability. ” Business in Malaysia is now more competitive and attractive for foreign investors thanks to the digital infrastructure created by 5G.”

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F5 welcomes Mohan Veloo as new chief technology officer for APCJ

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  • arrives to F5, where he formerly served for more than ten years.
  • has more than 20 years of experience in the field of information systems.

F5 welcomes Mohan Veloo as new chief technology officer for APCJ

F5 has announced the appointment of Mohan Veloo ( pic ) as chief technology officer ( CTO ) for Asia- Pacific, China, and Japan ( APCJ), effective 30 April 2024. &nbsp,

The business stated in a statement that the newly created position highlights its commitment to providing innovative technological solutions that may support APCJ organizations ‘ success in the age of AI. Veloo will be in charge of defining F5’s systems vision for the region as the business continues to revolutionize application security in contemporary infrastructure environments.

With over two decades of experience in the information technology field, Veloo is a seasoned senior executive with a strong passion for software and their connection, security, and function. He has spent more than ten years at Oracle and has held senior leadership positions in solutions engineering at leading technology companies.

After serving for more than ten years at F5, Veloo brings valuable experience from his previous positions as APCJ’s Vice President of Global Solutions Engineering and Vice President of Global Solutions Engineering. Veloo previously held the position of Zscaler’s Vice President of Solutions Consulting.

Businesses across all sectors are adapting and innovating in the wake of growing cybersecurity risks, according to the dynamic landscape of today’s digital economy. F5’s portfolio enables enterprises to become more agile and secure” ,&nbsp, Kunal Anand, CTO, F5 said. Veloo, who has deep experience in application services and solution architecture, is ideal for this crucial role, he added. His appointment underscores our commitment to providing visionary leadership and advanced technology for the digital transformation journey.

Meanwhile, Adam Judd, Senior Vice President of APCJ Sales, F5 said,” We are delighted to welcome Veloo back to F5 as our new CTO. His vast experience and strong technical leadership will be essential to our continued success in the area. We are confident that his strategic direction and unwavering commitment to excellence will help strengthen F5’s commitment to supporting the region’s efforts to protect and support every application, wherever it is deployed.

Veloo’s appointment coincides with an exciting time for APCJ organizations looking to capitalize on potential AI. However, the increasing adoption of AI across the region poses challenges, including daunting complexity and evolving threat landscapes. F5 has implemented AI to enhance customer protection from sophisticated threats and effectively manage multicloud application environments across its solution portfolio.

Under Veloo’s leadership, F5 will strengthen its position as a market leader in terms of security and delivery for multicloud applications. He will also look for opportunities in emerging markets, keeping F5 ahead of the curve.

” I am honored to be driving the company’s technology vision in the region and thrilled to be returning to F5,” Veloo said, adding that this is a time when application delivery and security have never been more crucial and challenging. ” I am particularly excited about the opportunities in leveraging AI to easily optimise application performance, resilience, and security, anywhere. I look forward to working with our fantastic teams to continue empowering APCJ organisations to thrive with comprehensive, AI- ready solutions”, he said.

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Microsoft commits US.2bil to bolster Malaysia’s digital transformation

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  • largest expense by a software company in Malaysia.
  • Targeted to power Malaysia’s sky and AI change

Microsoft Chairman and CEO Satya Nadella (L) meets with YAB Dato’ Seri Anwar Ibrahim, Prime Minister of Malaysia at Perdana Putra, Putrajaya in Malaysia on May 02, 2024. (Photo by Annice Lyn/Getty Images for Microsoft)

Microsoft has announced a US$ 2.2 billion ( RM10.47 billion ) investment now, the largest in the bank’s 32- year history in Malaysia. Aimed at enhancing Malaysia’s fog and AI environment, the announcement was made by Satya Nadella, Chairman and CEO of Microsoft, during the Microsoft Build: AI Day held in Kuala Lumpur.

Microsoft’s investment may be distributed over the next four years, and includes plans to construct sky and AI equipment, create AI crafting opportunities for 200, 000 Malaysians, create a national AI Centre of Excellence, and defend the nation’s cybersecurity capabilities. Also, the investment may support the expansion of Malaysia’s designer community.

” We are committed to supporting Malaysia’s AI change to maintain it benefits all Malaysians,” said Nadella, adding that the initiative aims to make Malaysia a gateway for innovative technologies like conceptual AI.

Government cooperation and help

The Indonesian government has welcomed Microsoft’s effort, recognizing it as a precursor for the world’s electric empowerment journey. Zafrul Abdul Aziz, Malaysia’s Minister of Investment, Trade &amp, Industry, highlighted Microsoft’s longtime partnership with Malaysia&nbsp, while adding that the expense” will significantly improve Malaysia’s electric power and further elevate our position in the global technical landscape”, he remarked.

He added that this was further recognition of Malaysia’s position as a vibrant tech investment destination, in particular due to the country’s well- established semiconductor ecosystem. “( It is ) underscored by our value proposition that’ this is where global starts ‘”.

Meanwhile, Andrea Della Mattea, President of Microsoft ASEAN, said that this initiative is intended to support the Malaysian government’s National AI Framework. In consequence, Malaysia has steadily established itself as a regional hub for smart technology and digital innovation.

Broad community benefits

The investment is a larger commitment by Microsoft to provide AI skilling opportunities for 2.5 million people in ASEAN member states by 2025, which included a similar US$ 1.7 billion investment in Indonesia to expand&nbsp, cloud and artificial intelligence services, including building data centers.

The opportunities in Malaysia are hoped to benefit&nbsp, 200, 000 people and inclucate them&nbsp, with AI skills through the AI TEACH Malaysia program, and cybersecurity skills via the Ready4AI&amp, Security program.

Microsoft will work with various Malaysian organizations to establish a national AI Centre of Excellence to promote AI adoption in key sectors while ensuring AI governance and regulatory compliance. The company will work with various organizations to incorporate AI into their processes, including working with Cradle to develop the MYStartup’s single window ‘ platform and the Ministry of Investment, Trade and Industry ( MITI ) to better analyze the economic trajectories of various negotiating partners in international trade negotiations. &nbsp,

Microsoft will also work with the National Cyber Security Agency of Malaysia ( NACSA ) to promote resilience and security in the public sector through capacity-building and security assessments. &nbsp,

Local businesses will have access to the most recent technological advancements, community members will receive training in AI and digital skills to improve employability, and developers will be empowered through new initiatives like AI Odyssey, which aims to promote AI expertise.

” As more companies embrace the power of AI, having the right digital infrastructure in Malaysia is key to future- proofing our nation’s economy”, commented Rafizi Ramli, Minister of Economy. Microsoft’s investment will help to build a pipeline of AI-driven startups, boost productivity, and raise wages, and accelerate the adoption of generative AI.

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