CARSOME raises undisclosed funding round, emphasises its US0mil liquidity position

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Mostly existing investors with new investor, EvolutionX Debt, a SG based debt fund
Claims independent biz units have hit profitability with over 30% revenue growth

CARSOME Group announced the closing of its latest fundraising round yesterday, without disclosing the amount raised, but shared that the funding has brought its current liquidity to approximately US$200 million (RM927.9 million).
Highlighting its liquidity position is a response…Continue Reading

MITI and the United Nations launch Malaysia SDG Investor Map

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15 Investment Opportunity Areas identified, with information on indicative returns
Serves as market intelligence for investors seeking SDG-aligned opportunities

The Ministry of Investment, Trade and Industry (MITI) and the United Nations (UN) in Malaysia has launched an online market intelligence tool called the Malaysia SDG Investor Map to help private investors find investment…Continue Reading

MHI and TNB Genco sign clean energy MOU to drive decarbonisation

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Agreement covers hydrogen infrastructure and CO2 capture
Helps accelerate net-zero goals and 50% reduction in coal generation by 2035

Mitsubishi Heavy Industries, Ltd. (MHI) and TNB Power Generation Sdn. Bhd. (TNB Genco), have signed a Memorandum of Understanding to study and exchange information related to clean energy technologies. Under the MoU, MHI with…Continue Reading

Malaysia’s respond.io achieves WhatsApp Business Solution Provider status; joins 150 global providers recognised by Meta

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Businesses can manage WhatsApp business profiles from one centralised platform
Will complement respond.io’s automated integration with over 5k third-party apps

Omnichannel customer conversation management platform respond.io achieved WhatsApp Business Solution Provider (BSP) status last month, joining the ranks of fewer than 150 BSPs across the globe. Local businesses using respond.io will now be…Continue Reading

Sunway Group accelerates Net Zero ambitions through partnership with Deeptech Labs

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     * Partnership will commercialise and accelerate growth of net zero technologies     * Cambridge-based accelerator will facilitate entry of SEA startups into UK market
Sunway Group, one of Southeast Asia’s leading conglomerates, today announced a strategic partnership with Deeptech Labs, a venture capital fund and deeptech specific accelerator based in…Continue Reading

MYEG, Universiti Malaya add AI to ongoing collaborative research with China under G2G program

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Leverage AI to further streamline & optimise the cross-border trade processes
One of 14 nations in program with Ministry of Science and Technology of China

MY E.G. Services Bhd, the developer of the public Layer-1 blockchain platform Zetrix, and Universiti Malaya (UM) yesterday announced the expansion of their research collaboration with China Academy of…Continue Reading

Tune Protect on finding the right key to cover woefully uninsured Malaysian SMEs

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Aimed at micro SMEs, of whom 85% are underinsured or uninsured
Looking to disrupt the space of Gen Z and Millennials entrepreneurs

The insurance landscape for small and medium-sized enterprises (SMEs) in Malaysia has been a challenging one, with a significant protection gap leaving many businesses underinsured or uninsured. Despite contributing 37.4% to the nation’s…Continue Reading