Midwest Composites set to compete in Startup World Cup Grand Finale

  • 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-…

Continue Reading

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

  • 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/.

Continue Reading

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

  • 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.

Continue Reading

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

  • 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.

Continue Reading

Apple’s iPhone 16 heralds age of the AI-powered phone – Asia Times

I helped set up one of the first smartphones again in late 2007 on live TV, so I was excited to see the start of the first iteration of Apple’s cellphone. A smiling Steve Jobs happily held up that early system to the evident delight of Apple supporters at the release in June of that year.

Did the overdue Apple leader finally realize that he would forever alter portable communication? That discovery system was revolution, transforming the way individuals communicate with each other.

Apple revealed information about its new phone 16 at a press event on September 9th, along with a number of other exciting new products, including the Apple Watch Series 10 and AirPods 4. The release of the iPhone 16 might mark a turning place in Apple’s device company history.

Again in 2007, there were no other players in the market. There is a new factor in the mix that has the potential to shake up the smartphone market over the long term: artificial intelligence ( AI ). Today, competition is fierce and there is a new factor in the mix.

The highly praised new AI-based features are being promoted under the name” Apple Intelligence” ( ). These include features for editing photos and videos, something that other businesses have done a lot of when releasing new smartphones this time, like Google’s Pixel 9, as well as features to enable word processing and AI image generation.

There have been a lot of adjustments at Apple since the launch of the first phone. Jobs died in 2011 but his son as CEO, Tim Cook, has provided a solid strategic path for the business. Jony Ive, the professional design blogger behind many of Apple’s most popular products left the company in 2019 to set up his own style business, LoveFrom.

There have been more than 40 versions of the phone, with varieties that include the standard type, the Plus, Pro and Pro Max types. Over 50 % of Apple’s entire revenue is generated by income of the system.

As like, it also forms the cornerstone of the bank’s business, which today includes associated items such as the above AirPods and watches. There’s also the Apple Vision Pro, a “mixed reality” helmet which layers modern parts over a perspective of the real world. Along with TV and film, different lines of Apple’s business are now covered by cloud store.

Image: Xeniia X / Shutterstock via The Talk

But, Samsung, Google, OnePlus, Xiaomi and an abundance of other people in the laptop industry are all vying to find a spot in your pocket for their handset. Apple and those other companies have originally focused on enhancements to the features they now offer in light of the fierce competitors in the smartphone market.

That means faster processors, longer battery life with faster cost times, increased camera systems, larger storage capacity, better WiFi and Bluetooth, immediate payment technology and more solid, titanium cases with near-indestructible screens.

Nevertheless, there is now a scramble to add AI into telephones and, indeed, into various Apple devices. Although Apple has just started significantly trailing its Apple Intelligence features, this is not a feature that has been particularly emphasised to consumers before.

Both Google and Samsung have used AI features extensively in smartphone debuts this time. Had AI change the game in a marketplace that has historically focused solely on progressive improvements?

As a scientist into Artificial, I spent this summertime researching the characteristics of this technology, which has, of course, been around for a long time. We have reached a point where AI will unquestionably alter how we conduct our daily lives and work.

Apple Intelligence-based tools will be available on the new phone 16 to improve the customer experience. This will include editing, rewriting, and summarising word, an enhanced ability to detect things in images and videos, such as eyes and information.

Additionally, it will have the ability to create personalized emojis, image editing tools, and the ability to make personalized emojis by describing what you want to make in a text or voice fast.

One interesting AI-enabled have is called Visual Intelligence. With the aid of a new lens control button on the side of the phone 16, you can search for information on anything you can see through your telephone.

One of the examples provided at Apple’s Monday start event was the ability to quickly access starting time, a list, and scores without having to manually enter that information into a search engine.

Users may even get a photo of a banner for a street event. The phone 16 will add it to their calendar along with additional information, such as the time and location.

There will also be significant AI-based enhancements to Apple’s digital assistant systems, Siri. The assistant will be able to execute actions within apps more effectively, better realize content from applications, and provide more up-to-date information.

Moreover, Siri is expected to have a better understanding of consumer behavior, be able to make suggestions, provide intelligent responses as options in communications, and report and transcribe telephone calls.

These brand-new capabilities will be fascinating additions to the AI capabilities that are already available on different phones. For instance, Samsung’s caller-interactive speech language feature can give people translators a run for their money.

Lewis Endlar is programme director of MSc Project Management and professor in Business, Keele Business School, Keele University

This content was republished from The Conversation under a Creative Commons license. Read the original content.

Continue Reading

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

  • 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.”

Continue Reading

Cradle board member Faizah Mohamed Amin passes away

  • 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.

Continue Reading

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

  • 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.

Continue Reading

CelcomDigi, Borneo Restu in strategic partnership to drive digital innovation in Sarawak

  • Enhanced connection will push innovation, get opportunities, create new jobs
  • Collaboration a crucial step in the project’s effort to improve communication across the Express

Left to Right: Nor Qamarulzaman Osman, executive chairman, Borneo Restu,  Ian W Lee, managing director, Borneo Restu, Afizulazha Abdullah, chief enterprise business officer, CelcomDigi, Idham Nawawi, CEO, CelcomDigi

In order to advance Sarawak’s continued digital conversion efforts, CelcomDigi Berhad and Sarawakian telecommunications equipment professional Borneo Restu Sdn Bhd have entered into a corporate partnership.

The events stated in a joint declaration that the engagement is a step in the PoP Phase Two project, which aims to improve communication across the State with a focus on enhancing internet access in both suburban and rural areas, particularly for schools in these areas. They added that increased digital access will empower communities by enabling new business opportunities, driving digital technology, attracting opportunities, and creating new jobs, contributing to the advancement of Sarawakians ‘ quality of life as well as the State’s overall economic growth.

At the Memorandum of Understanding signing ceremony to formalise the relationship, CelcomDigi’s CEO, Idham Nawawi, said,” This association is a major step in the development of Sarawak’s modern system, as we join forces to help better online access, ensuring that the enhanced connectivity benefits all Sarawakians. We look forward to a long-standing collaboration with Borneo Restu, delivering the PoP Phase Two initiative, and exploring more efforts to promote Sarawak’s modernization work”.

However, Borneo Restu’s handling director, Ian W Lee, reiterated the company’s preparation in the proper execution of the PoP Phase Two project. We are steadfast in our commitment to finishing the remaining project by the end of 2025, and we look forward to playing a significant role in Sarawak’s digital transformation by working closely with CelcomDigi to advance Sarawak’s economic and social development through improved connectivity.

Last year, the Ministry of Communications allocated US$ 897 million ( RM3.9 billion ) to continue the implementation of the PoP Phase Two project, involving 3, 693 PoP sites near schools in rural areas throughout the country. In Sarawak, US$ 231.7 million ( RM1.08 billion ) was allocated to Borneo Restu to build 681 PoP sites across the State.

CelcomDigi is also part of the Sarawak Digital Economy Corporation’s SMART600 project, aimed at improving digital connectivity in rural Sarawak. The telco’s 4G coverage in densely populated areas of the State currently is 90 %, with further improvements hoped as the company moves more quickly in its post-merger network integration and modernization project.

In addition to providing connectivity, CelcomDigi is actively involved in a number of other initiatives to promote digitalization in Sarawak. This includes organizing the MY5G SME Digital Workshop last week in Kuching, which provided 200 local MSMEs with the digital skills and resources needed to increase business efficiency and prosper in a digital economy.

The company was also the platinum sponsor of SUKMA 2024 in Sarawak, pioneering the nation’s first-ever live broadcast, powered by 5G-Advanced (5G-A ) technology, from SUKMA 2024 to viewers across Malaysia. Additionally, it installed 5G-A-powered 360° cameras at Stadium Sarawak, giving viewers a remote, immersive view of the atmosphere of the sports arena via a VR headset. Additionally, the company achieved the fastest mobile speeds at 30.8Gbps during a live 5G-A trial conducted in Kuching.

Continue Reading

MyDigital, Bursa Malaysia pen Memorandum of Collaboration to drive ESG innovations through digital transformation

  • signed MoUs with 5 PLCs in Malaysia
  • MoC helps govt’s push for companies to promote ESG goals through online transition

Left to Right: Gobind Singh Deo, minister of Digital; Adrian Marcellus, CEO of MyDIGITAL Corporation; Muhamad Umar Swift, CEO of Bursa Malaysia; and Abdul Farid Alias, senior independent non-executive director of Bursa Malaysia at the Memorandum of Collaboration Signing Ceremony Between MyDIGITAL Corporation and Bursa Malaysia.

MyDigital Corporation and Bursa Malaysia Berhad have entered into a Memorandum of Collaboration ( MoC ) to empower Public Listed Companies ( PLCs ) in Malaysia to achieve their Environmental, Social, and Governance ( ESG) goals through the adoption of digital technologies. Through the Malaysia Centre4IR ESG Innovation Challenge, which was announced last month, the MoC formalizes the two factions ‘ previous engagement.

The MoC was signed by Umar Swift, CEO of Bursa Malaysia, and Adrian Marcellus, CEO of MyDIGITAL Corporation and head of the Malaysia Centre for the Fourth Industrial Revolution ( MYCentre4IR ). The filing meeting was witnessed by Gobind Singh Deo, Minister of Digital Malaysia, and Abdul Farid al Alias, Senior Independent Non-Executive Director of Bursa Malaysia.

The MoC supports companies in accelerating their ESG excursion through online transformation by working with the government through the Ministry of Digital. In particular, there is an emphasis on the need for Fourth Industrial Revolution ( 4IR ) technologies to be at the forefront of this transformation, enabling corporates to address pressing challenges, the parties stated in a statement.

Under the context of the MoC, MyDigital Corporation and Bursa Malaysia did examine a range of activities, including:

    Co-Authoring Thought Leadership Publications: Leveraging the Malaysia Centre for the Fourth Industrial Revolution ( MYCentre4IR ) network, in affiliation with the World Economic Forum ( The Forum ), to produce content on sustainability, green supply chain management, digital transformation, and other related fields.

  1. Best Practices Exchange: Facilitating information exchange between Bursa Malaysia, MYCentre4IR, and The Forum on important matters related to conservation and natural activities.
  2. Hosting the Malaysia Centre4IR ESG Innovation Challenge: An development issue that connects Malaysian PLCs with vivid imaginations and promising companies and entrepreneurs from all over the world. The objective is to find creative solutions that address business issues, which might lead to an increase in business competitiveness and benefiting businesses and the atmosphere.

Gobind commented,” This event is testament to our government’s continued digital conversion trip. Additionally, it demonstrates the government’s strong desire to place ecology at the center of our growth plans.

He added,” I was pleased to read that the article addressed Bursa Malaysia’s requirement for publicly-listed companies to disclose their sustainability practices in their annual reports. In truth, the article also highlighted the Malaysia Centre4IR ESG Innovation Challenge. The initiative exemplifies how partnerships and innovation can contribute to important environmental progress, the organization continued.

Commenting on the engagement, Umar Swift said,” At the Exchange, we have long recognised online acceleration as a vital enabler for driving sustainable development and competitive benefit among Indonesian companies. This MoC with MyDigital Corporation is a positive move in our efforts to spread the concept that ESG and digitalization go hand in hand to promote sustainable development.

” We anticipate that the collaboration’s activities will encourage and motivate more businesses to use digitalization features to enhance their entire ecology performance and operational efficiency,” he added.

Adrian Marcellus remarked,” Tomorrow’s MoC with Bursa Malaysia is a crucial step in our shared goal to improve conservation through electronic technology. We want to promote sustainability and collaborate to create a more adaptable and future-ready modern surroundings by leveraging MYCentre4IR’s partnership with the World Economic Forum.

” We look forward to the Malaysia Centre4IR ESG Innovation Challenge and the thought-leadership and capacity-building activities that will be part of this partnership with our anchor business lovers,” he continued.

MoUs with 5 Malaysian PLCs

At the signing of the MoC, MyDigital Corporation also signed Memoranda of Understanding with five Malaysian PLCs, including CJ Century Logistics Holdings Berhad, Globetronics Technology Berhad, Malayan Banking Berhad, REDtone Digital Berhad, and Sunway Innovation Labs ( representing Sunway Group ).

These MoUs are an extension of the preceding MYCentre4IR Innovation Challenge. On November 7, 2024, the Innovation Challenge will result with a Demo Day at Bursa Malaysia, where five of the most promising suggestions may receive funding opportunities for pilot projects as well as access to a community of business leaders and traders.

Visit the Malaysia Centre4IR ESG Innovation Challenge’s website for more details and how to take part.

Continue Reading