Digital Nasional Berhad appoints new members to its Board of Directors

On: April 25, 2024

Nominations take effect on April 24, 2024.
DNB looks forward to the new club’s type in advancing M’sia’s online network

Digital Nasional Berhad appoints new members to its Board of Directors

Following the Share Subscription Agreements that DNB, MOF Inc., and five Mobile Network Operators signed on December 20, 2018, Digital Nasional Berhad ( DNB) has announced the appointment of new Board members. The new Board members will include senior executives from the telecommunications and technology sector. The session takes effect on April 24, 2024.

Johan Mahmood Merican and Ma Sivanesan Marimuthu, the two different two current people, will join the five fresh people on DNB’s table.

The new committee members and their replacements are as follows:

MNO	Director	Alternate Director
CelcomDigi ( Infranation Sdn Bhd )	Datuk Kamal Khalid	–
Maxis Broadband&nbsp, Sdn Bhd	Uthaya Kumar A/L K Vivekananda	–
U Mobile Sdn Bhd	Chang Yit Fei	Tan Kok Leong
Telekom Malaysia Berhad	Nik Azli Abu Zahar	Mohamed Tajul Mohamed Sultan
YTL Power International Berhad	Yeoh Seok Hong	Dr. Fadhlullah Suhaimi Abdul Malek

Coc stated that it looks forward to hearing from the newly formed table in terms of driving the development of Malaysia’s modern facilities and the implementation of 5G systems across sectors, businesses, the public market, and consumers.

Activpayroll strengthens presence in APAC with Kuala Lumpur Office to meet rising industry demands

By: Mary Blight

On: April 24, 2024

In: Technology

The growth addresses APAC’s need for HR and payroll services.
Aims to quadruple its workforce by 2028, with a 37 % increase in opex and capex&nbsp,

(L-R): Mahadhir Aziz, CEO of Malaysia Digital Economy Corporation (MDEC), Manish Mehta, regional director Activpayroll, David Deacon, chief people officer Activpayroll, Wilson Ugak Kumbong, deputy minister of Digital Malaysia, Ailsa Terry CMG, British high commissioner to Malaysia and Andrew Philp, executive director APAC Activpayroll during the Malaysia Digital Certificate Presentation

Activpayroll, a leading integrated global HR and payroll platform, has strengthened its&nbsp, position in Malaysia and is poised to tap into the growing Asia Pacific ( APAC ) payroll and HR outsourcing market with the opening of its new office in Bukit Damansara, officiated by Malaysia’s Deputy Minister of Digital, Wilson Ugak Kumbong. Also in attendance were Ailsa Terry, British High Commissioner to Malaysia, and Mahadhir Aziz, CEO of Malaysia Digital Economy Corporation ( MDEC ).

The market for HR and payroll outsourcing in APAC is projected to reach US$ 37.9 billion ( RM181 billion ) by 2027, growing at a compound annual growth rate ( CAGR ) of 8.2 % from 2022 to 2027. In APAC, where 57 % of businesses outsource their HR functions, a trend expected to grow, there is an increase in demand for professional service covering cross-border regional and global-scale HR and pay.

Andrew Philp, Activpayroll’s executive producer for APAC, stated,” As the business experiences extraordinary development, our growth in Kuala Lumpur is fast. This action strengthens our existence in this country and establishes the foundation for Activpayroll to take the lead in shaping the region’s future of global pay and HR companies.

” We see how important our continued expense in our operating teams, who are based in Malaysia, is to the development and growth of the Activpayroll services in the area. We are convinced that we will be able to provide the close help our customers need to excel in APAC because of the availability of skilled resources in Kuala Lumpur,” he added.

Activpayroll’s new Kuala Lumpur office will serve as its primary Global Support Service Centre ( GSS) for both global and Asia Pacific operations. By establishing a whole suite of teams, including those in tech and global payments, the company aims to optimize service delivery and enhance the customer experience. In terms of staff, the new business is anticipated to be the largest for Activpayroll, with hopes for a robust top-line income increase of over 40 %.

Additionally, the business intends to increase its workforce by quadrupedping its workforce by 2028, supported by an average 37 % increase in operating and capital expenditures. In less than a month, the company has previously doubled its workforce. &nbsp,

In response to the need for dynamic and skilled workers, Activpayroll has made significant investments in training and development initiatives to advance Malaysia’s efforts to have a strong talent pool.

Activpayroll received a document from MDEC for Malaysia Digital Status during the occasion. The increased investment in Malaysia and the company’s choice to place Kuala Lumpur as a local hub serving its APAC clients, according to Mahadhir Aziz, CEO of MDEC, are both clearly indications of the country’s commitment to creating a suitable business environment and solid infrastructure. Today, with the MD documentation, we anticipate their accelerated trip, further enhancing Malaysia’s fame within the powerful electric market ecosystem”.

This strategic shift by Activpayroll is both a testament to its commitment to the Indonesian market and a major contribution to Malaysia’s effort to lead the region in terms of innovation and modern transformation.

The business is dedicated to assisting businesses in navigating global challenges in their markets by providing customized solutions to address issues like tax compliance, world mobility, international payroll, and global HR. With existing customers within Asia such as Kellogg’s, BMW, AXA, British Council, and many more, Activpayroll is convinced that with Malaysia serving as the focal point in the region, it may force important development for the business.

Manish Mehta, regional director of Payroll Operations and nose of Global Support Services, Activpayroll, said,” As we embark on the early days of our annual GSS heart, we are proud to host important functions such as engineering and software management, management accounting, credit control, global payroll and payments, business and contracts, business development, and HR. Our unwavering commitment is to make sure the GSS center is a smashing success and that our global business expansion is seamless.

The establishment of the Kuala Lumpur hub demonstrates Activpayroll’s commitment to the rapidly expanding APAC region and the Malaysian market. An over 60 % increase in investment outlays has been caused by a significant investment drive launched in December 2022. &nbsp,

The Malaysian market will benefit from Malaysian businesses’ sustained growth and industry leadership, as well as meaningfully influencing the growth of the professional services sector, enabling Malaysian businesses and their workforces to prosper in the dynamic APAC landscape.

Zetrix and MaiCapital Ink MoU to launch virtual asset funds in HK

By: Mary Blight

On: April 24, 2024

In: Technology

Consist of a box of cryptocurrencies, such as Bitcoin and Zetrix
MYEG expands the range of digital property for investors through its MYEG platform.

(from left): Marco Lim, Managing Partner of MaiCapital Limited; TS Wong, Group MD of MY E.G. Services Bhd; and Dr. Liu Zhiwei, Chairman of GoFintech Innovation Limited, a Hong Kong PLC which is a shareholder of MaiCapital.

Zetrix Foundation and MY E. G. Services Bhd signed a MoU with MaiCapital, a Hong Kong-licensed virtual asset manager, to work together on the launch of a virtual asset fund or Hong Kong virtual assets exchange-traded fund ( ETF ) products.

The MoU focuses on a collaboration to issue a Securities and Futures Commission of Hong Kong ( SFC) approved ETF, which would consist of a basket of cryptocurrencies, such as Bitcoin and Zetrix, and potentially other suitable cryptocurrencies.

This partnership follows MYEG- developed Zetrix’s news of a proper alliance with Web3Labs Hong Kong, a superstar in Web3 growth and expense, alongside venture capital firm Summer Capital. Collectively, they aim to push forward Hong Kong’s Web3 passions and place Zetrix as the desired blockchain infrastructure for software aligned with the Hong Kong government’s targets, an initiative launched earlier this year.

The SFC has begun granting certifications to a number of property managers in order to start the first place bitcoin and ethereum ETFs as a result of the cooperative effort between MYEG and MaiCapital. &nbsp,

The relationship, according to TS Wong, MYEG’s managing director, represents yet another significant step forward in the mainstream finance industry.

” MYEG is pleased to work with MaiCapital, a leading provider of virtual asset (VA ) fund services in Hong Kong, to expand our options for investors in terms of cryptocurrency virtual assets funds or ETF options. This collaboration aims to help investors reduce risk and uncertainty associated with owning a second cryptocurrency by offering investors more avenues for diversification across multiple cryptocurrencies.

Marco Lim, the controlling partner of Mai Capital Limited, says this engagement is a sign that Hong Kong’s accept of Web3 technology and its position as a gateway for innovation in this field is succeeding.

“VAs are a vital part of a lively Web3 ecosystem, and more and more top Web3 players are recognising Hong Kong’s liberal yet careful stance on Web3. Our latest MoU with Zetrix Foundation/MYEG is yet another bible”.

Soft Space launches first JCB payment gateway in Malaysia

By: Mary Blight

On: April 23, 2024

In: Technology

SenangPay, an online payment processor, allows JCB understanding.
to encourage Soft Space in various industries, such as in-flight payments.

The launch of the first JCB payment gateway enables JCB acceptance for e-commerce merchants via Soft Space.

Soft Space Sdn Bhd, a leading fintech-as-a-service ( FaaS ) provider, and JCB International Co, Ltd, the international operations subsidiary of JCB Co, Ltd (JCB), announced the launch of the first ever JCB payment gateway in Malaysia.

Following their successful central bank digital currency ( CBDC ) trial in December 2023 and the recent agreement allowing JCB acceptance for all Hong Leong Bank merchants, Soft Space said it regards this as a significant milestone in its strategic partnership with JCB.

Leveraging JCB’s strong global community and Soft Space’s technical knowledge, the JCB payment gateway aligns with the global shift towards varied electronic transactions, meeting the market’s demand for protected, innovative payment options.

In this situation, Soft Space provides an Application Programming Interface ( API ) specification that makes it possible for acquirers and payment processors to quickly and effectively give their retail merchants access to JCB’s network of over 156 million cardmembers worldwide as of September 2023 ( where annual transaction volumes exceed 43 trillion ( US$ 278 billion ) between April 2022 and March 2023 ) without having to establish a direct connection to JCB themselves.

Soft Space launches first JCB payment gateway in Malaysia Malaysia is the most popular nation in Southeast Asia in 2023, according to the start of the JCB pay gate^. Not only will this make cross-border payments more convenient, secure and seamless, it aligns well with our broader goal to promote Soft Space’s technology in other verticals such as transit and in-flight payments globally, ” said Joel Tay ( pic ), Chief Executive Officer of Soft Space^.

E-commerce merchants stand to benefit greatly from this development, especially those in the tourism sector. Japanese tourists are increasingly purchasing attraction tickets and booking accommodation via e-commerce merchants. If the merchants can start accepting JCB payments through payment facilitators, they are well-placed to capitalise on the rapidly growing international e-commerce spending by JCB cardmembers, which has increased by 52% from 2021 to 2022[1]. Figure I do not want to leave during the pandemic

Yoshiki Kaneko, President and CEO of JCB International Co, Ltd said: “Looking at the behavior of today’s shoppers, online shopping has become an essential part of their daily lives and also the primary source of growth for all companies, including JCB. This pattern is particularly prevalent since the crisis. To capitalize on the expanding business prospect in the e-commerce industry and to improve the experience for our JCB cardmembers and retailers, we are thrilled to launch the new work along with Soft Space. We can now have even greater assurance that our relationship with Malaysia’s top banking companies is essential to success thanks to this milestone in our strategic partnership with Soft Space. ”

Following the onboarding of senangPay, as the first JCB payment gateway part, Soft Space will expand the training of another acquirers and pay facilitators in the APAC area and past, promising greater effectiveness, security, and convenience for both merchants and JCB cardmembers.

By removing obstacles to making or accepting payments, we at SenangPay promote ease in business development. Integrating JCB Card understanding into senangPay’s habitat marks a major step for our stores, ” said Mansor Abd Rahman, CEO of senangPay. “Offering different payment options, while allowing consumers to pay using their desired methods, not just expands senangPay’s variety of transaction solutions, but also enables our merchants to join with Japan’s tourists and expatriates in Malaysia. ”

This achievement between Soft Space and JCB is more than just a milestone in their strategic partnership; it also demonstrates Soft Space and JCB’s shared commitment to changing the global payments landscape.

Malaysia’s E&E supply chain draws ATX Group to launch US$55mil plant in Melaka, its first outside China

By: Mary Blight

On: April 23, 2024

In: Technology

Distributors of silicon assembly and testing worldwide
strengthening the supply network for Malaysia and its clients in terms of technology

Execs from MIDA and ATX Semiconductor Group at the launch of its US$55 million facility in Melaka.
ATX Semiconductor Group, a China based global provider of semiconductor assembly and test services, offering a full range of turnkey services that include package design, front-end engineering test, wafer test, package assembly and final test celebrated its new US$ 55 million ( RM258 million ) manufacturing plant in Free Trade Zone III, Batu Berendam, Melaka today.

Following , the official beginning of the service follows. Life Energy Motion ( LEM) a European company with a leading position in electronic measurements inaugurated its US$ 16. 5 million ( RM79 million ) production plant in Penang, on Fri. Although the investments, which are relatively small in comparison to the billion dinars opportunities that make Malaysia famous, reflect the strong attraction of Malaysia’s world-class silicon capabilities, which have resulted in an increase in small but significant E& investments. E supply chain people relocate to Malaysia to get closer to consumers and profit from the skilled workforce.

The first ATX Semiconductor ( Melaka ) Sdn Bhd plant is the first one outside of China, not only is it the first one in Malaysia. With over 2,000 jobs being created in Melaka, ATX Group can capitalize on its strong foothold in China, along with its container and test options, to facilitate technology transfer and skill development between China and Malaysia.
The new facility has begun carrying out manufacturing operations and will continue to grow its production capacity to better serve customers in Malaysia and the surrounding areas. From the beginning of 2026, ATX anticipates expanding its operations.
Melaka state officials, members of the Malaysian Investment Development Authority ( MIDA ), ATX customers and business partners, as well as employees of ATX Group, were present at the event.
Chris Hsu, CEO of ATX Group, said, “ATX investment in Malaysia reinforces ATX’s commitment in expanding world-class semiconductor manufacturing capabilities. The products and services ATX provide encompass all industries including communication, automotive, consumer, industrial, high-performance computing and medical. For Malaysia and its customers around the world, ATX is strengthening its electronics supply chain. ”

Malaysia's E&E supply chain draws ATX Group to launch US$55mil plant in Melaka, its first outside China The launch of ATX Semiconductor’s facility here, according to Sikh Shamsul Ibrahim ( pic ), CEO of MIDA. It is a result of our strong economic position and the numerous attractions that make Malaysia an ideal investment hub in the area. With strategic proximity to key markets, a rich culture, and a robust semiconductor ecosystem, Malaysia is well-positioned to attract a broad spectrum of international investors, including major Chinese corporations. This project will lead to the creation of over 2,000 jobs and strengthen our supply chains in order to meet the changing demands of the E&& E industry. ”
With more than three decades of collaboration and innovation, ATX Melaka has established partnerships with global brands like Panasonic and UTAC Group. Leveraging a blend of Eastern and Western manufacturing best practices, including 5S, Kaizen, Toyota Way, and change management, ATX Melaka is poised to establish a strong presence among semiconductor players on a global scale.
ATX now has six IATF16949 certified manufacturing facilities worldwide with more than 8,000 employees along its sales offices across US, Europe, Singapore, Japan, and China. From Small Outline Transistor ( SOT )/ Quad Flat No Lead ( QFN) / Transistor Outline ( TO ) to Sensors, the ATX Semiconductor ( Melaka ) factory will be producing a wide range of semiconductor products.

A view of the ATX Melaka plant from Google Earth.

Matrade, Amazon Global Selling launched year-long collaboration to boost cross-border ecommerce capabilities

By: Mary Blight

On: April 23, 2024

In: Technology

Both functions will host events to raise cross-border e-commerce awareness
Aims to enable M’sian SMEs SMEs to expand on Amazon’s e-stores, increase worldwide

Matrade, Amazon Global Selling launched year-long collaboration to boost cross-border ecommerce capabilities

In response to the growing demand from Malaysian businesses, MADE ( Malaysia External Trade Development Corporation ) and Amazon Global Selling are collaborating more effectively to promote cross-border e-commerce in Malaysia. The two functions stated in a joint statement that they will work together to hold monthly outreach activities throughout 2024 to increase awareness of cross-border e-commerce and to assist Indonesian product owners starting their cross-border e-commerce firm with Amazon. They also intend to introduce more Malaysian brands and products to customers in the US.

In addition to increased website engagements with personalized training and content designed to help Malaysian sellers succeed on the world stage, they added that the 2024 activities will include offline events in Kuala Lumpur, Penang, and Johor Bahru, as well as in-person workshops offering valuable insights and guidance to empower native entrepreneurs.

The course contents, provided to Malaysian SMEs, will cover the end-to-end journey of an Amazon seller, including account registration, product preparation, compliance, listing, shipping, advertising, and more, they said.

The most recent findings from the Access Partnership report from 2023 indicate that Malaysia’s e-commerce export value is projected to increase annually by 14 %, reaching an estimated US$ 8. 6 billion ( RM36. 2 billion ) by 2027. This projection highlights Malaysian businesses’ enormous potential to expand beyond domestic borders. Matrade, Amazon Global Selling launched year-long collaboration to boost cross-border ecommerce capabilities

To introduce cross-border e-commerce to Malaysian SMEs,” We are pleased to embark on this strategic partnership with Amazon Global Selling,” said Mohd. Mustafa Abdul Aziz ( pic ), CEO at Matrade.

” Through this collaboration, we aim to equip Malaysian SMEs with the necessary knowledge and resources to expand their presence on Amazon’s e-stores and grow their brands internationally, ” he further emphasizes, “This initiative perfectly complements the MADANI Economy Framework, the National Trade Blueprint, and the recently unveiled New Industrial Master Plan 2030, all of which underscore digitalisation and cross-border e-commerce as fundamental catalysts in driving Malaysia’s economic growth and resilience. “

The promising projections for Malaysia’s e-commerce export sector, according to Anand Palit, head of Amazon Global Selling in Southeast Asia, “underline the great potential that exists for businesses in the region.” We are grateful for our year-long partnership with Matrade and look forward to supporting Malaysian brand owners as they begin their global sales journey. By leveraging Amazon Global Selling’s expertise and Amazon resources, and working closely with Matrade, we hope to empower Malaysian SMEs to tap into the opportunity of cross-border e-commerce, driving growth, and enabling local businesses on their journey towards international success. ”

Amazon’s Global infrastructure and resources to facilitate this go-global Journey

Amazon is continuously investing in logistics, tools, services, programmes, and people to foster the growth of sellers worldwide. The business has a global presence in 22 countries and is able to deliver goods to customers in more than 200 nations and territories. It has more than 400 fulfilment centers across the globe and through Amazon stores, sellers, including those from Malaysia, can directly reach over hundreds of millions of active customer accounts worldwide, including more than 200 million Prime customers overseas.

Take Amazon’s ( FBA ) Fulfillment as an example. It can help sellers increase their scale by assisting them with product selection and shipping while also providing customer service and returns. Nearly 2 million SMEs are currently selling on Amazon, and these paid-for third-party services made up more than 60 % of the paid-for total in the 2019 Q4 quarter.

dedicated team to promote global expansion and client reach

The new team based in Singapore is dedicated to introducing Amazon’s cutting-edge tools and resources to Malaysian sellers and guiding them on their journey to expanding internationally and reaching customers from all over the world. Amazon’s dedicated team will be proactively engaging with Malaysian entrepreneurs, manufacturers, and resellers, actively organising workshops, events, and conferences across Malaysia aimed at fostering market awareness and facilitating cross-border e-commerce initiatives.

Advancing cross-border e-commerce step for Malaysian SMEs

There are already Malaysian sellers who have benefited from this new opportunity, and one of them is Galano Furniture, according to Amazon.

Galano Furniture’s marketing director, Alisha Tan, stated,” Our journey with Amazon Global Selling has been nothing short of transformative. With a keen focus on excellence and innovation, we’ve developed a global business, forging direct connections with consumers internationally. We have chosen Fulfilled by Amazon ( FBA ), which has given us peace of mind regarding customer care and delivery to the last mile. Additionally, FBA consistently proves to be the optimal choice, particularly for newly launched items. In 2023, we saw remarkable business growth, with sales increasing from 5-digit USD to 6-digit USD. ”

DNB’s response to Channel News Asia article on Malaysia’s 5G roll-out

By: Mary Blight

On: April 22, 2024

In: Technology

DNB denies claims, rejects assertions of misconduct in its procurement practices
Independent, international expert solutions firms and 50 experts were engaged in the tender approach.

Digital Nasional Berhad ( DNB) has released a statement addressing several misleading claims made by Channel News Asia in an article titled “Malaysia’s billion-dollar 5G roll-out stumbles as deal breaks down between powerful telcos, state-owned operator, ” published on April 19, 2024, and subsequently reported by other media outlets.

The post alleged that DNB lacked accountability in its internal operations, especially concerning the giving of contracts to third-party vendors, especially for Ericsson’s 5G networking equipment, software procurement, and a potentially beneficial cloud services platform.

DNB responds with a strong refutation of these claims and rejects any claims that its leadership and procurement practices were impure. The organization argues that its sweet and procurement procedures adhere to the most stringent management standards and best practices.

DNB claims that it has consistently maintained transparency and openness when awarding bids and contracts, and that it has covered these issues in-depth with the media and Parliament, consistently refuting the allegations.

The commitment for 5G network technology was awarded based on a thorough assessment process, with Ericsson receiving the highest score across all requirements, according to DNB. A small independent international professional services organization organized the delicate operation, which included nearly 50 local and international experts from ten nations with 5G network rollout experience. The procedure underwent several assessments, including by the Malaysian Cabinet in 2022 and 2023.

The procedure is ongoing, and DNB clearly refutes any contradictory claims, but is unable to make certain comments due to security limitations. DNB stresses the importance of verifying published studies based on reliable data as a common utility serving the public interest.

DNB reiterates its commitment to delivering one of the best-performing and most trusted 5G networks worldwide, expediting its implementation within resources, and fostering increased 5G implementation across industries, enterprises, and the public to promote Malaysia’s online change.

US tech giants reviving Japan’s cutting edge – Asia Times

By: Bolen C

On: April 22, 2024

In: Asia, Technology

Top American computer and software companies have moved their focus to Japan, strengthening a long-standing partnership that is accelerating Japan’s technical competitiveness recovery.

Nvidia, Microsoft, and Oracle, the three American tech companies that just made fresh opportunities in Japanese data centers and related solutions, are all well-known. Additionally, they have encouraged Japan’s involvement in development tasks for classical and AI.

In March, the new ABCI-Q supercomputer built by Fujitsu at Japan’s National Institute of Advanced Industrial Science and Technology ( AIST ) announced it will feature Nvidia’s CUDA-Q hybrid quantum-classical computing platform, equipped with more than 2,000 graphics processing units ( GPUs ) for accelerated computing.

( ABC I is an acronym for AI Bridging Cloud Infrastructure; CUDA for Compute Unified Device Architecture. )

ABCI-Q is designed for inclusion with potential quantum technology. It does help classical simulations for exploration and contribute to the progress of machine learning in areas such as AI, strength, biology, pharmaceuticals, logistics and business. .

The new computer will allow Chinese researchers discover quantum computing technology to check and accelerate the development of its useful applications, according to Masahiro Horibe, a deputy director at AIST. ”

If all goes as planned, ABCI-Q will be available economically beginning in 2025.

In earlier April, Microsoft announced plans to invest US$ 2. Over the next two decades, Microsoft Research Asia will invest$ 9 billion to expand its cloud computing and AI system in Japan, establish a Tokyo laboratory for its employees and students, support AI startups and developers, and strengthen cybersecurity cooperation with the Chinese government.

The investment supports the Generative AI Accelerator Challenge ( GENIAC ) program led by Japan’s Ministry of Economy, Trade and Industry ( METI). GENEIAC was established to assist businesses in acquiring the technology resources needed to create foundation models for conceptual AI.

According to METI, this is necessary for economic and cultural development:

Generated AI is regarded as a technological advancement that is comparable to the Internet and various cutting-edge technology. This cutting-edge technology does have a significant impact on industrial pursuits and people’s lives because it is anticipated to help solve social issues, including labour shortages, and be used in all sectors. ”

Nvidia is assisting Japan in upping its Artificial activity. Image: Online Screengrab

A key issue that may influence the availability of this systems in Japan as well as the range of development to get created is whether or not Chinese companies have the capability to create conceptual AI. ”

Microsoft, which has been in Japan for 46 years, even intends to give$ 10 million to Keio University and the Partnership on Artificial Intelligence Research, which will fund research projects that will be conducted over the next five times.

Prime Minister Fumio Kishida is not one of the many Japanese critics who think the Chinese government is enforcing an excessive amount of power over the country’s information infrastructure.

It is crucial for the Chinese industry as a whole to collaborate with international companies like Microsoft that have a set of digital infrastructure, Kishida said.

“We love Microsoft’s notification of its new investment in Japan. Microsoft has made important contributions to the cultural deployment of relational AI in Japan through a number of initiatives, and we look forward to working together more. Additionally, we anticipate expanding our participation in the area of security. ”

Japan lacks the resources and the time to redefine Microsoft, and unlike China, it is not required to do so in terms of geopolitical terms. The same goes for Oracle, Nvidia and other leading US technology firms.

To be sure, the software dependency works both ways. Toyota makes the majority of the hybrid vehicles Americans then prefer, while Intel relies on Chinese semiconductor manufacturing equipment, US automakers use Chinese industrial robots, and Toyota makes the majority of the hybrid vehicles used by Americans today.

One of Microsoft’s biggest supporters is Takuya Hirai, a part of the Chinese Diet who formerly served as Minister for Digital Transformation and is now the chairman of the Liberal Democratic Party’s Policy Research Council’s Headquarters for the Promotion of a Digital Society.

According to Hirai, the implementation of electronic tools is necessary to address Japan’s social difficulties of an aging population and the quest of economical growth and local revitalization.

“Microsoft’s expense contributes tremendously in advancing Japan’s AI capabilities, specifically in infrastructure and skill development. I sincerely applaud this program and look forward to Microsoft’s management potential in promoting cooperation between Japan and the US, as well as across the public and private sectors, he continued.

Microsoft has supporters inside the judgement LDP. Image: X Screengrab

Oracle also disclosed plans to invest more than$ 8 billion in Japan over the course of the next ten years to expand customer support and meet anticipated growth in demand for cloud computing and AI services.

Oracle Japan’s existing data centres, most of them located near Tokyo and Osaka, will also be upgraded with fresh GPUs from Nvidia, the organization said.

Oracle and Nvidia are working together to provide AI alternatives to institutions and private sector organizations around the world.

In accordance with the Digital Sovereignty Regulations of the Act on the Protection of Personal Information, Oracle’s distributed sky, AI system, and conceptual AI service, in addition to Nvidia’s accelerated processing and conceptual AI program, will be used to store and process significant data and personal information within the nation.

Japan’s government and private sector are now on high cybersecurity alert to stop data leaks after being targeted by numerous hacking attacks in recent years, including those committed by Chinese and North Korean hackers.

This should help to expand Oracle’s distributed cloud infrastructure and services throughout Japan along with the expansion of local engineering support.

Targeted markets include government agencies, telecommunications, finance, healthcare and other data-intensive enterprises and organizations.

Oracle and Microsoft are investing in Japan with an emphasis on Amazon. In January, Amazon Web Services announced plans to spend about$ 15 billion through 2027 on new data centers to support its Japan-based cloud computing services.

Follow this writer on X: @ScottFo83517667

Malaysia’s RHB sets sights on Net Zero by 2050

By: Mary Blight

On: April 21, 2024

In: Technology

Mobilised RM23. 8b in green financial services by the end of FY2023
3-pronged approach with clear goals to interpret commitment into action

By releasing a detailed plan to achieve net-zero emissions by 2050, the RHB Banking Group ( RHB) has charted a course for a future that is environmentally friendly. RHB is strengthening its commitment to the environment by developing a new Pillar 2 called” Committed to Achieving Net Zero by 2050″ using its 5-Year Sustainability Strategy and Roadmap ( 2022-2026 ).

This wall expands on the Group’s already-discussed climate strategy by highlighting the group’s main goals for reducing emissions, promoting growth for alternative financial services and supporting businesses committed to graphite neutrality, and integrating green and low-carbon practices into its own operations.

The Group’s pledge to eliminate all carbon emissions acknowledges that the monetary market is a vital component in directing funding toward low-carbon and green activities, and it is in line with Malaysia’s goal of achieving net-zero emissions by 2050. It has developed a three-pronged approach with clear-cut goals to put this commitment into practice.

In its company, RHB aims to reduce financed pollution in five high-impact areas under Strategic Objective 1. These high-impact industries- electricity supply, palm petrol, oil & oil, house & building, and vehicles- represent roughly 60 % of the Group’s economic exposure and over 80 % of financed emissions. By 2030, RHB aims to achieve a 20 % reduction in these sectors, and up to 96 % reduction in financed emissions across these sectors by 2050.

In order to support businesses that are committed to carbon neutrality, the strategic objective 2 is to promote growth in green financial services. By 2030, it aims to have 40 % of the group’s portfolio in Green Financial Services, with a firm commitment to supporting businesses that are committed to carbon neutrality, with a clear and established transition strategy, with a target percentage that will rise to 90 % by 2050.

Strategic Objective 3 aims to integrate sustainable and low-carbon practices into RHB’s own operations. It claims to have achieved a 43 % reduction in operational GHG emissions against a 2016 baseline, encompassing Scopes 1, 2, and 3 ( Business Travel by Road and Air ). By 2030, the Group intends to use internal initiatives and carbon offsets to achieve carbon neutral operations and a 45 % reduction in operational GHG emissions.

“Demonstrating our commitment to sustainability, we have cumulatively mobilised RM23. By the end of FY2023, we would have raised$ 8 billion in sustainable financial services, exceeding our initial goal of$ 20 billion by 2026. Of this, RM11. To help us reach Net Zero by 2050, we allocated$ 3 billion to green initiatives, including renewable energy projects and energy efficiency solutions. Considering our strong achievements to date, we have increased our target to RM50 billion by 2026, ” said Mohd Rashid Mohamad, Group MD/Group CEO of RHB Banking Group.

The bank acknowledges its Net Zero pathway is a commitment to the communities it serves, the environment, and the future, ensuring progress happens for everyone.

It does, however, acknowledge that the journey to becoming Net Zero cannot be done in isolation and promises to continue to work with clients, business partners, employees, and the general public to begin its journey together.

“We shall also collaborate with governmental bodies, regulatory authorities and other parties to have a scalable impact while also being advised on the progress and development of government policies, directives, and incentives in order to fulfill our Net Zero 2050 Commitment, ” Mohd Rashid continued.

Mohd Rashid Mohamad, Group Managing Director/Group Chief Executive Officer, and Norazzah Sulaiman, Group Chief Sustainability and Communications Officer of RHB Banking Group at RHB’s inaugural Sustainability Media Day.

MYStartup accelerator picks 25 startups for Cohort 3 with US$52k funding and grants up to US$209k available

By: Mary Blight

On: April 19, 2024

In: Technology

4-month program designed to promote growth and innovation
Increasing Malaysian companies ‘ chances of becoming global leaders in the future

The chosen 25 startups with Cradle execs.

MYStartup, in partnership with NEXEA, a venture funds and company pedal company, has launched its second accelerator program where over 900 programs were received with a 60 percent, ensuring the final choice with 25 appealing tech companies chosen to be onboarded comprising four main industries: artificial intelligence, machine learning, care, and application development.

[Ed: Para updated for reliability. The number of uses received was omitted in an earlier type. ]

The top 25 startups may be subject to a four-month enrichment program, according to MYStartup, designed to promote innovation and develop significant changes in Malaysia’s startup ecosystem.

The preceding cohort saw some startups securing up to US$ 146,400 ( RM700,000 ) worth of investments within the past six months. These companies, which include Parkit, Engagelife, iJalan and EB Tech, even achieved an consolidated full assessment of 290 %, growing from US$ 2. 3 million to US$ 6. 7 million ( RM11 million to RM32 million ) over the same period.

MYStartup accelerator picks 25 startups for Cohort 3 with US$52k funding and grants up to US$209k available Norman Matthieu Vanhaecke ( pic ), Group CEO of Cradle, said, “Startups are one of the fundamental building blocks in Malaysia’s economic development. Based on the Global Startup Ecosystem Report ( GSER ) report in 2023, Malaysia’s startup ecosystem was estimated to be worth US$ 4. 6 billion. At Cradle, we recognise the important need to develop a great performing, diverse, globalised, and green startup ecosystem in the country to enable these ventures for regional and global expansion. ”

Additionally, Normanan noted that Cradle’s objectives extend far beyond economic, with intensive mentorships and extensive resources, as the primary agency promoting the creation and growth of upcoming leading Malaysian tech companies. Through these initiatives, we hope to give our startups the necessary exposure and support to expand their businesses, thereby promoting Indonesian startups as potential future foreign leaders. ”

The MYStartup Accelerator programme is designed for scalable and technology-driven startups, either in the revenue-generating stage or with a minimum viable product ( MVP ). To day, the MYStartup Accelerator has effectively empowered 58 companies, across two groups. ” The next two groups of MYStartup Accelerator, guided by our investor-mentors and Cradle’s assistance, have on ordinary doubled their progress year-on-year. 25 of the 940 applications accepted this year will compete to become the best finalists and receive first funding of RM250,000 with offers up to RM1 million. Along with Cradle, we look forward to creating a bigger effect, accelerating their development and, finally, cultivating an equitable and sustainable business ecosystem in the country, ” said Ben Lim, founder and CEO of Nexea.

Eeyong Ho, chairman of Otter Barista, one of the 25 selected companies said,” Otter Barista aims to bring value espresso closer to you, making your experience more smooth and easy. With our superior robotics, consumers you easily connect with the system to place orders, and the machine handles the end-to-end process of newly brewing beverages, all at a lower cost. We are looking forward to taking part in this throttle program, particularly the one-on-one training sessions with our leader mentors and investors. Through the tutoring and designated seminars, we aim to better reinforce our company’s ideals and business unit, accelerating our progress across Malaysia. “

The 25 companies that were chosen for the MYStartup Accelerator Programme Cohort 3 are:

Otter Barista, an automated mechanical coffee brewing encounter with high-quality and new recipes.
Ollie & Hana, the largest dog grooming and hotel board professional.
ALT Synergy, a proper application of biology to increase product performance.
WeAssist, mobile applications developer focusing on connecting people to healthcare services.
Messengerco, a one-stop platform for corporate gifting.
EasyRenz, an automated & smart tenant management solution.
a mother who specializes in maternity and baby products with a focus on breastfeeding support.
Resitku is a taxation solution as well as an application for expense receipts and income records.
Dreamory, an all-in-one business event platform.
Heycast. me, a casting platform for entertainment industry.
Property Lab, AI-driven platform for precise property investment insights.
DeepLogi, a smart shipping gateway for small and medium-sized business.
A safety application called Siriren Networks connects users on a platform with emergency and care service providers.
Axtraction AI, B2B document AI Software as a Service ( SaaS ).
Quasa. ai, provides regulatory and compliance tech solutions to businesses.
Infinitlab, a modular SaaS ERP solution empowered by an AI-ready framework for seamless and efficient business management.
Choladeck, A web app that creates customized, brand-aligned presentations and offers insights on audience engagement.

Technology (Page 5)