Innovation & Technology Outputs

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TFP Solutions to provide fintech services to 12,000 Muslim restaurants
By Azanis Shahila Aman April 20, 2021 @ 8:38pm

KUALA LUMPUR: TFP Solutions Bhd, through 80 per cent-owned OneCENT Sdn Bhd, has signed a memorandum of agreement (MOA) with Persatuan Pengusaha Restoran Muslim Malaysia (Presma) to provide fintech services.

TFP Solutions group executive director Datuk Indera Puteri Munawarah Syammiyah Munir said OneCent would provide a complete digital customer loyalty ecosystem to a total of 4,500 members and 12,000 restaurants under Presma.

https://www.nst.com.my/business/2021...im-restaurants

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Embraer considers industrial collaboration in Malaysia
By Ayisy Yusof April 12, 2021 @ 1:21pm

KUALA LUMPUR: Embraer S.A is considering establishing its presence in Malaysia via industrial collaboration to tap on the local aerospace capabilities.

Head of commercial aviation for Asia Pacific Raul Villaron said the Brazilian aerospace conglomerate had recognised Malaysia as an important aerospace hub in Asia Pacific region with industrial capability in the aerospace sector.

https://www.nst.com.my/business/2021...ation-malaysia

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Aimflex inks MoU to develop technology in O&G sector
By NST Business April 8, 2021 @ 10:26pm

KUALA LUMPUR: Aimflex Bhd, formerly known as i-Stone Group Bhd, through its wholly-owned subsidiary, Aimflex System Sdn Bhd (ASSB), today signed a memorandum of understanding (MoU) with G2 Energy Technology Sdn Bhd (GESB) to jointly develop and transfer of technology in the oil and gas (O&G), energy and related industries.

GESB provides factory and process automation solutions as well as new technology system integrators to O&G clients in Malaysia that includes Petroliam Nasional Bhd (Petronas), Shell, Enquest Plc, Repsol S.A and Exxon Mobil.

https://www.nst.com.my/business/2021...logy-og-sector

[nazrey]

Originally Posted by nazrey

AirAsia extends financial services via airasia money
By Ayisy Yusof - April 23, 2021 @ 12:00pm



AirAsia Group Bhd has partnered RinggitPlus to expand its financial services via airasia money, tapping on its existing 65 million customers to drive financial inclusion in Asean.
https://www.nst.com.my/business/2021...-airasia-money

IKHLAS mobile app for Muslim community
By NST Business May 7, 2021 @ 5:06pm

KUALA LUMPUR: airasia Digital has made IKHLAS mobile app even more convenient and accessible for the Muslim community in Malaysia and the region.

IKHLAS is one of the offerings under the super app managed by airasia.com

AirAsia said the brand new app offers greater convenience with features like prayer time info and notifications, Qibla compass, Shop with IKHLAS e-commerce platform, payments for Sadaqah, Fidyah, Zakat, Aqiqah and Qurban.

Users will also be able to get the latest updates from participating mosques and non-governmental organisations as part of a community feature, with other engagement activity options coming soon called "Sahabat IKHLAS".

https://www.nst.com.my/business/2021...slim-community

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MTDC inks agreement with Japanese group to participate in VC fund
Bernama May 19, 2021 23:50 pm +08

KUALA LUMPUR (May 19): Malaysian Technology Development Corporation (MTDC) has inked an agreement to participate in the Real Tech Fund Investment Partnership Global 1, a venture capital fund set up mainly for investing in ASEAN region's unlisted companies with advanced deep-tech technologies.

The Khazanah Nasional subsidiary said it signed the agreement with Real Tech Holdings Co Ltd of Japan to formalise its participation in the fund, which aims to provide support to the investee companies in various aspects especially for expansion into the Japanese market.

Ten large Japanese corporations are participating in the fund which has a size of about US$31 million and MTDC is the only non-Japanese participant.

https://www.theedgemarkets.com/artic...cipate-vc-fund

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Endeavor Malaysia aims to help scale high potential startups
By Fionaa Kessler May 25, 2021 @ 5:23pm



Entrepreneurs will have the opportunity to present their products and services to Endeavor Malaysia's network of associated companies. - Endeavor Malaysia

ENDEAVOR is looking for entrepreneurs to join the second version of their ScaleUp Endeavor Program, which was launched less than a year ago.

Selected participants will take part in a non-dilutive, organised six plus eight month programme that will help entrepreneurs navigate the complexities of scaling a company.

This programme aims to accelerate the growth of high potential but late-stage startups.

https://www.nst.com.my/business/2021...ntial-startups

[nazrey]

Originally Posted by nazrey

TNG launches GO+
By Farah Adilla March 29, 2021 @ 11:10am
https://www.nst.com.my/business/2021...ng-launches-go

Touch 'n Go's GO+ surpasses one million mark
By NST Business June 7, 2021 @ 4:48pm

KUALA LUMPUR: Touch 'n Go Group has surpassed the one million mark for its financially inclusive investment product GO+ in just over two months.

Group chief executive officer Effendy Shahrul Hamid said it would build on the success and add more varied products in the category.

"We will also be making improvements to GO+ on the back of some very encouraging customer driven feedback and data on user experience," he said in a statement today.

Effendy said many of the group's users found the fungibility function between the GO+ balance and Touch 'n Go eWallet use cases attractive, and that drove sign-ups

https://www.nst.com.my/business/2021...e-million-mark

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Govt to migrate 80% of data to cloud by end-2022
Tuesday, April 20th, 2021 by RAHIMI YUNUS / pic by RAZAK GHAZALI

THE government will migrate 80% of its data to cloud by the end of 2022 and is developing a super app to mine it.

Prime Minister Tan Sri Muhyiddin Yassin (picture; right) said the data migration and a government super app will enable the government to pull insights to identify societal issues and coordinate support for the needy.

“By understanding pattern behaviours and correlations, we hope to use it for predictive analytics.

“Addressing these issues will help improve public sector services delivery and empower the people,” Muhyiddin said at the launch of Microsoft Corp’s “Bersama Malaysia” (Together with Malaysia) initiative in Putrajaya yesterday.

He said although big data is an economic growth driver, the ultimate question is how to harness technology to enhance social welfare and reduce inequalities while cushioning disruptive transitions.

Microsoft announced US$1 billion (RM4 billion) digital initiatives with Malaysia which will see investments over the next five years, including the setting up of the first data centre region in the country.

https://themalaysianreserve.com/2021...d-by-end-2022/

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Petronas, Singapore's Sea among firms eyeing digital banking licence in Malaysia
Yantoultra Ngui, Chanyaporn Chanjaroen & Yoolim Lee Bloomberg June 17, 2021 12:58 pm +08

KUALA LUMPUR/SINGAPORE (June 17): Sea Ltd and national oil company Petroliam Nasional Bhd (Petronas) are among companies planning to bid for a digital banking licence in Malaysia, according to people familiar with the matter, as the country prepares to open up its financial industry.

Local conglomerates Genting Bhd and YTL Corp Bhd and the Sarawak government are also considering a bid, the people said, asking not to be identified because the information is private. Some of the firms, such as Sea and YTL Corp, have joined forces and plan to bid as a consortium, they said. They join ride-hailing and payment firm Grab Holdings Inc, Sunway Bhd and others, which have also expressed interest.

Malaysia’s plan to issue as many as five digital banking licences has unleashed a flurry of activities among tech firms, banks and others seeking to gain a foothold in financial services. Final bids are due by June 30, and Bank Negara Malaysia (BNM) is expected to decide on the winners by the end of 2022.

https://www.theedgemarkets.com/artic...ia-—-sources

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Luno Malaysia garners over 300,000 crypto users, more than RM1bil digital assets
By Ayisy Yusof June 15, 2021 @ 1:54pm

KUALA LUMPUR: Luno Malaysia is seeing a huge appetite in cryptocurrency as a mean of digital asset investment this year.

This was backed by over 300,000 users with more than RM1 billion worth of digital asset under its custody, its country manager Aaron Tang said.

Tang said the regulated digital asset exchange had seen huge demand for the digital asset industry in Malaysia.

"We are still seeing thousands of customers signing up per day. We are bullish on the digital asset industry and Bitcoin crypto to stay," he said at a virtual press conference today.

https://www.nst.com.my/business/2021...digital-assets

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myTukar parent Carro hits unicorn valuation, raising US$360mil in fresh funds
By Farah Adilla June 15, 2021 @ 10:18am

KUALA LUMPUR: Carro, one of the largest automotive marketplaces in Southeast Asia and parent of myTukar Sdn Bhd, has hit unicorn valuation after raising a US$360 million Series C led by SoftBank Vision Fund 2.

Carro is the first automotive marketplace to be able to achieve unicorn valuation in the region.

In a statement today, the company said notable investors in this new round of financing included several prominent Indonesia-based funds including EV Growth, Provident Growth and Indies Capital.

https://www.nst.com.my/business/2021...il-fresh-funds

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Novelplus Technology aims to expand e-book content for SEA market
By NST Business July 1, 2021 @ 10:17am

KUALA LUMPUR: Online social reading and writing platform developer Novelplus Technology Bhd plans to expand the content of its library to include e-books published in both Bahasa Melayu and Bahasa Indonesia, well as other languages from Southeast Asia.

Currently, Novelplus has an e-book library comprising over 37,000 published novels in Bahasa Melayu and Bahasa Indonesia with an ecosystem comprising over 2.1 million users, of which about 10,000 are registered as writers and the rest are readers.

https://www.nst.com.my/business/2021...ent-sea-market

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MPOB launches four new technologies
By Azanis Shahila Aman July 1, 2021 @ 4:00pm

KUALA LUMPUR: The Malaysian Palm Oil Board (MPOB) has launched four new technologies at the virtual Transfer of Technology Seminar and Exhibition (TOT) 2021.

The new technologies include oil palm disease control, production of biomass products for palm oil mill effluent (POME) treatment and machinery for the transportation of fresh fruit bunches (FFB) in the plantations.

https://www.nst.com.my/business/2021...w-technologies

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Malaysia appoints Sweden's Ericsson to build 5G network at lower cost of RM11bil
By NST Business July 2, 2021 @ 8:13am

KUALA LUMPUR: Digital Nasional Bhd (DNB) has appointed Sweden's Ericsson unit Ericsson (Malaysia) Sdn Bhd to design and build the national 5G network at a total cost of RM11 billion.

This ended a rigorous tender exercise initiated in March that reportedly attracted eight bids from Nokia, Huawei, ZTE, Samsung, NEC, Cisco and Fiberhome, besides Ericsson.

https://www.nst.com.my/business/2021...r-cost-rm11bil

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NASTY Worldwide aims to be Malaysia's first 'unicorn' company
By NST Business July 8, 2021 @ 9:48pm

KUALA LUMPUR: NSTY Worldwide Sdn Bhd, the country's leading manufacturer of vape products, plan to be Malaysia's first 'unicorn company' within the next couple of years.

Founder Sharifuddin Bujang said the company is extremely optimistic about the industry's future, not just in Malaysia but globally.

"Domestically, our vape market has always been one of the strongest in the world, and Malaysian brands led by NASTY have been trendsetters across the globe.

"With the full support of the government, we could really turn Malaysia into a major player in the global electronic nicotine delivery systems (ENDS) landscape.

https://www.nst.com.my/business/2021...nicorn-company

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Genting's biotechnology arm Celularity inks deal with Arthrex for exclusive supply and distribution of orthopaedic surgery, sports medicine products
Tan Siew Mung July 02, 2021 10:57 am +08

KUALA LUMPUR (July 2): Genting Bhd’s biotechnology arm Celularity Inc and Arthrex Inc, a global leader in minimally invasive orthopaedic technology, today announced that the companies had entered into an exclusive partnership to distribute and commercialise Celularity’s biomaterial products for orthopaedic surgery and sports medicine.

Celularity said in a statement that under the terms of the agreement, Celularity will provide Arthrex with exclusive commercial distribution rights for orthopaedic surgery and sports medicine, and will continue to be responsible for product manufacturing and supply.

“We are tremendously excited to have Arthrex, a global leader in minimally invasive orthopaedics, as a commercial partner to distribute our placentally-derived biomaterial products,” said Robert J Hariri, the founder, chairperson and chief executive officer (CEO) of Celularity.

https://www.theedgemarkets.com/artic...d-distribution

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BNM receives 29 applications for digital banking licences
Bernama July 02, 2021 18:58 pm +08

KUALA LUMPUR (July 2): Bank Negara Malaysia (BNM) has received a total of 29 applications for digital bank licences under the Financial Services Act 2013 and the Islamic Financial Services Act 2013, following the six-month application period that ended on June 30, 2021.

In a statement today, the central bank said it may be issuing up to five licences, and successful applicants will be notified in the first quarter of 2022.

“A diverse range of parties have submitted applications for the digital bank licence, ranging from banks, industry conglomerates, technology firms, e-commerce operators, FinTech players, cooperatives and state governments,” it said.

https://www.theedgemarkets.com/artic...nking-licences

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Govt to launch internet mapping app soon to help users choose the right telco
Bernama August 12, 2021 16:14 pm +08

PUTRAJAYA (Aug 12): The government will launch an Internet Mapping application soon as a guide for users to choose telecommunication companies (telcos) which they think will provide the best internet services.

Communications and Multimedia Minister Datuk Saifuddin Abdullah said the application will facilitate users in getting Internet services of the best quality from the various telcos available in the country.

He said the development of the application was the result of periodical meetings held between the ministry and the telcos to discuss the national digital infrastructure plan, Jalinan Digital Negara (JENDELA).

“Therefore, we will be launching the Internet Mapping application that will enable users to identify which telco provides the best Internet access,” he told a press conference after attending the virtual Go-to-the-Ground with CyberSecurity Malaysia (CSM) programme here.

The programme was attended by eight department heads under CSM who presented their reports on the Cyber Security Empowerment Programme (SiberKASA) since it was launched on March 23.

https://www.theedgemarkets.com/artic...se-right-telco

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Angkasa-X, Silkwave set to make Penang ASEAN's regional space technology ecosystem hub
By NST Business - August 11, 2021 @ 5:05pm

KUALA LUMPUR: The Angkasa-X Group of Companies (Angkasa-X) has announced plans to turn Penang into a regional space technology ecosystem hub, fostering local innovation and technology transfer while creating jobs and opportunities across Malaysia.

Its executive chairman and chief executive officer Dr Sean Seah said Angkasa-X, in partnership with Silkwave Holdings Ltd (Silkwave) that currently operates two GEO-satellite platforms, is set to establish a space technology ecosystem in Penang.

The plan is also to nurture the state into a supply chain and distribution hub for global satellite technologies for the ASEAN markets.

Sean said the Penang space technology ecosystem would include key satellite industries and academic institutions, focusing on research and development and intellectual property creation of next-generation satellite technologies and applications tailored to ASEAN.

https://www.nst.com.my/business/2021...ace-technology

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MY E.G. Services introduces DeFi, leveraging on blockchain technology
By NST Business - August 6, 2021 @ 5:46pm

KUALA LUMPUR: MY E.G. Services Bhd (MYEG) has introduced decentralised finance (DeFi) by leveraging blockchain technology to bring accessible, affordable and efficient cryptocurrency services.

MYEG will offer its DeFi products to users of digital asset exchanges (DAX), licensed as recognised market operators in Malaysia and abroad.

DAX operate platforms for the trading of various cryptocurrency assets, including Bitcoin and Ethereum.

"This pioneering service by MYEG will enable holders of cryptocurrencies to enter into smart contracts to borrow cryptocurrency or lending against their cryptocurrency assets," it said.

https://www.nst.com.my/business/2021...ain-technology