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  #41  
Old Posted May 19, 2022, 12:36 AM
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Amazon web services expected to make major investment in Malaysia to develop data centres — Azmin Ali
Niam Seet Wei/Bernama May 18, 2022 19:12 pm +08
On his meeting with Ammex Corporation on Tuesday , Azmin said the company is prepared to expand its glove imports from Malaysia. 60% of the company's glove imports are sourced from Malaysia.



Senior Minister and Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali (seventh, right) seen having a meeting with Amazon early Tuesday (May 17, 2022). (Bernama pix)
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SEATTLE: Amazon Web Services Inc (AWS) is committed to realise Malaysia's potential as a data hub in Southeast Asia, and is expected to make a major investment this year to develop data centres in the country.

Senior Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali said the government has given approval to AWS to invest in the country, however, AWS has informed that it still has some things to iron out with the Malaysian Investment Development Authority (MIDA), the Ministry of International Trade and Industry (MITI) and the Ministry of Finance (MOF).

“As this involves high quality new technology, the government is prepared to study the requests made by AWS in order to encourage quality investments into Malaysia. We are discussing several new incentives which are more innovative and attractive to AWS so that it will build more data centres in Malaysia,” the minister told Bernama and TV3 after meeting representatives of AWS here on Tuesday (May 17).

AWS is a pioneering giant in the provision of cloud computing services.

He added that the discussion on Tuesday has resulted in a better understanding of the incentives that AWS requested, which are being considered by MITI and MOF.

"We are confident that the negotiation process will be finalised soon because for Malaysia, this investment is very important to accelerate the digital technology transformation process in Malaysia," Azmin said.

Prior to the meeting with AWS, Azmin also met with representatives of Microsoft Corporation, where the company said it is committed to train local talent via the "Bersama Malaysia Microsoft" initiative that was launched in April 2021.

“I have been informed that almost 500,000 local workers have been trained since the beginning of this year, and I am confident the target to train over one million local workers would happen by 2023,” he added.

Azmin said Microsoft and AWS are also prepared to provide input to the government in its efforts to enhance the country's competitiveness in the digital economy.

“The presence of these companies surely will accelerate the transformation and adaptation of digital technology which will help to generate sustainable growth in the country.

"Such investments are in line with the aspirations of the MyDigital policy, which aims to provide Malaysians access to digital technology, especially industries, including the small and medium enterprises (SMEs),” the minister added.

On his meeting with Ammex Corporation on Tuesday , Azmin said the company is prepared to expand its glove imports from Malaysia.

60% of the company's glove imports are sourced from Malaysia.

"We have identifed seveal local glove makers to meet the company's demand.

"This will help to enliven manufacturing activities in our country, especially among SMEs, with regard to meeting international standards and enhancing their productivity for the US market,” he added.
https://www.theedgemarkets.com/artic...-—-azmin-ali
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  #42  
Old Posted May 20, 2022, 11:41 AM
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[B]Azmin Ali says met Microsoft, discussion focused on Malaysian ESG agenda[/B
By ZARRAH MORDEN Wednesday, 18 May 2022 1:28 PM MYT



Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali today highlighted the initiative’s US$1 billion investment to establish Microsoft’s first datacentre region in the country. ― Picture via Facebook/Azmin Ali
https://www.malaymail.com/news/malay...agenda/2059560
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  #43  
Old Posted May 20, 2022, 11:42 AM
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Musk's Starlink plans to provide internet service via satellite in Malaysia
Niam Seet Wei/Bernama May 20, 2022 13:25 pm +08
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LOS ANGELES (May 20): Starlink, a high-speed, low-latency broadband internet provider operated by Elon Musk's aerospace company SpaceX, plans to expand its footprint in Malaysia to enable the country to increase its internet penetration rate, especially in the rural areas.

Senior Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali said, however, several matters were still being considered by the government on Starlink's (policy-related) proposals to introduce internet service using satellites.

"So far, the government has scrutinised some of the proposals submitted by Starlink.

"Starlink representatives will be in Malaysia next week to scrutinise these proposals, and we hope this can be finalised in the near future as they are ready to come to Malaysia, bringing these new technologies that would benefit the country's economy," he said.

Azmin was speaking to Bernama and TV3 journalists after meeting with representatives of SpaceX and Starlink at the SpaceX headquarters here on Wednesday (Thursday in Malaysia).

"Their (SpaceX and Starlink) intention is to see this supply chain expanded among local companies, because with this new investment, they definitely need the support of a wider supply chain.

"And this will provide an opportunity for Malaysian companies to get involved in space technology in the near future," he said.

Starlink's presence is important for Malaysia in facilitating its digital transformation agenda, he said, adding that, "I believe that with Starlink's presence in Malaysia, it will be able to further strengthen Malaysia's economic position in Southeast Asia and globally", he said.

Meanwhile, Malaysian Investment Development Authority chief executive officer Datuk Arham Abdul Rahman disclosed that the negotiation process with SpaceX and Starlink was currently at middle stages.

"The companies see the potential in Malaysia, and the government is currently facilitating the process to realise their proposed project in the country," he told Bernama.

Besides meeting with SpaceX dan Starlink, Azmin also had a meeting with Cue Health Inc, a healthcare technology company that develops portable diagnostic tests for at-home use.

Azmin said the company had introduced a medical device specifically to perform a range of tests, including that of Covid-19 using pioneerng technology.

"They have identified several suitable sites for this investment, and they will be in Malaysia in June to finalise a suitable place for the investment in Malaysia," he said.
https://www.theedgemarkets.com/artic...llite-malaysia
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  #44  
Old Posted May 20, 2022, 11:43 AM
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Azmin Ali: US companies show confidence in Malaysia as investment destination of choice
Niam Seet Wei/BernamaMay 20, 2022 11:49 am +08
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LOS ANGELES (May 20): Companies in the United States are confident that Malaysia is still an investment destination of choice, Senior Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali said.

"They see Malaysia's potential to continue to thrive in the digital economy, and are ready to help Malaysia strengthen its competitive position at the international level," he said.

Azmin was speaking to Bernama and TV3 journalists on Wednesday (Thursday in Malaysia) here after concluding a 10-day Trade and Investment Mission (TIM) to the US since May 9.

"The TIM to the US was very successful, we were not only able to hold discussions and highlight the Malaysian government policies to the US administration, but also to hold negotiations and discussions with major US-based companies," he said.

"Malaysia could see the US commitment of not only to bring investments to our country, but also, as a result of the discussions, to build a wider and stronger supply chain among Malaysian small and medium enterprises (SMEs).

“They are also ready to build an ecosystem, and transfer technology and expertise to Malaysian companies.

"This will definitely provide ample space and opportunity for Malaysia to penetrate the global market and increase its competitiveness at the international level," he said.

During the TIM, Azmin met with US Secretary of Commerce Gina M Raimondo and US Trade Representative Ambassador Katherine Tai in Washington DC.

A Memorandum of Cooperation to ensure the resilience of the supply chain was signed between Azmin and Raimondo on May 10.

Azmin said Malaysia was expected to attract new investments worth RM14.62 billion from the US through the TIM.

Azmin took a tour of several American multinational corporations, including Starlink, a high-speed, low-latency broadband internet provider operated by Elon Musk's aerospace company SpaceX, Amazon Web Services Inc, and Microsoft Corporation.
https://www.theedgemarkets.com/artic...ination-choice
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  #45  
Old Posted Jun 2, 2022, 6:56 AM
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Malaysia, Microsoft announce MyDIGITAL GovTech Innovation partnership
Bernama June 01, 2022 21:27 pm +08
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KUALA LUMPUR (June 1): The Malaysian Government and Microsoft on Wednesday (June 1) announced the MyDIGITAL GovTech Innovation partnership, in a commitment to innovation, digital skills, and building economic resilience for Malaysia.

This announcement followed the Letter of Intent (LOI) signed between Microsoft and MyDIGITAL Corporation during Prime Minister Datuk Seri Ismail Sabri Yaakob’s visit to the United States in May 2022.

In a statement on Wednesday, Microsoft said the LOI identified areas of collaboration including developing cybersecurity capabilities, driving the adoption of digital technologies by the public sector, and nurturing skilled talent to grow the digital economy.

Building on continued efforts to bolster Malaysia’s economic resilience, Microsoft and key Government agencies, such as MyDIGITAL Corporation and the Malaysian Administrative Modernisation and Management Planning Unit (MAMPU), will equip civil servants with digital skills and training to support the nation’s aspiration for inclusive, responsible, and sustainable development.

Minister in Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed who announced the initiative on behalf of the Government said the role of Malaysia’s civil service is key to building the nation’s economic resilience in these challenging times.

“Our long-standing partnership with Microsoft enables the civil service to be more innovative, data-driven and people-centric in finding solutions as well as formulating effective policies. An initiative such as this is an important step for Malaysia to equip ourselves with the relevant tools and capabilities to develop a digital-first economy.

“We welcome Microsoft’s continued contribution as a knowledge and technology partner to Malaysia, including their commitment to train 300,000 people by 2024 with the Human Resource Development Corporation,” he said.

Mustapa shared that the initiative announced today represents the next milestone of the Malaysian Government’s partnership with Microsoft, progressing towards achieving the targets outlined in the 12th Malaysia Plan and Malaysia Digital Economy Blueprint.

The targets included 80% adoption of cloud storage across the Government in 2022, 100% digital literacy among civil servants, as well as 80% end-to-end online Government services by 2025, he said.

Microsoft noted that Wednesday’s announcement was also in addition to the Cloud Framework Agreement signed between the company and MAMPU to create a trusted cloud network and empower Malaysia’s public sector in its digital transformation journey.

Microsoft executive vice president and president, national transformation partnerships, Jean-Philippe Courtois, said the company’s mission is to empower every person and every organisation on the planet to achieve more.

“Everyone must benefit. Without a doubt, this is reflected in our commitment to Malaysia. This year marks Microsoft’s 30 years in Malaysia, and we are happy to commemorate the occasion with our partners from the Government of Malaysia.

“Microsoft will remain steadfast in our partnership to enable Malaysia leverage our expertise and capabilities in technology to power inclusive economic growth and resilience in the digital era,” he added.
https://www.theedgemarkets.com/artic...on-partnership
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  #46  
Old Posted Jun 4, 2022, 7:45 AM
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US cybersecurity firm Fortinet expands presence in Malaysia
Bernama June 03, 2022 00:05 am +08



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KUALA LUMPUR (June 2): Fortinet, a global leader in broad, integrated, and automated cybersecurity solutions, is increasing its investment and expanding its presence in Malaysia.

It said it is strengthening its commitment to key verticals with capacity and capabilities to better serve the public sector, telecommunications, financial services, as well as enterprise and commercial markets.

The company is moving to a new two-storey office in Kuala Lumpur that will house a state-of-the-art Fortinet Customer Briefing Centre (CBC), it said in a statement on Thursday (June 2).

Speaking at the office opening ceremony at Equatorial Plaza, Fortinet Malaysia country manager Dickson Woo said the pace of digital transformation for organisations in the country and the region demands proportional or even greater developments in security and cyber threats were always evolving in sophistication and frequency.

“In addition to a focus on innovation, Fortinet believes that only by growing and reskilling our talent pool can we go beyond meeting the expectations of our customers, and also enable the support of new customers from critical industries leveraging technology to grow,” he said.

He noted that Fortinet Malaysia would continue to invest in talent recruitment across all core functions including sales and marketing, info-security analysts, application security engineers, and compliance managers to support the growing systems engineering, technical assistance teams, as well as their patented FortiGuard Labs in Malaysia.

On the CBC, he said it will showcase latest suite of Fortinet solutions and technology, while immersing customers in the next-generation cyber security applications, including service, pre-sales and application support.

Besides that, he said, Fortinet will build dedicated training spaces in the new office for upskilling and reskilling workers and potential cybersecurity professionals to address the cyber talent shortage in the country.

“The company has also committed resources to local educational institutions such as Multimedia University to build Malaysia’s pool of cyber talent, providing training and certifications, career growth resources and hiring opportunities to make a career in cybersecurity attainable for all,” he added.
https://www.theedgemarkets.com/artic...sence-malaysia
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  #47  
Old Posted Jun 4, 2022, 7:47 AM
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UPDATE:
US medical device company Insulet starts groundbreaking and construction of its new plant in Malaysia, USD 200 million investment expected in the next 5 years
@ Johor


https://www.businesswire.com/news/ho...ty-in-Malaysia

https://www.theedgemarkets.com/artic...-asia-continue
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  #48  
Old Posted Jun 16, 2022, 12:53 PM
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Hong Seng Consolidated inks MoU with US-based EcoCell Inc to develop regional EV manufacturing hub
By Asila Jalil - June 10, 2022 @ 5:25pm
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KUALA LUMPUR: Hong Seng Consolidated Bhd (HSC) has inked a memorandum of understanding (MoU) with US-based EcoCell Inc to develop a regional manufacturing hub in Malaysia for electric vehicle (EV) batteries and energy storage solutions (ESS).

According to the MoU signed today, the parties have identified Malaysia as a suitable location to scale up the EV battery and ESS sectors to serve the Southeast Asian region.

Under the MoU, HSC's main duties will include identifying and proposing suitable locations for the project's site, proposing suitable consultants to undertake the necessary studies, and liaising with the government to obtain incentives and necessary authorisations.

EoCell is expected to provide licenses of battery and manufacturing technology for EV batteries, relevant industry and technology knowledge concerning the implementation of the project, and expertise in battery production line design and installation.

HSC group managing director Datuk Seri Teoh Hai Hin said that as the world enters the electrification revolution era, the MoU provides a timely opportunity to venture into the EV battery and ESS sector.

"The global energy storage market has a very bright outlook, with a valuation of US$10.37 billion in 2020 and forecasted to reach US$37.06 billion by 2027.

"This translates into a compound annual growth rate (CAGR) of 19.9 per cent between 2022 and 2027, and the battery segment is expected to account for the largest share of the energy storage market," he said in a statement.

EcoCell chief executive officer Datuk Michael Loh said HSC is poised to become one of the region's leading battery producers, focusing on sustainable production facilities powered by clean green energy.

"The Southeast Asian electrification movement is underway, and HSC has a great strategy to fulfill this upcoming demand.

"We are excited to enter the Southeast Asian market and participate in HSC's and Malaysia's clean energy initiatives," he said.

Based in Silicon Valley, California, EcoCell is a research and technology company that specialises in the design and development of high-energy nano-silicon anode materials and non-flammable electron technologies for advanced silicon and solid-state batteries.
https://www.nst.com.my/business/2022...op-regional-ev
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  #49  
Old Posted Jul 13, 2022, 12:34 AM
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Marriott International on Thursday signed an agreement with Hap Seng Consolidated Bhd to bring the first Marriott Executive Apartments to Kuala Lumpur.


https://www.theedgemarkets.com/artic...-apartments-kl
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  #50  
Old Posted Jul 13, 2022, 12:36 AM
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Waldorf Astoria Hotels & Resorts Set to Debut in Malaysia
Scheduled to open in 2024, Hilton brings its premier luxury brand to the heart of Kuala Lumpur’s famed Bukit Bintang hub


https://stories.hilton.com/apac/rele...sia-debut-2024
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  #51  
Old Posted Jul 19, 2022, 12:27 PM
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Domino's Ssamjaeng Pizza returns after two-year hiatus
By Azanis Shahila Aman - July 16, 2022 @ 2:58pm



With Domino’s celebrating its 25th anniversary and in line with the brand's ethos "It's All About You", the much loved and anticipated Ssamjeang Pizza has finally made a comeback after a two-year hiatus.
https://www.nst.com.my/business/2022...wo-year-hiatus
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  #52  
Old Posted Jul 19, 2022, 2:45 PM
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Metering infrastructure provider Trilliant starts manufacturing in Malaysia
Surin Murugiah July 18, 2022 08:25 am +08


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KUALA LUMPUR (July 18): US-headquartered Trilliant, a provider of solutions for advanced metering infrastructure (AMI), smart grid, smart cities and IoT, is starting its manufacturing in Malaysia.

In a statement on Businesswire on Sunday (July 17), Trilliant said it has reached a major smart meter deployment milestone in Asia Pacific, with more than 3.5 million smart meters currently deployed and operational, with millions more planned.

Trilliant chairman and CEO Andrew C. White said manufacturing efforts were now underway in Malaysia.

“The plant will be an important hub for the Asia Pacific region and improve time of delivery to our valued customers.

“Our production process will be led by dedicated, experienced engineers that adhere to the highest levels of quality control and compliance.

“Trilliant is proud these products will say ‘Made in Malaysia,’ and we look forward to supporting the creation of additional high-tech jobs and enhancing local expertise,” he said.

White said the manufacturing team will be focused on the Trilliant Communications Module (TCM) and the Trilliant Street Light Controller.

He said not only will local production reduce delivery cycles, but it will also result in CO2e reductions in manufacturing and shipping processes as Trilliant delivers products to local customers among others across the region.

White said approximately 119 tons of CO2e will be reduced over the course of the next three years in Malaysia alone.
https://www.theedgemarkets.com/artic...uring-malaysia
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  #53  
Old Posted Jul 23, 2022, 11:13 PM
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  #54  
Old Posted Jul 23, 2022, 11:19 PM
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  #55  
Old Posted Jul 23, 2022, 11:35 PM
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Originally Posted by nazrey View Post
Nasdaq-listed TTM Technologies to set up US$130 million plant in Penang
Surin Murugiah April 25, 2022 13:02 pm +08
This state-of-the-art, highly automated plant will be built upon approximately 27 acres of industrial land at Penang Science Park. Construction is expected to take 12 to 15 months followed by equipment installations in mid-2023.


https://www.theedgemarkets.com/artic...n-plant-penang
https://investpenang.gov.my/ttm-tech...nang-malaysia/
@ Penang




https://www.blt-archi.com/index.php/...m-technologies
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  #56  
Old Posted Jul 24, 2022, 11:17 AM
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Ferrotec Holdings sets up new manufacturing facility at Kulim Hi-Tech Park
By NST Business - May 18, 2022 @ 2:37pm

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KUALA LUMPUR: Ferrotec Holdings Corporation will be constructing a new manufacturing facility at Kulim Hi-Tech Park, Kedah, with a total investment exceeding RM500 million.

Ferrotec is a global supplier of materials, components, and precision system solutions.

According to a joint statement with the Malaysian Investment Development Authority (MIDA), the plant, which will be undertaking electromechanical assembly and advanced material fabrication for semiconductor equipment, is designed to meet customer needs while expanding the company's business globally.

The plant is expected to kickstart its operation in 2023.

The facility will cover an area of more than 80,000 sq ft, and the project is anticipated to create approximately 250 high-value jobs for Malaysians.

As a Tier 1 company supplying multinational corporations (MNCs) in the semiconductor industry, the company has committed to providing training to Malaysian employees at the factories in Japan and the United States (US).

Senior Minister and Minister of International Trade and Industry (MITI) Datuk Seri Mohamed Azmin Ali said Ferrotec's decision to choose Malaysia for its high-tech manufacturing facility speaks volumes of the country's talent readiness strength, manufacturing capability and business ecosystems.

"Indeed, Ferrotec's presence in Malaysia will turbocharge our local talent development and strengthen our value proposition in the global supply chain," he said.

He added that Ferrotec's investment would open up greater possibilities for other global companies in the industry to follow suit and invest in Malaysia.

"This major investment is poised to realise Malaysia's long-term aspiration of becoming a global manufacturing hub," he added.

MIDA said that in 2021, the machinery and equipment (M&E) industry received 48 approved projects worth RM1.67 billion in investment from both foreign and domestic sources.

These projects are expected to generate 2,500 employment opportunities, with about 56 per cent of employees in managerial, technical and engineering-related skills.

The specialised M&E for specific industries sub-sector is the largest investment contributor for 2021, with 16 projects totalling RM592 million approved.

MIDA chief executive officer Datuk Arham Abdul Rahman said it is encouraging to know that Ferrotec, the key supplier to a leading global front-end wafer fabrication equipment manufacturer, has decided to establish a plant in Kulim, Kedah.

"With Malaysia's attractive talent pool, positive investment environment, and diversified supply chain, among others, I am optimistic that Ferrotec will benefit from the spillovers the nation has created and have more to offer to its global customers," he said.
https://www.nst.com.my/business/2022...m-hi-tech-park


https://www.blt-archi.com/index.php/...trial/ferrotec
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  #57  
Old Posted Aug 13, 2022, 4:25 PM
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Apple jumps onto Malaysia’s mobile payment bandwagon
Justin Lim August 09, 2022 18:43 pm +08
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KUALA LUMPUR (Aug 9): Apple has partnered with Ambank, Maybank and Standard Chartered Malaysia to offer its mobile payment services to Malaysian customers.

“Customers with Visa and Mastercard cards from banks including AmBank, Maybank and Standard Chartered Bank can now use Apple Pay, with American Express cards to be available with Apple Pay later this year,” the consumer electronic company announced on its website on Tuesday (Aug 9).

"Merchants such as KFC, Maxis, Machines, McDonald’s, Mydin, Pizza Hut, Starbucks, U Mobile, Uniqlo, Village Grocer and Watsons — and apps and websites including Shopee, Sephora, Atome and Adidas — now offer customers the ability to pay with Apple Pay."

Apple’s vice president of Apple Pay and Apple Wallet Jennifer Bailey said the company is delighted to bring Apple Pay to Malaysia, providing an easier, safer and more secure way to pay with iPhone, Apple Watch, iPad and Mac.

“Our customers in Malaysia will benefit from using Apple Pay with the support of the most popular banks, merchants, and our customers’ favourite apps,” she added.

To use the service, users only need to add their payment cards to the Apple Wallet on their devices, then hold their iPhones or Apple Watches near the contactless terminals and authenticate the payment using Face ID or Touch ID.

“When making purchases in Safari, customers can use Apple Pay without having to create an account, key in a PIN, fill out lengthy forms, or repeatedly type in shipping and billing information. Every Apple Pay purchase is authenticated with Face ID, Touch ID, or a device passcode, as well as a one-time unique dynamic security code,” it said.

Face ID is a facial recognition feature, while Touch ID is an electronic fingerprint recognition feature provided by Apple.

Apple Pay was first introduced in 2014. Today, Apple Pay is available in over 60 countries and regions and works with more than 10,000 banks and network partners worldwide.

In a separate statement, Malayan Banking Bhd (Maybank) announced that Maybank and Maybank Islamic Mastercard and Visa credit, debit and prepaid cards can be used with Apple Pay in Malaysia and Singapore, effective Tuesday.

It also added that American Express cards will soon be included in the mobile payment service.

“With our growing presence in this business segment, supported by the combined card user base of 15 million across both markets, Maybank is well placed to leverage the ease, safety and privacy of Apple Pay that would benefit our customers in both countries,” said Maybank group chief executive officer (CEO) (community financial services) Datuk John Chong Eng Chuan.

Meanwhile, AMMB Holdings Bhd (AmBank) said its customers can add any AmBank/AmBank Islamic Visa or Mastercard Credit Card to the Apple Wallet to make fast and seamless cashless transactions with their iPhone or Apple Watch.

Its group CEO Datuk Sulaiman Mohd Tahir said the adoption of digital payments has accelerated over the past few years, benefitting both merchants and consumers.

“Most Malaysians are likely to have their mobile phones ready at hand, and in view of that, we are enhancing our mobile banking services by providing more convenient ways to make payments. We are thrilled to expand the possibilities with Apple Pay to bring easy, secure and private payments to our customers,” Sulaiman said in a statement.

Meanwhile, Standard Chartered Malaysia said that introducing Apple Pay to customers is aligned with the bank's focus in harnessing digital power to transform the banking experience of the future.

“We are proud to be one of the first banks in Malaysia to support Apple Pay to provide easy, secure and private payments to our customers. With contactless and digital payments in Malaysia going mainstream, we aim to provide an effortless and seamless digital payment experience to complement and enrich our customers’ digital lives.

"Apple Pay gives us an opportunity to be at the forefront of the rapidly growing digital finance ecosystem and supports our ambition to strengthen our local footprint via a digital-first approach,” said Sammeer Sharma, managing director and head of consumer, private and business banking at the bank.

Meanwhile, GHL Systems Bhd announced that its merchant terminals are able to accept Apple Pay without additional charges, integration or programming required.

“We believe that the launch of Apple Pay is timely, following the reopening of borders and the growing trend of cashless transactions. With the versatility of Apple Pay, customers can easily perform transactions using Apple Pay at any NFC-based card payment terminal. All of GHL merchant terminals are Apple Pay ready,” said GHL Systems CEO Kevin Lee.

Malayan Banking Bhd's share price gained one sen or 0.11% to end at RM8.89 on Tuesday, valuing it at RM106.41 billion; while AmBank also advanced one sen or 0.26% to RM3.89, giving it a market value of RM12.93 billion. GHL Systems closed down one sen or 0.86% to RM1.15, giving it a market capitalisation of RM1.31 billion.
https://www.theedgemarkets.com/artic...ment-bandwagon
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  #58  
Old Posted Aug 13, 2022, 5:11 PM
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Google Cloud regions to include Malaysia
Shazni Ong August 10, 2022 15:49 pm +08
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KUALA LUMPUR (Aug 10): Google Cloud — a suite of cloud computing services offered by American tech giant Google LLC — has announced plans to add cloud regions in Malaysia to meet growing demand for cloud services in Asia-Pacific.

Malaysia will be among three additional countries, besides Thailand and New Zealand, to join six other previously announced Google Cloud regions, namely Berlin, Dammam, Doha, Mexico, Tel Aviv, and Turin.

However, Google did not detail where the cloud regions are slated to be in Malaysia.

When they are launched, these new regions will join Google’s 34 cloud regions currently in operation around the world, 11 of which are in Asia-Pacific, and which Google claims are delivering “high-performance services" running on “the cleanest cloud in the industry”.

The Sunnyvale-based firm said in a blog on Wednesday (Aug 10) that enterprises across industries, start-ups, and public-sector organisations across Asia-Pacific will benefit from key controls that enable them to maintain low latency and the highest security, data residency, and compliance standards, including specific data storage requirements.

“The new Google Cloud regions in Malaysia, Thailand, and New Zealand will help our customers to continue to enable growth, and solve their most critical business problems. We will work with our customers to ensure the cloud regions fit their evolving needs.

“These new cloud regions [also] represent our ongoing commitment to supporting digital transformation across Asia-Pacific,” said Google Cloud Asia-Pacific vice-president Karan Bajwa.

Bajwa noted that Google will continue to invest in expanding connectivity throughout the region by working with partners in the telecommunications industry to establish subsea cables — including Apricot, Echo, JGA South, INDIGO, and Topaz — and points of presence in major cities.

Meanwhile, International Data Corp (IDC) expects that total spending on cloud services in Asia-Pacific excluding Japan will reach US$282 billion (RM1.26 trillion) by 2025.

IDC Asia-Pacific research director for cloud services and software research Daphne Chung said the new Google Cloud regions will help to address organisations’ increasing needs in the area of digital sovereignty, and enable more opportunities for digital transformation and innovation in Asia-Pacific.

“With this announcement, Google Cloud is providing customers with more choices in accessing capabilities from local cloud regions, while aiding their journeys to a hybrid and multi-cloud environment,” she said.
https://www.theedgemarkets.com/artic...clude-malaysia
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  #59  
Old Posted Aug 13, 2022, 5:14 PM
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Old Posted Dec 8, 2022, 4:53 AM
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Thamlev Chooses Malaysia As Its Manufacturing Base Outside USA for The Production of Light Electric Vehicle (EV)
October 27, 2022, 08:00 GMT



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UALA LUMPUR, MALAYSIA, October 27, 2022 /EINPresswire.com/ -- Thamlev USA Ltd., a US-based company headquartered in Arkansas, has announced Malaysia as its manufacturing base in Southeast Asia for the production of electric bikes outside the United States. This new site will expand upon Thamlev’s existing manufacturing capacity and will help raising the profile and development of the electric vehicle (EV) sector in Malaysia.

With a total investment project value at RM100 million in the Light Electric Vehicle (LEV), the company’s capital investment is set to transform the country into LEV hub such as eMoped, eMotorcycle, eMicrocar, for global market and generating approximately 750 of jobs opportunities in Malaysia.

In welcoming Thamlev to be part of the Malaysia's EV ecosystem, Chief Executive Officer (CEO) of the Malaysian Investment Development Authority (MIDA), Datuk Wira Arham Abdul Rahman, said, “We are excited to know that Thamlev is currently expanding and proposing Malaysia as a production hub for its light electric vehicle to be exported to the United States. Thamlev’s expansion into Malaysia is in line with our National Automotive Policy (NAP) with the aim to position Malaysia as a regional leader in EV manufacturing, engineering, technology and sustainable development. Identified as one of the key sectors under the National Investment Aspirations (NIA), Malaysia is committed to driving the growth of EVs and its entire ecosystem which in turn helps to elevate the EV landscape in Malaysia to become more competitive in the South East Asia.

“The Malaysian Government will strive to build a conducive environment for foreign and domestic industry players to do business in Malaysia, given the nation’s readiness to provide highly-skilled talents and capable technology partners.” Added Datuk Wira Arham.

Kelvin Tham, CEO of Thamlev Mobility Sdn. Bhd., said,” We aim at providing the most compelling LEV of the 21st century. Thamlev is dedicated to producing innovative, sustainable and attractive design of LEV. With our advanced research and development (R&D) department, we continue to pledge our commitment in sticking to the highest-quality LEV and focusing on driving the growth of Malaysia’s manufacturing sector, particularly in the LEV sector.”

“Aspired to be a hub of the LEV creation and innovation pioneer, we believe that a great organisation should equipped with the best talents, unique capabilities, creative thinking and technical skills in order to succeed in the competitive environment and constant development. Today, we make it happen; Thamlev is ranked no.5 with the annual sales of 4000 units in the United States, in 2022. We look forward to expand our footprint across the United States, Europe and ASEAN region in the near future.”

In December 2021, Thamlev has signed a memorandum of agreement (MOA) with NanoMalaysia, the commercialisation agency under the Science, Technology and Innovation Ministry (MOSTI) and Hyundai Kefico Corp. on EV Micro Mobility Ecosystem amounted to USD30 million. The adoption of EV micro mobility ecosystem will be the catalyst for the company to advance into LEV, in line with the global technological revolution.

Thamlev has also teaming up with Curo Co.,Ltd, Hyundai Electric and Energy Systems Co.,Ltd Daegu Mechatronics and Materials Institute and Signet EV to form a Battery Swap Station (BSS) consortium in Malaysia. Through this new technological adoption, Thamlev is anticipating to increase its annual production target up to 100,000 unit per year by 2025.

Thamlev’s new manufacturing base in Malaysia will serve as a central hub for the company’s research and development (R&D) process department, including the development of its full vehicle system design and integration, Gallium Nitride (GaN) based Power Train R&D and BSS equipment. It will also become the main manufacturing hub to export the LEV to the high-potential export market such as the US and the European markets beginning January 2023. Meanwhile, China will supply a wide range of general parts and bike frames. Adding on to this, Thamlev is also committed to empowering the graduates by working closely with prestigious universities in enhancing research collaboration and technology transfer such as Artificial Intelligence (AI) in autonomous driving and big data analysis.

MIDA has approved 25 projects totalling RM10.69 billion in the EV and its related ecosystems from 2020 to June 2022. The approved investments include the activity of EV assembly, manufacturing of EV parts and components and its charging components.
https://www.einnews.com/pr_news/5980...ric-vehicle-ev
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