KUALA LUMPUR, Sept 12 — The Malaysian Global Innovation and Creativity Centre (MaGIC) was officially launched in April, envisioned as a one-stop shop for entrepreneurship and tasked with building up the ecosystem in the country. After months of head-hunting and speculation, the Malaysian Government announced it had appointed as chief executive officer Cheryl Yeoh, a Malaysian entrepreneur who had launched a startup in New York, made it in Silicon Valley and saw it sold off WalMart Labs, the investment arm of the US retail giant.
KUALA LUMPUR, Sept 1 ― Just about anyone who has made an online transaction in Malaysia would have, whether they knew it or not, engaged with payment gateway provider iPay88. The brainchild of entrepreneur Lim Kok Hing, iPay88 has a simple mission: To enable more businesses to be more innovative and efficient with their payment collections, by eliminating the manual work of payment collections, and thereby boosting local merchants’ operational efficiencies. But how did Kok Hing, or K.H. as he’s better known, get into this game in the first place?
KUALA LUMPUR, Aug 27 ― MyEG Services Bhd (MyEG), one of the biggest Internet services companies listed in Malaysia, is optimistic about its growth prospects for the financial year ahead ending June 30, 2015, after it delivered another good run with its recent full year financial results. The e-government services provider, which saw full-year net profits jump 43 per cent to RM50.11 million, expects growth next year to be driven by new services as well as expanding volume of its existing services, on the back of an extension of its concession period with the Malaysian Government.
AUG 14 — On August 8, the country’s largest telco Telekom Malaysia (TM) launched its first 4G (Fourth Generation) wireless broadband offering, known as TMgo, in the northern state of Kedah. As reported by Digital News Asia (DNA), TMgo is TM’s effort to provide what in industry parlance is known as fixed-mobile broadband – or nomadic broadband – through the use of Long Term Evolution (LTE) technology and specialised mobile dongles and modems.
China Mobile is reportedly negotiating with Axiata Group Bhd, a leading mobile operator in Malaysia, to acquire a 20% stake in the Malaysian firm. Calculating with Axiata’s latest closing price, China Mobile needs to pay about USD3.7 billion for the 20% stake. So far, the two parties have not yet reached any agreement, according to reports in foreign media. Axiata and its controlling shareholder Khazanah Nasional Bhd are reluctant to sell that large amount of shares; meanwhile, the price offered by China Mobile is reportedly too low. Khazanah, a Malaysian national investment company, currently owns a 38.8% stake in Axiata.
KUALA LUMPUR: The Malaysian government will study whether it is necessary to block Facebook following a case of abuse involving the social website, said Communication and Multimedia Minister Datuk Seri Ahmad Shabery Cheek. He said his ministry was conducting studies to gather public views on the matter. “If the people are of the opinion that Facebook should be closed, we are prepared to look into the matter but it is a radical approach,” he told reporters after closing the Cheras Wanita Umno Delegates Meeting on Saturday (Aug 9).
PETALING JAYA: Information technology (IT) services and solutions provider Hitachi Sunway Information Systems Sdn Bhd has allocated RM50 million to RM100 million as seed fund for merger and acquisition activities in the next 12 months, said its group CEO and director Cheah Kok Hoong. “We’re looking at acquiring a variety of companies that can complement our business, it could be (companies related to) infrastructure and managed services (IMS) and end-to-end security solutions,” he told reporters at a press conference here yesterday.
Malaysian professionals value workplace relationships more than any other Asian country, says professional network LinkedIn’s Relationships @Work recent study. Over half (58%) of Malaysian professionals, especially those from Generation Y, believe friendships with colleagues make them happier at work. Three out of five Gen-Yers report that socialising in-person with co-workers makes their working environment better, compared to only two out of five baby boomers.
KUALA LUMPUR, June 27 — Ericsson expects LTE (Long-Term Evolution) subscribers to make up about one-fifth of Malaysia’s total mobile users by 2019, driven by growing demand for data and video. The figure may seem a bit low given that the smartphone penetration rate has already surpassed the 33 per cent mark, but Todd Ashton (pic), president of Ericsson Malaysia and Sri Lanka, begs to differ. Currently, fewer than 2 per cent of mobile subscribers are on LTE. So, to grow the base tenfold over the next five years is a good achievement.
KUALA LUMPUR, June 17 — CyberSecurity Malaysia today launched the Outlet MyCyberSecurity Clinic (MyCSC), an initiative to provide services related to cyber security. In a statement today, CyberSecurity said they included digital forensic services, recovery of data, repair of hard disc and advisory services regarding cyber security and Internet. Minister of Science, Technology and Innovation, Datuk Dr Ewon Ebin, launched the services, it said.
Penang-based rich media mobile ad creator startup, MobileAds (previously known as RichMobileAds) has a received an undisclosed strategic investment from Seattle-headquartered HasOffers. CEO and founder Alvin Koay couldn’t share the exact figure but did say it is a bridge round to its series A. The investment sum is six figures.
KUALA LUMPUR, May 28 — Following a two-day ‘Expert Dialogue on Real-time Monitoring of Flight Data’ hosted in Kuala Lumpur (KL), members of the global aviation and telecommunications industries reached an agreement to develop a roadmap and initial framework for the implementation of real-time global flight monitoring.
Xiaomi sold 4,000 units of its flagship Mi3 smartphone in 17 minutes during the company’s inaugural flash sale in Malaysia, according to a Xiaomi spokesperson representing the company in Southeast Asia. It also sold 5,000 portable battery recharge packs, dubbed the Mi Power Bank. This is Xiaomi’s fifth country/region outside of mainland China, and its biggest market yet outside of the company’s homeland. While 4,000 phones in 17 minutes is nothing to scoff at, the Mi3 units sold markedly slower than in Hong Kong, Taiwan, and Singapore.
May 16, DELL Inc believes that its latest storage solution is the answer to what it said was a previously untapped market in Malaysia – the mid-market segment. According to KT Ong, Dell Malaysia general manager, the Dell Compellent SC4020 helps companies in the mid-market segment address their IT challenges in a “cost effective” manner.
Several of the most heavily populated countries in the Asia Pacific region, including China, India, Indonesia, and Malaysia, are experiencing unprecedented rates of rural electrification. Meeting the increased demand for both power and grid services across the region will require innovative approaches, including microgrids that are capable of operating in isolation from (or in the absence of) the wider power grid. Click to tweet: According to a new report from Navigant Research, the microgrid market in Asia Pacific will grow from $778 million in 2014 to nearly $5.8 billion in 2023.
KUALA LUMPUR, May 5 — The cloud computing paradigm shift is an undeniable and unstoppable force driven by the competitive needs of businesses and while there are still some impediments that stand in the way of full adoption, its acceptance will eventually happen, says the top executive of a major cloud player. Dr Werner Vogels, chief technology officer of Amazon Web Services (AWS) Inc, says companies – both big and small – can no longer afford to consider the cloud as a ‘nice to have,’ and those that do will stand to lose out in a big way.
With the rising demand for outsourcing services, as well as interconnected and managed datacentres, NTT Communications has opened its Rimba Digital 2 – Global Solution Center & Malaysia Cyberjaya 4 Data Center. The Rimba Digital 2 comes just after two years of launching Rimba Digital – Technology Center & Malaysia Cyberjaya 3 Data Center. It’s NTT Com’s the fourth datacentre in Malaysia and its 146th worldwide.
During an on-stage interview in today’s China 2.0 forum at Peking University in Beijing, Xiaomi VP Hugo Barra commented on his company’s future plans regarding international expansion. So if you’re wondering if and when Xiaomi will come to your home country, here’s the next few markets the Chinese smartphone maker plans to enter (in tentative chronological order):
A couple of months back, Sultan Ibrahim of Johor bought a 15 percent stake in Malaysia-based payment company MOL at US$120 million. Today, a cash payment service for ecommerce merchants named MOLPay CASH has just been rolled out in Malaysia – the result of a partnership between MOLPay, Southeast Asia’s leading online payment solutions provider, and 7-Eleven Malaysia, the country’s largest convenience store chain.
TECHNOLOGY has changed the approach of small and medium enterprises in Malaysia. The cost of starting a business has dropped significantly thanks to the many tools made available by software companies. Seeking to lead the change in Malaysia is SAP, a world leader in enterprise software and software-related services. SAP helps companies of all sizes and industries run better.