Technology news from Malaysia in October captured items and developments including: Johor state’s opportunities in the global data centers market; Sarawak state’s plans for electricity generation, and supply to the broader region; and more – hit the links below to read each Malaysian tech news item in full.
Malaysia market reference:
- Malaysian population (2023): 34.3 million
- Malaysian online population: 25.3M / 75.5%
- Malaysia’s median age: 31.8 years
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- Malaysia Digital Economy Corp inks MOUs with Singapore’s Ascent venture fund and Indonesia’s Central Capital Ventura, looking to boost cross-border collaboration and innovation / full item
- Malaysia: Sarawak unveils ambitious plans for electricity supply, including submarine cable to supply Singapore and peninsular Malaysia, and potentially wider ASEAN states / full item
- Malaysia: Johor State is projected to attract $4.9BN in new data center investments in 2024, offering cost benefits over neighbouring Singapore / full item
- Malaysia: EY Young Technology Professional Challenge 2024 launches, seeking Malaysian graduates and university students for team-based STEM competition / full item
- Malaysia: Khazanah sovereign wealth fund is to launch Emerging Fund Managers’ Program and Regional Fund Managers’ Initiative under National Fund-of-Funds to boost the country’s VC space / full item
- Malaysia: A quick overview of the tech-focused elements of the country’s 2024 Budget, seeing investments in AI, cybersecurity, talent development and smart city tech / full item
- Malaysia’s GHL online payments firm and Japan’s JCB International ink strategic partnership, opening JCB Cards payments to GHL merchants in Malaysia, Thailand and the Philippines / full item
Cushman & Wakefield: Asia Pacific Data Center Market H1 2024
- Malaysia: MYStartup pre-accelerator cohort 4 unveils 5 winners, working on solutions in fintech, construction, green technologies, agriculture and health-tech / full item
- China’s ByteDance, TikTok parent firm, has laid off more than 700 workers from its Malaysian unit, shifting focus towards greater use of AI in content moderation / full item
- Malaysia’s Sipjoy takes win at most recent Alibaba Cloud Startup Demo Day with digital solutions for coffee shops / full item
- Project Mandala proof-of-concept: Automating compliance procedures on cross-border financial transactions, with central banks of Singapore, Malaysia, Australia and Korea participating / full item
- An overview of DEX Connex Thailand 2024, part of the Malaysia Digital Economy Corporation’s Digital Export facilitation programme for startups and digital businesses / full item
- Singapore’s Princeton Digital Group data centre firm acquires powered land for 500MW capacity expansion, adding new facilities in India, Malaysia and Indonesia / full item
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- October 26th newsletter on LinkedIn / on Substack
- October 19th newsletter on LinkedIn / on Substack
- October 9th newsletter on LinkedIn / on Substack
- October 2nd newsletter on LinkedIn / on Substack
