The second quarter 2023 tech news round-up for Malaysia gathers articles and items on developments as diverse as Malaysia’s cross-border payments and remittances agreement with Singapore, consideration of a Malaysia ban on Telegram messaging app, developments in Malaysia’s 5G ecosystem, and more.
Hit the headline links below for Malaysian tech news from the second quarter of 2023, covering April, May & June.
in June 2023 | in May 2023 | in April 2023
• Plus: Asia’s tech news today / weekly newsletters >
Malaysia Startup Ecosystem Roadmap 2021-2030
Malaysia tech news
quarterly: June 2023
“According to Grab, JustSave is a new economy service that allows passengers to access more affordable rides by carpooling with another passenger who is travelling along the same route as you at a given time.”
“Unlike its existing ride-sharing offering, GrabShare, the newer service will only confirm a booking if the passengers’ requests are successfully matched. To clarify, Grab’s other carpooling option allows passengers to share their rides and the fare, while drive-partners get to earn more by picking multiple passengers that are going the same way.”
“SCxSC GROW, is a new collaborative programme, under the SC’s fintech flagship initiative ‘Synergistic Collaboration by the SC‘ (SCxSC).”
“The SCxSC GROW embodies a collaborative effort with partners in the fintech ecosystem to harness the potential of alternative financing digital platforms to meet the needs of micro, small, and medium-sized enterprises (MSME) in strategic sectors.”
“Its chief compliance officer, Zulkarnain Mohd Yasin, said this could be necessary in order to offer protection to users of the app, as well as to safeguard national sovereignty.”
“He said this was because cyber crime activities on Telegram had recorded a drastic leap and are now in the top five tier, compared to 11th between 2019 and 2020.”
“He explained that drastic action may be necessary against Telegram as there are no official communication channels or contact persons for the app to raise any issues or follow-up action.”
CSIS: Mapping semiconductor supply chains – Indo-Pacific’s critical role
Malaysia tech news
quarterly: May 2023
- Malaysia’s proposed revision of nation-wide 5G provision: “Allowing untrusted suppliers in any part of the network also subjects Malaysia’s infrastructure to national security risks.”
- CyberSecMalaysia Conference 2023 is set for May 24-25, running from Kuala Lumpur and looking at Malaysia’s digital landscape
- Malaysia: MYStartup NXT micro-conferences prep for roll-out, scheduled for events in Cyberjaya, Sarawak, Penang and Sabah
Malaysia: “…AWS confirming it intends to invest at least RM25.5 billion [US$5.5BN approx]…by 2037 with the intention of developing Malaysia as a ‘cloud region’ for data storage and other cloud-based services”
- Malaysia: Mastercard Data and Services Hub announced for KL with Asia Pacific-wide focus
- Malaysia: A brief preview of the upcoming Metaltech 2023 conference, an event focusing on smart machinery and smart manufacturing
- Malaysia: Securities Commission orders Huobi Global to cease operations and promotional activity in the country due to the firm operating a digital asset exchange without registration
World Economic Forum: Shared Intelligence for Resilient Supply Systems
Malaysia tech news
quarterly: April 2023
- Malaysia: Qmed Asia health-tech raises $1.16M via equity crowdfunding with wide-angle health management tech and systems
- Available to download: ‘Malaysia – Assessment of the Start-Up Financing Ecosystem’ from The World Bank
- Malaysia: Gov’t reportedly to add a second 5G network from 2024, aiming to break monopoly risk and promote competition
“A recommendation by major carriers for a second 5G provider was rejected by the previous government in March last year. DNB deployed its network in late 2021 with the participation of two telecommunications firms on a trial basis.”
“It was not clear how the proposal for a second 5G network would affect DNB’s existing agreements with its development partner Swedish telecoms giant Ericsson, and other mobile operators.”
- Download: Malaysia Startup Ecosystem Roadmap 2021-2030 (direct pdf link)
- Monetary Authority of Singapore and Bank Negara Malaysia link QR systems, enabling payments to merchants via QR codes, with person-to-person transfers and remittances to come
CSET: Mapping emerging technologies and their supply chains
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