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Q3 2023: Malaysia

July, August & September 2023

Malaysia’s tech news headlines from 2023’s third quarter captured items in fields including: startup achievements of the country’s sovereign wealth fund, Kazanah Nasional Berhad; moves in Penang to boost the region’s tech startup ecosystem; HSBC Malaysia’s new $106 million fund for innovation; and many more.

For our other editions, you should take a look at Asia’s tech news, daily, delivered via social media channels, and our Indo-Pacific tech newsletters for a weekly update on the region’s tech news.

Hit the links below for each month’s headlines, or scroll down for an all-in-one update on Malaysian technology news in Q3 2023:

September 2023  |  August 2023  |  July 2023

Malaysia's digital economy in 2023

e-Conomy Southeast Asia 2023 – Malaysia country report

September 2023

Malaysia National Blockchain Roadmap

Malaysia National Blockchain Roadmap 2021-2025

“The Future Malaysia Programme (FMP) is one such expression of that focus, specifically for local entrepreneurs, start-ups and businesses to spur innovation and economic growth by driving strategic collaboration within Malaysia’s start-up and corporate venture ecosystem – fostering the sharing of ideas and enhancing business value creation.

“The FMP and other initiatives launched are important milestones for Dana Impak and the wider Khazanah in increasing Malaysia’s economic competitiveness and building national resilience.”

  • Malaysia Digital Economy Corp and City Uni of Hong Kong ink MoU to develop connections between the innovation, entrepreneurship and startup ecosystems in HK and Malaysia
  • HSBC Malaysia unveils $106M HSBC New Economy Fund to provide funding solutions for tech-led businesses emerging startups from Series B stage onwards
  • Malaysia: Singapore’s GlobalFoundries chip-maker opens new facility in Penang, creating 300 roles supporting Singapore, US and European operations
  • Malaysia: Gov’t KWAP pension fund launches Dana Perintis initiative, aiming to invest up to $206M across 24 months into Malaysian early-stage firms, innovation and ecosystems
e-Conomy Southeast Asia 2023 report

e-Conomy Southeast Asia 2023 report – Google, Temasek, Bain and Co

August 2023

Malaysia Startup Roadmap 2021-2030

Malaysia Startup Ecosystem Roadmap 2021-2030 (pdf link)

“Capital A is entering into a partnership with UnionDigital Bank, the digital bank subsidiary of Union Bank of the Philippines, involving three key subsidiaries, namely AirAsia, airasia Superapp, and BigPay…”

“AirAsia is the airline business of Capital A, while airasia Superapp is the one-stop travel platform offering services from flights, hotels, ride-hailing, loyalty programs and more. BigPay is the fintech arm providing accessible and secure digital financial services with the vision of improving financial wellbeing and accessibility in Southeast Asia.”

“UnionDigital Bank’s role will be to provide embedded finance in partnership with BigPay within the airasia Superapp travel platform, the main booking channel for AirAsia flights in the Philippines.”

Malaysia: Digital Penang initiative

Malaysia: Digital Penang initiative

Creative Digital District / George Town, Penang, Malaysia

Creative Digital District / George Town, Penang, Malaysia

July 2023

Malaysia Startup Ecosystem

Malaysia Startup Ecosystem Roadmap 2021-2030 (direct pdf link)

KPMG Asia Venture Pulse Q2 2023

KPMG Venture Pulse Q2 2023 Report – Asia findings

“TikTok Shop will include Atome as a payment option, which would allow customers to spread deferred payments over three or six months.”

“Atome is the BNPL arm of Singapore-based fintech firm Advance Intelligence Group, which is backed by major investors like SoftBank Vision Fund 2 and Warburg Pincus.”

SharePass communications security

SharePass: Online digital security solution

Indo-Pacific TECH news

All-day tech news updates from across the broad – and increasingly strategically and technologically important – Indo-Pacific region, and across South and Southeast Asia:

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WEF - Space Applications in Agriculture

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Our weekly e-newsletters go out via Substack and LinkedIn, giving a one-glance grasp of the week’s technology news from the Indo-Pacific and South & Southeast Asia.

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