KUALA LUMPUR: Genting Malaysia Bhd’s indirect wholly-owned subsidiaries, Genting New York LLC (GENNY) and GENNY Capital Inc., have priced their offering of US$525mil in aggregate principal amount of 7.250% senior unsecured notes due 2029. In a filing with Bursa Malaysia, it said S&P Global Ratings and Fitch… Source link

Malaysian lender Malayan Banking Berhad (Maybank) has announced a strategic investment in Funding Societies | Modalku (Funding Societies), an unified digital finance platform for micro, small and medium enterprises (MSMEs) in Southeast Asia. Funding Societies said in a statement on Wednesday that in conjunction with this investment, Maybank will explore collaborative synergies with… Source link

Some asset quality deterioration is expected as fuel subsidies ease. Malaysian banks’ profitability should stay adequate over the next two years, whilst the risk of negative government intervention has lessened, according to S&P Global Ratings. “In our view, the Malaysian government is unlikely to intervene in the banking system in a manner that could erode financial system… Source link

Photo by Sora Shimazaki In 2023, the Security software market (by vendor revenues) in Asia/Pacific excluding Japan & China (APeJC) grew 21.1% year-over-year (YoY), reaching US$6.3 billion in constant currency, according to International Data Corporation (IDC)’s Worldwide Semi-annual Software Tracker (2023H2). Strong growth is attributed to continued demand for… Source link

KUALA LUMPUR (Sept 11): Malayan Banking Bhd (KL:MAYBANK) said on Wednesday that it has invested in Funding Societies — the fintech company that operates a digital funding and debt investment platform for small businesses. “In conjunction with this investment, Maybank will explore collaborative synergies with Funding Societies to promote inclusivity and bridge funding gaps within the… Source link

Free Newsletter Get the hottest Fintech Malaysia News once a month in your Inbox Maybank has made a strategic investment in Funding Societies, a digital financing platform for micro, small and medium enterprises (MSMEs) in Southeast Asia. The sum was not disclosed. The investment aims to strengthen collaboration between Maybank and Funding Societies, focusing on enhancing… Source link

Midwest Composites will compete for a grand prize of US$1 million Company will pitch in front of global investors, network with top VCs The Malaysia Finals of Startup World Cup 2024 coincided with Malaysia’s Merdeka and Malaysia Day celebrations, reflecting the country’s aspirations to become a leader in the global startup ecosystem by 2030, as outlined in the Malaysia Startup… Source link

KUALA LUMPUR (Sept 10): The Gateway, Amplify, Invest & Nurture (GAIN) programme has achieved RM31.9 billion in revenue since 2017, with exports worth over RM11.2 billion. Digital Minister Gobind Singh Deo said the programme, under the Malaysia Digital Economy Corporation (MDEC), has accessed the markets of over 26 nations since 2017. “It has seen the involvement of over 150 Malaysian tech… Source link

Help SMEs uncover digital solutions that can accelerate digital transformation Empower firms with right strategies, tools to thrive in age of digital-everything CelcomDigi Bhd continues to champion the digital transformation of Malaysian small and medium enterprises (SMEs) through the MY5G SME Conference 2024 held recently at CelcomDigi’s Technology Hub in Subang Jaya,… Source link

Public Bank is the largest financier of SMEs in Malaysia based on market share. Public Bank, in collaboration with Credit Guarantee Corporation Malaysia (CGC), has committed $229.75m (MYR1b) in financing to small and medium enterprises (SMEs) in Malaysia.  As of June 2024, the bank has extended MYR69.3b of financing to SMEs, said Tan Sri Dato’ Sri Dr. Tay Ah Lek, managing… Source link