KUALA LUMPUR (April 30): When it comes to technology (tech), the goal should not be to use the most difficult tech available to do something. Instead, the ultimate goal is to make it simple and cost-effective. This is what Michele Ferrario, co-founder and chief executive officer of Stashaway, aims to achieve with the robo-advisory platform.

Keeping it simple

Malaysian society, especially the older generation, looks at employment in large industries and corporations as an affirmation of success, said Minister of Economy Rafizi Ramli.

This perspective inadvertently has hampered entrepreneurship, he added.

Employment in large industries considered a success benchmark

In efforts to secure financial resilience, Malaysians often opt for more traditional savings methods and calculated budgeting to weather rainy days. The Malaysia Deposit Insurance Corporation (MDIC) reports that nearly half of Malaysians are without insurance coverage, suggesting that insurance h...

Inclusivity: Bridging the insurance gap through a digital approach

Charting the VC industry’s course forward

Quietly, gradually, our ways of consuming information and entertainment have completely shifted. The old Hollywood model of entertainment, and the old system of news cycles via massive media conglomerates, are essentially and fundamentally outdated.

Long past are the days where the powe...

Creator Economy: What do online creators and electric vehicles have in common?

Concert tickets, especially for popular artistes with a large fan base, often cost a lot. But even if one were to have the funds to purchase the tickets, securing them is another matter altogether.

Despite saving up a substantial amount of money, I had not been able to attend any concer...

Geek Speak: Get up close and virtual

With the pressure rising for businesses to migrate and modernise their mainframe applications, they need to start crafting a clear goal towards digital modernisation. Simultaneously, they should ensure that their infrastructure possesses the necessary maturity to sustain the present demands for d...

Solutions: Setting a clear path in digital modernisation

Funding, regulatory reform and capacity building are the three biggest challenges in the venture capital (VC) ecosystem, making them the main areas that the government needs to address to position the country as the preferred regional VC hub by 2030.

The Ministry of Science, Technology ...

Cover Story: Making Malaysia a preferred venture capital hub

Employees are not motivated to perform mundane and repetitive tasks even though it is necessary for an organisation to operate, says Hew Wee Choong, head of the Asean team at Cyclone Robotics (Cyclone).

“Many companies are finding a lot of opportunities and growth now despite the challe...

Robotics: Automating tasks to ensure continuity

In an era where digital platforms play an ever-growing role, the fusion of art and technology has given rise to initiatives like Love and Support Art. This independent and self-funded project, which has an estimated valuation of RM2 million, serves as a curated space dedicated to uplifting artist...

Culture: Where technology empowers creativity

NEWS

Study: Companies’ inability to gain visibility leads to wasted cloud spend

A study by Forrester Consulting, commissioned by intelligent integration company Boomi, has revealed that companies experienced uncontrolled and wasteful clo...

Bits + Bytes: A Miscellany of Technology

Over the years, Malaysia’s gaming landscape has consisted mostly of independent, or “indie”, gaming studios. Raw creative and technical gaming talent is said to be abundant in Malaysia and the reason many large, global gaming companies, such as PlayStation and Virtuous, decided to set up shop her...

Gaming: Indie studios: Heart and soul of the gaming industry

With 94% of Malaysian companies gearing up for an artificial intelligence (AI) driven future, National Technology and Innovation Sandbox (NTIS) together with NVIDIA has launched an AI pilot sandbox programme.

MOHE estimates 13,000 new AI talents by 2026

KUALA LUMPUR (April 18): Global video game commerce company Xsolla, Inc has collaborated with Curine Ventures to launch the Xsolla Curine Academy (XCA) in KL Eco City.

Xsolla Curine Academy launched to foster growth in game development industry

PARIS (May 2): The global economy is growing faster than expected only a few months ago thanks to resilient US activity while inflation is converging more quickly than expected with central banks' targets, the OECD said on Thursday, upgrading its outlook.

The global economy would mainta...

OECD upgrades global growth outlook as US outperforms

India's food safety regulator said on Thursday it had ordered nationwide testing and inspections at all companies making spice mixes, widening a crackdown on the sector as global regulators investigate contamination issues with two popular local brands.

India widens spices crackdown with nationwide checks on all manufacturers

IT will be a busy year for the energy sector. Over the past month, there has been a slew of announcements, with the latest being the establishment of the Energy Exchange Malaysia (Enegem).

The Enegem programme will start with a project with a pilot auction of 100mw of renewable energy (...

Cover Story: A busy year for RE players

Standard Chartered beat forecasts on Thursday with a 5.5% rise in its first-quarter pretax profit, as the income boost from higher interest rates and a robust performance from its markets trading business offset a surge in credit losses.

StanChart profit beats forecasts as income boost outweighs credit losses

The additional investment by Microsoft amounting to US$2.2 billion or RM10.5 billion in the country over the next four years is the largest single investment by the company in its 32 years in Malaysia.

Microsoft’s new US$2.2b outlay is company’s largest single investment in Malaysia, says Anwar

Shares of Ge-Shen Corp Bhd rose as much as 14.91% to a new record high of RM4.47 on Thursday, following the emergence of Chin Hin Group’s Chiau family as its second largest shareholder.

Ge-Shen shares hit new high on emergence of new substantial shareholder

Malaysia’s biggest port operator Westports Holdings Bhd said on Thursday its net profit rose 11.4% year-on-year (y-o-y) in the first quarter, thanks to higher container revenue, coupled with higher finance income and share of results of a joint venture (JV).

Westports' 1Q net profit up 11% on higher container revenue, finance income and share of results of JV

US President Joe Biden included ally Japan along with rivals China and Russia in a list of countries he called “xenophobic” in a speech at a campaign fundraising event in Washington.

Biden calls ally Japan ‘xenophobic’ along with China, Russia

Shell on Thursday reported first-quarter adjusted earnings of US$7.7 billion (RM36.7 billion), sharply beating expectations, on the back of strong oil trading and higher refining margins.

Shell beats expectations with US$7.7b first-quarter profit

theedgemalaysia.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon close on Thursday. Two stocks showed positive momentum while five stocks showed negative momentum.

GHL Systems, Oppstar, Bursa Malaysia, Country View, Fiamma, Marco, Tambun Indah 

US software giant Microsoft Corp said on Thursday it would invest US$2.2 billion (RM10.5 billion) over the next four years in cloud and artificial intelligence (AI) infrastructure in Malaysia.

Microsoft to invest US$2.2 bil in Malaysia over next four years on cloud, AI

Apex Securities Bhd has recommended investors to “subscribe” to ACE Market-bound Farm Price Holdings Bhd at an initial public offering (IPO) price of 24 sen and a fair value of 42 sen by pegging financial year 2025 (FY2025) forecast core earnings per share of 3.2 sen to price-earnings (PE) of 13 times (75% potential upside from IPO price).

Apex Securities advises investors to subscribe to ACE Market-bound Farm Price with fair value of 42 sen

Shares of Bursa Malaysia Bhd climbed to its highest in more than three years after the stock exchange operator reported better-than-expected results that prompted at least two analyst upgrades.

Bursa Malaysia climbs to over three-year high after above-view 1Q

Luno, a digital asset exchange (DAX) licensed by the Securities Commission Malaysia, expands its coin offerings with the launch of Cosmos (ATOM) and Polkadot (DOT).

Luno launches two new digital assets

Feytech Holdings Bhd's initial public offer (IPO) on Main Market of Bursa Malaysia is offering&nbsp;252.94 million shares at 80 sen apiece.&nbsp;

Feytech's Main Market IPO to raise over RM201m

Elon Musk’s latest cost-cutting victims: Summer interns.

Tesla Inc is rescinding offers just weeks before internships were set to start, prompting aspiring employees to take to LinkedIn to appeal to other employers to take them in.

Tesla interns say offers are getting revoked weeks before their start date

Shares of Duopharma Biotech Bhd surged more than 9% during early trade on Thursday following news of the pharmaceutical company securing supply contracts worth RM578.09 million in total.

Duopharma Biotech surges over 9% after RM578m contract news

US stocks closed mixed on Wednesday after the Federal Reserve (Fed) left its key interest rate unchanged, as expected, and indicated that while its next move will likely be a rate cut, continued progress on inflation is not assured.

S&P 500, Nasdaq end lower after Fed rate decision, Powell press conference

Protasco Bhd, which has businesses ranging from hotel to engineering, said on Thursday it has received an offer to buy its unit Kumpulan Ikram Sdn Bhd that owns the Infrastructure University Kuala Lumpur.

Protasco gets offer from HK firm to buy its university unit

Smart Asia Chemical Bhd, an industrial paint and coating manufacturer, on Thursday has begun taking orders from investors for its ACE Market initial public offering (IPO) that would raise up to RM37.4 million.&nbsp;

Smart Asia Chemical starts taking orders for ACE Market IPO to raise RM37.4 mil

Latest data signalled further downbeat trends across the Malaysian manufacturing sector at the start of the second quarter of 2024.

In a statement on Thursday, S&amp;P Global Market Intelligence said that while demand remained generally subdued, there were slight indications that firms were on an upward trajectory, as firms scaled back production at a softer rate amid a slower reduction in new order inflows.

Overall manufacturing conditions in Malaysia ease to lesser extent, says S&P Global

Asian stocks and US futures rose on Thursday after the Federal Reserve downplayed risks of an interest rate hike, while the yen was bumpy after another burst of suspected intervention from Japan.

Asian stocks rise as Fed tamps down hike fears; yen leaps

Malaysia’s biggest port operator Westports Holdings Bhd said on Thursday its net profit rose 11.4% year-on-year (y-o-y) in the first quarter, thanks to higher container revenue, coupled with higher finance income and share of results of a joint venture (JV).

DBS Group Holdings Ltd’s chief executive officer Piyush Gupta expects another year of record profit after Singapore’s biggest lender delivered better-than-expected results thanks to strong lending and wealth fees.

DBS CEO Gupta sees another record year after posting better than expected 1Q earnings 

Governments rarely correct deteriorating public finances until they meet some form of debt market disturbance, but the retreat of central banks from sovereign bond markets may eventually set the scene for a showdown.

Bond markets face struggle to surf 'Treasury tsunami'

Yinson Production, the offshore production business unit of Yinson Holdings Bhd, has closed the limited recourse term loan facility of up to US$1.3 billion (RM6.2 billion) for the pre- and post-delivery financing of the Agogo floating, production, storage and offloading (FPSO) vessel, which will be deployed in Angola.

Yinson unit secures single largest term loan of US$1.3b to finance Agogo FPSO delivery

The Federal Communications Commission (FCC) is moving to prevent Huawei, ZTE and other foreign companies deemed to pose US national security concerns from certifying wireless equipment, officials told Reuters on Wednesday.

US moves to bar Huawei, other Chinese telecoms from certifying wireless equipment

Subang Airport, officially known as Sultan Abdul Aziz Shah Airport, will likely be able to handle jet aircraft by the third quarter this year, according to Transport Minister Anthony Loke.

Subang Airport’s jet ops likely to start in 3Q, also eyes business jets — Loke

The additional investment by Microsoft amounting to US$2.2 billion or RM10.5 billion in the country over the next four years is the largest single investment by the company in its 32 years in Malaysia.

Former Penang chief minister Lim Guan Eng’s undersea tunnel graft trial on Thursday did not proceed as scheduled because star witness Datuk Zarul Ahmad Mohd Zulkifli is down with vertigo.

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