Malaysian Skincare Brand, The Raw., Achieves Remarkable Success in Educating Users via Shopee Live
Malaysian skincare brand, The Raw., achieves significant success through Shopee Live, leveraging interactive sessions to educate users on healthy skin practices. With over 30% of orders coming from live streams in 2023, the brand plans to increase livestreaming hours, demonstrating a commitment to raising skincare awareness among Malaysians. 20 November 2023 – The Raw., a locally-rooted skincare brand, is making waves in the...
India-Asean Startup Summit 2023 Set to Catalyze Cross-Border Collaboration
DEWI Wealth Accelerator’s India-Asean Startup Summit 2023 (IASS 2023) is set to bring together over 600 startups, investors, and stakeholders from Malaysia and beyond, fostering cross-border collaborations with a focus on innovation and women empowerment. 20 November 2023 – More than 600 startups from local and international domains are poised to converge at the Sunway Pyramid Convention Centre for the inaugural...
Mobiva’s Groundbreaking Tech Solutions Propel Global Disaster Preparedness
Malaysian tech startup Mobiva is leading the charge in disaster preparedness and climate resilience through its innovative Citizen platform, utilizing AI-driven technologies and crowd-sourced mobile data to create real-time hazard maps. Since its inception in 2020, Mobiva has experienced substantial growth, securing accolades such as the championship at the ABD Hackathon, and is actively engaged in projects globally, including...
Google and Malaysian Government Unite for Digital Growth and Inclusive Skilling Initiatives
The Malaysian government and Google have joined forces in a strategic collaboration aimed at enhancing inclusive growth opportunities in Malaysia’s digital economy. The initiatives, spanning skilling programs, digital infrastructure investment, AI innovation, and cloud-first policies, underscore Google’s commitment to advancing Malaysia’s digital competitiveness, aligning with the nation’s economic frameworks....
Malaysian Medical Association Advocates Stricter Regulations for Health Products Sold Online, Citing Concerns Over Unregistered and Prescription Drug Sales
The Malaysian Medical Association (MMA) urges strict regulation of health products sold on ecommerce platforms, citing concerns about the availability of unregistered products and the risk of online sales of prescription drugs. MMA calls for accountability from online shopping platforms and emphasizes the need for consumer education to identify genuine health products online. 17 November 2023 – The Malaysian Medical Association...
Survey Reveals Budget Consciousness as Key Driver of Online Cart Abandonment
A YouGov survey commissioned by commercetools reveals that budget-consciousness prompts online shoppers to abandon their carts, with shipping costs and the search for better deals cited as the top reasons. The study underscores the significance of financial considerations across income ranges, with recommendations for retailers to invest in technology, loyalty programs, and personalized experiences to combat cart abandonment during...
X-PITCH 2023 Concludes with Million-Dollar Investments and Deeptech Triumphs
The X Games for Startups, X-PITCH 2023, concluded with ten finalists showcasing groundbreaking ideas. Four deeptech startups emerged as winners, securing a total investment of US$1 million. The event featured unconventional semi-finals on Singapore River bumboats, pushing the boundaries of startup competitions. Gratitude is extended to supporting organizations and sponsors, reaffirming X-PITCH’s commitment to fostering...
Survey Reveals 90% of Malaysian Sellers Choose Shopee for a Secure Online Business Environment
Shopee dominates as the preferred platform for 90% of Malaysian online sellers, according to a recent survey, showcasing the significant trust sellers place in its commitment to online safety. The survey highlights tangible benefits, including the protection of brand reputation and savings on potential liabilities, reinforcing Shopee’s status as a secure haven for e-commerce businesses. 9 November 2023 – In a recent survey...
Optimal Employee Experience in Malaysia Declines, Says Qualtrics’ 2024 Report
The Qualtrics 2024 Employee Experience Trends Report reveals a decline in several key indicators of an optimal employee experience in Malaysia, including employee engagement, well-being, and intent to stay. The report also highlights a preference among Malaysian employees for spending two to four days in the office, as well as a willingness to embrace AI assistance in the workplace. 8 November 2023 – The Qualtrics 2024 Employee...
Malaysia Digital Expo Grand Finale Marks a Pivotal Step in Digital Transformation with Launch of DATA Program
The Malaysia Digital Expo (MDX 2023) Grand Finale, launched by the Ministry of Communications and Digital (KKD) and Malaysia Digital Economy Corporation (MDEC), is set to drive digital transformation in Malaysia. The event, featuring renowned speakers, celebrates digital innovation, and includes the announcement of the Digital Agriculture Technology Adoption (DATA) program. 7 November 2023 – The Ministry of Communications and...
Malaysia Seeks Foreign Investors in High-Value Industries, Focusing on Electric Vehicles and Semiconductors
Malaysia is actively courting foreign investors in high-value sectors, with a strong focus on electric vehicles and semiconductors, aiming to elevate its industries and move up the value chain. The country’s expertise in semiconductor chips and its plans to expand into integrated circuit design make it a key player in the global supply chain, while also exploring opportunities in carbon capture, aerospace, petrochemicals,...
South Korea’s Online Shopping Soars in September Fueled by Travel and E-Coupon Services
South Korea’s online shopping sector saw a remarkable 9.6% growth in September, with strong demand for travel, e-coupon services, and food contributing to the surge. The data revealed significant increases in online transactions for these categories, with mobile shopping through smartphones also on the rise, indicating changing consumer preferences and the continued growth of e-commerce in the country. 4 November 2023 –...
Indonesia Exempts Books, Films, and More from $100 Import Ban on E-commerce
Indonesia has excluded books, films, software, and music from its $100 import ban on e-commerce platforms, aiming to accommodate specific goods. This decision impacts the country’s vibrant e-commerce market, with a significant population that embraces online shopping and transactions. 2 November 2023 – Indonesia has decided to exempt books, films, software, and music from its recent ban on the import of products priced...
Southeast Asia’s Digital Economy Thrives Amid Global Headwinds, Poised to Reach $218 Billion in Transactions
Southeast Asia’s digital economies are defying global macroeconomic challenges, with a projected total transaction value of $218 billion this year, an 11% increase from the previous year. The region’s digital economy is experiencing significant growth, especially in terms of revenue, as companies shift their focus towards profitability. 2 November 2023 – A new report jointly conducted by Google, Temasek, and Bain...
Petronas Awards FutureTech 3.0 Honors to APAC Green Tech Start-ups
Petronas, the Malaysian national oil and gas company, has recognized five innovative green tech companies in the Asia-Pacific (APAC) region through its FutureTech 3.0 Awards. These awards highlight the importance of electric vehicle solutions and sustainable energy ventures, and the winners will participate in an APAC immersion program to foster innovation and collaboration in the green technology sector. 1 November 2023 –...
Vircle Raises Seed Funding to Expand Innovative Cashless Payment Platform for Children
Vircle, a Malaysian fintech, has secured seed funding in a round led by Gobi Partners and Kumpulan Modal Perdana (KMP) to expand its child-centric cashless payment platform. Vircle’s child-safe Visa prepaid card, which empowers parents to oversee their child’s expenses, aims to introduce millions of children in Southeast Asia to the cashless and digital banking world, promoting financial responsibility. 1 November 2023...
AIOX Apex Angel Fund Joins Forces with X-PITCH 2023 to Fuel Deeptech and Web3 Innovation
AIOX Apex Angel Fund has unveiled a new venture fund focused on supporting deeptech and web3 startups. The firm has entered into a strategic partnership with X-PITCH 2023, a global startup competition, to accelerate technology adoption across various industries. 26 October 2023 – AIOX Apex Angel Fund (AIOX) has emerged from the shadows, unveiling an ambitious venture fund geared towards empowering innovators in deeptech and...
DSAM and Lazada Forge Alliance to Elevate Direct Selling Integrity on E-commerce Platform
DSAM and Lazada have joined forces to regulate direct selling on the e-commerce platform, allowing only authorized distributors with LOAs to promote products. This collaboration aims to enhance transparency, build consumer trust, and maintain product quality. 26 October 2023 – In a significant collaborative effort, the DIRECT Selling Association Malaysia (DSAM) and e-commerce giant Lazada have inked a pivotal Memorandum of...
Unlock RM5000 MSME Digital Grant MADANI: Join the Webinar for Malaysian Businesses
VeecoTech Solutions and Digital Penang have joined forces to present a crucial webinar on the RM5000 MSME Digital Grant MADANI, a government initiative aimed at supporting the digital transformation endeavors of Malaysian Micro, Small, and Medium Enterprises (MSMEs). The webinar, featuring expert speakers, will cover grant eligibility, application processes, and ways to avoid common rejection factors, offering valuable insights to...
Malaysia Scores RM600 Million Investment and RM330 Million in Exports in UAE Mission, Reinforcing Digital Leadership
Malaysia’s Ministry of Communications and Digital, in partnership with MDEC, secured a remarkable RM600 million investment and RM330 million in export opportunities during a mission to the UAE. These accomplishments validate Malaysia’s growing digital capabilities and affirm investor confidence in the nation’s robust digital framework. 19 October 2023 – The Ministry of Communications and Digital (KKD) in...
