Maxis revenue up 4% to US$2.13b in 2023, net profit declines 13.8%
Digital News Asia
by karamjit
2h ago
EBITDA of US$829 million, up 0.8% year-on-year Guiding for low single-digit increase in service revenue in 2024 A solid 4Q2023 revenue growth of 7.4% to US$574 million (RM2.74 billion) from US$534 million (RM2.55 billion) a year ago from mobile service provider Maxis Bhd, was marred by RM73 million in assessments and penalties by tax man, IRB (Internal Revenue Board), causing its net profit for the quarter to drop 76% to RM56 million versus RM233 million over the same corresponding period in 2022. [RM1 = US$0.209] For the full year, revenue increased 4% to RM10.18 billion from RM9.79 ..read more
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Maxis, Huawei showcase first 5.5G technology trial in Malaysia and Southeast Asia
Digital News Asia
by Gerry Wong
2d ago
5.5G offers up to 10x speed, device connectivity & latency enhancements over 5G Advancements can support digitalisation, automation & IoT across various sectors Maxis and Huawei have successfully conducted the first 5G-Advanced technology trial in Malaysia and Southeast Asia. In a statement, Maxis said The ‘5G-Advanced Trial Showcase’ featured a live speed test demonstrating 5G-Advanced’s capabilities to achieve ultra-fast peak speeds of up to 8Gbps. 5G-Advanced, also known as 5.5G, promises up to ten times improvement in speed, connected devices, and latency compared to 5G. The sh ..read more
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Aerodyne and DroneDash to introduce drone services between Malaysia and Singapore
Digital News Asia
by karamjit
4d ago
Cargo delivery across national boundaries at 5 times faster than sea freight Carrying 30kg at 150 km/h within 4-hour flight, promises efficient deliveries   Aerodyne Group, a Malaysian based global leader in drone enterprise solutions today inked an agreement with DroneDash Technologies, a leading air mobility company headquartered in Singapore to introduce cross-border drone delivery services between Malaysia and Singapore. Leveraging the technologies of both entities, in a statement, Aerodyne said the objective is to boost logistics efficiency across the two countries and advance th ..read more
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Edward Law of Securemetric saw Digital ID’s coming – 17 years ago
Digital News Asia
by karamjit
5d ago
Digital IDs not just a necessity but a tool for empowerment and connection Presence in 5 countries, technology being used in Singapore’s SingPass When you listen to the way Edward Law talks about the tech company he founded in 2007, you realise that he’s actually describing a digital pioneer. Securemetric is a Malaysian based Southeast Asian company at the forefront of issuing the digital identities that are transforming the way we navigate the online world – and has been a topic of hot conversation in Malaysia lately with the national Digital ID rollout. In a landscape where the internet ..read more
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KWAP makes US$21mil maiden investments under its Dana Perintis Strategy
Digital News Asia
by karamjit
1w ago
Startups Bateriku, Lapasar, VCs Vynn Capital and Antler the recipients Targeted total deployment of US$104.6mil, aims to strengthen startup ecosystem Kumpulan Wang Persaraan (Diperbadankan) (KWAP) has announced the first batch of investments made under its Dana Perintis strategy. The investments, which amount to US$21 million (RM100 million), comprise of two direct investments in Malaysian startups and two Venture Capital (VC) fund commitments. Hazman Hilmi Sallahuddin, chief investment officer of KWAP said, “With the emergence of attractive opportunities within the Malaysian startup ecos ..read more
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Participate in the EGH x AWSome Friday networking event  
Digital News Asia
by Gerry Wong
1w ago
Aims to cultivate an ecosystem that accelerates startup success. Event convenes 30+ investment firms and government agencies nationwide The Entrepreneur Growth Hub (EGH), in partnership with Amazon Web Services (AWS), announced the inaugural EGH x AWSome Friday Networking event for startups and investors at the Ship Campus in Batu Kawan on Friday, 23 Feb 2024. Bringing together 30+ investment firms and government agencies from across Malaysia, this event is curated for budding startups to connect with investors, mentors, and other genuine ecosystem players, all under one roof for an extrao ..read more
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Quantum Sovereignty: Is Malaysia Prepared?
Digital News Asia
by karamjit
2w ago
National Quantum Strategy with support beyond regular science funding Urgent to revive efforts towards development of robust quantum ecosystem Leveraging quantum technology (QT) is crucial for national security, the digital economy, and sovereignty in the immediate future. Quantum physics laws suggest not only a significant leap in communication efficiency and computational power but also a profound transformation in how and through which we communicate. Therefore, just as the matter of national food security, national quantum security urgently demands greater attention and explicit, well ..read more
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ITU places Malaysia in 15th spot globally in its ICT Development Index 2023
Digital News Asia
by karamjit
2w ago
Strong achievement towards Universal & Meaningful Connectivity targets DNB hits target 80% population coverage for 5G rollout by end Dec 2023 According to the Malaysian Communications and Multimedia Commission, the latest publication from the International Telecommunication Union (ITU) for the 2023 Information and Communication Technology (ICT) Development Index (IDI 2023) positioned the country as a global front-runner in telecommunication development. Malaysia scored 94.5 points out of 100, surpassing the global average at 72.8, demonstrating strong achievement towards achieving Uni ..read more
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Mavcap welcomes Ter Leong Yap as its new chairman
Digital News Asia
by karamjit
2w ago
Founder and executive chairman of property player, Sunsuria Group Has a portfolio value of almost US$209mil managed directly, indirectly Malaysia Venture Capital Management Bhd (MAVCAP), welcomes Ter Leong Yap as its new Chairman, effective 15 Dec 2023. Ter, joins the Mavcap family with a wealth of experience through his current roles as the founder and Executive Chairman, Sunsuria Group; Honorary Advisor of the National Chamber of Commerce and Industry of Malaysia (NCCIM), Life Honorary President of The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM); Life Honor ..read more
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WORQ partners Pelaburan Hartanah to reach 100% occupancy at Menara 1 Sentrum
Digital News Asia
by karamjit
3w ago
Attracting co-working spaces a key metric for overall building success All of WORQ’s Klang Valley locations are located at train stops WORQ, a leading coworking space provider, expanded the footprint of its largest coworking space at Menara 1 Sentrum in KL Sentral, the Klang Valley’s main transit hub, by taking up space on a third floor of the building, having already seen consistent full occupancy on its two existing levels. WORQ launched at Menara 1 Sentrum a year ago. The expansion was done via a strategic partnership with Pelaburan Hartanah Bhd (PHB) and marked the successful 100% occ ..read more
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