Energy & Technology

Energy & Technology

RM1.5 Billion Boost for MSME Digitalisation: MDEC and Partners Roll Out National Support Fund  

The Malaysia Digital Economy Corporation (MDEC), in collaboration with the Ministry of Digital and various implementation partners, has unveiled a national funding initiative totalling approximately RM1.5 billion (US$338 million) to drive digital adoption among micro, small, and medium enterprises (MSMEs) across the country. This funding pool—formed through a network of public-private collaborations involving government agencies, financial institutions, digital banks, peer-to-peer (P2P) financing platforms, and local service providers—is designed to provide MSMEs with access to digital tools, advisory support, and digital financing to strengthen their business operations. Gobind Singh Deo – Minister of Digital of Malaysia Announcing the initiative, Digital Minister Gobind Singh Deo described the programme as a people-first transformation agenda championed by the Madani government. “This digitalisation initiative is designed to equip MSMEs with innovative technologies that can boost productivity and improve operational efficiency,” he said. “It represents a holistic national effort to ensure MSMEs are not left behind as the economy becomes increasingly digital.” The programme, known as the Business Digitalisation Initiative (BDI), brings together ecosystem players through formal partnerships to streamline MSME access to financial support, digital solutions, and expert guidance for sustainable growth. Anuar Fariz Fadzil – MDEC, Chief Executive Officer MDEC Chief Executive Officer Anuar Fariz Fadzil emphasised that the initiative directly addresses the challenges faced by MSMEs, including limited access to digital tools, financing gaps, and uncertainty about where to begin the digital transformation journey. “Our goal is to provide practical, scalable solutions to real business challenges,” Anuar said. “Through tailored support, strong partnerships, and accessible e-invoicing options—including affordable and freemium solutions powered by the Peppol framework—we’re making it easier for MSMEs to adopt digital practices and scale their businesses both locally and internationally.” As part of the BDI rollout, 21 MDEC-recognised e-invoicing service providers will offer cost-effective and accessible e-invoicing solutions to help MSMEs comply with the government’s upcoming digital tax administration reforms. Rizal Bin Nainy – SME Corp, Chief Executive Officer Meanwhile, SME Corp. Malaysia CEO Rizal bin Nainy highlighted the importance of the collaboration with MDEC in bridging the digital divide. “Our joint efforts aim to raise awareness and ensure MSMEs are ready to embrace digital transformation,” he said. “By working together, we’re building a more targeted and inclusive ecosystem that provides MSMEs with the tools and support they need to thrive.” The initiative underscores Malaysia’s broader digital economy agenda, enabling small businesses to become more competitive, resilient, and future-ready. For further details on the Business Digitalisation Initiative, visit https://mdec.my/bdi.

Energy & Technology

Microsoft’s $10.9B Cloud Investment to Create 37,575 Jobs in Malaysia

KUALA LUMPUR: Microsoft is set to reshape Malaysia’s digital economy with the launch of its first-ever hyperscale cloud region, Malaysia West. Located in Greater Kuala Lumpur and slated to go live in Q2 2025, the new cloud infrastructure marks a pivotal step in the company’s long-term commitment to advancing the nation’s cloud and AI capabilities. According to the IDC “Microsoft Cloud Dividend Snapshot” report, Microsoft, alongside its partners and cloud-enabled businesses, is projected to generate $10.9 billion in new revenues and create 37,575 new jobs in Malaysia by 2028. Among these, 5,700 will be skilled IT positions, strengthening Malaysia’s digital workforce and positioning the country as a regional hub for AI and cloud innovation. A Milestone in Microsoft’s 33-Year Journey in Malaysia As a trusted technology partner in Malaysia for over three decades, Microsoft continues to fuel the country’s transition toward a digital-first economy. Once operational, the Malaysia West cloud region will offer businesses access to Microsoft’s full suite of cloud solutions, enabling them to scale operations, enhance efficiency, and build digital resilience. Critically, the cloud region will also ensure compliance with Malaysia’s data residency regulations, allowing organizations to store and manage data securely within the country while adhering to government standards. Investing in Talent and AI-Readiness Microsoft’s commitment extends beyond infrastructure. In May 2024, Chairman and CEO Satya Nadella announced a $2.2 billion investment to accelerate Malaysia’s cloud and AI ambitions. A key pillar of this effort is the AI for Malaysia’s Future (AIForMYFuture) initiative, launched in December 2024, which aims to equip 800,000 Malaysians with AI skills by the end of 2025. This builds upon the Bersama Malaysia initiative, which has already provided digital skills training to over 1.53 million Malaysians. Empowering Malaysia’s Digital Future Laurence Si, Managing Director of Microsoft Malaysia, emphasized the transformative impact of the new cloud region: “The Malaysia West cloud region is more than just infrastructure—it’s a catalyst for innovation, enabling businesses to harness AI and cloud technology at scale. With this investment, Malaysia is poised to become a leading hub for cloud and AI growth in Southeast Asia.” Dr. Andrew Lau, Director of Strategic Programs for Microsoft Malaysia, echoed this sentiment: “As Malaysia advances its AI and cloud ecosystem, the new cloud region will empower businesses to expand seamlessly while providing global enterprises with a strategic entry point into the Malaysian market. This initiative will strengthen the country’s digital competitiveness, solidifying its role in an AI-powered future.” With this landmark investment, Microsoft is reinforcing its role as a key driver of Malaysia’s digital transformation, equipping businesses, entrepreneurs, and professionals with the tools needed to thrive in an increasingly AI-driven world. For more details on the Malaysia West cloud region, visit: aka.ms/MalaysiaCloudRegionPlaybook.

Energy & Technology

BYD Shares Soar on 5-Minute EV Charging Breakthrough

BEIJING: Shares of Chinese electric vehicle (EV) giant BYD soared to a record high today following the unveiling of its groundbreaking battery technology, which promises to charge an EV in the same time it takes to refuel a petrol car. The new battery and charging system, dubbed the “Super e-Platform”, boasts peak charging speeds of 1,000 kW, enabling vehicles to travel up to 470 kilometres after just five minutes of charging. BYD founder Wang Chuanfu said the innovation aims to “fundamentally solve users’ charging anxiety.” “Our goal is to make EV charging as fast as refueling a petrol vehicle,” he stated at the launch event last night. Following the announcement, BYD’s Hong Kong-listed shares surged over six percent to hit a record high on Tuesday morning before paring some gains. A Step Ahead of Tesla The new technology places BYD ahead of rival Tesla, whose Superchargers currently peak at 500 kW—only half the speed of BYD’s latest innovation. Alongside the Super e-Platform, BYD introduced two new EV models—the Han L sedan and the Tang L SUV—which will be the first to feature the cutting-edge system. To support the rollout, BYD also revealed plans to build over 4,000 ultra-fast charging stations across China, reinforcing its aggressive push for EV infrastructure dominance. BYD’s Explosive Growth The announcement comes as BYD continues its rapid expansion, with February sales surging 161% to more than 318,000 electric vehicles. Meanwhile, Tesla faced a 49% drop in Chinese market sales over the same period. Nio & CATL Bet on Battery Swapping In a separate development, fellow Chinese EV maker Nio signed a deal with battery giant CATL to collaborate on a passenger car battery swap network. Battery swapping offers an alternative to ultra-fast charging, but infrastructure costs and standardization remain significant hurdles. Under the agreement, CATL will invest up to 2.5 billion yuan (RM1.5 billion) into Nio’s network. With BYD pushing the limits of charging speed and Nio betting on battery swaps, China’s EV race is heating up like never before. — AFP

Energy & Technology, Investment & Market Trends

GE Vernova Expands Footprint in Malaysia with Power Plant

SELANGOR: GE Vernova Inc. (NYSE: GEV) today announced a Selangor state-linked company, Worldwide Holding Berhad (WHB)’s Pulau Indah power plant achieved the start of operation in Selangor, approximately 60 km from the Malaysian capital city, Kuala Lumpur. Powered by two-blocks of GE Vernova HA combined cycle equipment, the new 1,200 megawatts (MW) plant is projected to produce the equivalent electricity needed to power approximately 2.5 million homes in Malaysia. In addition, under the terms of a 21-year agreement, GE Vernova is expected to provide maintenance services and software solutions to improve asset visibility, reliability, and availability of the plant. Over the next three decades, the Malaysian economy is estimated to triple in size, while its population is projected to rise to over 40 million people; consequently, energy demand in Malaysia is set to increase significantly. Malaysia has announced its aim to reach net-zero emissions by as early as 2050 – reflected in its latest National Energy Policy – and continues to refine a long-term lower-emission development strategy. At the core of the plant, the two 9HA gas turbines, engineered from the ground up to be extremely flexible, feature high ramp rates and fast start up times to help meet fluctuating demand. In addition, the HA unit has the capability to burn up to 50% by volume of hydrogen when blended with natural gas. Natural gas has become an increasingly popular option for electricity generation in Malaysia due to increased availability and the fact that it emits less CO2 and other pollutants than coal. Gas power plants can also be turned on or off relatively easily, which allows for greater flexibility in dealing with demand peaks or low supply from renewable sources. For the Pulau Indah Power Plant, GE Vernova provided two blocks of 600 MW, each including a 9HA.01 gas turbine, an STF-D650 steam turbine, a W88 generator and a Once Through Heat Recovery Steam Generator (OT HRSG). Overall plant performance will be monitored and enhanced with GE Vernova’s tightly integrated Mark* VIe Distributed Control System (DCS) software to help improve asset visibility, reliability, and availability while reducing operation and maintenance costs.  In addition, data collected from sensors throughout the facility will be monitored and analyzed 24/7 at GE Vernova’s Monitoring & Diagnostics (M&D) Center in Greenville, SC, United States. “We are proud to add this plant to the 116 units operating globally, and that have amassed more than 3 million commercial operating hours, the equivalent capacity needed to power more than 50 million U.S. homes,” said Ramesh Singaram, President and CEO of Asia, Gas Power, GE Vernova. “With more than 40 years of operations and the largest base of installed gas turbines in the country, GE Vernova is uniquely qualified to support Malaysia’s energy transition, while helping meet the growing power demand in the country.”

Energy & Technology

XPeng Aims to Mass-Produce Flying Cars by 2026

Chinese electric vehicle manufacturer XPeng is set to revolutionize the automotive and aviation industries with its ambitious plan to mass-produce modular flying cars by 2026. If successful, XPeng will become the world’s first company to bring flying vehicles to the mass market. Flying Cars and Humanoid Robots on the Horizon XPeng Motors’ chairman and CEO, He Xiaopeng, recently confirmed that the company is on track to begin large-scale production of its modular flying cars in the second quarter of 2026. Additionally, XPeng plans to introduce humanoid robots with Level 3 autonomy as early as next year. Following this announcement, XPeng’s stock prices surged, reflecting investor enthusiasm for the company’s innovative strides. XPeng’s humanoid robot, named Iron, debuted last year, boasting over 60 joints and 200 degrees of freedom. Powered by XPeng’s proprietary Turing AI chip, Iron is expected to serve beyond manufacturing, potentially filling roles in administration, customer service, and personal assistance. The XPeng AEROHT Flying Car: A Modular Innovation XPeng AEROHT, a subsidiary of XPeng Motors and the largest flying car company in Asia, unveiled an operational version of its electric vertical takeoff and landing (eVTOL) vehicle at CES 2025 in January. Pre-sales for the flying car have already begun, with pricing set between 1 and 2 million RMB. Dubbed the “Land Aircraft Carrier,” XPeng’s modular flying car consists of two key components: a ground module and an air module. The ground module (Mothership): A 6×6 all-wheel-drive electric vehicle with rear-wheel steering and off-road capabilities. Designed with a futuristic cyber-mech aesthetic, it features a four-seat cabin and a range of over 1,000 kilometers. The air module: A detachable two-seat eVTOL unit that can be loaded and unloaded in under five minutes. Constructed from lightweight carbon fiber, it operates using six dual-duct rotors with foldable propellers. When not in use, the flight module is stored within the mothership, allowing the vehicle to fit into standard parking spaces and underground garages. The Rise of the Low-Altitude Economy XPeng AEROHT envisions itself as the “Global Leader in Low-Altitude Product Innovations.” The low-altitude economy, a burgeoning sector in China, focuses on airspace operations below 1,000 meters. Existing players in this industry include DJI, the world’s largest drone manufacturer, which has already implemented unmanned food delivery drones, and several air shuttle companies currently in pilot testing. The first batch of XPeng’s flying cars is expected to serve specialized markets such as tourism and rescue operations before wider consumer adoption. Meanwhile, XPeng is also racing ahead with self-driving technology, aiming to launch Level 3 autonomous vehicles this year and introduce Level 4 capabilities soon after, which would allow for full self-driving in designated areas. As the launch date approaches, XPeng’s advancements in flying vehicles and AI-powered robotics will be closely watched by industry players and consumers alike. More details are expected to emerge in the coming months as XPeng moves toward transforming the future of transportation.  

Energy & Technology

CelcomDigi and PayNet Strengthen Security for 13 Million Daily DuitNow Transactions

KUALA LUMPUR: CelcomDigi Bhd and Payments Network Malaysia Sdn Bhd (PayNet) have partnered to enhance the security of digital financial transactions through CelcomDigi Open Gateway, leveraging SIM-based authentication for DuitNow user verification. With PayNet processing over 13 million transactions daily, this initiative aims to combat rising online fraud and strengthen financial security across Malaysia. By integrating Open Application Programming Interface (API) technology, PayNet can verify DuitNow transactions in real time, ensuring that the registered mobile number, MyKad, or business registration number belongs to the legitimate account holder. Strengthening Digital Security Against Fraud Online scams and fraud continue to be a significant challenge in the financial sector, with cybercriminals exploiting weaknesses in traditional authentication methods. SIM-based authentication offers an added layer of protection, as each SIM card is unique, securely stored in a mobile device, and difficult to duplicate—minimizing the risk of fraudulent transactions. Datuk Idham Nawawi, CEO of CelcomDigi, emphasized the importance of this initiative: “By introducing SIM-based authentication, we provide financial institutions with a more secure way to verify users, making digital transactions significantly safer. As fraudsters become more sophisticated—especially with the rise of artificial intelligence—stronger security measures are essential.” He also highlighted plans to expand this partnership to more financial institutions, further reinforcing Malaysia’s digital security framework. Real-Time Fraud Prevention with National Fraud Portal The collaboration will also enhance fraud prevention by working with the National Scam Response Centre (NSRC) through the National Fraud Portal (NFP). The NFP allows CelcomDigi to flag, block, and blacklist scam-linked phone numbers, preventing fraudsters from using compromised numbers to open new accounts. Farhan Ahmad, Group CEO of PayNet, reaffirmed the company’s commitment to financial security and inclusion, stating: “With the real-time National Fraud Portal, we are taking bold steps to protect Malaysians. This partnership builds on that foundation by adding another layer of security through real-time account verification with CelcomDigi.” By leveraging Open APIs, real-time fraud detection, and secure SIM-based authentication, CelcomDigi and PayNet are paving the way for a safer and more resilient digital financial ecosystem in Malaysia.

Energy & Technology, Investment & Market Trends

Khazanah Invests in chargEV to Accelerate EV Adoption

KUALA LUMPUR: Khazanah Nasional Bhd has invested an undisclosed amount in Yinson GreenTech’s (YGT) electric vehicle (EV) charging division, chargEV, to accelerate the expansion of charging stations across Malaysia. YGT, the green technology arm of Yinson Holdings Bhd (KL:YINSON), is working to support the Ministry of Investment, Trade and Industry’s (MITI) goal of installing 10,000 EV charging points nationwide. Khazanah’s investment, made through its Dana Impak initiative, aligns with the government’s push to drive EV adoption in Malaysia. chargEV was initially developed by the Malaysian Green Technology and Climate Change Corporation (MGTC), an agency under the Ministry of Natural Resources and Environmental Sustainability (NRES). According to MGTC, Malaysia had 3,611 charging stations as of early 2025. YGT CEO Lim Chern Yuan said the partnership with Khazanah comes at a pivotal time, as the company experiences significant business growth. “As of December 2024, our pay-per-use revenue has increased fivefold, and charging sessions have doubled compared to the previous year,” Lim said. “We look forward to strengthening Malaysia’s EV ecosystem by providing reliable, convenient, and seamless charging experiences for users nationwide.” On Monday, Yinson’s share price rose 0.44% to RM2.25, giving the company a market capitalisation of RM6.4 billion. Year-to-date, the stock is down 14.39%.

Energy & Technology, News

DNB, Meta Collaborate on 5G Tech Lab in Malaysia

KUALA LUMPUR: In a move set to transform the digital landscape, Digital Nasional Bhd (DNB) and tech giant Meta have announced a groundbreaking collaboration to establish a cutting-edge innovation lab in Malaysia. This joint venture aims to revolutionise voice and video connectivity on Meta’s platforms, including WhatsApp, Facebook, and Instagram, by harnessing the power of 5G technology. The announcement, made at the Malaysia Pavilion during the prestigious Mobile World Congress 2025, has sent shockwaves through the tech industry. The innovation lab will focus on enhancing the quality of real-time communication (RTC) services, ensuring seamless, high-quality voice and video experiences for millions of users. “This collaboration is a game-changer,” said DNB in a statement. “It underscores our commitment to delivering unparalleled connectivity and user experiences, powered by the latest advancements in 5G technology.” The lab’s mission is ambitious: to optimize network performance, reduce latency, and increase bitrate for smoother, faster communication. By developing cutting-edge technologies, the partnership aims to elevate the overall user experience for DNB’s 5G network subscribers, setting a new standard for digital communication in Malaysia. Ken Tan, DNB’s Chief Technology Officer, expressed excitement about the collaboration, stating, “Together with Meta, we are poised to drive innovation and deliver unmatched service quality to our customers and their end-users. This is a pivotal moment for Malaysia’s digital future.” As the two parties work to finalize the terms of the collaboration, the tech world watches closely. Will this innovation lab pave the way for a new era of connectivity? One thing is certain: Malaysia is positioning itself as a global leader in 5G innovation, and the implications for social media and beyond are enormous. –BERNAMA

Energy & Technology

Sapura Industrial, Chinese Firm Partner for Lithium Battery Plant in Malaysia

KUALA LUMPUR: Sapura Industrial Bhd (KL:SAPIND) has entered into a partnership with China-based Zhejiang Zhongze Precision Technology Co Ltd to set up an industrial and commercial battery component manufacturing facility in Malaysia. In a bourse filing on 27th March, Sapura Industrial announced that its wholly-owned subsidiary, SIB Ventures Sdn Bhd, signed a memorandum of understanding (MOU) with Zhejiang Zhongze to formalize the collaboration. The MOU serves as a foundation for further negotiations, including feasibility studies to assess the viability of the proposed manufacturing plant. “The collaboration will proceed subject to both parties agreeing on a business plan, followed by negotiations and the signing of a definitive agreement that will outline their respective roles, rights, and obligations,” Sapura Industrial stated. A final agreement is expected to be concluded within six months. Sapura Industrial’s shares last traded on March 4, closing at 84 sen, giving the company a market capitalization of RM61.13 million.

Energy & Technology

Aonic Day 2025: Advancing Industrial Automation with CHCNAV & DJI Enterprise

KUALA LUMPUR: Aonic, a leading provider of end-to-end drone solutions, is redefining industrial automation with groundbreaking advancements unveiled at Aonic Day 2025. The event underscores Aonic’s commitment to scalable enterprise automation by introducing cutting-edge technologies, including CHCNAV Machine Control Solutions, the launch of the DJI Matrice 4 Series, and the expansion of Aonic Flex, a financing solution designed to make automation more accessible. Driving Automation with CHCNAV Machine Control Solutions Aonic is proud to be the first distributor of CHCNAV Machine Control Solutions in Malaysia, marking a new era of precision-driven industrial transformation. By integrating high-precision dual-GNSS technology, CHCNAV’s AI-powered machine control enhances efficiency in industries such as construction, agriculture, and infrastructure, enabling: Automated precision for earthworks, road construction, and site leveling. Optimized workflows that reduce reliance on manual labor. Improved project accuracy for faster, cost-effective execution. “This partnership with Aonic marks a major step in CHCNAV’s mission to make high-precision mapping, positioning, and navigation solutions more accessible in Malaysia,” said Kyle Kong, Machine Control Business Development Global Director of CHCNAV. “With Aonic’s expertise in automation, businesses can seamlessly integrate CHCNAV’s technology to enhance efficiency and intelligence across operations.” Aonic Flex: Making Automation More Accessible Recognizing the financial barriers to adopting automation, Aonic Flex provides flexible financing options for businesses, ensuring cutting-edge industrial technology remains within reach. Over the past two years, Aonic Flex has financed over RM20 million worth of drones for smallholder farmers, significantly boosting productivity and incomes. Now, Aonic is expanding its financing model beyond drones, offering flexible payment solutions for a full suite of automation technologies across industries such as logistics, construction, and surveillance. Strengthening Leadership in Aerial Automation with DJI As a newly recognized DJI Enterprise Platinum Dealer, Aonic continues to lead in enterprise drone solutions, offering unmatched aerial intelligence for industries including security, energy, and telecommunications. At Aonic Day 2025, the company introduces the DJI Matrice 4 Series, setting a new standard for autonomous aerial operations with: AI-powered flight intelligence for fully automated inspections, mapping, and monitoring. High-resolution thermal and visual imaging for infrastructure inspections, search-and-rescue, and environmental monitoring. Modular adaptability, allowing for long-range surveying, multi-sensor integration, and advanced data collection. By integrating DJI’s state-of-the-art drone technology with its comprehensive enterprise support, Aonic is making next-generation aerial automation more accessible across Southeast Asia. Shaping the Future of Industrial Automation Aonic’s expansion across Southeast Asia reinforces its mission to revolutionize industrial automation by building end-to-end ecosystems across six key verticals: agriculture, industrial, lifestyle, retail, services, and education. By delivering breakthrough automation, forging strategic partnerships, and making advanced technology more accessible, Aonic is setting new benchmarks for precision and efficiency, enabling businesses to scale faster, operate smarter, and stay ahead in an era of digital evolution. With its expertise in AI-powered drones, machine control technology, and scalable enterprise solutions, Aonic is driving the future of automation, efficiency, and precision, helping businesses across multiple industries transform the way they operate.

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