Category Archives: Business

PayNet Works on Bridging the Digital Divide in Malaysia’s Financial Sector with Program Akar

The digital landscape is rapidly evolving, and the demand for skilled professionals to navigate it is higher than ever. Recognizing this critical need, Payments Network Malaysia (PayNet) has launched a groundbreaking initiative called Program Akar. This program aims to bridge the digital skills gap in Malaysia’s financial services sector by equipping the next generation with essential cloud computing knowledge.

The impetus for Program Akar is clear. Research indicates that a staggering 78% of Malaysian employers anticipate needing digitally skilled workers within the next five years. However, access to affordable training remains a hurdle, despite a high level of interest among Malaysians. This gap between desire and opportunity is precisely what Program Akar seeks to address.

Program Akar offers an inclusive and accessible pathway for Malaysians to acquire in-demand cloud skills. It removes the financial barrier to entry by providing the program entirely free of charge. Prior technical experience is not required, making it an attractive option for individuals from diverse backgrounds.

PayNet x AWS reStart Program Akar

The program leverages the expertise of industry leaders. Amazon Web Services (AWS) re/Start, a global training initiative focused on cloud skills development, provides participants with essential resources and technical know-how. PayNet, as the program’s sponsor, champions the integration of industry-specific skills, ensuring graduates are well-equipped for the financial services workforce. World Education Placement Services Sdn Bhd. (WEPS) serves as the program delivery partner, guaranteeing a curriculum that is current, industry-focused, and effectively delivered.

Program Akar equips participants with a solid foundation in cloud computing and digital payments, preparing them for future career opportunities. Through a rigorous 47-day training course, participants delve into core areas like programming, networking, security, and databases, all from an AWS cloud-centric perspective.

This foundational training is complemented by the industry-recognized AWS Cloud Practitioner Certification Exam, validating participants’ newly acquired skills and demonstrating their commitment to cloud computing.

Program Akar extends beyond skills development by actively supporting graduates in securing employment within the Malaysian financial services sector. PayNet and WEPS connect program graduates with potential employers, facilitating placements in roles like cloud operations, site reliability, infrastructure support, and technical business support functions.

Program Akar exemplifies the power of collaboration. PayNet’s vision and financial backing are critical elements, as are the expertise of AWS re/Start and the program delivery proficiency of WEPS. This collaborative approach ensures participants receive high-quality training and industry-relevant skills, ultimately boosting their employability.

The program’s initial cohort of 50 participants will begin their journey in July 2024, commencing their training at the Asia Pacific University of Technology & Innovation (APU). Leading financial institutions such as Bank Negara, Maybank, Public Bank, Hong Leong Bank, and Bank Islam have already expressed interest in providing internship opportunities for graduates, further solidifying the program’s link to the industry it aims to serve.

With the proven success of AWS re/Start programs worldwide, connecting over 98% of graduates with job interview opportunities, Program Akar holds significant promise for Malaysia’s digital future. It fosters a diverse pool of cloud-skilled talent, empowering individuals while enabling the financial services sector to embrace new technologies and enhance its competitiveness. Program Akar is not just a skills development initiative; it’s a bridge towards a thriving digital economy fueled by a skilled and motivated workforce.

Google Launches Advertising Revenue Lab to Boost Malaysian News Publishers

Google has announced the launch of the Google News Initiative’s (GNI) Advertising Revenue Lab Malaysia, supported by the Ministry of Communications. This comprehensive program empowers small and medium-sized news publishers in Malaysia, equipping local newsrooms with essential tools and knowledge to thrive in the evolving media landscape.

The Advertising Revenue Lab Malaysia is the latest addition to GNI programs aimed at enhancing digital advertising capabilities and fostering sustainable business models for publishers of all sizes. This initiative focuses on providing technical and product training, and hands-on support for optimizing websites, improving audience engagement, and increasing advertising revenue.

Google News Initiative
(From left) Nicholas Sagau – COO, Rev Media Group; Arianne Santoso – Government Affairs and Public Policy Manager, Google; YB Fahmi Fadzil – Minister of Communications; Adeel Farhan – News Partner Manager, Google; Rafiq Razali – Group MD, Media Prima Berhad

Google Newsroom Initiative’s Revenue Lab program aims to provide newsrooms with valuable insights and strategies to grow their digital advertising revenues, ensuring high-quality news delivery to communities across Malaysia. By participating in the Advertising Revenue Lab Malaysia, publishers will gain the necessary expertise to enhance their business models and thrive in the digital age.

YB Fahmi Fadzil, Minister of Communications, expressed his support, stating, “The Ministry of Communications welcomes and appreciates Google’s initiative to improve media sustainability in Malaysia. This collaboration marks a crucial milestone for the Malaysian news industry. By equipping news publishers with essential digital tools and expertise, we believe that their business models can be enhanced, ensuring a diverse, more sustainable and thriving local news ecosystem.”

Rafiq Razali, Group Managing Director of Media Prima Berhad, highlighted the positive impact of this initiative, “The launch of the Advertising Revenue Lab Malaysia by Google marks a positive development for Malaysian media as it empowers publishers to optimize their digital platforms and strengthen their advertising strategies. This initiative reflects Google’s ongoing dedication to innovation and supporting a free and open internet. We are confident that this will pave the way for a vibrant and sustainable future for news and content creators across the country, unlocking new opportunities for the Malaysian media industry and fostering a thriving digital ecosystem that will ultimately benefit content consumers.”

The Advertising Revenue Lab Malaysia represents a significant step towards empowering local publishers and ensuring that quality journalism remains accessible to all Malaysians. For more information and to apply for the Advertising Revenue Lab Malaysia, visit the program application page here.

The Google News Initiative (GNI) is Google’s effort to partner with news publishers worldwide to build a long-lasting, diverse, and innovative news ecosystem. GNI offers training, programs, funding, and products to journalists and newsrooms to help strengthen their work in the digital age.

By supporting the growth and sustainability of news publishers, the Advertising Revenue Lab Malaysia aims to foster a more robust and diverse media landscape in Malaysia, benefiting both content creators and consumers.

CelcomDigi Achieves Significant Milestone in Network Modernization Efforts

CelcomDigi has hit a significant milestone in its network integration and modernization journey. Just a year into the three-year project, the company has already surpassed the 50% completion mark, with upgrades completed in Penang and ongoing across the nation. This rapid progress positions CelcomDigi as a frontrunner in building Malaysia’s second 5G network.

CelcomDigi 5G for All

Datuk Idham Nawawi, CEO of CelcomDigi, expressed the company’s commitment to building a robust 5G ecosystem. He highlighted that by the end of 2024, over two-thirds of CelcomDigi’s network will be modernized, making it the largest and most advanced digital network in the country. This achievement paves the way for a swift and efficient deployment of a standalone 5G network.

The foundation for this rapid progress lies in CelcomDigi’s extensive 4G network, covering 97% of populated areas. The company has modernized all network components, including RAN, core, and transport, to be 5G-ready. This strategic approach enables simultaneous 4G upgrades and 5G activation, optimizing resources and accelerating deployment.

CelcomDigi’s partnership with over 100 tower and state-backed companies has been instrumental in achieving this milestone. This strong ecosystem, coupled with the company’s efficient execution, has positioned CelcomDigi as a prime candidate for building Malaysia’s second 5G network.

CelcomDigi CEO Datuk Idham Nawawi engaging with a customer on network service experience

Beyond network infrastructure, CelcomDigi is focused on driving 5G adoption. The company has launched a suite of 5G postpaid, prepaid, and home fibre plans, offering Malaysians access to high-speed internet. Additionally, the CelcomDigi AI Experience Centre (AiX) is at the forefront of 5G and AI innovation, with over 40 global tech partners collaborating on the development of new solutions.

To ensure an exceptional customer experience, CelcomDigi has established specialized teams known as Skuad 5G to conduct rigorous network testing and optimization. This dedication to quality has resulted in noticeable improvements in signal strength and network throughput, particularly in areas like Penang.

As CelcomDigi continues to advance its network modernization efforts, the company aims to deliver an unparalleled network experience to its customers while positioning Malaysia as a leader in 5G technology and innovation.

Infinix Advances NFC Technology with 720° SphereTech Technology

Infinix has unveiled its brand new 720° SphereTech Near Field Communication (NFC) technology. This cutting-edge advancement aims to revolutionize the way we interact with our smartphones by significantly enhancing the reliability and versatility of NFC applications.

3 Major Breakthrough

Conventional NFC technology is plagued by a bevvy of limitations. One of its largest is that it often requires precise alignment for successful transactions. This can be frustrating, especially in crowded or fast-paced environments. Infinix’s 720° SphereTech NFC addresses these issues by expanding the NFC signal coverage to a full 360 degrees, ensuring seamless interactions from virtually any angle.

This breakthrough technology is the result of extensive research and development, involving improvements in spatial layout, signal compatibility, and material type configuration. The expanded card reading area, increased signal range, and ability to read and tap cards from three sides of the device set the 720° SphereTech NFC apart from its predecessors.

One Tap for Effortless Travel

Beyond convenience, Infinix is prioritizing security. The technology includes features to remotely disable NFC functions on lost or stolen devices, providing an added layer of protection for users’ personal and financial information.

While specific details about the integration of this technology into Infinix smartphones remain undisclosed, the company’s announcement bodes well for NFC applications. As the world becomes increasingly reliant on contactless transactions, Infinix’s 720° SphereTech NFC technology has the potential to drive adoption and redefine how we interact with our devices and the world around us.

ASUS Unleashes Server Power with AMD EPYC 4004 Processors

ASUS has unveiled a new lineup of servers, workstations, and motherboards powered by AMD’s cutting-edge EPYC 4004 processors. The new lineup brings a range of solutions tailored for businesses of all sizes, from small enterprises to data centres.

ASUS Announces All New Server Grade Hardware Powered by AMD EPYC 4004

At the heart of these new offerings is the AMD EPYC 4004 processor, renowned for its exceptional performance and energy efficiency. With up to 16 cores per socket, these processors can easily handle demanding workloads, from running complex applications to managing heavy data processing.

ASUS has introduced three key products in this lineup: the Pro ER100A B6, a compact 1U rack server ideal for small businesses; the ExpertCenter Pro ET500A B6, a power-efficient workstation; and two motherboards, the Pro WS 665-ACE and Pro WS 600M-CL, catering to different workstation needs.

These new systems are designed to excel in a variety of applications, including web serving, file sharing, email, CRM, ERP, and content creation. The combination of AMD’s powerful processors and ASUS’ engineering expertise results in robust, reliable, and efficient solutions.

Screenshot 2024 07 23 at 17 32 46 ASUS AMD EPYC™ 4004

A standout feature of these systems is their support for ASUS Control Center Express, a centralized management software that simplifies IT operations and ensures optimal performance.

By leveraging the capabilities of AMD EPYC 4004 processors, ASUS has created a range of products that empower businesses to achieve their goals without breaking the bank. These solutions offer a compelling combination of performance, efficiency, and scalability, making them an attractive choice for organizations seeking to upgrade their IT infrastructure.

While specific pricing and availability details for these new products have not been released, the combination of ASUS’ reputation for quality and AMD’s powerful processors indicates a competitive offering for the market.

Malaysia’s Telco Landscape in Flux: Is Maxis Eyes U Mobile Buyout?

Malaysia’s telecommunications landscape could be on the cusp of a major shakeup, with Maxis Bhd., one of the country’s leading mobile operators, reportedly considering a buyout of its rival, U Mobile Sdn Bhd. This potential merger, if successful, would mark the second significant consolidation within the industry following the recent Celcom-Digi merger announced in May 2024.

Maxis U Mobile

Strategic Move to Consolidate Two Rivals on the Same Page

News of the potential Maxis-U Mobile deal emerged in mid-July 2024. Sources close to the matter claim that Maxis has expressed interest in acquiring U Mobile, with talks currently in their early stages. This move comes at a time when Malaysia is actively accelerating its transition to 5G technology, and both companies are vying for a strategic advantage.

The potential Maxis-U Mobile merger mirrors the recent Celcom-Digi union, which seeks to create a dominant player in the 5G space. With the Malaysian government aiming to roll out nationwide 5G coverage by 2024, consolidation within the telecommunications sector appears to be a strategic move for companies to strengthen their infrastructure and investment capabilities. Notably, U Mobile has been at the forefront of 5G development, collaborating with EDOTCO, a state-owned tower company, to spearhead the deployment of the second 5G network in Malaysia.

EDOTCO U Mobile MoU

While Maxis seems keen on acquiring U Mobile, the latter has reportedly rejected the initial buyout offer. U Mobile, currently the third-largest mobile operator in Malaysia with over 9 million subscribers, is said to be valuing itself at more than RM10 billion (approximately USD 2.3 billion). Interestingly, U Mobile has been contemplating an initial public offering (IPO) since 2021, suggesting an alternative path towards growth and expansion.

MCMC Ready to Oversee Merger

The Malaysian Communications and Multimedia Commission (MCMC) has expressed its readiness to establish guidelines should Maxis and U Mobile decide to proceed with the merger. The regulator’s focus will likely be on ensuring healthy competition within the market and preventing the creation of a monopoly that could stifle innovation and ultimately harm consumers.

The potential benefits of a Maxis-U Mobile merger are multifaceted. It could lead to a more efficient allocation of resources, reduced network duplication, and potentially lower prices for consumers. However, concerns exist about the potential reduction in competition, which could lead to higher prices and a lack of choice for users. Additionally, job losses within both companies due to potential redundancies remain a key concern.

The potential Maxis-U Mobile merger is shrouded in uncertainty at this point. While Maxis has expressed interest, U Mobile appears hesitant. Both companies have their own strategic considerations, and the MCMC’s regulatory oversight further complicates the picture. However, one thing is clear: if successful, this merger would significantly redraw the Malaysian telecommunications landscape.

It remains to be seen whether the Maxis-U Mobile deal will materialize. However, this potential consolidation serves as a reminder of the ongoing transformation within Malaysia’s telecommunications sector. As the race for 5G dominance heats up, further consolidation and strategic realignments within the industry are not out of the question. Whether these developments benefit consumers or stifle competition depends on the regulatory framework and the companies’ commitment to providing high-quality services at affordable prices.

Malaysian Businesses Urged to Leverage High-Speed Connectivity & Modern Technologies to be More Competitive

Malaysia is on the cusp of a digital revolution, and businesses are being urged to seize the opportunity. The recent unveiling of Malaysia’s first 10Gbps broadband service by ViewQuest signals a significant leap forward in infrastructure, and Minister of Digital, YB Gobind Singh Deo, is calling on Malaysian businesses to leverage this high-speed connectivity and modern technologies to unlock a new era of productivity and innovation.

Copilot Generated Malaysia Digital
Image generated with Microsoft Copilot

“This ultra-speed connectivity demonstrates the advanced capabilities and benefits of 10Gbps Internet,” said Gobind Singh Deo at the ViewQuest event. “It is also a testament to Malaysia’s fast and reliable Internet infrastructure and its game-changing impact on Malaysia’s digital future.”

This ultra-speed internet offers a wealth of potential benefits for businesses across all sectors. Imagine streamlining e-commerce operations with lightning-fast data transfer, facilitating real-time data analysis for informed decision-making, or seamlessly integrating cloud-based applications – these are just a few possibilities.

“Ultra-speed Internet will increase productivity, efficiency, and innovation across all industries, such as e-commerce, agriculture, education, healthcare, finance and even government services. Services and production will be 10x faster – if not more,” highlighted the Minister.

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Minister of Digital, YB Gobind Singh Deo, addressing the media at the launch of ViewQwest’s 10Gbps Fibre Internet.

By embracing high-speed connectivity and modern technologies, Malaysian businesses can not only improve operational efficiency but also foster a culture of innovation. This can lead to the development of new products and services, improved customer experiences, and ultimately, increased competitiveness in the global marketplace.

The benefits extend beyond internal operations. High-speed internet can bridge the digital divide, allowing businesses to connect with customers and partners across the country and beyond. This fosters a more inclusive digital landscape and opens doors to new markets.

However, Minister Deo acknowledges the importance of cybersecurity alongside these advancements. “Laws and policies to safeguard all parties are extremely important as digital technology continues to evolve,” he said. The recently passed Cyber Security Act and amendments to the Personal Data Protection Act demonstrate the government’s commitment to creating a secure digital environment that fosters trust with customers and investors.

As Malaysia embraces this digital revolution, it positions itself as a hub for innovation and a magnet for global investment. Businesses that leverage high-speed connectivity and modern technologies will be at the forefront of this exciting new chapter. The call to action is clear: Malaysian businesses must seize this opportunity to unlock their full potential and thrive in the digital age.

10Gbps Fibre Internet Is Now Offered by ViewQwest in Malaysia

ViewQwest is upping the ante when it comes to fibre connectivity in Malaysia. Hot off the heels of the company’s launch of its 10Gbps network availability in Singapore, it is now bringing the same high-speed connectivity to Malaysia. The Singaporean ISP is beating local ISPs to the punch and opening the offering to the general public.

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The 10Gbps speed offering was launched at one of the first buildings fitted for the network in the heart of Kuala Lumpur – The Stride. The building is one of many sites that are 10Gbps ready. ViewQwest’s new 10Gbps offering will be running on ViewQwest’s own fibre backbone and will provide the speed on a best-effort basis.

That said, the package may not be offered to everyone as it will depend on fibre availability and the available backhaul fibre infrastructure. However, ViewQwest assures that the service will be available in the coming months as infrastructure is rolled out. The package will be offered at a starting price of RM1,800 a month. This pricing doesn’t include any one-time costs that may be incurred during the service installation. Subscription availability will be subject to a site visit. ViewQwest will also be providing WiFi 7 capable routers to fully leverage the speeds that the connection offers.

From left to right = Jurist Francisco Gamban, COO of ViewQwest, YB Gobind Singh Deo, Minister of Digital, Vignesa Moorthy, CEO, ViewQwest, and Christopher Ng, Country Head MY of ViewQwest.
(From left to right) Jurist Francisco Gamban, COO of ViewQwest, YB Gobind Singh Deo, Minister of Digital, Vignesa Moorthy, CEO, ViewQwest, and Christopher Ng, Country Head MY of ViewQwest.

ViewQwest showcased the connectivity at The Stride Strata Suites at a launch event graced by Minister of Digital, Yang Berhormat Tuan Gobind Singh Deo. To showcase the speeds, the company downloaded a 10GB file in about 45 seconds. This process would have taken about 35 minutes at the minimum with regular 1Gbps or 2Gbps connections that are top-of-the-line in Malaysia now. This would have taken at least an hour on regular 300Mbps and 500Mbps connections that are commonplace in Malaysia. The company also showcased downloading Civilization VI on Steam which took all of 30 seconds for the 24GB install.

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The company also did a speed test which showed off the high speeds of the 10Gbps connection. During the test, the network was able to hit about 9.5Gbps peak speeds but averaged about 8.7Gbps. The

Raiz Departs Malaysia: Curtains Close on Micro-Investing Platform

Raiz, the micro-investing platform designed to make investing accessible, has announced its departure from the Malaysian market after four years of operation. This news comes as a surprise to some, as Raiz had positioned itself as a champion of financial inclusion, offering Malaysians a user-friendly platform to start their investment journey.

A Review of Raiz’s Malaysian Chapter

Launched in 2020 by a joint venture between Jewel Digital (a subsidiary of Permodalan Nasional Berhad or PNB) and Raiz Invest Australia, Raiz quickly gained traction among Malaysians seeking a convenient way to invest. Their app-based platform allowed users to start investing with as little as RM1, removing the traditional high barriers to entry associated with investing.

Screenshot 2024 07 17 at 00 59 23 Raiz The 1 Investment App
Source: Raiz

Despite its user-friendly approach, Raiz faced challenges in the competitive Malaysian financial landscape. Established players with robust investment products and extensive branch networks may have posed difficulties for the relatively new platform. Additionally, the relatively young Malaysian micro-investing market itself might not have reached the critical mass necessary for Raiz’s long-term sustainability.

Raiz is committed to ensuring a smooth transition for its Malaysian user base. A dedicated shutdown plan is in place, with RM3 million allocated to facilitate a structured and timely wind-down process. Existing users will be notified of the closure and provided with a timeframe to withdraw their invested funds.

Raiz is attributing its Malaysian exit to a strategic decision to focus on strengthening and expanding its core business in Australia. With a more established micro-investing market and a larger user base, Raiz believes it can achieve greater growth and profitability down under.

What This Means for Malaysian Raiz Users

Raiz’s departure doesn’t necessarily signify the end of micro-investing opportunities in Malaysia. Several local players are vying for a slice of this growing market, offering similar app-based investment platforms with low minimum investment requirements. As Malaysians become more financially savvy, the demand for accessible investment options is likely to remain strong.

For Raiz users in Malaysia, the news might be inconvenient, but not necessarily detrimental. Investors have ample time to withdraw their funds and explore alternative platforms that suit their needs. This could be an opportunity to compare features, fees, and investment options offered by various micro-investing players in the market.

European Union Probe Pushes Apple to Open NFC Access to Third Parties

For years, Apple has faced criticism for its walled garden approach, particularly regarding its Near Field Communication (NFC) technology. Used for contactless payments through Apple Pay, NFC access on iPhones has been exclusive to Apple devices. However, a recent development suggests a significant shift. Facing a potential antitrust fine from the European Union (EU), Apple has agreed to open up its NFC technology to third-party developers.

The EU Flexes Its Muscle

The European Commission launched an antitrust investigation into Apple Pay in 2021, accusing the tech giant of abusing its dominant market position by restricting access to NFC. This essentially limited how other mobile wallets could interact with contactless payment systems. The EU argued that Apple’s practices stifled competition and ultimately harmed consumers by limiting their options.

Person Holding Black Iphone 4
Photo by cottonbro studio

The potential consequences for Apple were significant. The EU can impose hefty fines on companies found guilty of antitrust violations, with fines reaching up to 10% of a company’s global annual revenue. Facing this financial pressure, Apple opted for a strategic move – opening up its NFC technology to appease regulators and avoid a potential billion-dollar fine.

How will this affect end users?

So, what does this mean for consumers? The short answer is more choice and potentially more innovative mobile payment solutions. With access to Apple’s NFC tech, third-party developers can now create mobile wallets that seamlessly integrate with contactless payment systems. This could lead to a wider variety of mobile wallet options, catering to different needs and preferences. It can also open up possibilities to use your iPhone as an access card and more.

For example, imagine a mobile wallet app that integrates loyalty programs or offers additional financial services alongside contactless payments. The possibilities are exciting, and increased competition could ultimately benefit consumers by driving innovation and potentially lowering transaction fees.

It’s important to acknowledge that Apple’s decision isn’t purely altruistic. While the EU probe undoubtedly played a role, Apple likely recognized the potential benefits of opening up access to the iPhone’s NFC. By allowing third-party integration, Apple can potentially expand its reach beyond its own device ecosystem. Imagine a scenario where Android phone users can leverage the iPhone’s secure NFC technology for contactless payments within their existing mobile wallets. This could introduce a whole new segment of users to Apple Pay, potentially strengthening its market position in the long run.

Exciting Possibilities Ahead as Third Parties Gain Access to the iPhone’s NFC

The opening up of the iPhone’s technology marks a turning point in the mobile payment landscape. While the full impact remains to be seen, it has the potential to foster a more competitive and innovative environment. Consumers can expect more choices, while developers can explore new functionalities within mobile wallets. This ultimately benefits everyone, driving progress and pushing the boundaries of what’s possible in the realm of contactless payments.

It’s important to stay tuned for further developments. While Apple has agreed to open up the iPhone’s NFC technology, the specifics of implementation and the timeline remain unclear. Additionally, it will be interesting to see how third-party developers leverage this new access and how Apple itself adapts its mobile payment strategy in response to a more open ecosystem.