News & Reviews:   investment

The news about Maxis and U Mobile backing out of taking up stakes in Digital Nasional Berhad (DNB) for the 5G deal came out last night. Fast enough, U Mobile has made a statement today to clarify the situation and ensure its customers that 5G services will still get provided through the telco company. 

Touch 'n Go Group has announced a new feature for the Touch 'n Go eWallet app. From now on, users can make investments in the app with GOinvest. TNG Digital CEO Alan Ni said that GOinvest would help all Malaysians to invest and not just be limited to those who can make huge investments.

Senior Minister of International Trade and Industry (MITI), Datuk Seri Mohamed Azmin Ali yesterday announced that Malaysia has secured nearly RM2 billion investment from semiconductor company TF AMD Microelectronics (Penang) Sdn Bhd. This is following the handover of Malaysian Investment Authority’s (MIDA) approval letter to the company.

Senior Minister of International Trade and Industry (MITI), Datuk Seri Mohamed Azmin Ali yesterday announced that Malaysia has secured nearly RM2 billion investment from semiconductor company TF AMD Microelectronics (Penang) Sdn Bhd. This is following the handover of Malaysian Investment Authority’s (MIDA) approval letter to the company.

In case you didn't know, Intel has a branch in Penang, Malaysia and it was recently announced by Bloomberg.com that there's an upcoming investment. According to the source, Intel Corp will be spending $7 billion to build a new chip packaging facility to address the "endemic global semiconductor shortages".

By now, many Touch 'n Go eWallet app users should have spotted the new GO+ function inside. But if you're somehow still under the rock, GO+ is a new financial investment feature that allows the users to have a low-risk money market investment. Malaysians can invest as low as RM10.

It looks like the US government is now after Xiaomi for the same reason that they imposed a trade ban on HUAWEI. Earlier, it was reported that US individuals or companies are not allowed to invest in the Chinese tech company anymore as it was added to the blacklist of companies suspected of having ties to the ruling Chinese Communist Party. However, the good news has arrived today with an official statement from Xiaomi claiming that the restriction has now been removed.

Apple entering the car business is not the latest news anymore as the rumours have been roaming around for years. Earlier, it was reported that the tech giant has finally taken the first step by choosing Hyundai as a partner for car production. Now, the deal might be closed soon as Apple is reportedly going to invest 3.6 billion USD (~RM14 billion) in Hyundai's subsidiary Kia.

Apple entering the car business is not the latest news anymore as the rumours have been roaming around for years. Earlier, it was reported that the tech giant has finally taken the first step by choosing Hyundai as a partner for car production. Now, the deal might be closed soon as Apple is reportedly going to invest 3.6 billion USD (~RM14 billion) in Hyundai's subsidiary Kia.

It seems that Xiaomi has recently been placed in the US government’s blacklist, which means that US investors will not be allowed to purchase shares from Xiaomi. Unlike Huawei, Xiaomi is still able to import and use technologies from the US without a need for a license.

Go-Jek has announced that it is now fully available in Singapore as part of their 500 million USD investment to expand their services across South-east Asia which includes countries such as Thailand, Vietnam and Philipines up next.