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Day: July 24, 2024

MALAYSIA FINTECH MARKET VALUE EXPECTED TO REACH US$100 BLN IN THE NEXT FIVE YEARS

KUALA LUMPUR, Malaysia’s fintech market value is expected to double up to US$100 billion (US$1 = RM4.6720) in the next five years. Fintech Association of Malaysia president Wilson Beh said currently the fintech market value is estimated at US$50 billion. He said the development is heavily anchored and built upon a few key milestones which have been built in the market such as the development of DuitNow and the cross-border payment system. “DuitNow is not only used in big cities such as Kuala Lumpur, Johor Bahru or George Town, for even if you go to smaller towns, cashless has become

ASAHI KASEI SELECTS POLYMRIZES TO ADVANCE POLYMER INFORMATICS FOR SUSTAINABLE INNOVATION

ATLANTA, Matmerize, Inc., a leading polymer informatics and materials AI startup, is excited to announce its engagement with Asahi Kasei, a diversified Japanese multinational company. Asahi Kasei operates across three sectors: Material, Homes, and Health Care, with a strong focus on sustainability initiatives and a goal of achieving a carbon-neutral society by 2050. Asahi Kasei aims to leverage Matmerize’s advanced AI algorithms and machine learning capabilities to accelerate the research and development of sustainable polymer formulations. Asahi Kasei’s Material sector, comprising Environmental Solutions, Mobility and Industrial, and Life Innovation, includes a wide array of products from battery separators, electronics, biodegradable

PARIS 2024: MALAYSIA’S QUEST FOR FIRST OLYMPIC GOLD STARTS THURSDAY

PARIS, Malaysia’s quest to end its nearly seven-decade wait for a maiden Olympic gold medal is set to begin on Thursday (July 25) as the archery competitions starts, a day before the 2024 Paris Games’ opening ceremony on Friday. After years of intensive planning and preparations, the organisers are set to host the Paris Games in full force to welcome about 10,500 athletes, and for the first time ever, the opening ceremony will not be held in a traditional closed stadium but on the River Seine, with athletes parading in boats. For Malaysia, the big question is whether the national

AIRASIA X PASSENGER NUMBERS SOAR 42 PCT IN 2Q

KUALA LUMPUR, AirAsia X Bhd carried 880,265 passengers in the second quarter (2Q) of 2024, a 42 per cent year-on-year (yoy) surge, surpassing the 25 per cent yoy growth in its available seat per kilometre (ASK) capacity. In a statement today, the airline said ASK capacity reached 4.39 billion this quarter, up from 3.50 billion in the same period last year. This increase follows the carrier’s efforts over the past 12 months to reactivate aircraft and expand its network to meet growing demand. ‘The airline’s passenger load factor (PLF) charted a robust 83 per cent, up by seven percentage points

IP ON NUR FARAH KARTINI’S MURDER ALMOST COMPLETED – SELANGOR POLICE CHIEF

KUALA LUMPUR, The investigation paper (IP) on the murder of former Universiti Pendidikan Sultan Idris (UPSI) student, Nur Farah Kartini Abdullah is almost completed, Selangor Police Chief Datuk Hussein Omar Khan said. He said the police had also completed the search for evidence of the case. The IP will be submitted to the Deputy Public Prosecutor (TPP) for further action by this Friday, he said when contacted by Bernama. Nur Farah Kartini, 25, was reported missing on July 10 before her body was found in an oil palm plantation in Kampung Sri Kledang, Hulu Selangor, at about 6 pm on