OneConnect Financial Technology cements presence in Malaysia with new entity; Launch graced by MDEC

SHENZHEN, China, Nov. 26, 2020 /PRNewswire/ — OneConnect Financial Technology Co., Ltd. (NYSE: OCFT), the leading technology-as-a-service platform provider and an associate of Ping An Insurance Group, reaffirms its commitment as the trusted tech partner for financial institutions in Malaysia with the launch of its new entity, OneConnect Smart Technology (Malaysia) Sdn Bhd. In line with its Southeast Asia expansion strategy, Malaysia is a key growth engine where OneConnect plans to build a local team that stands ready to serve financial institutions across Malaysia and support its regional projects. The launch was graced by Dato’ Ng Wan Peng, Chief Operating Officer of the Malaysia Digital Economy Corporation (MDEC).

Malaysia’s fintech space is thriving

Bank Negara Malaysia (BNM) has launched several initiatives in a move to embrace financial inclusion and the shift in banking habits towards digital channels. These include the announcement last year that it will

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AirAsia slashes Malaysia capacity recovery outlook

KUALA LUMPUR (Reuters) – Malaysian budget airline AirAsia Group Bhd on Tuesday slashed its outlook for its home market again although it expects a rebound in December.

FILE PHOTO: Airasia planes are seen parked at Kuala Lumpur International Airport 2, amid the coronavirus disease (COVID-19) outbreak in Sepang, Malaysia October 6, 2020. REUTERS/Lim Huey Teng/File Photo

While encouraged by a resumption of domestic travel in Malaysia, Indonesia and the Philippines during the three-month period ended September 30, AirAsia said a spike in coronavirus cases in Malaysia and subsequent curbs had led it to reduce capacity in the country in October and November.

It halved its projected recovery rate in Malaysia to 31% of its pre-COVID-19 capacity by the year end, after already lowering it to 60% last month from 70-75% in August.

“There is a slight setback in Malaysia but we expect this to be short-lived and to bounce strongly

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One night tracking mysterious colugos across treetops in Malaysia

My companions scanned the treetops with binoculars and a thermal-imaging monocular. I stared at the branches and leaves, pretending I knew what to look for. It was a cool June evening just before sunset on a village road on Langkawi Island, Malaysia.

“There’s one! Up there,” one of the biologists called out. I squinted at the spot, about five meters up the tree trunk, and saw only a brown knob speckled with gray. Where? Then the knob stirred. Its top edge rose and turned, and I was staring into a pair of bulging eyes set on a small head with a short snout.

My first colugo. The size of a house cat, colugos are nocturnal mammals that live in trees. Colugos are also called “flying lemurs,” which is a misnomer because they cannot fly and they are not lemurs. A colugo has a cape of skin that stretches from its

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Greater coordination and strategic planning needed for Malaysia to fully embrace an innovation-driven growth model

KUALA LUMPUR, November 19, 2020 — Strengthening support for Malaysia’s public research organizations (PROs) and universities is crucial to revive growth which is innovation-driven to weather the current global crisis and achieve Malaysia’s aspirations of becoming a high-income nation, a new World Bank report finds.

The report, “Assessing the Effectiveness of Public Research Institutions: Fostering Knowledge Linkages and Transferring Technology in Malaysia” draws its findings from a new survey, which analyzes the levels of knowledge and technology transfer in the country. While research and development (R&D) funding, and improvements to policy have expanded in Malaysia over the years, more can be done as the it transitions to the league of high-income countries  like Singapore, Japan, South Korea in the region and others like Germany, France and the US.

Malaysia has seen rapid growth in the number of scientific publications, but without a corresponding increase in quality. According to data from

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