Convention casts spotlight on tomorrow’s innovations

Malaysia to garner over US$100m investment from Russian summit

PETALING JAYA: The Malaysian business delegation which recently attended the Volga Investment Summit & World Halal Day 2019 in Samara, Russia is expecting over US$100mil worth of investments over the next three to six months.

Southeast Asia's mobile payments face shakeout as market booms

HO CHI MINH CITY/HONG KONG/SINGAPORE: Just next to Ho Chi Minh City's financial district, two dozen street vendors' stalls display colourful adverts for e-wallets backed by private equity firm Warburg Pincus, ride-hailing firm Grab and Singapore sovereign wealth fund GIC, among others.

Undercover entrepreneurs: fearful Mexican tech startups shun spotlight

MEXICO CITY (Reuters) - In Mexico's burgeoning startup scene, publicity is the last thing many entrepreneurs want.

Investors pour record US$735m into Singapore fintech deals

SINGAPORE: Investors poured a record $735 million into financial-technology ventures in Singapore in the first nine months of this year, according to research from Accenture Plc, which analysed data from CB Insights, Pitchbook and Tracxn.

Factbox: Facebook's Libra in trouble as firms jump ship

(Reuters) - A number of payment processors and fintech companies that joined Facebook Inc's digital currency project Libra with great fanfare earlier this year, have abandoned the project, dealing a blow to the social media giant's plans.

Facebook's Libra faces support test after payment giants jump ship

LONDON (Reuters) - Facebook's Libra cryptocurrency faces a pivotal meeting of backers on Monday, days after the ambitious project to bring digital coins into mainstream commerce suffered a severe setback when major payment firms quit.

Call to do more for rural connectivity

KUCHING: More emphasis should be given to developing Sarawak’s rural and agriculture sectors in Budget 2020, says a Dayak NGO.

E-wallet users to get RM30

PETALING JAYA: There’s another push for Malaysia’s digital development with the government dangling a carrot to promote e-wallets.Malaysians aged 18 years and above and earning RM100,000 and below a year will be entitled to a one-off payment of RM30 that can be claimed from Jan 1 to Feb 29 next year.The RM450mil allocation will benefit 15 million Malaysians. To receive the payment, users will need a verified account with selected e-wallet operators.

Full text of Budget 2020 speech

The Budget with its theme,"Driving growth and equitable outcomes towards shared prosperity," is the second for Pakatan Harapan since the coalition won power.