Tag: Information Technology
Malaysian banks rating intact despite US bank failures – RAM Ratings
RAM Ratings assesses Malaysian banking sector's strength, noting less than 25% bond investments and robust regulatory oversight differentiating local banks from SVB's risky investment strategy.
Silicon Valley Bank (SVB) Financial seeks bankruptcy protection as banking turmoil persists
Silicon Valley Bank's parent company filed for bankruptcy protection, marking the largest bank collapse since 2008. The move follows regulatory takeover and aims to manage asset sales amid industry uncertainty.
Silicon Valley Bank SVB run exposes rifts in venture capital world
The failure of Silicon Valley Bank exposed deep rifts in the venture capital world, with investors publicly criticizing each other's actions during the bank run. Many VCs urged their portfolio companies to withdraw funds, potentially contributing to the bank's rapid collapse and highlighting internal industry tensions.
TM, ZTE Malaysia team up to build hybrid cloud 5G core network
Telekom Malaysia and ZTE Malaysia have partnered to develop a hybrid cloud 5G core network, focusing on cutting-edge technologies like software-defined networking, hardware acceleration, and three-layer decoupling. This strategic collaboration aims to enhance Malaysia's 5G ecosystem and transform data processing capabilities.
South Korea chip inventory climbs the fastest in 27 years
South Korea's semiconductor inventory jumped 28% in January, marking the fastest increase in 27 years. The spike reflects a prolonged tech downturn affecting the nation's export-driven economy, with chipmakers contributing 12% of total exports and facing declining global demand amid geopolitical tensions.
EV-related stocks advance after Tesla gets approval to import electric vehicles into Malaysia
Following Miti's approval for Tesla to import battery electric vehicles, several Malaysian EV-linked stocks experienced significant gains, including KESM Industries, Pentamaster, and Genetec Technology.
