PETALING JAYA, 14 January 2020 - realme Malaysia today launched its True Wireless Smart Assistant realme Buds Air together with a new addition to the realme 5 Series family, the realme 5i. These products are testimonial for the brand to continue leap forward in being the tech lifestyle brand that delivers leap forward performance products which enhances the life of Malaysian youths.
“We have had an amazing year and Malaysians can be sure that realme continues to bring more leap forward products while staying true to our mission and vision. Today, we will be kicking off the year with another key milestone as we are going truly wireless with realme Buds Air. We are also bringing another addition to our 5 Series family with our Quad Camera Battery Hero realme 5i. Here at realme Malaysia, we are thrilled for our journey in 2020 as we are bringing fans another step closer to both technology and lifestyle,” said Tiffany Teh, Brand Manager of realme Malaysia.
Attributed to Iskandar Ezzahuddin, Chief Executive Officer of Setel
Over the past few years, e-wallets have become widely used in Malaysia, with 2019 being a watershed year of growth. This comes as no surprise, as Malaysia has evolved to become a prime market for fintech. Such growth is driven by a strong infrastructure development and high penetration in mobile and internet services amongst the population. According to the Malaysian Communications and Multimedia Commission (MCMC), Malaysia has a mobile penetration of over 130% and an internet broadband penetration of over 120%. Since e-wallets were first introduced in the country, over 40 e-wallet licenses have been issued by Bank Negara Malaysia to date.
The Securities Commission Malaysia (SC) today published the Guidelines on Digital Assets (Guidelines) that outlines the framework for fundraising through digital token offering in Malaysia.
As stated in the SC’s earlier consultation paper on the “Proposed Regulatory Framework for The Issuance of Digital Assets Through Initial Coin Offerings”, an Initial Coin Offering allows a company with an innovative business proposal to raise capital before it is able to do so through venture capitalists or lenders. It also allows the company to raise funds without selling their equity or taking out a debt while developing their innovative ideas.