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MIHAS 2026 Delivers RM6.78 Billion In Sales, Expanding Opportunities For Malaysian Businesses And SMEs


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 29 September 2026 – MIHAS 2026 has delivered a strong four-day performance, recording total sales of RM6.78 billion from 23 to 26 September 2026 — an increase of RM730 million or 12.0% compared with RM6.05 billion recorded in 2025.

The achievement also exceeded the RM5.0 billion sales target by RM1.78 billion, or 35.5% increase, further reinforcing MIHAS’ role as a key halal marketplace for connecting Malaysian businesses with international markets and translating trade engagements into commercial opportunities.

Commenting on the outcome, Dato’ Indera Abu Bakar Yusof, Chief Executive Officer of MATRADE, said, “MIHAS 2026 demonstrates that the platform is not only growing in terms of sales, but is also creating greater opportunities for Malaysian businesses, particularly Small and Medium Enterprises (SMEs), to access international markets. We remain committed to strengthening SMEs and Mid-Tier Companies (MTCs) to expand into global markets especially the emerging and non-traditional markets.”

“The RM6.78 billion in sales achieved at MIHAS 2026 represents valuable opportunities. With the integration of Agentic AI, MIHAS is evolving into a more connected and digitally enabled trade facilitation ecosystem, helping Malaysian companies identify potential buyers, build meaningful business relationships and pursue new export opportunities beyond the exhibition floor. Under the MADANI Digital Trade Platform (MDTP), we shall provide Malaysian exporters with continuous connectivity with global buyers and support them in securing sustainable export opportunities,” he added.

MIHAS 2026 attracted 69,104 visitors from 93 countries, up from 50,340 visitors in 2025 — an increase of 18,764 visitors or 37.3%, the highest since its inception in 2004. The event also brought together participating exhibitors and INSP buyers from 58 countries, further strengthening MIHAS’ international reach and appeal as a global halal trade exposition.

The growth was supported by strong performance across the key components of MIHAS. The International Sourcing Programme (INSP) generated RM4.02 billion, compared with RM3.63 billion in 2025, representing an increase of RM394.5 million or 10.9%. INSP facilitates structured business meetings between Malaysian sellers and international buyers, creating targeted opportunities for sourcing, business matching and potential export transactions.

Meanwhile, the MIHAS Exhibition recorded approximately RM1.99 billion, compared with RM1.89 billion in 2025, an increase of RM103.9 million or 5.5%. Among the top products driving exhibition sales were processed food and confectionery, food technology and packaging, frozen food, and fertilisers and agrochemicals, reflecting the diverse range of halal products showcased at MIHAS.

Creating More Opportunities for Malaysian SMEs

Importantly, the success of MIHAS is also reflected in its sustained contribution to Malaysian SMEs.

At MIHAS Exhibition 2026, Malaysian SMEs generated RM620 million in sales, compared with RM557 million in 2025, representing an increase of approximately RM63 million or 11.3%. This builds on the strong growth recorded over the past six editions, with SME participation increasing from 64 companies in 2021 to 339 companies in 2026, representing a significant 429.7% increase.

The strong performance of Malaysian SMEs comes against the backdrop of Malaysia’s growing halal export sector. Malaysia’s halal exports reached RM68.52 billion in 2025, an increase of 10.9% from RM61.79 billion in 2024. Under RMK13, Malaysia has set a target of RM80 billion in halal exports, highlighting the significant opportunity for Malaysian companies, particularly SMEs, to further expand into international markets.

MIHAS 2026 continues to support this ambition by providing Malaysian SMEs with access to international buyers, business matching, sourcing opportunities and digital tools to expand their market reach and strengthen their export capabilities.

AI Transforming Business Connections

The 2026 edition also marked a significant step forward in MIHAS’ digital transformation through the integration of Agentic AI.

More than 22,000 AI-assisted business appointments were generated during MIHAS 2026, demonstrating how AI is transforming the way businesses connect and pursue new trade opportunities.

Of these AI-assisted appointments, 324 matches reported RM28 million in sales associated with these completed AI-assisted appointments.

Importantly, the AI platform will continue to operate until 2027, enabling participating businesses to continue connecting, engaging with potential buyers and pursuing new trade opportunities beyond the four-day exhibition.

Overall, MIHAS 2026 demonstrates how the trade platform is evolving beyond a conventional trade exhibition — combining strong sales performance, growing international participation, SME development and AI-powered business matching to create a more connected and digitally enabled trade facilitation ecosystem for Malaysian businesses.

Hashtag: #MIHAS2026

The issuer is solely responsible for the content of this announcement.

Malaysia International Halal Showcase (MIHAS) 2026

Since it began in 2004, the Malaysia International Halal Showcase (MIHAS) has grown into a major platform for Halal trade and has helped strengthen the global industry’s position in Halal standards, governance, and market access.

Recognised as a Guinness World Records holder and hosted by the Ministry of Investment, Trade and Industry (MITI) with the Malaysia External Trade Development Corporation (MATRADE) as organiser, MIHAS now covers 14 sectors, from food and beverages and pharmaceuticals to Islamic finance, modest fashion, personal care, technology, services, and Muslim-friendly tourism. The 22nd edition of MIHAS, themed “Shaping Trust, Driving Resilience”, will focus on regulated-by-design governance and technology-enabled trade.

MATRADE

The Malaysia External Trade Development Corporation (MATRADE) was established on 1 March 1993 as the national trade promotional arm under Malaysia’s Ministry of Investment, Trade and Industry (MITI).

MATRADE’s primary role is to assist Malaysian exporters in developing and expanding their export markets. Aligned with Malaysia’s commercial diplomacy efforts, MATRADE is the nation’s trade facilitator and champion of Malaysian-made products and services on the global stage.

AsiaPay Pilot Launches Voice Pay for merchants in Asia

An AI-Powered UI for Smarter Convenient Payments

HONG KONG, Sept. 29, 2026 /PRNewswire/ — AsiaPay, a leading digital payment service and technology provider in Asia, announced on 23 September 2026 the pilot  launch of Voice Pay, an AI-powered voice payment experience that lets consumers speak into their mobile device and instruct payment using their preferred payment method — from digital wallets to cards. Voice Pay brings secure, hands-free checkout to everyday commerce, making payments faster, more accessible and more intuitive for consumers while helping merchants increase conversions and reduce friction.

With Voice Pay, customers can confirm purchases through natural speech on their mobile phone or other supported device. Behind the scenes, AsiaPay connects the voice instruction to the customer’s chosen payment method, while its intelligent payment engine manages authentication, routing, fraud protection and processing.

With the voice payments market set to nearly double from $10.9 billion in 2025 to $22.7 billion by 2030, and 81% of consumers already using voice technology weekly, early adopters are recovering 35% of abandoned carts via AI voice agents. As the payments industry shifts from static rules to adaptive AI, AsiaPay is embedding further intelligence into fraud scoring and routing.

“The way consumers shop is changing – and so is the way payments are processed behind the scenes,” said Joseph Chan, CEO of AsiaPay. “With Voice Pay, we are giving merchants a voice front-end to an AI-powered payment interface that reduces friction for customers and improves economics for businesses. In an industry where payment networks and PSPs are racing to embed AI into their infrastructure and service, Voice Pay is AsiaPay’s answer paving the way for agentic commerce.”

AsiaPay Voice Pay is built for immediate use. Existing AsiaPay merchants can unlock this new user experience instantly with Zero-Code Enablement—requiring no development effort or system changes. For new merchants, the API-based gateway integration ensures smooth deployment across leading eCommerce platforms, supporting multi-wallet compatibility including Apple Pay, Google Pay, WeChat Pay, Alipay, and Octopus and others in Asia, with built-in biometric and tokenized security.

About AsiaPay

Founded in 2000, AsiaPay, a premier digital payment service and technology solution provider, strives to bring advanced, secure, integrated, and cost-effective electronic payment processing solutions and services to banks, corporations, and e-Businesses in the worldwide market, covering an array of prevailing international credit card, debit card, prepaid card, net banking, wallets, BNPL and QR code payment.

Headquartered in Hong Kong SAR, AsiaPay also offers its professional advanced digital payment service and solution consultancy, and quality local service support from its 17 offices across the Asia Pacific region including Australia, Thailand, Philippines, Singapore, Malaysia, Mainland China, Taiwan region, Vietnam, Indonesia, Cambodia and India.

For more information, please visit www.asiapay.com.

Sensitive Choice-Certified Coway Airmega Offers Trusted Relief for Spring Allergy Season

  • Highlights Sensitive Choice certified Airmega 350 for open-plan living alongside 11-time Wirecutter winner Airmega Mighty
  • Offers up to 44% off on Amazon Australia Prime Big Deal Days to support 2.8 million Australians living with respiratory conditions

SYDNEY, Sept. 29, 2026 /PRNewswire/ — Coway, South Korea’s leading wellness tech company, today announced a major spring allergen campaign in Australia, offering discounts of up to 44% on its National Asthma Council Australia ‘Sensitive Choice’ certified air purifiers during Amazon Australia’s Prime Big Deal Days. To support the 2.8 million Australians living with respiratory conditions and help households breathe easier this allergen season, exclusive discounts will be available on Amazon Australia from Tuesday, September 29 to Monday, October 5, 2026.

Sensitive Choice-Certified Coway Airmega Offers Trusted Relief for Spring Allergy Season
Sensitive Choice-Certified Coway Airmega Offers Trusted Relief for Spring Allergy Season

Preparing Early to Counter Australia’s Springtime Pollen Spike

For millions of Australians, spring brings long-awaited sunny days alongside severe seasonal health challenges. According to the Australian Institute of Health and Welfare (AIHW), 25% of Australians suffer from allergic rhinitis (hay fever), and 2.8 million live with asthma in 2022. In Southern Australia, the grass pollen season peaks sharply through October and November. As airborne triggers reach their highest levels, maintaining clean indoor air becomes vital for managing asthma and allergy symptoms.

Coway Airmega: Certified Relief with Sensitive Choice

To help households navigate these seasonal triggers, Coway reinforces its commitment to healthier indoor living through products approved under the National Asthma Council Australia’s Sensitive Choice® program. Established to help consumers identify products independently assessed to reduce exposure to triggers, the program highlights the effectiveness of advanced filtration.

Both the Airmega 350 and Airmega Mighty (AP-1512HH) feature Coway’s HEPA filter system, which is independently tested to capture 99.97% of ultra-fine particles down to 0.3 microns. This technology effectively removes airborne particulate matter, including pollen, mold spores, and dust mite allergens.

Customized Air Care for Every Home Environment

The featured Airmega models offer tailored solutions for diverse Australian residential layouts. Both models incorporate intuitive technologies, including a Real-Time Air Quality Indicator (AQI) and Smart Auto Mode, which automatically adjusts fan speeds based on real-time pollution levels for continuous pollen defense.

  • Airmega 350: Specifically engineered for expansive spaces up to 182 m² , this flagship model is ideal for typical Australian open-plan living, dining, and kitchen areas. Its aerodynamic high-capacity airflow system rapidly purifies large volumes of indoor air during peak outdoor pollen penetration. Also, an optional Allergen Filter is available for separate purchase.
  • Airmega Mighty (AP-1512HH): Designed for spaces up to 109 m², the Mighty is a global bestseller named “Top Pick Air Purifier” by The New York Times’ Wirecutter for 11 consecutive years (2015–2026). Ideal for master bedrooms and dedicated care spaces, it also offers an optional Allergen Filter(sold separately) for targeted relief during sleep.

During the Amazon Australia Prime Big Deal Days, Coway is offering 30% to 44% off complete air purifier units and 30% off replacement filters.

For more information or to purchase Coway’s Airmega air purifiers, visit the Coway Amazon Australia Brand Store or au.coway.com.

About Coway Co., Ltd.

Established in Korea in 1989, Coway (KRX: 021240), the “Best Life Solution Company,” is a leading global innovator dedicated to enhancing everyday life through state-of-the-art environmental home appliances and premium wellness solutions. Renowned for its industry-leading water purifiers, air purifiers, and bidets, Coway expands its premium sleep and wellness brand, BEREX, to advance the global lifestyle sector with smart mattresses and advanced massage chairs. Driven by intensive research and award-winning engineering, Coway continues to accelerate its business across major markets, including Malaysia, the USA, Thailand, China, Indonesia, Vietnam, and Europe. For more information, please visit http://www.coway.com/ or http://newsroom.coway.com.

 

iRegene Therapeutics’s NouvSight001 Cleared for Clinical Trials in the U.S. and China for Retinitis Pigmentosa

– Following its Parkinson’s disease program, iRegene advances another off-the-shelf cell therapy into clinical development in the U.S. and China.

CHENGDU, China, Sept. 29, 2026 /PRNewswire/ — iRegene Therapeutics Co., Ltd. (“iRegene” or the “Company”), a biotechnology company pioneering chemically induced allogeneic cell therapy, today announced that its investigational cell therapy NouvSight001 has received clearance from China’s National Medical Products Administration (NMPA) for a Phase I/III clinical trial in patients with retinitis pigmentosa (RP) to evaluate its safety, tolerability and preliminary efficacy.

The U.S. Food and Drug Administration (FDA) has also cleared NouvSight001 for a Phase I/II clinical trial for the same indication and granted a special exemption.

NouvSight001 is an allogeneic, off-the-shelf photoreceptor cell therapy developed using iRegene’s proprietary “AI + Chemical Induction” (“AI + Chem”) platform. As a cell replacement therapy, NouvSight001 is not limited to patients with a specific disease-causing genotype. The regulatory clearances in the U.S. and China mark another milestone in iRegene’s global product development.

The company has built a regenerative medicine pipeline focused on major diseases associated with the structural burden of an aging global population, including Parkinson’s disease (PD), multiple system atrophy (MSA), retinal degenerative diseases and ischemic stroke. Its pipeline now spans the central nervous system, visual system and neurovascular system.

From a Single Global Program to a Repeatable Global R&D Model

iRegene’s “AI + Chem” platform is designed to identify and characterize key biological networks that determine cell fate and function, and to precisely regulate these networks using small molecules.

Through this approach, iRegene aims to make complex cell differentiation processes more predictable, controllable, reproducible and scalable for therapeutic manufacturing.

As multiple programs generated from the same platform move into international clinical development, iRegene is beginning to show the platform’s applicability across different cell types and disease areas.

NouvSight001 expands iRegene’s pipeline into retinal regenerative medicine, an area with significant unmet medical need. The program has now been cleared for clinical development in both the U.S. and China. This marks another step toward iRegene’s “one platform, multiple products, global development” model, a key capability for a global platform biotech.

Advancing Global Clinical Execution Across the U.S. and China

Following FDA Orphan Drug Designation in 2024, NouvSight001 has now received clinical trial clearances from both the NMPA and FDA, as well as a special exemption from the FDA. This further demonstrates iRegene’s ability to advance internally developed therapies into U.S. clinical development under global regulatory and development standards.

Although iRegene’s programs address different diseases, target tissues and clinical settings, they share a common set of underlying capabilities: global regulatory strategy; CMC and quality systems established to meet FDA and NMPA requirements; manufacturing capabilities for allogeneic, off-the-shelf cell therapies; cross-border cold-chain and supply-chain capabilities; clinical development capabilities in the U.S. and China; and an R&D platform designed to continuously generate new therapeutic candidates.

For iRegene, globalization is therefore moving beyond regulatory clearance into what it calls “global clinical execution.” This requires coordination across R&D, manufacturing, quality, regulatory affairs, supply chain and clinical operations.

Building a Global Regenerative Medicine Pipeline for Aging-Related Diseases

As populations age worldwide and healthcare needs evolve, iRegene is focused on the fundamental challenge of restoring cells and tissue functions lost to disease and aging.

Rather than developing a single cell therapy, iRegene aims to build a technology platform capable of continuously generating new regenerative medicine products. The company has built a pipeline across several major disease areas. Its programs seek to restore functions lost to disease, including neural circuits and vision, and to repair damaged neural tissue.

Through these programs, iRegene is building a regenerative medicine portfolio around key functions lost to aging and disease. The company aims to move more of these therapies into global development while building toward commercial scalability.

“Globalization has been embedded in our R&D system since the company was founded,” said Tianshi Ruan, Chief Financial Officer of iRegene Therapeutics. “NouvNeu001 has given us hands-on experience advancing an iPSC-derived cell therapy across both the NMPA and FDA regulatory frameworks. NouvSight001 allows us to apply that experience to ophthalmology, a very different disease and tissue setting.”

“The same underlying technology platform allows us to advance our pipeline globally and more efficiently. Going forward, we will continue to advance our core programs in clinical development in the U.S. and China, while actively exploring global multicenter studies and international commercial partnerships.” Ruan added.

About Retinitis Pigmentosa

Retinitis pigmentosa (RP) is a group of inherited retinal degenerative diseases affecting approximately 1.5 million people worldwide. It typically begins with night blindness and progresses to peripheral vision loss and, in some cases, blindness. The only approved therapy is limited to patients with biallelic RPE65 mutations, who represent a small fraction of the RP population. Most patients still have no disease-modifying treatment options.

About iRegene Therapeutics

iRegene Therapeutics is a platform biotechnology company developing regenerative medicines for major aging-related diseases worldwide. At the core of the company is its proprietary “AI + Chem” platform, combining artificial intelligence, systems biology and chemical biology to identify and control key biological networks that determine cell fate and function. iRegene uses this approach to develop allogeneic, off-the-shelf cell therapies designed for standardized, scalable manufacturing.

Media Contact: PR@iregene.com

YR Fitness Plans to Expand One-Stop Gym Solutions With Design and Fit-Out Services

SHANGHAI, Sept. 29, 2026 /PRNewswire/ — YR Fitness has announced plans to expand its existing one-stop commercial gym solution with design and fit-out services, allowing gym owners to manage more of a complete project through one partner.

The new services will be introduced in phases based on market and project needs.

“Opening a gym already means managing enough moving parts,” said George Yang, founder and chief designer of YR Fitness. “If we can make equipment sourcing, planning, delivery and after-sales easier, we should. The next step is helping customers manage more of the project through the same team.”

A Complete Equipment Offering, Under One Commercial Standard

YR’s product foundation is strength equipment, which it has developed and manufactured in-house for nearly 30 years.

For cardio and accessories, YR works with specialist manufacturing partners focused on those categories. A treadmill, a dumbbell and a strength machine require different manufacturing expertise, so YR works with the right specialists while keeping product standards and responsibility under YR.

YR is involved in supplier selection, specifications, key components, sample and durability testing, final inspection and product improvements based on customer feedback.

Different categories can come from different specialists. But whatever YR supplies, YR takes responsibility for.

Fewer Suppliers, Fewer Things to Manage

Customers can source strength equipment, cardio, accessories, gym planning and layout, customization, shipping and after-sales support through YR, either as a complete package or by category.

For gym owners, that can mean fewer suppliers, fewer handoffs, fewer shipments to coordinate and fewer after-sales systems to manage. Technical support, spare parts and product issue resolution are coordinated through one channel.

One partner. One commercial standard. One after-sales team.

YR also considers long-term supply consistency for operators opening new locations or replacing equipment over time.

The Next Step in the One-Stop Model

Design and fit-out are the next planned extension of this model. The goal is to help customers manage more of the journey from an empty space to an operating commercial gym through the same partner, while keeping equipment, project coordination and after-sales connected.

About YR Fitness

Founded in 1997, YR Fitness provides one-stop commercial gym solutions, supplying strength equipment, cardio and accessories together with planning, customization, delivery and after-sales support. YR specializes in original strength-equipment design and serves customers in more than 110 countries.

Website: www.yanrefitness.com

Zoomlion Signs US$300 Million Credit Insurance Policy and Initial US$50 Million Non-Recourse Factoring Agreement

SHANGHAI, Sept. 29, 2026 /PRNewswire/ — Zoomlion Heavy Industry Science & Technology Co., Ltd. (“Zoomlion”) signed a US$300 million portfolio credit insurance policy and an initial US$50 million non-recourse factoring agreement at the Zoomlion 2026 Global Financial Partners Summit and Signing Ceremony in Shanghai on September 11, establishing a tiered insurance-and-financing framework for overseas installment receivables as its international business grows.

Developed over six months with international insurers and financial institutions, the arrangement combines portfolio credit insurance with non-recourse factoring. In practical terms, overseas installment receivables covered by the insurance policy can be factored with an overseas bank on a non-recourse basis. This gives Zoomlion a structured way to manage and finance overseas receivables rather than handling them transaction by transaction. The framework is designed to turn these receivables into scalable, standardized and replicable investment-grade assets.

At the signing ceremony, the US$300 million policy was signed with a double-A-rated international insurer and leading institutions, while the initial US$50 million non-recourse factoring agreement was signed with an overseas bank.

The agreements come as Zoomlion continues to expand internationally. In the first half of 2026, the company’s international revenue rose 12.45% year over year to RMB 15.54 billion (approximately US$2.31 billion), accounting for 57.25% of total revenue.

Zoomlion CFO Du Yigang reviewed the company’s cooperation with global financial partners and outlined its progress and future plans for overseas financial and insurance services.

“Zoomlion will continue to uphold the values of Integrity, Dedication, Inclusiveness and Responsibility and deepen mutual trust with our financial partners,” said Du.

More than 40 financial and insurance partners from Singapore, Indonesia, Thailand, France, Kazakhstan, Hong Kong SAR and other markets attended the summit. Discussions covered the global macroeconomic outlook, overseas financial and insurance strategies, regional market opportunities, exchange and interest rate trends, and insurance innovation. The Economist Corporate Network (ECN) led a morning session on macroeconomic and geopolitical trends, while representatives from Radana and Alfa-Bank shared perspectives on market and financing developments.

Xu Xiaoming, General Manager of Zoomlion’s Financial Business Management Department and Credit Insurance Department, discussed future cooperation, while Deputy General Manager Yan Xin introduced the company’s overseas third-party financing and insurance strategy and cooperation models.

Looking ahead, Zoomlion plans to deepen cooperation with global financial and insurance partners and further develop scalable and replicable financial and insurance solutions to support its international growth.

EASY GOLD Increases Gold Collateral to LAK 303 Billion, Reinforcing Trust, Raising Standards for Laos’ Gold Industry

EASY GOLD has increased its gold collateral to a total of 50 kilograms, valued at approximately LAK 153 billion (USD 6.8 million)
EASY GOLD has increased its gold collateral to a total of 50 kilograms, valued at approximately LAK 153 billion (USD 6.8 million). (Photo supplied)

EASY GOLD has increased its gold collateral to a total of 50 kilograms, valued at approximately LAK 153 billion (USD 6.8 million) as the company aims at strengthening customer confidence and supporting the continued development of Laos’ gold trading sector.

The announcement was made on September 28 at the Ministry of Industry and Commerce, Vientiane, Laos, during a ceremony confirming the company’s third increase in its collateral for gold trading conducted through the EASY GOLD app.

With the latest arrangement, EASY GOLD has now added a further 50 kilograms of gold, equivalent to approximately LAK 153 billion (USD 6.8 million), as collateral with Lao Bullion Bank. This marks another important step in the company’s ongoing expansion of its gold trading operations.

Speaking at the ceremony, Chanthavong Phamisith, CEO of EASY GOLD and Khamphouvong Group said the latest increase reflects EASY GOLD’s commitment to conducting its business with integrity, responsibility and long-term commitment, while strengthening confidence among users and operating within the relevant regulatory framework.

The company also expressed its appreciation to the relevant government agencies, particularly the Department of Domestic Trade, for their guidance, support and efforts to promote the participation of the private sector in the country’s economic development.

“This trust will be another driving force for EASY GOLD to continue developing its business and contribute to raising standards across Laos’ gold industry,” the company said.

The latest increase follows EASY GOLD’s previous collateral agreement with the Lao Development Bank (LDB). The company initially placed a collateral of LAK 100 billion (USD 4.4 million), followed by an additional LAK 50 billion (USD 2.2 million), bringing the total to LAK 153 billion (USD 6.6 million) on October 13, 2025.

The company also plans to continue developing the EASY GOLD app and introduce activities and educational content aimed at helping younger generations better understand personal finance, saving in gold, financial planning and gold investment.

Beyond its business operations, EASY GOLD said it sees financial education as an important part of making gold-related financial knowledge more accessible to a broader audience.

Skyro Obtains Moneylending Licence in Malaysia Following Success in the Philippines


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 29 September 2026 – Skyro, a high-growth consumer finance group, today announced that its Malaysian entity now holds a moneylender’s licence issued by the Ministry of Housing and Local Government (KPKT), authorising it to conduct online moneylending in Malaysia, which will become its second market in Southeast Asia following the Philippines. The company plans to launch its first product in Malaysia, cash loans, in the coming months.

Founded in 2022, Skyro has already established a strong presence in the Philippines, where it uses an AI-powered credit-scoring model designed to serve customers who may be underserved by traditional banks. Since its founding, the company has disbursed more than USD 600 million in loans, expanded its user base to more than 7 million and reached operating break-even in the first half of 2026.

Skyro plans to adapt the business model that has proven successful in the Philippines to the Malaysian market. The company enters Malaysia as the country’s consumer credit sector is undergoing significant regulatory reform, following the introduction of the Consumer Credit Act 2025 and the establishment of the Consumer Credit Commission.

Arsen Liametov, Co-founder and Co-CEO of Skyro, said:

“We use advanced AI-based scoring tools to provide convenient and intuitive credit products to people underserved by traditional banks. Our success in the Philippines gives us confidence in this approach, which we plan to adapt for other markets across Southeast Asia and beyond.”

With a population of around 35 million, Malaysia represents an important market for the expansion of digital financial services. While most of the population has access to bank accounts, consumers with limited credit histories or without verified income may find it difficult to obtain traditional bank loans. In the Philippines, Skyro uses AI and alternative data to assess creditworthiness, and it intends to apply a similar approach in Malaysia that has been adapted to local conditions and regulatory requirements.

Nasim Aliev, Co-founder and Co-CEO of Skyro, said:

“Ambitions shouldn’t have to wait. Across Southeast Asia, we see the same pattern: hardworking people are held back not by a lack of effort but by a temporary cash gap standing between them and a real opportunity. In Malaysia, we plan to develop credit products that give people a solution to this challenge while ensuring full control and transparency over their spending.”

Skyro plans to enter the Malaysian market with cash loans and intends to introduce further credit products in Malaysia over time. Skyro has also announced plans to expand into other markets, including Saudi Arabia, and to build an ecosystem of financial products.

Hashtag: #Skyro

The issuer is solely responsible for the content of this announcement.

About Skyro

Skyro is a high-growth, digital-first fintech group delivering scalable, responsible financial access across high-potential emerging markets. Powered by proprietary data science, AI-driven credit decisioning, and alternative-data scoring, the company combines a mobile-native experience with modular fintech architecture to serve underserved client segments at scale.

As of 2026, Skyro has a registered user base of more than 7 million and a credit portfolio exceeding USD 200 million. The company’s ambition is to become a leading full-spectrum financial services group across high-potential markets by combining capability proven at scale with a commitment to building each business around the needs of the market it serves.