August 13, 2025
Tech News
Perodua and Maybank Islamic have launched the new Perodua Flexiplan, a groundbreaking Shariah-compliant car ownership scheme. This plan allows customers to enjoy more affordable monthly payments for their new vehicles and offers options after five years, including trading in for a new model based on guaranteed residual value.
As technology continues to seep into every aspect of life, Miele has introduced the Guard L1 Electro canister vacuum, its first connected model. Priced at $1,499, the vacuum boasts a built-in touchscreen and Wi-Fi connectivity, allowing users to check status updates and order replacement bags directly through a mobile app.
In a strategic pivot, Revel has decided to cease its rideshare operations and refocus on electric vehicle charging infrastructure. The move is motivated by fierce competition from established rideshare companies. Revel plans to sell its existing fleet and invest in establishing fast-charging stations across major cities.
Meanwhile, Sea Ltd has surpassed quarterly revenue expectations, primarily driven by impressive growth in its e-commerce platform, Shopee, and gaming segment, particularly with the popular mobile shooter game “Free Fire.” The company reported a significant surge in revenue across all its divisions, fueling a strong uptick in its stock price.
Tech Explained
Residual Value – This term refers to the estimated worth of a vehicle at the end of a leasing period. Customers can use the guaranteed residual value offered by Perodua to offset their next payment when trading in for a new car.
Shariah-compliant Financing – This type of financing adheres to Islamic law, prohibiting interest (riba). Perodua’s Flexiplan is a Sharia-compliant scheme designed to offer ethical and fair financial solutions for car ownership.
Smart Vacuum Cleaner – A technologically advanced vacuum like the Miele Guard L1 Electro features connectivity options, enhancing user interaction and maintenance management through their Wi-Fi-enabled mobile app.
Electric Vehicle Charging Infrastructure – This term encompasses the networks of charging stations needed to facilitate electric vehicle usage. Revel’s shift in focus aims to expand this essential infrastructure, catering to the growing demand for electric vehicles.
Gross Merchandise Value (GMV) – GMV represents the total sales value of merchandise sold through an online platform, crucial for assessing e-commerce performance. Sea Ltd reported a 28% increase in GMV, showcasing the strong growth of its Shopee platform.
