Malaysia’s Sunway mulls sale of healthcare unit stake to Singapore’s GIC

Malaysian drone firm Aerodyne in talks to raise $100m Series C, may enter unicorn club

Creador-backed Malaysia’s CTOS signs 20 cornerstone investors for $290m IPO

Malaysia’s Sunway to apply for digital banking licence

Kuala Lumpur, Malaysia. Photo: Pixabay Malaysian conglomerate Sunway Bhd on Thursday said it plans to apply for an online-only banking licence with undisclosed partners to expand in the financial technology (fintech) sector. The group, in an email to Reuters, said it aims to build a fintech ecosystem for individuals as well as for micro, small […]

Malaysia’s Axiata says merger with Telenor to be sealed within days

FILE PHOTO – A security officer guards in front of the Axiata headquarters building in Kuala Lumpur May 28, 2014. REUTERS/Samsul Said Malaysian telecoms firm Axiata Group Bhd and Norway’s Telenor ASA will seal a deal to merge their Malaysian mobile operations within days, Axiata‘s CEO said on Tuesday. Both companies have concluded the due diligence process and are hopeful to sign the agreement […]

Malaysia’s construction group IJM Corp accepts KLK’s offer for plantation biz

The KL Tower is seen, with a background of the cityscape in Kuala Lumpur, Malaysia. Malaysian construction group IJM Corporation Bhd has accepted Kuala Lumpur Kepong Bhd’s (KLK) 1.53 billion ringgit ($372.63 million) cash offer for its entire stake in its palm oil plantation business, a stock exchange filing on Friday showed. Plantation giant KLK proposed acquiring IJM Corp‘s 56.2% stake in IJM Plantations Bhd in […]

Malaysian palm oil giant KLK offers $372m for majority in IJM Plantations

Photo: Reuters Malaysian palm oil giant Kuala Lumpur Kepong (KLK) Bhd has proposed to acquire IJM Corporation Bhd’s entire stake in IJM Plantations Bhd for 1.53 billion ringgit ($371.72 million) in cash, the companies said on Wednesday. IJM Corp said it has received a letter from KLK, one of the largest palm oil planters in the […]

Malaysia’s EPF posts 58% growth in Q1 gross investment income

EPF Employees Provident Fund Malaysian pension fund Employees Provident Fund (EPF) has recorded a 58% growth in gross investment income at 19.29 billion ringgit ($4.68 billion) for the first quarter ended March 31, 2021, against 12.16 billion ringgit ($2.95 billion) in the corresponding period last year. The fund, however, maintains a “cautious” stance for the […]

Malaysia’s Hibiscus Petroleum buys Repsol assets, enters Vietnam market

Oil platform at sea Malaysian oil and gas exploration and production company Hibiscus Petroleum Bhd has acquired Spanish energy major Repsol Exploración, S.A.’s upstream assets in Malaysia and Vietnam for a cash consideration of $212.5 million, it said in a stock exchange filing on Friday. The acquisition comprises five production-sharing contracts, one of which is in Vietnam, […]

Malaysian telco Axiata and RHB Banking to jointly bid for digital banking licence

Malaysian teleco Axiata Group Bhd and RHB Banking Group announced on Wednesday that they have formed a consortium to apply for a digital banking licence in the country. Boost Holdings, Axiata’s subsidiary that operates an e-wallet, will own 60%, while RHB, the country’s fourth-largest banking group, will own the rest of the digital bank, subject […]

Serba Dinamik shareholder PNB expresses concern after audit issues raised

Kuala Lumpur, Malaysia. Photo by Kah Hay Chee on Unsplash Malaysian state-linked fund management company Permodalan Nasional Bhd (PNB) has expressed “deep concern” about the issues at Serba Dinamik Holdings Bhd , which is facing an investigation over unverified contracts. Oil and gas services firm Serba said last week that its auditor KPMG had not […]

Malaysia’s AirAsia X gets shareholder go-ahead for restructuring plan

REUTERS/Beawiharta AirAsia X Bhd shareholders have approved the Malaysian budget airline’s debt restructuring, it said on Tuesday, allowing it to pursue a scheme it viewed as key to survival. Shareholders of the long-haul affiliate of AirAsia Group Bhd approved all resolutions at an extraordinary general meeting, including a rights issue and a share subscription for […]

Malaysia’s AirAsia X gets shareholder nod for restructuring plan

Macau Photo Agency / Unsplash AirAsia X Bhd shareholders have approved the Malaysian budget airline’s debt restructuring, it said on Tuesday, allowing it to pursue a scheme it viewed as key to survival. Shareholders of the long-haul affiliate of AirAsia Group Bhd approved all resolutions at an extraordinary general meeting, including a rights issue and a share subscription for […]

Pertama Digital partners BaaS provider Infopro to apply for digital bank licence in Malaysia

Saloman Link, Kuala Lumpur, Malaysia. Photo: AMAR SYAZWAN ROSMAN/unsplash Malaysian company Pertama Digital Bhd announced on Tuesday that it has onboarded Infopro Sdn Bhd, a banking-as-a-service (BaaS) provider, to its consortium that is applying for a digital banking licence from the country’s central bank. Both parties are finalising the signing of consortium agreements, according to […]

Top Glove said to delay $1b Hong Kong listing amid US ban quandary

Photo by Clay Banks on Unsplash Top Glove Corporation’s plan to list in Hong Kong to raise up to $1 billion has been delayed as the world’s largest rubber glove maker seeks to resolve a U.S. import ban on its products, sources with direct knowledge of the matter said. The Malaysian firm, which is already […]

Malaysia’s Axiata ties up with RHB Bank to apply for digital bank licence

FILE PHOTO – A security officer guards in front of the Axiata headquarters building in Kuala Lumpur May 28, 2014. REUTERS/Samsul Said  Malaysian telecoms firm Axiata Group Bhd has teamed up with RHB Bank Bhd to apply for a digital bank licence, two sources familiar with the matter told Reuters on Monday. The sources declined […]

Malaysian regulator investigating oil firm Serba Dinamik after auditor flagged concerns

Photo: Markus Winkler / Malaysia’s Securities Commission said it has begun an investigation into oil and gas firm Serba Dinamik Holdings Bhd. In an emailed response to Reuters on Monday, the regulator said it had secured documents and records from Serba Dinamik to assist its investigation, following the submission of the report from the […]

Malaysian oil and gas services firm Serba Dinamik rejects auditor’s concerns

Kuala Lumpur, Malaysia. Photo by Kah Hay Chee on Unsplash Malaysian oil and gas services firm Serba Dinamik Holdings Bhd said it did not see any problems with more than 3.5 million ringgit ($847 million) of contracts and transactions questioned by its auditor. In a stock exchange filing on Friday, Serba Dinamik said KPMG had not been able to verify contracts and […]

Malaysian budget airline AirAsia’s Q1 loss narrows 4.5%

REUTERS/Beawiharta A first-quarter net loss at Malaysian flagship budget airline AirAsia Group Bhd narrowed 4.5%, primarily dragged down by depreciation in leased assets and interest on lease liabilities, a stock exchange filing on Thursday showed. However, the airline which marked its seventh consecutive quarterly loss, saw fair value gains on derivatives and said it had successfully negotiated for deferrals with lessors that resulted […]

Malaysia’s CTOS said to eye $292m IPO in third quarter

Photo: REUTERS/Edgar Su Malaysian credit reporting agency CTOS Digital Bhd is looking to raise as much as 1.2 billion ringgit ($291.72 million) in an initial public offering aimed for the third quarter this year, two sources said. The listing, which could value the company at 2.4 billion ringgit, could come as soon as the end of July, […]

Malaysian state fund 1MDB, former unit file lawsuits seeking recovery of $23b

FILE PHOTO: Men walk past a 1 Malaysia Development Berhad (1MDB) billboard at the fund’s flagship Tun Razak Exchange development in Kuala Lumpur March 1, 2015. REUTERS/Olivia Harris Malaysian state fund 1Malaysia Development Berhad (1MDB) and its former unit SRC International have filed 22 civil suits seeking to recover more than $23 billion in assets […]

Malaysian PE firm Creador looking to sell 40% of its stake in CTOS Digital via IPO

Brahmal Vasudevan. Photo: Creador Malaysia-headquartered private equity firm Creador is gearing up to sell 40% of its stake in CTOS Digital as the credit reporting agency looks to tap the Main Market of Bursa Malaysia to launch its IPO.

Malaysian SWF Khazanah returns to US-dollar sukuk market with dual-tranche offering

The Khazanah Nasional Berhad logo is displayed on a laptop. Photo: Thitikorn Suksao/DealStreetAsia Malaysia’s sovereign wealth fund Khazanah Nasional has returned to the US dollar sukuk market, garnering strong demand for its dual-tranche offering. In Islamic finance, a sukuk is a financial certificate similar to a bond. In a statement on Wednesday, Khazanah said it […]

Malaysia’s Ekuinas bullish on deal uptick, to realise investments in second fund

Image taken from Ekuinas website. Malaysia government-linked private equity fund Ekuiti Nasional Bhd (Ekuinas) is looking to intensify its deal sourcing efforts as also tap thematic investment opportunities in fast-growing digital sectors.

New investor agrees to inject $100m into AirAsia’s Thai unit as part of restructuring

Photo: Pixabay An unnamed investor has agreed to inject up to 3.15 billion baht ($100.41 million) into the Thai unit of AirAsia Group Bhd as part of a restructuring plan proposed by parent company Asia Aviation PCL , a Tuesday filing said. The investor will provide the amount via an interest-free convertible loan or bond, an Asia […]

SEA Digest: Nomu Pay buys Wirecard entities; FWD Insurance, 1337 Ventures team up

Photo by Andrea Natali on Unsplash Nomu Pay has reached an agreement to acquire Wirecard Payment entities in Hong Kong, Malaysia, the Philippines, and Thailand; while Malaysian early-stage venture capital firm 1337 Ventures is teaming up with FWD Insurance to spur the fintech and insurtech startup ecosystem in Malaysia. Nomu Pay buys key Wirecard APAC […]

Malaysia consolidates two tech-related government agencies TPM, MaGIC

The KL Tower is seen, with a background of the cityscape in Kuala Lumpur, Malaysia. Two of the government agencies under Malaysia’s Ministry of Science, Technology and Innovation (MOSTI) will be restructured through a consolidation process that will create a new technology commercialisation agency. This new mandate, which was approved by the Cabinet on Wednesday, […]

Malaysia issues $800m US dollar sustainability sukuk

The KL Tower is seen, with a background of the cityscape in Kuala Lumpur, Malaysia. Malaysia has issued $800 million worth of 10-year trust certificates, billed as the world’s first sovereign U.S. dollar sustainability sukuk as the proceeds will be used exclusively for green projects, the finance ministry said on Thursday. In addition, the Southeast […]

Malaysia’s Top Glove cuts HK-listing size by almost half

Malaysia’s Top Glove Corp Bhd has slashed the amount it planned to raise from its proposed listing of new shares in Hong Kong by almost half, as the appetite for glove counters could be affected by the rollout of the COVID-19 vaccine worldwide. The world’s biggest glove company said in a regulatory filing on Thursday […]

Asia Digest: Microsoft to set up Malaysia data centre; Grosvenor backs Taronga Ventures

General view of Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris, France, April 18, 2016. REUTERS/Charles Platiau/Files American tech major Microsoft Corp is setting up its first data centre region in Malaysia. In a separate development, Grosvenor Asia Pacific, the Asian arm of London-based international property company Grosvenor Group, has invested in Australia-headquartered Taronga Ventures’s RealTech […]

Malaysia’s Top Glove claims to have resolved all indicators of forced labour

Photo by Drew Hays on Unsplash Malaysia’s Top Glove Corporation said it had resolved all indicators of forced labour in its operations, citing a report by independent consultant Impactt Limited. The world’s largest medical glove maker said it had resolved all eleven indicators of forced labour as determined by the International Labour Organization. The resolution has been verified by Impactt in a report dated April 22, Top Glove added. Top Glove had appointed London-based Impactt to assess its trade, human […]

Why is Patrick Grove starting a new property marketplace?

While Instahome can potentially solve a lot of problems for renters, agents, and landlords, is its business model truly scalable and sustainable?

500 Startups-backed F&B solution provider bags $4m in series A round from Go-Ventures, SIG

It plans to use the new funds to further develop its operations in Malaysia and expand into Indonesia, Thailand, and Vietnam.

The Philippines’ New Wave ties up with Malaysian firm to launch $50m fund for SEA startups

The fund will focus on investing in tech startups in Malaysia and the Philippines.

Grab launches grocery delivery service GrabSupermarket in Malaysia

Launched last month as part of a pilot program, GrabSupermarket currently serves the Klang Valley, delivering over 2,500 products.

Malaysian car marketplace Carsome raises $30m in Asia Partners-led round

The startup said it has achieved operational profitability as of October and recorded its highest revenue in Q3 2020.

The makings of greatness: How Malaysia can become a top-tier startup ecosystem

Malaysia is staking its claim as a hotspot for startup innovation.

MDEC is powering Malaysia’s goal to become a major digital player in SEA

Malaysia’s move to lead the region’s digital future involves supporting local startups in their efforts to go international.

Malaysia’s 1337 Ventures teams up with insurer FWD to launch accelerator

Called Alpha Startups, the program aims to incubate and accelerate fintech and insurtech startups through investment, mentorship, and connections.


SBI to give loans up to Rs 100 crore for healthcare sector under new scheme

US is allowing some H-1B visa seekers to re-submit their applications

Shyam Metalics shares rally 23% to settle at Rs 375.85 on the debut day

Microsoft Windows 11 launching tonight: Here's how to watch the livestream and what to expect

Reliance AGM: JioMart testing integration with WhatsApp, says Mukesh Ambani

185 Million Chinese Men Follow Beauty Influencers, Pork Suppliers Slash Output, Guangzhou’s Rapid Covid Infection

Sona Comstar share closes 25% higher at Rs 362.85 on listing day

Amazon Web Services expands partnership with Salesforce

Exclusive interview | New MFI rules will help lower lending rates: Suryoday Small Finance Bank CEO Baskar Babu

Edtech startup Classplus raises $65 million from Tiger Global, others

RIL AGM: All you need to know about India’s renewable energy sector that Reliance is betting big on

TrailheaDX 2021 - Salesforce and AWS team up on development, Slack waits in the wings

Hong Kong's Apple Daily yields to 'inevitable fate'

Your Covid-19 vaccination certificate can now have your passport number: Here's how to add

Hong Kong's Apple Daily yields to 'inevitable fate'

Property developer signs deal to acquire Eastar


Food delivery, travel booking firms may come under India’s new e-commerce rules

Reliance AGM 2021 | JioPhone Next offers some category-first features, says Google

Microsoft to unveil first new Windows OS in six years

Saudi Arabia grants digital banking licenses to STC Pay and firm led by Artar

Bezos' 2021 Space Odyssey a risk too far for insurers

Google Cloud in partnership with Reliance Jio in boost to 5G plans

RIL AGM 2021 | JioFiber adds 2 million home, business subscribers in a year

Geely’s New SUV to Include Smart Cockpit System Developed Partly by Ecarx

iPhone 13 specs: Kuo reports no Touch ID for 2021 smartphones; Apple to ditch mini model in iPhone 14 series

Huawei P50 release date, specs: Report says device could use the 4G variant of Snapdragon 888

JioPhone Next: Here is what the ultra-affordable smartphone will have to help India become 4G Yukt and 2G mukt

Main venue of 2018 PyeongChang Winter Olympics sold for 710 bln won

Oxfordshire-based Airbox Systems bags £1.5M to help frontline emergency services conduct safe and accurate operations

Apple may launch new AirPods later this year

Property developer signs deal to acquire Eastar

Reliance, Google announce JioPhone Next smartphone, 5G tie-up

Cash is king - three end user exemplars from Coupa of the importance of Business Spend Management

What Google CEO Sundar Pichai said about JioPhone Next

Posco, partner firms forge pact on shared growth

Windows 11 FAQ: Everything you need to know