KUALA LUMPUR: Malaysia Debt Ventures Bhd (MDV) has entered into an investment agreement with Kapital DX Sdn Bhd (KLDX) to participate in KLDX’s initial exchange offering (IEO) platform. It will establish the first venture debt fund to be listed on an IEO platform in Malaysia. Under this agreement, MDV CEO Nizam Mohamed Nadzri said, MDV … Read more
PUTRAJAYA: Singapore-based technology startup vEarth Pvt Ltd is seeking partners in Malaysia to contribute to the development of the country’s smart city plan through its hybrid reality metaverse, vEarth. The metaverse industry, set to be worth US$5 trillion (RM23.4 trillion) by the end of the decade, is at the core of vEarth’s ambitious plans. Founder … Read more
KUALA LUMPUR: myWakaf 2.0, initiated by the Association of Islamic Banking and Financial Institutions of Malaysia (AIBIM), is working on 14 Solar Dome Dryers (SDD) projects aimed at serving the fishing communities across all states in Malaysia within the next three years. Phase 1 will see the completion of five projects in five states – … Read more
KUALA LUMPUR: Invest Selangor Bhd anticipates a potential RM1.5 billion in negotiated sales from Selangor International Business Summit 2023 (SIBS 2023), fuelled by focused industries such as electrical and electronics, food and beverage manufacturing, digital investment, logistics services, machinery and transport equipment. According to Selangor State Exco for Investment, Trade and Mobility Ng Sze Han, … Read more
KUALA LUMPUR: Malaysia continues to lead the world sukuk market, accounting for 45% of total issuance, as the country celebrates the 40th anniversary of Islamic banking this year. Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) president and Bank Islam Malaysia Bhd CEO Mohd Muazzam Mohamed (pix) stated that as of June 2023, the … Read more
KUALA LUMPUR: Property developer Paramount Corp Bhd has set its sights on project launches totalling between RM1 billion and RM1.5 billion in financial year 2024 (FY24) Group CEO & executive director Jeffrey Chew Sun Teong (pix) stated that it is important to launch projects worth at least RM1 billion annually for the group to achieve … Read more
KUALA LUMPUR: The Taiwan Excellence, recognised as the industrial Oscar award of Taiwanese products, set up the Taiwan Excellence Pavilion within the Taiwan Expo 2023 in Malaysia. The pavilion showcased nearly 60 innovative products from 33 brands, highlighting the prowess in high-quality manufacturing that Made-in-Taiwan (MIT) brings to the table. One of the Taiwan Excellence … Read more
KUALA LUMPUR: London Stock Exchange Group (LSEG) has opened a Kuala Lumpur flagship office to enhance its presence in the Asean market and to tap into Malaysia’s rich talent pool. LSEG head of customer operations Thomas Frossell said the expansion reflects the exchange’s strategic vision to establish a robust operational centre in Asia and leverage … Read more
KUALA LUMPUR: Malaysia had the highest 5G download speed in Asia Pacific markets in the first half of 2023, according to Ookla Insights, comparable to the speeds observed in European benchmarks, said Deputy Communications and Digital Minister Teo Nie Ching. She said Malaysia’s median 5G download speed stood at 512.10 Megabit per second (Mbps), surpassing … Read more
PETALING JAYA: Fraser & Neave Holdings Bhd (F&N) anticipates that the initial milking for its fresh milk project at the integrated dairy farm in Ladang Permai Damai will begin in December 2024, with the products set to be available in the market early 2025. In regard to this development, F&N CEO Lim Yew Hoe announced … Read more
PETALING JAYA: Kuala Lumpur-based affordable high-rise residential property developer, Radium Development Bhd, is set to list on the Main Market of Bursa Malaysia in the second quarter of this year, aiming to raise more than RM400 million, to fund its current and upcoming projects as demand continues to surge. According to Radium Group managing director … Read more
PETALING JAYA: BIS Innovation Hub Singapore Centre and partners announced today that their Project Nexus prototype has linked Eurosystem, Malaysia and Singapore, allowing payments to be sent across the three parties almost instantaneously using mobile phone numbers. Along with partners in Indonesia, Malaysia, the Philippines, Singapore and Thailand, the year-long collaboration included the Bank Negara … Read more
KUALA LUMPUR: Malayan Banking Bhd (Maybank) and UMW Corp Sdn Bhd have signed a memorandum of collaboration (MoC) with Bursa Malaysia Bhd to become pioneers of the Early Adopter Programme (EAP) of the local exchange’s centralised sustainability platform. Participants of the EAP will validate the value extraction of this platform during its testing phase from … Read more