1MDB makes payment on dollar debt, goes under probe

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1Malaysia Development Bhd (1MDB) has paid $66 million of interest on its 2023 dollar bonds on Monday, the state-owned investment firm said. President and group executive director Arul Kanda said in an emailed statement that he “can confirm that this payment was made”. 1MDB was cast under the spotlight when… Read more »

Malaysia Dealbook: Qualitas, Brahim’s, Integrax, Plenitude

The last couple days has seen Malaysia based companies – including Integrax, in-flight F&B company Brahim’s, real estate majors Nomad group and Plentitude – engage in deals and transactions related to mergers and takeovers. Meanwhile healthcare major Qualitas has finally chosen to raise funds for expansion via an initial public offer, expected during… Read more »


Grocery shopping app HappyFresh launches in KL, eyes Jakarta

Grocery shopping app  HappyFresh launched today in Kuala Lumpur, Malaysia, offering 40,000 items on its platform through exclusive partnerships with selected local offline grocers. Founded in October last year, the app will also launch in Jakarta, Indonesia, this month, under the same strategy. The service was available on an invite-only basis til… Read more »


Malaysia aims to launch ECF by mid-year, no cap on participation

Malaysia could launch equity crowdfunding (ECF) in the middle of this year, if the government passes the necessary legislative amendments in the Capital Markets and Services Act and the Companies Act of Malaysia within this month. When the legislation is implemented, the Securities Commission Malaysia (SC) will wield the responsibility of… Read more »


Catcha to launch iflix in key SEA markets 2015

Catcha Group will launch its subscription-based video-on-demand platform, iflix, throughout the key Southeast Asian markets this year, said its chief executive, Patrick Grove . The markets that will see the launch of this Netflix-like platform by Catch include, Malaysia, Thailand, Philippines, Indonesia and Vietnam. The launch of the platform takes advantage of the region’s… Read more »


Malaysia’s Wedding.com.my raises $274k seed funding, led by Kathrein Ventures

Malaysia’s online wedding portal Wedding.com.my has raised MYR1 million ($274,000) in a seed funding round led by Kathrein Ventures, joined by N Capital Partners and an angel investor. The investment, co-founder Kelvin Leow said, will be used to further strengthen the startup’s position as category leader in Malaysia. The website… Read more »


1MDB energy IPO still possible, to resubmit application by May

Securities Commission Malaysia (SC) said 1Malaysia Development Bhd (1MDB) still stood a chance to list its power arm Edra Global Energy Bhd, despite a slew of setbacks linked to the fund’s heavy debt burden. SC CEO Ranjit Ajit Singh said an initial public offering (IPO) was still possible as long as… Read more »


KL office supply to hit 100m sq ft by 2015 end

Kuala Lumpur will see an additional availability of 100 million sq ft of office space by the end of this year, beating other business hotspots like Singapore, Bangkok and Jakarta. In a property market outlook report by CH Williams Talhar & Wong (WTW), the real estate services company noted that purpose-built… Read more »


Malaysia’s Cradle to launch $16.5m seed venture fund, target ‘fun businesses’

Malaysia’s Cradle Fund Sdn Bhd is set to establish a MYR60 million ($16.5 million) seed venture fund by May, unleashing a fresh wave of investments into startup ecosystem in the region. An executive familiar with Cradle’s plan said Cradle Seed Ventures (CSV) will initially target “fun startup businesses like in-mobile app… Read more »


Cradle launches networking platform for entrepreneurs & investors

Cradle Fund Sdn Bhd, Malaysia’s early stage technology startup financier has launched an exclusive online community – ConnexUs – to facilitate better networking and collaboration among its entrepreneurs and partners. The platform enables communication channels between entrepreneurs and investors, allowing them to synergise and collaborate on future projects. CEO Nazrin… Read more »