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 »

FashionValet bags multi-million dollar investment from Elixir Capital

FashionValet, a Malaysian online shopping portal has announced a multimillion-dollar investment led by Elixir Capital, a global private equity firm based in Silicon Valley, California. The value of the investment was undisclosed, but by investing, Elixir Capital will assist FashionValet in accelerating the expansion of its online reach through avenues… Read more »

Exclusive: Aemulus plans R&D, ops expansion, fundraising for 2015

Malaysia’s semiconductor testing equipment designer Aemulus Corp Sdn Bhd has three strategies this year – to expand its research and development (R&D) resources and capex; expand its sales and marketing channels to China and the US; and to raise funds for those two strategies. Speaking to DEALSTREETASIA, founder and CEO… Read more »

Qualitas Healthcare to decide between IPO & trade sale, this week

Malaysia-based healthcare group Qualitas Healthcare Corp Bhd will have to decide on its best fundraising route this week – between a listing on the local stock exchange and a trade sale. Local media reported that the group “will take a decision this week regarding the optimum route that will benefit its business, either via… Read more »

Khazanah Nasional’s Avicennia to invest in SEA insurance cos

Khazanah Nasional Bhd’s subsidiary, Avicennia Capital Sdn Bhd, aims to invest in the insurance industry of the emerging markets in the Southeast Asia. Its primary focus is on life, health insurance and general insurance, in Malaysia, Indonesia, the Philippines, Singapore and Thailand. Avicennia chief executive officer Alexander Ankel told local… Read more »

Fatfish invests $39k into Australia based Nvoi

Fatfish Internet Group Ltd has invested A$50,000 ($39,060) into Nvoi Ltd, Australia’s first fully managed online staffing platform for temporary and contract workforce. This is the first investment into an Australian business by the internet ventures firm. Fatfish is among the sophisticated and professional investors investing in a seed funding… Read more »

Catcha Group aims to float its upcoming Netflix clone on Nasdaq

Catcha Group has set itself a goal to list its upcoming video-on-demand service, iflix, on Nasdaq in the next twelve to 24 months. The company has not revealed any valuations for  iflix. The company plans to launch this service, touted as the Asian answer to American video-streaming company Netflix, some… Read more »

Malaysia’s Sime Darby delays auto biz IPO to H2

Malaysia’s oldest conglomerate Sime Darby Bhd will postpone the initial public offering of its auto business to the second half of this year, chief executive Bakke Salleh told reporters. The CEO cited unsuitable market sentiment, calling it “not conducive”, at a press conference after presenting the company’s second-quarter financial results…. Read more »