MaGIC to launch startup database in June, may give startups exposure to Thailand

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A Malaysian government linked agency, tasked with fostering and developing a vibrant startup ecosystem, plans to launch a comprehensive dataset of startup activity, by next month. Malaysian Global Innovation and Creativity Centre (MaGIC) which is setting up its ‘Startup Database’ as part of its 2015 game plan, has also seen a few… Read more »

MDeC launches ‘MSC Malaysia for Startups’ to push country to be startup hub

Malaysia’s national ICT custodian Multimedia Development Corporation (MDeC) has launched the ‘MSC Malaysia for Startups’, a programme that aims to facilitate and accelerate local startups in obtaining recognition. Launched Tuesday (May 12), the initiative is part of the national strategic initiative to position Malaysia as the ‘Entrepreneur Hub’ for Southeast… Read more »


Malaysian startup Ebizu gets $138k from Cradle Fund

Digital retail solutions provider Ebizu Sdn Bhd has been awarded MYR500,000 ($138.3k) in funding for the purchase of beacon technology devices to commercialise its solutions. The funding was awarded under Cradle Fund Sdn Bhd’s CIP500 fund, a pioneering commercialisation fund offered to help Malaysia technology start-up companies attain commercialisation Malaysian startup Ebizu… Read more »


Genting Malaysia to sell 18% in HK unit for at least $466m

Malaysian gaming firm Genting Malaysia Bhd‘s has offered to sell its 17.81 per cent equity interest in Genting Hong Kong Ltd for at least MYR1.688 billion or $466.43 million in cash. The sale will be done via its indirect unit Resorts World Ltd. Genting Malaysia, a unit of gaming-to-plantations conglomerate Genting Bhd,… Read more »


iflix enters agreements with Fox, BBC & Warner Bros for content

Internet TV service, iflix announced that it has entered into multiple content agreements with Hollywood’s top studios, including Twentieth Century Fox Television Distribution, BBC Worldwide, and Warner Bros International Television Distribution to offer iflix subscribers the best in television and film programming. The catalogue deals feature award-winning TV series such as… Read more »


Malaysia’s Luster Industries buys into Cambodian lottery biz Pan Cambodian Lottery Corp

Luster Industries Bhd is venturing into the gaming business in Cambodia, having acquired a stake in licensed number forecast operator (NFO) Pan Cambodian Lottery Corp Ltd (PCLCL). In a filing with Bursa Malaysia two week ago, Luster said it has signed a sale of shares agreement (SSA) with Hong Kong-based… Read more »


Shapadu closer to substantial shareholding in LFE

Shapadu Corp Sdn Bhd is inching towards becoming a substantial shareholder of LFE Corp Bhd after the latter received approval from Bursa Securities, last week, to implement its proposed regularisation plan. The approval will allow Shapadu, via its wholly-owned subsidiary Shapadu Capital Sdn Bhd, to subscribe to 66.67 million new LFE shares,… Read more »


Hong Leong Group invests under $1.4m in online shopping portal GEMFive

Malaysian conglomerate Hong Leong Group has invested under MYR5 million ($1.39 million) in an online shopping portal, GEMFive, which has been launched by the youngest son of the group’s billionaire founder Quek Leng Chan. The 34 years old founder Quek Kon Sean told local reporters that the startup funding provided by… Read more »


iflix partners Vimond to develop Internet TV platform

Southeast Asia’s Internet TV service iflix has entered into an agreement with Norwegian media platform provider Vimond Media Solutions to continue the development of its Internet TV platform. iflix, which offers subscribers unlimited access to thousands of hours of entertainment for a low monthly price, said Vimond will provide a managed service for iflix, based… Read more »


Employees Provident Fund-owned MBSB targets KFH Malaysia for merger

Malaysia Building Society Bhd (MBSB) is understood to be eyeing Kuwait Finance House (M) Bhd (KFH Malaysia) as an option for a merger exercise, according to sources who have been cited in local media. StarBiz quoted banking sources noting that MBSB and its major shareholder, the Employees Provident Fund (EPF),… Read more »