Axiata says no ongoing re-merger talks with Telekom Malaysia


Axiata said it instead plans to focus on further collaboration with Telekom Malaysia, with which it parted ways in 2008.

Malaysia’s Sime Darby expresses interest in buying Indian firm Ruchi Soya

Ruchi Soya is currently undergoing bankruptcy proceedings under India’s National Company Law Tribunal.

Malaysia: Hap Seng eyes majority stake in palm oil firm Kretam for $300m

HSPB will acquire 33.5% stake from Kretam CEO Freddy Lim and another 21.5% from Santraprise.

Faced with new ownership rules, foreign insurers feel the heat in Malaysia

Foreign insurance firms need to jettison at least 30% of their domestic businesses by the end of June to comply with Malaysia’s new foreign ownership rules.

Malaysian firm HelloGold receives Islamic certification for its cryptocurrency

Its cryptocurrency product, dubbed GOLDX, was launched at the end of last year.

Ahead of listing, MY hijab retailer Aidijuma acquires majority stake in UK’s Haute Elan

The latest deal brings Aidijuma’s total venture investments to $20 million.

Newly found VC firm Vynn Capital plans SEA-focused $40m debut fund

Vynn has reportedly already mopped up $10 million for its maiden fund.

Malaysian wealth fund Khazanah unit said to be in talks to sell Turkish insurer

The wealth fund expects as much as $300 million from the sale and will invite potential investors later this month.

Malaysia’s COPE raises $70m, nearing $76m target for latest fund: Report

The fund, COPE Opportunity 4 that was launched in 2016, had marked its first close at MYR 200 million earlier.

Catcha’s Patrick Grove predicts SE Asia will get its first decacorn in next 2 years

Grove offers Catcha Group’s eight predictions for the Southeast Asian technology space over the next 24 months.