MY Digest: e-commerce startup 50Gram, blockchain startup OneKlix bag seed funding


Flower and gift delivery platform 50Gram has raised a six-figure seed funding round led by TBV Capital (previously known as TinkBig Venture).

Malaysian sovereign wealth fund Khazanah’s board resigns

Khazanah said the offer has been made to facilitate a smooth and orderly transition under the new government.

Malaysia Airlines taps lenders for first jet financing since restructuring

The financing represents a key test for the airline, which was taken over by Malaysian sovereign wealth fund Khazanah Nasional in December 2014.

Malaysia: Former central bank governor is Sime Darby Property’s new chairman

Malaysia state fund PNB is the majority shareholder of Sime Darby Bhd and its spin-offs Sime Darby Property and Sime Darby Plantation.

Malaysian SWF Khazanah joins fray to acquire stake in Pepe’s India arm

Khazanah joins The Carlyle Group, Advent International and General Atlantic to acquire a stake in Pepe Jeans.

Malaysia’s BIMB Holdings and Bank Islam CEO Khairul Kamarudin quits

Khairul, who was appointed to the position in August 2017, also resigned as CEO of Bank Islam Malaysia Bhd, a wholly-owned subsidiary of BIMB.

Swiss regulator says Rothschild Bank broke anti-moneylaundering rules in 1MDB case

Rothschild Bank AG said it noted the regulator’s comments and regretted the breaches that occurred.

Malaysian pension fund KWAP eyes more investments in renewable energy

Last year, KWAP made its maiden investment into the renewable energy sector when it picked up a 45 per cent stake in UK-based solar power producer Vortex Solar Investments for $90 million.

Asean Digest: AirAsia completes $355m aircraft transfer; Tat Hong to delist from SGX

SGX-listed crane supplier Tat Hong Holdings will delist from the Mainboard

Malaysia issues arrest warrants for ex-1MDB executives

The Malaysian Anti-Corruption Commission is seeking 1MDB’s ex-general counsel Jasmine Loo Ai Swan and former executive director Casey Tang Keng Chee