PayPal to close Malaysia operations by year-end, offers staff VSS


The work currently being delivered at its operations centre in Malaysia will gradually move to other locations.

Lazada Malaysia appoints former Taobao executive as new CEO

Alibaba-backed e-commerce platform Lazada has announced former Taobao executive Leo Chow as the new CEO of its Malaysian operations.

Malaysia’s Frontier Digital Ventures to focus on existing portfolio consolidation

The digital classifieds operator also intends to go slow on making new investments, given the current market conditions.

Targeted govt intervention needed to spur VC ecosystem, says SC Malaysia

The report proposed eight recommendations to the SC which include the restructuring of existing public VCs to be more commercially-driven.

Malaysia’s state-owned Felda said to end ties with Indonesia’s Rajawali

Felda has been considering an exit from the deal which was signed in 2017 to acquire a 37 per cent stake in Rajawali’s Eagle High Plantations.

StanChart said to explore options for Malaysian Islamic banking unit

The lender is said to be weighing an exit from Malaysia’s Islamic banking market as fierce competition from local rivals has limited its growth prospects.

AirAsia’s digital arm to tap external investors for CVC fund, says deputy group CEO

The CVC fund will focus on investments in the travel and lifestyle sectors.

Malaysia’s RHL Ventures backs interior design marketplace aims to help consolidate the fragmented interior designer and architect market in Malaysia via a proprietary online platform.

Video streaming startup iflix said to mull ASX listing, seek over $1b valuation

According to a news report, investment banking firms including Goldman Sachs, UBS, Macquarie Capital, Citi and Credit Suisse have been asked to pitch to iflix.

Bursa Malaysia’s outgoing CEO says IPO pipeline for 2019 looks strong

Negative market sentiments is seen as the main reason that businesses are holding back from going into the public market.