Malaysia’s Sun SEA Capital ready to invest from $50m fund, eyes final close next year


The venture fund was established by Sunway to invest in Southeast Asia and Hong Kong-based startups. Sun SEA Capital has invested the first $5 million into the fund.

Malaysian SWF Khazanah seeks government clarification on investment mandate

This follows prime minister Mahathir Mohamad’s comments in local media saying Khazanah has “deviated from assisting bumiputra objective”.

iflix says to raise at least two more funding rounds before considering IPO

iflix last raised $133 million in September 2017 in a round led by US-based Hearst Communications and Singapore-based EDBI as well as clients of DBS Private Bank.

MY Dealbook: Five startups join Cyberview accelerator; Maybank-CGC SME financing

Cyberview Sdn Bhd has shortlisted five startups to join its four-month Cyberview Living Lab Accelerator programme.

PE firm Creador hits first close for fourth fund at $430m, final close in October

Creador IV was launched this February with a target of $500 million.

Exclusive: Malaysia’s dahmakan in talks to raise Series A, to expand to Singapore this year

The capital infusion is expected to sustain dahmakan’s operations for the next 15 months before the startup raises another round.

Razer’s e-wallet Razer Pay makes its debut in Malaysia

Razer acquired Malaysia-based online and offline payments firm MOL Global for about $61 million in May.

Malaysia’s Lion Industries to take over Megasteel for $157.7m

LICB will take over Megasteel’s land and buildings, plant and machinery, and floating assets and will assume its debts.

Former Malaysia PM Najib pleads not guilty to corruption charges

The charges relate to funds that allegedly went from SRC International into Najib’s personal bank account, but are only a fraction of the total amount allegedly misappropriated from 1MDB.

Ex-Malaysia PM Najib Razak arrested on corruption charges

Najib’s arrest was in relation to a probe into SRC International, a former 1MDB unit.