By Ka Kay Lum
Navis picked a majority interest in Alliance in December 2009 and has worked along with the company’s founder, Tan Thiam Hock to grow the business.
The removal was done at the request of the then-principal secretary to former Prime Minister Najib Razak, a week before the document was presented to a select parliamentary committee in March 2016
The agency has now been officially placed under the purview of Ministry of Entrepreneur Development (MED).
With this investment, LokaLocal becomes BonAngels’ first Malaysian portfolio company.
1MDB is the subject of corruption and money-laundering investigations in at least six countries.
The Series C marks lead investor Gobi’s second investment into the TaqwaTech space in 2018, after it led a $1.5-million Series A round for Pakistan-based online travel startup Sastaticket recently.
CIMB’s group CFO Shahnaz Jammal will take on the role of group CEO of group wholesale banking beginning January 1, 2019.
Foreign insurers can either pare stakes or contribute to health insurance fund, says Malaysian central bank
In Malaysia, 11 insurers including Great Eastern, AIA, and Tokio Marine, are currently wholly owned by foreign firms.
Navis is set to make further bolt-on acquisitions for Device Technologies in Australia.
CIMB is joining Ripple’s cross-border payments business network, RippleNet, and has deployed the latter’s blockchain-based technology to expand its inbound and outbound remittance network.