<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 16): The Securities Commission Malaysia (SC) said today the Malaysian venture capital (VC) and private equity (PE) industry saw a total fund commitment of RM5.998 billion in 2019 during which 122 corporations were registered with the regulator.</p></div>

<div class=newsTextDataWrapInner><p>In its 2019 annual report, the SC said investments during the year amounted to RM566.37 million.</p></div>

<div class=newsTextDataWrapInner><p>"VC and PE are vital elements in the Malaysian entrepreneurship ecosystem. In addition to financial capital, VC and PE firms provide strategic guidance and business mentoring as well as leverage their networks that support entrepreneurs in building successful and competitive enterprises.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"The growth of these enterprises contribute towards job creation, innovation and economic progress.</p></div>

<div class=newsTextDataWrapInner><p>"To ensure a holistic approach in formulating initiatives for the industry, new members representing angel and institutional investors were appointed to the Malaysian Venture Capital and Private Equity Development Council (MVCDC) – in addition to existing representations from ministries, government agencies and regulators.</p></div>

<div class=newsTextDataWrapInner><p>"Chaired by the SC, the MVCDC aims to facilitate more inclusive engagements between the government and the private sector in cultivating VC and PE developmental efforts.</p></div>


The Securities Commission Malaysia (SC) said today the Malaysian venture capital (VC) and private equity (PE) industry saw a total fund commitment of RM5.998 billion in 2019 during which 122 corporations were registered with the regulator.

In its 2019 annual report, the SC said investments during the year amounted to RM566.37 million

SC: Malaysia venture capital, private equity industry committed some RM6b in 2019

KUALA LUMPUR (May 3): Digital Nasional Berhad (DNB), Malaysia’s state 5G agency, signed a deal with telecommunications firm Ericsson and chipmaker Intel on Friday, to develop enterprise 5G solutions, Digital Minister Gobind Singh Deo said.

DNB signs deal with Ericsson, Intel on 5G solutions

Despite the palm oil industry bending over backwards to green up its act in the last few decades, it is still under fire. Critics cannot shake the image of palm oil as the nemesis of biodiversity, or worse, the big bad wolf of tropical deforestation. No matter how hard palm oil producers try to p...

Bullish On Green: Palm oil is green, but still seen as grey

KUALA LUMPUR (May 3): Deputy Investment, Trade and Industry Minister Liew Chin Tong said it is time for Malaysia to see biomass as the feedstock for new and advanced fuels and other green industries.

Timely for Malaysia to see biomass as feedstock for advance fuels — Liew

Hong Kong stocks are on their longest-winning streak since 2018, adding to signs that a recovery in one of the worst-performing markets last year is well underway.

Hong Kong stocks are on their longest winning streak since 2018

(May 3): A couple of years ago Clive Cowdery had a problem. The large life insurer that he’d founded was amassing customer cash faster than it could find ways to put that hoard to work.

As payments piled up at Resolution Life, two of every three dollars sat idle. The company decide...

Blackstone taps vast source of cash in $1 trillion credit push

PUTRAJAYA (May 3): A convenience store in Precinct 3 here was raided by the Ministry of Domestic Trade and Cost of Living on Thursday (May 2), for suspected sale of food products with the words “no palm oil” (NPO) written on the product’s plastic packaging.

Domestic Trade Ministry raids premises selling products with ‘no palm oil’ label

Teen apparel retailer rue21 filed for Chapter 11 bankruptcy protection for a third time on Thursday, seeking to shut down its 540 stores and sell its intellectual property.

Apparel retailer rue21 files for third bankruptcy, will close all stores

Deutsche Bank AG plans to double the assets it manages for rich families in Southeast Asia and the Middle East over the next five years, tapping growing ties between ultra-rich clans in both regions, the lender’s global private banking head said.

Deutsche Bank unveils wealth targets after hiring push in Asia

Peloton Interactive Inc shares fell to a record low after chief executive officer Barry McCarthy announced plans to step down and the struggling fitness company embarked on a major restructuring that will reduce its global workforce by 15%.

Peloton tumbles to record low after announcing CEO exit, layoffs

Asian stocks rallied on Friday after Apple's record US$110 billion (RM523.15 billion) share buyback plan lifted the tech sector, while the yen put more distance from recent 34-year lows to cap a tumultuous week that saw suspected interventions from Tokyo.

Asian stocks surge on tech boost; yen extends gains to cap wild week

<p>KUALA LUMPUR (May 2): Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:</p>

<p><strong>Yinson Holdings Bhd</strong> has closed the limited recourse term loan facility of up to US$1.3 billion (RM6.2 billion) for the financing of its Ago...

Yinson, Protasco, LCTitan, Westports, UOA REIT, Frontken, Pasukhas, BHIC, JAKS, Epicon, Sarawak Cable, Annum, Aldrich, Ajinomoto, Ageson and SMI

<p>Shares of Ajinomoto (Malaysia) Bhd surged to their highest in nearly six years after the food and seasoning company announced the ex-date for its special dividend.</p>


Ajinomoto Malaysia surges to highest in nearly six years

<p>Asian stocks rallied on Friday after Apple's record US$110 billion (RM523.15 billion) share buyback plan lifted the tech sector, while the yen put more distance from recent 34-year lows to cap a tumultuous week that saw suspected interventions from Tokyo.</p>


<p>Malaysia’s planned increase in civil servant salaries will boost earnings of RCE Capital Bhd, which mainly provides consumer financing to government employees, Maybank Investment Bank (Maybank IB) said and upgraded the stock to ‘buy’.</p>


Higher civil servant salaries will boost RCE Capital's earnings, says Maybank IB

<p>The rally in tech heavyweights extended into late hours after better-than-estimated results from&nbsp;Apple Inc, with the iPhone maker also raising its dividend and announcing plans to buy back more stock.</p>


Tech jumps in late hours on Apple’s solid outlook

<p>The Penang government plans to hold a workshop with stakeholders to finalise the Penang Mutiara Line Light Rail Transit (LRT) Project following minor amendments to the original plan.</p>

<p>Chief Minister Chow Kon Yeow said the workshop is expected to be held within a week or two so that further work involving the transformative infrastructure project can be carried out.</p>


Penang to hold workshop with stakeholders to finalise Mutiara Line LRT alignment

<p>Türkiye&nbsp;stopped all exports and imports to and from Israel as of Thursday, the Turkish trade ministry said, citing a "worsening humanitarian tragedy" in the Palestinian territories.</p>


Türkiye halts all trade with Israel, cites worsening Palestinian situation

<p>Technical and Vocational Education and Training (TVET) programmes are set to be enhanced to address the shortage of 30,000 engineers in the country, said Prime Minister Datuk Seri Anwar Ibrahim.</p>

<p>He also emphasised the importance of focusing on Artificial Intelligence (AI) technology to keep pace with current demands.</p>


TVET in Malaysia to be enhanced to address shortage of 30,000 engineers — PM

<p>Apple's quarterly results and forecast beat modest expectations on Thursday, as the iPhone maker unveiled a record share buyback program, sending its stock up almost 7% in extended trade.</p>


Apple unveils record US$110b buyback as results beat low expectations

<p>Prime Minister Datuk Seri Anwar Ibrahim said he has encouraged Japan and Qatar to explore investment opportunities in Kelantan.</p>

<p>As the country's leader, he said that he will always strive to help develop all states in Malaysia.</p>


PM encourages Japan, Qatar to explore investment in Kelantan

<p>Ageson Bhd said Virdos Lima Consultancy (M) Sdn Bhd (VL Consultancy) is in the final stage of completing its independent assessment report on the matters raised by its external auditor in its financial statements for the 18-month financial period ended Dec 31, 2022 (FPE2022).</p>


Ageson says independent review of audit issues raised by its auditor now in final stages

<p>Frontken Bhd expects a stronger performance in the second half of this year (2HFY2024) after its first quarter results came in within expectations, according to Philip Capital.</p>


Frontken expects stronger performance in 2H — Philip Capital

<p>Lotte Chemical Titan Holding Bhd (LC Titan) is expected to face widening core losses in the second quarter ending June 30, 2024 (2QFY2024) from lower sales volume and weak product spread, according to TA Securities.</p>


Lotte Chemical Titan to face widening losses in 2QFY2024 on lower volume, weak product spread, says TA Securities

<p>Wall Street's main indexes advanced on Thursday, a day after the Federal Reserve left interest rates unchanged and signaled a dovish tilt, with focus moving to a crucial job report later in the week.</p>

<p>While Fed Chair Jerome Powell indicated that stubbornly high inflation would see a long-expected US rate cut pushed back, he refused to entertain talk that rates might actually need to go up again.</p>


Wall Street gains on Fed's dovish signals

<p>Peloton Interactive Inc shares fell to a record low after chief executive officer Barry McCarthy announced plans to step down and the struggling fitness company embarked on a major restructuring that will reduce its global workforce by 15%.</p>


<p>Analysts anticipate continuous growth for Westports Holdings Bhd for the rest of the year on the back of sustained trade activities in the regional economies and multi-year high foreign direct investment (FDI).</p>


Analysts upbeat on Westports’ outlook amid multi-year high FDI

<p>The presence of and commitment shown by the Unity Government party machinery campaigning in the Kuala Kubu Baharu (KKB) state by-election to ensure victory for its candidate is clear proof of the government's integrity.</p>


KKB polls: Presence of party machinery is proof of Unity Government's togetherness — Zambry

<p>Bond traders pulled forward expectations for the Federal Reserve’s (Fed) first full interest-rate cut by a month to November ahead of a key US jobs report on Friday.</p>


Traders pull forward first full Fed rate cut to November ahead of jobs

<p>PUTRAJAYA (May 3): A convenience store in Precinct 3 here was raided by the Ministry of Domestic Trade and Cost of Living on Thursday (May 2), for suspected sale of food products with the words “no palm oil” (NPO) written on the product’s plastic packaging.</p>


<p>The options market is betting that stocks will swing widely after Friday’s US jobs report, which traders expect will offer more clarity on how much the Federal Reserve may cut interest rates this year.</p>

<p>The S&amp;P 500 Index is expected to move 1.2% in either direction after the release, based on the cost of at-the-money puts and calls expiring Friday, according to Stuart Kaiser, Citigroup Inc’s head of US equity trading strategy. That figure, based on the prices of S&amp;P straddles as of Wednesday’s close, is the largest implied swing ahead of an employment report since March 2023, he said.</p>
