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Commerce DotAsia Ventures Sdn Bhd (Commerce.Asia) has set a new record for equity crowdfunding (ECF) in Malaysia, raising RM20 million in its growth funding round corporate exercise that was over-subscribed and Malaysia’s largest one to date. In the process, it had also broken its own record set in 2018 when the Malaysian Book of Records […]
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Borneo Oil Berhad (BornOil) has announced a strong set of results for its second quarter ended 31 December 2021 with net profit soaring almost ten folds to RM10.27 million (2020: RM1.68 million). This was posted on the back of increased revenue of RM18.37 million (2020: RM10.01 million) for the quarter. Subsequently, BornOil posted net profit […]
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SEEK Limited (SEEK), the Australian listed tech company which owns two leading online employment marketplaces JobStreet and JobsDB in Southeast Asia, today announced a USD 48 million (approximately RM203 million) investment in JobKorea, Korea’s largest online employment platform. As a result, SEEK will own a 10% stake, with SEEK Asia CEO Peter Bithos (pic above) joining JobKorea’s […]
Continue ReadingThe Securities Commission Malaysia (SC) and Bursa Malaysia Berhad (Bursa Malaysia) are closely monitoring the local stock market in light of the current price surge of selected stocks in the US markets, fuelled by social media chatrooms against short-sellers. Malaysian investors are advised to be cautious of social media chatrooms that try to influence investors […]
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According to the 2020 KPMG Global CEO Outlook report, only 22 percent of CEOs in Asia Pacific remain confident about the growth prospects of the global economy over the next three years (a significant drop from 67 percent in January 2020). But on a more positive note, CEOs are much more assured in the resilience of their […]
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SAP SE (NYSE: SAP) recently announced its intent to take Qualtrics public through an initial public offering (IPO) in the United States. Qualtrics is the market leader and creator of the Experience Management (XM) category, a large, fast growing and rapidly evolving market. SAP intends to remain the majority owner of Qualtrics. SAP’s primary objective for […]
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Bank Negara Malaysia (BNM) has reduced the Overnight Policy Rate (OPR) by 25 basis points to 1.75 percent. BNM said the ceiling and floor rates of the corridor of the OPR are correspondingly reduced to 2.00 percent and 1.50 percent, respectively. The central bank in a statement said the reduction in the OPR will provide […]
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As a strategic partner to the agro community, Agrobank takes a step further in providing housing financing to fishermen to own affordable homes under the Program Kediaman Mampu Milik-i (PKMM-i) for the “Projek Penempatan Semula Nelayan” (PPSN) in Bunut Rendang, Kuantan. The PPSN is an initiative by the Pahang State Government and Lembaga Kemajuan Ikan Malaysia […]
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Investors will be able to see their return of investment as early as two years.
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