Thu, 25 Apr 2019, 12:52 AM
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Topic: Southeast Asia

The Edge Markets:
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KUALA LUMPUR (April 24): Malaysia should take its commitment to fight against plastic pollution further by enforcing a total ban on dumping of solid plastic waste and scrap in the country, according t...
theSun:
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KUALA LUMPUR: Malaysia should take its commitment to fighting plastic pollution further by enforcing a total ban on dumping of solid plastic waste and scrap in the country, according to the Asean Cham...
Free Malaysia Today:
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KUALA LUMPUR: Malaysia should take its commitment to fight against plastic pollution further by enforcing a total ban on dumping of solid plastic waste and scrap, according to the Asean Chamber of Com...
e27:
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From left to right, Patrick Grove, iflix Co-Founder and Chairman; Yong Dal Kim, COO of JTBC; and Mark Britt, iflix Co-Founder, and Group CEO Southeast Asia-wide streaming service iflix just announced...
Free Malaysia Today:
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BUTTERWORTH: A government-linked financier today indicated its willingness to provide financial assistance to tech start-ups in Malaysia, to stem the outflow of such initiatives to other countries.
Malay Mail:
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SEBERANG PERAI, April 24 — A government-linked financier, Malaysia Debt Ventures Berhad (MDV), is giving out loans to local startup technology companies in order to stop such companies from leaving ...
Tech in Asia:
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Indonesia-based logistics startup Sicepat Ekspres announced today that it has raised US$50 million last year.
CarSifu:
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KUALA LUMPUR: The official Ferrari distributors in three countries, Malaysia, Singapore and Thailand jointly celebrated their 10th anniversary here with an activity-packed weekend of track and road dr...
The Edge Markets:
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IT has been a challenging 12 months for thermoform food packaging manufacturer SCGM Bhd.
Tech in Asia:
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There’s an epidemic of overvaluation raging in Southeast Asia’s entrepreneurial community.
The Edge Markets:
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KUALA LUMPUR (April 23): The majority (77%) of Malaysian consumers valued 'security' as the most important element of the online experience, followed by 'convenience' (12%) and 'personalisation' (11%)...
Tech in Asia:
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Ride-hailing startup Go-Jek‘s Vietnam unit Go-Viet has appointed Christy Le to serve as its new general manager.
Digital News Asia:
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According to Kaspersky Security Network (KSN) year-on-year report, cyberthreats including local infections and malware hosting detected in Malaysia have significantly dropped between 2017 and 2018.
Tech in Asia:
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Dear readers, We continue our in-depth coverage of the action in Southeast Asia.
Tech in Asia:
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While much of Southeast Asia has embraced Huawei as the preferred provider of 5G communications equipment, Japan and South Korea seem to be hedging their bets, and India’s implementation of the tech...
Tech in Asia:
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Indonesia-based online grocery platform HappyFresh raised US$20 million in a series C round led by South Korea’s Mirae Asset Management and Naver.
The Star:
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PETALING JAYA: Industrial lighting manufacturer Success Transformer Corp Bhd (STC) is expected to benefit from the government’s plan to replace street lights nationwide with light-emitting diodes (LED) street lighting.
CarSifu:
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KUALA LUMPUR: Naza Italia has launched the Ferrari F8 Tributo, the new mid-rear engined two-seater sports car priced at RM1.068mil (excluding duty and customisation options).
The Edge Markets:
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KUALA LUMPUR (April 18): Jaks Resources Bhd is now planning to place out up to 10% of its shares to third party investors to raise up to RM54.97 million, four months after the group completed a rights...
Malay Mail:
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KUALA LUMPUR, April 18 — Malaysia has climbed 21 places to rank 123rd out of 180 countries in Reporters Without Borders’ (RSF) annual World Press Freedom Index, following the shock results of the ...
The Star:
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JAKARTA: With Indonesian President Joko Widodo on course to win a second term as leader, the political uncertainty that’s weighed on the economy this year will be lifted.
Tech in Asia:
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The past years have marked an exciting chapter for Tech in Asia.
Malaysiakini:
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Foreign investors desperate for more access to Indonesia’s huge market can take comfort from the re-election of Joko Widodo as president for a second and final term on Wednesday: according to govern...
Digital News Asia:
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THE Alipay-NUS Enterprise Social Innovation Challenge (Challenge), jointly launched by Alipay, a payment and lifestyle platform, operated by Ant Financial Services Group (Ant Financial), and NUS Enter...
The Edge Markets:
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KUALA LUMPUR (April 17): To support the growth of local small and medium enterprises (SMEs), Malaysian private investment firm RHL Ventures has launched a fund worth RM100 million, in which SME Corp M...
The Edge Markets:
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AFTER a turnaround last year, ACE Market-listed box-build manufacturer K-One Technology Bhd is banking on its newly-acquired cloud computing business to shore up its financial performance.
e27:
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Raja Hamzah, Managing Partner of RHL Ventures Malaysian private investment firm RHL Ventures has just announced a new US$24.3-million fund.
The Star:
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SINGAPORE: Oversea-Chinese Banking Corp. is looking for a Chinese firm to team up with on a securities joint venture on the mainland, the latest foreign bank seeking to capitalise on the nation’s financial-industry loosening.
The Edge Markets:
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KUALA LUMPUR (April 17): Argentina-based online platform Workana is entering the Southeast Asia market with Malaysia at its helm to provide freelancers with equal opportunities in the technology and c...
Digital News Asia:
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ON APRIL 16, Unilever announced a strategic investment in TheLorry, an on-demand platform which connects professional delivery drivers to customers.
Tech in Asia:
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The Unilever Foundry, the global startup collaboration platform of consumer goods giant Unilever, made a strategic investment in Malaysian on-demand logistics startup TheLorry, which plans to expand i...
The Edge Markets:
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(April 16): Nationalism has been a feature of political discourse in Indonesia since the republic's inception after World War II.
e27:
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1337 Ventures, a startup accelerator and early-stage VC firm based in Kuala Lumpur, is launching an accelerator programme, called “Alpha Startups: MyFintech Week” for Bank Negara Malaysia’s MyFi...
Star TV:
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Ever since China banned most imports of plastic wastes to the country, many Southeast Asia countries have jumped in to fill in the gap, and Malaysia was no exception.Greenpeace Malaysia revealed in th...
Tech in Asia:
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Dear readers, From the outside looking in, it sure seems like the Grab and Go-Jek funding war has the makings of a bubble – gigantic money chasing after vastly unprofitable businesses.
Malay Mail:
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KUALA LUMPUR, April 13 — Malaysian businesses will be able to reach 179 million active buyers worldwide by listing their products on eBay’s global marketplace.
The Edge Markets:
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KUALA LUMPUR/HONG KONG (April 12): QSR Brands (M) Holdings Bhd., which runs KFC and Pizza Hut outlets in Southeast Asia, aims to revive an initial public offering as soon as the fourth quarter, people...
The Star:
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HONG KONG: QSR Brands (M) Holdings Bhd., which runs KFC and Pizza Hut outlets in Southeast Asia, aims to revive an initial public offering as soon as the fourth quarter, people with knowledge of the matter said.
PaulTan.org:
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The FK8 Honda Civic Type R Mugen Concept that was seen at the Tokyo Auto Salon earlier this year is in town, the car making its first appearance in Southeast Asia at the 2019 Malaysia Autoshow, which ...
theSun:
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PETALING JAYA: The world’s tallest tropical tree, and possibly the tallest flowering plant, measuring over 100m high, has been found in Sabah.
SoyaCincau.com:
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Grab Malaysia is deploying an in-app facial recognition system that it says will be used to identify riders in the case of misconduct against drivers.
Tech in Asia:
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OLX Group, a global classifieds giant owned by Naspers, has invested US$56 million in Carousell for a 10% stake, a leading mobile classifieds startup in Southeast Asia, the company announced today.
Malay Mail:
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PETALING JAYA, April 11 — Grab Malaysia officially launched today its in-app facial recognition system developed with the Transport Ministry to let ride-hailing drivers capture their identities.
Tech in Asia:
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This article is part of a series by East Ventures (a Tech in Asia investor) revealing the behind-the-scenes stories of how it invested in Southeast Asia’s leading startups.
Malaysiakini:
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A study by global digital payments service provider, Visa Inc, has placed Malaysia at 19th among 73 countries in government e-payments adoption.
The Edge Markets:
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KUALA LUMPUR (April 11): Global sales of semiconductor manufacturing equipment jumped 14% year-on-year in 2018 to an all-time high of $64.5 billion from $56.62 billion in 2017, according to the US-bas...
Tech in Asia:
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US ride-hailing service Via Transportation has begun operating in Indonesia, offering minibus ride shares in Bekasi, an eastern suburb of capital city Jakarta.
Digital News Asia:
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AMALAN, a provider of fintech solutions to reduce the debt balance and loan installments for consumers and business owners, has started offering its services in Malaysia.
Free Malaysia Today:
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SEREMBAN: Negeri Sembilan MCA expects to see a slight increase in Chinese support for Barisan Nasional (BN) in the Rantau by-election this Saturday.
Tech in Asia:
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OLX Group, a global classifieds giant owned by Naspers, has invested at least US$42 million in Carousell, a leading mobile classifieds startup in Southeast Asia, according to a company filing obtained...
Tech in Asia:
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Grab needs growth. Its current series H funding round is now expected to balloon to US$6.5 billion, indicating that investors continue to show confidence in the company.
The Edge Markets:
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WITH medical cost inflation increasing at an alarming rate, healthcare could become unaffordable to vast segments of the population in the near future.
Lowyat.NET:
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Singapore’s biggest travel card issuer, EZ-Link together with its equivalent in Malaysia, Touch ‘n Go yesterday has announced that they will be launching a dual currency Combi Card later this year...
PaulTan.org:
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Touch ‘n Go and Singapore’s EZ-Link have announced that the development of a dual currency card that will enable users to pay for mobility in Malaysia and Singapore is making progress, and is targ...
Tech in Asia:
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AirTrunk, one of the region’s top-funded startups, just secured over US332 million in debt financing to bankroll its expansion in Singapore.
Tech in Asia:
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Grab needs growth. Its current series H funding round is now expected to balloon to US$6.5 billion, indicating that investors continue to show confidence in the company.
e27:
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Going down to the practical aspects of starting and running a business can be one of the harshest realities for a startup.
Digital News Asia:
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EZ-LINK Pte Ltd (EZ-Link), Singapore’s largest issuer of Cepas-compliant cards and Touch ‘n Go Sdn Bhd (Touch ‘n Go), Malaysia’s biggest multi-application e-purse on April 9 announced the prog...
Tech in Asia:
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Clozette – an eight-year-old company focusing on editorial and user-generated content about beauty, fashion, travel, and wellness – announced that it has raised US$10 million in series C funding f...
Lowyat.NET:
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Almost a month ago, Activision and Tencent announced Call of Duty: Mobile, the former’s franchise with an annual entry.
The Edge Markets:
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One sentence from Grab Holdings Inc.
Free Malaysia Today:
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SEREMBAN: Rembau MP Khairy Jamaluddin has defended the wealth of Barisan Nasional’s (BN) candidate for the Rantau by-election, saying Mohamad Hasan was a corporate figure before his foray into polit...
The Star:
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SINGAPORE: Grab is looking to raise another $2 billion this year to ramp up expansion, its CEO Anthony Tan told Reuters, just weeks after announcing over $4.5 billion of funding in what has become Southeast Asia's largest round of private financing.
Tech in Asia:
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Indonesian ride-hailing service Go-Jek’s value is now estimated at US$10 billion by US market intelligence firm CB Insights, putting it in the ranks of startups called “decacorns.” That would ma...
The Star:
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SINGAPORE: Grab expects to raise another $2 billion from strategic investors this year, the CEO of Southeast Asia’s biggest ride-hailing firm said, just weeks after it announced funding of over $4.5 billion in the region’s largest private financing round.
Tech in Asia:
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Dear readers, It’s been just over six months since we launched our media subscription product.
The Edge Markets:
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PETALING JAYA (April 5): Airbus Helicopters, the world’s leading helicopter manufacturer, is making Malaysia its maintenance, repair and overhaul (MRO) hub in Southeast Asia, following the integrati...
Tech in Asia:
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Vietnamese venture capital fund Nest Tech announced that it has invested an undisclosed amount in Waitrr, a Singapore-based mobile food ordering and payments solution startup.
Tech in Asia:
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Fintech venture builder Forum Capital is looking to launch an investment vehicle intended to bridge a funding gap for early-stage fintech startups in Southeast Asia.
Digital News Asia:
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SINGAPORE-based  leading SME lending platform Validus Capital (Validus) and Lighthouse Canton, an independent asset management and family office advisory services firm, jointly announce the reopening...
Tech in Asia:
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Grab has further expanded its GrabRewards loyalty program with a host of perks for its platinum- and gold-tier members who are traveling by airplane.
The New York Times:
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Advertisement Supported by By Austin Ramzy and Sharon Tan KUALA LUMPUR, Malaysia — Najib Razak, the former prime minister who sat at the pinnacle of a political machine that dominated Malaysia for m...
Tech in Asia:
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Sequoia India is looking to raise up to US$200 million for its Surge program for startups, sources said.
Tech in Asia:
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This article is from an episode on Asia VC Cast, a podcast hosted by Daniel Song.
Tech in Asia:
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India-based AI agtech startup Intello Labs today announced it’s closed a US$2 million seed round from Nexus Venture Partners and Omnivore.
Tech in Asia:
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BAce Capital, a venture capital firm targeting early-stage startups from India and Southeast Asia, has announced the raising of US$100 million from Alibaba-affiliated fintech giant Ant Financial as we...
Tech in Asia:
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Sequoia India named Rajan Anandan to serve as a managing director at the venture capital firm.
Tech in Asia:
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Uber has unveiled its new Asia-Pacific headquarters in Singapore – a market it exited early last year after selling its Southeast Asia business to erstwhile rival Grab.
The Star:
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KUALA LUMPUR: Several Malaysian entrepreneurs are among the 300 from 23 Asia-Pacific countries listed in the Forbes 30 Under 30 Asia this year.
Free Malaysia Today:
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KUALA LUMPUR: Malaysians are among 300 entrepreneurs from 23 Asia-Pacific countries listed in the Forbes 30 Under 30 Asia this year.
Vulcan Post:
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Today, Malaysia-based logistics startup TheLorry announced their success in raising USD5.85 million (approximately RM24 million) in a Series B funding round led by FirstFloor Capital, with other parti...
Tech in Asia:
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2018 was an eventful year for the ride-hailing industry in Singapore.
Digital News Asia:
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FOREIGN exchange (FX) technology solutions enabler Koku has raised US$2 million (RM8.16 million) in Pre-Series A funding.
Malaysiakini:
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Singapore submitted wide-ranging fake news legislation in parliament on Monday, stoking fears from internet firms and human rights groups that it may give the government too much power and hinder free...
e27:
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Southeast Asia-based TheLorry, the logistic platform headquartered in Malaysia, announced its US$5.85 million Series B fundraising led by FirstFloor Capital.
Tech in Asia:
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Dear readers, Recently, I’ve been catching up with a number of finance journalists in Singapore.
Tech in Asia:
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Which are the startups that are on the path to becoming the next big thing?
Malay Mail:
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KUALA LUMPUR, April 1 — The smartphone business is incredibly competitive and with its shrinking smartphone market share of below 1 per cent, Sony has grouped its struggling Xperia mobile division w...
The Star:
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BANGKOK: Inflation in Southeast Asia’s two biggest economies, Indonesia and Thailand, diverged in March, putting the two nations on possibly different monetary policy courses.
SoyaCincau.com:
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The smartphone business is incredibly competitive and with its shrinking smartphone market share of below 1%, Sony has grouped its struggling Xperia mobile division with its TV, audio and camera produ...
Tech in Asia:
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Citing App Annie data, Lazada CEO Pierre Poignant is claiming that his company was the top ecommerce app in Southeast Asia in 2018.
The Edge Markets:
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KUALA LUMPUR (April 1): United Overseas Bank Ltd (UOB) is the first organisation in Southeast Asia to enhance its portfolio of enterprise solutions with VMware Cloud on AWS.
Free Malaysia Today:
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SEREMBAN: Barisan Nasional’s Rantau by-election candidate, Mohamad Hasan, says a two-party system will benefit the public as it ensures that no ruling coalition will be able to govern for more than ...
Malaysiakini:
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RANTAU POLLS | The role of the opposition now is to ensure that Malaysia moves towards a two-party system where no ruling coalition can govern for more than three terms, says acting Umno president Moh...
The Edge Markets:
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KUALA LUMPUR (March 29): NTPM Holdings Bhd founder and managing director Lee See Jin has taken on an additional role as executive chairman of the group effective immediately.
Tech in Asia:
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Grab is in talks with PayPal and Alibaba’s Ant Financial as it considers spinning out its financial services unit to double down on its non-transportation business, according to sources.
Malay Mail:
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LANGKAWI, March 29 — The Langkawi International Maritime and Aerospace Exhibition 2019 (LIMA’19) is a major event that can position Malaysia as a hub for the defence industry in Southeast Asia, sa...
The Star:
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SINGAPORE/KUALA LUMPUR: A surge in demand for biofuel in China and in Europe -- despite controversial new rules in the bloc that may limit sales -- is proving a bright spot for palm oil, which has been plagued by mounting stockpiles in Malaysia.
Tech in Asia:
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A few years ago, the standardized accommodation market in Southeast Asia was all but nonexistent.
The Edge Markets:
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SHOULD the government choose to shut it down, Malaysia Airlines Bhd will go down as the first national airline in Asia to go bust (Japan Airlines emerged from bankruptcy after two years), joining the ...