The Malaysian Pulse
Beat of the Nation
Fri, 20 Sep 2019, 1:23 AM
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Topic: US$700 million

Tech in Asia:
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Korean P2P lender Terafunding raises $18m in series B round
South Korea-based peer-to-peer lending platform Terafunding has announced the completion of its US$18 million series B funding round that it closed in August.
Malay Mail:
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Validity of US 1MDB forfeitures still up in the air as Obaid continues challenge
KUALA LUMPUR, Sept 11 — Former PetroSaudi International chief executive Tarek Obaid has resumed his lawsuit in the US to challenge the country’s authority to forfeit assets he allegedly procured u...
Tech in Asia:
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Rising startups on Tech In Asia: marketing tech gets interesting
Which are the startups that are on the path to becoming the next big thing?
Tech in Asia:
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Rising startups on Tech In Asia: marketing tech gets interesting
Which are the startups that are on the path to becoming the next big thing?
Malay Mail:
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Britain at risk of losing leading edge in maritime services
LONDON, Sept 9 — Britain’s position as a top hub for maritime services is being eroded by competition, a loss of shipping finance business and the removal of tycoon-friendly tax breaks, a report s...
Tech in Asia:
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Alibaba acquires NetEase ecommerce platform Kaola for $2b
Two Chinese internet titans Alibaba and NetEase have struck a deal that will send NetEase’s ecommerce business, Kaola, to Alibaba for roughly US$2 billion.
Malay Mail:
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NetEase sells Kaola unit to Alibaba for US$2b
NEW YORK, Sept 6 — Nasdaq-listed gaming giant NetEase Inc said yesterday it agreed to sell its Chinese e-commerce business Kaola to Alibaba Group Holding Ltd for US$2 billion (RM8.4 billion).
Tech in Asia:
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Australian HR firm Culture Amp banks $82m in Sequoia China-led round
Australian employee analytics platform Culture Amp has secured US$82 million in a series E round led by new investor Sequoia Capital China, bringing its total funding to over US$158 million.
The Edge Markets:
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'Jho Low capable of pulling strings in govt, international banking entities'
KUALA LUMPUR (Sept 3): Fugitive businessman Low Taek Jho, who has been described as Datuk Seri Najib Razak's close aide, was capable of influencing government bodies and international banks to conduct...
The Edge Markets:
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Najib’s SRC trial: Najib’s contradiction over the RM42 mil transferred into his...
FORMER premier Datuk Seri Najib Razak’s claim in his current SRC International trial that he had no knowledge of the RM42 million transferred into his accounts was called into question last week whe...
Tech in Asia:
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In brief: Swiggy in advanced talks to raise up to $750m, sources say
India-based food delivery startup Swiggy is in advanced stages of a potential US$700 million to US$750 million round led by existing investor Naspers, according to a Livemint report that cited two peo...
EdgeProp.my:
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Contradicting himself, Najib's affidavit shows he knew RM42m was SRC money from 2016
KUALA LUMPUR (July 29): Datuk Seri Najib Razak's affirmed affidavit from another trial showed that the former premier knew that the RM42 million in his AmBank accounts came from SRC International Sdn ...
theSun:
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Najib admitted RM42m from SRC entered his accounts: Lawyer
KUALA LUMPUR: A lawyer told the High Court here today that Datuk Seri Najib Abdul Razak in a defamation suit against former Transport Minister Tun Dr Ling Liong Sik admitted that RM42 million from SRC...
The Edge Markets:
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Contradicting himself, Najib's affidavit shows he knew RM42m was SRC money from...
KUALA LUMPUR (July 29): Datuk Seri Najib Razak's affirmed affidavit from another trial showed that the former premier knew that the RM42 million in his AmBank accounts came from SRC International Sdn ...
Malay Mail:
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SRC trial witness: Najib admitted RM42m in SRC funds entered his account in affidavit
KUALA LUMPUR, July 29 — Datuk Seri Najib Razak previously submitted an affidavit for a 2018 defamation suit that confirmed RM42 million from SRC International Sdn Bhd had entered his bank accounts...
Malay Mail:
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Equifax to pay up to US$700m over data breach
WASHINGTON, July 22 — US credit monitoring agency Equifax agreed to pay up to US$700 million (RM2.88 billion) in a settlement stemming from a data breach that affected nearly 150 million customers, ...
Malay Mail:
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Equifax close to US$700m settlement for data breach, says report
WASHINGTON, July 20 ― US credit agency Equifax is close to a US$700 million (RM2.87 billion) settlement agreement with authorities over the theft of sensitive personal data of nearly 150 million cus...
Tech in Asia:
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In brief: WeWork CEO cashed out over $700m ahead of IPO, sources say
WeWork co-founder and CEO Adam Neumann cashed out over US$700 million from the company through stock sales and debt ahead of its initial public offering, The Wall Street Journal reported, citing peopl...
Free Malaysia Today:
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Najib said news on RM42 million damaged his career, ex-YR1M chief tells court
KUALA LUMPUR: The former CEO of Yayasan Rakyat 1Malaysia (YR1M) told the High Court in Najib Razak’s SRC International trial today that the former prime minister had told her that news about funds a...
Malay Mail:
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Witness: Najib said WSJ report on RM42m transfer into his personal account was damaging to his career
KUALA LUMPUR, July 17 — The High Court was told today that Datuk Seri Najib Razak was “very annoyed” by the Wall Street Journal’s (WSJ) report alleging the transfer of RM42 million into his pe...
Malay Mail:
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Three big summer movies in Malaysian cinemas right now
JULY 13 -- With the summer movie season in full swing now that we’re already in the middle of July, the big movies have been coming in thick and fast.
Malay Mail:
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Amazon to offer job skill training to 100,000 US workers
WASHINGTON, July 11 — Amazon announced plans today to offer job training to around one-third of its US workforce to help them gain skills to adapt to new technologies.
CarSifu:
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Chrysler saviour Lee Iacocca dies at 94
LOS ANGELES: Lee Iacocca, the US auto executive and television pitchman whose feel for consumers’ changing tastes helped produce the Ford Mustang and the Chrysler minivan and made him one of the fir...
Malay Mail:
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Report reveals how Jho Low funded The Malaysian Insider
KUALA LUMPUR, June 15 — Fugitive financier Low Taek Jho pumped US$9 million into The Malaysian Insider (TMI) in 2010 in a bid to salvage the now-defunct news portal then under attack from Umno, acco...
Malay Mail:
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US trade deficit with China shrinks on dip in imports
WASHINGTON, May 9 — The US trade deficit widened in March, reversing the dip in February, but amid a high-stakes trade war the gap with China narrowed, according to government data released today.
Malay Mail:
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Under pressure from Trump, GM in talks to sell idled Ohio plant
WASHINGTON, May 9 ― Under pressure from President Donald Trump, General Motors Co said yesterday it was in talks to sell an idled northeast Ohio plant to a cash-strapped electric truck-building comp...
Malay Mail:
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Tesla seeks up to US$2.3b from share, debt issues
NEW YORK, May 2 — Tesla Inc announced plans to raise up to US$2.3 billion (RM9.5 billion) in new capital today, easing Wall Street concerns over the electric carmaker’s ability to see through its ...
CarSifu:
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Toyota abandons plan to install US connected vehicle tech by 2021
WASHINGTON: Toyota Motor Corp said it was halting plans to install Dedicated Short-Range Communications technology on US vehicles aimed at letting cars and trucks communicate with one another to avoid...
CarSifu:
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Ford invests US$500mil in electric vehicle startup Rivian
Scaringe (left) with Bill Ford.
Malay Mail:
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Tesla promises return to profit in Q3 after first-half losses
NEW YORK, April 25 — Tesla Inc lost US$700 million (RM2.89 billion) in the first quarter but predicted it would return to profit in the third quarter as it cuts costs and improves delivery after fac...
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