Malaysia’s Kenanga Investors launches fund for investing in unicorns

Malaysia’s Kenanga Investors launches fund for investing in unicorns

Aviation and Aerospace, Community Initiative, Creative Arts & Design, Digital Economy, Entrepreneurs, Farming & Agriculture, FinTech, Fishing, Industry 4.0, Renewable Energy, Sarawak, Smart City
The Malaysia-based investor firm said the fund seeks to provide investments to unicorn startups Kenanga Investors Berhad (“Kenanga Investors”), a subsidiary of Kenanga Investment Bank, announced that it has launched Kenanga Global Unicorn 1 (KGU1), which aims for medium-term returns by investing in unicorn companies. The fund feeds into the Ericsenz-K2 Global Unicorn Fund, which involves two VC firms (Ericsenz and K2 Global) heading the investment strategy. It will be managed by Ericsenz Capital, a Singapore-based venture capital and private equity firm. The VC typically invests in high growth middle-market companies primarily within the technology, healthcare, consumer, and energy sector. For K2 Global, the Silicon Valley venture capital firm will help with accessing late-stage private technology companies located in tech hubs. Unicorns are privately held startup companies, with near term…
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S’wak digital economy strategy in early stages of implementation, says CM

S’wak digital economy strategy in early stages of implementation, says CM

Aviation and Aerospace, Community Initiative, Creative Arts & Design, Digital Economy, Entrepreneurs, Farming & Agriculture, FinTech, Fishing, Industry 4.0, Our Community, Renewable Energy, Sarawak, Smart City, Social Innovation
KUCHING: Sarawak's digital economy strategy is now in the early stages of implementation, with various projects and initiatives being rolled out by the state government. Chief Minister Datuk Patinggi Abang Johari Tun Openg said one early initiative was an online identification and authentication system called Sarawak ID, which enables the public to access and use the state government's online services. "The Sarawak ID is the first step towards a service-based, people-centric government. Twenty government services are now online and registered Sarawak ID users benefit from the flexibility and ease of access to these services. "In the near future, more innovative, personalised and seamless services will be introduced," he said when opening the International Digital Economy Conference Sarawak 2019 at Borneo Convention Centre Kuching on Monday (July 8). As of July…
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Syarikat Sarawak digalak manfaat kemudahan pelaburan disediakan kerajaan persekutuan

Syarikat Sarawak digalak manfaat kemudahan pelaburan disediakan kerajaan persekutuan

Aviation and Aerospace, Community Initiative, Creative Arts & Design, Digital Economy, Entrepreneurs, Farming & Agriculture, FinTech, Fishing, Industry 4.0, Our Community, Renewable Energy, Sarawak, Smart City
TERIMA KASIH: Arham menyampaikan cenderamata kepada Pengerusi Serba Dinamik Sdn Bhd Abdul Kadier Sahib (kiri) yang merupakan salah seorang penceramah jemputan sempena seminar. — Gambar Muhammad Rais Sanusi KUCHING: Pemain syarikat domestik Sarawak digalakkan untuk memanfaatkan sepenuhnya kemudahan pelaburan yang disediakan kerajaan persekutuan untuk bergerak ke arah Industri 4.0. Timbalan Ketua Pegawai Eksekutif I Lembaga Pembangunan Pelaburan Malaysia (MIDA) Arham Abdul Rahman berkata, kerajaan berusaha menyediakan kemudahan menerusi pelbagai insiatif bagi membantu golongan berkenaan dalam mengembangkan pelaburan mereka. “Ia termasuk pakej insentif seperti Status Perintis, Elaun Cukai Pelaburan dan Dana Strategik Pelaburan Domestik. “Terdapat juga insentif pengeluaran robotik iaitu Elaun Modal Automasi untuk menggalakkan automasi dalam industri pengilangan dan Skim Pinjaman Mudah untuk Automasi dan Modenisasi (SLAM) untuk meningkatkan proses, keupayaan pengeluaran dan kepelbagaian dalam aktiviti nilai tambah lebih tinggi,” ujarnya.…
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Transforming Sarawak’s rural areas

Transforming Sarawak’s rural areas

Aviation and Aerospace, Community Initiative, Creative Arts & Design, Digital Economy, Entrepreneurs, Farming & Agriculture, FinTech, Fishing, Industry 4.0, Our Community, Renewable Energy, Sarawak, Smart City, Social Innovation
A visit to a longhouse or a village in the interiors of Sarawak will enlighten one on the lifestyle of the people in the rural area. Some are farming and selling their crops to make a living while others are working as labourers in the mining, oil palm, construction and timber sectors in a small town or ‘pekan’ to sustain their livelihood and support their families. Normally, the men are the breadwinners of a family while the women will take care of the household chores and their children. Some women will also support their families by bringing harvested crops and produces such as vegetables from farm to sell at the markets in nearby towns. The hardship of living life in rural areas has prompted the people to yearn for better…
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Neighborhood social network Nextdoor raises $123 million at $2.1 billion valuation

Neighborhood social network Nextdoor raises $123 million at $2.1 billion valuation

Aviation and Aerospace, Creative Arts & Design, Digital Economy, Entrepreneurs, FinTech, Industry 4.0, Smart City
Above: Nextdoor for iPhone Nextdoor, the social network aimed at local neighborhoods, has raised $123 million in a round of funding led by Riverwood Capital, with participation from Benchmark, Tiger Global Management, Kleiner Perkins, and an undisclosed “large global asset manager.” This takes Nextdoor’s total raised to more than $400 million since its inception and gives it a valuation of $2.1 billion — around $600 million more than its reported valuation at its last round of funding in late 2017. Founded out of San Francisco in 2010, Nextdoor is like Facebook, except it focuses on connecting people in local areas. While Facebook caters to these scenarios itself though Facebook Groups, Nextdoor’s laser focus on “local” has helped it continue to grow beyond the U.S. to the U.K., Germany, France, Italy,…
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Insiden serangan di Teluk Oman: Malaysia gesa siasatan terbuka

Insiden serangan di Teluk Oman: Malaysia gesa siasatan terbuka

Aviation and Aerospace, Industry 4.0, Renewable Energy
KUALA LUMPUR: Malaysia menggesa bagi siasatan antarabangsa yang terbuka, telus dan objektif berhubung insiden serangan semalam ke atas dua kapal tangki di Teluk Oman. Wisma Putra dalam satu kenyataan pada Jumaat berkata Malaysia amat bimbang terhadap ketegangan yang memuncak di Timur Tengah, yang merupakan kawasan penting bagi kepentingan Malaysia dan dunia. “Tindakan ke atas kapal komersil awam adalah pelanggaran undang-undang antarabangsa adalah jelas, mencabuli undang-undang antarabangsa, mengancam kebebasan navigasi antarabangsa dan kebebasan perdagangan. Malaysia menggesa semua pihak supaya bertenang dan mengelakkan sebarang tindakan yang boleh meningkatkan lagi ketegangan di rantau itu,” kata Wisma Putra. Menurut Wisma Putra, Malaysia akan menyokong sebarang usaha yang tidak berat sebelah bertujuan untuk meredakan ketegangan dan menyelesaikan konflik yang berlaku di rantau tersebut. Kapal tangki yang mengibarkan bendera Kepulauan Marshal dalam pelayaran dari Qatar ke…
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11 Great Inventions We Need to Thank Malaysia For

11 Great Inventions We Need to Thank Malaysia For

Aviation and Aerospace, Creative Arts & Design, Digital Economy, Entrepreneurs, Farming & Agriculture, FinTech, Industry 4.0, Renewable Energy, Sarawak, Smart City
When you think of Malaysia, you may picture mouth-watering delicacies such as nasi lemak, tropical beaches, and natural rainforests. Or the iconic sights of the KL Tower, Petronas Twin Towers, and Batu Caves. But what about the inventions that represent Malaysia’s culture and support the everyday lives of locals? Here are the great things that you may not know were created by Malaysians. Gasing ‘spinning tops’ Gasing, known as spinning tops, are carved by the villagers in Kelantan and Melaka. They believe that spinning tops would bring a good harvest. Every rice harvest season, villagers challenge each other to see who has the best skills in spinning tops. Made of wood, iron or steel, the tops come in various sizes weighing between 0.1kg to 5kg. Today, associations such as the…
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TOP 50 MOST FUNDED DIGITAL STARTUPS IN ASEAN IN 2018

TOP 50 MOST FUNDED DIGITAL STARTUPS IN ASEAN IN 2018

Aviation and Aerospace, Brunei, Community Initiative, Creative Arts & Design, Digital Economy, Entrepreneurs, Farming & Agriculture, FinTech, Fishing, Industry 4.0, Kalimantan, Our Community, Renewable Energy, Sabah, Sarawak, Smart City
1. Singapore – GRAB ($5.8 billion) Grab is Southeast Asia’s leading ride-hailing platform that offers the fastest booking service for taxis, private cars and motorbikes through one mobile. Their go-to-market strategies and campaign have successfully garnered countless users across 6 countries in less than four years. 2. Singapore – Sea (Garena) ($2.0 billion) Garena is a leading platform provider for online PC and mobile digital content in Southeast Asia and Taiwan, as well as the exclusive operator in the region for popular titles such as League of Legends, FIFA Online 3, Point Blank, Blade & Soul and Arena of Valor. 3. Indonesia – Tokopedia ($1.1 billion) Tokopedia’s mission is to democratize commerce through technology. Since its founding in 2009, Tokopedia has been a force that pioneers digital transformation in Indonesia. 4. Malaysia –…
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Top 20 best funded startups in Malaysia

Top 20 best funded startups in Malaysia

Aviation and Aerospace, Community Initiative, Creative Arts & Design, Digital Economy, Entrepreneurs, Farming & Agriculture, FinTech, Fishing, Industry 4.0, Our Community, Renewable Energy, Sarawak, Smart City
With one of the most developed digital economy in the region, Malaysia is a key country for startups in Southeast Asia. With a maturing startup eco-system, Malaysia is home to an ever-growing number of companies that aim at developing a solid base of operations there before expanding abroad. The startups and technology companies listed hereafter are involved in a number of industries and businesses, from digital media to e-commerce, financials services to software and much more, Malaysian startups are engaged in the development of new verticals and the disruption of a broad range of industries. Not as famous as some startups from Singapore, Malaysian startups often focus on small business niches and tackle professional problems. But even though they have not yet joined the restrictive group of unicorns of Southeast Asia, Malaysian startups…
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Boost for tourism industry at Sabah’s east coast

Boost for tourism industry at Sabah’s east coast

Aviation and Aerospace, Brunei, Creative Arts & Design, Digital Economy, Entrepreneurs, Sabah
Mohamaddin when interviewed at the open house. LAHAD DATU: The Tourism, Art and Culture Ministry will work on finding funds to boost the tourism industry and enhance tourism products at Sabah’s east coast. Its minister, Datuk Mohamaddin Ketapi, said efforts were also being made to attract more local and foreign tourists as well as boosting eco-tourism in the area. Mohamaddin said Silam for example had several tourist attractions that could be visited, such as the Tower of Heaven, Danum Valley, Tabin Wild Reserve and others. “We (the ministry) will promote tourism attractions in Malaysia including here in Silam as well as in Sabah through the Travel Mart outside the country. “In the coming months, we will attend more travel marts including those in Beijing, Russia and Europe,” said the Silam…
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