Funding

SC Malaysia Sets RM40 Billion Fundraising Goal for MSMEs and MTCs by 2028

The Securities Commission Malaysia (SC) has introduced a 5-year roadmap to enhance the capital market as a viable financing source for micro, small, and medium enterprises (MSMEs) and mid-tier companies (MTCs). The “Catalysing MSME And MTC Access to the Capital

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Microsoft to Build AI Centre in Malaysia as Part of US$2.2 Billion Investment

Microsoft has announced a major US$2.2 billion investment in Malaysia, aimed at enhancing the country’s digital and AI infrastructure over the next four years. This move represents one of the largest single investments by the tech giant in Malaysia, second

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RHB and Boost Holdings Collectively Invest RM9.5 Million in Digital Bank

RHB Bank has announced an investment of RM3.8 million to purchase 3.8 million new shares in Boost Bank, in order to maintain its 40% stake in the digital bank. This transaction was funded by the incumbent bank’s internally generated funds.

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HSBC ASEAN Growth Fund Targets Scaling Digital Companies with US$1 Billion

HSBC has unveiled a US$1 billion ASEAN Growth Fund that targets six of the region’s most rapidly developing countries, aiming to enhance the capabilities of digital platform enterprises. The HSBC ASEAN Growth Fund includes Indonesia, Malaysia, Philippines, Singapore, Thailand, and

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Soft Space Secures Pre-series C Funding From Japan’s GMO Financial Gate

Malaysian fintech Soft Space has secured an investment from GMO Financial Gate, Inc. (GMO-FG), a major player in Japan’s payment processing industry, for its pre-Series C funding round. Financial details of the investment were not revealed. The collaboration aims to broaden

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EPF and Gobi Partner on RM250 Million Fund, Financial Inclusion Among Key Focus

The Employees Provident Fund (EPF) has announced a strategic collaboration with Pan-Asian venture capital firm Gobi Partners, committing RM250 million to support the growth of mid-to-growth stage companies in Malaysia. This partnership is aimed at fostering the development of various

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SC and Bursa Malaysia to Shorten IPO Approval Timeline to 3 Months

The Securities Commission Malaysia (SC) and Bursa Malaysia have announced a new initiative to expedite the approval process for initial public offerings (IPOs) on both the Main Market and the ACE Market, aiming for a three-month turnaround. This streamlined approach

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Maybank Announces RM18 Billion SME Financing Plan for 2024

Maybank has announced its plans to disburse approximately RM18 billion in SME financing for the year 2024, according to Bernama. This marks a 13 percent increase from the previous year, aiming to expedite the transition of its customers towards more

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RHB Invests RM8.6 Million in Boost Bank, Maintains 40% Stake in Digibank

RHB Bank has further invested RM8.6 million in Boost Bank, subscribing for an additional 8.6 million shares to maintain its 40% stake in the digital banking venture. According to The Star, this follows Boost Holdings Sdn Bhd’s (BHSB) similar injection

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Khazanah, CGC Digital Invests in Funding Societies to Bridge RM 90B Funding Gap

Malaysia’s sovereign wealth fund Khazanah Nasional and CGC Digital have made a strategic investment in SME digital financing platform Funding Societies. The sum was not disclosed. The investment is expected to enable Funding Societies to expand its reach beyond beyond

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