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MaGIC denies allegations of quid pro quo deal with Uber

PETALING JAYA: The Malaysian Global Innovation and Creativity Centre (MaGIC) has refuted allegations of its involvement in any quid pro quo arrangement with the ride-sharing service Uber.

Venture fundraising in yuan soars as investors target Chinese tech firms

HONG KONG: China-focused venture capital funds are increasing their bets on local technology companies and a further opening of Chinese domestic capital markets, raising money in the yuan at the fastest pace in five years.

Fund managers have raised 95.8 billion yuan ($14.54 billion) this year through late September in funds denominated in the Chinese currency, which is also known as the renminbi, compared with 56.7 billion yuan in all of 2016.

Hamzah: KR1M being upgraded

KUALA LUMPUR: The temporary closure of the Kedai Rakyat 1Malaysia (KR1M) is part of the upgrading process as announced in July, said Datuk Seri Hamzah Zainudin.

Temporary closure of KR1M part of upgrading process

KUALA LUMPUR: The temporary closure of the Kedai Rakyat 1Malaysia (KR1M) is part of the upgrading process as Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said in July, said Minister of Domestic Trade, Cooperatives and Consumerism Datuk Seri Hamzah Zainudin.

Leading bull run on the streets of KL

LEADING property developer S P Setia was the main sponsor in support of The Bursa Bull Charge (TBBC) 2017 held at the Exchange Square of Bursa Malaysia.

Bursa Malaysia CEO Datuk Seri Tajuddin Atan (back row, fourth from left), Koe (back row, fifth from left) and the event mascots with Team Setia at the event.

Saudi Arabia to unblock internet calling apps

Riyadh (AFP) - Saudi Arabia will lift its ban on internet calling applications on Wednesday, authorities said, easing restrictions online as the conservative kingdom faces new criticism over censorship.

Saudi Arabia will lift its ban on internet calling applications on Wednesday, such as Skype, easing restrictions online as the conservative kingdom faces new criticism over censorship.-AFP

Saudi Arabia to unblock Internet calling apps

Saudi Arabia will lift its ban on Internet calling applications on Sept 20, authorities said, easing restrictions online as the conservative kingdom faces new criticism over censorship.

Voice and video calling apps such as WhatsApp and Skype will be “widely available to users”, a government statement said. — AFP

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm

Development financial institutions can be an agent of change, says BNM Governor

KUALA LUMPUR: "Properly structured development institutions can be a potent agent of change for private sector investment, drive growth, and forge inclusive societies," said Tan Sri Muhammad bin Ibrahim, Governor of Bank Negara Malaysia.

MaGIC Activate goes regional

KUALA LUMPUR: Malaysian Global Innovation & Creativity Centre (MaGIC) has partnered 17 Southeast Asian entrepreneurship community builders to form Asean Activate, a regional extension of the MaGIC Activate platform.

Ashran (centre) with the local partners of Asean Activate and their certificates of membership

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