Bintang Capital bags Innovative Investment award at Asean Business Awards 2023


KUALA LUMPUR: Bintang Capital Partners Bhd has won the Innovative Investment (for Micro, Small and Medium Enterprises) category at the Asean Business Awards 2023 that was held recently.

In a statement released, the Malaysian private equity firm said the award, which was hosted by the Asean Business Advisory Council (ABAC), is given to companies that demonstrate outstanding creativity in their investment strategies or financing models.

Bintang Capital’s founder and chief executive officer Johan Rozali-Wathooth said the group was happy that its efforts to promote impact investing in Southeast Asia had been recognised.

“We are deeply honoured by the award, and we hope that support for the impact investment ecosystem will grow so that Asean investors and companies alike will become more responsible stewards of our regions’ future from both environmental sustainability and social justice standpoints in their pursuit of growth and profits,” he said.

Bintang Capital has deployed US$50mil across a variety of impact strategies with a long term goal of creating 150 B Corporation certified portfolio companies by 2050.

Some of its recent investments included Involve Asia and Care Concierge, of which both were featured in the 2023 edition of Forbes Asia 100 To Watch.

Bintang Capital aims to create an impact across communities by its establishment of the Bintang Foundation Pledge whereby 10% of its profits will be committed to impact, charity and welfare initiatives in perpetuity going forward.

“One third of places within Bintang’s Internship Programs are reserved for high potential youth from under-represented and under-privileged communities,” Rozali-Wathooth said.

He added the group also advocates a responsible approach towards capitalism by combining purpose with a focus on people and planet to generate profits through innovation.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Puma sees softer first half as currency effects weigh
Malaysia's January PPI narrows to 0.6% - DoSM
Malaysia, Cambodia to convene joint trade committee - PM
Indonesia plans to double palm oil replanting subsidy to 60 mln rupiah per hectare
MISC's net profit slips to RM627.3mil in 4Q
Alibaba's South Asian e-commerce giant Daraz announces layoffs in memo
Unisem's net profit drops to RM28.44mil in 4Q
Banks warily warm up to Fed repo backstop
Businesses expect improve conditions in 1Q24 - DoSM
RHB Bank's FY23 net profit rises to RM2.81bil, declares 25c div/share

Others Also Read