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Why IPOs are becoming more scarce

INCREASINGLY, initial public offerings (IPOs) are becoming more scarce. And when they do take place, they are less attractive.

And now in countries like Malaysia, the good news is that licensed platforms are affording the public to participate in equity crowd-funding and peer-to-peer lending options.  There is also the Leap Market in which companies not quite ready for a full blown listing are able to get listed.

HSL gets digital village job

KUCHING: Hock Seng Lee Bhd has been appointed as the contractor for the RM27mil digital village project at Sama Jaya High Tech Park here.

According to Tegas chairman Datuk Len Talif Salleh(pic), who is also Sarawak Assistant Minister for Urban Planning, Land Administration and Environment, the project would take 18 months to complete

Unconscionable for banks to seek refuge behind exclusion clauses

In April 2008, a British couple living in the United Kingdom obtained a loan facility of RM715,487 to finance the purchase of their property in Malaysia. It was a term of the loan facility that the bank would make progressive payments to the developer against certificates of completion issued by the architect at each progress billing.

All in all, the Malaysian Bar Council welcomes this decision which protects borrowers who are often at the mercy of this unequal bargaining with the powerful financiers, says Roger TanPic), who is is the chairman of the Conveyancing Practice Committee, Bar Council, Malaysia.

Dalian posts revenue drop for third straight year

SHANGHAI: Chinese conglomerate Dalian Wanda Group’s revenue fell by 5.7% in 2018 as the company sought to relieve debt pressure by offloading domestic and overseas holdings amid a government crackdown on leverage and overseas acquisitions.

Owned by tycoon Wang Jianlin, one of China’s richest men, Wanda has been squeezed by government pressure to cut down on what Beijing sees as irrational overseas deals.

Indonesia plans investment tools to keep amnesty funds onshore

JAKARTA: Indonesian authorities are working to develop new investment instruments with “good” returns in a bid to retain onshore more than US$10bil that was repatriated under a tax amnesty programme three years ago, with officials acting before a lock-in period on the funds expires later this year.

Giving back through educational efforts

COMPANIES that have attain a certain level of success often try to give back to the community through various CSR initiatives. This may include a jumble of random efforts like making visits to orphanages and making donations to charitable organisations.

Educating the young: Orando organises contests for students to help them be far-sighted and to encourage them to think progressively, says Eng.

W Hotel near Petronas Twin Towers for sale for RM360mil

PETALING JAYA: W Hotel joins a list of other hotels for sale, with owner Tropicana Corp Bhd believed to be asking RM360mil for it, according to sources. This translates to RM2.4mil a room, which two out of three sources said is “a bit high”. The hotel started accepting guests in the second half of last year.

At night, the facade of the W Kuala Lumpur lights up in pink and purple. — WONG LI ZA/The Star"