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PETALING JAYA: Lestari Capital has launched the Rimba Collective, an initiative with the aim of delivering US$1bil (RM4.14bil) to forest protection and restoration in South-East Asia over a 25-year duration.
ONE of the biggest challenges that Malaysia has been grappling with over the past year is the spike in unemployment rates, a situation that was made worse by the Covid-19 pandemic.
JAKARTA: Indonesia’s Traveloka is in advanced talks to go public through merging with Bridgetown Holdings Ltd, a blank-cheque firm backed by billionaires Richard Li and Peter Thiel, according to people familiar with the matter.
Washington: The idea of forgiving debt held by poor countries in exchange for “green” investments gained ground this week during the spring meetings of the International Monetary Fund (IMF) and World Bank, with concrete proposals expected in time for a global climate summit this fall.
HONG KONG: Zhejiang Geely Holding Group Co is considering raising about US$1bil (RM4.13bil) to help expand its iconic British sports and racing automotive business Lotus Cars into the electric vehicles (EVs) market in China, according to people familiar with the matter.
TEXAS: GameStop Corp chief executive officer George Sherman forfeited about 587,000 restricted shares of the video-game retailer, or almost US$98mil (RM402mil) at current prices, after failing to meet performance targets.
WITH Malaysia entering gradual recovery, businesses need to look beyond survival and aim for long-term sustainability.
SINGAPORE/HONG KONG: Banks including DBS Group, Mitsubishi UFJ Financial Group (MUFG), OCBC and Standard Chartered are set to bid for parts of Citigroup's consumer business in Asia, people with direct knowledge of the matter told Reuters.
SINGAPORE (Reuters) - Banks including DBS Group , Mitsubishi UFJ Financial Group (MUFG), OCBC and Standard Chartered are set to bid for parts of Citigroup's consumer business in Asia, people with direct knowledge of the matter said.