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Interim protection sought for ashram

THE National Heritage Commission has applied for an interim protection order under Section 33 of the National Heritage Act 2005 to protect the century-old Vivekananda Ashram from any immediate threat while the department processes its application to gazette the iconic structure in Brickfields as a heritage building.

Global banks muscling into Indian startup scene

Late to the party, global investment banks are determined to get a slice of the action from the booming startup scene.

Probing benefits of bird’s nest

UNIVERSITI Malaya (UM) is working with Royal Bird’s Nest Sdn Bhd to study the medicinal values of bird’s nest.

Rocket’s holding course

Berlin-based e-commerce investor Rocket Internet, which has Lazada among others in its stable, says profitability takes time as it’s in the business of building companies, and not M&As.

Enthusiasm for unicorns cool

The best stock-picker in the US turns cautious on the so-called unicorns — startups given valuation of US$1bil or more before they even list.

Spurring on the startup industry

CROWD-FUNDING entity pitchIN is the latest of several companies to launch an equity crowd-funding (ECF) platform, giving emerging companies and startups more options to turn to when they want to take their businesses to the next level.

Briefs

SMEBiz news in brief.

SMEs lured to risky pre-IPO financing

The financing method is innovative, but poses high risk to SMEs and unprotected investors, warns HO WAH FOON.

We’re always on Steinbeis

Steinbeis Malaysia, an organisation that bridges the gap between businesses and subject matter experts, says it’s ready to help companies get to market quickly whether the issues faced are technical, regulatory or otherwise. JESSIE LIM reports.

Listing board to energise SMEs

The proposal to set up an SME equity market for startups and smaller companies that don’t qualify for ACE market will provide a cost-effective way to raise funds, reports HO WAH FOON.