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Business

Shake-up in government funds

PETALING JAYA: The government is likely to reorganise the various funds that were set up to venture into businesses related to the new economy, following their below par performance. This came about after it was discovered that some of the funds were not able to pay back the amounts due to the government, even after many years of restructuring efforts.

Business

No room for shadow play in the clean-up of GLCs

THERE are government-linked companies (GLCs) and Ministry of Finance (MoF) owned companies that need to be cleaned up. But in the process, those executives who are performing should not be shown the door.

Business

Short position

MALAYSIA has a history of its government seeking to support its local technology and innovation efforts by providing venture capital (VC) money.

Business Premium

The business of the ministries

IN this second article, on political economy issues that must be considered by political parties as they prepare for the 14 thGeneral Election, my focus is on modes of government intervention in the Malaysian economy. It is well-known that the government actively intervenes in the economy, primarily through the employment of government-linked companies (GLCs). However, what is not well-known is that federal ministries, under the control of cabinet ministers, also have control of GLCs.

Business

Select TV’s growth strategy for mobile app Roomie

PETALING JAYA: Roomie, a mobile app which provides hotel guests access to services via their smart devices, is a relatively new kid on the block operating in a market that appears to be overcrowded.

Business

Former Mavcap CEO to helm Federation of Investment Managers

KUALA LUMPUR: Datuk Norazharuddin Abu Talib has been appointed the Federation of Investment Managers Malaysia (FIMM) chief executive officer effective Monday.

Business

Axiata Digital Innovation Fund gets RM10mil investment from JCorp

KUALA LUMPUR: Malaysia’s largest corporate venture capital fund Axiata Digital Innovation Fund (ADIF) has received RM10mil in investment from Johor Corp (JCorp) to further drive Malaysia’s digital industry.

Business

Breakfast briefing: Friday, December 9

Breakfast briefing: Friday, December 9

Business

Mavcap aims to set up RM2bil investment funds

PETALING JAYA: Malaysia Venture Capital Management Bhd (Mavcap) has signed memoranda of understanding (MoU) with two international venture capital (VC) firms to set up investment funds of up to US$450mil (RM2bil).