The Malaysian Pulse
Beat of the Nation
Thu, 17 Oct 2019, 8:52 PM
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Topic: Singapore

CarSifu:
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Singapore’s Ryde to launch carpooling service here on Nov 1
Zou says Ryde will not take any commission on payments.
EdgeProp.my:
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RTS to proceed, but will take some time: PM
KUALA LUMPUR (Oct 17): Prime Minister Tun Dr Mahathir Mohamad confirms today that the government will proceed with the Johor Bahru-Singapore Rapid Transit System (RTS) project, but says “it will tak...
EdgeProp.my:
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Malaysia's A-G says no negotiation to drop charges against Goldman Sachs
KUALA LUMPUR (Oct 17): Malaysia's Attorney General Tan Sri Tommy Thomas said there are no plans to drop charges against Goldman Sachs and its directors as part of a settlement with the US investment b...
Fintech News Malaysia:
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PitchIN’s First ECF Exit with MyCash Online Gives its Investors 44.2% Returns
A group of MyCash Online investors have recently accepted a buyout offer for their shares from VC company 500 Startups.
e27:
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The initiative focusses on the decentralised manufacturing program at home to empower and create female microentrepreneurs
Zilingo, the online fashion retail startup headquartered in Singapore, launches a women-empowering initiative called SheWorkz, seeking to give women at home a chance to monetise their free time and sp...
Tech in Asia:
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Singapore fintech firm Global Digital Payments raises $1m in seed funding
Global Digital Payments (GDP), a fintech startup based out of Singapore looking to serve small to mid-size enterprises, has raised US$1 million in seed funding from angel investors.
Tech in Asia:
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One Championship, JustCo, and Axinan on the growth conundrum
Growth above all else. It’s the mantra that many, if not most, early-stage tech startups live by: If you’re adding customers at a fast enough rate, the logic goes, then revenues – and eventually...
The Star:
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Local governments urged to fulfil 17 SDGs by 2030
GEORGE TOWN: All 150 local governments in the country have been urged to fulfil the 17 Sustainable Development Goals (SDGs) by 2030.
Malay Mail:
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PM: Govt to study rail system, hopes to emulate Tokyo Station’s efficiency
KUALA LUMPUR, Oct 17 — The government will undertake a study on how to ensure Malaysia’s rail system is fully utilised.
The Edge Markets:
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RTS to proceed, but will take some time – PM
KUALA LUMPUR (Oct 17): Prime Minister Tun Dr Mahathir Mohamad confirms today that the government will proceed with the Johor Bahru-Singapore Rapid Transit System (RTS) project, but says “it will tak...
The Edge Markets:
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Malaysia's A-G says no negotiation to drop charges against Goldman Sachs
KUALA LUMPUR (Oct 17): Malaysia's Attorney General Tan Sri Tommy Thomas said there are no plans to drop charges against Goldman Sachs and its directors as part of a settlement with the US investment b...
Malay Mail:
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Ringgit ends higher on renewed Brexit optimism
KUALA LUMPUR, Oct 17 — The ringgit ended higher today following renewed optimism in the foreign exchange market after the United Kingdom and the European Union have agreed on a new Brexit deal, said...
Malay Mail:
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Minister: Madrid Protocol will facilitate international trademark registration for Malaysian entrepreneurs
KUALA LUMPUR, Oct 17 — The Trademarks Act 2019 which was passed by Parliament in July, allowed the nation to join the Madrid Protocol to enable local entrepreneurs to register their product brands i...
The Star:
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KLCI closes off day low on Sime Plant, IOI Corp's gains
KUALA LUMPUR: Blue chips closed off their intra-day low on Thursday, underpinned by gains in Sime Plantation and IOI Corp as crude palm oil (CPO) prices inched up.
Channel NewsAsia:
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Malaysian PM Mahathir confirms RTS will proceed, but says it will ‘take some time’
KUALA LUMPUR: Malaysian Prime Minister Mahathir Mohamad on Thursday (Oct 17) confirmed that Putrajaya will proceed with the Rapid Transit System (RTS) Link between Johor Bahru and Singapore.
Free Malaysia Today:
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RTS will go ahead, says Dr M
KUALA LUMPUR: The Johor Bahru-Singapore Rapid Transit System (RTS) project, which was suspended in May, will continue, says Prime Minister Dr Mahathir Mohamad.
The Edge Markets:
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BIMB Investment expects 10%-15% growth for Shariah-ESG Equity Fund
KUALA LUMPUR (Oct 17): BIMB Investment Management Bhd expects between 10 per cent and 15 per cent growth for its Global Shariah-ESG Equity Fund over the next 12 months as the fund is now open for reta...
Malay Mail:
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Bursa Malaysia ends marginally lower in cautious trade
KUALA LUMPUR, Oct 17 — Bursa Malaysia ended marginally lower on cautious and range bound trade, in tandem with regional peers, following a lack of market catalysts, said a dealer.
The Star:
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Singapore REITs are on a record fundraising spree
SINGAPORE (Bloomberg): Singapore real estate investment trusts are back for more cash, pushing secondary share sales to record levels.
Free Malaysia Today:
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AG in talks to drop criminal charges against Goldman
KUALA LUMPUR: Malaysian authorities have been in talks with Goldman Sachs to drop criminal charges against three subsidiaries of the bank in connection with the 1MDB scandal, Attorney-General Tommy Th...
Malay Mail:
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Emerging markets stocks rise on trade optimism; Turkish lira holds steady
NEW YORK, Oct 17 — Emerging market stocks rose for the sixth straight session today buoyed by lingering trade optimism, while the Turkish lira held steady ahead of a top-level meeting between Turkey...
The Star:
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Manish Gupta appointed head of commercial banking at StanChart Malaysia
KUALA LUMPUR: Standard Chartered Malaysia has appointed Manish Gupta as its head of commercial banking, with effect from Oct 1.
EdgeProp.my:
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Sunway establishes private trust for student housing in UK
KUALA LUMPUR (Oct 17): Sunway Bhd is establishing a private trust in Singapore with an initial £38 million (about RM202 million) of assets under management (AUM) that focuses on purpose-built student...
e27:
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If you are just thinking about starting a business or already running a company, you can benefit from more than 30 different grant programmes
In Singapore, 99 per cent of the companies are Small and Medium-sized Enterprises (SMEs). They make up 47 per cent of the GDP.
Tech in Asia:
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One Championship, JustCo, and Axinan on the growth conundrum
Growth above all else. It’s the mantra that many, if not most, early-stage tech startups live by: If you’re adding customers at a fast enough rate, the logic goes, then revenues – and eventually...
The Star:
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Hong Kong protest demands are unrealistic, Singapore PM says
SINGAPORE: Protesters in Hong Kong are making unrealistic demands in an effort to take down the government, Singaporean Prime Minister Lee Hsien...
The Star:
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Over 26 million tourists brought in RM86.9bil in revenue, Dewan Rakyat told
KUALA LUMPUR: The Dewan Rakyat was told that a total of 26.45 million tourist arrivals had been recorded, generating a total of RM86.9bil worth of income between...
The Straits Times:
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Palm oil body to wield stick to get consumer goods giants to go green
KUALA LUMPUR (REUTERS) - A palm oil industry watchdog will adopt rules next month that will impose fines on consumer goods companies like Unilever and Nestle if they don't start buying more green palm...
AsiaOne:
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Singapore's Ryde to launch carpooling service in Malaysia in November
A new not-for-profit carpooling company, Ryde, is planning to roll out its service on Malaysian roads starting Nov 1.
The Edge Markets:
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Off-Market Trades: Green Ocean Corp Bhd, Green Packet Bhd, Prinsiptek Corp Bhd...
BETWEEN Sept 25 and Oct 1, the most notable off-market transaction was at Green Ocean Corp Bhd, where Tawaria Sdn Bhd ceased to be a substantial shareholder after disposing of 26.34 million shares or ...
The Edge Markets:
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Markets tepid as trade optimism ebbs; Indonesia ticks up
(Oct 17): Most Southeast Asian stock markets were tepid on Thursday, as hopes of a Sino-U.S. trade deal waned amid a lack of concrete details, while the Indonesian index extended gains ahead of Presid...
The Star:
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KLCI dips on profit-taking at midday
KUALA LUMPUR: Investors turned to profit-taking on the domestic market after a brief advance in the early morning session, on the back of strong gains in the previous...
e27:
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Insignia Ventures’ first fund was at US$120 million last year, claimed to be the largest maiden vehicle by a Southeast Asian venture capital firm
Insignia Ventures Partners, Singapore-based venture capital group announces that it has closed an oversubscribed second fund at US$200 million, The Business Times reported.
Vulcan Post:
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7 Details About The Google Pixel 4 You Should Know Before Buying It
Every year, Google Pixel launches are roughly the same, and the Pixel 4 is no different.
Tech in Asia:
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Singapore’s Insignia Ventures Partners closes second fund with $200m
Singapore-based Insignia Ventures Partners has closed its second fund, drawing in US$200 million from premier institutional investors such as sovereign wealth funds, university endowments, foundations...
AsiaOne:
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Oh, no! Not Singapore: Malaysia dread possible clash with Singapore shuttlers at SEA Games
PETALING JAYA - The last thing Malaysian badminton wants is to lose face to Singapore in the SEA Games but that could happen if the men's team do not tread with caution.
AsiaOne:
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Singapore's Ryde to launch carpooling service in Malaysia in November
A new not-for-profit carpooling company, Ryde, is planning to roll out its service on Malaysian roads starting Nov 1.
The Edge Markets:
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Ringgit higher against US dollar at opening on weaker US retail sales
KUALA LUMPUR (Oct 17): The ringgit opened higher against the US dollar on renewed interest from investors after the US retail sales showed a negative data figure, a dealer said.
Malay Mail:
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Ringgit opens higher on buying interest
KUALA LUMPUR, Oct 17 — The ringgit opened higher against the US dollar on renewed interest from investors after the US retail sales showed a negative data figure, a dealer said.
The Star:
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Ringgit higher vs US$ on weaker US retail sales
KUALA LUMPUR: The ringgit opened higher against the US dollar on renewed interest from investors after the US retail sales showed a negative data figure, a dealer said.
The Star:
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Sunway sets up Singapore trust to invest in student housing
PETALING JAYA: Sunway Bhd has established a private trust in Singapore with an initial asset under management of approximately RM202mil that will invest in...
e27:
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E-scooter-sharing startup Popscoot has pivoted to a gamification platform, which provides an avenue for brands to interact with commuters in an affordable and engaging way
When bicycle-sharing caught the frenzy in China around 2017, Kelvin Ng and Justin Seow sensed a similar opportunity in their home country Singapore.
theSun:
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3,000 cartons of duty-unpaid cigarettes seized at Tuas checkpoint in 3 days
SINGAPORE: Within a span of three days, more than 3,000 cartons of duty-unpaid cigarettes were seized at Tuas Checkpoint by Immigration and Checkpoints Authority (ICA) officers on Saturday (Oct 12) an...
The Star:
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MEF: Govt should help bear maternity leave cost
PETALING JAYA: The government should share the burden of funding female employees’ maternity leave instead of passing this fully to the bosses when it raises...
The Star:
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Southeast Asia's mobile payments face shakeout as market booms
HO CHI MINH CITY/HONG KONG/SINGAPORE: Just next to Ho Chi Minh City's financial district, two dozen street vendors' stalls display colourful adverts for...
The Star:
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Palm oil price rises as Malaysia looks to repair ties with India
SINGAPORE: Malaysian palm oil futures rose over 1.5% on Wednesday after the government said it will import more products from top palm buyer India in a bid to...
The Star:
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South-East Asia has a weight problem
Starting next year, Singapore will treat packaged sugary drinks such as Coca-Cola the way that other countries treat cigarettes. Advertisements will be banned, and a...
The Straits Times:
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Concern over foreign invasion, real estate bubble
Malaysia's plan to lower the minimum price at which foreigners are eligible to buy homes is meant to tackle the property glut, but analysts warn it could create a property bubble instead.
Digital News Asia:
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MyCash partners Bangladeshi bank to bring financial inclusion to migrants
SINGAPORE-based MyCash Online (SG) Pte Ltd and The Premier Bank Ltd , a private bank in Bangladesh, signed a Memorandum of Understanding (MoU) for fintech collaboration to strengthen financial inclusi...
The Star:
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Singapore’s Ryde to launch carpooling service here on Nov 1
Its founder and chief executive officer Terence Zou says unlike e-hailing service or taxis, the RydePool service aims to encourage carpooling as a communal and eco-friendly...
The Edge Markets:
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Ramada by Wyndham Meridin hotel in JB officially opens
JOHOR BAHRU (Oct 16): Mah Sing Group Bhd’s Ramada by Wyndham Meridin hotel here held its grand opening yesterday.
The Straits Times:
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Lower threshold price for foreign buyers may not fix Malaysia's property glut
KUALA LUMPUR - Malaysia's plan to lower the minimum price at which foreigners are eligible to buy homes is meant to tackle the property glut, but analysts warn it could create a property bubble instea...
e27:
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Also, Hong Kong-based on-demand space booking platform BOOQED raises US$1.68M in seed funding, and AI-powered customer lifecycle platform CleverTap completes US$35M in Series C funding
Crimson Education raises US$20M Series C funding to fuel expansion [Press Release] Crimson Education, a global edtech startup that offers personalised courses to help students get a spot in coveted u...
e27:
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This is RoomMe’s extension of Series A funding this year after raising funding from Singapore’s Vertex Ventures
RoomMe, Indonesia-based co-living startup that helps manage and market the properties for homeowners on its platform for co-living lifestyle and flexible stay duration, announces that it has secured S...
Tech in Asia:
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Edtech startup Crimson Education bags $20m in series C round
Crimson Education, a global edtech firm based out of New Zealand, bagged US$20 million in a series C round led by Hong Kong-based Chow Tai Fook Education Group, which injected US$10 million.
The Edge Markets:
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Sunway establishes private trust for student housing in UK
KUALA LUMPUR (Oct 16): Sunway Bhd is establishing a private trust in Singapore with an initial £38 million (about RM202 million) of assets under management (AUM) that focuses on purpose-built student...
Malay Mail:
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Ringgit ends lower following IMF’s weaker global growth forecast
KUALA LUMPUR, Oct 16 — The ringgit ended lower today as oil prices continued to dip following reports of the International Monetary Fund (IMF) lowering its world economic growth forecast for this ye...
theSun:
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(Video) Alleycats were big in HK in 70s before finding stardom at home
BEFORE the likes of Yuna, Zee Avi and Mizz Nina made it big overseas, the Alleycats reigned supreme in Hong Kong in the 70s.
The Edge Markets:
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FBM KLCI ends at intraday high on Brexit optimism
KUALA LUMPUR (Oct 16): The FBM KLCI closed up 8.67 points or 0.55% at its intraday high today while volume across Bursa Malaysia rose past three billion shares after global equities rose in anticipati...
Malay Mail:
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Bursa Malaysia ends at day’s high amid gains on Wall Street
KUALA LUMPUR, Oct 16 — Bursa Malaysia ended firmly at the day’s high as regional markets were lifted by upbeat US corporate earnings and on hopes of a Brexit deal breakthrough, said a dealer.
The Star:
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Fund buying lifts KLCI nearly nine points at close
KUALA LUMPUR: Fund buying of key stocks Petronas Gas, IOI Corp, Hong Leong Bank and Digi underpinned the FBM KLCI advance on Wednesday, in line with the firmer...
Free Malaysia Today:
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Asian cities urged to include the poor in urban planning
PENANG: Urban planners in rapidly expanding Asian cities must involve the poorest residents in decision-making and include informal spaces if they are serious about tackling inequality, experts said.
PaulTan.org:
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Singapore’s Ryde carpool app launches in Malaysia – Klang Valley, no commission, drivers keep 100% fares
Ever wondered how much less congested our roads would be if everyone heading from the same area, to the same destination shared cars?
e27:
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Looking east
According to PWC’s Asset & Wealth Management 2017 report: Embracing exponential change; wealth management in APAC is poised to be one of the fastest-growing sectors in the next few years.
Vulcan Post:
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6 Differences Between Grab And The New Ryde App In Malaysia
Ryde is a Singaporean startup that provides carpooling (RydePOOL), taxi (in partnership with Trans-Cab) and private-hire car (RydeX) services.
Tech in Asia:
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RedDoorz announces aggressive expansion plans, future IPO
Hotel booking and management platform RedDoorz is aiming to go public around 2022 and has aggressive plans in the pipeline to reach this goal, founder and CEO Amit Saberwal said during a media briefin...
Tech in Asia:
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Techstars alumni Booqed raises $1.7m from Colliers, others
Hong Kong-based startup Booqed has raised US$1.68 million in seed funding from Colliers, Techstars, and Lazard Korea to drive its product rollout, marketing, and hiring.
Lowyat.NET:
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Ryde Officially Kicks Off In Malaysia
If you need more options when it comes to ridesharing apps, there’s now a new one on the market.
Malay Mail:
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Bursa Malaysia stays higher at mid-day
KUALA LUMPUR, Oct 16 ― Shares on Bursa Malaysia stayed higher at mid-day today in line with regional peers, as sentiment remained positive over the strong overnight performance of Wall Street and Eu...
The Star:
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KLCI tracks higher on optimistic US earnings
KUALA LUMPUR: Domestic stocks ticked up slightly as the start of the US corporate earnings started on a positive note and negotiations on an amicable Brexit showed...
EdgeProp.my:
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Ramada by Wyndham Meridin hotel in JB officially opens
JOHOR BAHRU (Oct 16): Mah Sing Group Bhd’s Ramada by Wyndham Meridin hotel here held its grand opening yesterday.
e27:
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With this, ZEN's early investor Asia Internet Holdings, a a joint venture of Rocket Internet and Ooredoo Telecom, has exited
ZEN Rooms, an economy and mid-range hotel aggregator in Southeast Asia, has received an undisclosed sum in investment from Yanolja, a leading travel group in South Korea.
Tech in Asia:
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South Korea’s Yanolja invests further in Rocket Internet’s Zen Rooms
Rocket Internet’s Zen Rooms, a budget hospitality company in Southeast Asia, announced it has inked a deal with South Korean hotel booking platform Yanolja that involves an additional investment, ac...
Tech in Asia:
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20 unicorns will emerge in Southeast Asia by 2030, predicts Asia Partners’ Nick Nash
It’s a “golden age” for aspiring unicorns in Southeast Asia, according to Nick Nash, co-founder of growth equity investment firm Asia Partners.
The Edge Markets:
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Southeast Asia has a weight problem: Adam Minter
(Oct 16): Starting next year, Singapore will treat packaged sugary drinks such as Coca-Cola the way that other countries treat cigarettes.
The Edge Markets:
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Enflamed: Seeing through yet another haze crisis
After just three years of respite, transboundary air pollution from out of control fires returned with a vengeance in recent weeks.
Malay Mail:
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Ringgit opens lower against US dollar
KUALA LUMPUR, Oct 16 ― The ringgit was lower against the US dollar at today's opening on lack of demand for the local currency amid cautious market sentiment, a dealer said.
AsiaOne:
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Singaporean man, 76, drowns while snorkelling off Redang Island
A 76-year-old Singaporean man drowned while snorkelling in the waters off the island of Redang, Malaysia, on Monday (Oct 14) at about 3pm.
The Star:
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‘Foreign buyers will help revive construction industry’
The lowering of the minimum price for foreigners to buy high-rise properties in Malaysia will solve the liquidity problem developers face and will address the issue of...
The Star:
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Always ready to face challenges
KUALA LUMPUR: Life is full of adversity and struggle and having to face it all at a young age has helped build the resilience of Prime Minister Tun Dr Mahathir Mohamad...
The Star:
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S’pore home sales surge 13%
SINGAPORE: Sales of private apartments in Singapore jumped 13% in September to the highest in more than a year even as home-price growth moderated.
The Star:
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Sinopec to reduce operations after freight rates soar
SINGAPORE: China’s biggest refiner plans to reduce operations from next month after a surge in the cost of shipping crude eroded margins, according to sources.
The Star:
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Malaysia down two rungs in global competitiveness
PETALING JAYA: Malaysia has slipped two notches in the global competitiveness ranking this year after being overtaken by Spain and the United Arab Emirates (UAE)...
The Straits Times:
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Singapore and its relations with a new South-east Asia
The day Singapore was separated from Malaysia in 1965 was for some the end of the idea of Malaya.
The Straits Times:
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Instant-noodle diet hurts health of kids in S-E Asia: Experts
MANILA • A diet heavy on cheap, modern food such as instant noodles that fills bellies but lacks key nutrients has left millions of children unhealthily thin or overweight in South-east Asia, expert...
The Borneo Post:
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Life’s challenges and adversity help build Dr Mahathir’s resilience
Digital News Asia:
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Workana bets on Malaysia as springboard for growth
FREELANCE and gig economy marketplace platform Workana is confident that its move to set up its Asian headquarters in Kuala Lumpur will bear fruit in the near future, according to its co-founder Tomas...
The Edge Markets:
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Bursa fines, reprimands five current and former Industronics directors
KUALA LUMPUR (Oct 15): Bursa Malaysia Securities Bhd has publicly rapped five directors of Industronics Bhd and fined four of them for failing to ensure transactions it undertook for a proposed share ...
e27:
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A vernacular platform, Mall91 combines live videos-based shopping, local language voice recognition-based catalogue discovery, and Whatsapp like chat-based checkouts
Mall91, an India-based social commerce platform, has secured US$7.5 million in its Series A funding round led by Go-Ventures, the venture arm of gojek.
Malay Mail:
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Ringgit ends lower on concerns over US-China trade talks
KUALA LUMPUR, Oct 15 — The ringgit ended lower today as the markets brace for risk of deteriorating US-China trade negotiations.
The Star:
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Most Asean markets end lower on trade deal uncertainty
SINGAPORE: Most Southeast Asian stock markets ended lower on Tuesday, with Philippines falling the most, as optimism over a US-China trade deal faded after Chinese...
theSun:
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Life’s challenges and adversity helped build Mahathir’s resilience
Malay Mail:
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Bursa Malaysia ends lower on profit-taking
KUALA LUMPUR, Oct 15 — Bursa Malaysia ended lower, weighed down by profit-taking in selected heavyweight stocks and waning optimism over the latest round of the US-China trade negotiations, said a d...
The Star:
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Investors cautious on weak Chinese data, trade talks
KUALA LUMPUR: Key Asian markets including Bursa Malaysia ended mixed on Tuesday as investors stayed cautious due to the weak Chinese data and concerns...
The Edge Markets:
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Life's challenges, adversity help build Dr Mahathir's resilience
KUALA LUMPUR (Oct 15): Life is full of adversity and struggle and having to face it all at a young age has helped build the resilience of Prime Minister Tun Dr Mahathir Mohamad and made him what he is...
SoyaCincau.com:
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Singaporean bus drivers’ jobs could soon be at risk, report suggests
Plans in Singapore to have autonomous/driverless buses on the road are underway, with the Land Transport Authority and Economic Development Board receiving responses from interest parties on collabora...
Tech in Asia:
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20 unicorns will emerge in Southeast Asia by 2030, predicts Asia Partners’ Nick Nash
It’s a “golden age” for aspiring unicorns in Southeast Asia, according to Nick Nash, co-founder of growth equity investment firm Asia Partners.
Tech in Asia:
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StickEarn raises $5.5m from Grab, others to take its vehicle ads to new places
Jakarta-based StickEarn has raised US$5.5 million in funding to take its offline-to-online advertising platform to new verticals.
Malay Mail:
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Economists: S’pore set for full-year expansion for 2019, but growth prospects remain
SINGAPORE, Oct 15 — Even though Singapore’s economy grew a dismal 0.1 per cent in the third quarter from the same period last year, economists noted that the city-state has averted a recession and...
AsiaOne:
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RTS Link status to be announced soon: Malaysian transport minister
JOHOR BARU - Malaysia will announce its position on the Rapid Transit System (RTS) Link by the end of this month, in keeping with the timeline agreed upon with Singapore.
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