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PETALING JAYA: The news about South-East Asia’s first decacorn, Grab Holdings Inc, to be listed in the United States in a massive near-US$40bil (RM165.16bil) deal is a big loss for Malaysia.
“Super-app” Grab, known for its diversified services from ride hailing and food delivery to online banking, is a classic case of how a startup incubated in Malaysia was eventually lost to a neighbouring country.
Today, its valuation is more than double the market capitalisation of Malayan Banking Bhd
, which is the country’s largest listed company.
The exit of companies with high potential such as Grab is indirectly a sign of lack of confidence in the domestic market and there is a pressing need for the government to address the issue.
MDEC appoints Razif Abdul Aziz Vice President of Investment and Grants
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Cyberjaya, 1 April 2021: Continuing its ‘Reinvent’ mission, the Malaysia Digital Economy Corporation (MDEC) announced Razif Abdul Aziz as its new Vice President of Investment and Grants. Razif will manage the ongoing and upcoming initiatives to drive investments in Malaysia’s digital economy and to manage grants distribution across all MDEC programmes. He will report to Raymond Siva, Senior Vice President of Investment and Brand, and CMO of MDEC.
Of immediate importance, Razif will lead the efforts to strengthen the integrity of the grants framework and institutionalising best practices in the evaluation, disbursement and monitoring of all MDEC-managed grants and its alignment to MDEC’s investment attraction objectives.
Published on: Wednesday, December 16, 2020
By: Jeremy S Zabala
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Ng Kok Kwan led his team to be crowned Marathon category champion with their ‘eLancar’ project
Kota Kinabalu: The 2020 Nationwide MYHackathon tour competition in here resulted in the victory of six teams from all over Malaysia, two of which were from Sabah.
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The MYHackathon competition is an initiative under the Ministry of Science, Technology and Innovation (Mosti) in collaboration with Cradle Fund Sdn Bhd (Cradle) to enhance national productivity in terms of providing solutions set to benefit job seekers, workforce, SMEs, agriculture industry and manufacturing industry.
The Rakyat Produktif-themed competition comprised two categories, one of which were Sprint that requires participants to produce a digital job hunting solution while the second category, Marathon, with a total of some 300 participants.