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Bridging the financial literacy gap
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Contrasting the digital payment methods making a difference in 2021
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BNM approves three new features in Green Packet s e-wallet kiplePay
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The government had granted permission for global tech giants such as Microsoft, Google and Amazon to build and manage HDCs and provide hybrid cloud services in the country.
WHILE hyperscale data centres (HDCs) are a growth area with a lot of investment being earmarked, a debate has ensued about whether regulation would do it good.
Sources say that the industry’s regulator has sought feedback from players on the pros and cons of regulation and what form should regulation take.
On why regulation would be good for the industry, one source explains: “According to information we have been given, the rationale for having regulation for data centres and cloud businesses is that by having licensing of these services, the players would be ensured a level of protection. This in turn would attract more investments into the sector.
has proposed to sell its entire stake in G3 Global Bhd to Puan Chan Cheong or CC Puan, the group managing director and chief executive officer of Green Packet, for RM91.89mil.
CC Puan will be buying about 612.57 million shares or 24.81% equity interest in G3 Global for 15 sen per share. He is a major shareholder in both Green Packet and G3 Global.
As of July 2, Green Packet holds 307.32 million shares and 305.25 million warrants in G3 Global. Green Packet plans to fully exercise these warrants into 305.25 million G3 shares before disposing of them to CC Puan.
“The board is of the view that the proposed disposal to CC Puan will enable Green Packet to unlock its investment in G3 Global and use the proceeds primarily for Green Packet’s investment activities as seed capital for its Kiple Kendall Tech Fund and X Bamboo Fund I Sdn Bhd, ” the group said in a filing with Bursa Malaysia yesterday.