We start with the much-anticipated deal between Indonesia’s two most valuable startups. Gojek and Tokopedia have sought approval from their respective shareholders to seal a merger deal after both companies’ boards gave the green light for the transaction. Once shareholder approval is obtained, the two companies will move to complete the transaction in a matter of weeks. A deal between super app Gojek, valued at $10.5 billion, and e-commerce unicorn Tokopedia, valued at $7.5 billion, would be by far the largest M&A deal ever to be seen in Indonesia’s tech sector. Another Indonesian unicorn, Bridgetown Holdings Ltd, a SPAC backed by billionaires
- Advertisement - KUALA LUMPUR Malaysia’s “Sugar King” Robert Kuok remains the wealthiest man in Malaysia and even saw his estimated wealth increase to US$12.6 billion (RM51.9 billion) this year amidst the Covid-19 pandemic, according to Forbes’ annual World’s Billionaires List. The 97-year-old Hong Kong-based businessman however saw a rankings slip and is now the world’s 171st richest man compared to his position of 141 in 2020, and estimated net worth at the time which was valued at US$9.6 billion (RM41.6 billion). According to the Forbes list, there are 16 billionaires in Malaysia, with Kuok listed under Hong Kong. Next on the list is Hong Leong Group’s Tan Sri Quek Leng Chan, 79, which was valued at US$9.7 billion (RM40 billion) compared to US$9.2 billion (RM39.9 billion) last year.
Wednesday, 07 Apr 2021 11:15 AM MYT BY DANIAL DZULKIFLY ‘Sugar King’ Robert Kuok is now the world s 171st richest man compared to his position of 141 in 2020. File picture by Mukhriz Hazim Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, April 7 Malaysia’s “Sugar King” Robert Kuok remains the wealthiest man in Malaysia and even saw his estimated wealth increase to US$12.6 billion (RM51.9 billion) this year amidst the Covid-19 pandemic, according to Forbes’ annual World’s Billionaires List. The 97-year-old Hong Kong-based businessman however saw a rankings slip and is now the world s 171st richest man compared to his position of 141 in 2020, and estimated net worth at the time which was valued at US$9.6 billion (RM41.6 billion).
Govt receives fund requests for RM900b under 12MP 05 Apr 2021 / 21:43 H. KUALA LUMPUR: The government has received allocation requests for a total of RM900 billion under the 12Malaysia Plan (12MP) from federal and states government and agencies, said Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed. He said this year alone, RM69 billion had already been allocated, with most of the fund channelled to the healthcare sector, including for the Covid-19 vaccination programme. “Considering these requests (coming) from every direction, we have to study (them) carefully because priority needs to be given to the healthcare sector,” he told a press conference after attending a briefing on the Developing Malaysia and Helping The World: Jeffrey Sachs Center on Sustainable Development yesterday.
Engaging the stakeholders: Mustapa speaking to the press at Sunway University. With him is Cheah. PETALING JAYA: The government is being extra careful when considering allocations for the 12th Malaysia Plan 2021-2025 (12MP) as its priority is on tackling the Covid-19 pandemic, says Datuk Seri Mustapa Mohamed. The Minister in the Prime Minister’s Department (Economic Affairs) said the government had received submissions amounting to RM900bil in requests from all ministries and state governments. “That is a big sum. This year we allocated RM69bil (for the development expenditure in Budget 2021), one of the highest in recent years in terms of annual allocation.
Malaysia's Sunway plans much more than a quick buck from its VC venture dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.
Tok Pa: Govt cautious on 12MP allocations msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
PETALING JAYA: Datuk Seri Mustapa Mohamed has urged Malaysians to be fair and balanced in assessing the economy amid criticisms that the Emergency ordinance is affecting foreign direct investment (FDI) into the country. The Minister in the Prime Minister s Department (Economic Affairs) said there is a downside and an upside to any country s economy. “As the government, we acknowledge that, and we have challenges as well. We have also been doing well in some areas, he told a press conference at Sunway University on Monday (April 5). Mustapa had earlier attended a meeting there with Sunway Group founder and chairman Tan Sri Dr Jeffrey Cheah on promoting closer cooperation between the public and private sectors, including discussions on the United Nations Sustainable Development Goals (SDGs).
KUALA LUMPUR: Sunway Bhd is eyeing RM2.8 billion worth of property launches for its property division this year, with 40% of the projects to be develo.
PETALING JAYA: Sunway Construction Group Bhd’s (SunCon) net profit for its fourth quarter ended Dec 31,2020, stood at RM30.20mil compared with RM31.64mil in the previous corresponding period, while revenue in the fourth quarter rose to RM627.24mil from RM485.94mil a year earlier.