inDrive, a prominent global mobility and urban services platform headquartered in Mountain View, California, USA, has announced a significant expansion in its financing partnership with venture capital firm General Catalyst, securing an additional US$150 million to bring the total funding to US$300 million. This extension, which may be further prolonged for another year, provides inDrive with enhanced financial flexibility to bolster growth initiatives, invest in product enhancements, diversify service offerings and penetrate new markets. This financing milestone follows a prosperous year for ..read more

As the financial landscape of 2024 unfolds with global uncertainties, explore strategic investment insights for building a resilient portfolio in the face of market volatility and opportunities. As we embark on the journey through 2024, investors are met with a landscape brimming with both opportunities and challenges. With a record number of elections globally, including the pivotal November US elections, and a backdrop of geopolitical tensions and lingering pandemic concerns, the year ahead promises to be one of volatility. However, amid this uncertainty, there are strategies investors can e ..read more

Examine Bitcoin’s evolution, factors influencing its role as ‘digital gold’, and the key narratives shaping its trajectory in 2024. In 2023, Bitcoin displayed a remarkable rebound, surging more than 150% in value from US$16,000 to over US$42,000, significantly outperforming traditional investments like gold (+13%) and the S&P 500 (+25%). Its resurgence not only increased its crypto market dominance to over 50% of the total crypto market cap, but also marked a significant shift in investor sentiment. Then again, given its volatile nature, many wonder if Bitcoin can truly serve as a reliable ..read more

In an exclusive interview, Federation of Investment Managers Malaysia (FIMM) CEO, Kaleon Leong, shares insights on how the tax exemptions will benefit unit trust investors and strengthen Malaysia’s investment landscape. The recent decision by the Ministry of Finance to grant exemptions from Capital Gains Tax (CGT) and Foreign-Sourced Income (FSI) Tax for the unit trust industry has been welcomed as a boost for Malaysia’s investment landscape. In this exclusive interview, Kaleon Leong, CEO of Federation of Investment Managers Malaysia (FIMM), provides insightful commentary on how these tax exem ..read more

In this exclusive interview, Morningstar’s newly appointed Managing Director for Southeast Asia, Shihan Abeyguna, discusses how the awards have underpinned investment excellence in Malaysia, Morningstar’s growth plans for Southeast Asia, and the company’s diverse range of products and services. As investors navigate 2024’s mixed market conditions, insights from research powerhouse Morningstar are more valuable than ever. In a wide-ranging interview, newly appointed Managing Director Shihan Abeyguna provides an in-depth look at key trends shaping Malaysia’s asset management industry, Morningsta ..read more

In the bustling orchestra of Malaysian life, a fascinating melody is playing out – the shift from urban crescendos to suburban lullabies. Statistics, like nimble percussionists, highlight the rhythm of this change. As of 2021, over 77% of Malaysians resided in urban areas, their lives humming with the energy of Kuala Lumpur, Penang, and Johor Bahru. But the pandemic, a disruptive cymbal crash, disrupted the score. PropertyGuru’s 2023 study, like a knowing bassline, revealed a counterpoint – a 57% surge in searches for properties beyond the concrete canyons, driven by families yearning for leaf ..read more

In the ever-evolving landscape of corporate practices, the emergence of ESG reporting has become a beacon of sustainability, transparency, and accountability. However, navigating the intricate terrain of ESG comes with its fair share of challenges. From the potential for misrepresentation to the spectre of fraud, the journey toward ESG excellence is a complex one. In the heart of the Asia-Pacific region, Bursa Malaysia has taken the lead in championing ESG initiatives. The FTSE4Good Bursa Malaysia (F4GBM) Index, a collaborative effort with FTSE Russell, stands as a testament to Malaysia’s comm ..read more

The climate sirens blare, demanding attention from corporations and their environmental practices. While eco-conscious consumers and investors chant the mantra of “sustainability,” a cunning adversary lurks behind the shiny facade: greenwashing. This deceptive art form uses misleading claims and superficial gestures to paint a picture of environmental friendliness, masking the dark reality of unsustainable practices. In Southeast Asia, greenwash brushstrokes are as prevalent as monsoon rains. From misleading labels touting “biodegradable” plastics that crumble instead of decomposing, to vague ..read more

Invest Johor sets its sights on a future where the state stands as a prominent global player, extending its economic reach beyond traditional sectors to embrace new frontiers that will shape the global economic landscape in the coming decade. The focus of these efforts spans a diverse array of industries, ranging from technology and innovation hubs to renewable energy, biotechnology, logistics, tourism, and smart city development. The strategic intent is clear – Johor aims to create an economic landscape that not only attracts global investments but also nurtures sustainable and inclusive grow ..read more

As we step into 2024, let’s explore the evolving world of investing, where the buzz around ESG (Environmental, Social, and Governance) principles is gaining momentum. Malaysia is at the forefront, setting ambitious goals for carbon neutrality by 2050. Join us on a journey to discover practical tips for everyday investors to align their portfolios with responsible spending. MALAYSIA’S ESG PROGRESS Malaysia’s commitment to ESG is evident through its ambitious plans. The nation’s focus on renewable energy, sustainable cities, and a green economy showcases dedication to environmental stewardship ..read more