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“Turbulent” best describes the global economy in the past two years. First, there was the Covid-19 pandemic, then a war following Russia’s invasion of Ukraine and rapidly rising interest rates not seen in over a decade. As the era of cheap money has gone, how are local tech start-ups, especially the forerunners, faring? After all, it is during tough times that the fundamentals of companies are most tested. As legendary US investor Warren Buffett once said: “Only when the tides go out do you discover who’s been swimming naked.” ....
World News - A Malaysian man's TikTok video of a dust-covered car parked at a carpark in Kuala Lumpur International Airport (KLIA) went viral after netizens assumed the vehicle belonged to a passenger who was on board the ill-fated Malaysia Airlines flight 370 (MH370). The TikToker, who. Read more at www.tnp.sg ....
KUALA LUMPUR: Carsome Sdn Bhd, an online used-car marketplace in South-East Asia, is seeking to raise about US$200mil (RM829.9mil) in a funding round ahead of a potential listing in the US next year, according to sources. ....
AirAsia Group Bhd group chief executive officer Tan Sri Tony Fernandes said on Tuesday (Oct 12) that the budget airline's digital businesses which have a valuation of over US$1 billion (about RM4.17 billion) have achieved the unicorn status in record time at under two years since the group accelerated the growth momentum of its non-airline businesses during the Covid-19 pandemic-driven aviation sector downturn. ....
Based on corporate announcements and news flow on Tuesday, companies in focus on Wednesday (Oct 13) may include Genting Malaysia Bhd, AirAsia Group Bhd, IJM Plantations Bhd, Kuala Lumpur Kepong Bhd, MY EG Services Bhd, Axiata Group Bhd, Digi.Com Bhd, Ni Hsin Group Bhd, Tan Chong Motor Holdings Bhd, CN Asia Corp Bhd, Boustead Heavy Industries Corp Bhd, Lion Industries Corp Bhd, Jade Marvel Group Bhd and Bintulu Port Holdings Bhd. ....