Friday, 08 November 2019

SMBs in Malaysia drive demand for young and tech-savvy talent – LinkedIn

Kuala Lumpur, 5 November 2019 - Small and medium businesses (SMBs) in Malaysia are adopting digital technologies and hiring professionals with technology-related skills, according to data from LinkedIn, the world’s largest professional network. In Malaysia, there are more than 4 million members on the network.

LinkedIn has found that technology-related skills have the highest year-on-year growth among SMBs, indicating ongoing initiatives to improve their products, services, and operations. The fastest growing skills of SMBs in Malaysia are

Thursday, 07 November 2019

KENANGA INVESTORS’ UNICORN FUND RETURNS ON HIGH DEMAND

Kuala Lumpur, X November 2019 – Kenanga Investors Berhad (“Kenanga Investors”) has launched Kenanga Global Unicorn 2 (“KGU2”, “the Fund”), the second tranche to the highly subscribed Kenanga Global Unicorn 1 (KGU1). 

Similar to its predecessor, KGU2 aims to provide medium-term capital appreciation by investing primarily in the securities of globally recognised technology companies who have undergone transformational change from start-up to initial public offering (“IPO”) - ready entities, otherwise known as “unicorns. The Fund also targets to invest up to 10% of its remaining invested capital in equity securities of similar companies that have yet to reach the USD1billion valuation threshold, but will develop products, processes or services that provide or benefit from equivalent technology and innovations. The Fund will be feeding into the Ericsenz-K2 Global Unicorn Fund II (“Target Fund”) and has a targeted 12% internal rate of return per annum*.

Thursday, 07 November 2019

NTT LAUNCHES MYNAP – MALAYSIA’S NEXT INTERNET EXCHANGE

Cyberjaya, Malaysia - 5 November 2019 - NTT Ltd. (NTT), a world-leading global technology services provider has today unveiled MYNAP (Malaysia Network Access Point) - a new private Internet Exchange (IX). MYNAP is the third IX in Malaysia, allowing NTT Ltd. to offer clients a holistic end-to-end solution of Data Center, Network, and Internet Exchange with unparalleled connectivity.

Hosted in NTT Ltd’s local data center in Cyberjaya, this wide reach, high availability IX is stable, cost-effective, and it is the only IX in Malaysia that resides in a TIA942 Rated-3 data center. MYNAP is also the first and only local IX to have peering with other regional IX providers within the NTT Group i.e. Japan Network Access Point (JPNAP) and Jakarta Internet Exchange (JKT-IX), allowing for faster, more affordable and reliable access to content.

Thursday, 07 November 2019

Labuan IBFC secures 50% of all Captive Formations in Asia in 2018

KUALA LUMPUR, Malaysia, Nov. 5, 2019 /PRNewswire/ -- Labuan International Business and Financial Centre's (Labuan IBFC) position as a market leader in captive insurance is reinforced by the findings of a white paper by Captive Review titled "Driving Captive Transformation in Asia", which showed the jurisdiction having led by fifty percent in captive formations in Asia last year.

According to the white paper, the total number of captives in Asia grew by ten with Labuan IBFC leading the way with half of these incorporations domiciled in the jurisdiction. Singapore came in second with three formations compared to Labuan IBFC's five.