Misappropriated 1MDB funds helped finance $2.2b Coastal Energy acquisition in the US


The US government made the allegation in a lawsuit filed last week.

Brunei’s largest bank aims to raise $500m in Malaysian listing

It will be the first IPO by a firm from the Southeast Asian nation.

Malaysia: Student-focused rental startup HostelHunting closes Series A

Investors include Accord Ventures, Hoop Partners and IT company Startia.

Malaysia’s CIMB completes $121m sale of 50% stake in stockbroking biz to China Galaxy

The joint venture is expected to occupy a wider country agenda.

Malaysia: Frontier Digital invests $3.5m in classified portals AutoDeal, Propzy

It invested $2.34m in Philippines’ Autodeal and $1.2m in Vietnam’s Propzy.

Malaysia: Bank Negara approves four fintech firms to operate within ‘regulatory sandbox’

GoBear and WorldRemit are foreign firms while GetCover and MoneyMatch are local startups

Malaysia: Carsome raises $6m in Gobi Partners-led round

Last year in March, Carsome closed a $2 million Series A funding round

Malaysia exit could prove tricky for ANZ as hurdles abound

Malaysian venture earns a return on equity of 8.5%, compared with 10% at ANZ.

Malaysian travel-ed startup BeED eyes pan-Asia presence by 2020

The firm will look for an investor with experience and expertise in the business

MY: WebTVAsia buys Indonesia’s Layaria, picks stake in S.Korea’s Duble Kick

WebTVAsia is aggressively expanding its regional footprint.