Yimie Yong
Grab could achieve adjusted EBITDA breakeven in 3Q following layoff exercise, say CGS-CIMB analysts
“Layoff exercise in June leads us to believe Grab can achieve adjusted EBITDA breakeven in 3Q23F (forecast), one quarter ahead of guidance,” CGS-CIMB analysts Ong Khang Chuen and Kenneth Tan wrote in a research note on Thursday.
Sequoia Capital partner Michael Moritz to exit firm after almost four decades – report
Moritz will now focus on Sequoia Heritage.
Malaysia grants licence to Elon Musk’s Starlink to bring Internet services to rural areas
Currently, 97 percent of populated areas in Malaysia have Internet access. However, the remaining 3 percent face challenges due to geographical locations, such as remote rural areas or isolated islands, making network infrastructure development difficult.
Alibaba injects $845M into Southeast Asia unit Lazada- report
Founded in 2012, Lazada Group is one of the leading eCommerce platforms in Southeast Asia. It is available in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.
Tesla starts accepting orders in Malaysia
As part of Malaysia's commitment to promoting the adoption of low-carbon mobility and supporting the development of the electric vehicle (EV) industry, customers can enjoy full import and excise duties exemption for newly registered zero-emission Tesla electric vehicles.
Malaysia’s CapBay achieves profitability last year, celebrates $220M milestone in P2P financing
CapBay said it has achieved a significant milestone by providing over MYR1 billion ($220.91 million) in funding to more than 400 underserved small and medium enterprises (SMEs) in Malaysia. This is the result of successful financing through 7,600 investment notes, underscoring CapBay's commitment to empowering SMEs and offering attractive investment…
Malaysia PM Anwar Ibrahim discusses Starlink satellite service with Elon Musk
"We also discussed the participation of SpaceX in the Starlink satellite service, which can contribute to faster and broader internet access, especially in remote areas that require minimal physical infrastructure and land to improve global internet connectivity," Anwar said.
Elon Musk announces new AI company, xAI
"The goal of xAI is to understand the true nature of the universe. You can meet the team and ask us questions during a Twitter Spaces chat on Friday, July 14," the company said.
