Khazanah Nasional

UEM Edgenta Elevates Middle East Presence Through A Strategic Partnership

Retrieved on: 
Saturday, December 9, 2023
Climate change, Carbon footprint, Customer, Property technology, Conference, Partnership, Kaizen, UEM, Khazanah Nasional, Software as a service, International, Investment advisory, Environment, Digital transformation, Health, Happiness, UNFCCC, YB, UEM Edgenta, UEM Group, WELL, Software, Natural Resources, KAIZEN, Management

UEM Edgenta Berhad proudly announces a strategic partnership with KAIZEN Group. This collaboration seeks to create an integrated real estate services platform, harnessing UEM Edgenta's smart buildings and sustainability solutions to meet the escalating sustainability demands in Dubai and the broader Middle East market.

Key Points: 
  • The immediate synergy between UEM Edgenta and KAIZEN Group's property management and facility management capabilities is fast-tracking UEM Edgenta's vision to curate an integrated real estate services platform.
  • Our strategic partnership is poised to redefine customer satisfaction by seamlessly integrating wellness, health, and happiness into every facet of our services.
  • UEM Edgenta Group is excited about the myriad of new opportunities and synergies this partnership brings, solidifying its position as a key player in delivering innovative and sustainable real estate solutions in Dubai and the broader Middle East.
  • For further information on UEM Edgenta's presence in the Middle East and its other initiatives, logon to https://www.uemedgenta.com .

500 Global Closes US$143M Across Early-Stage and Growth Vehicles for Southeast Asia

Retrieved on: 
Wednesday, September 6, 2023
Finance, Start-Up, Professional Services, Technology, Software, IPO, Partnership, Health, Carousell, Khazanah Nasional, Partner, Dwight (The Walking Dead), History, Employees Provident Fund, Employment, Partner (business rank), SEA, Grab, Health Impact Fund, LP record, EPF, Investment, Growth, City, Bukalapak, Food security, 500 Global, KWAP, Shipbuilding, Drug, Video game

Venture capital firm 500 Global today announced the successful close of US$143 million1 across its largest Southeast Asian early-stage fund to date, 500 Southeast Asia III, L.P. (500 SEA III), and its growth investment vehicle for Southeast Asia.

Key Points: 
  • Venture capital firm 500 Global today announced the successful close of US$143 million1 across its largest Southeast Asian early-stage fund to date, 500 Southeast Asia III, L.P. (500 SEA III), and its growth investment vehicle for Southeast Asia.
  • The new early-stage and growth vehicles demonstrate the team’s commitment to supporting founders in Southeast Asia from pre-seed to pre-IPO.
  • 500 SEA III is 500 Global’s third Southeast Asia-focused early-stage fund, with each successive fund having nearly doubled in size since 2014.
  • “KWAP’s investment in 500 Global began in the latter’s early days through its second Southeast Asia early-stage fund.

I Squared Capital to Build Up to 1 Gigawatt of Solar Plants in Malaysia

Retrieved on: 
Thursday, July 27, 2023
Other Energy, Environment, Sustainability, Alternative Energy, Green Technology, Energy, Climate Change, IPEF, RE, Partnership, EPCC, Khazanah Nasional, Indo-Pacific Economic Framework, UEM, U.S. International Development Finance Corporation, I Squared Capital, DFC, Climate change, Ministry of Local Government Development (Malaysia), Economic development, Capital, Climate, HEXA, BESS, Renewable energy

I Squared Capital, a leading global infrastructure investment manager, announced today that its portfolio company, HEXA Renewables, has signed a memorandum of understanding to develop up to 1 gigawatt of hybrid solar photovoltaic projects in the southern tip of Peninsular Malaysia.

Key Points: 
  • I Squared Capital, a leading global infrastructure investment manager, announced today that its portfolio company, HEXA Renewables, has signed a memorandum of understanding to develop up to 1 gigawatt of hybrid solar photovoltaic projects in the southern tip of Peninsular Malaysia.
  • “I Squared Capital and our wholly owned renewable energy platform, HEXA Renewables Malaysia, are proud to participate in this landmark project,” said Gautam Bhandari, Chief Investment Officer and Managing Partner of I Squared Capital.
  • The project will advance I Squared Capital and the DFC’s shared ambition to support inclusive economic development through climate change mitigation.
  • “I Squared Capital welcomes this agreement between HEXA and UEM-ITRAMAS to develop a large-scale, state-of-the-art solar project to support local demand for clean power,” said Harsh Agrawal, Senior Partner of I Squared Capital.

International insurtech bolttech valued at US$1.6 billion in Series B up-round

Retrieved on: 
Wednesday, May 17, 2023
Insurance, Tokio Marine, Growth, MetLife, Ecosystem, Fintech, Investment, Khazanah Nasional, Series, Security (finance)

SINGAPORE, May 17, 2023 /PRNewswire/ -- bolttech today announced it raised US$196 million in connection with its Series B with an up-round valuation of US$1.6 billion. The round was led by Tokio Marine – Japan's first insurance company with a 140-year history. Other key investors include global life insurance giant MetLife through its subsidiary MetLife Next Gen Ventures, Malaysia's sovereign wealth fund Khazanah Nasional, as well as new and existing shareholders.

Key Points: 
  • New investor including MetLife and Khazanah Nasional alongside existing and new shareholders, join Series B funding round led by Tokio Marine
    SINGAPORE, May 17, 2023 /PRNewswire/ -- bolttech today announced it raised US$196 million in connection with its Series B with an up-round valuation of US$1.6 billion.
  • International insurtech bolttech is defying the current capital markets backdrop – mega-round funding (US$100 million and above) for the global insurtech sector is at its lowest level since Q1 2020, according to a Gallagher Re report[1].
  • bolttech has maintained a strong financial foundation with a clear path to profitability while driving its rapid growth and scale to build the most comprehensive international presence for an insurtech.
  • bolttech, one of the world's leading embedded insurance providers, is a global B2B2C insurtech that connects insurers with distributors and their customers.

International insurtech bolttech valued at US$1.6 billion in Series B up-round

Retrieved on: 
Wednesday, May 17, 2023
Insurance, Tokio Marine, Growth, MetLife, Ecosystem, Fintech, Investment, Khazanah Nasional, Series, Security (finance)

SINGAPORE, May 17, 2023 /PRNewswire/ -- bolttech today announced it raised US$196 million in connection with its Series B with an up-round valuation of US$1.6 billion. The round was led by Tokio Marine – Japan's first insurance company with a 140-year history. Other key investors include global life insurance giant MetLife through its subsidiary MetLife Next Gen Ventures, Malaysia's sovereign wealth fund Khazanah Nasional, as well as new and existing shareholders.

Key Points: 
  • New investor including MetLife and Khazanah Nasional alongside existing and new shareholders, join Series B funding round led by Tokio Marine
    SINGAPORE, May 17, 2023 /PRNewswire/ -- bolttech today announced it raised US$196 million in connection with its Series B with an up-round valuation of US$1.6 billion.
  • International insurtech bolttech is defying the current capital markets backdrop – mega-round funding (US$100 million and above) for the global insurtech sector is at its lowest level since Q1 2020, according to a Gallagher Re report[1].
  • bolttech has maintained a strong financial foundation with a clear path to profitability while driving its rapid growth and scale to build the most comprehensive international presence for an insurtech.
  • bolttech, one of the world's leading embedded insurance providers, is a global B2B2C insurtech that connects insurers with distributors and their customers.

Tycoon Group Announces 2022 Annual Results

Retrieved on: 
Wednesday, March 29, 2023
Partnership, Club, Sam's Club, Health, Fiscal year, Marketing, Mannings, Khazanah Nasional, Greater, Wakan, HK3, Herbal, EBITDA, Advertising, Immune system, Growth, Depreciation, Double Eleven, BG, BHD, Property management, Retail, Film industry, Online shopping, Pharmaceutical industry, Tourism

HONG KONG, March 29, 2023 /PRNewswire/ -- Tycoon Group Holdings Limited ("Tycoon Group" or the "Group", Stock Code: 3390.HK), an omnichannel marketing and management service integrator of healthcare and well-being related products in Hong Kong, announced its audited consolidated annual results for the year ended 31 December 2022 (the "Financial Year" or "FY2022").

Key Points: 
  • EBITDA* of the Group for FY2022 was HK$79.7 million, representing a staggering increase of 1,135.8% compared to HK$6.4 million for FY2021.
  • The Group continues to optimise its product portfolio and consolidate the market advantages of its distribution business.
  • HONG KONG, March 29, 2023 /PRNewswire/ -- Tycoon Group Holdings Limited ("Tycoon Group" or the "Group", Stock Code: 3390.HK), an omnichannel marketing and management service integrator of healthcare and well-being related products in Hong Kong, announced its audited consolidated annual results for the year ended 31 December 2022 (the "Financial Year" or "FY2022").
  • The Group will achieve further growth in revenue and record-breaking results, in return for the support of all parties.

WeLab Bank Launches GoWealth and Becomes Asia's 1st Purely-digital Bank to Launch Digital Wealth Advisory Solution

Retrieved on: 
Thursday, July 7, 2022
Bank, Debit card, CK Hutchison Holdings, WeLab, Probability, Sequoia Capital, WeLab Bank, World Bank Group, Allianz, Growth, Securities and Futures Commission, Sale, Goal, Industry, TOM Group, Risk, Allianz Global Investors, Data, Technology, Accreditation, Security (finance), International Finance Corporation, Goal-based investing, EUR, Risk management, Head, Hong Kong Monetary Authority, Solution, HKMA, Instagram, Science and technology in Asia, World, Comment, Multimedia, Donor managed investment account, Khazanah Nasional, Financial services, Tutoring, Health insurance

HONG KONG, July 7, 2022 /PRNewswire/ -- WeLab Bank (or "the Bank"), the virtual bank dedicated to curating intelligent banking experience, announced that it had become Asia's 1st purely-digital bank independent of traditional banking groups in major Asian markets to launch digital wealth advisory solution1as its GoWealth Digital Wealth Advisory (GoWealth) rolled out to market today. Over the two-month trial period, the innovative solution achieved a satisfactory result in the goal-setting flow for over 65,000 visitors. 70% of reviewers expressed that they were looking forward to the official product launch. GoWealth combines the fintech strength of WeLab Bank with the investment expertise of Allianz Global Investors (AllianzGI), one of the world's leading asset management firms, empowering customers to reach their financial goals on "autopilot" with an end-to-end approach.

Key Points: 
  • Understanding these pain points, WeLab Bank is determined to digitalize and democratize wealth advisory through GoWealth.
  • On this occasion, by launching GoWealth, we are proud to become Asia's 1st purely-digital bank to launch a digital wealth advisory solution1.
  • WeLab Bank trail-blazes digital wealth management services through GoWealth, backed by its fintech experience and AllianzGI's investment management expertise.
  • Welab Bank Limited ("WeLab Bank" or the "Bank"), is a homegrown virtual bank licensed by the Hong Kong Monetary Authority ("HKMA").

WeLab and Apple Authorized Resellers Launch "Subscribe+ for Apple Products"

Retrieved on: 
Wednesday, October 6, 2021
Partnership, MacBook Air, Sequoia Capital, TOM Group, WeLab, Solution, CK Hutchison Holdings, International Finance Corporation, Sale, Apple products, Multimedia, Khazanah Nasional, World, LinkedIn, CITIC Bank International, World Bank Group, Nintendo, WeLab Bank, Program, Founder, Technology, Apple, Allianz, View, Subscription business model, IPhone, IPad, Mac, Atmosphere of Earth, GB, Apple Watch, Mobile phone, Online shopping

"The launch of WeLab Pay is our innovative adaptation of the popular subscription model, powered by WeLab's technology tailored for customer preferences. In Hong Kong, consumers always look for more transparent and better payment options that meet their spending needs. With the launch of Subscribe+ for Apple Products in Hong Kong, WeLab offers customers, particularly the new generation of -- Gen Zers and Millennials -- with a game-changing way of purchasing Apple products with more flexibility in spending. The most unique part of this program is the innovative mechanism - by first deducting the high trade-in value of Apple Products[5], before calculating the monthly payments, this delivers great value and making low monthly payments possible for customers. The trade-in value of the device can be carried forward for future Apple upgrades, effectively creating a perpetual discount to the device list price for so long as they remain customers of this program!" said Simon Loong, the Founder and Group CEO of WeLab.

Key Points: 
  • HONG KONG, Oct. 6, 2021 /PRNewswire/ -- WeLab, a leading fintech company in Asia, launches an innovativesubscription program for purchasing Apple products with Apple authorized resellers - Subscribe+ for Apple Products.
  • WeLab is thefirst andonly financial services provider in Asia offering this program for purchasing Apple products.
  • With the launch of Subscribe+ for Apple Productsin Hong Kong, WeLab offers customers, particularly the new generation of-- Gen Zers and Millennials-- with a game-changing way of purchasing Apple products with more flexibility in spending.
  • WeLab operates in three markets under seven key brands, including WeLend, and WeLab Bank in Hong Kong, WeLab Digital, Taoxinji, Wallet Gugu,and Tianmian Tech in Mainland China and Maucash in Indonesia.

WeLab and Apple Authorized Resellers Launch "Subscribe+ for Apple Products"

Retrieved on: 
Wednesday, October 6, 2021
Partnership, MacBook Air, Sequoia Capital, TOM Group, WeLab, Solution, CK Hutchison Holdings, International Finance Corporation, Sale, Apple products, Khazanah Nasional, World, LinkedIn, CITIC Bank International, World Bank Group, Nintendo, WeLab Bank, Program, Founder, Technology, Apple, Allianz, Subscription business model, IPhone, IPad, Mac, Atmosphere of Earth, GB, Apple Watch, Mobile phone, Online shopping

"The launch of WeLab Pay is our innovative adaptation of the popular subscription model, powered by WeLab's technology tailored for customer preferences. In Hong Kong, consumers always look for more transparent and better payment options that meet their spending needs. With the launch of Subscribe+ for Apple Products in Hong Kong, WeLab offers customers, particularly the new generation of -- Gen Zers and Millennials -- with a game-changing way of purchasing Apple products with more flexibility in spending. The most unique part of this program is the innovative mechanism - by first deducting the high trade-in value of Apple Products[5], before calculating the monthly payments, this delivers great value and making low monthly payments possible for customers. The trade-in value of the device can be carried forward for future Apple upgrades, effectively creating a perpetual discount to the device list price for so long as they remain customers of this program!" said Simon Loong, the Founder and Group CEO of WeLab.

Key Points: 
  • HONG KONG, Oct. 6, 2021 /PRNewswire/ -- WeLab, a leading fintech company in Asia, launches an innovativesubscription program for purchasing Apple products with Apple authorized resellers - Subscribe+ for Apple Products.
  • WeLab is thefirst andonly financial services provider in Asia offering this program for purchasing Apple products.
  • With the launch of Subscribe+ for Apple Productsin Hong Kong, WeLab offers customers, particularly the new generation of-- Gen Zers and Millennials-- with a game-changing way of purchasing Apple products with more flexibility in spending.
  • WeLab operates in three markets under seven key brands, including WeLend, and WeLab Bank in Hong Kong, WeLab Digital, Taoxinji, Wallet Gugu,and Tianmian Tech in Mainland China and Maucash in Indonesia.

Malaysia Airlines Partners with GE Digital to Modernize the Airline’s Fuel Analytics Platform

Retrieved on: 
Wednesday, August 4, 2021
Other Energy, Software, Internet, Environment, Energy, Technology, Air, Transport, Companies, Industry economics), Economic taxonomy, Association of Asia Pacific Airlines, Khazanah Nasional, Kuala Lumpur International Airport, Malaysia Airlines, GE Digital, Airline, General Electric, Malaysia Airlines, GE Digital, MALAYSIA AIRLINES, GE DIGITAL

Malaysia Airlines and GE Digital are pleased to announce a collaboration to transform and modernize the airlines fuel efficiency program by adopting GE Digitals Fuel Insight and FlightPulse aviation software as part of the airlines on-going initiative to meet its sustainability goals.

Key Points: 
  • Malaysia Airlines and GE Digital are pleased to announce a collaboration to transform and modernize the airlines fuel efficiency program by adopting GE Digitals Fuel Insight and FlightPulse aviation software as part of the airlines on-going initiative to meet its sustainability goals.
  • View the full release here: https://www.businesswire.com/news/home/20210804005563/en/
    Malaysia Airlines modernizes its fuel analytics platform with GE Digital's Fuel Insight and FlightPulse aviation software.
  • Additionally, GE Digital provides the tools for Malaysia Airlines to build their own big data analytics and leverage modern tools for data analysis including AI/Machine Learning.
  • Malaysia Airlines is the national carrier of Malaysia, offering the best way to fly to, from and around Malaysia.