SINGAPORE: Singapore, seeking to revive its lacklustre fundraising market, is pulling out all the stops to emerge as a key listing venue for smaller sized blank-cheque companies as a firm backed by state investor Temasek made its debut yesterday.... This comes four months after Singapore Exchange( SGX) allowed special-purpose acquisition companies( SPACs) to list, easing proposed rules in response to market feedback.... The inaugural listing of Vertex Venture’s Singapore SPAC also marks the fi

PETALING JAYA: Tenaga Nasional Bhd( TNB) has acquired a 49% stake in UK-based Blyth Offshore Demonstrator Ltd( BODL), marking the entry of the utility giant in offshore wind power.It is noteworthy to point out that TNB has pledged that it will no longer build any new coal-powered power plants, and will be focusing on doubling its renewable energy( RE) capacity to 8, 300MW by 2025 from 3, 400MW currently.In a filing with Bursa Malaysia yesterday, TNB said its wholly-owned subsidiary, Vantage RE L

PETALING JAYA: Tenaga Nasional Bhd’s( TNB) acquisition of a 49% stake in offshore wind farm company, Blyth Offshore Demonstrator Ltd( BODL), marks its maiden entry into the international offshore wind market and also enhances its renewable energy( RE) portfolio. The utility giant is targeting to grow its RE capacity to 8, 300MW by 2025.As of December 2021, TNB had a total RE capacity of 3, 487. 2MW. This included 2, 771MW in Malaysia and 716MW across the United Kingdom, Turkey and India.In a sta

KUALA LUMPUR: HSS Engineers Bhd's unit HSS Integrated Sdn Bhd has accepted two framework services from Digital Nasional Bhd on the provision of consultancy services for the national implementation of Malaysia's 5G infrastructure and network.... " We are extremely excited to embark on this prestigious undertaking that will allow us to reprise our integral role in further enhancing Malaysia's telecommunication infrastructure.... " This is a successful diversification in HEB Group's custumer base

The world is looking at ESG as a key indicator for companies now.... There is always a structure in which the solar photovoltaic( PV) panel would need to be mounted onto.... These types of investments would give us recurring income.“ This is what we are looking at very actively, ” Thien says....

SHAH ALAM: S P Setia Bhd is venturing into healthcare services via a partnership with Qualitas Medical Group Sdn Bhd that will see the development and operation of an ambulatory care centre( ACC) in Setia Alam, Shah Alam.In a statement, S P Setia said its subsidiary Setia HC Ventures Sdn Bhd signed the deal with Qualitas on Wednesday at a ceremony at the group’s headquarters in Setia Alam.“ This is the first venture by the group into healthcare, which is a growing business, given the market tren

Facebook’s interest in podcasts is fading, barely a year after it began. Last April, during a hot market for audio, Facebook launched Live Audio Rooms, short-form stories called Soundbites and podcasts for U.S. users.... Hip-hop stars, executives and creatives flocked to the invite-only audio chat app Clubhouse, giving it instant cache and, ultimately, a$ 1-billion valuation. Facebook’s move into audio, in some ways, felt inevitable.... It did so during a moment of audio mania last year, when

Join our Whatsapp channel Saudi Arabia hosts this year’s Indian Premier League player auction in a partnership between a money-spinning cricket tournament expanding its global reach and a kingdom using sports to improve its image.De facto ruler Crown Prince Mohammed bin Salman has backed extravagant sports investments — set to culminate in Saudi Arabia hosting the football World Cup in 2034 — to diversify its oil-rich economy. Critics point to Saudi Arabia’s human rights record and the murder of

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, marking its first foray into the industrial and logistics market.In a statement, MRCB said the