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Sea Ltd posts first ever annual profit in 2023, pushing the stock rally up to 40% this year

sea ltd

Disclaimer: Any opinions expressed below belong solely to the author. No information published below should be treated as financial advice. Despite growing competition in the e-commerce segment, Sea Ltd. has managed to achieve its first profitable year since going public in 2017. A fairly modest US$162 million in net income last year compared favourably against […]

This established M’sian ECF site has launched a halal venture capital firm & accelerator

In 2014, Ethis began as an Islamic crowdfunding group designed for Muslim and ethical investors, a core mission that still continues today. The Malaysian-headquartered platform invests in startups and companies that adhere to Islamic finance standards, bolstered by a syndicate of angel investors comprising Islamic industry leaders and enthusiasts. Ethis now takes its mission of […]

Championing Sabahan coffee beans, this M’sian couple wants to empower local farmers

“We always regretted not growing coffee 10 years ago,” Jackz Lee, the co-founder of Sabarica Coffee, jokingly told us. “But the next best season to grow coffee is today.” A forestry graduate first and foremost, he’s deeply passionate about changing the status quo for Sabahan coffee farmers. Which may seem a little out of place […]

Inside the 120,000 sq ft cinema that is GSC’s new luxury Aurum Theatre at The Exchange TRX

Aurum Theatre, Golden Screen Cinema’s (GSC) luxury concept, has officially launched its newest location at The Exchange TRX today. This marks GSC’s 56th cinema location. Spanning an impressive 120,000 sq ft, Aurum Theatre at The Exchange TRX is said to be SEA’s largest ultra-luxurious entertainment experience.  The cinema is spread across four floors and features […]

A redundant solution? Here’s why SBS Transit’s odd partnership with GetGo will not work out

getgo

Disclaimer: Opinions expressed below belong solely to the author Car-sharing has long been considered a solution to one of the biggest problems facing public transportation commuters — the issue of first- and last-mile connectivity, at least in regions where the public transportation infrastructure is lacking. Without adequate access to transit services, commuters are forced to […]

Tetra Pak closes Jurong factory to consolidate production, 300 employees face job cuts

Tetra Pak

Multinational food packaging and processing company Tetra Pak will retrench about 300 employees as the company moves to close its Jurong factory and consolidate production into its other factories in the region. This shift will take place over the next 12 months and is part of the company’s strategy to optimise its global manufacturing footprint, […]

I visited the 45,000 sq ft Cyberjaya preschool that’s pioneering Finnish education in M’sia

Last November, we wrote about HEI Schools Cyberjaya, a new kindergarten in Malaysia that utilised a turnkey curriculum from Finland, developed and continually updated by the University of Helsinki. In response to our article, there were many varying opinions about this concept, with some complimenting the initiative, while others criticised it. Given these polarising reactions, […]

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