by Ferry Bayu | Sep 6, 2023 | Business
VYNN CAPITAL ANNOUNCES PARTNERSHIP WITH MARUBENI MALAYSIA TO DRIVE INNOVATION & GROWTH
Malaysia-headquartered venture capital firm Vynn Capital announced on Tuesday a strategic partnership with Marubeni Malaysia, a subsidiary of Marubeni Corporation, a renowned Japanese trading and investment conglomerate.
The partnership aimed at fostering innovation, accelerating growth, and unlocking new opportunities in the Malaysian market, Vynn Capital said in statement.
The partnership brings together Vynn Capital’s local network in the Southeast Asia region and expertise in identifying and nurturing promising startups and Marubeni Malaysia’s extensive network and deep industry knowledge.
This collaboration will create a robust ecosystem to support and empower innovative entrepreneurs, startups, and businesses in Malaysia and beyond, the VC firm added.
Key highlights of the partnership include:
- Business Synergy: Vynn Capital’s strong portfolio of investments in various sectors, coupled with Marubeni Malaysia’s vast resources and access to global markets, will enable both companies to strategically invest and collaborate with high-potential businesses and collaborate with local corporations. This synergy will contribute to fostering innovation across multiple industries and facilitate the growth of disruptive technologies.
- Market Access and Expansion: Vynn Capital will support Marubeni Malaysia in accessing local opportunities and exploring potential to scale new business opportunities and operations locally and regionally.
- Collaborative Innovation: By joining forces, Vynn Capital and Marubeni Malaysia will actively explore and invest in cutting-edge technologies and business models. This collaboration will drive the development and implementation of innovative solutions, promoting sustainable economic growth in Malaysia. Some of the areas identified are mobility, electrification and sustainability themed opportunities.
Victor Chua, Founder and Managing Partner of Vynn Capital, expressed his excitement about the partnership, stating, “We are thrilled to collaborate with Marubeni Malaysia to drive innovation and contribute to the growth of Malaysia’s business ecosystem. Our combined strengths and expertise will create a positive impact on the economic landscape, allowing better integration between Japanese and Malaysian business communities and solve real-world challenges.”
Takeshi Fujiwara, Representative of Marubeni Malaysia, shared his thoughts on the partnership, saying, “We are thrilled to collaborate with Vynn Capital, with their strong portfolio of investments in various sectors, in exploring new business opportunities and operations locally and regionally to contribute to the growth to Marubeni’s business ecosystem. We believe that the collaboration will commence our contributions through National Energy Transition Roadmap (NETR) in Malaysia and accelerate Marubeni Corporation’s businesses.”
Marubeni Malaysia conducts business in Malaysia in a wide range of areas including forest products, chemicals, machinery products, energy, metals , infrastructure projects and mobility, healthcare.
Vynn Capital is an early-stage venture capital firm founded with the objective of bridging the gap between traditional industries and the new economies through the development of technology. The team is made up of professionals with experience across early stage invest to late stage financing, with experience in business operations.
The investment philosophy revolves around the creation of synergistic value between partners and companies supported by Vynn. Beyond investing, Vynn Capital assists its investors or Limited Partners in understanding new industries and markets with its localised team and network across the major cities of Southeast Asia.
Vynn Capital is a Southeast Asia focused early stage venture capital firm investing in early stage tech startups.
As a sector focused investor, Vynn Capital is eyeing on the Supply Chain and Mobility industries including but not limited to Logistics, Travel, FMCG.
We believe in the Vynn-ing Formula – investing into companies could form an ecosystem within our portfolio. We look for entrepreneurs with the right mindset and willingness to work with us to achieve greater heights.
In addition to investing, we see ourselves as partners to the entrepreneurs to support them in challenging the norms and building world changing businesses.
**@*********al.com
by Penny Angeles-Tan | Sep 5, 2023 | Food & Beverage
Tuna Festival at Cafe Ilang Ilang
The Tuna Festival of General Santos City celebrates the ocean’s bountiful offerings with diverse activities that mirror the city’s vibrant marine industry. In celebration of this tradition, Café Ilang-Ilang embarks on a culinary journey highlighting the ocean’s prized gem — tuna.
“Tuna is a true gem of the ocean, and we want to highlight its amazing flavors through a variety of dishes. Our goal is to provide our valued guests with an exceptional dining experience that celebrates this extraordinary fish,” stated Ester Joy Yap, Assistant Food and Beverage Director of The Manila Hotel.
The Tuna Festival at Café Ilang-Ilang promises a gourmet adventure that showcases a wide array of tuna dishes and an extensive buffet selection. Some of the dishes included are Tuna Kilawin, Tuna Chicharon, Sinigang Tuna Panga sa Miso, Bistek Tuna Belly, Tuna Bicol Express, Sizzling Tuna Sisig, Tuna Kare Kare, Tuna-Shrimp Paella, Grilled Tuna Steak, Tuna Putannesca, and Indian Tandoori Tuna Kebab.
These dishes are available on a rotating line-up at Café Ilang-Ilang’s lunch and dinner buffet until September 30, 2023.
Join us in celebrating the Tuna Festival at Café Ilang-Ilang and revel in a seafood sensation that reflects the rich tapestry of the Philippine seas. For more information, please call (+632) 8527-0011 or (+632) 5301-5500 or email re************@************el.com.
About The Manila Hotel
The Manila Hotel is situated in the heart of the City of Manila. Defined by its history, elegance, and world-class service, The Manila Hotel is the choice hotel of the most distinguished clientele. Over the years, The Manila Hotel has continuously provided the best services and amenities for a truly memorable experience.
It has over 500 well-appointed rooms and 22 function rooms, including three (3) ballrooms. The hotel offers five-star relaxation and wellness experiences with the Manila Hotel Spa, adult and children’s pools, and the Manila Hotel Health Club.
The hotel is home to the Heritage Museum, a treasure trove of priceless memories that narrate its illustrious past. It also has an Art Gallery that offers a window into a contemporary world, captured through different artists’ objective points of view.
It has six (6) dining outlets, each offering a unique culinary adventure: Café Ilang-Ilang, which is a favorite spot for its extensive selection of International buffet delights; Champagne Room with its Old European style fine dining and also hailed as the most romantic room in Manila—it features European cuisine in a posh, fine-dining setting; Tap Room, an Old English pub-inspired outlet where one can enjoy an evening of live music; Lobby Lounge which is ideal for casual dining, aperitif, post-dinner nightcaps, or leisure meetings; Red Jade, a fine dining restaurant that serves authentic Chinese cuisine; and Delicatessens that offers the hotel’s signature pastries, bread, chocolates, and pralines.
by Ferry Bayu | Sep 5, 2023 | Business
GRAB-LED DIGIBANK GXBANK BECOMES FIRST TO GET MALAYSIA CENTRAL BANK’S APPROVAL TO COMMENCE OPERATIONS
The Grab-led digital bank, GX Bank Bhd (GXBank), is the first of the five digital bank licence applicants to receive the approval to commence operations from the Minister of Finance and Bank Negara Malaysia (BNM) ahead of the April 2024 deadline set by BNM.
GXBank has completed an operational readiness review and has been approved to commence operations effective Sept 1, 2023, the bank said in a statement on Tuesday.
GXBank will leverage technology and innovation to serve the needs of the unserved and underserved individuals, and micro and small medium enterprises (MSME). Additionally, the digital-only bank will support customers’ needs through various channels including a bank app and 24/7 customer support via multiple platforms, it added.
The lack of access to financial services and its consequences in particular to the unserved and underserved segments and MSME is not new. The longstanding complexity of financial access, coupled with the unprecedented events over the last few years, have eroded financial buffers for individuals, households and businesses, the bank noted. Since the pandemic, 55 percent of Malaysians’ household income has decreased dramatically, with almost 50 percent now claiming to have difficulty raising at least MYR1,000 ($214.49) as emergency funds.
GXBank, with more than 95 percent Malaysian employees from both the technology and finance sectors, is led by Pei Si Lai, who brings with her over 25 years of extensive experience in consumer and commercial banking. The more than 200-strong team share the same conviction that combining today’s technology and finance expertise will provide the platform to empower local communities and businesses to be financially resilient.
“At GXBank, we are driven by our shared purpose and passion to bring positive transformation to the financial industry, starting with solutions to address the financial struggles of Malaysians and businesses. We are thankful for BNM’s guidance, support and trust in us to offer financial solutions and help the unserved and underserved communities achieve their dreams and better quality of life. Standing on Grab’s legacy of innovative tech and economic inclusion, we hope to redefine banking and reshape Malaysia’s financial landscape. Our collaboration with consortium partners such as Kuok Group and other industry players will enable us to work hand in hand, leveraging our respective ecosystems to nurture a resilient and financially inclusive Malaysia, where no one is left behind,” said Pei Si Lai, CEO, GX Bank Bhd.
Supporting GXBank is the newly appointed Board of Directors, spearheaded by Zaiton Mohd Hassan. She brings with her more than 30 years of experience in banking, audit, risk management and focus on governance and financial inclusion. Her previous roles in a variety of non-profit organisations and local banks reflects her deep passion to build and promote sustainable growth for the financially underserved.
Zaiton shared that the board is excited to be part of GXBank’s journey to drive real change and the reinvention of Malaysia’s financial sector. “We are at the forefront of the region’s fast evolving fintech landscape. With the collective strength of all our partners and digital banks in Singapore and Indonesia, GXBank is poised to offer equitable access to an innovative and transformational banking experience. We hope this will enable moreMalaysians to be financially independent, creating a better future for themselves, their families and the country,” said Zaiton.
With the commencement of operations, the bank will begin beta-testing its app – starting with its employees from GXBank, Grab and Kuok Group – and progressively roll out to a wider pool of users. This will enable GXBank to continuously receive feedback and refine the user experience before launching to the broader public.
GXBank is a subsidiary of GXS Bank Pte. Ltd., – the digital bank joint venture between Grab Holdings Ltd and Singapore Telecommunications Ltd (Singtel) – and a consortium of other Malaysian investors, including Kuok Group, founded by Malaysia’s richest tycoon Robert Kuok.
In Singapore, GXS Bank, which is backed by a consortium consisting of Grab Holdings (Grab) and Singtel, has launched Singapore’s first digital bank for consumers and businesses in August last year.
Banking made better
At GXS, we are a digital bank on a mission to make banking better for Singapore’s everyday consumers and small businesses.
(+65) 3105 2055
he**@*****om.sg
by Ferry Bayu | Sep 5, 2023 | Business
Going Above and Beyond: Here’s what you can Expect from Homegrown Start-Up Responsible Cyber at Tech Week Singapore 2023
SINGAPORE, September 5 — Chaos, destruction, and dystopia are not typically thoughts you expect to entertain when going through the aisles of a technology event for business. A homegrown cyber security and risk management start-up Responsible Cyber seems hell-bent (pardon the language; seems apt given the context) on getting visitors to take off their rose-tinted glasses and see risk aversion, an oversubscribed maladaptive coping strategy, for what it is.
Set within a post-apocalyptic themed booth, Responsible Cyber is staging a compelling narrative on why having a robust and resilient architecture for managing third-parties is essential to ensuring the integrity and immutability of the data an organisation protects.
Indeed, the strategy that Responsible Cyber is adopting signals a clear delineation from the traditional approach of making visitors feel safe.
“Anyone who’s been in cyber security for any amount of time will know that the job involves getting down into the trenches, diving deep into the technical details, investigating security incidents, analysing vulnerabilities. It’s not pretty,” remarks Co-founder and Chief Technology Officer Mikko Laaksonen.
“If anything, it’s like entering a battleground, and practical knowledge and skills are essential. Our booth will hopefully encapsulate that rhetoric.”
As a teaser, visitors can look forward to:
-Acertifiably Gram-worthy Installation
-A Towering Display visible from across the room
-Enjoy Special Occasion Savings with every purchase of an Autographed Copy of “Building a Cyber Resilient Business”
-Meet and Greet with World Economic Forum’s Expert on Cyber Security, Dr Magda Chelly
-Safepicking demo and sharing, followed by first-hand experience
-Carefully Curated Gift Bags (first-come first-serve basis) worth its weight in gold in the next pandemic
-Ad-hoc Demos of our revolutionary ecosystem risk management platform IMMUNE X-TPRM –
When asked why the push for something so massively different from the norm, Co-Founder and Managing Director Dr Magda Chelly says “We are a start-up; we are known for thinking out of the box, and that’s what I want people to know about Responsible Cyber and our solutions – if our customers need a specific solution for managing their ecosystem risks, they can come to us and we will deliver.”
Tech Week Singapore is renowned for connecting cyber security professionals and business leaders with the industry’s brightest minds and most innovative solutions. Its 2022 edition saw an impressive turnout of 22,885 attendees ranging from C-Suites to start-ups, solidifying its status as Asia’s most important technology event for business.
In a massive push for brand awareness, the start-up will have a whopping 36 square metre booth by the entrance of Cyber Security World Asia, and a digital presence on the Tech Week Singapore app across five shows: Cloud Expo Asia, Cyber Security World Asia, Data Centre World Asia, Big Data & AI World Asia and eCommerce Expo Asia.
Amid this buzz, Responsible Cyber will also shine the spotlight on its flagship product, IMMUNE X-TPRM, as a beacon of hope identifying and neutralising unknown and foreign elements – a metaphor for the SaaS platform’s advanced capabilities in facilitating the timely detection and mitigation of potential threats and risks.
Are you keen on ecosystem risk management? We would love to share how our customers approached this journey and why they adopted IMMUNE X-TPRM.
If you’d prefer to have an in-person chat, visit Responsible Cyber’s E-zone on the Tech Week Singapore app and we’ll schedule time for a chat.
About Responsible Cyber
Responsible Cyber Pte. Ltd is a Singapore-based cyber security and risk management start-up established in 2016 by industry veterans Magda Chelly and Mikko Laaksonen. Today, the company has a presence in the UK, France and Poland. Its corporate shareholders include Singtel Innov8 and NUS Enterprise. The company stands at the forefront of cyber security innovation with the introduction of two pioneering AI-powered products: IMMUNE X-TPRM and IMMUNE GRC.
IMMUNE X-TPRM is our answer to modern third-party risk management challenges. On the other hand, IMMUNE GRC is designed to streamline governance, risk, and compliance processes.
To learn more about Responsible Cyber, visit www.responsible-cyber.com
Media Contact
Wen Sin LIM
in**@***************er.com
by Ferry Bayu | Sep 5, 2023 | Business
Responsible Cyber Officially Licensed to Provide Penetration Testing Services in Singapore
SINGAPORE, September 5 – Responsible Cyber, a leading name in the cybersecurity sector, proudly announces that it has been officially granted the license to provide Penetration Testing Services in Singapore. The license, bearing the License No: CS/PTS/C-2023-0413, is a testament to the company’s commitment to adhering to the highest standards of cybersecurity practice.
In recent years, cyber threats have shown a significant increase, posing grave risks to businesses and consumers alike. With this official recognition, Responsible Cyber is poised to help companies in Singapore bolster their defenses, ensuring a robust security posture in the face of evolving cyber threats.
Companies are now strongly encouraged to engage with licensed cybersecurity service providers. This license assures clients that they are partnering with a provider that has met stringent requirements set by regulatory authorities, ensuring top-tier service quality and expertise.
“We are thrilled to receive this license, as it underscores our dedication to providing exceptional cybersecurity services,” said Dr. Magda Chelly, Managing Director of Responsible Cyber. “We are committed to helping businesses in Singapore safeguard their digital assets and maintain the trust of their stakeholders. With this recognition, we are better equipped to achieve that goal.”
Engaging with a licensed provider like Responsible Cyber ensures that companies are getting not just expert service but also a partner who remains up-to-date with the latest in cybersecurity trends, techniques, and threats.
Responsible Cyber has consistently showcased its prowess in the realm of cybersecurity. With this new license, it further establishes its position as a reliable and esteemed cybersecurity service provider in Singapore.
Responsible Cyber Pte. Ltd is a Singapore-based cyber security and risk management start-up established in 2016 by industry veterans Magda Chelly and Mikko Laaksonen. Today, the company has a presence in the UK, France and Poland. Its corporate shareholders include Singtel Innov8 and NUS Enterprise. The company stands at the forefront of cyber security innovation with the introduction of two pioneering AI-powered products: IMMUNE X-TPRM and IMMUNE GRC.
IMMUNE X-TPRM is our answer to modern third-party risk management challenges. On the other hand, IMMUNE GRC is designed to streamline governance, risk, and compliance processes.
To learn more about Responsible Cyber, visit www.responsible-cyber.com
Wen Sin LIM
in**@***************er.com
You must be logged in to post a comment.