Robust

2022 - 12 - 27

Post cover
Image courtesy of "The Edge Markets MY"

ACE Market-bound Vestland anticipates strong 2023 on robust order ... (The Edge Markets MY)

ACE Market-bound design-and-build contractor Vestland Bhd is expecting to have another year of solid performance in 2023, according to group managing ...

The company started as a pure build contractor in 2011, but has since expanded its scope of work to become a design-and-build contractor in 2020. Revenue also grew to RM139.91 million for 6MFY2022, from RM66.53 million for 6MFY2021. At the offer price, it is estimated to have a market capitalisation of RM311.6 million upon listing, which is slated for Jan 31, 2023. In 2021, the group expanded its business to include civil engineering works. He said labour shortage issues are expected to ease in the coming months. Liew said Vestland foresees more government jobs to be up for grabs in 2023.

Post cover
Image courtesy of "The Hindu"

Huddle Global 2022 showcases state's robust startup ecosystem (The Hindu)

Chief Minister Shri Pinarayi Vijayan inaugurated the two-day 'Huddle Global', Asia's largest tech co.

The previous editions saw the country-wide participation of more than 5,000 startups, besides investors, government officials, academia, and business community. The first day of the meet saw 100 startups pitching ideas. But the total funding raised by this sector accounts for less than one per cent of the venture capital inflow at the pan-India level. Fintech and SaaS (enterprise tech) startups are at the forefront of raising venture capital in Kerala. KSUM signed Memorandum of Understandings (MoUs) with DBS Bank, Singapore, T-Phoenix Angel Forum and YUNUS Social Business Fund, Bengaluru, at the conclave. Growth capital accounts for the highest share in Kerala’s VC funding while seed stage deals make more than two-thirds of the total funding deals pegged at 551 million dollars.

Explore the last week