The average ticket size of GEC-KIP Technology and Innovation Fund will be between US$1.5M and US$3.7M with follow-on potential Singapore-based Golden Equator Capital (GEC) and Seoul-headquartered Korea Investment Partners (KIP) have announced the launch of a S$120 million (US$88 million) fund to invest in Series A and Series B high-growth technology companies in Southeast Asia. […]
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KUALA LUMPUR (July 16): The Ministry of Transport (MoT) today sought to alleviate concerns over the "rigorous cost rationalisation" of the Light Rail Transit Line 3 (LRT3) project, saying the move would lead to higher operational viability and lower ticket fares.
The rationalisation of the 37km line between Bandar Utama and Klang involves reducing the cost of the project by 47% or RM15 billion from RM31.6 billion to RM16.6 billion.