Today’s midweek read looks at two Malaysian companies that sought fortunes abroad, and aren’t doing so well.
One rode the PR cycle, promised a deep-tech revolution and listed on Nasdaq, but has missed its own deadlines.
The other, a parenting media platform backed by Malaysian public funds, listed on Australia’s NSX and is now chasing a US IPO, leaving questions in its wake.
🚀 Also, Monday’s ICYMI:
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Before I get to the main story: how long can Retirement Fund Inc (KWAP) sustain Malaysia’s pensions burden?
I was doing a sweep of Budget 2026-related expenditure and this one stood out.
Civil servants’ pensions sit high on the money–power spectrum for obvious reasons: the bureaucratic machinery must run smoothly or the prime minister risks political and policy failure. Civil servants also form a crucial voter base.