VENTURE CAPITAL POST

Virgin Mobile Middle East and Africa had introduced new telecom services in Malaysia.

Sources told Reuters that RHB Bank of Malaysia would poach Maybank's Indonesian unit head Khairussaleh Ramli and appoint him as RHB's new Deputy CEO.

Sources revealed that France-based Societe Generale would be issuing a USD 300 million Islamic bond program in Malaysia.

Malaysian Minister Paul Low said that the government would soon utilize phone tapping and employ internet monitoring devices to eradicate corporate and government corruption.

Biotech Corp said that it has already passed its investment target for this year.

Five investment projects were approved by Malaysia's National Key Economic Area today.

The Thales Group announced that they are set to ink the deal with Malaysia's Keretapi Tanah Melayu Bhd (KTMB) tagged at RM380 million.

During Huawei's product launch in Kuala Lumpur, the company stated that they are fighting to enter the top three in Malaysia's smartphone market.

Malaysia's Ranhill Energy and Resources is set to return the US $234 million funds it was able to raise following the IPO's cancellation.

Facebook faced two major mobile ad challenges.

PetroSA was said to be considering the possibility of buying Petronas' controlling stake in Engen.

Malaysia's Boustead planned to make its plantation REIT private and offer an IPO.

Embassy Group sells stake in overseas joint venture back to MK Land Holdings.

ACE launched ACE elite II public offering of securities insurance.

UMW Oil & Gas Bhd IPO at MYR3 per share.