News

The Sarawak-based primary integrated healthcare provider, which recently entered into a strategic partnership with Ikhlas Capital is eyeing acquisitions in the retail pharmacy and general practitioners segments.

Private equity firm Ikhlas Capital is investing RM74 million in Sarawak-based PMG Healthcare. The Company was established in 2012, operating 152 pharmacies, 28 medical clinics, and eight dental clinics nationwide.

The increasingly divided international economy offers a golden opportunity for ASEAN to position the regional bloc as a key player in the world, says ASEAN BAC Malaysia chairman Tan Sri Nazir Razak.

At 98.33%, Zezz-Ikhlas attained one of the highest acceptance levels in recent years for a privatisation, and compulsory acquisition of the remaining shares is currently ongoing, Kenny Kim says.

Private equity and venture capital are economic multipliers that have tremendous growth potential in ASEAN, and can contribute more extensively to R&D and are capable of driving employment, said Nazir Razak, noting that there is growth potential in ASEAN’s private equity industry.

Nazir Razak, who will assume the chairmanship of ASEAN-BAC next year, said ASEAN-BAC will collaborate with the Securities Commission (SC) to introduce the ASEAN IPO framework which aims to encourage investment in the region.

Silverlake Axis announced that it is offering 36 Singapore cents per share to its shareholders in a bid to take the company private.

Food Empire will receive a capital injection of US$40 mil through a partnership with Ikhlas Capital, which is expected to drive capital expenditure and M&A in Southeast Asia and South Asia.

Asean-BAC which Malaysia will chair next year will emphasise on generating increased regional deals, transactions and products in renewed efforts to foster regional economic integration, said its chairman, Tan Sri Nazir Razak.

Nazir Razak has been appointed the chairman of the Pahang Economic Advisory Council (MPEN) starting effectively on 1 Dec 2023 for a two-year period.

Nazir Razak opined that many of the country’s development financial institutions (DFIs) and government-linked companies (GLCs) in Malaysia have become too risk averse and are just “cruising”

The latest Endgame podcast episode titled "Money Matters" hosted by Gita Wirjawan discusses 3 important aspects that could affect the future of economics and politics in Southeast Asia: FDI, marginal productivity, and leadership.

The Chairman of Asean-BAC Malaysia's commentary on the Asean Business and Investment Summit (ABIS) held in Jakarta in September 2024.

Nazir Razak said Indonesia has a lot of domestic private equity and valuations have been “on the high side, if you take a long-term horizon".

Gita Wirjawan speaks at the Trans-Pacific Sustainability Dialogue which convenes social science researchers and scientists from Stanford University and across the Asia-Pacific region, held in Seoul, Republic of Korea, on September 12-14, 2023.

Nazir Razak said companies in Malaysia, including the government and the private sector, should include the younger generation and make it a compulsory requirement to have them as board members, to maximise creativity in the nation’s economy.

Former CIMB Group chairman Tan Sri Nazir Razak is now the chairman of the Malaysia Indonesia Business Council (MIBC), a platform for Malaysia's private sector to address and resolve challenges related to economic cooperation between both countries.

Ikhlas Capital Singapore Pte Ltd, an investment holding company co-founded by Tan Sri Nazir Razak, will be one of the biggest winners with Pelikan’s disposal of its stationery business.

Gita Wirjawan is on the panel “The Future of Governance” as part of a two-day conference celebrating Shorenstein APARC 40 Years of Research, Education, and Outreach.

Ikhlas Capital is playing a role to actively support ASEAN integration and the government’s preparations for Malaysia’s chairmanship in 2025. This is particularly in alliance with Ikhlas Capital’s goal of being a catalysts for ASEAN economic integration.

Gita Wirjawan is involved in a panel discussion with Wendy Cutler discussing how the U.S. and Chinese may approach trade agreements differently with countries from the Asia-Pacific Region.

Tan Sri Nazir Razak’s retirement will provide him with more time to focus on his ASEAN private equity investments as well as his new role as the chairman of the ASEAN Business Advisory Council Malaysia.

The report, authored by Gita Wirjawan centers on 10 Southeast Asian economies and how the distribution of monetary capital to each country is influenced by the degree to which it has adopted liberal democratic institutions and systems.

Gita Wirjawan is part of a roundtable discussion on the state of democracy, development, and the rule of law in Indonesia – spoke about prospects and challenges for Indonesian democracy and development, including his expectations for the outcome and impact of elections next year.

Tan Sri Nazir Razak has been appointed as the chairman of the Asean Business Advisory Council (ASEAB-BAC) Malaysia for the period of 2023 to 2026.

Seminar given by Gita Wirjawan on general concerns over the rise of autocracy, the growth of populism leading to an inability to recruit and select national leaders based on their actual talent. Furthermore, he elaborates on the requisites for the economic and democratic success of open economies, in Southeast Asia.

Tan Sri Nazir Razak is presented as the winner of Business and Industry Award, commended for his achievement as Managing Director and Chief Executive of CIMB between 1999 and 2014.

Tan Sri Nazir Razak addressed the ongoing economic changes and disruptions in Southeast Asia, drawing on his experience in the banking and finance sector on the 26th Regional Outlook Forum, a flagship event organised by ISEAS – Yusof Ishak Institute.

Cesar Purisima pushes the idea to increase the taxes on tobacco, alcohol, and sugary beverages as this can generate both vital health benefits and substantial revenues for governments to combat the budget deficit created by the Covid-19 pandemic.

Gita Wirjawan, former Minister of Trade of Indonesia and Ikhlas co-founder, was the guest speaker at this year's Conference on Indonesian Foreign Policy 2022.

Gita Wirjawan, former Minister of Trade of Indonesia and Ikhlas co-founder, was the guest speaker at Stanford Southeast Asia Program

The former Minister of Trade of the Republic of Indonesia for the 2011-2014 period, Gita Wirjawan explained that the Southeast Asian economy in the last thirty years has tripled the growth of GDP (Gross Domestic Product) per capita per person.

An excerpt from Tan Sri Nazir Razak’s commemorative lecture at the 64th anniversary of the Malaysian Institute of Certified Public Accountants on Oct 3

EdTech Cakap names former trade minister Gita Wirjawan as Board of Commissioner. Cakap is the leading upskilling platform in Indonesia with two core business pillars: Language and Vocational courses.

France confers former finance secretary Cesar V. Purisima title of 'Knight of the Legion of Honor'

In a hypothetical question on how he would tackle corruption if he was in a position of power, Tan Sri Nazir Razak said that an amnesty and "Shoot To Kill" anti-graft policy is what the country needs.

Ayala Corp., the country’s oldest conglomerate, has welcomed former finance secretary Cesar V. Purisima to its board of directors.

Ikhlas Capital buys stake in San Miguel’s banking arm BOC for US$21 million

Ikhlas Capital is one of Farm Fresh’s cornerstone investors

Southeast Asia Lecture Hall: 8th Lecture - Business in Southeast Asia with Cesar Purisima

Tan Sri Nazir Razak advocates for a national reset for Malaysia via the setting up of a 'Better Malaysia Assembly’

Better Malaysia Assembly: Time for a New Reset

Tan Sri Nazir repeats call for deliberative platform to work alongside existing democratic processes for Malaysia’s reset

Launch of Tan Sri Nazir Razak’s debut book titled "What's in a Name", a book of reflections about what Tan Sri Nazir Razak witnessed, the key events that defined him, how he rationalised all of it and his ideas on the way forward for our nation.

Gita Wirjawan is appointed as Danacita’s advisor and aim to build a better future for the younger generation by increasing access to higher education in Indonesia

Ikhlas Capital invests US$40 million in Silverlake Group

‘Defusing the inequality time bomb’ by former finance secretary Cesar V. Purisima, who is also founding partner at Ikhlas Capital and Asia Fellow at the Milken Institute

Bank Pembangunan confirms Tan Sri Nazir Razak's appointment as chairman

AMMB Holdings Bhd has approached Tan Sri Nazir Razak’s private equity firm Ikhlas Capital to potentially take up a portion of the banking group’s private placement of new shares

Tan Sri Nazir Razak has turned to the new social networking app Clubhouse to champion his call for another National Consultative Council (NCC) to reset Malaysia and guide the country into the future

Axiata appoints former trade minister Gita Wirjawan as advisory panel board members

Tan Sri Nazir Razak is now the non-executive chairman of PLS Plantations Bhd

Four form a catalyst for private equity, Ikhlas Capital, which comes with a network of contacts with the promise of huge opportunities

According to former trade minister Gita Wirjawan, the post-Covid-19 world order will be marked by a shift in business models from the old paradigm to a digital or virtual paradigm, as well as the creation of polarization between the United States (US) and China

Ikhlas sitting on dry powder of more than US$175 million

Integrated cold storage solutions provider, Glacier Megafridge Inc. (GMI) has obtained US$18 million funds from Ikhlas Capital, allowing the company to scale up capacity and expand its nationwide footprint

‘A vaccine against social collapse: A case for the economics of radical compassion’ by Laura Deal Lacey, Harvey Chua and former finance secretary Cesar V. Purisima, who is also founding partner at Ikhlas Capital

Pelikan to sell 10% stake to Nazir's PE firm Ikhlas Capital