The week at a glance

Rakuten Trade marks first year as trailblazing fintech startup

Digital equity broking platform Rakuten Trade Sdn Bhd (Rakuten Trade) first opened its doors a little over a year ago and has grown from strength to strength with the commitment to change and simplify the equity broking Industry. In just 10 months, the 50:50 joint venture of Kenanga Investment Bank Bhd and Japan’s Rakuten Securities Inc managed to welcome aboard 10,000 customers onto their platform and has continued growing rapidly to its current pool of over 16,000 activated accounts. SCB to launch associate platform at TriBE 2018

Sarawak’s inaugural conference, Business Events Tribal Meet (TriBE 2018) on August 24, 2018, will also see the launch of the BESarawak Alliance – a dedicated associate platform for government ministries and agencies to further Sarawak’s economic transformation. Initiated by the Sarawak Convention Bureau (SCB), a state agency under the Ministry of Tourism, Arts, Culture, Youth and Sports, this all-new platform aims to create collaborative opportunities between government ministries and agencies through Business Events (meetings, incentives, conventions, exhibitions). Sabah sets up taskforce to propel oil and gas sector

The Sabah state government has set up a taskforce to propel the oil and gas sector in the state. Sabah Deputy Chief Minister Datuk Seri Wilfred Madius Tangau, who is also State Trade and Industry Minister, said the taskforce spearheaded by Sabah Oil and Gas Development Corporation Sdn Bhd ( SOGDC) would be identifying collaboration opportunities to take the sector to a higher level. RAM reaffirms Chellam Plantations’ AAA(fg) sukuk rating KUCHING: RAM Ratings has reaffirmed the AAA(fg)/Stable rating of the RM150 million 10- year tranche ( 2016/ 2026) under Sabah- based Chellam Plantations (Sabah) Sdn Bhd’s RM300 million Guaranteed Sukuk Murabahah Programme ( 2016/ 2033). The enhanced rating is premised on an irrevocable and unconditional guarantee extended by Danajamin Nasional Berhad (rated AAA/Stable/P1) on the tranche.