A deep dive into Khazanah's tech investment journey

More: GoTo Group issues a statement following layoff rumors. [Read from your browser]( Daily Newsletter Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](.  --------------------------------------------------------------- IN FOCUS In today's newsletter, we spotlight: - [Khazanah Nasional’s role in the Malaysian tech scene]( - A strong jump in revenue for a Singaporean SaaS startup - Other newsy highlights such as Orbit Connect India getting permission to operate its satellites and GoTo Group’s latest statement concerning potential layoffs. --------------------------------------------------------------- Hello {NAME} Over here in Singapore, some of us (including myself) like to jokingly refer to the government as ah gong, which roughly translates to “grandfather.” It speaks to the paternalistic view that many locals have of the government, so when we receive certain benefits from time to time I’ll just go: “Thank you ah gong.” This can refer to any branch of the government too. Get cash handouts under the [annual Budget]( from the Ministry of Finance? Thank you ah gong. Successfully secure housing from the Housing and Development Board? Thank you ah gong. Get a nicer meal while serving your National Service one day? You know what to say. Looking at today’s story got me curious about how my neighbors up north casually refer to their government. Does it apply across all the agencies and statutory boards like us? Or do different ones have different colloquial terms? More specifically, what would those in the tech scene call Khazanah Nasional, Malaysia’s sovereign wealth fund, whenever they receive an investment? We might not get the answer in today’s story, but it does take a closer look at what the fund has been up to in the country’s tech and startup sector. -- Jonathan  ---------------------------------------------------------------  THE BIG STORY [Mapping Khazanah’s role in Malaysia’s tech investments]( The Malaysian sovereign wealth fund seeks to up its game, but government policies may hamper its progress. --------------------------------------------------------------- TRENDING NEWS [India’s Jio Platforms gets license to operate Starlink-rivaling satellites: report]( Jio Platforms’ Orbit Connect India is also a rival to Amazon’s Kuiper, which has also set sights on the country, Reuters reported. [GoTo stays mum on ByteDance’s layoff plans as former chiefs leave board]( GoTo’s comments to the IDX came a day after Andre Soelistyo, William Tanuwijaya, and Melissa Siska Juminto left GoTo’s board of commissioners. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Indonesia’s top-funded tech companies in the last decade]( Which companies in the country are getting the lion’s share of investments? This automated tracker will help you stay up to date. --------------------------------------------------------------- TECH IN ASIA X AIRWALLEX STARTUP NIGHT ON JUNE 19 Be in the room where it happens In Singapore's fast-paced startup scene, standing still means falling behind. This exclusive networking mixer is where you'll connect with the movers and shakers from Keppel Logistics, Janio, Carro, Coinhako, and more who are shaping the future of Singapore's tech landscape. 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