Report: Malaysian tech start-ups leave for Singapore, Australia to grow business | Malay Mail

Tuesday, 15 Oct 2019 10:28 AM MYTInter-Pacific Securities Sdn Bhd head of research Pong Teng Siew claimed the investor base in Malaysia is not so receptive of tech-based start-ups. — Picture by Yusof Mat Isa

“Malaysian investors tend to feel that a proven track record is more important when investing in a company,” Inter-Pacific Securities Sdn Bhd head of research Pong Teng Siew was quoted saying byHe claimed the investor base in Malaysia is not so receptive of tech-based start-ups, which typically rely on a different kind of business model than investors are used to.

“Investors stand to lose out from the potential value that tech-based start-ups provide,” Pong told the newspaper. According to Lee, the trend of local start-ups looking to a list in Australia is relatively new as companies historically turned to Singapore and Hong Kong stock markets.

There all our geniuses went...

Singapore: shared prosperity. Malaysia: if i am unable to get it, you can't too, and if you have it, it's mine!

Not surprised

Too much govt interfering in business in Malaysia. Those who want to run a real business professionally will want to do so in a place like Singapore.

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