MediSun Energy raises US.75 mil seed round with Vynn Capital

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  • MENA development and advancement of ionic energy innovation are the goals of Ambassador.
  • Tech&nbsp, can become critical for industries&nbsp, that require creativity in power management

A Singapore-based company with a focus on advanced osmotic ( blue ) energy technology, MediSun Energy Pte Ltd, has successfully secured US$ 8.75 million ( RM$ 39.1 ) in funding and established a strategic partnership with Southeast Asian venture capital firm Vynn Capital Sdn Bhd. The funding consists of US$ 5 million ( RM22.34 million ) in venture debt and US$ 3.75 million in equity financing, bringing the company’s valuation to US$ 44 million.

]RM1 = US$ 0.224]

The parties stated in a joint statement that this was one of the major investments made by the Mobility and Supply Chain fund of Vynn Capital, which was supported by some institutional investors in Malaysia and other local limited partners.

The money round, led by Vynn Capital, attracted many new buyers, including MOAJ Holding, a leading Royal investment firm, Frank Phuan, TNB Aura, a Singapore-based venture capital firm participating through its Scout Initiative, and Ciri Ventures, a weather tech-focused venture capital firm. In addition, MOAJ Holding has also pledged to fund a native joint venture by putting up up to US$ 30 million into Medisun’s Saudi Arabia company.

The collaboration aims to strengthen MediSun’s research and development capabilities and expand its development into the MENA area. One facility will be set up for load generation, the other for load production, according to MediSun.

Dusun Kim, Founder &amp, CEO of MediSun, stated:” At MediSun, we are dedicated to making the world green and better. Our zero-brine technology not only produces fresh, clean energy, but also benefits from a more lasting future. We will be able to expand our businesses and introduce our creative alternatives to new markets thanks to our new collaboration with Vynn Capital. We are committed to utilizing this opportunity to advance our goal of addressing the most pressing economic issues.

Victor Chua, Founding &amp, Managing Partner of Vynn Capital, added:” MediSun’s options are essential in solving water supply chain and lack concerns while achieving net-zero coal goals by reducing energy consumption. Over the medium word, we believe such systems can also be critical for various industries, such as freedom and business sectors, that require creativity in energy management. This is especially important given the tale that Southeast Asia and Malaysia play a bigger part in the renewable energy sector.

In addition to supporting MediSun’s development, Vynn Capital is constantly exploring different options and companies in important areas such as Singapore, Thailand, and Indonesia. This agreement places both businesses at the forefront of innovation and sustainability in the region because Southeast Asia’s liquid systems market is anticipated to grow significantly.

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Govt gets tips to run economy

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In: South-East Asia

White papers urges transformation, investment

Deputy Prime Minister Anutin Charnvirakul, right, receives the white paper from Sanan Angubolkul, chairman of the Thai Chamber of Commerce and Board of Trade. (Screenshot)
Deputy Prime Minister Anutin Charnvirakul, correctly, receives the white papers from Sanan Angubolkul, president of the Thai Chamber of Commerce and Board of Trade. ( Screenshot )

In order to achieve a 3 % growth rate by the end of the year, the government is considering creating a white sheet with recommendations for how to revive the nation’s struggling business.

The 42nd regional conference organized by the Thai Chamber of Commerce and Thailand’s Board of Trade, which took place over the weekend in Chon Buri, was attended by Deputy Prime Minister Anutin Charnvirakul on Sunday, and the report includes suggestions made by individuals.

It is a real wishlist or grab-bag of suggestions ranging from measures to help small businesses with debt relief to flood relief, price controls for basic goods, regulatory controls for energy prices, and provincial assistance.

In his capacity as the head of the Thai Chamber of Commerce and Board of Trade, Sanan Angubolkul predicted that Thailand should be able to expand at a highest rate of 5 % once it has successfully restructured its economy, particularly by reducing the country’s household debt burden and improving revenue supply.

The proposals fall into three groups.

The government needs to promote consumer and investor confidence in its ability to control the market, both domestically and internationally, through policies designed to lower business operating costs and living costs.

He suggested that the government may regulate the prices of basic consumer goods and services that people frequently need, such as by limiting the price increases for diesel and electricity.

According to Mr. Sanan, the government should also take into account a request for a shared public-private power committee because it would have a better chance of controlling energy prices.

Private companies are urging Thailand’s government to deliver the budget evenly throughout the country to encourage economic activity outside of the capital and the largest cities, he said.

A new co-payment system, Mr Sanan said, may increase the buying power of customers in such places.

The government’s initiative to stimulate the economy in 10 extra counties should also be sped away and expanded, he said.

The bilateral committee on wages must be given the maximum daily wage adjustment, he said, to prevent further interference with the committee’s work.

According to Mr. Sanan, the next area of ideas is the need to increase SMEs ‘ ability to compete more competitively, mainly by lowering their debt load.

In this case, the state may develop procedures to increase income distribution.

He suggested that it should also reduce the impact of debts on SMEs by limiting mortgage payment and/or extending the time it takes for heavily indebted people and SMEs.

He added that government treatment to safeguard regional businesses from the effects of price dumping and the influx of inferior goods from other nations is also crucial to ensuring the survival of local businesses.

He added that “more investments are also encouraged in industries with a good potential to grow properly and use several people.”

He said there are new ways to encourage economic growth, as well as new ways to encourage more investments, in the next set of proposals.

” The government should bear in mind the need to keep up the momentum for growth in important business regions, particularly food, hospitality, health and wellness, transportation, and education-related companies”, he said.

In addition to these conventional sectors, the development of new S-curve businesses including AI-based, online, electric vehicle and clean energy industries, also needs a genuine push from the government, he said.

The government should not ignore the water management issues, he said, despite its efforts to encourage economic growth. Repeat floods and drought may halt development, he said.

The authorities should take into account the change in the world’s political situation as it adjusts to the world’s changing economic environment, according to the TCC chairman.

The looming trade war is preferable to a true war, he said, “even though Mr. Trump’s return may provide more uncertainty to the world economy and global trade.”

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‘Social revenge attacks’ raising concerns about deeper societal issues in China. What can be done?

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In: Asia

THE IMPORTANCE OF MENTAL HEALTH AWARENESS

A home crisis, a high level of public debt, and rising youth unemployment rates have all had a negative impact on both the country’s economy and emotional health. &nbsp,

Mental wellness remains a growing problem in the country – with reports of people feeling stressed, burnt out, anxious and depressed. In addition to the volatile market and post-pandemic treatment, experts have cited rising living costs, high poverty rates, and a lack of state support. &nbsp,

A slowing economy, uncertain future, and an unsteady international climate are putting a lot of strain on Chinese society, according to Mr. Bram, who also noted that it was difficult to apply this theory to a population as big as China. &nbsp,

The long tails of the COVID-19 epidemic and people trust caused by the government’s terrible shutdowns” contributed to a sense of desperation amongst several in society”, he added.

According to the Chinese Academy of Science’s” Blue Book of National Depression,” only 20 of every one million people in China had right access to mental health care, compared to 1, 000 Americans ( per million ) who benefited from those benefits and aid in the US.

Dr. Zhao and other authorities suggested more proactive strategies to raise awareness of mental illness and foster emotion. ” The part of social assistance systems is crucial”, he said. Their concerns may grow to the point where they become insurmountable when they are unable to deal with stress or resolve problems.

However, care and seeking help were still a significant social discrimination. &nbsp,

According to Dr. Jared Ng, a physician and the clinical director of Connections Mind Health, a doctor in Singapore that provides mental health services to a different audience, including Chinese students studying abroad,” shame frequently prevents individuals from seeking help, leading some people to suffer in silence or maintain their problems within the home.” &nbsp,

Minimal access to care is another issue, Dr Ng added. &nbsp,

He claimed that rural regions have fewer assets than urban centers, and that early detection and treatment were also crucial in preventing aggressive episodes. &nbsp,

According to Wikipedia,” Socio-economic stressors is drive people to their bursting point, and when combined with substances like drugs or alcohol, these pressures can turn into serious behaviors, including damage to oneself or another.”

According to other experts, psychological help alone cannot resolve the deep issues. &nbsp,

In this situation, would more psychological support be beneficial? Of course”, said Mr Bram. ” ( But ) would it have prevented these instances of social violence altogether? Possibly not, as the dynamics involved are both specific and complex” .&nbsp,

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‘The world is crazy’: Spate of mass casualty incidents in China reveal pent up grievances and anger

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In: Asia

THE IMPORTANCE OF MENTAL HEALTH AWARENESS

A house crisis, a high level of public debt, and rising youth unemployment rates have all had a negative impact on both the country’s economy and emotional health. &nbsp,

Emotional health remains a growing problem in the country – with reports of people feeling stressed, burnt out, anxious and depressed. In addition to the volatile market and post-pandemic treatment, experts have cited rising living costs, high poverty rates, and a lack of state support. &nbsp,

A slowing economy, uncertain future, and an unsteady international climate are putting a lot of strain on Chinese society, according to Mr. Bram, who also noted that it was difficult to apply this theory to a population as big as China. &nbsp,

The long tails of the COVID-19 epidemic and people trust caused by the government’s severe shutdowns” contributed to a sense of desperation amongst several in society”, he added.

According to the Chinese Academy of Science’s” Blue Book of National Depression,” only 20 of every one million people in China had proper access to mental health care, compared to 1, 000 Americans ( per million ) who benefited from those benefits and aid in the US.

Dr. Zhao and other authorities suggested more proactive strategies to raise awareness of mental illness and foster emotion. ” The part of social support systems is crucial”, he said. Their concerns may grow to the point where they become insurmountable when they are unable to deal with stress or resolve problems.

However, care and seeking help were still a significant social stigma. &nbsp,

According to Dr. Jared Ng, a physician and the clinical director of Connections Mind Health, a doctor in Singapore that provides mental health services to a different audience, including Chinese students studying abroad,” shame frequently prevents individuals from seeking help, leading some people to suffer in silence or maintain their problems within the home.” &nbsp,

Minimal access to care is another issue, Dr Ng added. &nbsp,

He claimed that rural regions have fewer assets than urban centers, and that early detection and treatment were also crucial in preventing aggressive episodes. &nbsp,

According to Wikipedia,” Socio-economic stressors is drive people to their bursting point, and when combined with substances like drugs or alcohol, these pressures can turn into serious behaviors, including damage to oneself or another.”

According to other experts, psychological help alone cannot resolve the deep issues. &nbsp,

In this situation, would more psychological support be beneficial? Of course”, said Mr Bram. ” ( But ) would it have prevented these instances of social violence altogether? Possibly not, as the dynamics involved are both specific and complex” .&nbsp,

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Sri Lanka’s new leader sticks within IMF ‘guardrails’

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In: Asia

Ranil Wickremesinghe, Dissanayake’s president, secured the rescue, which includes the repayment of a US$ 2.9 billion mortgage over four decades. In his first handle to congress, after his National People’s Power group won a landslide at the Nov 14 vote, Dissanayake backed the IMF deal on Thursday, marking a U-turnContinue Reading

Cambodia’s flagship canal in hot water as China funding dries up

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China’s absence of clear determination could jeopardise the whole program, given uncertainty over the site’s costs, its economic effect and financial viability, experts, officials and diplomats say. In response to China’s domestic economy struggling, perhaps in nations like Cambodia, it also highlights how Beijing is significantly reducing its investments abroad.Continue Reading

Govt approves big BMA debt fufilment budget

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In: South-East Asia

PUBLISHED: 23 Nov 2024 at 06: 10

Bangkok governor Chadchart Sittipunt speaks to reporters after a meeting held on Friday by the Bangkok Metropolitan Council. (Photo: Bangkok Metropolitan Administration)
Following a meeting of the Bangkok Metropolitan Council on Friday, Bangkok Governor Chadchart Sittipunt addresses writers. ( Photo: Bangkok Metropolitan Administration )

The Bangkok Metropolitan Council ( BMC) has approved the Bangkok Metropolitan Administration’s ( BMA ) request for a 14.54-billion-baht budget for paying the debt owed to Bangkok Mass Transit System Plc ( BTSC), the operator of the BTS Skytrain.

Bangkok governor Chadchart Sittipunt presented a draft ordinance for an additional$ 14.54 billion baht budget allocation at a meeting held on Friday by the BMC.

According to a decision from the Supreme Administrative Court in July, the funds are intended to settle outstanding obligations related to the operation and maintenance of the BTS Green Line.

As of Nov 1, the BMA’s financial resources for the 2025 governmental month amounted to 81.43 billion baht, with unfettered money totalling 38.3 billion ringgit.

While this allocation will address a part of the city’s economic duty, BMC part Napapol Jirakul, representing Bangkok Noi area, pointed out that the BMA’s total liabilities are around 40 billion rmb, incurring everyday interest charges of 7 million baht.

He emphasized that paying off the interest on the loan may save more than 100 million baht, which could be diverted to other development tasks.

A 24-member ad-hoc committee was established to examine the law after the BMC unanimously approved Mr. Chadchart’s proposal by a majority vote of 37 users. To finalize the document, the committee has 45 days to explicit and a 10-day time for amendments.

Mr. Chadchart claimed that the Supreme Administrative Court has now decided to dismiss further appeals because it already had to do so.

But, requests for information on the results from the NACC were denied.

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Council approves big BMA debt fufilment budget

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In: South-East Asia

PUBLISHED: 23 Nov 2024 at 06: 10

Bangkok governor Chadchart Sittipunt speaks to reporters after a meeting held on Friday by the Bangkok Metropolitan Council. (Photo: Bangkok Metropolitan Administration)
Following a gathering of the Bangkok Metropolitan Council on Friday, Bangkok Governor Chadchart Sittipunt addresses writers. ( Photo: Bangkok Metropolitan Administration )

The Bangkok Metropolitan Council has approved the Bangkok Metropolitan Administration’s request for a 14.54 billion-baht budget to pay Bangkok’s BTS Skytrain’s operator, Bangkok Mass Transit System Plc ( BTS ).

Bangkok’s governor Chadchart Sittipunt presented a draft ordinance for an additional$ 14.54 billion baht budget allocation for the 2025 fiscal year at a council meeting on Friday.

According to a decision from the Supreme Administrative Court in July, the funds are intended to settle outstanding obligations related to the operation and maintenance of the BTS Green Line.

As of Nov 1, the BMA’s financial resources for the 2025 governmental month amounted to 81.43 billion baht, with unfettered cash totalling 38.3 billion ringgit.

While this allocation will address a part of the city’s economic duty, council Napapol Jirakul, representing Bangkok Noi area, pointed out that the BMA’s total liabilities are around 40 billion rmb, incurring daily interest charges of 7 million baht.

He emphasized that paying off the interest on the loan may save more than 100 million baht, which could be diverted to other development tasks.

A 24-member ad-hoc committee was set up to evaluate the law after the council unanimously approved Mr. Chadchart’s proposal by a majority of 37 members. To finalize the document, the committee has 45 days to explicit and a 10-day time for amendments.

The government claimed that the Supreme Administrative Court had already decided to dismiss more appeals because the NACC’s studies had already been taken into account in its discussion.

But, requests for information on the observations from the NACC were denied.

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Ex-DBS employee jailed for accessing customer data, passing details to moneylender and bookie

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A former DBS contract worker was jailed on Friday ( Nov 22 ) for allegedly unauthorized access to the bank’s customer information.

On five events, Huang Pin Wen, 27, made an illegal lender or bookmakers request to do so. Other times, he did so to” show off” to others that he could get the information, the prosecutor said.

Huang faced 122 fees. He pleaded innocent to 13 crimes, with the remaining taken into consideration for punishment.

Huang’s employment opportunity covered the POSB Everyday credit cards. His responsibilities included checking if customers ‘ spending allowed them to receive subsidies and verifying when DBS buyers purchased the card.

To do this, he was issued a computer and granted entry to DBS ‘ customer relationship management structure, which held user data.

He was educated on the Personal Data Protection Act and the confidentiality of bank customer information, and he was aware of the limitations on accessing or disclosing consumer data for non-work-related purposes.

A buyer who provided screenshots of a conversation with an improper moneylender, Kenneth Tan, was the subject of a court hearing in February 2021.

In the talk dated Dec 7, 2020, Tan claimed it had cost S$ 450 to give a DBS personnel to perform a search on the consumer, who owed Tan income. Huang had allegedly accessed the company’s data that day, according to DBS.

DBS suspended Huang and started examinations, which revealed that Huang had accessed the information of 78 banks customers without power from Apr 7, 2020, to Feb 15, 2021.

When DBS questioned Huang about this, he denied any wrongdoing. In March of that year, the banks reported him to the authorities and fired him from his position.

According to Deputy Public Prosecutor Eunice Chew, Huang began illegally accessing client information on his computer when he began working from home at the” loop breaker” period of the COVID-19 pandemic.

He accessed his son’s friend’s data out of curiosity, and after boasting to his son’s companion that he could.

In order to perform a trick on a friend’s sister and mother, he even accessed their information.

Similar incidents, according to the prosecutor, were “less malignant” than the ones where Huang retrieved information from Tan and a bookmaker who had been a member of their illegal football team.

Through this common companion, Huang and Tan first connected with one another in the months of August and September of this year. At a meeting, Tan complained that he was unable to retrieve money from some consumers.

Huang informed Tan that he was employed by DBS and may assist in the investigation of owed income donors.

Tan contacted Huang via common friend on October 16, 2020, asking for assistance in obtaining a debtor’s tackle and bank account information.

Huang emailed their mutual friend who forwarded the photos to Tan after looking up their client profile on his cellphone.

Tan then gave the woman’s address to debt lovers, who went to the house to demand payment.

Within a month, Tan passed Huang S$ 100 to thank him for the details. For this, Huang was given a S$ 100 charges that he paid after his conviction on Friday.

Huang remained with Tan for three more times in this capacity. Additionally, he assisted their mutual friend, the unlawful bookmakers, in obtaining a bank customer’s account details.

With this knowledge, the bookmakers knew that the buyer had money in his bank accounts, and he asked people to demand payment.

Ms Chew, the counsel, sought a prison term of eight weeks and seven months to 10 weeks and two days for Huang.

She said Huang had abused his status as a DBS staff and was “extremely frequent” in his crimes, which were very difficult to detect.

Mumtaj Banu, the defense attorney, requested the prosecution’s most extreme statement possible.

She said Huang committed the crimes “out of folly” and to please people, and did not use the customer information for individual gain.

Additionally, Ms. Banu claimed that Huang only benefited from the$ 100 that would be exchanged for money.

In imprisonment, District Judge Ow Yong Tuck Leong said that Huang’s steps had damaged Singapore’s status as an internationally respected financial center.

Tan also admitted guilt in 2023 and was imprisoned for three months for gratifying Huang with$ 100.

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