Urgent.News

the world's headlines, one feed

Editions

Finance & Markets

Crypto boss eyes second act for Malaysia’s Forest City after closure of Network School

Jeff Yew is considering establishing his own technology campus at Forest City.

KUALA LUMPUR - Malaysian tech investor Jeff Yew is considering a plan to revive the vacant tech campus, Forest City, potentially bringing a second life to the experiment that drew hundreds of entrepreneurs to the country. Yew, former Binance Australia head, envisions a "Malaysia first" approach, which differs from Balaji Srinivasan's experiment, Network School.

Network School, run by Srinivasan, offered a curriculum blending practical skills with an ideological vision of technology and society's future. The school shut down in July due to a public falling out between Srinivasan and Malaysian authorities. Yew, who heads Monochrome Asset Management, a Bitcoin exchange-traded fund, is exploring opportunities for the campus to serve as a base for new technology entrepreneurs while nurturing local talent.

The goal is to turn the state of Johor into a digital hub for AI, blockchain, and computer science, aligning with Malaysia's ambitions to build a technology economy beyond data centers.

Written by urgent.news from Straits Times Business's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at straitstimes.com →

More in Finance & Markets

[Opening Market] KOSPI Surges Past 6,400 on Semiconductor Rally

On the morning of Aug. 12, the domestic stock market is showing an upward trend, driven by the steady flow of the semiconductor sector and recently announced strong export performance, despite the…

  • KOSPI index surpasses 6,400, driven by semiconductor rally
  • KOSDAQ index declines slightly amid profit-taking
  • Foreign investors net-bought KOSPI shares, boosting market

Samsung, SK hynix Expected to Deliver Massive Shareholder Returns

Samsung Electronics and SK hynix are expected to announce large shareholder return programs as early as this month following their record earnings.

  • Samsung Electronics and SK hynix to reveal shareholder return plans in Q3
  • Combined returns expected to exceed 150 trillion won
  • Analysts see dividend yield over 7% if returns realized