Malaysia’s Penjana Kapital Sdn Bhd (Penjana Kapital) recently signed a memorandum of cooperation with Indonesian-focused private investment firms Indies Capital Partners and AC Ventures to facilitate cross-border investments and technology transfer. The memorandum allows the establishment of a framework for the three companies to explore co-investment opportunities in Malaysia-Indonesia growth companies through existing and soon-to-launch funds. This will also solidify their commitment to facilitate cross-border investments and technology transfer in key sectors such as data centres, education, hospitality, mobility, and waste management involving Indonesian and Malaysian startups. Malaysian Prime Minister Anwar Ibrahim and Minister of International Trade and Industry Senator Zafrul Tengku Abdul Aziz witnessed the signing ceremony during the Prime Minister’s two-day working visit to Jakarta.