business 15 - The Latremie Post

Westports, iPay88, RCX Group leaders to speak at Entrepreneurs Summit VI

The Entrepreneurs Summit VI is set to return on 2 October 2025 in Kuala Lumpur as Malaysia’s leading one-day platform that brings together entrepreneurs, corporates, investors, and government representatives to accelerate collaboration, capital, and growth.

### Spotlight on Founder Journeys and Growth Strategies

The summit will highlight founder journeys, practical growth strategies, and high-level networking opportunities designed to drive innovation across industries. Supported by media partner *The Rakyat Post* and community partner Next Up Asia, the event features keynote addresses and interactive panel discussions focused on the real challenges and opportunities involved in building high-growth businesses.

### Key Sessions and Topics

Sessions will explore a range of insightful topics, including:

– Founder journeys to global scale
– A Solarvest case study
– The hidden truths of entrepreneurship
– Data-backed failure vs. scale analysis
– Innovation versus execution
– Government partnership strategies
– Corporate co-founding models
– 2025 investor trends
– Sector forecasts for biotech, fintech, and digital commerce

### Esteemed Speaker Line-Up

This year’s speaker line-up includes prominent business leaders and ecosystem builders such as:

– Ruben Emir Gnanalingam, Executive Chairman, Westports Holdings
– Kent Chua, CEO, RCX Group
– Chan Kok Long, Co-founder of iPay88 & Group CEO, Carehaus Sdn Bhd
– Arieff Aaron Abudullah, Director, Invest Selangor Berhad
– Ben Lim, CEO & Founder, NEXEA

### Insights from Industry Leaders

Kent Chua, CEO of RCX Group, emphasizes the abundant talent, capital, and ideas already present in Malaysia:
“Too often we hear founders complain about the ecosystem—funding, policy, competition. The truth is, Malaysia already has the talent, capital, and ideas. What matters now is whether founders stop making excuses and start making moves. Entrepreneurs Summit VI gives you the tools, but what you build with it is on you. Winners turn insights into action; losers just keep talking.”

Chan Kok Long, co-founder of iPay88 and Group CEO of Carehaus Sdn Bhd, adds:
“This summit brings together all the right players—startups, corporates, investors, and policymakers—under one roof. This is where collaborations are born and future industries are shaped. We believe Malaysia has all the ingredients to produce world-class entrepreneurs, and gatherings like this give founders the momentum, resources, and confidence to turn big ideas into global businesses.”

Ben Lim, CEO & founder of NEXEA, notes:
“NEXEA backs founders with capital and operational support; Entrepreneurs Summit VI multiplies that effect by creating focused opportunities to meet corporates, investors, and policy influencers. The panels deliver practical insights from leaders who’ve scaled businesses, and the networking is engineered to produce measurable outcomes—pilot conversations, advisory relationships, or investor follow-ups.”

### Anticipated Impact and Attendance

The Entrepreneurs Summit VI expects over 1,000 leaders to attend, representing organizations with a combined revenue of up to US$2.2 billion (RM10 billion). This scale significantly increases the potential for meaningful commercial partnerships.

More than just a conference, the Entrepreneurs Summit VI serves as a catalyst for growth, innovation, and collaboration across Malaysia’s startup ecosystem. With its strong focus on founder stories, actionable growth strategies, and curated networking, the summit aims to accelerate entrepreneurs from idea to impact while positioning Malaysia as a regional hub for innovation.

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Stay tuned for more updates and prepare to join a thriving community that is shaping the future of business in Malaysia and beyond.
https://www.digitalnewsasia.com/startups/westports-ipay88-rcx-group-leaders-speak-entrepreneurs-summit-vi

GST Reforms Will Pump ₹2 Lakh Crore Into The Economy, Boosting Demand Across Sectors: Union Finance Minister Sitharaman

Kolkata: Union Finance Minister Nirmala Sitharaman on Thursday announced that the latest round of Goods and Services Tax (GST) reforms will inject around Rs 2 lakh crore into the economy, significantly boosting demand across various sectors.

Sitharaman described the “new generation GST reforms” as measures designed to cut tax rates, ease compliance, and eliminate ambiguities. These changes are expected to benefit the poor, middle class, farmers, MSMEs, and several industries in West Bengal.

“The (GST) Council’s decision to reduce rates was possible only because states came together in the spirit of cooperation. There is no donor-donee model in GST. If revenues fall, the Centre bears it equally, and after devolution, our share is even smaller,” she said during an event in Kolkata.

The reforms will directly benefit key sectors in Bengal such as handicrafts, garments, tea, jute, and agro-products, thereby aiding festive season sales, the Finance Minister added.

Products including ‘Nakshi Kantha’, Malda mangoes, Darjeeling tea, hosiery, and jute bags will see lower tax rates. The new GST slabs, mainly set at 5% and 18%, will take effect from September 22, coinciding with the first day of ‘Navratri’. Sitharaman explained that this timing was deliberately chosen to align with the Durga Puja festivities.

“Durga Puja is Bengal’s biggest festival. People make major purchases during this period. The timing ensures they benefit from the reduced tax burden,” she said.

Elaborating on the reform trajectory, Sitharaman noted that India has moved from four GST slabs to largely two but added, “We are not yet ready for a single rate. Maybe sometime in the future.”

She also highlighted efforts to curb past revenue leakages caused by misclassification and loopholes — citing examples such as differential tax treatment on various popcorn types — which have now been plugged.

Calling GST “one of India’s biggest reforms,” the Finance Minister expressed confidence that these changes would spur economic growth, especially benefiting Bengal’s small-scale and craft-based industries, while boosting consumption nationwide.

*Disclaimer: This story is from a syndicated feed. Nothing has changed except the headline.*
https://www.freepressjournal.in/business/gst-reforms-will-pump-2-lakh-crore-into-the-economy-boosting-demand-across-sectors-union-finance-minister-sitharaman

NVIDIA acquires $5B stake in Intel, plans joint chip development

**NVIDIA Acquires $5B Stake in Intel, Plans Joint Chip Development**

*By Mudit Dube | Sep 18, 2025, 05:09 PM*

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NVIDIA has announced a significant $5 billion investment in Intel, marking a potential game-changer for the semiconductor industry. Through this deal, NVIDIA will acquire Intel common stock at $23.28 per share—slightly below Wednesday’s closing price of $24.90 but above the recent government purchase price of $20.47.

### NVIDIA Becomes a Major Intel Shareholder

This strategic move will make NVIDIA one of Intel’s largest shareholders, holding a stake of 4% or more once new shares are issued. The investment provides a much-needed boost to Intel, which has faced challenges in turning its fortunes around in recent years.

Moreover, the deal poses a potential threat to Taiwan Semiconductor Manufacturing Company (TSMC), which currently manufactures NVIDIA’s flagship processors.

### What the Deal Excludes

It is important to note that the agreement excludes Intel’s contract manufacturing business—known as its “foundry”—which produces chips for other companies. Industry analysts believe Intel’s foundry division requires major customers like NVIDIA, Apple, Qualcomm, or Broadcom to remain viable.

Still, this investment adds to Intel’s growing capital reserves, coming on the heels of a $2 billion investment from SoftBank and $5.7 billion from the U.S. government.

### Collaboration to Enhance AI Technology

As part of the partnership, Intel will design custom data center central processors that NVIDIA will package together with its AI chips or GPUs. Using proprietary NVIDIA technology, this integration will enable faster communication between Intel and NVIDIA chips, potentially giving Intel a competitive edge in the AI market. Efficient chip-to-chip connectivity is critical for processing large volumes of data, and this collaboration could accelerate AI computing capabilities.

### Market Impact: A Challenge to AMD and Broadcom

Currently, NVIDIA’s advanced AI servers with high-speed interconnects are only available with NVIDIA’s own chips. This deal opens the door for Intel to enter this space, allowing both companies to monetize NVIDIA’s AI server infrastructure more effectively.

Together, the NVIDIA-Intel chip solutions could pose a significant threat to competitors like AMD and Broadcom, who are also developing AI servers and chip-to-chip connectivity technologies.

### Strategic Advantages in Consumer Markets

For consumer applications, NVIDIA will provide Intel with a custom graphics chip to be paired with Intel’s PC central processors. This combination could help Intel regain ground against rivals such as AMD in the personal computing space.

Despite pressure from Arm Ltd technology in data centers and PCs, Intel continues to hold a dominant market share in the x86 computing architecture. This partnership with NVIDIA could strengthen Intel’s position in both consumer and enterprise markets moving forward.

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This landmark deal between NVIDIA and Intel ushers in a new era of semiconductor collaboration, promising innovative chip solutions that could reshape the competitive landscape in AI and computing technologies.
https://www.newsbytesapp.com/news/business/nvidia-invests-5b-in-intel-forms-ai-chip-partnership/story

World Athletics Championships: Neeraj Chopra finishes a disappointing 8th

**World Athletics Championships: Neeraj Chopra Finishes a Disappointing 8th**

*By Rajdeep Saha | Sep 18, 2025, 05:53 PM*

India’s star javelin thrower Neeraj Chopra had a challenging day at the World Athletics Championships in Budapest, finishing eighth in the men’s javelin final. This marks Chopra’s first medal-less finish at a World Championship since 2017. His best throw of the day measured 84.03 meters.

Chopra had successfully qualified for the finals by surpassing the automatic qualification mark of 84.50 meters with his very first throw in Group A. However, he wasn’t able to replicate or build upon that performance during the final.

### Championship Results: Walcott Claims Gold

The gold medal was claimed by Trinidad and Tobago’s Keshorn Walcott, who delivered a season-best throw of 88.16 meters. Walcott is a former Olympic champion, having triumphed at the London 2012 Games. This win represents Trinidad and Tobago’s first-ever gold medal in men’s javelin at the World Championships.

Grenada’s Anderson Peters secured the silver medal with a throw of 87.38 meters, while the bronze went to the USA’s Curtis Thompson, who achieved an effort of 86.27 meters.

### Rising Star Sachin Yadav Shines with 4th Place Finish

Another promising performance came from Indian javelin thrower Sachin Yadav. He finished fourth, setting a personal best with a throw of 86.27 meters on his very first attempt. Yadav was the only Indian to qualify for the sixth and final round of throws.

His performance was a surprise highlight of the final, as he outperformed notable competitors such as Germany’s Julian Weber (86.11 meters) and the reigning Olympic champion Arshad Nadeem (82.75 meters).

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Despite Chopra’s unexpected setback, India’s javelin scene is showing strong potential, highlighted by Yadav’s impressive emergence on the world stage. Fans will be looking forward to their performances in upcoming events.
https://www.newsbytesapp.com/news/sports/neeraj-chopra-finishes-8th-in-budapest/story

Kajol reveals if Karan Johar’s interested in launching Nysa Devgan

**Kajol Reveals If Karan Johar Is Interested in Launching Nysa Devgan**

*By Apoorva Rastogi | Sep 18, 2025, 04:42 PM*

Nysa Devgan, daughter of Bollywood stars Kajol and Ajay Devgn, has been the center of much speculation regarding her potential entry into the film industry. Recently, in an interview with journalist Shubhankar Mishra, Kajol addressed the rumors surrounding her daughter’s Bollywood debut.

When asked if Nysa had received any film offers, especially considering Kajol’s close ties with prominent filmmakers like Karan Johar, Kajol shared, “1-2 phone aaye hain. I don’t think she wants to be. But right now, there is zero percent chance.” This statement made it clear that while a few offers have come her way, Nysa is currently not interested in pursuing an acting career.

Despite the Devgan family’s firm stance on this matter, fans and industry insiders continue to speculate about Nysa’s possible entry into Bollywood. The buzz was further fueled earlier this year when acclaimed fashion designer Manish Malhotra posted a beautiful picture of Nysa in a lehenga on Instagram, captioned, “Nysa Cinema Awaits you.”

Kajol reacted to Manish’s post with heart emojis, and Nysa’s friend Orry commented, “Can’t wait for your debut @nysadevgan,” adding more fuel to the rumors about her potential debut.

For now, it seems Nysa Devgan is yet to make her decision about entering the film world, with her mother Kajol confirming there is no immediate plan for a Bollywood debut. Fans will have to wait and watch how her journey unfolds.
https://www.newsbytesapp.com/news/entertainment/karan-johar-wanted-to-launch-nysa-devgan-kajol-reveals/story

India likely to resolve tariffs issue with US within two months: CEA

Chief Economic Adviser (CEA) V Anantha Nageswaran expressed optimism on Thursday that a resolution to the tariff-related issues with the United States could be reached within the next eight to ten weeks, reported the PTI.

Speaking at an interactive session hosted by the Bharat Chamber of Commerce, Nageswaran said, “Underneath the surface, conversations are going on between the two governments. My hunch is that in the next eight to ten weeks, we will likely see a solution to the tariffs imposed by the US on Indian goods,” according to the PTI.

The United States had imposed an additional 25 per cent tariff on Indian goods from August in response to India’s purchase of Russian oil, bringing the total levy on certain products to 50 per cent. The CEA warned that if these tariffs remain in place, Indian exports to the US could decline.

Describing India as an aspirational lower-middle-income economy, Nageswaran highlighted that the real GDP growth for the first quarter of the current financial year stood at 7.8 per cent. He added that post-pandemic, India has outpaced many other economies in terms of recovery and growth, as per the PTI.

Nageswaran expects the manufacturing, services, and agriculture sectors to play a key role in driving economic progress over the next two years. Consumption and investment, he said, will continue to be the main pillars of growth.

He noted that India has a strong debt-to-GDP ratio, generating more GDP per US dollar of debt compared to many other countries — a sign of efficient capital utilisation. Additionally, rural demand remains resilient, while urban demand is improving.

The recent reduction in GST rates, he said, will result in more disposable income in the hands of consumers, potentially boosting urban consumption, the news agency reported.

The CEA also highlighted that credit to the MSME sector is on the rise, while lending to large industries is undergoing structural change. Resource mobilisation today is well supported by various financial channels.

India’s external sector remains solid despite global headwinds, with robust trade activity and healthy foreign exchange reserves. The current account deficit has eased to just 0.2 per cent of GDP in the first quarter of FY 2025-26.

Regarding the rupee, Nageswaran said, “The rupee is depreciating against the US dollar. But given the underlying strength of the economy, I believe the rupee is likely to stabilise and strengthen in the long term,” as per the PTI.

Outlining the government’s policy priorities, he stressed continued emphasis on capital expenditure, incentives for private investment, and systemic deregulation. Infrastructure development—particularly in ports and airports—has improved, ensuring that economic growth does not lead to overheating, he added.

Touching upon India’s trade with China, he noted that imports are largely composed of capital and intermediate goods. He urged the Indian private sector to increase investment in innovation and research and development (R&D).

On artificial intelligence (AI), Nageswaran remarked that its impact has been limited so far. He cautioned that entry-level coding jobs may be at risk, but overall employment effects are manageable—provided that workers upskill and adapt, the PTI reported.

(With PTI inputs)
https://www.mid-day.com/news/india-news/article/us-tariffs-on-india-india-likely-to-resolve-tariffs-issue-with-us-within-two-months-says-chief-economic-adviser-v-anantha-nageswaran-23594656

Kajol reveals if Karan Johar’s interested in launching Nysa Devgan

**Kajol Reveals If Karan Johar Is Interested in Launching Nysa Devgan**

*By Apoorva Rastogi | Sep 18, 2025, 04:42 PM*

Nysa Devgan, daughter of Bollywood actors Kajol and Ajay Devgn, has been the subject of much speculation regarding her entry into the film industry. Recently, in an interview with journalist Shubhankar Mishra, Kajol addressed the rumors surrounding her children’s potential Bollywood debuts.

When asked if Nysa had received any film offers, especially given Kajol’s close ties with prominent filmmakers like Karan Johar, Kajol revealed, “1-2 phone aaye hain. I don’t think she wants to be. But right now, there is zero percent chance.”

Despite the family’s clear position on the matter, fans and industry insiders continue to buzz with speculation about Nysa’s future in films.

Earlier this year, fashion designer Manish Malhotra added fuel to the rumors by posting a stunning picture of Nysa in a lehenga on Instagram. His caption, “Nysa Cinema Awaits you,” sparked widespread chatter about her possible Bollywood debut.

Kajol reacted to Manish’s post with heart emojis, while Nysa’s friend Orry commented, “Can’t wait for your debut @nysadevgan,” further intensifying the excitement among fans.

For now, however, it seems that Nysa Devgan is not planning to enter Bollywood anytime soon, much to the disappointment of eager followers.
https://www.newsbytesapp.com/news/entertainment/karan-johar-wanted-to-launch-nysa-devgan-kajol-reveals/story

China ends Google antitrust probe, shifts regulatory focus to NVIDIA

**China Ends Google Antitrust Probe, Shifts Regulatory Focus to NVIDIA**
*By Akash Pandey | Sep 18, 2025, 01:21 PM*

China has decided to end its antitrust investigation into tech giant Google, six months after it was launched, according to the Financial Times. This development comes amid escalating trade talks between Beijing and Washington, particularly concerning TikTok. It is important to note that Google has not yet been officially informed about the decision to terminate the probe.

### Details of the Probe into Google’s Android OS

The State Administration for Market Regulation (SAMR) of China decided to end the competition investigation against Google, a move referred to as “zhongzhi” in Chinese. The probe, launched in February, focused on Google’s dominance in the Android operating system market. Authorities scrutinized how this dominance affects Chinese smartphone manufacturers such as OPPO and Xiaomi, which heavily rely on Google’s software ecosystem.

### Strategic Shift in China’s Regulatory Focus

The termination of the investigation is seen as a positive gesture toward Washington, signaling Beijing’s willingness to negotiate in ongoing trade discussions. A source told the Financial Times, “Drop one case but seize the other. China is trying to narrow its retaliatory targets to make them more potent.”

Now, China’s regulatory attention has shifted to NVIDIA, the world’s most valuable chipmaker. This shift could serve as leverage in the broader context of US-China trade negotiations.

### TikTok: US Ban Extended by Three Months

Earlier this week, US President Donald Trump announced an agreement had been reached with China over the sale of TikTok. This announcement followed Treasury Secretary Scott Bessent’s confirmation of a “framework agreement” related to the app.

Despite the progress, Trump signed an executive order extending the ban on TikTok for an additional three months. This marks the fourth delay of the law intended to compel the sale of TikTok from its Chinese owner, extending regulatory uncertainty around the popular social media platform.

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China’s move to end the Google antitrust probe while focusing on NVIDIA highlights a tactical shift in its regulatory approach amidst sensitive US-China trade relations. The developments around TikTok remain closely watched as part of these ongoing geopolitical negotiations.
https://www.newsbytesapp.com/news/business/china-ends-probe-into-google-amid-trade-talks-with-us/story

Mark Zuckerberg fumbles Meta Ray-Ban Display showcase at Connect 2025 keynote

Meta Connect 2025 kicked off with an exciting keynote, where CEO Mark Zuckerberg unveiled the new translucent Meta Ray-Ban Display glasses through a live demonstration. While the glasses showed promising features, the demo encountered several hiccups, with multiple things going wrong during the presentation.

Zuckerberg introduced the Meta Ray-Ban Display glasses at the Meta Connect 2025 keynote. To his credit, he chose to perform a live demo rather than playing it safe with pre-recorded footage, but unfortunately, the attempt did not go as planned. During the showcase, Zuckerberg struggled to answer a video call, became flustered, and ultimately had to abandon that segment of the demo.

Despite these challenges, we still got a glimpse of some exciting features. The Meta Ray-Ban Display glasses include a Meta Neural Band, which allows users to navigate the display and write messages using hand movements. While dictation is supported, it was not part of the live demo.

Other notable specs include a translucent screen, an impressive 18 hours of battery life, water resistance, and two sets of transition lenses designed for indoor and outdoor use.

The Meta Ray-Ban Display glasses will be available starting September 30, 2025, priced at $799 USD.
https://www.shacknews.com/article/146002/meta-ray-ban-display-connect-2025