Ram Anand

  • Lee Kar Whatt, founder of Eco-Shop Marketing Bhd., attends the company’s listing ceremony at Bursa Malaysia in Kuala Lumpur, Malaysia, on Friday, May 23, 2025. Discount-chain Eco-Shop debuts in Malaysia on Friday in a listing that’s set to create a billionaire after the nation’s biggest initial public offering of the year. Photographer: Samsul Said/Bloomberg via Getty ImagesFinance

    Dollar store jumps on debut, minting a new Malaysian billionaire

    By Ram Anand and Bloomberg
  • A 99 Speed Mart Retail Holdings Bhd convenience store at night in Klang, Selangor, Malaysia, on Wednesday, Sept. 4, 2024. Shares of convenience-store chain 99 Speed Mart rallied more than 14% on their first day of trading after what was Malaysia’s biggest initial public offering in seven years. Photographer: Samsul Said/Bloomberg via Getty ImagesFinance

    A child polio survivor who founded a convenience store empire is Malaysia’s newest billionaire

    By Filipe Pacheco, Anders Melin, and others