QUANTEXA WINS GOOGLE CLOUD PARTNER AWARD FOR LINE OF BUSINESS PROCESSES

KUALA LUMPUR, Aug 30 (Bernama) -- Quantexa, a Decision Intelligence (DI) solutions leader for the public and private sectors, has won the 2023 Google Cloud’s Industry Solution Technology Partner of the Year award for Line of Business Processes.

According to Quantexa in a statement, the award comes after its Decision Intelligence Platform and solutions were made available on Google Cloud Marketplace in April this year.

Quantexa Chief Product Officer, Dan Higgins said this partnership is enabling information technology and infrastructure teams to be more agile and support line-of-business leaders working in an ever-evolving risk landscape.

“The recognition by Google Cloud further highlights our achievements in enabling organisations to leverage Decision Intelligence to master customer and risk management,” he said.

Meanwhile, Google Cloud Corporate Vice President, Global Ecosystem and Channels, Kevin Ichhpurani said: “We are delighted to recognise Quantexa as a 2023 Google Cloud Partner Award winner and look forward to a continued strong partnership in support of our mutual customers.”

Quantexa is recognised for the strength of its line of business solutions, in which its Line of Business Processes removes traditional manual data capture by connecting internal and external data and creating an accurate single view of customers.

Its advanced Line of Businesses processes capabilities were awarded in acknowledgement of the technologies ability to monitor Know Your Customer (KYC) profiles and automate the detection and prioritisation of real risk and opportunities.

Key capabilities included in Quantexa’s artificial intelligence (AI)-enabled KYC solution are onboarding, remediation, enhanced due diligence (EDD) and perpetual KYC (pKYC).

By deploying the solution, Google Cloud customers can focus their risk management efforts and facilitate trust with customers, leading to increased revenue generation.

Making the Quantexa Decision Intelligence Platform available via Google Cloud has given organisations in banking, insurance, telecommunications, and government agencies the ability to connect their data across siloed systems.

-- BERNAMA

 

Source: Juniper Research

BASINGSTOKE, England, Aug 29 (Bernama-BUSINESS WIRE) -- A new study from Juniper Research, the foremost experts in mobile roaming markets, has found losses from global roaming fraud are anticipated to exceed $8 billion by 2028; driven by the increase in bilateral roaming agreements for data-intensive use cases over 5G networks. In turn, it predicts fraudulent data traffic will account for 80% of global operator roaming-based losses by 2024. 
 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230828769909/en/ 

As 2G and 3G networks are sunsetting, operators are accelerating the transition to 5G and VoLTE roaming services to leverage the high levels of virtualisation and lower operational costs. However, the highly virtualised nature of 5G networks is creating more opportunities for fraudsters to deploy their attacks; leaving operator networks open to emerging fraud tactics over 5G networks.

The new report: Global Roaming Fraud Market 2023-2028, part of Juniper Research’s Roaming Market Intelligence Centre, offers the most reliable source of data for the market. Download a free sample.

5G Roaming Agreements Necessitate Novel Fraud Mitigation

As bilateral 5G roaming agreements proliferate, the research predicts operators will deploy more sophisticated fraud mitigation tools. The greater amount of data that 5G roaming connections generate will require the development of solutions that can detect fraudulent users and traffic over new 5G networks as they evolve. An example is the rise in 5G subscription fraud, whereby fraudsters create new subscriptions with false information; incurring roaming charges without intending to pay. Until the subscription is cancelled, fraudsters will continue anonymously using 5G roaming data, with operators losing potential roaming revenue. 

http://mrem.bernama.com/viewsm.php?idm=46852

APAC ICT Leaders Sign Joint Declaration To Collaborate In Digital Technology

Representatives of MSIT, ADI, SDEC, MODA, CISA, ASOCIO, OSTP and DEPA jointly launched the “Digital Asia Forum”. (Photo: Business Wire) 

KUALA LUMPUR, Aug 24 (Bernama) -- Leaders of information and communications technology (ICT) industry from Taiwan and six other countries in the Asia Pacific (APAC) region have signed the "Digital Asia Joint Declaration" to foster digital technology industry collaboration, at the Digital Asia Forum 2023.

Hosted by the Information Service Industry Association of ROC (CISA), the forum gathered top digital policy officials, information service and software industry leaders, and academic experts from 10 APAC countries, in Taiwan.

At the same time, Asian-Oceanian Computing Industry Organization (ASOCIO), an international organisation, also signed a "Sustainable Transformation" with Global Enabling Sustainability Initiative (GeSI), hoping to use digital technology to create a sustainable future.

CISA and ASOCIO Chairman, Brian Shen said Digital Asia Declaration indicated strong commitment of APAC countries to cooperate and develop together.

“ASOCIO not only helps Taiwan's ICT industry connect with the Asia Pacific business community, but also increases the visibility of Taiwan's manufacturers.

“How to leverage the resources of ASOCIO's industry, government, academia, research and information sectors will also be CISA's long-term goal,” said Shen in a statement.

CISA signed several cooperation agreements, including "Taiwan-Japan Digital Technology Strategy Cooperation" with NTT Data Taiwan Co Ltd and "Cybersecurity Cooperation" with Japan Network Security Association (JNSA).

The association also partnered with Singapore's digital technology certification agency (iTrain Asia Pte Ltd) and CrossBond International Brand Consultant to expand digital talents in Southeast Asia and match business opportunities for both sides.

The cooperation series signed by Digital Asia will strengthen international ties, positioning Taiwan as a key digital technology country in the APAC region.

-- BERNAMA

AI-MEDIA'S AI-POWERED LEXI CAPTIONING TOOL KIT RAISES THE BAR

BROOKLYN, N.Y., Aug 25 (Bernama-GLOBE NEWSWIRE) -- AI-Media, a leading provider of captioning technology and infrastructure, is proud to unveil its groundbreaking AI-Powered LEXI Captioning Tool Kit. This comprehensive collection of automated captioning solutions marks a new era in the industry, combining cutting-edge AI technologies to meet the integrated needs of content creators and distributors worldwide.

The AI-Powered LEXI Tool Kit addresses challenges faced by media companies, broadcasters, event producers, educational institutions, and other content producers in delivering cost-effective and accurate captions and subtitles for live and pre-recorded content that can be easily re-used in other customer applications.

"At AI-Media, we are committed to pushing the boundaries of captioning technology. Our LEXI Tool Kit is a result of years of research and development, and we are proud to offer a transformative solution that enhances the accessibility and inclusivity of media content," said James Ward, Chief Sales Officer at AI-Media.

The Tool Kit is comprised of six key solutions each designed to address different captioning needs, enabling the consumer to mix and match key components to suit their business requirements. The solutions are compatible with our encoder series via the iCap Cloud Network creating the ultimate captioning ecosystem. 

http://mrem.bernama.com/viewsm.php?idm=46831

1-year Celebration: St Kitts and Nevis Highlights Key Accomplishments

KUALA LUMPUR, Aug 24 (Bernama) -- The Prime Minister of St Kitts and Nevis, Dr Terrance Drew recounted the key achievements of the government during the St Kitts and Nevis’ Labour Party (SKNLP)’s one-year anniversary.

In a statement, Dr Drew outlined the party’s accomplishments in that period and shared his gratitude for the support the government received from local citizens as well as noted the country’s latest developments.

Among SKNLP administration’s critical achievements from August last year until now were the growth in the education sector, in which the government has significantly reduced student loan interest rates from nine per cent to five per cent at the Development Bank. Student loans received interest-free debt relief for the first time in a little over four years.

St Kitts and Nevis Ministry of Sports, under the leadership of Samal Duggins, has launched numerous initiatives such as transforming Lambert’s playing field to be used to attract more citizens to partake in sports activities on the field and restoration project in the Warner Park Cricket Stadium.

In addition, indigenous financial institutions in the country now provide zero down payment for mortgages, which makes it possible for homeowners to qualify to purchase their dream home on the twin island nation.

The first Citizenship by Investment (CBI) dividends were paid out to CBI investors in December 2022 and June this year, indicating that the St Kitts and Nevis CBI programme has shown strength in economic development.

Meanwhile, the government increased the number of different airlines to the destination with Caribbean Airlines, InterCaribbean Airlines and JetBlue Airlines to the country’s airlift as well along with the launch of “Venture Deeper” tourism brand campaign to diversify tourism initiatives.

It also improved its good governance by implementing changes to laws being passed to support and protect the country’s diverse communities which include a Domestic Violence Act to protect women, men and children who are exposed to and affected by domestic violence.

Dr Drew added that there are healthcare initiatives that pay emergency overseas medical care, providing essential healthcare to disadvantaged children.

Committed to building a stronger country and empowering its citizens, the Government of St Kitts and Nevis' vision is to evolve the country into a Sustainable Island State by focusing its governance on integrity, transparency and accountability.

-- BERNAMA

AIRASIA ACADEMY UNLOCKS AN ULTIMATE KOREAN ADVENTURE

Stand a chance to win a trip to Korea like no other through airasia academy's latest ODL series -- Essential Korean Series

Join Nura Ezzatie’s language odyssey and stand a chance to jet off to the Land of Morning Calm with airasia academy’s new language content series - Essential Korean Expressions

KUALA LUMPUR, Aug 25 (Bernama) -- airasia academy, Capital A’s edutech platform, has announced it is proudly presenting “Take Me to Korea”, an ode to mastering the Korean language with Nura Ezzatie, an esteemed K-community influencer and her captivating language content series – Essential Korean Expressions.

The Essential Korean Expressions series, consisting of four engaging episodes, made its first two episodes debut on 15 August to an overwhelming response from airasia academy’s On Demand Learning (ODL) subscribers who were eager to dive deeper into the world of K-culture. The program provides learners with a grasp of fundamental Korean expressions, from self-introductions to essential phrases commonly used while travelling in South Korea.

Featuring Nura Ezzatie, an esteemed K-community influencer cum a self-taught Korean speaker and a natural educator, she has charmed her audience on social media platforms like TikTok and Instagram with her creative and explosive content. Today, Nura is not only a Korean language teacher with a significant following of over 189,000 on TikTok but also a secondary school teacher in her native country of Malaysia. Her journey of language mastery reflects the spirit of continuous learning and growth, a value cherished and promoted by airasia academy.

Aireen Omar, President (Investment & Ventures) Capital A, and CEO of airasia academy said: “Language is a powerful tool that not only connects cultures but also opens up new opportunities and journeys. Nura Ezzatie's story is a testament to the potential that lies within each of us to learn and grow, and we are thrilled to have her on board for this exciting initiative. Our 'Take Me to Korea' campaign is a tribute to the power of education, dedication, and achievement, and we are happy about the timely launch exemplifies the spirit of Merdeka, celebrating unity in diversity. We are thankful to AirAsia X and IKHLAS, as well as Tune Protect for being on board this campaign, for without their immense support, this campaign would not be possible.”

Those wondering how to get started on the Korean adventure need to look no further. The first two thrilling episodes of Essential Korean Expressions are now available on airasiaacademy.com. Dive right in and learn the basics that will set you on the path to mastering Korean. The K-adventure doesn't stop there! The latter two episodes are set to drop in September, so stay tuned for even more language excitement.

Learn and Win* a trip to Korea through airasia academy!

As part of this immersive learning experience, airasia academy subscribers of Essential Korean Expressions ODL series will stand a chance to win a dream trip to Seoul or Busan, South Korea!

The prizes up for grabs include:
● A 2-person package to Seoul by IKHLAS Travel along with sponsored travel insurance by AirAsia Travel Insurance.
● 2 tickets to Seoul by AirAsia X coupled with sponsored travel insurance by AirAsia Travel Insurance.
● 2 tickets to Busan by AirAsia X along with sponsored travel insurance by AirAsia Travel Insurance.

Contest Period: 24 August - 8 September 2023

Here's how the subscribers can take their shot at winning big:

Step 1: Subscribe to airasia academy's On Demand Learning.
Step 2: Apply code ‘TAKEMETOKOREA’ at checkout.
Step 3: Watch 2 episodes of Essential Korean Expressions.
Step 4: Tune in to the Instagram LIVE session on 9 September and get ready to answer an easy question to stand a chance to win the ultimate prizes!

New subscribers who are interested in joining the adventure and ever ready to kick start their language odyssey may head on to airasiaacademy.com to learn more.

With an extensive network that connects Asean to the heart of South Korea – both Seoul and Busan – AirAsia X offers seamless connectivity to these dynamic cities, where tradition meets modernity. And speaking of adventures, IKHLAS Travel will get every travel vacation necessities covered, and for comprehensive medical coverage to safeguarding against flight delays and baggage damage, a world of benefits awaits with just a click with AirAsia Travel Insurance. Starting at a pocket-friendly RM14 per trip. Discover the beauty of the Hallyu motherland with all-in affordable flights and travel packages that lets you explore, savour, and indulge in the ultimate Korean experience.

*Terms and conditions apply

About airasia academy

airasia academy is the region’s fastest growing one-stop edutech platform that provides a comprehensive ecosystem to fulfil the education and employment needs of all learners, making them more competitive, marketable and adaptable for future industrial revolutions. Its offerings include affordable, accessible and inclusive On-Demand Learning (ODL), accredited Instructor-Led Training (ILT) for in-demand tech courses such as Digital Marketing, Cloud Infrastructure, Data Analytics, Software Engineering and Cybersecurity to the Learning Management System (LMS) which streamlines and elevates the learners journey as well as Job Placement service for its job-ready graduates.

Source: Capital A Berhad (formerly known as AirAsia Group Berhad)

FOR MORE INFORMATION, PLEASE CONTACT:
Name : Alya Zulaikha
Tel : +60 11 6295 4695
Email : nuralyazulaikha@airasia.com / communications@airasia.com

--BERNAMA

 

GIFTS, DEALS GALORE IN TAIPEI TOURISM PROMOTION AWAIT MALAYSIA, SINGAPORE TRAVELLERS

Singapore and Malaysia tourism enterprises cheerfully meet with those from Taipei. (Photo: Business Wire)

KUALA LUMPUR, Aug 25 (Bernama) -- The Department of Information and Tourism (DOIT), Taipei City Government is leading three post-COVID tourism promotion and industry-exchange activities in Singapore and Malaysia for five days ending Aug 25.

Commissioner Chen Shu-Hui has unveiled special “Taipei Travel Gift Bags”, “Singapore and Malaysia Tourist Exclusive Package”, and other special deals, aiming at attracting more visitors from Singapore and Malaysia.

“Taipei is just four to five hours from Singapore/Malaysia, and this campaign seeks to entice more travellers to Taipei where wonder-filled holidays are guaranteed,” said Chen.

For first-time Muslim travellers to Taiwan, DOIT recommends classic city attractions such as Taipei 101, the National Palace Museum and Liberty Square.

Meanwhile, for travellers of Chinese descent with a high revisit rate, emerging attractions such as the Taipei Music Center, Taipei Performing Arts Center and Rongjin Gorgeous Time are highly rewarding destinations.

According to a statement, the 12 participating enterprises in this campaign include iconic hotels, commercial districts, souvenir sellers, food and drinks, wedding salons as well as cultural-creative brands.

The department emphasised that an extensive array of captivating events will take place in Taipei City, especially the Taipei New Year’s Eve party on Dec 31, capped by the Taipei 101 fireworks show, and the 2024 Taipei Lantern Festival will be hitting the stage in February.

Furthermore, the Taipei City Government has a splendid preferential-deal programme running from Sept 1 to Dec 31.

Tourists can simply purchase a China Airlines ticket for travel from Singapore/Kuala Lumpur to Taipei and receive an exclusive limited-edition “Taipei Travel Gift Bag” containing local-transportation tickets, shopping district gift coupons and hotel stay vouchers.

-- BERNAMA

WASCO BERHAD'S STRONG 1H 2023 FINANCIAL RESULTS SHOWCASE RESILIENCE, GROWTH, AND FIRM ESG COMMITMENT

KUALA LUMPUR, Aug 24 (Bernama) -- Wasco Berhad (WASCOMK: 1542), a leading energy services company, proudly announces its robust financial performance for the first half of 2023, demonstrating unwavering resilience, dynamic growth, and steadfast commitment to Environmental, Social, and Governance (ESG) principles.

Key Financial Highlights:

1. Revenue Surge: Wasco Berhad achieved a remarkable 10.1% surge in revenue for the first half of 2023 compared to the same period last year. Total revenue reached a commendable RM1.3 billion, with the energy division contributing a significant 60% to the revenue stream.

2. Profitability Outpaces Consensus: The first half of 2023 saw a Net Profit of RM62.4 million, constituting an impressive 77.6% of the Full Year Analyst Consensus. Furthermore, PATMI increased by an astonishing 104% to RM45.8 million in comparison to the corresponding period last year.

3. Order Book Flourish: The Group's Order Book flourished with an impressive 10% uptick this quarter, culminating in a substantial RM3.9 billion worth of orders. The Energy Division, notably, secured new pipe coating projects, including the noteworthy Rosemari Marjoram project in offshore Sarawak.

4. Gearing Ratio Improvement: The gearing ratio continues to improve to 1.27 as compared to 1.36 at the end of last year. This lower gearing reflects a strengthening of the balance sheet, enhancing the company's financial stability.

ESG Commitment Shines:

Wasco Berhad's resolute commitment to ESG principles is a defining pillar of its corporate ethos. The Group embarked on significant initiatives to reduce its carbon footprint. Pioneering a cleaner energy future, Wasco Berhad adopted the Green Energy Tariff for its primary pipe coating operations in Malaysia and initiated the installation of solar panels to reduce its Scope 1 GHG emissions. During the period, the Group recorded 9,937 tCO2e of GHG emissions.

Championing diversity, equity, and inclusion, the Group is resolute in its mission to foster gender equality, having set clear targets to increase the composition of women in leadership positions. The Group also outlines its social impact projects that involve the local communities in where it operates, in alignment with United Nations Sustainability Development Goals.

Mr. Giancarlo Maccagno, MD/GCEO of Wasco Berhad, expressed his pride in the achievements and ESG dedication, stating, "We are immensely proud of the achievements recorded in the first half of 2023. These results, coupled with our dedication to ESG and our commitment to creating value for all stakeholders, underscore our holistic approach to business excellence."

Wasco Berhad remains committed to delivering value to all its shareholders, employees, partners, and the planet, and is well-positioned to capitalize on future growth opportunities.

About Wasco Berhad:

Wasco Berhad is a leader in energy services solutions known for its unwavering commitment to excellence, innovation, and ESG principles. Propelled by the dynamic pace of the energy sector and rising demand, the Company today continues to build upon its success to effectively meet the needs of both the energy as well as non-energy sectors as a globally integrated infrastructure group. Listed on the Main Market of Bursa Malaysia Securities Berhad, Wasco has established its footprint in 17 countries worldwide – a feat made possible as a result of its vast technical experience and proven track record. As a rising global player, Wasco is committed to achieving success in a holistic manner whereby its economic ambitions are balanced out with its societal and environmental obligations.

Forward-Looking Statements:

This press release includes forward-looking statements that capture the company's present expectations and projections regarding future events. These statements are not guarantees of future performance, and actual results may differ materially from those expressed or implied in this press release.

SOURCE: Glenreagh Sdn Bhd

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Ariesza Noor
Chief Strategy Officer
Email: ariesza.noor@wascoenergy.com

--BERNAMA

TECHCREATE ESTABLISHES DOMINANCE IN CYBERSECURITY MARKET THROUGH STRATEGIC PARTNERSHIPS AND ACHIEVEMENTS

Captions: (L-R)
TechCreate clinched the coveted Cyber Security Education Innovation of the Year awards.
YBhg. Datuk Mohamad Fauzi Bin Md Isa, Secretary-General, Minister of Communications and Digital
YB Fahmi Fadzil, Minister of Communications and Digital
Ronald Vong (蔡承桦), Group Chief Commercial Officer, TechCreate Solution Sdn Bhd
General Tan Sri Dato’ Sri (Dr.) Haji Zulkifeli Bin Mohd Zin (R), Chairman, CyberSecurity Malaysia
Dato’ Ts. Dr. Haji Amirudin Abdul Wahab, CEO, Cybersecurity Malaysia

KUALA LUMPUR, Aug 23 (Bernama) -- TechCreate, a trusted proprietary Payment and Managed Services Provider, solidifies its market position through a series of strategic partnerships and industry accolades.

Showcasing its solutions at Cyber Digital Services, Defence and Security Asia (CyberDSA) 2023, TechCreate Group CEO Lim Heng Hai said, “We have secured the exclusive vendor partnership with the prestigious Korea Advanced Information Security Solutions (KAISS) consortium with aims to deliver comprehensive Korean cybersecurity solutions to a global audience. This milestone highlights our industry presence and ability to form strategic alliances for our competitive advantage.” KAISS includes SecuLetter, NETAND, and Somansa, with more joining soon.

Responding to YB Fahmi Fadzil, Minister of Communications and Digital’s statement when launching CyberDSA 2023 that Malaysia is facing a shortfall of 12,000 cybersecurity experts, Ronald Vong, Group Chief Commercial Officer of TechCreate said, “We are proud to have been recognized as one of the most innovative cybersecurity educators heralding the ministry’s call to fill the cybersecurity knowledge workers gap.” TechCreate was presented the Cyber Security Education Innovation of the Year award by YB Fahmi Fadzil at the Malaysia Cyber Security Awards 2023 by CyberSecurity Malaysia. Last month, they won the Excellent Cybersecurity Solutions Provider and Excellent Bank Payment Gateway Provider awards.

“We are pleased to recognize TechCreate for their achievements in cybersecurity. The industry greatly benefits from the presence of outstanding enterprises like them, as they contribute to raising the standards within the sector," stated Dato’ Ts. Dr. Haji Amirudin Abdul Wahab, CEO of CyberSecurity Malaysia. He emphasized the increasing complexity of the cyber landscape as projected by the 2023 Global Cybersecurity Outlook. “It is of utmost importance for organizations to proactively address this complexity to establish a robust long-term cyber resilience framework and ensure uninterrupted business operations. As such, organizations should implement strategic cybersecurity measures to mitigate the impact of cyber-attacks, with a strong focus on response and recovery strategies.”

TechCreate’s influence extends to community contribution with the signing of a Memorandum of Understanding (MoU) with Universiti Tun Hussein Onn Malaysia (UTHM) for Academic, Research, and Development collaboration. Vice-Chancellor of UTHM, PROF. Ir. Ts. Dr. Ruzairi Abdul Rahim, said, “Together, we will nurture the next generation of cybersecurity experts while fostering an environment of shared learning and innovation. By bridging academia and industry, we aim to produce employment-ready graduates.”

For more information, please visit https://techcreate.my.

About TechCreate Solution Sdn Bhd

TechCreate is a trusted Payment and Managed Services Provider (MSP) that specializes in delivering practical solutions and dependable support to SMEs and financial institutions. Our expertise encompasses proprietary payment solutions, cybersecurity, API management and digitalization. This combination enables us to provide a well-rounded approach to addressing your specific needs. Our commitment to quality is evident through our strategic partnerships and network of experienced professionals. We offer comprehensive information security solutions and coverage to ensure the protection of your digital assets.

Count on TechCreate as your reliable collaborator, effortlessly weaving our services into your existing infrastructure to ensure uninterrupted operations, all while harnessing the latest technological advancements. Rely on TechCreate to expertly guide you through the intricacies of the digital era, equipping your business with state-of-the-art solutions and unmatched support.

Source : ArenaMedia PLT on behalf of TechCreate Solution Sdn Bhd

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Choy Su-Ling
Tel: +60122181696
Email: choysuling@arenamediacorp.com

--BERNAMA

PETRONAS BRINGS TOGETHER INDUSTRY PLAYERS AT OGSE PARTNERS DAY

KUALA LUMPUR, Aug 24 (Bernama) -- PETRONAS recently hosted the Oil and Gas, Services and Equipment (OGSE) Partners Day with the local vendors as a platform to collaborate and foster a resilient and sustainable OGSE ecosystem.
The one-day event saw over 1,000 key industry players and stakeholders exchanging ideas and exploring innovative solutions that would be able to further strengthen the Malaysian oil and gas industry and be ready for the global energy transition.

PETRONAS Vice President of Group Procurement, Freida Amat said, “The event is part of our commitment to strengthen Malaysia’s OGSE ecosystem for vendors to grow and become regionally and globally competitive players, while contributing to the nation’s economic growth.”

In his keynote address, Malaysian Oil, Gas and Energy Services Council (MOGSC) President Ts. Syed Saggaf Syed Ahmad encouraged industry associations to play a major role in sharing their expertise and knowledge for a collaborative industry.

He said, “A strong collaboration across industry is essential to sustain Malaysian oil and gas production target and ensure the industry ecosystem remain resilient and competitive that includes project delivery excellence, OGSE performance and integrated resources. “

At the event, 20 exhibition booths were set up by participating industry players such as government agency Malaysia Petroleum Resources Corporation (MPRC), Sustainable Energy Development Authority Malaysia (SEDA), Malaysian Green Technology and Climate Change Corporation (MGTC) and Peneraju Bumiputra (TERAJU) as well as by financial institutions namely Bank Islam, Bank Muamalat, UOB Malaysia, Maybank and RHB to assist vendors under PETRONAS’ Vendor Financing Programme.

PETRONAS continues to play its role in supporting the Government’s efforts to bolster the country's economic growth. The collective effort from industry stakeholders, financial institutions and government agencies will create a supportive ecosystem that attracts, trains, and retains skilled workers in the industry to ensure sustainable, long-term growth.

Click here for media kit:
https://drive.google.com/drive/folders/16V11mOL9EKQICmAubb8koUDRDpDVGKCw?usp=sharing

Issued by:
Media Communications
Group Strategic Relations & Communications
PETRONAS

SOURCE: PETRONAS

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Helmi Majid
Tel: 0142280877
Email: muhamadhelmi.abdmaj@petronas.com

--BERNAMA

B. BRAUN FOR THE CHILDREN CHARITY RUN RAISES RM215,000 FOR CHILDREN IN NEED

Mr. Lam Chee Hong with recipients of B. Braun Charity Run donations

The company’s annual signature event has donated over RM1 million to underprivileged children in Malaysia since its inception in 2018

BAYAN LEPAS, Penang, Aug 22 (Bernama) -- B. Braun Medical Industries Sdn. Bhd. (BMI) recently presented a donation totalling RM215,000 to four charity homes – The Children’s Protection Society Penang, Pertubuhan Rumah Kebajikan Seri Cahaya Penang, Persatuan Kebajikan HOPE Worldwide Malaysia, and Persatuan Kebajikan Suara Kanak-Kanak Malaysia (SUKA).

The funds were raised through the company’s annual charity run event with its employees, which aims to provide support for disadvantaged children and adolescents, addressing their specific needs, ranging from healthcare, education and social well-being.

Mr. Lam Chee Hong, President, B. Braun Asia Pacific said, “From the very inception of this charity run, our goal was clear: to make a tangible difference in the lives of underprivileged children – to offer them hope and to provide them with the opportunities they might not receive otherwise. Children are the foundation of our future, and every child deserves a safe, healthy, and happy life. We believe that by investing in their well-being today, we are nurturing the potential leaders and contributors of tomorrow.”

Mr. Lam presented the mock cheques to this year’s charity recipients during an appreciation ceremony held at the company’s premises in Bayan Lepas. On hand to receive the mock cheques from Mr. Lam were Ms. Magdeline Leong, Honorary Secretary of The Children’s Protection Society; Ms. June Kow, Senior Programme Manager of Persatuan Kebajikan HOPE Worldwide Malaysia; Mr. Girithren A/L Veerasingam, President of Pertubuhan Rumah Kebajikan Seri Cahaya Penang; and Ms. Sonia Ann Thomas, Executive, Persatuan Kebajikan Suara Kanak-Kanak Malaysia (SUKA).

Also present were Ms. Eva Maegerlein, Senior Vice President, Finance, Controlling and IT, B. Braun Asia Pacific; Ms. P’ng Yi Ting, Resource Coordinator, Persatuan Kebajikan Suara Kanak-Kanak Malaysia (SUKA); and Ms. Bunidha A/P Chandrakesan, Caretaker, Pertubuhan Rumah Kebajikan Seri Cahaya Penang, as well as winners of the B. Braun Charity Run 2023.

“As one of the world’s leading medical technology companies, B. Braun is committed to protecting and improving the health of people around the world. We are pleased our employees are able to come together as one B. Braun family and help make a difference for these children,” Mr. Lam added.

This year close to 500 BMI employees took part in the charity run, which was held in-house at the company’s Sports Facilities, which includes a professional-grade running track and two futsal courts, at its manufacturing plant in Bayan Lepas. This is the fifth instalment of the B. Braun Charity Run, which has been held annually since its inception in 2018 and has raised a total amount of RM1,261,540. Organisations which have previously benefited from the funds include Mount Miriam Cancer Hospital, Limbs for Life Prostheses Centre, Malaysian Lysosomal Diseases Association, St. Nicholas’ Home for the Visually Impaired and Fund a Child Surgery.

SOURCE: B. Braun Medical Industries Sdn. Bhd.

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Puan Juanita Johari
Tel: 012 377 4450
Email: juanita.johari@bbraun.com

--BERNAMA

 

LABUAN IBFC INC. AND LIIA TO CO-ORGANISE THE ASIAN CAPTIVE CONFERENCE 2023

KUALA LUMPUR, Aug 22 (Bernama) -- Labuan IBFC Incorporated Sdn Bhd (Labuan IBFC Inc.) will co-host the ASIAN CAPTIVE CONFERENCE (ACC) 2023 with Labuan International Insurance Association (LIIA) on 7 September 2023 at the Sime Darby Convention Centre in Kuala Lumpur, Malaysia. Themed The Connected Risk Journey in Self-Insurance, this in-person conference aims to help professionals navigate their risk journey at critical touchpoints in the ever-shifting risk landscape.
This conference will provide a platform for stakeholders across all segments in the global captive market. Datuk Iskandar Mohd Nuli, Executive Chairman cum CEO of Labuan IBFC Inc. will deliver the welcome address while En. Nik Mohamed Din Nik Musa, Director General of Labuan Financial Services Authority (Labuan FSA) will officiate the ceremony.

As at December 2022, the Labuan captive industry recorded total gross premiums of USD570.9 million, with the market expanding at an average rate of 10.7% per annum. More than 62% of the premiums were generated from the international insurance business. The industry also registered 67 captives as at end-2022, which include the subsidiaries of established global companies.

These achievements highlight Labuan IBFC’s prominence as a leading captive hub. As such, Labuan IBFC and LIIA felt it was of utmost importance to host the ACC 2023 to mark the accomplishments and to further advance captive space through the robust exchange of ideas and opinions, as well as the sharing of challenges, rewards and trends between segments and individuals operating in this space.

ACC 2023 will kick off with a presentation on the business and strategic risks present in self-insurance, and the mitigating measures. The second item on the agenda will be a panel discussion on the impact of IFRS 17 on the captive industry, in terms of scope and applicability, measurement and recognition, financial statements presentation, transition and finally implementation.

This will be followed by a dialogue outlining how the risks in self-insurance are interlinked, and on the usage of captives to manage digital risks as well as emerging risks in cyber and employee benefits.

ACC 2023 will then continue post lunch with a briefing on the newly revised Labuan IBFC captive guidelines by Labuan Financial Services Authority. Subsequently, the programme will move to two break-out sessions in the afternoon, Captive 101 and Advanced Captive which will be conducted simultaneously to cater separately to both new and experienced captive practitioners.

The conference will close with a panel that will examine captives’ ability to reduce risks under the ESG umbrella, and the role of parametric insurance in facilitating this process.

Principal RE Limited and Sterling Insurance Brokers Sdn Bhd are the joint platinum sponsors for the ACC 2023, while AXA XL is the gold sponsor. The list of sponsors, supporting and media partners as well as other information can be accessed here.

Contact the event committee at +603 2773 8977 or email events@libfc.com to register.

SOURCE: Labuan International Business and Financial Centre Incorporated Sdn Bhd

FOR MORE INFORMATION, PLEASE CONTACT:
Labuan IBFC
Name: Nadia Shariff
Tel: +6019-272 2791
Email: nadiashariff@libfc.com

Name: Lalitha Sivanesan
Tel: +6012-314 1194
Email: lalitha@libfc.com

--BERNAMA

TINY VILLAGE YUCUN BEWILDERS TOURISTS WORLDWIDE WITH ECOLOGICAL CIVILISATION

Aerial view of Yucun (Photo: Business Wire)

KUALA LUMPUR, Aug 21 (Bernama) -- Anji Yucun belonging to Huzhou City, Zhejiang Province has pursued sustainable development featuring ecological beauty, industrial prosperity and richness over the 10 years, being a valuable example for construction of China’s ecological civilisation.

Yucun combines eco-agriculture with tourism, transforms abandoned mines and cement plants into tourist areas, superposes bamboo, white tea and tourism to create characteristic agricultural products, and turns farms into characteristic farmhouses and homestays.

Located in the remaining vein of Tianmu Mountain with an area of 4.86 square kilometres, Yucun was the first village selected as the "Best Tourism Village" by the United Nations World Tourism Organization, having received 700,000 tourists in 2022.

According to the National Forestry and Grassland Administration in a statement, as the birthplace for "Lucid waters and lush mountains are invaluable assets", Yucun is famous though it is small.

Yucun founded China’s first "zero-carbon village" as the trendy building "Yucun Impression" transformed from a chemical plant was completed. Being a veritable zero-carbon building, it relies on renewable energy photovoltaic power generation system for carbon offset.

In addition, ecological priority and green development are reshaping people's production and life, in which "Yucun Global Partner Program" was launched in July 2022, inviting global talents to jointly build Yucun and broaden green development.

Broadening the transformation channel from "lucid waters and lush mountains" to "invaluable assets", Yucun collaborates with 24 administrative villages in three surrounding towns for construction of "Great Yucun".

With the right green development road, Yucun has a collective economic income of 13.05 million Chinese yuan in 2022, with a per capita net income of 64,000 Chinese yuan, and over eight million Chinese yuan of operational income. (100 Chinese yuan = RM63.86)

-- BERNAMA

AGILA SUBIC WELCOMES SUBCOM TO MULTI-USE SHIPYARD IN SUBIC BAY

Subsea Cable Leader to Open New Forward Deployment Center

SUBIC BAY, Philippines, Aug 17 (Bernama-BUSINESS WIRE) -- Agila Subic Compass (“Agila Subic”) today announced that SubCom, a global leader in subsea fiber optic cables, has entered into a multi-year lease at the Subic Bay shipyard for its new forward deployment center.

SubCom’s new facility at the shipyard will support its worldwide operations and serve as a logistical staging area for subsea cable projects. The expansion will enable the company to better serve its global customers and increase the operational efficiency of its cable ship fleet.

This new partnership is aligned with Agila Subic’s long-term commitment to the revitalization of the shipyard into a multi-use facility. Since 2022, the Subic Bay shipyard has undergone significant improvements through capital investments and operational enhancements. The addition of SubCom expands the shipyard’s base of high-quality tenants across various industries, now including digital infrastructure. Agila Subic’s tenants help to promote economic activity, drive job generation in the Subic Bay region, and support the local ecosystem in their respective sectors.

“We are thrilled to welcome another world-class tenant to our facility,” commented Mark Millan, General Manager of Agila Subic. “This partnership with SubCom adds a global leader in the digital infrastructure sector to our strong tenant base. SubCom’s subsea fiber optic network business will bring specialized knowledge and technology to the region, along with various other benefits. We are proud to be part of the Subic Bay community and support in driving economic activity locally.”

Chris Carobene, Vice President of Marine & Network Construction at SubCom, added: “The establishment of this new forward deployment center in the Philippines is an exciting initiative for SubCom. The strategic expansion will enhance our global operational capabilities as well as strengthen our responsiveness to our customers’ needs.”

About Agila Subic

Located in Subic Bay, Philippines, the shipyard is a multi-use facility that supports shipbuilding, telecommunications, warehousing, and logistics. Operated by Agila Subic Compass, the shipyard partners with global organizations across diverse sectors and promotes exports, economic activity, investment, and job creation in Subic Bay and surrounding region. Visit us at: www.agilasubic.com. 

http://mrem.bernama.com/viewsm.php?idm=46789

TVS Motor Company, BMW Motorrad Mark A Decade Of Strategic Partnership

KUALA LUMPUR, Aug 17 (Bernama) -- TVS Motor Company and BMW Motorrad celebrate 10 glorious years of their long and strategic partnership, which is hailed as an exemplary alliance in the two-wheeler industry.

Spanning over product development, design, technology, knowledge sharing and developing common platforms for both global customers, the strategic partnership between the companies have achieved a series of milestones globally.

“TVS Motor’s decade long relationship with BMW Motorrad is a testament of our common values on innovation, quality, customer delight, engineering prowess, and focus on delivering globally aspirational products.

“We look forward to working closely on developing platforms targeted towards the global urban centric markets and the uber-cool next generation of consumers,” said TVS Motor Company, Director & Chief Executive Officer, KN Radhakrishnan in a statement.

Meanwhile, Head of BMW Motorrad, Dr Markus Schramm said: “The extension and expansion of this partnership towards future technologies and sustainable mobility solutions including the unique and fully electric masterpiece BMW CE 02 is therefore a consistent step to also shape the future together with TVS Motor Company.”

In April 2013, TVS Motor and BMW Motorrad signed a long-term strategic partnership to manufacture sub-500cc motorcycles for global markets, in which the collaboration has resulted in the development of four products on the 310cc platform.

With over 140,000 customers, the motorcycles under this partnership are well accepted across leading markets including the European Union (EU), the United States (US), Latin America, Japan, China and India.

The success of this cooperation has been the steppingstone for extending and expanding the partnership by the two companies in December 2021. In line with this, TVS Motor and BMW Motorrad are jointly developing new platforms and future technologies, including electric vehicles.

Furthermore, as part of this extended association, TVS Motor’s scope includes the design and development of future BMW Motorrad products, delivering world-class quality, supply chain management and industrialisation.

-- BERNAMA

LANTRONIX UNVEILS 2023 SMARTEDGE CHANNEL PARTNER PROGRAM AWARD WINNERS

KUALA LUMPUR, Aug 17 (Bernama) -- Lantronix Inc, a global provider of secure turnkey solutions has announced the winners of its SmartEdge Partner Program Awards, highlighting its best channel partners of 2023.

“This year’s SmartEdge Partner Program winners have exceeded our programme requirements and expectations in driving sales and building long-term relationships with our mutual customers.

“We applaud their efforts and look forward to our continued mutual success,” said Lantronix Vice President of Worldwide Sales, Roger Holliday in a statement.

Winners were recognised in three regions, namely North America; Asia Pacific (APAC); and Europe, Middle East and Africa (EMEA), in which awards were given for Partner of the Year; Newcomer; Innovation; and Software/Service.

The winners for North America are Securitas (SmartEdge Partner of the Year); CPV Micro (CALA VAR) (SmartEdge Newcomer); and Industrial Networking Solutions (SmartEdge Innovation).

Meanwhile, APAC winners are Acromax Inc (SmartEdge Partner of the Year); Beijing Botoo Zhilian (SmartEdge Newcomer); Videotechnica (SmartEdge Innovation); and Sheeltron Digital Systems Pvt Ltd (SmartEdge Software/Service).

For EMEA, winners are Atlantik Elektronik (SmartEdge Partner of the Year); Wesco Anixter (SmartEdge Newcomer); and Data Equipment (SmartEdge Innovation).

Lantronix’s SmartEdge Partner Program was designed to help Value-Added Resellers and Systems Integrators drive revenues by differentiating their offerings with its innovative Industrial Internet of Things, Remote Environment Management, Out-of-Band Management and Mobility/Connectivity solutions.

-- BERNAMA

Evident Commits To Deliver World-class Solutions With New CEO, COO Appointments

KUALA LUMPUR, Aug 15 (Bernama) -- Evident Corporation (Evident) has appointed William Wesley “Wes” Pringle as Chief Executive Officer (CEO) and Hiroyuki Yoshimoto as President and Chief Operating Officer (COO).

Effective immediately, Pringle takes over from Evident’s interim CEO Eric Anderson, according to the company in a statement.

With an impressive 30-year career driving growth and business transformation across a variety of industries, Pringle ran several companies for Danaher including Fluke Corporation (a global test and measurement leader), which he led for almost 10 years, prior to joining Evident.

“I am honoured to join Evident and help lead this 100-year-old business through a new phase of growth. By unleashing the passion and talents of this organisation, I believe we can deliver exceptional growth and market changing innovations for our customers,” said Pringle.

Meanwhile, an experienced leader with a proven track record of leading global companies headquartered in Japan and the United States, Yoshimoto had several senior leadership roles at global manufacturing companies such as Nissan Motor Corporation Group, prior to joining Evident.

Yoshimoto said: “By working as one team, I am convinced that Evident can create sustainable growth while continuing its mission of pioneering innovations that make society healthier and safer.

“Our commitment to ensuring customer satisfaction, along with fostering strong relationships with business partners and stakeholders will be the cornerstone of our progress.”

With this new leadership team, Evident will realise its next chapter by further strengthening its commitment to delivering world-class solutions to its customers.

-- BERNAMA

DR. ERIK LINDQUIST'S VISIT TO MCKL

(L-R) Mr. Gopala Sundaram, Chairman of MCKL Board of Governors; Ms. Khor Kheng Leik, Academic Director for Pre-U and Transfer Programs; Dr. Yong Ding Li, Asia Advocacy and Policy Manager of Birdlife International Asia; Prof. Dr. Erik Lindquist, Fulbright Scholar; Dr. Chua Ping Yong, CEO of MCKL; Mrs. Erik Lindquist and Mr. Ng Di Lin, ADTP Lecturer alongside students and lecturers during the Fulbright Scholar Forum

KUALA LUMPUR, Aug 17 (Bernama) -- Methodist College Kuala Lumpur (MCKL) welcomed Dr. Erik Lindquist, a distinguished Fulbright Program representative and Professor of Biology and Environmental Science from Messiah University, USA. With a lifelong passion for the natural world, Dr. Lindquist’s visit was an opportunity to MCKL to glean insights from his extensive experience. Dr. Lindquist’s early fascination with ecosystems led him to a career in Environmental Science, highlighted by his notable work with endangered amphibians. His expertise was showcased in an interview with Sir David Attenborough on BBC’s ‘Life in Cold Blood’.
During his six-week stay in Malaysia, Dr. Lindquist conducted lectures, workshops, forum, and training sessions. Renowned for his innovative teaching methods, he emphasized creating active learning environments that engage all senses to foster a deeper understanding of Environmental Sciences.

A Fulbright Scholar Forum was held on 17 June 2023 at MCKL and Dr. Lindquist addressed the decline of amphibians, specifically the critically endangered harlequin toads. His insights into the 25-year crisis emphasized the urgency of conservation efforts to maintain ecosystem balance. The forum also featured Dr. Yong Ding Li, an expert on biodiversity and species conservation, discussing migratory birds and wetlands in Southeast Asia.

Empowering the MCKL Community, Dr. Lindquist’s unique teaching approach prioritizes experiential learning. He engaged with MCKL students during a field trip to Taman Alam, Selangor, sharing his experiences, and collaborating with fellow educator Mr. Ng Di Lin. These experiences deepened students’ ecological understanding and appreciation.

At Wesley Methodist School Kuala Lumpur (International), Dr. Lindquist’s talk sparked students’ curiosity for biology and Environmental Science. He encouraged networking, collaboration with experts, and staying updated with technological advancements to drive future opportunities.

His visit left a lasting impact, inspiring a renewed commitment to ecological conservation. As the MCKL community and beyond absorb his wisdom, they are driven to protect Mother Earth’s biodiversity for generations to come.

Explore Your Passion with MCKL

The American Degree Transfer Program (ADTP) by MCKL offers flexible credit transfer program that provides a smooth pathway to transition to their U.S. Universities of choice. Students are given the opportunity to explore a wide range of courses from oral communication and writing, quantitative skills, natural sciences, literature and arts, humanities, computer science and engineering.

MCKL offers three intakes per year for ADTP (January, May, and August). MCKL together with its partner universities - Messiah University, University of Wisconsin-Eau Claire, and Virginia Wesleyan University offers exclusive scholarships and financial aid for well-deserving students.

For more information, visit https://mckl.edu.my/programme/american-degree-transfer-program/ , or call +603-2274 1851 or +603-2300 0998.

Source: Methodist College Kuala Lumpur (MCKL)

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Monisha Sri
Public Relations and Communications
Tel: 03 2274 1851 Ext 165
Email: monisha.sk@mckl.edu.my

--BERNAMA

GRADIANT ESTABLISHES INDEPENDENT END-TO-END DIGITAL SOLUTIONS PROVIDER FOR WATER INDUSTRY

 

Turing will concentrate on utilizing its AI-powered platform (which includes SmartOps for treatment plants and HydroEye for distribution networks) to deliver transformative value and improved operational efficiency for clients. (Graphic: Business Wire)

KUALA LUMPUR, Aug 16 (Bernama) -- Gradiant, a global solutions provider for advanced water and wastewater treatment, has established its digital and artificial intelligence (AI) technology business into a wholly owned independent subsidiary, named Turing.

Named after AI pioneer Alan Turing, this new entity aims to drive substantial cost savings and sustainability outcomes across the entire water value chain, according to Gradiant in a statement.

The launch of Turing underlines a market shift towards AI-driven solutions in the water industry and Gradiant's commitment to accelerating this transition.

“Both Gradiant and Turing will have the power to grow by managing their resources separately to develop and deploy leading-edge technologies into their respective markets.

“With this move, we are further uniquely positioned to meet the dynamic needs of our customers,” said Gradiant Chief Executive Officer, Anurag Bajpayee.

Turing will concentrate on utilising its AI-powered platform, which includes SmartOps for treatment plants and HydroEye for distribution networks, to deliver transformative value and improved operational efficiency for clients.

Turing's platform has already achieved significant adoption by customers which include Fortune 100 companies and large public utilities, by delivering solutions to Aqualia, BHP, ENGIE, PUB Singapore, Rio Tinto, Severn Trent, Detectronic and Xylem.

It helped PUB Singapore remotely monitor its wastewater network; created savings of hundreds of thousands of dollars at an ENGIE plant in the Middle East; and resulted in more than 10 per cent energy savings for a seawater desalination project in Australia.

This announcement follows recent news related to Gradiant’s digital technology business of the strategic partnerships of Synauta for proprietary machine learning AI algorithms and SpaceAge Labs for expertise in water distribution networks and assets.
-- BERNAMA

Winners Recognised In 20th Annual International Business Awards - Stevie Awards

KUALA LUMPUR, Aug 15 (Bernama) -- The Stevie Awards has announced winners in the 20th Annual International Business Awards (IBAs), the world's only international, all-encompassing business awards programme.

According to a statement, high-achieving organisations and executives worldwide have been recognised as Gold, Silver and Bronze Stevie Award winners, which were selected from more than 3,700 nominations submitted by organisations in 61 nations.

More than 230 executives worldwide participated on 11 juries to determine the Stevie winners with IBM of the United States emerged as the top winner of Gold, Silver and Bronze Stevie Awards with 21 in total.

Other winners of multiple Stevie Awards include Halkbank, Turkey (20); Viettel Group, Vietnam (17); Telkom Indonesia, Indonesia (17); Ayala Land Inc, the Philippines (16); DHL Express, worldwide (14); and A.S. Watson Group, Hong Kong (12).

Halkbank, pioneering the development of the Turkish banking sector for 83 years, has won eight Gold Stevie Awards, more than any other organisation.

Also won multiple Stevie Awards include Tata Consultancy Services, worldwide (11); LLYC, Spain (10); OPET, Turkey (10); Uniomedia Communications, Hungary (9); AD Ports Group, United Arab Emirates (8); FPT Software, Vietnam (8); and Maersk, Canada (7).

All organisations worldwide are eligible to compete in the IBAs, and may submit nominations in a wide range of categories for achievement in management, marketing, public relations, customer service and human resources, among others.

The awards will be presented during a gala event in Rome, Italy on Oct 13, 2023.

-- BERNAMA

US STEEL REAFFIRMS INVITATION FOR CLEVELAND-CLIFFS TO JOIN STRATEGIC REVIEW

KUALA LUMPUR, Aug 14 (Bernama) -- United States Steel Corporation (US Steel) confirmed that it has invited Cleveland-Cliffs Inc (Cleveland-Cliffs) to participate in its previously announced strategic review process.

Previously, US Steel disclosed it has commenced a formal review process, with the assistance of outside financial and legal advisors.

This is to evaluate strategic alternatives for the company after receiving multiple unsolicited proposals that ranged from the acquisition of certain production assets to consideration for the whole company.

According to a statement, US Steel had received an unsolicited cash and stock proposal from Cleveland-Cliffs to acquire all of its outstanding shares.

In a letter to Cleveland-Cliffs dated on Aug 13, US Steel said it was unable to properly evaluate the proposal because Cleveland-Cliffs refused to engage in the necessary and customary process to assess valuation and certainty unless US Steel agreed to the economic terms of the proposal in advance.

US Steel President & Chief Executive Officer, David Burritt said the company’s Board cannot determine whether Cleveland-Cliffs' unsolicited proposal properly reflected the full and fair value of the company, but has no choice to reject the unreasonable proposal.

“The Board remains committed to maximising value for stockholders, and to that end has decided to initiate a formal review process to evaluate strategic alternatives,” he added.

US Steel has hired Barclays Capital Inc and Goldman Sachs & Co LLC as its financial advisors, with Milbank LLP and Wachtell, Lipton, Rosen & Katz acting as its legal advisors.

-- BERNAMA

HYCU Named A Visionary In 2023 Gartner Magic Quadrant

KUALA LUMPUR, Aug 10 (Bernama) -- HYCU Inc, the fastest-growing multi-cloud data protection as a service company, has been named a Visionary in this year’s Gartner Magic Quadrant for Enterprise Backup and Recovery Software Solutions, for the second consecutive year.

According to HYCU in a statement, the past year was highlighted by several key innovations from the company including the introduction of R-Cloud; R-Graph; and multi-cloud support.

“We are excited and proud to be named a Visionary in this report for the second year in a row. It is a significant milestone that we feel recognises the critical importance and growing challenges of SaaS backup, and validates the need for R-Cloud.

“Moreover, it once again validates HYCU’s role as an innovator singularly focused on helping our customers and partners overcome the challenges that the rise of ransomware has elicited as well as the growing use of multi-clouds throughout the digital estate,” said its Founder and Chief Executive Officer, Simon Taylor.

HYCU is also recognised for other new capabilities including the availability of a free tier of HYCU for Amazon Web Services (AWS) users; support for Azure Government users; impact-free, agentless file share backup; and support for Edge and ROBO workloads.

HYCU simplifies on-premises and multi-cloud data protection for thousands of customers worldwide including several among the FORTUNE 500.

Companies continue to face challenges to better protect, manage and recover mission critical data, and this has been compounded by the rise in ransomware attacks, with new attacks noted by Cybersecurity Ventures occurring at a rate of every 11 seconds.

To address these challenges, HYCU continues to evolve its award-winning platform to ease and administer the protection and recovery of workloads across the most widely deployed applications, databases and Software as a Service (SaaS) services.

-- BERNAMA

CERTIK RECOGNISED IN APPLE’S LATEST IOS SECURITY UPDATE

KUALA LUMPUR, Aug 10 (Bernama) -- CertiK, the global leader in blockchain cybersecurity and code auditing, is acknowledged in the release notes in Apple's latest operating system (OS) updates.

According to a statement, CertiK’s contributions are related to two security vulnerabilities in the Apple’s iOS kernel and these vulnerabilities were confirmed to affect the latest iOS devices.

As Web3 applications become mainstream, the security of the mobile devices users use to access them becomes crucial.

Previously studied the security of mobile wallets and has investigated different levels of security protection in mobile devices, CertiK is proud to help Apple enhance its system’s security.

As more people around the world use their smartphones for cryptocurrency wallets and other security-conscious applications, it is essential that the devices themselves are protected.

This latest discovery once again emphasises the value of CertiK’s dedicated in depth security research and products, and proactive threat identification efforts.

CertiK's proactive identification and reporting of these vulnerabilities underscore the vital importance of comprehensive, multi-layered security, from the application layer down to the kernel layer.

Founded in 2018, CertiK’s mission is to secure the web3 world and it applies cutting-edge innovations from academia to enterprise, enabling mission-critical applications to scale with safety and correctness.

-- BERNAMA

KIOXIA INTRODUCES NEW PCIE®C 5.0 SSDS FOR ENTERPRISE AND DATA CENTER INFRASTRUCTURES

 

PCIe(R) 5.0 SSDs for Enterprise and Data Center Infrastructures: KIOXIA CD8P Series (Photo: Business Wire) 

New KIOXIA CD8P Series Data Center NVMe™ Drives Optimized for Performance, Latency and Quality of Service in E3.S and 2.5-inch (U.2) Form Factors

TOKYO, Aug 8 (Bernama-BUSINESS WIRE) -- Kioxia Corporation, a world leader in memory solutions, today announced the addition of the KIOXIA CD8P Series to its lineup of data center-class solid state drives (SSDs). The KIOXIA CD8P Series is well-suited to general purpose server and cloud environments that can take advantage of PCIe^® 5.0 (32GT/s x4) performance. These data center applications can generate complex mixed workloads spread across large scale virtualized systems in 24x7 operational data centers. The new drives are available in capacities up to 30.72 terabytes (TB) ^[1] and in both Enterprise and Datacenter Standard Form Factor (EDSFF) E3.S and 2.5-inch (U.2) form factors.
 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230807431940/en/  

Optimized for the performance, latency, reduced power and thermal requirements of data center environments where power and cooling efficiency is critical, the KIOXIA CD8P Series provides the predictability and consistency needed for a seamless user experience.

The KIOXIA CD8P Series realizes approximately 60% to 80% increase in sequential read performance when compared to previous generation PCIe 4.0 SSDs, including:
• Random read^[2] performance up to 2,000K IOPS^[3] and random write^[2] performance up to 400K IOPS
• Low and consistent 99.999^th percentile latency of under 250us in standard random read workloads^[4], and under 1.8ms in standard OLTP-style mixed workloads^[5]
• Single-port design, optimized for data center class workloads

The new data center drives are based on the KIOXIA BiCS FLASH™ generation 5, 3D flash memory triple-level cell (TLC) technology, and utilize an in-house developed controller. KIOXIA CD8P Series SSDs are compliant with PCIe 5.0 and NVMe™ 2.0 specifications as well as the NVM Express™ Management Interface (NVMe-MI™) v1.1d, and support Open Compute Project (OCP) Datacenter NVMe SSD specifications (not all requirements). 

Additional features and benefits include:
• Full data reliability with end-to-end data protection, power loss protection and flash die failure recovery
• Security options: Non-SED, SIE and SED (TCG Opal and Ruby SSCs) ^[6]

KIOXIA CD8P Series drives are now sampling to select customers.

Related Link:
KIOXIA CD8P Series Product Information

https://www.kioxia.com/en-jp/business/ssd/data-center-ssd.html#cd-series

http://mrem.bernama.com/viewsm.php?idm=46741

INGREDION RECORDS STRONG 2ND QUARTER RESULTS, RAISES FULL-YEAR OUTLOOK

KUALA LUMPUR, Aug 9 (Bernama) -- Ingredion Incorporated, a global provider of ingredient solutions to the food and beverage manufacturing industry, has announced results for the second quarter of 2023 with reported and adjusted operating income grew 18 per cent and 17 per cent, respectively, compared to previous year.

According to Ingredion in a statement, the increase was driven by favourable price mix, partially offset by higher raw material and input costs and lower volumes.

Its reported and adjusted diluted earnings per share (adjusted EPS) for the same period, were US$2.42 and US$2.32, an increase of 14 per cent and nine per cent, respectively. (US$1=RM4.58)

In addition, the company raises its full year adjusted EPS outlook to be in the range of US$8.80-US$9.40, up from US$8.70-US$9.40.

“Once again, our teams demonstrated an ability to adapt to shifting market dynamics while continuing to drive strong profit growth. The team’s nimbleness to adjust our production to anticipated shifts in customer demand led to robust profit growth and greater cash from operations.

“Our performance this quarter further demonstrated the value of our diversified ingredients portfolio where North America’s strength in core ingredients and EMEA’s strength in specialties led to record second quarter net sales,” said Ingredion president and chief executive officer, Jim Zallie.

Zallie added that net sales growth of specialty ingredients was driven by price and customer mix, which overall, led total net sales growth for the company, reflecting ongoing demand for healthy and natural ingredients, such as solutions to enable sugar reduction.

“Our updated full-year outlook reflects our confidence to continue to deliver profitable growth this year and execute on our Driving Growth Roadmap, creating long-term value for shareholders,” he concluded.

Among financial highlights were total debt and cash, including short-term investments, at June 30, were US$2.5 billion and US$263 million, respectively, versus US$2.5 billion and US$239 million, respectively, at Dec 31, 2022.

Meanwhile, reported net financing costs for the second quarter were US$30 million versus US$17 million for the year-ago period, while capital expenditures, net were US$153 million, up US$16 million from the year-ago period.

In the first half of 2023, the company paid US$95 million in dividends to shareholders and announced a quarterly dividend of US$0.71 per share that was paid on July 25. Ingredion considers return of value to shareholders via cash dividends and share repurchases as part of its capital allocation strategy to support total shareholder return.

Ingredion expects full-year 2023 net sales to be up mid to high single digits reflecting softer volume demand, while reported and adjusted operating income are both expected to be up high double-digits.

-- BERNAMA

MILLION DOLLAR ROUND TABLE EXPANDING GLOBAL OFFERINGS IN ASIA-PACIFIC WITH NEW REGIONAL HEADQUARTERS

_{Gina van Dijk is the new Senior Director of Global Markets for MDRT.}

 MALAYSIA, Aug 7 (Bernama) -- The Million Dollar Round Table (MDRT), the Premier Association of Financial Professionals® has opened a new Asia-Pacific office in Singapore, serving as the regional headquarters for the Asia-Pacific region to better coordinate global efforts to improve member resources and benefits. This is in coordination with the U.S. MDRT headquarters and satellite offices in China and India.

By establishing this new office, financial professionals in Malaysia will gain increased access to valuable expertise and networking opportunities within the esteemed MDRT community. The closer collaboration and support facilitated by the new regional headquarters will open up greater avenues for growth and development, presenting Malaysia with enhanced prospects in the financial industry.

To support the operations of the new office, MDRT has invested in new staff members to elevate member experiences in the Asia-Pacific Region. Gina van Dijk will serve as the new Senior Director of Global Markets and Nicole Squires will be the new Senior Director of Business Development. Both leaders have strong backgrounds in global relations and business, and will play key roles in the support and expansion of MDRT professional resources for its large Asian member base.

“The opening of MDRT Asia-Pacific headquarters underpins MDRT’s commitment to the industry,” said Carol Kheng, MDRT Second Vice President. “As the region’s population is increasingly aware of their need and options for financial protection, the new office aims to provide members with deeper and quicker access to knowledge, skills, advice and best practices so they can better empower clients to make informed decisions.”

Van Dijk joins MDRT from MCI Group, a global consulting, engagement, marketing, event and association management agency, for which van Dijk has worked in senior positions and played a vital role in helping European and U.S.-based associations expand their footprints in Europe, Latin America and Asia. Born in Nigeria and educated in the Netherlands, van Dijk brings to MDRT a solid understanding of MDRT needs in the areas of strategy, association management and business development, corporate sustainability, and customer relations, necessary for the organisation to grow in key markets and distribution channels.

“I’m very excited to be joining the MDRT team and helping to advance its global mission of professional excellence in financial services,” said van Dijk. “The Asia-Pacific is a region of critical importance to the future of MDRT as an association, and I look forward to helping financial advisors and insurance agents reap the full benefits of their MDRT membership.”

Squires brings a wealth of C-suite advisory, and sales experience from the global financial services perspective, including her most recent role at Standard Chartered Singapore, servicing the Rest of the World market. As a former financial advisor and MDRT member, Squires will lead a team focused on MDRT Family of Brands membership, member gatherings and relationships with financial services companies in major MDRT markets. Squires was born and raised in the Philippines before moving to Singapore in 2018.

“I am ecstatic to be making this transition from MDRT member to MDRT staff,” said Squires. “MDRT has such a bright future in the Asia-Pacific region, and I’m honored to be part of the efforts to continue delivering even better resources to members in all three MDRT Family of Brands associations.”

The new Asia-Pacific office will support MDRT events in the region, including the 2023 MDRT Global Conference in Singapore August 27–30. The event will feature sessions presented by leading financial professionals and inspiring leaders, networking opportunities for members, sessions for MDRT Global Services members, and more. The conference will be held at the Sands Expo & Convention Centre, where members are encouraged to travel and learn about financial services from a global perspective.

About MDRT
MDRT (Million Dollar Round Table) The Premier Association of Financial Professionals®, is a global, independent association of the world's leading life insurance and financial services professionals from more than 700 companies in 80 nations and territories. MDRT members demonstrate exceptional professional knowledge, strict ethical conduct and outstanding client service. MDRT membership is recognized internationally as the standard of excellence in the life insurance and financial services business. For more information, please visit www.mdrt.org.

SOURCE: MDRT Global Services

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Carmen Wong
MDRT
Tel: 847-585-2388
Email: cwong@mdrt.org
Twitter: @MDRTweet

Name: Boo Ee Yern
Priority Communications PR
Tel: +6017 228 1147
Email: eeyern@priority.net.my

--BERNAMA

NEW GENERAL MANAGER FOR KOREA, JAPAN TO FURTHER GROW PHARMANOVIA IN APAC

KUALA LUMPUR, Aug 7 (Bernama) -- Pharmanovia, a global pharmaceutical company has appointed YongSeok Choi, who will take the role of General Manager for Korea and Japan.

In his new role, Choi will be based in Korea and will work closely with Pharmanovia’s global and regional teams, as well as partners in Korea and Japan, to drive the company’s growth and identify new business development opportunities.

“We are thrilled to welcome YongSeok to the Pharmanovia team. His strategic acumen and expertise within the field of innovative medicines will be fundamental as we look to expand our reach within APAC.

“We are confident that YongSeok's leadership and knowledge of these key markets will further strengthen our position as a speciality pharmaceutical company,” said Its Vice President, APAC, Dimitri Pimbert in a statement.

Meanwhile, Choi said: “I am honoured to lead the charge in growing our Korean operations and building out our presence and capabilities in Japan, where I am confident that we can make a significant impact on patients' lives.

“I look forward to working with Pharmanovia’s global and regional leaders and teams to seize opportunities in this dynamic, promising space.”

With an impressive career spanning over 24 years within the pharmaceutical and biotechnology industry, Choi brings an extensive breadth of knowledge and experience in strategy, business management and operations, and product development.

Before joining Pharmanovia, he was the Chief Executive Officer of BioGraphene Inc, a biotech start-up focused on new drug development for neurodegenerative disorders, and holds a Bachelor of Science in Life Science and Master of Science in Environmental Engineering from POSTECH, Korea.

A global lifecycle management healthcare company, Pharmanovia commercialises novel medicines and revitalises, extends and expands the lifecycle of established medicines.

-- BERNAMA

FISU WORLD UNIVERSITY GAMES IN CHENGDU POWER UP VITALITY OF YOUTH

KUALA LUMPUR, Aug 7 (Bernama) -- The 31st FISU World University Games kicked off in the middle of summer, with 6,500 young athletes from 113 countries and regions gathered in Chengdu, showcasing the brilliance and elegance of contemporary college students to the world.

At the beginning of the night, the cultural market in Chengdu Universiade Village is colourful with Pitch Pot and Cuju, among others, whereby the college athletes worldwide interact with each other with great interest, exchanging badges and sharing happiness.

According to the Executive Committee of the 31st FISU World University Games in a statement, since the opening of the Universiade in Chengdu, the village has been filled with university athletes of different colours, nationalities and languages.

FISU acting president, Leonz Eder thanked China for its simple, safe and wonderful concept of hosting the games, earnestly fulfilling its solemn commitments and ensuring the smooth hosting of the Universiade in Chengdu.

As a result of joint efforts of China, the International University Sports Federation and delegations from various countries and regions, the Chengdu Universiade has become an international sports event with Chinese characteristics, the spirit of the times and style of youth.

During the games, cultural exchanges off the field take place every day. In the Tianfu Art Park, the "2023 Chengdu Biennial Exhibition" exhibits 476 works by 235 artists from 22 countries and regions, attracting a large number of Chinese and foreign audiences.

As civilisations are enriched by exchanges while cultures are enriched by mutual learning, the college students meet in Chengdu to view harmony and diversity from the perspective of equality, inclusiveness and fraternity.

The students also appreciate and learn from different cultures, as well as promote world peace and development with their youthful vitality.

-- BERNAMA

STEPHANIE WILKINSON JOINS SIMPRO AS THEIR NEW CHIEF REVENUE OFFICER

BROOMFIELD, Colo., Aug 2 (Bernama-BUSINESS WIRE) -- Simpro, the leading total business management software for commercial and residential trade service businesses, today announced Stephanie Wilkinson will join the team as its new Chief Revenue Officer. This strategic addition comes as part of Simpro’s commitment to drive growth while scaling and unifying its business operations.

“I’m honored to join Simpro at such a pivotal time in their growth journey,” said Wilkinson. “This is an exciting time for the company, and I look forward to collaborating with the team to further accelerate Simpro’s global growth and customer success.”

With more than 26 years in the software technology industry, Wilkinson brings a unique perspective of technical expertise and strategic acumen to the role. Before joining Simpro, Wilkinson held executive positions at several technology companies including IBM Software Group and Magento. Most recently, she served as the VP of Growth Sales and Customer Success for Adobe’s Digital Experience business, where she drove an impressive $400 million in ARR across 5,000 customers.

“Stephanie’s experience and proven leadership in sales, support and customer success will be a strong addition to our team and I am thrilled to welcome her to Simpro,” said Gary Specter, CEO of Simpro. “With her leadership, we are confident in our ability to accelerate our growth, expand our market presence and deliver exceptional value to our customers.”

Wilkinson holds a degree in Mechanical Engineering from the University of Arizona and is currently an advisory board member for the Technology & Services Industry Association.

About Simpro

Simpro is the total business management software for commercial trade service businesses. From job quoting and scheduling to inventory tracking, invoicing and everything in between, Simpro’s smart technology solutions and expert long-term support help businesses build, repair and power their future with complete control over operations.

Founded in 2002 by an electrical contractor and headquartered in Brisbane, Australia, Simpro supports more than 8,000 businesses and 200,000 users worldwide in the electrical, plumbing, HVAC, security and fire protection industries with 700+ employees in six global offices. To learn more about Simpro, visit our website.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20230801961243/en/ 

Contact

Media:

Trish King, VP of Revenue Marketing
trish.king@simpro.us

Source : Simpro
 

--BERNAMA