ENCORP'S ETHICAL DRIVE TOWARDS SUSTAINABLE SUCCESS

ENCORP Integrity Day 2024 

KOTA DAMANSARA, Selangor, Feb 29 (Bernama) -- Encorp Berhad (“ENCORP”), proudly concludes its steadfast commitment to integrity at its ENCORP Integrity Day 2024, held at Strand Mall. The event brought together attendees, including ENCORP employees, Strand Mall tenants, and business partners to engage in discussions, providing perspectives into the significance of ethics, transparency, and corporate responsibility in today's dynamic business landscape.

ENCORP’s Chairman, Encik Mohd Yusmadi Mohd Yusoff said "Amidst the complexities and challenges of the modern business world, the importance of upholding ethical standards cannot be overstated. Property embodies integrity, while integrity safeguards property. They intertwine, forming the cornerstone of trust and reliability in every transaction and relationship, essential for sustainable growth and prosperity.”

Encik Mohd Yusmadi Mohd Yusoff added "We firmly believe that our actions today shape the future of our organisation and our society. Therefore, it is imperative that we hold ourselves accountable to the highest standards of integrity, ensuring that every decision we make reflects our unwavering commitment to ethical excellence. Through initiatives like this, we aim to inspire positive change and set new benchmarks for integrity in the corporate world."

The day kicked off with a forum session entitled 'Leading Governance with Integrity', moderated by En. Arman Idzmy, ENCORP's Head of Risk & Governance. This engaging session showcased esteemed speakers, Psk Tuan Mohd Ridzuan bin Baharin from the Malaysian Anti Corruption Commission's Private Sector Section, Community Education Division, and Tuan Mohd Salihin bin Othman, a distinguished Board of Director representative from the Institute Integrity Malaysia (IIM).

A highlight of the event was the signing ceremony of the Integrity Pledge, a symbolic gesture underscoring ENCORP's steadfast resolve to combat corruption and uphold ethical standards. Led by En. Mohd Yusmadi Mohd Yusoff, Chairman of ENCORP, and joined by PPj Puan Tan Li Chu, Head of GLC Private Sector Community Education Division of MACC, the pledge signified a collective commitment to integrity-driven leadership and governance excellence.

Throughout the day, attendees, including ENCORP employees, Strand Mall tenants, and business partners, had the opportunity to engage with exhibitors at the exhibitions. These experiences provided invaluable insights into the importance of good governance and integrity, empowering participants to champion integrity in their respective spheres.

As ENCORP reflects on the success of Integrity Day 2024, it reaffirms its unwavering dedication to ethical excellence, striving for positive industry-wide transformation. Anchored by integrity, ENCORP remains at the forefront of governance and integrity, poised to inspire and lead by example. Embodying the spirit of "Enlightened Corporation, Makes Enlightened Nation," ENCORP persists in its mission to promote a culture firmly grounded in ethical principles.

Listed on the Main Market of Bursa Malaysia (Ticker: ENCORP/6076). For more information, visit www.encorp.com.my or facebook: @encorpbhd.

SOURCE: Encorp Berhad

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Pauline S Lalung
Tel: 03 6286 7777
Email: pauline@encorp.com.my

--BERNAMA

MEDIDATA, THERMO FISHER SCIENTIFIC'S PPD RENEW DEAL TO ADVANCE CLINICAL TRIALS

KUALA LUMPUR, Feb 29 (Bernama) -- Medidata, a Dassault Systèmes company and provider of clinical trial solutions to the life sciences industry, has renewed its relationship with Thermo Fisher Scientific Inc’s PPD clinical research business.

“Over the past 15 years, we have built a valued connection with the PPD clinical research business to enhance visibility and decision-making during clinical trials.

“We look forward to working together to complete studies faster, boost drug development productivity, and ultimately bring life-changing treatments to patients sooner,” said Medidata executive vice president and head of global sales, Janet Butler.

According to Medidata in a statement, the agreement spans wide range of its solutions to enhance clinical trial efficiency.

The agreement features the Medidata Platform, as well as Medidata Adjudicate and additional Medidata Rave product offerings that support the PPD clinical research business in advancing its customers’ drug development programmes.

A key element of this relationship is the evolution of PPD TrueCast, a business solution powered by Medidata AI that shortens study timelines by combining patient recruitment and site performance data to deliver powerful predictive models and advanced analytics.

The company has collaborated with the PPD clinical research business since 2009 on over 1,000 clinical studies for biopharmaceutical and medical device companies across a broad range of therapeutic areas from oncology to vaccines.

-- BERNAMA

ASICS Move Her Mind Platform Breaking Down Barriers For Women In Sport

KUALA LUMPUR, Feb 27 (Bernama) -- This International Women’s Day, ASICS unveils the results of the largest study ever conducted on the gender exercise gap, reaffirming the positive correlation between women’s exercise levels and their mental health.

According to the study, women who exercise regularly are 52 per cent happier, 50 per cent more energised, 48 per cent more confident, 67 per cent less stressed and 80 per cent less frustrated when exercising.

However, the independent research, conducted on over 25,000 people and led by renowned academics Dr Dee Dlugonski and Professor Brendon Stubbs, alarmingly found that over half of women globally are dropping out or stopping exercise completely, which is negatively impacting their state of mind.

Ominously, the global study revealed that over half of women are unhappy with their exercise levels, with all women facing a myriad of universal challenges and barriers to exercise throughout their lifetime, from time pressures (74 per cent) and low self-confidence (35 per cent) to intimidating environments (44 per cent) or not feeling sporty enough (42 per cent).

Yet, men’s perceptions of these barriers are different to the reality, with only 34 per cent of men recognised lack of time as a barrier to exercise for women, despite three-quarters (74 per cent) of women citing the issue.

In fact, of the top five barriers to exercise perceived by men, only one (costs) actually featured in the list of most common obstacles reported by women, highlighting a disparity between men’s perceptions and the daily reality felt by women worldwide.

In response, according to a statement, ASICS is recognising and amplifying the positive impact of individuals and grassroots organisations who are breaking barriers for women in sport, to support, empower and inspire more women to move.

Currently, the company is spotlighting the remarkable individuals and organisations, who are actively dismantling barriers for women in exercise and sport in addition to the stories of those who are making a difference, the ASICS Move Her Mind platform contains resources, activities and tips to support more women to move more often.

-- BERNAMA

Parenting Journey Easier With Maiden Medela Family Smart Watch App

KUALA LUMPUR, Feb 23 (Bernama) -- Medela has announced the global launch of its first-ever Medela Family smart watch app, designed for seamless tracking for Medela breast pumps users.

This latest innovation is an extension of the award-winning Medela Family app, which supports new and expectant families worldwide by tracking breastfeeding and pumping sessions, as well as milk storage and other key metrics.

According to Medela in a statement, the new smart watch app caters to the needs of new parents, offering quick, convenient tracking while on the move.

“We understand the dynamic lifestyle of today’s moms and strive to offer tools that simplify the breastfeeding and pumping journey for new parents. This app is more than a convenience; it is a way to stay intimately connected with your baby’s needs, even during the busiest of days,” said its Chief Executive Officer, Annette Brüls.

Compatible with both WatchOS and Wear OS, the Medela Family smart watch app synchronises automatically with the main smartphone app, in which this integration provides uninterrupted tracking of baby's activities, from breastfeeding and pumping to sleep and diaper patterns.

The smart watch app includes an array of essential features to assist parents including virtual milk storage inventory as well as tracking for breastfeeding, pumping, bottle, sleep and diaper.

In addition, the interface of the watch app features dedicated tabs for each function, providing quick, on-the-go tracking with streamlined controls.

While the watch app focuses on essential tracking, the full range of features, including detailed data input, is available on the smartphone app, ensuring a comprehensive record.

The Medela Family app is used globally by expectant and breastfeeding families to track inputs from pregnancy through baby’s first years, offering personalised, evidence-based guidance and easy tracking to simplify breastfeeding and pumping for new parents.

-- BERNAMA

MALAYSIA'S ENERGAS INSURANCE RATED EXCELLENT - AM BEST

KUALA LUMPUR, Feb 23 (Bernama) -- AM Best has affirmed Malaysia’s Energas Insurance (L) Limited (Energas) financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent).

According to AM Best in a statement, the outlook of these credit ratings (ratings) is negative.

The ratings reflect Energas’ balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.

In addition, the ratings factor in the neutral impact from the parent, Petroliam Nasional Berhad (PETRONAS), which is the national oil and gas company of Malaysia.

Energas’ balance sheet strength assessment is underpinned by its risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio, which is expected to remain at the strongest level over the medium term.

The company’s investment portfolio was viewed by AM Best as conservative, with a majority of investments allocated to cash and deposits, and the remainder invested in good quality government and corporate bonds.

Capital requirements arising from underwriting risks are viewed to be low given the company’s low net underwriting leverage, though the accumulation of high severity losses from multiple policies may still lead to moderate balance sheet volatility.

AM Best views Energas’ operating performance as strong, supported by its five-year average combined ratio of 68.4 per cent (2018-2022). The company’s net underwriting margins have historically benefitted from favourable reinsurance commission income and low management expenses relative to net earned premium.

The credit rating agency considers the company’s business profile as neutral. As a single-parent captive to PETRONAS, Energas benefits from business access to the group’s insurance risks.

However, its underwriting portfolio shows concentration by line of business and geography, with a significant focus on upstream and downstream energy risks located in Malaysia.

-- BERNAMA

RIMKUS REINFORCES EXPERTISE, EXPANDS MARKET REACH VIA HGGC'S INVESTMENT

KUALA LUMPUR, Feb 23 (Bernama) -- Rimkus Consulting Group Inc (Rimkus), a worldwide provider of engineering and technical consulting services, has received a strategic growth investment from HGGC, a middle-market investment firm.

In a statement, Rimkus said its management team and existing minority investor Century Equity Partners will be rolling significant equity into the transaction, but the financial details of the deal were not disclosed.

“We are excited to welcome HGGC as a strategic partner. Their investment not only recognises the Rimkus team’s hard work and dedication but also empowers us to accelerate our growth trajectory.

“With HGGC’s expertise and resources, we are poised to reach new heights and expand our service offerings to provide even greater value for our clients,” said Rimkus President and Chief Executive Officer, Jonathan Higgins.

Meanwhile, HGGC said the company is looking forward to helping Rimkus achieve growth by broadening its service offerings, deepening its already-strong bench of expertise, and investing in technology to enhance operations.

Rimkus provides engineering and technical consulting to global clients including corporations, law firms, insurance carriers, third-party administrators, and government agencies.

The new partnership with HGGC will help Rimkus to broaden its service portfolio, better serve its clients, and further establish itself as the premier technical consulting firm.

Since 2020, Rimkus has made 15 strategic acquisitions, growing its network to more than 1,500 employees and more than 110 offices globally.

Following a strategic rebrand earlier last year, Rimkus has enhanced its existing practice areas to stay ahead of its global clients’ requirements and invested heavily in technology solutions and people which has enabled the company to remain a leader in the industries it serves.

J.P. Morgan acted as exclusive financial advisor to Rimkus, while Baird advised Century Equity Partners, and Piper Sandler advised HGGC.

-- BERNAMA

RAS AL KHAIMAH 15TH IWAM OFFERS INSIGHT ON RECENT ADVANCES IN MATERIALS SCIENCE

HH Saud bin Saqr attends the opening of the 15th #IWAMRasAlKhaimah and takes part in a fireside discussion that highlights Ras Al Khaimah’s commitment to scientific progress and innovation. #Science (Photo: AETOSWire)

KUALA LUMPUR, Feb 23 (Bernama) -- The 15th International Workshop on Advanced Materials (IWAM) organised by the Ras Al Khaimah Centre for Advanced Materials (RAKCAM) kicked off at the Mövenpick Resort on Al Marjan Island, the United Arab Emirates (UAE).

In its 15th year, IWAM brings together over 200 prominent scientists, professors, researchers and students from internationally acclaimed educational institutions, and more than 100 attendees from UAE-based universities to discuss how advanced materials can shape the future, according to a statement.

The event is again being held under the patronage of UAE Supreme Council Member and Ruler of Ras Al Khaimah, His Highness Sheikh Saud Saqr Al Qasimi, who is participating in a fireside discussion about the importance of advanced materials in solving the world’s greatest challenges.

Advanced materials are found in mobile phones, electronics, energy systems and they include metals, ceramics and polymers, which are either new or enhanced beyond their original state.

Innovations in these advanced materials have the potential to revolutionise many industries, including aerospace, transport, construction and healthcare, allowing these sectors to reduce their carbon footprint and energy use.

IWAM will welcome renowned advanced materials scientists from institutions including the University of Cambridge, University of Oxford, University of New South Wales, and the Max Planck Institute, as well as Nobel Prize-winning professor from the University of Manchester.

As part of IWAM’s remit to involve young people in science, over 500 students from schools and universities in Ras Al Khaimah have taken part in the ‘Innovation and Sustainability Challenge’, calling on them to create innovative solutions to global challenges.

Winners of this challenge and the annual prestigious Sheikh Saud International Prize for Materials Science which offers a US$100,000 reward will be announced later in the week. (US$1=RM4.77)

-- BERNAMA

RAY OF HOPE: MALAYSIA REDEFINES CANCER CARE WITH INNOVATIVE APPROACHES

KUALA LUMPUR, Feb 22 (Bernama) -- Malaysia has made significant strides in the field of cancer treatment, earning recognition as a premier destination for individuals seeking advanced care, coinciding with world’s Cancer Awareness Month.

In a statement, Malaysia Healthcare Travel Council (MHTC) said Malaysia has emerged as a beacon of hope for patients battling cancer with its state-of-the-art medical facilities, renowned healthcare professionals, and commitment to innovative care.

In recent years, Malaysia has experienced a significant increase in medical tourism, particularly in the field of cancer treatment, welcoming over 1.3 million medical tourists in 2023, with a substantial number seeking cancer-related care.

This surge underscores the country's growing reputation as a leading destination for individuals seeking effective and affordable cancer treatment options.

Having garnered international recognition for its excellence in cancer care and treatment, Malaysia’s healthcare system boasts advanced medical infrastructure, including internationally accredited hospitals and specialised cancer centres equipped with cutting-edge technology.

These facilities offer a comprehensive range of cancer treatments such as chemotherapy, radiation therapy, immunotherapy, and surgical interventions, which is tailored to meet the unique needs of each patient.

At the heart of Malaysia's appeal is the expertise of its healthcare professionals with oncologists, surgeons, nurses and support staff undergoing rigorous training and accreditation to ensure patients receive top-notch treatment and personalised care throughout their cancer journey.

Beyond medical treatment, the country prioritises the holistic well-being of cancer patients, offering comprehensive support services to address their physical, emotional, and psychological needs.

To further bolster its position as a global hub for cancer treatment, Malaysia continues to invest in research and development, fostering collaborations with renowned institutions worldwide, which aim to drive innovation as well as improve treatment protocols, ultimately contribute to the global fight against cancer.

-- BERNAMA

LANTRONIX CLOUD SOFTWARE PLATFORM ACCELERATES IOT EDGE DEVICE DEPLOYMENTS

KUALA LUMPUR, Feb 22 (Bernama) -- Lantronix Inc, a global provider of compute and connectivity Internet of Things (IoT) solutions, has unveiled Percepxion, its new Cloud IoT Edge Solutions platform.

Percepxion is pre-configured into Lantronix’s award-winning IoT gateways, routers, trackers and switches to provide secure, comprehensive device lifecycle management, while also efficiently scales edge deployments from regional to global and is managed via an intuitive single pane of glass.

“The Percepxion platform provides our customers with an easy-to-deploy IoT solution that comes pre-configured on our connect and compute products.

“Percepxion’s multi-tenant feature enables a B2B solution, generating incremental revenue streams for our end customers,” said its vice president of Marketing, Jacques Issa in a statement.

Remote installation of Lantronix devices includes zero-touch automated provisioning managed through Percepxion.

Site-required firmware, configuration and certificates are remotely loaded to ensure secure data communication and compliant devices, in which it is ideal for critical infrastructure management, fleet management, smart cities and other end-to-end IoT edge solutions.

Percepxion simplifies software updates for maintaining robust device cybersecurity; enables real-time remote access for diagnosing and troubleshooting as well as over-the-air updates; and its custom dashboards provide on-demand visibility of device telemetry data.

The platform’s holistic approach to IoT edge solutions accelerates time to revenue by simplifying edge management and maintenance while providing customers with assistance and long-term assurance.

Delivered as a service, the Percepxion multi-tenant cloud platform provides businesses with comprehensive device lifecycle management through Web and mobile apps, and is offered with bundled Level Technical Support, limited warranty as well as other optional services.

-- BERNAMA

APAC TIPPED TO LEAD GLOBAL ENERGY TRANSITION - WOOD MACKENZIE REPORT

KUALA LUMPUR, Feb 22 (Bernama) -- The Asia Pacific (APAC) region is expected to maintain a 50 per cent share of global primary energy demand and a 60 per cent share of global carbon emissions until 2050, according to ‘Wood Mackenzie’s Asia Pacific Energy Transition Outlook (ETO)’ report.

According to a statement, this trend is unlikely to change without strong policy action and investment, but the region still has the potential to turn these challenges into opportunities and become a global leader in the energy transition.

This report is part of Wood Mackenzie’s ETO research series, which analyses three different pathways for the energy and natural resources sector.

Wood Mackenzie Vice President, Scenarios and Technologies Research, Prakash Sharma said every country in the APAC region is vastly different in terms of population growth, economic development, policy landscape, what natural resources they have and, more importantly, what they do not have will determine how they transition to a low-emissions pathway.

According to Wood Mackenzie’s base case scenario, the APAC electric vehicle (EV) stock is projected to rise from 24 million cars currently to a staggering 635 million units by 2050, in which this exponential growth would be driven by the affordability of EVs and the availability of resources in the region.

Furthermore, in Wood Mackenzie’s base case, low-carbon supply accounts for 35 per cent of power generation today, and it is projected to rise to 75 per cent by 2050, while the share of wind and solar increases to over 54 per cent.

This rapid growth in variable renewables is accompanied by adopting energy storage, hydrogen, small modular nuclear reactors, and geothermal technologies, with nearly 50 per cent of the world's new technology opportunities for low carbon emission will be in APAC, by 2050.

According to Wood Mackenzie, gas demand will continue to increase for 15 years in all scenarios, with growth in power and industry offsetting the long-term decline in buildings.

By 2050, gas demand is expected to grow from 890 billion cubic metres (bcm) to 1,285 bcm in the base case but fall to 655 bcm in the net zero scenario.

-- BERNAMA

K1 Investment Management Makes Bid For MariaDB Buyout

KUALA LUMPUR, Feb 19 (Bernama) -- K1 Investment Management LLC (K1) has confirmed a non-binding proposal made to MariaDB’s board of directors to acquire, together with K1’s investment affiliates, all of the issued, and to be issued, share capital of MariaDB at a value of US$0.55 per share (Possible Offer). (US$1=RM4.77)

The terms represent a 189 per cent premium to MariaDB’s closing share price on Feb 5 the last full trading day prior to the announcement by MariaDB of a potential forbearance agreement with RP Ventures LLC and Hale Capital Partners; and a 114 per cent premium to its average closing share price of the last 30 calendar days.

According to a statement, K1 has a high regard for the MariaDB business and looks forward to engaging with MariaDB in connection with the Possible Offer.

It is intended that the proposed transaction would be effected by way of an Irish law scheme of arrangement whereby K1, or its affiliates, would acquire 100 per cent of the issued shares of the company.

However, K1 reserves the right to implement the proposal, instead, by way of contractual offer, in which the form and/or mix of the offer consideration has not yet been determined.

There can be no certainty that any offer will be made, nor as to the terms on which any such offer might be made.

A global investment firm that builds category-leading enterprise software companies, K1 partners with strong management teams of high-growth technology businesses to help them achieve successful outcomes.

-- BERNAMA

KFSH&RC RETAINS POSITION AS GLOBAL, REGIONAL HEALTHCARE LEADER

KUALA LUMPUR, Feb 19 (Bernama) -- King Faisal Specialist Hospital & Research Centre (KFSH&RC) has secured its position for the second consecutive year as a global leader in healthcare and number one in the Middle East and Africa, ranking 20th globally among the leading healthcare institutions in the Brand Finance Global Top 250 Hospitals 2024 report.

Leading the way, KFSH&RC is joined by King Saud Medical City, King Khalid University Hospital, National Guard Health Affairs, and King Fahd Medical City, all ranked among the top 100 globally, in which assessment is based on insights from thousands of healthcare practitioners across more than 30 countries.

In a statement, KFSH&RC said it continues to stand at the forefront both locally and regionally, underlining its commitment to delivering world-class patient-centric healthcare and medical innovation.

The remarkable performance of KFSH&RC in this global ranking is a testament to the Kingdom’s healthcare transformation goals and the transformative impact of Vision 2030, reflected via the continuous improvement of healthcare services as well as the pursuit of technological advancements across the Kingdom for a healthier and thriving nation.

The healthcare institution stands among the global leaders in providing specialised healthcare, driving innovation, and serving as an advanced hub for medical research and education.

Through strategic partnerships with prominent local, regional, and international institutions, KFSH&RC is dedicated to advancing medical technologies and elevating the standards of healthcare worldwide.

Founded in 1996, Brand Finance evaluates over 500 hospitals worldwide annually, utilising more than 30 performance indicators encompassing healthcare, research centres, and education to support science-based strategic decision making.

-- BERNAMA

GD TODAY: GUANGDONG GOVERNOR SENDS CHINESE NEW YEAR GREETINGS VIA VIDEO

KUALA LUMPUR, Feb 15 (Bernama) -- GD Today recently released the video of the 2024 Chinese New Year address from the Governor of Guangdong, Wang Weizhong to overseas Chinese, Hong Kong, Macao and Taiwan compatriots, and friends worldwide on behalf of the Guangdong Provincial People's Government and the people of Guangdong Province.

According to GD Today in a statement, 2023 was a landmark year for reform and development in Guangdong, as well as a year that Guangdong's popularity continues to flourish, and exchanges become more convenient.

Guangdong has been given a strategic pivot for the new development pattern of the Guangdong-Hong Kong-Macao Greater Bay Area, a demonstration site for high-quality development, and a new positioning for the leading place of Chinese-style modernisation.

The economy of Guangdong has accelerated its recovery and development, and its population has exceeded 150 million with streets crowded with people and vehicles, while scenic areas are filled with touring enthusiasts.

In 2023, the gross domestic product (GDP) of Guangdong ranked first in the country for 35 consecutive years, becoming the first province exceeding 13 trillion Chinese yuan. (100 Chinese yuan = RM66.44)

Meanwhile the province’s regional innovation capacity has been the reigning champion for seven consecutive years among domestic competitors. Guangdong's openness is more profound in the process of embracing the world.

As this year marks the 75th anniversary of the founding of the People's Republic of China, Guangdong will further take good advantages of "overseas Chinese" and regard them as a bridge to expand its high-level opening-up to the outside world.

-- BERNAMA

AACSB Acknowledges 26 Business Schools For Bold Leadership

KUALA LUMPUR, Feb 13 (Bernama) -- AACSB International (AACSB), the world’s largest business education alliance, announced 26 business schools highlighted in its Innovations That Inspire member spotlight programme.

“In a world facing social, economic, and technological challenges, business schools are innovating to develop powerful solutions. The 2024 Innovations That Inspire selections exemplify the unique ways that business schools create value and impact for their stakeholders.

“Through their bold leadership and innovation, these schools are contributing to a better world, demonstrating the important role they play in our society,” said AACSB president and chief executive officer, Lily Bi in a statement.

This annual programme recognises global institutions that serve as champions of change in business education, whereby this year, the highlights feature unique ways that business schools are leveraging innovation to drive new value for the communities they serve.

These schools are leading boldly to enable equitable access, empower problem-solvers, design timely curricula and credentials, deploy adaptive learning methods, create new knowledge, as well as develop societal impact leaders.

Examples include Jinan University’s Carbon Emissions Accounting Guidelines for Maritime Transport Enterprises, developed by researchers at the School of Management’s affiliated Key Laboratory of Human-Nature Life Community, the guidelines provide maritime transportation enterprises with standardised methods for carbon emissions accounting to help address China’s carbon-neutrality goals.

Meanwhile, Promoting Societal Impacts through Data Insights and Collaboration, The University of Alabama, Culverhouse College of Business, is spearheading data-driven approaches, multisector engagement, and hands-on learning drive an innovative, federally funded initiative to develop a comprehensive data centre focused on using open intelligence to address the opioid crisis.

Currently in its ninth year, the Innovations That Inspire initiative has highlighted 240 business school efforts that exemplify forward-looking approaches to education, research, community engagement, entrepreneurship, leadership, as well as diversity and inclusion.

-- BERNAMA

OPTIMUM NUTRITION TAKES DRIVER'S SEAT WITH MCLAREN FORMULA 1 TEAM

KUALA LUMPUR, Feb 13 (Bernama) -- Sports nutrition brand, Optimum Nutrition announced it has become Official Sports Nutrition Partner of the McLaren Formula 1 Team for the 2024 season and beyond.

According to a statement, Optimum Nutrition branding will feature on the pit crew overalls and set-up kit, and the overalls of McLaren Formula 1 drivers Lando Norris and Oscar Piastri.

“We are delighted that Optimum Nutrition, which has been trusted by all types of athletes across many sports for 35 years, has joined McLaren Racing as Official Sports Nutrition Partner.

“Both McLaren and Optimum Nutrition are dedicated to peak human performance and excellence so we are thrilled to be working together during the forthcoming F1 season,” said Glanbia Performance Nutrition, Global Chief Brand Officer, Colin Westcott-Pitt.

Meanwhile, McLaren Racing Executive Director, Partnerships & Accelerator, Matt Dennington said: “It is great to welcome Optimum Nutrition to the team. We operate in a high performance environment and our people are our most important asset, so it is fantastic that Optimum Nutrition will support our continuous push for improvement and excellence across everything we do.”

With a key focus on the McLaren F1 Team drivers and pit crew, the partnership unites two brands with high human performance at their core, constantly striving for better.

Optimum Nutrition will support the team’s performance, health and wellbeing with science-led sports nutrition products driven by innovation, ensuring the team can unlock its potential throughout the 2024 season.

Part of Glanbia Performance Nutrition, Optimum Nutrition produces a wide variety of high-quality nutritional food supplements and beverages to support an active and healthy lifestyle, including protein powders, energy products and ready-to-eat protein bars.

-- BERNAMA

MILKEN INSTITUTE ANNOUNCES INAUGURAL GLOBAL INVESTORS' SYMPOSIUM

The Institute’s first large convening in the region meets the growing demand for investment-focused gatherings at the most senior level.

HONG KONG, Feb 8 (Bernama-BUSINESS WIRE) -- Milken Institute’s inaugural Global Investors’ Symposium will take place on March 26 at The Regent Hong Kong. Under the theme “Thriving Together: Bridging Global Markets,” the Symposium’s program will delve into forces shaping Asia and the world and amplify the collaborative spirit between public and private sectors in tackling various topical and critical issues in the finance industry.

Featuring CEOs, CIOs, business and investment leaders, experts will contribute their insights through a full day of thought-provoking discussions and programming. In-person attendees can expect an immersive and interactive experience through our curated networking sessions and private roundtable discussions featuring some of the most interesting investors of this generation. To ensure an engaging experience for participants unable to join us in-person, all public panel discussions will be broadcast live on Milken Institute’s livestream page.

“For more than ten years, the Milken Institute has had a base in Singapore and regularly brings together leaders across the financial sector and investor community in Southeast Asia. As these have become important convenings to exchange ideas and tackle pertinent issues, the community asked us to bring this format to address the unique and emerging opportunities in China and North Asia,” said Laura Deal Lacey, Executive Vice President of MI International. “As one of the most important financial markets in Asia and one of the most dynamic and beautiful cities in the region, Hong Kong is the perfect location for our inaugural Global Investors Symposium.”

To mark the occasion, Hong Kong Financial Secretary Paul Chan will be providing an opening remark at the opening plenary of the inaugural Global Investors’ Symposium. In a recent blog article, Mr. Chan said the Symposium is one of the 80 mega events to be held in the first half of 2024. Such international conferences will strengthen exchanges and interaction among local, Mainland and international partners, and will fully reflect Hong Kong’s role as a ‘superconnector’.”

“The inaugural Global Investors’ Symposium will feature successful entrepreneurs and veteran investors from China and beyond who collectively are charting a path for new dividends in the marketplace,” said Robin Hu, Chair Asia, Milken Institute. “I look forward to an insightful and thought-provoking Symposium.”

For information about the 2024 Milken Institute Global Investors’ Symposium, please visit https://milkeninstitute.org/events/global-investors-symposium-2024. To join the event, please register via this link. For media credentials or inquiries, reach out to Yeen Chong at ychong@milkeninstitute.org 

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MEDIDATA AND SANOFI VACCINES EXTEND COLLABORATION TO IMPROVE PATIENT CENTRICITY AND TRIAL EFFICIENCY

Collaboration will harness Medidata Electronic Clinical Outcome Assessment (eCOA) for remote patient engagement and real-time data capture 

NEW YORK, Feb 7 (Bernama-BUSINESS WIRE) -- Medidata, a Dassault Systèmes company and leading provider of clinical trial solutions to the life sciences industry, and Sanofi Vaccines, today announced a collaboration to harness Medidata eCOA to deploy in vaccine studies. This builds on Medidata and Sanofi’s longstanding, successful experience using Medidata Rave EDC (electronic data capture).

The collaboration will use an eDiary function within eCOA to create an eDiary library specific to Sanofi’s vaccines. This library will accelerate future study set-up times, improve efficiency, and increase data quality, while ensuring patients have access to eDiaries that are easy to use.

Sanofi has chosen to adopt eCOA’s capabilities in its vaccine studies, optimizing the patient clinical journey by reducing on-site monitoring and allowing patients to input data in real time from any location. Pilots of eCOA were performed in six vaccine studies and demonstrated high levels of patient compliance, providing highly reliable data. As a result, the collaboration has since moved out of the pilot phase, with eCOA being deployed across a pipeline of Sanofi’s vaccine clinical trials. 

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GRAND SEIKO FLAGSHIP BOUTIQUE OPENS ON MADISON AVENUE

KUALA LUMPUR, Feb 9 (Bernama) -- Seiko Watch Corporation has announced the official launch of a new United States "Grand Seiko Flagship Boutique" on iconic Madison Avenue in New York City, marking a significant milestone in its history.

According to Seiko Watch Corporation in a statement, the new multi-level flagship store is the largest Grand Seiko Boutique globally.

“The United States has accelerated the growth of Grand Seiko outside of Japan, and this new boutique opens a new chapter for the brand’s further development.

“Being located at such a prime location, I am certain it will allow more customers and watch lovers from around the world to experience Grand Seiko's uniquely Japanese worldview and its endless passion for perfection,” said Seiko Watch Corporation President, Akio Naito.

With an impressive presence on the corner of Madison Avenue and 55th Street, it promises an unparalleled experience for watch enthusiasts and connoisseurs, celebrating the brand's rich heritage of artistry and innovation.

The flagship features an elegant and contemporary design that reflects Grand Seiko's brand message, "Alive in Time", representing its dynamic spirit and desire to push the boundaries of watchmaking.

The boutique's airy and sophisticated interior captures the essence of Japanese aesthetics and culture, while at the entrance and throughout the store, designs inspired by a traditional form of Japanese woodwork known as "kumiko" adorn the new construction.

The watch showcases, crafted from light-coloured wood, exude Grand Seiko's commitment to craftsmanship, precision, and distinctive Japanese quality.

Inside the two-storey boutique, customers are invited to explore Grand Seiko's extensive collection of timepieces, including its Spring Drive, mechanical, and quartz models, in addition to a dedicated private room that is home to the esteemed Masterpiece Collection.

-- BERNAMA

EIG’S MIDOCEAN ENERGY BUYS 20 PCT STAKE IN PERU LNG FROM SK EARTHON

KUALA LUMPUR, Feb 9 (Bernama) -- MidOcean Energy (MidOcean), an liquefied natural gas (LNG) company formed and managed by EIG, has entered into a definitive agreement with SK Earthon (SK) to acquire SK’s 20 per cent interest in Peru LNG (PLNG).

According to a statement, PLNG is a highly strategic asset to the Peruvian natural gas sector, providing a key route to monetise its natural gas resources via export.

It also plays an important role in supplying LNG to residential and industrial customers as well as compressed natural gas (CNG)-powered vehicles in various cities across the country.

“PLNG is an asset we know and admire, with sound long-term fundamentals, a strong management team and reliable operations.

“We look forward to joining the PLNG partnership and contributing to the long-term prosperity of that venture and its work toward being a positive role in the Peruvian energy market,” said MidOcean Energy Chief Executive Officer, De la Rey Venter.

MidOcean also is in the process of completing its acquisition of Tokyo Gas’ interests in four Australian LNG projects for US$2.15 billion, which is targeted to close at the end of February. (US$1=RM4.78)

The PLNG transaction is subject to customary closing conditions, with Morgan Stanley acted as exclusive financial advisor to MidOcean on the transaction.

PLNG owns and operates the first LNG export plant in South America, located in Pampa Melchorita, 170 kilometres south of Lima, Peru. Operated by Hunt Oil Company, it is one of only two LNG production facilities in Latin America.

EIG is an institutional investor in the global energy and infrastructure sectors with US$22.9 billion under management as of Dec 31, 2023, specialising in private investments in energy and energy-related infrastructure on a global basis.

-- BERNAMA

BLUE CALIFORNIA COMPLETES GROUNDBREAKING HUMAN CLINICAL TRIAL ON ERGOACTIVE® ERGOTHIONEINE INTERVENTION FOR COGNITIVE FUNCTION, MEMORY, AND SLEEP

Rancho Santa Margarita, Calif., Feb 6 (Bernama-GLOBE NEWSWIRE) -- Blue California, an industry leader in science-driven ingredient development, announced the successful completion of a groundbreaking human clinical trial of ergothioneine. A double-blinded placebo-controlled clinical trial sponsored by Blue California has shown that ErgoActive® ergothioneine supports aspects of cognitive function, memory, and sleep in healthy elderly subjects with subjective memory complaints.

"Blue California is proud to have sponsored such an important human study,” said Linda May-Zhang, Ph.D., VP of Science and Innovation at Blue California. “We are pleased by the results showing improvements of cognitive function and ability to get to sleep in subjects consuming ErgoActive for four months.” 

Research has suggested that inadequate levels of ergothioneine are associated with a range of health problems, including cardiovascular disease, frailty, age-related cognitive decline, neurodegenerative diseases such as Parkinson’s disease, and dementias such as Alzheimer’s disease. Mushroom consumption and estimated dietary ergothioneine intake have previously been associated with reduced risk of cognitive decline and potentially longer lifespan. 

Despite decades of preclinical research, association studies, and clinical studies conducted with mushrooms, it remained untested whether supplementation with pure ergothioneine can improve cognitive outcomes. Rigorous clinical studies were lacking. Today, Blue California has made a substantial advancement by sponsoring a double-blinded, placebo-controlled clinical study conducted at a national research institution. 

http://mrem.bernama.com/viewsm.php?idm=48002

NIQ REPORT PROVIDES DETAILED INSIGHTS INTO CONSUMER TRENDS, BEHAVIOURS

KUALA LUMPUR, Feb 8 (Bernama) -- NIQ, an authority in consumer intelligence, has released its highly anticipated 2024 Global Consumer Outlook Report, exploring critical trends and insights that shape the consumer landscape, delivering invaluable data and analysis for businesses and stakeholders worldwide.

“In today's disruptive global economy, our Consumer Outlook Report for 2024 serves as a compass, navigating through the ripples of economic events and unveiling insights into consumer behaviour.

“As businesses confront the challenges of a changing landscape, this report equips them with strategic foresight, offering a tailored understanding of regional variances and empowering them to steer their course toward sustainable growth,” said its Chief Operating Officer, Tracey Massey in a statement.

Among the findings unveiled from the report was that prices rose by 6.1 per cent in November 2023, a significant drop from the 13.6 per cent increase observed in January 2023. As inflation decelerates, it reveals that the slowed growth in sales value no longer masks low or declining consumption rates, in which retailers and brands must strategically respond to avert excessive promotions and safeguard the bottom line.

In addition, currently 34 per cent global consumers feel worse off financially than a year ago, as the unemployment rate remains steady and wages lag inflation. As the global crisis remains top-of-mind, expect increased competition for a smaller share of consumer spending.

Furthermore, 40 per cent of global consumers proactively prioritise their health, contributing to a growth niche in the market. Recognising the significance of proactive health management, consumers are keen on specific lifestyle changes and product features to attain their health goals.

Navigating the intricate global economic terrain, the report delves into the repercussions of significant economic events and trends, shedding light on their impact on consumer confidence and spending behaviour.

Moving beyond a broad overview, the analysis explores regional variances, providing in-depth insights into the unique dynamics of Asia Pacific, Europe, North America, Africa, the Middle East, and Latin America.

This bi-annual thought leadership study uncovers nuances in consumer preferences and changes in consumer attitudes and purchasing patterns, empowering retailers and manufacturers with a strategic understanding of their target markets to facilitate the formulation of tailored strategies for sustainable growth.

-- BERNAMA

Ingredion Ends 2023 With Strong Operating Income Growth

KUALA LUMPUR, Feb 7 (Bernama) -- Ingredion Incorporated, a global provider of ingredient solutions to the food and beverage manufacturing industry, has announced a strong financial performance for the fourth quarter and the full year of 2023, with notable increases in reported and adjusted operating income.

Fourth quarter reported and adjusted operating income rose by 29 per cent and 21 per cent respectively, with full-year increases of 26 per cent and 23 per cent.

The company has also reported significant growth in its earnings, with an increase in both reported and adjusted earnings per share (EPS) with full-year 2023 reported EPS grew by 31 per cent to US$9.60, and adjusted EPS increased by 26 per cent to US$9.42. (US$1=RM4.75)

“Our business performed exceptionally well and remained resilient throughout 2023, delivering more than 20 per cent operating income growth for both the fourth quarter and full year.

“Our targeted pricing actions and proactive cost savings initiatives helped overcome inflation and raw material volatility, leading to a sixth consecutive, quarter-over-quarter expansion of gross margin,” said its president and chief executive officer, Jim Zallie in a statement.

Ingredion's balance sheet remains strong, with total debt decreasing and cash reserves increasing compared to the previous year. As at Dec 31, 2023, total debt and cash, including short-term investments, were US$2.2 billion and US$409 million, respectively, versus US$2.5 billion and US$239 million, respectively. 

Cash from operations was US$1,057 million, up from US$152 million in 2022, reflecting changes in working capital and current period net income, while reported net financing costs for the fourth quarter were US$26 million versus US$34 million for the year-ago period.

Full-year net sales increased by three per cent, despite a three per cent decline in the fourth quarter. The decrease was led by volume declines, partially offset by price mix and foreign exchange impacts, while the increase was driven by price mix, partially offset by volume declines and foreign exchange impacts.

For full-year 2023, the company paid US$194 million in dividends to shareholders, and in the fourth quarter declared a quarterly dividend of US$0.78 per share that was paid in the first quarter of 2024.

“As we look ahead to 2024, we are confident that the reorganisation of our business operations will better align our resources and capabilities with customers’ needs to better target growth opportunities,” concluded Zallie.

-- BERNAMA

B. BRAUN REDEFINES WORKFORCE EMPOWERMENT WITH PIONEERING BMI PEOPLE DEVELOPMENT PROGRAMME

BMI Professional Diploma in Industrial Technology & Management Graduates

Public-Private partnership to holistically upskill local talents and move them up the value-chain towards establishing a highly skilled, knowledge-based economy


BAYAN LEPAS, Feb 7 (Bernama) -- One of the world’s leading medical technology companies, B. Braun Medical Industries Sdn. Bhd. (BMI), saw the fruition of its pioneering BMI People Development Programme (PDP), with its inaugural graduation ceremony recently.

A total of 105 students successfully graduated from various courses under the programme and are now actively serving both in BMI and the broader industry. The PDP is designed to cultivate a high-performing culture by empowering B. Braun employees to take charge of their own career development. It covers both the technical and managerial development paths and is aligned with B. Braun’s promise of Sharing Expertise. It also supports the Malaysian government’s aim of creating a high-value workforce dedicated to excellence through the holistic upskilling of talents.

Via various public-private partnerships, five pivotal courses have been created specifically for the PDP. These courses are:

1. Industriemeister (Bachelor Professional in Mechatronics), in collaboration with the Malaysian-German Chamber of Commerce and Industry (MGCC), IHK Kassel-Marburg and the Penang Skills Development Centre (PSDC);
2. German Dual Vocational Training – GDVT (Advanced Diploma in Mechatronics), in collaboration with the Malaysian Department of Skills Development (Jabatan Pembangunan Kemahiran -JPK), MGCC and PSDC;
3. Professional Diploma in Industrial Technology & Management, in collaboration with Universiti Malaysia Perlis (UniMAP);
4. Professional Certificate in Applied Operations & Management, in collaboration with Universiti Sains Malaysia (USM); and
5. Professional Advanced Certificate in Applied Operations & Management, in collaboration with USM.

Industriemeister and GDVT directly support Malaysia's strategic focus on elevating the Technical and Vocational Education and Training (TVET) ecosystem, targeting those who are highly interested in pursuing a career in the technical stream. Meanwhile, the Professional Diploma, Certificate and Advanced Certificate courses provide an opportunity for employees to expand their development journey into managerial and leadership roles.

The five courses culminated in a celebration of excellence at a special graduation ceremony that was held at two separate locations, BMI and USM. Mr. Christian Kapischke, Senior Vice President, Operations & Head of Centre of Excellence, Intravenous Access (CoE IVA), B. Braun Asia Pacific was on site to present the respective certifications.

Mr. Kapischke said, “The BMI People Development Programme signifies B. Braun’s commitment to our people and the community we operate in. By investing in our people and equipping them with essential technical expertise and leadership skills, we are developing talents that will not only thrive in the changing world of work but redefine the economic landscape of the country. Our successful public-private partnerships will create opportunities for a better quality of life and brighter future, as we strive to protect and improve the health of people around the world.”

The programme is a key component of B. Braun’s efforts to re-design its workplace to adapt to an environment undergoing continuous change, particularly with the disruption brought about by digitalisation and innovations. The majority of employees in BMI, Penang work on the frontlines of manufacturing, and this initiative provides them the opportunity to progress and advance their careers through a non-mainstream approach.

BMI employee Prashantraj A/L Selvaraj, who was named Best Student, Professional Diploma in Industrial Technology & Management, said, “The programme offers a valuable learning experience for participants. The combination of 50% technical module and 50% management module, is a good balance of knowledge and skills to help broaden our exposure and equip us with the ability to solve real-time challenges in our jobs. Studying while working is never easy, so, I am grateful that in B. Braun, I received a lot of guidance, support, and encouragement from my colleagues and supervisors, to not just complete my course, but to excel in it. I look forward to contributing all that I have learnt and add value to my team.”

Also present at the graduation ceremonies were Mr. Daniel Bernbeck, Member of the Board and CEO, Malaysian German Chamber of Commerce and Industry (MGCC); Dr. Hari Narayanan, Chief Executive Officer of the Penang Skills Development Center (PSDC); Prof. Ir. Dr. Rizalafande Che Ismail, Deputy Vice Chancellor for Research & Innovation, UniMAP; Prof. Dr. Azlan Amran and Deputy Vice-Chancellor for Industry and Community Network, USM.

About B. Braun
B. Braun is one of the world's leading medical technology companies. With over 65,000 employees, the family-owned company is a true partner, developing smart solutions and setting standards to drive advancements in health care. In 2022, the B. Braun Group generated sales of € 8.5 billion.

B. Braun Medical Industries Sdn. Bhd. (BMI) in Penang, Malaysia is one of the Group’s largest production sites with over 7,500 employees. Here, we produce healthcare solutions for world markets and advance education for medical practitioners through its world-renowned Aesculap Academy. B. Braun’s Regional Asia Pacific Headquarters is also based in Penang. In Petaling Jaya, B. Braun Medical Supplies (BMS) serves Malaysian healthcare professionals.

Associated images can be found at the following link:
https://files.fileexchange.aesculap.extranet.bbraun.com/thirtydays/f7799a54-a36f-466d-85e2-384d08ade766/Photos.zip

SOURCE: B. Braun Medical Industries Sdn. Bhd.

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Juanita Johari
Director, Head of Corporate Communications, Asia Pacific
Email: press.ap@bbraun.com

--BERNAMA

BRIDGING THE SKILLS GAP: YAYASAN HASANAH AND CENTEXS JOIN FORCES TO STRENGTHEN MALAYSIA'S TEXTILE PRESERVATION

A historic MoU for Yayasan Hasanah and CENTEXS; bridging the skills gap in preserving Malaysia’s textile heritage. (From L to R): YBhg. Dato’ Shahira Ahmed Bazari, Trustee and Managing Director of Yayasan Hasanah, YBhg. Tan Sri Datuk Amar Haji Mohamad Morshidi bin Abdul Ghani, Chairman of CENTEXS, The Right Honourable Datuk Patinggi Tan Sri (Dr) Abang Haji Abdul Rahman Zohari Bin Tun Datuk Abang Haji Openg, Premier of Sarawak and YBhg. Dato Haji Syeed Mohd Hussien Bin Wan Abdul Rahman, CEO of CENTEXS

Historic MoU kickstarts skill-training programmes for Malaysia’s traditional artisans, facilitating collaborations with contemporary designers

KUCHING, Feb 6 (Bernama) -- On February 5th, 2024 marks a significant milestone as Malaysia’s leading impact-based foundation Yayasan Hasanah (“Hasanah”) and CENTEXS officially signed a Memorandum of Understanding (MoU), solidifying their commitment to advancing the preservation and conservation of Malaysia's rich textile heritage. The MoU outlines a strategic partnership focused on capacity development, cross-fertilisation of skills, and the promotion of excellence in heritage textile preservation.

The MoU exchange was organised in conjunction with CENTEXS Convocation Ceremony, in which the event was graced by The Honourable YAB Datuk Patinggi Tan Sri (Dr) Abang Haji Abdul Rahman Zohari bin Tun Datuk Abang Haji Openg, Premier of Sarawak.

The collaboration includes targeted initiatives such as skill development workshops, training programs, and master classes aimed at enhancing the proficiency of traditional textile artisans. The partnership also seeks to facilitate collaborations between traditional artisans and contemporary designers, fostering the creation of modern interpretations of traditional textiles through innovation and product development. Furthermore, key aspects of the collaboration also include fostering sustainable practices in capacity-building, product design, development, and entrepreneurship.

"In the realm of arts, culture, and heritage (AHC) preservation, the work must extend far beyond mere static displays within museum walls. Today, sustainable preservation requires more than conveying historical value; it demands an ability to resonate with the hearts and minds of contemporary consumers, staying relevant in the ever-evolving market. Thus, over the next two years under its heritage textile preservation efforts, Yayasan Hasanah is focusing on amplifying research and development (R&D) and the commercialisation of artisanal products. In doing so, we recognise that this translates to a crucial need for a skills upgrade among our exceptionally talented traditional practitioners. In this spirit, we’re excited to collaborate with CENTEXS in curating impactful skill-training programmes, to preserve excellence in these art forms, while strengthening heritage textile as a thriving economic space for our local artisans in Malaysia," shared Dato’ Shahira Ahmed Bazari, Trustee and Managing Director of Yayasan Hasanah.

The historic MoU builds upon Hasanah’s tireless efforts in Malaysia's heritage textile preservation in collaboration with various expert partners. Initiatives include preserving original Malaysian legacy motifs through digital documentation and intellectual property (IP) protection, the development of an experiential centre for heritage textiles, masterclasses for royal textile art forms like Telepuk with Adigurus (master artisans), as well as training for youths in heritage textile arts like Kelingkan, Keringkam, Songket, and Telepuk – such as the ASPIRE Programme that trains the young trainees of Puncak Borneo complex in the art of Keringkam embroidery.

In its most recent initiative, Yayasan Hasanah established the annual Hasanah Gold Threads Awards to celebrate excellence and innovation in local heritage textiles. These awards acknowledge outstanding work around the country in various categories, in which eighteen exceptional textile artisans - including the 91-year-old Sarawakian Ngot Bi, a practitioner in traditional plaiting - were recognised for their extraordinary craftsmanship.

Dato Haji Syeed Mohd Hussien Bin Wan Abdul Rahman, Chief Executive Officer of CENTEXS emphasised, “At CENTEXS, our mission is to be the Best in its Class Technology Training Institute in the Region by 2030. As we strive towards this goal, our responsibility is to equip the state’s workforce for various economic sectors, and this includes the lifestyle and heritage scene. This partnership with Hasanah adds immense value in co-designing an impactful training programme for our traditional artisans, to ensure they are not left behind in technological advances and innovations relevant to their craft, thus nurturing a strong workforce in this sector.”

The MoU is in line with Yayasan Hasanah's aim to become a leading foundation that promotes Malaysia’s global sustainability through solutions encouraging human capital development, empowering communities, promoting social inclusivity, and improving the local environment.

ABOUT YAYASAN HASANAH
Yayasan Hasanah (“Hasanah”) is the impact-based foundation of Khazanah Nasional Berhad (“Khazanah”), the sovereign wealth fund of Malaysia. Hasanah was set up as an independent entity on 1 July 2015, building on nine years of Corporate Responsibility (CR) efforts previously driven by Khazanah. As a grant-giving organisation, Hasanah goes beyond ringgit and sen to facilitate an ecosystem of transformation, working in collaboration with multiple stakeholders, infusing a spirit of advocacy and building capacity in five key focus areas: Education; Community Development; Environment; Arts and Public Spaces; and Knowledge. Collectively and collaboratively, Hasanah hopes to shift the needle of social and community reform for Malaysians, towards Advancing Malaysia. For further information, please visit www.yayasanhasanah.org.

Source : Strategic Communications, Yayasan Hasanah

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Hannis Hisham
Manager, Strategic COmmunications
Tel: +60 19-243 3121
Email: hannis.hisham@hasanah.org.my

--BERNAMA

KFSH&RC, KAUST RESEARCHERS IDENTIFY GENE ESSENTIAL IN COMBATING MALARIA

KUALA LUMPUR, Feb 6 (Bernama) -- Research team from King Faisal Specialist Hospital and Research Centre (KFSH&RC), has discovered a vital gene instrumental in combating malaria, in a major scientific breakthrough.

The research was in collaboration with King Abdullah University of Science and Technology (KAUST), working alongside researchers from the United Kingdom, the United States and India.

KFSH&RC in a statement said this gene, termed PfAP2-MRP, is essential in the replication process of Plasmodium falciparum, the parasite that causes the most lethal strain of malaria.

Advanced laboratory techniques enabled the researchers to inhibit the PfAP2-MRP gene, revealing its critical role in the malaria parasite’s life cycle within red blood cells.

This inhibition significantly disrupts the parasite’s ability to reproduce, reducing the severity of the disease’s symptoms and curbing its spread, whereby this discovery is particularly impactful as it addresses Plasmodium falciparum malaria, which claims over half a million lives annually.

KFSH&RC-Jeddah Chairman of the Department of Pathology and Laboratory Medicine and the lead researcher, Dr Ashraf Dada said: "This discovery paves the way for the development of more effective treatments for the deadliest malaria strain, Plasmodium falciparum."

In addition, this study enhances the scientific community’s understanding of the disease’s progression and its interaction with the human immune system, thereby strengthening efforts to combat this widespread malaria parasite prevalent in Africa.

The research demonstrated that the PfAP2-MRP gene regulates the production of genetically diverse protein receptors, allowing the parasite to evade the host’s immune system.

Published in the prestigious journal "Nature", this study is part of a close collaboration between KFSH&RC and KAUST to engage in innovative research activities aimed at improving the diagnosis of microbes, bacteria, and parasites, while also underscores a global effort to combat pathogens and improve human health.

-- BERNAMA

MUNDO VERDE CLIMATE PIONEERS GLOBAL VOLUNTARY CARBON MARKET TRANSACTION

KUALA LUMPUR, Feb 6 (Bernama) -- Mundo Verde Climate, a global player in climate finance and climate change risk management advisory, has announced its pivotal role in one of the most significant transactions of 2023 within the global voluntary carbon market.

In a significant stride towards achieving this goal, the company has entered into a strategic arrangement with Biotrend Enerji, the most prominent player in the Turkish integrated waste management, waste-to-energy and circular plastics market.

Mundo Verde Climate Managing Partner, Gediz Kaya said this collaboration exemplifies its dedication to fostering international cooperation and collaboration of key industries in pricing carbon so that it can mobilise finance in the fight against climate change.

“By joining forces with Biotrend, we aim to catalyse transformative change and encourage companies in the energy sector, and other industries, to adopt a sustainable approach to managing their emissions," she said in a statement.

Hence, this collaboration marks a milestone in the pursuit of mobilising finance towards new climate change mitigation technologies and the deal promises to impact the global voluntary carbon market substantially.

Mundo Verde Climate took an instrumental role in developing the voluntary carbon units from Biotrend’s waste to energy activities through a certification and verification process under VERRA, the world's biggest certifier of voluntary carbon offsets.

The transaction, covering over 2.4 million tonnes of carbon dioxide in total, refers to voluntary carbon credits for release on the international market. Companies can acquire the credits to offset their emissions from unrelated activities.

In addition, both companies also hope that the initiative will provide much-needed carbon credits to satisfy demand in the voluntary offsetting market and inspire others to advance their projects and stimulate the market.

Mundo Verde Climate, dedicated to forging a sustainable future for generations, continues to champion green technologies and nature-based solutions in the race to Net Zero.

-- BERNAMA

Cargill Edible Oils Meet WHO Policy On Eliminating Industrially Produced Trans Fats

KUALA LUMPUR, Feb 2 (Bernama) -- Cargill has announced that the company’s fats and oils comply with the World Health Organization’s (WHO) recommended maximum tolerance level for industrially produced trans-fatty acids (iTFA) in fats and oils.

According to Cargill in a statement, it is the first global supplier whose entire worldwide edible oils portfolio meets the WHO’s best practice standard on iTFAs, limiting iTFA content to no more than two grammes (g) per 100 g of fats/oils, including in countries where there is currently no legislative mandate.

While Cargill announced its commitment to removing iTFAs from its fats and oils portfolio in December 2021, the milestone reflects decades of work.

Cargill vice president for edible oils and managing director for North America, Natasha Orlova said the company has met its commitment and helped fulfil its purpose by nourishing the world in a safe, responsible and sustainable way.

“Taking this industry-leading step, even in countries without current iTFA legislation, helps ensure consistency in their supply chain for larger food manufacturers, while offering Cargill’s breadth of innovation and experience to smaller manufacturers.

“We have proven it is not only feasible to meet the iTFA recommendations while being mindful of saturated fat levels, but it can also be done without discernibly changing the taste or texture of consumers’ favourite foods. We call upon other industry players to follow our lead and remove iTFAs from all their products, too,” she said.

In the past two years, Cargill has invested an additional US$8.5 million to upgrade facilities to reduce the amount of transfat produced during oil processing, while working closely with more than 100 additional customers in two dozen countries to reformulate new product solutions that meet their needs. (US$1=RM4.72)

To ensure compliance, Cargill has added iTFAs to its larger food safety and quality assurance programme, in which this includes multiple layers of monitoring, compliance and auditing.

Cargill has also taken steps to help advance industry-wide reformulation during the past two years, and among its actions, in Malaysia and Mexico, the company interacted with industry, academic and government stakeholders to raise awareness of WHO best practices, while sharing experiences and expertise in iTFA reformulation.

-- BERNAMA

Tsuno Group Awaits Patent Approval For New Sunscreen Formulation

KUALA LUMPUR, Jan 31 (Bernama) -- Tsuno Group Co Ltd and Matsumoto Trading Co Ltd have successfully developed a new sunscreen formulation with Ferulic Acid, a rare natural plant-derived Ultraviolet (UV) absorber that has been difficult in stability and solubility at the high concentrations of ferulic acid.

In a statement, Tsuno Group said the group was the first in the world to successfully produce large amounts of ferulic acid, a polyphenol, from rice bran, as the acid possesses strong antioxidant properties and has been recognised for its potential to prevent Alzheimer's disease, diabetes mellitus, and high cholesterol.

The group President, Fumi Tsuno said: “Now we have launched a technology of using ferulic acid from rice bran as a natural antioxidant and UV absorber, which is the first innovation ever in the world.

“We are confident that you shall discover this product as unique and impactful to contribute not only to human health and beauty but the circular economy for the world.”

Ferulic acid, a naturally derived sunscreen ingredient from rice, absorbs UV rays in a similar range of the spectrum as octyl methoxycinnamate (OMC), in which this promising characteristic makes it a potential eco-friendly alternative to ethylhexyl methoxycinnamate (EHMC), a petrochemical UV filter.

Amidst growing global concerns about environmental sustainability, ferulic acid's potential as a natural and effective sunscreen ingredient is likely to gain increased recognition. It holds significant potential for application in a wide range of cosmetic products throughout Japan.

Gaining recognition for its UV-absorbing properties, ferulic acid, a rare natural plant-derived ingredient, presents challenges in solubility and stability at the high concentrations for sunscreen formulations.

To overcome these hurdles, Matsumoto Trading has dedicated research and development, pioneering an innovative technology utilising a high concentration of ferulic acid in a solid stick formulation, whereby this novel formulation has been developed with SPF50+ and PA++ (in vitro).

This unique formulation eliminates the need for other commonly used UV protective ingredients, while maintaining high sun protection effectiveness, with its patent application pending for approval.

-- BERNAMA