VICTORIA, Seychelles, April 8 (Bernama-GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, has published an open letter by its Chief Legal Officer, Hon Ng, which highlights the exchange's efforts in global regulatory compliance and expansion. The CEX continues to grow in the global crypto market by securing regulatory approvals and expanding its operations. With a strong focus on compliance, Bitget is navigating evolving regulatory landscapes with over eight licenses obtained while ensuring that users have access to a secure and transparent trading environment.
Hon Ng, Chief Legal Officer at Bitget, has addressed the company’s strategic direction in an open letter, providing plans to grow Bitget’s regulatory standing across multiple jurisdictions. His statements show the importance of regulatory dialogues and highlight upcoming initiatives that will shape the platform’s future.
“The regulatory environment surrounding digital assets is becoming more defined, and Bitget is taking proactive steps to work alongside authorities to ensure responsible growth. Compliance is not an obligation it's a necessity; it's about setting a standard for the industry and building a sustainable ecosystem for users,” said Hon Ng, Chief Legal Officer at Bitget.
Bitget has already secured registrations and approvals in several key markets, including Australia, Italy, Poland, Lithuania, the UK, the Czech Republic, and El Salvador. These achievements align with the company’s strategy of working within legal frameworks and supporting initiatives that promote advanced security and user protection. The legal and compliance teams are working closely to obtain additional licenses in jurisdictions that will further enhance the platform’s accessibility and credibility.
One of the primary objectives for the upcoming year is to refine the company’s compliance protocols. A strong Know Your Customer (KYC) process is being implemented to optimize user verification while adhering to anti-money laundering and counter-terrorism financing regulations. In parallel, Bitget is investing in advanced transaction monitoring tools to detect and prevent illicit activity, ensuring that all operations adhere to the highest standards of financial integrity.
Collaboration with regulators and law enforcement agencies remains a key aspect of Bitget’s compliance efforts. The company has established direct communication channels with authorities to facilitate transparent reporting and improve response times in cases of suspicious activity. By adopting new technological solutions, Bitget aims to enhance global cooperation while safeguarding user privacy.
In addition to regulatory advancements, Bitget is focused on introducing innovative products that align with compliance requirements. Bitget is already building even stronger user protection, risk management features, and enhanced security measures that strengthen the platform's durability and credibility. This is in line with the company's targets of maintaining a secure, compliant, and user-centric trading platform.
As part of its commitment to responsible operations, Bitget strictly adheres to international sanctions controls. Users from restricted regions are prohibited from accessing the platform, ensuring that all activities remain within legal boundaries. A dedicated compliance team continuously monitors global regulatory developments to adjust policies as needed.
Bitget’s legal and compliance strategy is designed to adapt to the rapidly changing digital asset landscape. With regulatory discussions evolving worldwide, the company is prepared to adjust its framework to align with new policies and emerging industry standards. The legal team remains engaged in conversations with policymakers to contribute to the responsible development of crypto regulations.
“Compliance is a continuous process that requires foresight and collaboration. Our goal here is simple: we comply, expand, operate, and grow. Our focus remains on making crypto accessible to everyone globally, and each license and approval is a step closer to it,” added Ng.
Bitget’s ongoing expansion and compliance efforts reaffirm its role as a leading player in the crypto market. By staying ahead of regulatory changes and implementing rigorous security measures, the company indeed plans to keep its title of being one of the top most trusted crypto exchanges globally.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.
Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3ce89060-7391-4f7b-8779-f290efb24dc4
SOURCE: Bitget Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Tuesday, April 8, 2025
PETRONAS GAS BERHAD CONTINUES CONTRIBUTION OF AID TO COMMUNITIES AFFECTED BY PUTRA HEIGHTS INCIDENT
KUALA LUMPUR, April 8 (Bernama) -- PETRONAS Gas Berhad (PGB) is unwavering in its commitment to provide meaningful support to the individuals and families affected by the recent gas pipeline fire near Putra Heights, Subang Jaya as parts of its efforts to alleviate the challenges faced by the community.
Following the incident, PGB activated its crisis and emergency response teams and swiftly mobilised resources, including volunteers from amongst its employees who were some of the first to assist the Jabatan Kebajikan Masyarakat (JKM) at the Pusat Pemindahan Sementara (PPS). These relief centres were established to provide safe, interim shelter for individuals and families who were relocated from their homes.
From Day-1 to date, over 100 staff have volunteered to manage the food distribution at the PPS. PGB also provides approximately 1,000 packs of food daily for those impacted at the relief centres and frontliners on-site.
Prioritising safety and the well-being of the affected communities, PGB has voluntarily been working closely with identified hospitals and Kementerian Kesihatan Malaysia (KKM) to facilitate the medical needs of the victims receiving emergency treatment. PGB is also collaborating with the Federal and State governments in channelling aid to ease the burden of those impacted by the incident.
PGB is also working with Jabatan Pengurusan Bencana Negeri (JPBN) on further assistance such as transit housing post-PPS for those needing longer-term accommodation. For the affected communities facing total or partial loss to their properties, PGB, in collaboration with Prihatin Selangor, has distributed more than RM 700,000 in monetary aid. Each household will receive either RM 5,000 or RM 2,500, depending on the extent of their property loss.
Other PETRONAS Group entities, namely PETRONAS Dagangan Berhad and Yayasan PETRONAS also contributed care packs containing supplies to meet the general needs of the displaced individuals and families.
PGB is committed in supporting the government towards community rebuilding initiatives, while cooperating fully with relevant authorities to determine the cause of the incident. Its top priorities remain ensuring public safety, and that of its operations while maintaining the nation’s gas supply security.
About PETRONAS Gas Berhad
PETRONAS Gas Berhad (PGB) is the leading gas infrastructure and utilities company with PETRONAS Group holding 51% of its equity. Incorporated in 1983 and listed on the Main Board of Bursa Malaysia on 4 September 1995, PGB operates four integrated businesses, which are gas processing, transportation, regasification and utilities.
Our strategically located assets and strong operational performance ensures safe and reliable supply of products and services throughout Malaysia and Singapore. With over 30 years of experience in gas and utilities infrastructure operations, PGB steps up to pursue growth opportunities in domestic and emerging market as part of our integrated gas solutions.
PGB is a constituent company member of FTSE4Good Index Series, showing the Company's commitment to operate in a responsible manner in the environmental, social and governance (ESG) fronts.
Further details on PGB can be found at www.petronas.com/pgb
Issued by:
PETRONAS Gas Berhad
SOURCE: PETRONAS Gas Berhad
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Florence Oh
Tel: +012 3081 092
Email: florence.oh@petronas.com
Name: Faris Fahmi
Tel: +6012 7717 857
Email: faris.mohd@petronas.com
--BERNAMA
Following the incident, PGB activated its crisis and emergency response teams and swiftly mobilised resources, including volunteers from amongst its employees who were some of the first to assist the Jabatan Kebajikan Masyarakat (JKM) at the Pusat Pemindahan Sementara (PPS). These relief centres were established to provide safe, interim shelter for individuals and families who were relocated from their homes.
From Day-1 to date, over 100 staff have volunteered to manage the food distribution at the PPS. PGB also provides approximately 1,000 packs of food daily for those impacted at the relief centres and frontliners on-site.
Prioritising safety and the well-being of the affected communities, PGB has voluntarily been working closely with identified hospitals and Kementerian Kesihatan Malaysia (KKM) to facilitate the medical needs of the victims receiving emergency treatment. PGB is also collaborating with the Federal and State governments in channelling aid to ease the burden of those impacted by the incident.
PGB is also working with Jabatan Pengurusan Bencana Negeri (JPBN) on further assistance such as transit housing post-PPS for those needing longer-term accommodation. For the affected communities facing total or partial loss to their properties, PGB, in collaboration with Prihatin Selangor, has distributed more than RM 700,000 in monetary aid. Each household will receive either RM 5,000 or RM 2,500, depending on the extent of their property loss.
Other PETRONAS Group entities, namely PETRONAS Dagangan Berhad and Yayasan PETRONAS also contributed care packs containing supplies to meet the general needs of the displaced individuals and families.
PGB is committed in supporting the government towards community rebuilding initiatives, while cooperating fully with relevant authorities to determine the cause of the incident. Its top priorities remain ensuring public safety, and that of its operations while maintaining the nation’s gas supply security.
About PETRONAS Gas Berhad
PETRONAS Gas Berhad (PGB) is the leading gas infrastructure and utilities company with PETRONAS Group holding 51% of its equity. Incorporated in 1983 and listed on the Main Board of Bursa Malaysia on 4 September 1995, PGB operates four integrated businesses, which are gas processing, transportation, regasification and utilities.
Our strategically located assets and strong operational performance ensures safe and reliable supply of products and services throughout Malaysia and Singapore. With over 30 years of experience in gas and utilities infrastructure operations, PGB steps up to pursue growth opportunities in domestic and emerging market as part of our integrated gas solutions.
PGB is a constituent company member of FTSE4Good Index Series, showing the Company's commitment to operate in a responsible manner in the environmental, social and governance (ESG) fronts.
Further details on PGB can be found at www.petronas.com/pgb
Issued by:
PETRONAS Gas Berhad
SOURCE: PETRONAS Gas Berhad
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Florence Oh
Tel: +012 3081 092
Email: florence.oh@petronas.com
Name: Faris Fahmi
Tel: +6012 7717 857
Email: faris.mohd@petronas.com
--BERNAMA
Monday, April 7, 2025
GRADIANT'S FOREVERGONE WINS GOLD AT 2025 EDISON AWARDS FOR PFAS SOLUTION
 |
| Gradiant’s Anurag Bajpayee, Steven Lam, Katie Dobbins, and Mark Danchak receive 2025 Edison Gold Award |
KUALA LUMPUR, April 7 (Bernama) -- Gradiant, a global leader in advanced water and wastewater treatment, has announced that its ForeverGone solution received the prestigious Gold Award at the 2025 Edison Awards.
This recognition highlights Gradiant’s leadership in sustainability and technological innovation, reinforcing its commitment to addressing per- and polyfluoroalkyl substances (PFAS) contamination, one of the world’s most pressing environmental challenges.
“ForeverGone finally provides a true end-to-end solution — one that concentrates and destroys PFAS at the source, ensuring these harmful chemicals are removed from nature permanently.
“This recognition from the Edison Awards affirms the transformative impact of our technology and our mission to deliver clean water solutions at a global scale,” said Gradiant chief executive officer, Anurag Bajpayee in a statement.
PFAS, commonly referred to as "forever chemicals", are durable synthetic substances found in water sources from industrial, municipal, and landfill activities. These chemicals are associated with serious health concerns, including cancer, immune disorders, and developmental issues, making PFAS a critical public health threat worldwide.
Gradiant’s ForeverGone is the industry’s first integrated solution that not only removes PFAS from contaminated water sources but also permanently destroys them on-site, without the risk of releasing toxic chemicals back into the environment.
The 2025 Edison Awards, announced on April 3 in Fort Myers, Florida, are now in their 38th year, celebrating excellence in new product and service development, marketing, design, and innovation. Finalists are selected by a peer-related voting body made up of top global executives, academics, and innovation leaders.
The ForeverGone technology pairs Micro-Foam Fractionation and Destruction Engine to concentrate PFAS into a micro-foam and destroy it using electro-oxidation, producing water that complies with or exceeds the latest United States Environmental Protection Agency (US EPA) drinking water standards.
This integrated approach enhances simplicity, efficiency, and sustainability, setting new standards for PFAS removal at a reduced overall cost.
Gradiant is rapidly deploying ForeverGone across industries including semiconductors, food and beverage, mining, and major municipalities, ensuring PFAS remediation becomes more accessible to communities worldwide.
-- BERNAMA
NIQ LAUNCHES AI-POWERED PLATFORM TO REVOLUTIONISE GLOBAL DISTRIBUTION INSIGHTS
KUALA LUMPUR, April 7 (Bernama) -- NielsenIQ (NIQ) has announced the global launch of gfknewron Supply Chain, an artificial intelligence (AI)-enabled platform providing distributor sales data to assist Tech & Durables clients in managing their distribution and channel business.
According to NIQ in a statement, the tool, introduced on its advanced gfknewron platform, offers manufacturers, distributors, suppliers, and retailers a comprehensive view of the global supply chain, enabling them to adapt quickly to market changes and make data-driven decisions.
NIQ Head of Distribution and Supply Chain Intelligence, Tatjana Wismeth highlighted that this integration of global distribution intelligence with existing market intelligence, consumer insights, and forecasting features marks a significant step forward in helping clients achieve business success.
She emphasised the unique achievement of integrating these complex datasets into a single platform.
gfknewron Supply Chain provides in-depth sell-through data based on distributor sales from around 300 distributors across over 45 global markets, covering 200 product groups in information technology, consumer electronics, office equipment, telecom, and small domestic appliances. The data is updated weekly and reports on 24 individual sales channels, offering a detailed view of market dynamics.
The tool was developed in collaboration with the Global Technology Distribution Council (GTDC) and its members, enabling users to analyse distributor sales data with flexibility. GTDC EMEA General Manager, Peter van den Berg expressed excitement about the tool’s potential to simplify distribution intelligence, improve efficiency, and enhance sell-through market data analytics.
Users can seamlessly switch between different modules to track growth drivers, sales channel trends, price developments, and top-selling items at the stock-keeping unit level. The platform also enhances collaboration by allowing teams to combine and share analytics across markets.
With the addition of point-of-sale information, consumer insights, and NIQ’s forecasting module, the tool offers a holistic view of market trends, helping businesses optimise pricing strategies and improve sales management.
-- BERNAMA
According to NIQ in a statement, the tool, introduced on its advanced gfknewron platform, offers manufacturers, distributors, suppliers, and retailers a comprehensive view of the global supply chain, enabling them to adapt quickly to market changes and make data-driven decisions.
NIQ Head of Distribution and Supply Chain Intelligence, Tatjana Wismeth highlighted that this integration of global distribution intelligence with existing market intelligence, consumer insights, and forecasting features marks a significant step forward in helping clients achieve business success.
She emphasised the unique achievement of integrating these complex datasets into a single platform.
gfknewron Supply Chain provides in-depth sell-through data based on distributor sales from around 300 distributors across over 45 global markets, covering 200 product groups in information technology, consumer electronics, office equipment, telecom, and small domestic appliances. The data is updated weekly and reports on 24 individual sales channels, offering a detailed view of market dynamics.
The tool was developed in collaboration with the Global Technology Distribution Council (GTDC) and its members, enabling users to analyse distributor sales data with flexibility. GTDC EMEA General Manager, Peter van den Berg expressed excitement about the tool’s potential to simplify distribution intelligence, improve efficiency, and enhance sell-through market data analytics.
Users can seamlessly switch between different modules to track growth drivers, sales channel trends, price developments, and top-selling items at the stock-keeping unit level. The platform also enhances collaboration by allowing teams to combine and share analytics across markets.
With the addition of point-of-sale information, consumer insights, and NIQ’s forecasting module, the tool offers a holistic view of market trends, helping businesses optimise pricing strategies and improve sales management.
-- BERNAMA
TRINITY GROUP UNVEILS TRINITY SENSORIA 'BELI & MENANG' CAMPAIGN
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| Trinity Sensoria redefines urban living with a five-tier protection system, setting a new benchmark for wellness and safety in modern spaces. |
Win Prizes Worth Up to RM3 Million!
KUALA LUMPUR, 7 April (Bernama) -- Trinity Group, a leading property developer, has launched its 'Beli & Menang' Campaign to thank homebuyers for their continued support and make homeownership even more rewarding.
Running from 1 April to 30 June 2025, the campaign offers new homeowners at Trinity Sensoria the chance to win exclusive prizes worth up to RM3 million. It also helps alleviate the financial burden of furnishing their new dream homes.
Dato’ Neoh Soo Keat, Founder and Managing Director of Trinity Group Sdn Bhd said, “At Trinity Sensoria, we believe a home is a sanctuary, not just a place to live. Through Trinity’s ‘Beli & Menang’ Campaign, we’re not only providing high-quality homes but also enriching the living experience by easing the financial burden of furnishing. We want our homeowners to settle in with ease, enjoy their space from day one, and celebrate their new journey with the chance to win furnishing prizes.”
Exclusive Prizes Worth RM3 Million
Homebuyers who purchase a unit at Trinity Sensoria between April and June 2025 will automatically be entered into the lucky draw. The prize pool includes premium items such as:
• HABIB Gold Bars
• Bosch Oven with Microwave
• Gintell Massage Chair
• LG Refrigerator
• Recliner Sofa
• 65-inch Sony TV
• Robot Vacuum Cleaner
• Dyson Air Purifier
• Cash Prizes
A Rewarding Living Experience
Trinity Sensoria, located in Beverly Heights, Ampang North, offers a perfect blend of comfort, security, and style. Launched in November 2024, the development features a Five-Tier Protection System that integrates contactless technology, wellness-oriented design, and physical, social, and mental wellness amenities.
The development also boasts exceptional facilities, including an infinity pool, pickleball courts, a mini futsal court, an edible garden, an outdoor cinema, Himalayan salt sauna, hydrotherapy pods, a gym, a multi-purpose hall, and a spa villa. These features create a peaceful environment surrounded by lush greenery.
Homeowners also benefit from the Trinity Gold Assurance Programme, offering extended warranties and superior after-sales support. This initiative ensures high-quality living while providing lasting value, reinforcing Trinity Group’s commitment to long-term investment and security.
Your Dream Home Awaits
Trinity Sensoria, slated for completion in 2028, is by Trinity Group, a recognised leader in delivering exceptional residential properties.
Don’t miss the chance to own a home at Trinity Sensoria and enter the ‘Beli & Menang’ Campaign for a chance to win amazing prizes.
Visit the Trinity Sensoria Sales Gallery in Ampang for more details or register your interest via WhatsApp at +60 3-8084 0808. For more information, visit www.sensoria.com.my or follow Trinity Group on social media.
SOURCE: Trinity Group Sdn Bhd
FOR MORE INFORMATION, PLEASE CONTACT:
Media Contact:
Name: Rayeon Lee
Senior Executive Public Relations
Email: rayeon@trinitygroup.com.my
--BERNAMA
Generali Malaysia emphasises the importance of comprehensive protection following Putra Heights Gas Pipeline Fire Incident
KUALA LUMPUR, April 7 (Bernama) -- The recent gas pipeline fire incident in Putra Heights, Subang Jaya has caused widespread disruption to over 200 properties and close to 400 vehicles.
Generali Malaysia recognises the emotional and financial toll that the tragic event has brought to individuals, families, and business owners and stands ready to support impacted policyholders throughout this ordeal.
As a gesture of goodwill, vehicle owners whose vehicles have been impacted by the Putra Heights explosion incident will get to retain their No Claim Discount (NCD) under Generali’s Private Car Comprehensive insurance.
To provide prompt support to impacted policyholders, Generali Malaysia had also set up an on-site support booth at Masjid Putra Heights from 3rd April 2025 until 6th April 2025. The mobile team and adjusters were on site to guide impacted policyholders through their home and motor claims and offer necessary support.
As part of the company’s commitment to assist impacted policyholders with expedited and easy claims process, Generali Malaysia has also waived the requirement for police and fire incident (Bomba) reports to ease the claims process. All eligible policyholders impacted by the Putra Heights gas pipeline fire incident can submit their claims via 1300 13 2121 / +603 3007 2121 or email customer.service.gi@generali.com.my.
Fabrice Benard, CEO of Generali Insurance Malaysia Berhad, highlights the importance of comprehensive motor and home insurance coverage to mitigate the financial burden and facilitate swift recovery. He said, “It only takes one incident to cause significant financial loss. The role of insurance is to safeguard people from unforeseen events and is not just a ‘good to have’. It is important to regularly review our coverage and protection needs to ensure that we are adequately protected and have peace of mind.”
Many homeowners insure only their homes against fire and other perils because it is a compulsory requirement under their housing loan. Properties with strata titles such as flats, apartments, and condominiums are usually insured under a master fire policy by Joint Management Bodies or Management Corporations. However, many are unaware that this only covers the building or common areas, and not the home contents or belongings. Hence, it is recommended to purchase home contents coverage to protect belongings and valuables against any unprecedented peril. Additionally, it is also crucial to have comprehensive motor insurance coverage and other relevant add-ons to better protect vehicles from any unexpected damage.
For more information, please visit Generali Malaysia’s official Facebook or Instagram page.
SOURCE: Generali Insurance Malaysia Berhad
FOR MORE INFORMATION, PLEASE CONTACT:
Media Relations
Name: Sheena Ho
Email : sheena.ho@generali.com.my
Name: Samantha David
Email: samantha.david@generali.com.my
--BERNAMA
Generali Malaysia recognises the emotional and financial toll that the tragic event has brought to individuals, families, and business owners and stands ready to support impacted policyholders throughout this ordeal.
As a gesture of goodwill, vehicle owners whose vehicles have been impacted by the Putra Heights explosion incident will get to retain their No Claim Discount (NCD) under Generali’s Private Car Comprehensive insurance.
To provide prompt support to impacted policyholders, Generali Malaysia had also set up an on-site support booth at Masjid Putra Heights from 3rd April 2025 until 6th April 2025. The mobile team and adjusters were on site to guide impacted policyholders through their home and motor claims and offer necessary support.
As part of the company’s commitment to assist impacted policyholders with expedited and easy claims process, Generali Malaysia has also waived the requirement for police and fire incident (Bomba) reports to ease the claims process. All eligible policyholders impacted by the Putra Heights gas pipeline fire incident can submit their claims via 1300 13 2121 / +603 3007 2121 or email customer.service.gi@generali.com.my.
Fabrice Benard, CEO of Generali Insurance Malaysia Berhad, highlights the importance of comprehensive motor and home insurance coverage to mitigate the financial burden and facilitate swift recovery. He said, “It only takes one incident to cause significant financial loss. The role of insurance is to safeguard people from unforeseen events and is not just a ‘good to have’. It is important to regularly review our coverage and protection needs to ensure that we are adequately protected and have peace of mind.”
Many homeowners insure only their homes against fire and other perils because it is a compulsory requirement under their housing loan. Properties with strata titles such as flats, apartments, and condominiums are usually insured under a master fire policy by Joint Management Bodies or Management Corporations. However, many are unaware that this only covers the building or common areas, and not the home contents or belongings. Hence, it is recommended to purchase home contents coverage to protect belongings and valuables against any unprecedented peril. Additionally, it is also crucial to have comprehensive motor insurance coverage and other relevant add-ons to better protect vehicles from any unexpected damage.
For more information, please visit Generali Malaysia’s official Facebook or Instagram page.
SOURCE: Generali Insurance Malaysia Berhad
FOR MORE INFORMATION, PLEASE CONTACT:
Media Relations
Name: Sheena Ho
Email : sheena.ho@generali.com.my
Name: Samantha David
Email: samantha.david@generali.com.my
--BERNAMA
Friday, March 28, 2025
CONSUMERS BUYING MORE PRIVATE LABEL PRODUCTS THAN BRANDED, NIQ REPORT REVEALS
KUALA LUMPUR, March 28 (Bernama) -- NielsenIQ (NIQ), a consumer intelligence company, in its global report has revealed challenges and opportunities for private label and branded product growth, with 53 per cent of consumers increasingly purchasing more private label products.
Simultaneously, the top 10 global brands also experienced a resurgence in global sales momentum in 2024, suggesting that retailers and consumer packaged goods (CPG) manufacturers will continue to compete for consumer attention on the shelves of large and small grocery stores and retailers alike.
In a statement, NIQ Chief Communications Officer and Head of Global Marketing COE, Marta Cyhan-Bowles emphasised that the report underscores the importance of collaboration between manufacturers and retailers to drive the next wave of CPG growth and effectively engage with consumers’ shifting preferences.
NIQ’s latest report, Finding Harmony on the Shelf: 2025 Global Outlook on Private Label & Branded Products, offers an in-depth analysis of the evolving global consumer attitudes towards private label and branded products, catalysts driving these trends globally and regionally, and important insights retailers and CPG manufacturers can keep in mind to strategically reach consumers within a fast-moving macroeconomic environment.
Key trends driving growth of both private label and branded products include a growing positive perception of private label products, with 68 per cent of respondents viewing them as good alternatives to name brands, and 69 per cent acknowledging their value.
In addition, 60 per cent of consumers would buy more private label products if a larger variety were available, and more than half of consumers (54 per cent), especially Millennials (61 per cent) and Gen Z (58 per cent), are willing to upgrade to premium-brand products.
The positive consumer sentiment is supported by impressive worldwide sales data, with NIQ Retail Measurement Services reporting a 4.8 per cent increase in sales for the top 10 global brands, slightly surpassing the 4.3 per cent annual sales growth of private labels.
To harmonise success between private label and branded products, retailers and manufacturers are encouraged to consider strategies such as leveraging the brand halo effect for private labels, where proximity to premium brands enhances their appeal, and using price anchoring to encourage consumers to try new or comparable products.
Meanwhile, for branded products, increasing traffic through retailer endorsements and market expansion in categories like ready-to-drink coffee and snack bars can create opportunities for all brands.
The report's global survey was conducted between December 2024 and January 2025, polling over 17,000 online consumers in 25 countries throughout Asia Pacific, Europe, Latin America, the Middle East & Africa, and North America. It provides valuable insights for retailers and manufacturers seeking to navigate the competitive and symbiotic dynamics of private label and branded products.
-- BERNAMA
Simultaneously, the top 10 global brands also experienced a resurgence in global sales momentum in 2024, suggesting that retailers and consumer packaged goods (CPG) manufacturers will continue to compete for consumer attention on the shelves of large and small grocery stores and retailers alike.
In a statement, NIQ Chief Communications Officer and Head of Global Marketing COE, Marta Cyhan-Bowles emphasised that the report underscores the importance of collaboration between manufacturers and retailers to drive the next wave of CPG growth and effectively engage with consumers’ shifting preferences.
NIQ’s latest report, Finding Harmony on the Shelf: 2025 Global Outlook on Private Label & Branded Products, offers an in-depth analysis of the evolving global consumer attitudes towards private label and branded products, catalysts driving these trends globally and regionally, and important insights retailers and CPG manufacturers can keep in mind to strategically reach consumers within a fast-moving macroeconomic environment.
Key trends driving growth of both private label and branded products include a growing positive perception of private label products, with 68 per cent of respondents viewing them as good alternatives to name brands, and 69 per cent acknowledging their value.
In addition, 60 per cent of consumers would buy more private label products if a larger variety were available, and more than half of consumers (54 per cent), especially Millennials (61 per cent) and Gen Z (58 per cent), are willing to upgrade to premium-brand products.
The positive consumer sentiment is supported by impressive worldwide sales data, with NIQ Retail Measurement Services reporting a 4.8 per cent increase in sales for the top 10 global brands, slightly surpassing the 4.3 per cent annual sales growth of private labels.
To harmonise success between private label and branded products, retailers and manufacturers are encouraged to consider strategies such as leveraging the brand halo effect for private labels, where proximity to premium brands enhances their appeal, and using price anchoring to encourage consumers to try new or comparable products.
Meanwhile, for branded products, increasing traffic through retailer endorsements and market expansion in categories like ready-to-drink coffee and snack bars can create opportunities for all brands.
The report's global survey was conducted between December 2024 and January 2025, polling over 17,000 online consumers in 25 countries throughout Asia Pacific, Europe, Latin America, the Middle East & Africa, and North America. It provides valuable insights for retailers and manufacturers seeking to navigate the competitive and symbiotic dynamics of private label and branded products.
-- BERNAMA
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