UOB Malaysia and PAAB launch Vendor Financing Programme to strengthen water infrastructure supply chain

(From left to right): Mr Atish Rahman, Head of Financial Institutions Group, UOB Malaysia, Mr Lucas Chew, Country Head of Transaction Banking, UOB Malaysia, Mr Andy Cheah, Country Head of Wholesale Banking, UOB Malaysia, Puan Zaleha Abdul Hamid, Chief Financial Officer, Pengurusan Aset Air Berhad (PAAB), Ir. Abdul Samad Sulaiman, Chief Operating Officer, PAAB, at the launch of the Vendor Financing Programme (VFP) between UOB Malaysia and PAAB.

KUALA LUMPUR, Malaysia, April 6 (Bernama) -- UOB Malaysia and Pengurusan Aset Air Berhad (PAAB), a wholly owned company of the Minister of Finance (Incorporated), today launched the UOB-PAAB Vendor Financing Programme (the Programme), aimed at improving financing access for suppliers and vendors across PAAB’s supply chain ecosystem. In line with the launch of the Programme, the Bank is providing financing for PAAB’s vendors participating in the Supplier-Financing Irrevocable Payment Undertaking (SF-IPU) facility.

Under the Programme, vendors who are mostly SMEs, are better positioned to secure financing, supporting their appointment to new projects. It also offers a simplified post‑shipment financing facility. Anchored on PAAB’s project payment undertaking, the Programme offers competitive, non‑recourse funding to help vendors better manage their cash flow, reduce financial constrain and maintain operational continuity.

Mr Lucas Chew, Country Head of Transaction Banking, UOB Malaysia, said, “The launch of the Vendor Financing Programme with PAAB reflects UOB Malaysia’s commitment to uplift the country’s water infrastructure ecosystem and support the suppliers and vendors who are central to delivering national water projects.

“By offering predictable, non‑recourse financing and digitising key supply chain processes, we are helping vendors manage cash flow more efficiently, shorten processing cycles and improve overall operational readiness. This will lead to faster execution, stronger supply chain resilience and a healthier ecosystem that can better support the long‑term development of Malaysia’s water infrastructure.”

Malaysia continues to prioritise the expansion and upgrading of national water infrastructure, with more than 700 water related projects rolled out under recent development plans. Reliable access to working capital and efficient financing are essential for vendors to operate smoothly, meet project timelines and support sector wide growth.

The launch of the Programme is timely as it strengthens project delivery, enhances supply chain readiness and contributes to the Government’s broader efforts under the Ministry of Energy Transition and Water Transformation (PETRA) to improve efficiency, quality and long-term sustainability within the water services industry.

Puan Zaleha Abdul Hamid, Chief Financial Officer, PAAB, said “the Programme directly strengthens PAAB’s project execution capabilities by improving the financial readiness of its vendors. We are proud to partner with UOB Malaysia on this programme, that helps our contractors, consultants and suppliers manage cash flow, handle rising costs and plan their work with greater financial certainty. The Programme enables our vendors to deliver more reliably, contributing to smoother project execution nationwide. This initiative aligns with PAAB’s commitment to providing sustainable, efficient and high quality water infrastructure for the communities we serve.”

The launch marks a key milestone in the partnership between UOB Malaysia and PAAB, reinforcing their shared commitment to supporting Malaysia’s water sector through financial innovation, operational efficiency, and ecosystem development.

SOURCE: UOB Malaysia

FOR MORE INFORMATION PLEASE CONTACT:
UOB Malaysia
Name: Averlyn Lim
Brand, Media and Communications
Tel: 018-2299 168
Email:averlyn.limsl@uob.com.my

Name: Nizam Arop
Brand, Media and Communications
Tel: 603- 2638 6304/ 6017-333 6329
Email: nizam.arop@uob.com.my

Pengurusan Aset Air Berhad
Name: Rozaifee Abu Zaharim
Head of Corporate Services Division
Tel: +60 12 329 4769
Email: rozaifee@paab.my

--BERNAMA

Axi Select Marks Major Milestone as Fourth Asia-Based Trader Achieves Pro M Status and $1M Funded Account

 

SYDNEY, April 3 (Bernama-GLOBE NEWSWIRE) -- Global online trading provider Axi today announced a new milestone for its funded trader program, Axi Select, celebrating the achievement of Ms. Wang Linyan, who has become the fourth trader from Asia to reach the program’s highest-tier Pro M status in 2026.

The achievement highlights the growing strength of trading talent emerging from the program and reinforces Axi Select’s mission to provide skilled traders with access to capital, professional tools, and a structured pathway to scale their trading careers.

Ms. Wang is a professional trader with more than 20 years of financial market experience. Prior to entering the forex margin trading space, she worked at a well-known domestic private equity fund, where she managed assets exceeding several billion dollars. Five years ago, she transitioned into forex trading, applying institutional-level discipline and risk management to global currency markets.

In January 2025, Ms. Wang joined the Axi Select program, beginning with an initial $500 account. Through consistent performance and disciplined execution, she successfully progressed through each development stage of the program, ultimately qualifying for Pro M status in March 2026. She now manages a live $1 million funded account with Axi.

Her journey reflects the core philosophy behind Axi Select — identifying committed traders and providing them with a transparent pathway to access larger capital allocations based on performance rather than upfront funding requirements.

“Axi Select was created to open opportunities for talented traders around the world,” said Greg Rubin, Head of Axi Select at Axi. “Ms. Wang’s progression to Pro M status demonstrates how experience, discipline, and the right support structure can unlock new levels of performance. We are proud to celebrate another major milestone for trading talent within the program.”

Axi Select allows traders to develop their strategies within a structured framework, offering performance-based capital scaling of up to USD $1 million. The program combines education, risk management parameters, and professional trading infrastructure designed to help traders grow consistently.

As participation in Axi Select continues to expand globally, achievements like Ms. Wang’s underline Axi’s commitment to supporting traders seeking long-term success in increasingly competitive financial markets.

About Axi

Axi is a global online trading brand offering access to forex, shares, indices, commodities, and digital assets. Through initiatives such as Axi Select, Axi supports traders worldwide with education, technology, and professional trading tools.

Media Contact: mediaenquiries@axi.com

For more information about Axi Select, visit: https://www.axi.com/int/funded-trader-program 

The Axi Select programme is only available to clients of AxiTrader LLC. CFDs carry a high risk of investment loss. This content may not be available in your region. Not intended as investment advice. For more information, refer to our Terms of Service. 

SOURCE: Axi Trader LLC 

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.

Bitget Expands Agent Hub Ecosystem Through MuleRun Partnership to Advance Agentic Trading

 

VICTORIA, Seychelles, April 2 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world's largest Universal Exchange (UEX), announced a strategic product partnership with MuleRun, an industry-leading self-evolving AI Agent, to launch a personal AI-powered trading assistant that brings institutional-grade market signals to everyday investors through natural language.

MuleRun is a self-evolving personal AI platform that lets users deploy workflows through natural language with no technical setup. It runs 24/7 on cloud-based virtual machines and is built to keep tasks, monitoring, and scheduled jobs running continuously, even when users are offline.

The collaboration marks a new milestone in AI-driven trading infrastructure as professional-level financial intelligence becomes more accessible to mainstream users. Through the integration of Bitget Agent Hub’s AI financial data ecosystem with MuleRun’s always-on personal AI environment, users can now access structured market analysis, monitor opportunities across asset classes, and build automated trading workflows through simple conversation, without requiring technical expertise.

The launch reflects a broader shift in investor behavior. As markets become more interconnected and volatility spreads across crypto, equities, commodities, currencies, and macro-driven assets, users are looking for systems that can do more than display data. They want intelligent tools that can interpret live information, track multiple markets continuously, and deliver timely, actionable insights in a form that is easy to use. For many retail investors, the core barriers remain the same: market data is too complex, round-the-clock monitoring is difficult, and AI hallucinations when timeliness and reliability of market data are uncertain.

This partnership is designed to address those constraints across data, intelligence, security, and execution. Through Bitget Agent Hub, MuleRun users gain access to a financial analytics framework spanning 19 data tools across crypto, U.S. equities, gold, crude oil, forex, A-shares, on-chain metrics, social sentiment, and 16 macroeconomic indicators including CPI, GDP, and FOMC decisions. Bitget’s Skill Hub further translates this data into specialized AI capabilities across macro analysis, technical analysis, sentiment analysis, market intelligence, and news briefings, making advanced financial interpretation available through plain-language interaction.

“We see a clear shift toward trading environments where analysis, monitoring, and execution are increasingly unified,” said Gracy Chen, CEO of Bitget. “Partnering with MuleRun helps us move in that direction by combining Bitget’s market intelligence capabilities with a highly accessible personal AI interface.”

The integration signals Bitget’s continued push toward an agent-native trading future, where AI does more than assist with information retrieval and becomes a persistent market companion capable of observing conditions, surfacing signals, and supporting action in real time. Through Agent Hub, GetClaw, and its broader Universal Exchange architecture, Bitget is building the infrastructure layer for this next phase of trading, one in which intelligent agents operate securely across analysis, automation, and execution within a single connected environment.

About Bitget

Bitget is the world's largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 100+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships with LALIGA and MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry's lowest fees and highest liquidity across 150 regions worldwide.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord

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/76361801-9411-4067-b7e6-da31bd8dd41c 

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.

OMNI BRIDGEWAY NAMES PETER GALGAY TO DRIVE CAPITAL STRATEGY

KUALA LUMPUR, April 2 (Bernama) -- Omni Bridgeway, a global leader in litigation financing and risk management, has appointed Peter Galgay as Head of Commercial Strategy and Capital Solutions based in New York.

According to Omni Bridgeway in a statement, Galgay's primary focus will be on expanding the company’s capabilities in origination, underwriting, and management of large-scale structured finance and alternative investment solutions for legal assets.

Additionally, he is set to be a key player in supporting Omni Bridgeway’s global investor relations and capital formation initiatives.

“Peter brings a unique blend of investment leadership, capital markets expertise, and first‑hand experience in all aspects of legal finance.

“He knows Omni Bridgeway well, and his strategic insight, commercial drive and global perspective will be instrumental as we continue to expand our capital solutions offering for legal assets,” said its Managing Director and Chief Executive Officer, Raymond van Hulst.

Meanwhile, Galgay expressed his enthusiasm for the role, stating he is honoured to join Omni Bridgeway and is looking forward to collaborating with teams worldwide to advance the company's capital solution capabilities and support clients through scalable investment partnerships.

Prior to joining Omni Bridgeway, Galgay served for over a decade as Chief Investment Officer for a Singapore-based family office. Earlier in his professional life, Galgay worked as a Senior Analyst in Ernst & Young’s Fraud Investigation & Dispute Services practice and also held a position as an Equity Portfolio Manager at Deutsche Asset Management.

Galgay is a Chartered Financial Analyst (CFA) charterholder and holds a Master of Arts in International Business and a Bachelor of Science in Finance from the University of Florida, alongside a Master of Business Administration from INSEAD.

-- BERNAMA

TOKYO SKYTREE TO HOST “BLUE LOCK” COLLABORATION EVENT

KUALA LUMPUR, April 1 (Bernama) -- Tobu Tower Skytree Co Ltd, operator of Tokyo Skytree, will host the "BLUE LOCK EPISODE SKY in TOKYO SKYTREE" event from April 9 to July 6.

In a statement, the company said this marks the first collaboration between the tower and the popular football-themed television anime "BLUE LOCK", written by Muneyuki Kaneshiro and illustrated by Yusuke Nomura.

The 450-metre-high Tembo Galleria has an exhibition featuring the event's key visuals with limited-edition merchandise, special cafe menu items, and an event-exclusive photo shoot service with "BLUE LOCK" characters.

Meanwhile, on the 350-metre-high Tembo Deck, exclusive videos will be screened on the windows converted into a giant screen of the Skytree Round Theater. The exterior of the tower will feature special "BLUE LOCK"-themed lighting inspired by various characters from the anime during the evening.

Moreover, special admission tickets to the observation decks, which include access to both the Tembo Deck and Tembo Galleria, will also be available, accompanied by a novelty card featuring an event-exclusive illustration.

Tobu Tower Skytree said the event is expected to attract visitors to Tokyo Skytree during the period.

-- BERNAMA

CLOUDERA TO SHOWCASE “AI ANYWHERE” CAPABILITIES AT AWS SUMMITS

KUALA LUMPUR, April 1 (Bernama) -- Cloudera has announced its participation as a sponsor in the 2026 Amazon Web Services (AWS) Summit series across major global cities, showcasing its “AI Anywhere” capabilities for hybrid and multi-cloud environments.

In a statement, the company said it will demonstrate how organisations can operationalise artificial intelligence (AI) workloads across cloud and on-premises infrastructure without compromising governance, security, and data compliance requirements.

The events will be held in Paris, Sydney, Hamburg, Madrid, Washington, D.C., Jakarta, Zurich and Tokyo.

“Our collaboration with AWS is central to delivering on the promise of AI Anywhere. By combining Cloudera’s hybrid data platform with AWS’s cloud capabilities, organisations can run AI workloads wherever needed while maintaining governance, security and portability,” said Cloudera Senior Vice President of Global Alliances and Channels, Michelle Hoover.

The company’s presence at AWS Summits builds on its collaboration with AWS in supporting enterprises to modernise data architectures and accelerate AI adoption, particularly as hybrid cloud strategies become increasingly prevalent.

Across AWS Summit events, Cloudera will host interactive booth experiences featuring live demonstrations, expert consultations, and giveaways, offering attendees hands-on insights into real-world AI and data use cases.

Among the event highlights, Cloudera will hold live demonstrations and a session on AI-driven humanitarian aid at the Paris event on April 1, and host a lightning talk along with a networking reception at the Sydney event on May 13 to 14.

At Hamburg on May 20, the company will conduct a breakout session, demos, and giveaways, while at Madrid on June 4, it will explore cognitive bias in AI systems and how organisations can ensure reliable, production-ready AI deployment.

Cloudera will also maintain a presence at AWS Summits in Tokyo (June 25), Washington, D.C. (June 30), Jakarta (Aug 6), and Zurich (Sept 2).

-- BERNAMA

NEINOR PARTNERS STONESHIELD ON 150 MLN EUROS MARBELLA RESIDENTIAL PROJECT

KUALA LUMPUR, April 1 (Bernama) -- Neinor Homes (Neinor), Spain’s listed residential developer, has partnered with Stoneshield Capital (Stoneshield) to develop a 150 million euro premium residential project in Marbella, marking its entry into the high-end residential segment. (1 Euro = RM4.65)

“This partnership demonstrates the strength of our platform, combining development expertise with institutional capital to deliver high-quality projects,” said Neinor Chief Executive Officer, Borja García-Egotxeaga in a statement.

The development will comprise 262 homes across more than 60,000 square metres, adjacent to Río Real Golf Course and close to Marbella city centre, Puerto Banús and the beach.

It will include a 1,200 square metre private members’ club featuring wellness areas, pools, sports facilities and landscaped spaces.

The project is one of the largest residential developments launched in Marbella in recent years, with expected revenues exceeding 600 million euros over the next five years.

Under the joint venture structure, Stoneshield will hold a 70 per cent stake and Neinor 30 per cent, with Neinor acting as delegated developer across the full development lifecycle.

The investment reflects strong fundamentals in Marbella, supported by robust international demand and limited land supply.

The transaction reinforces Neinor’s asset management platform, which has deployed over 1.3 billion euros alongside institutional investors including AXA IM Alts, Orion Capital, King Street and Bain Capital.

-- BERNAMA