Wisson Robotics To Make Waves At CES 2025, Debuting Pliabot Technology

KUALA LUMPUR, Dec 27 (Bernama) -- Wisson Robotics, a leader in general-purpose soft robotics, will debut its Pliabot technology, a revolutionary commercial and universal soft robotics with human-like muscles and embodied artificial intelligence (AI), at the Consumer Electronics Show (CES) 2025.

At the same event, the company said in a statement it will also introduce its innovative Pliabot robots for aerial operations and electric vehicle (EV) automatic charging, which aims to demonstrate Pliabot’s potential and seek industry partners to explore new applications.

Committed to freeing humans from harsh environments or repetitive tasks through disruptive innovation in robot core technology, Wisson leverages a decade of expertise in soft robotics to make Pliabot technology commercially available and universally applicable to provide safe, dexterous, lightweight, resilient, and affordable robots and solutions for various industries.

These cost-effective robots are designed to thrive in complex and dynamic environments, enabling more sectors beyond manufacturing to benefit from enhanced productivity and improved user experiences.

Wisson's Pliabot stands out in the world of soft robotics, mimicking human muscles through its "soft muscles + neuronic intelligence" dual-propeller approach, bringing high adaptability, a superior load-to-weight ratio, safe interaction, strong environmental resistance, and significant cost savings compared to rigid robots.

Additionally, designed as a modular platform, Pliabot bionic joints, arms, and "neuronic-cerebellar-cerebral-cloud" AI systems could easily integrate with mobile chassis, lifts, assembly lines, wearable devices, unmanned aerial vehicles, robotic dogs, and humanoid robots, making it ideal for diverse applications across industries.

Powered by Pliabot's technological and commercial advantages, Wisson has been a pioneer in bringing general-purpose soft robotics to market, being the first to achieve mass production and delivery of soft robots worldwide.

Furthermore, versatile Pliabot robots have been developed and deployed to over 100 countries, regions and cities, serving industries such as facade cleaning, autonomous driving, new energy, logistics, urban management, marine services and power grid, generating substantial commercial and social value for its clients and the community.

At CES 2025, Wisson will demonstrate the capabilities of its popular AP3-P3 facade cleaning, the versatile AP30-N1 aerial manipulator featuring the signature Pliabot arm, and the one-of-a-kind Pliabot EV charging robot.

-- BERNAMA

PETRONAS PREMIERES 'WITH OPEN HEARTS,' A STORY OF ACCEPTANCE AND LOVE

Su Lin expresses the emotions she has been holding onto all this while.

KUALA LUMPUR, Dec 24 (Bernama) -- To celebrate the year-end festivities, PETRONAS presents ‘With Open Hearts', a film directed by Subashnaveen Balakrishnan that explores the power of embracing all possibilities to progress together as one.

Set against the rich, vibrant backdrop of Peranakan culture, the film follows Su Lin, a young girl whose life has always been shaped by her deep connection with her mother. Her mother was her only source of comfort, guidance, and love - until the day her mother decides to marry a new man.

As her mother welcomes a new chapter in her life, Su Lin is overwhelmed by emotions she cannot easily express. Two against the world no more, she is torn between the love she has for her mother and the uncertainty of accepting a new person into their small, familiar world.

Su Lin's journey is one of shifting perspectives, from seeing things from her mother’s lens to realising the importance of embracing change with an open heart. The film reflects upon the core value of Malaysia’s rich cultural diversity, and how its shared progress thus far is the result of such acceptance and complementing values.

“Through this film, PETRONAS aims to inspire viewers to reflect on how we can all contribute to building a stronger, more harmonious society by embracing new beginnings with open hearts, one that must come from a place of love, tolerance and mutual respect for each other,” said PETRONAS Senior General Manager of Strategic Communications, Group Strategic Relations and Communications, Siti Azlina Abdul Latif.

'With Open Hearts' premieres on 24 December 2024 on PETRONAS' official YouTube and Facebook pages. Join us as we begin 2025 with an open heart, ready to embrace the possibilities that lie ahead.

Issued by
Media Communications
Group Strategic Relations & Communications
PETRONAS

SOURCE : PETRONAS

FOR MORE INFORMATION, PLEASE CONTACT:
PETRONAS
Name: Estee Aina Huslan
Tel: 012-2283377
Email: esteeaina.huslan@petronas.com

--BERNAMA

 

Lancang-Mekong International Film Week Celebrates Cultural Exchange, Cinematic Diversity

 

KUALA LUMPUR, Dec 23 (Bernama) -- The Sixth Lancang-Mekong International Film Week kicked off on Dec 17 in Phnom Penh, Cambodia, offering a five-day cinematic journey for local audiences.

China’s Yunnan Provincial Film Bureau Director, Zhai Yulong, expressed hope that this event would strengthen film exchanges and communication, further developing the film industry across the Lancang-Mekong countries.

Meanwhile, Cambodian Minister of Culture and Fine Arts, Phoeung Sakona, emphasised that this event serves as a platform to promote cultural dialogue and close cooperation among the countries in the Lancang-Mekong subregion.

According to a statement, the film week features 20 films from Lancang-Mekong countries, showcasing a rich variety of themes and genres, such as comedy, action, romance, and science fiction.

Notable screenings include Rooftop Soccer, which won the Best Children's Film award at the 37th Golden Rooster Awards in China. The film presents audiences with the unique charm of ancient villages and ethnic customs in Yunnan.

The event's sole animated film, I Am What I Am, introduces audiences to the traditional Chinese lion dance culture and Lingnan customs through its exquisite visuals and inspiring storyline.

The Cambodian film, When Mom Gets Old, focuses on the lives of elderly women and highlights intergenerational conflicts, provoking thoughtful reflections, while Thailand’s Grandma’s Grandchild offers a heartfelt portrayal of family dynamics, having broken box office records upon its release.

These films offer audiences a chance to explore diverse landscapes, cultures, and emotional stories from the six Lancang-Mekong countries. In addition to screenings, the event includes cultural tours, discussions, and project promotions, amplifying its cultural impact and brand influence.

The Sixth Lancang-Mekong International Film Week continues to be a vibrant celebration of cultural integration, demonstrating how civilisations thrive through exchange and learning.

-- BERNAMA

KAB MAKES HEADLINES IN TIME MAGAZINE, CEMENTING ITS ROLE IN MALAYSIA'S ENERGY REVOLUTION

· Kinergy Advancement Berhad (KAB): Energising the Present, Transforming the Future.

KUALA LUMPUR, Dec 23 (Bernama) -- APAC 2024 Top Energy Sustainability Solutions Provider Kinergy Advancement Berhad (“KAB” or “Group”, “敬业”, Bloomberg: KASB MK), Kinergy Advancement Berhad (KAB), Malaysia’s leading Sustainable Energy Solutions Specialist, has garnered international recognition with a feature in the renowned TIME magazine. This milestone highlights KAB’s increasing role in shaping Malaysia’s sustainable energy sector and its contribution to international sustainability efforts.

TIME magazine’s article highlights KAB’s bold journey, tracing its evolution from an electrical engineering company founded in 1997 to a trailblazer in sustainable energy solutions. In the feature titled “We Invest in Our Present, Tomorrow, and Future: Energizing Tomorrow’s Sustainable Energy Solutions Today,” KAB’s transformation into a sustainable energy leader takes centre stage, offering insights into its innovative solutions and strategic growth.

KAB’s foray into sustainability began in 2018, long before it became a global priority. Initially specialising in the electrical construction of shopping malls, office buildings, and factories, the company identified a gap in post-construction energy management. This insight led to the establishment of its Sustainable Energy Solutions (SES) division in 2023, a move that also prompted a rebranding to reflect its ambitious vision.

The article highlights KAB’s focus on efficiency, renewable energy, and clean energy technologies, including co-generation, waste heat recovery, solar PV systems, and biogas projects. Notably, KAB is Malaysia’s pioneer in introducing ORC-type waste heat recovery systems, converting industrial heat waste into usable energy without additional feedstock.

KAB’s business model flexibility is a key driver of its success. The company offers three engagement models: traditional project commissioning, a ‘zero capex’ model where KAB builds and owns power plants while selling energy to clients, and joint-venture arrangements. These models allow clients to access energy solutions tailored to their needs.

Additionally, KAB’s strategic partnership with PETRONAS as its only local technical partner reflects its capability in clean energy transition projects. Its innovative district cooling system, designed for Malaysia’s growing network of data centres, also highlights KAB’s foresight in addressing the energy-intensive demands of the digital age.

As TIME underscores, KAB is central to Malaysia’s push toward carbon neutrality by 2050. The company’s solutions prioritise reducing energy consumption for large commercial and industrial complexes, leveraging smart technologies for real-time efficiency monitoring. With strategic acquisitions and a rapidly diversifying portfolio, KAB is poised to meet the nation’s growing energy demands while leading the charge toward a greener future.

KAB's inclusion in TIME magazine showcases its innovative approach and strong commitment to sustainability. By featuring its achievements on such a prestigious platform, KAB enhances its reputation as a key player in the energy sector and reinforces Malaysia's leadership in the global clean energy movement.

SOURCE : Aegis Communication on behalf of Kinergy Advancement Berhad

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Jason Fong
Tel: +6012-8631134
Email: jason@aegiscomm.com.my

--BERNAMA

SELANGOR'S ROBUST INVESTMENT PERFORMANCE FROM JANUARY - SEPTEMBER 2024 POSITIONS THE STATE AT THE FOREFRONT, OUTPACING OTHER STATES

 

Selangor’s Robust Investment Performance From January – September 2024 Positions The State At The Forefront, Outpacing Other States

SHAH ALAM, Dec 23 (Bernama) -- Selangor has once again reaffirmed its position as the leading state in investment performance, recording an impressive approved investment of RM66.8 billion between January and September 2024 as reported by Malaysian Investment Development Authority (MIDA). This achievement positions Selangor at the top, followed by W.P. Kuala Lumpur with RM63.9 billion, Kedah at RM34.0 billion, Pulau Pinang with RM22.6 billion, and Johor at RM18.1 billion.

The approved investments in Selangor are made up of RM15 billion from manufacturing-related projects, RM51.7 billion from the services sector, and RM38.7 million from the primary sector. This reflects a significant 58.7% increase, compared to RM42.1 billion recorded during the same period last year.

Domestic investments accounted for the majority of the approved investments at 68.3% or RM45.6 billion, while foreign investments contributed 31.7% or RM21.2 billion. Both domestic and foreign investments demonstrated remarkable growth, with domestic investments surged 74%, from RM26.2 billion, and foreign investments increased by 68%, compared to RM12.5 billion in the same corresponding period last year. Top contributors to foreign investments in Selangor during the period included the USA (RM4.8 billion), Singapore (RM1.8 billion), the People’s Republic of China (RM1.76 billion), Japan (RM564.6 million) and Germany (RM421.3 million).

A total of 1,371 projects were approved in Selangor, comprising 253 manufacturing projects and 1,116 services projects. These projects are expected to create approximately 50,222 potential job opportunities, marking a substantial increase from 997 approved projects and 23,060 potential job opportunities recorded during the same period last year.

The services sector continues to be the key driver of Selangor’s investment performance, with major contributions from sub-sectors such as Information and Communication, Real Estate, Support Services, Transport Services, and Distributive Trade.

In the manufacturing sector, strong investment performance was contributed by leading sub-sectors such as Electrical & Electronics, Transport Equipment, Fabricated Metal Products, Non-Metallic Mineral Products, and Machinery Equipment. This underscores the manufacturing sector’s resilience and continued growth.

According to YB Tuan Ng Sze Han, Selangor State Executive Councillor for Investment, Trade & Mobility, “This remarkable investment performance recorded by the state of Selangor, showcases the vibrancy of its industrial ecosystem, cutting edge technological capabilities and its competitive strengths in manufacturing and services sectors. It has certainly validated its case as a premier and attractive destination for investors. The future looks bright for Selangor and we hope the upwards momentum to continue and yield positive full year result for 2024”.

About Invest Selangor Berhad:
Invest Selangor Berhad (ISB) is the state government agency responsible for promoting and facilitating investment in Selangor, Malaysia. With its commitment to providing investors with the ease of doing business, ISB ensures investors have a hassle-free investment journey. The agency offers a comprehensive suite of services, including site selection assistance, investment facilitation, and aftercare services. ISB is dedicated to providing investors with a conducive business environment, which includes streamlined procedures, efficient services, and access to industry insights and networks. This commitment to investor ease of mind has made Selangor an attractive investment destination for local and foreign investors. With ISB's support, investors can focus on their business operations and leave the administrative matters to the agency, giving them the peace of mind they need to grow their investments in Selangor.

For Selangor investment enquiries, please visit www.investselangor.my

SOURCE : Invest Selangor Berhad

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Maryani Binti Mat Saad
Tel: +603 5510 2006
Email: maryani@investselangor.my

--BERNAMA

REPORT ON "KLCC PROPERTY SAID TO BE BUYING BANDAR MALAYSIA FOR OVER RM10 BIL" IN THE THE EDGE MALAYSIA, 23 DECEMBER 2024

KUALA LUMPUR, Dec 23 (Bernama) -- KLCC Property Holdings Berhad (KLCCP) refers to the news report on “KLCC Property said to be buying Bandar Malaysia for over RM10 bil” in the The Edge Malaysia, dated 23 December 2024

KLCCP wishes to inform that we are not a party to this transaction. We are not the buyer as reported.


About KLCCP Stapled Group

KLCC Property Holdings Berhad (KLCCP) and KLCC REIT, collectively known as KLCCP Stapled Group is Malaysia’s largest self-managed stapled security that invests, develops, owns, and manages a stable of iconic and quality assets. KLCCP Stapled Group became the first ever Shariah compliant stapled structure in Malaysia upon the listing of KLCC Stapled Securities (KLCCSS) on 9 May 2013 and trades under the REIT sector of the index as a single price quotation.

KLCCP Stapled Group’s core business is in property investment and development, and provision of management services. The Group owns iconic prime assets, namely the PETRONAS Twin Towers, Menara ExxonMobil and Menara 3 PETRONAS under KLCC REIT and Suria KLCC, the premier shopping mall, Mandarin Oriental, Kuala Lumpur hotel and a vacant land (Lot D1) under KLCCP. KLCCP also has a 33% stake in Menara Maxis.

KLCCP Stapled Group redefines excellence in real estate. With decades of experience building the nation’s iconic landmarks, it has elevated industry standards and expectations, reinforcing its commitment to enriching lives and building a more sustainable future.

Issued by:
Group Strategic Communications and Investor Relations
23 December 2024

SOURCE : KLCC (Holdings) Sdn Bhd

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Yasmin Abdullah
Head, Corporate Communications
Group Strategic Communications and Investor Relations
KLCC (Holdings) Sdn Bhd
Tel: +603-27837584
Email: yasmina@klcc.com.my

--BERNAMA

NEARFIELD INSTRUMENTS SECURES REPEAT ORDERS FOR QUADRA METROLOGY SYSTEM

KUALA LUMPUR, Dec 23 (Bernama) -- Nearfield Instruments, a pioneer in advanced process control metrology solutions, announced it has received repeat purchase orders for its flagship QUADRA High-Throughput Process Control Metrology System.

According to a statement, this follow-up order highlights the company’s increasing market traction and its success in penetrating high-volume manufacturing operations.

Nearfield Instruments chief executive officer, Hamed Sadeghian remarked that the repeat order is a testament to the system’s performance, reliability, and its essential role in supporting high-volume manufacturing.

He emphasised that the order reinforces the trust customers have in Nearfield to support their production objectives, and with the 2025 order book now full, the company remains committed to delivering innovative solutions that enhance manufacturing efficiency and yield.

The QUADRA system offers cutting-edge capabilities for in-line process control by Nearfield’s high-throughput AFM metrology technologies that deliver highly accurate, non-destructive 3D measurements of critical semiconductor parameters.

By providing real-time feedback on critical device structures, the system provides good correlation to device yield and enables manufacturers to maintain high yields and optimal performance in their production lines.

The system’s exceptional throughput allows manufacturers to quickly and accurately analyse large numbers of devices without compromising measurement precision, ensuring both efficiency and quality in the production process.

This repeat order from a leading semiconductor manufacturer highlights the growing confidence in the QUADRA platform as the industry advances to next-generation technologies.

The continued adoption of QUADRA systems by leading manufacturers further strengthens Nearfield Instruments’ position as a driving force in advanced process control metrology for mass production.

-- BERNAMA

MAYBANK'S VALUES-DRIVEN FINANCIAL SERVICES TO EMPOWER A PEOPLE CENTRIC ASEAN; AN OPPORTUNE TIME FOR ASEAN TO SHINE IN MALAYSIA'S CHAIRMANSHIP YEAR

 

Dato' Khairussaleh Ramli

Commentary by Dato’ Khairussaleh Ramli, President & Group CEO of Maybank

KUALA LUMPUR, Dec 20 (Bernama) -- The continuous strengthening of the ASEAN economy in the last decade showcased the true resilience of the region, coupled with promising economic prospects owing to its strategic location, diverse economies, and commitment to regional integration. With the ASEAN-6 GDP growth strengthening to +4.8% in 2024 from +4% in 2023, and to remain stable at +4.7% in 2025, the region is in a strong position for accelerated growth and at the same time cushioning the risks from geopolitical uncertainties.

Malaysia’s ASEAN Chairmanship comes at an opportune time. It underpins the theme of “Inclusivity and Sustainability”, signalling the need for cohesive socio-economic development and planetary wellness. With Maybank already well aligned to the theme, our joint aspiration is to empower a people centric ASEAN, not just for 2025, but going beyond it.

This is our differentiating factor, centred on our purpose, which is to be a values-driven platform powered by a bionic workforce that humanises financial services.

To deliver on this aspiration, we bring our strengths together via four main pillars, namely, Values-Based Finance, Inclusive Economy for micro, small and medium enterprises (MSMEs), Sustainability and Social Impact. Maybank’s involvement will be centred on supporting regional financial stability and facilitating cross-border trade and investment within the ASEAN Economic Community as well as accelerating community empowerment initiatives across the region.

We have the opportunity to strengthen our commitment to a diverse set of beneficiary segments including Students, Youth, Women, Persons With Disabilities (PWDs), Marginalised Communities via our Beyond Banking initiatives and Corporates, SMEs and mSMEs and Individuals via our Banking Initiatives.

Our commitment will include supporting key ASEAN Chairmanship initiatives, including organising thought leadership forums surrounding ASEAN-led meetings and events, partnerships with Ministries and ASEAN, and introducing new products and solutions that will further accommodate the operating environment.

Via our deep understanding of the region, holistic approach, and smart multi-level collaborations, we remain optimistic of the prospects. The time is now, to create meaningful outcomes for all our stakeholders, and we have already made several headways.

In connecting ASEAN to the world, we have ramped up expansion of our Values-Based Finance offerings and will continue to drive innovative sustainable solutions across key markets. This will be underlined by the purpose of being a values based platform, incorporating the features of sustainability and ethical principles into our solutions and offerings to customers via myimpact. We have introduced multiple solutions under myimpact, and the recent launch of HERpower aims to increase our SME portfolio led by women entrepreneurs from 20% to 25% by 2026. This initiative will support over 43 million women-led SMEs in the region namely in Malaysia, Singapore, Indonesia, Philippines and Cambodia.

We also remain steadfast in strengthening our global Islamic banking position. This is prominent through our efforts to attain Islamic Wealth Management leadership position in Malaysia, Singapore and Indonesia with our Asset Under Management (AUM) growing by 35% Y-o-Y to RM85.3 billion. This and among other factors have culminated in maintaining our top 5 global leadership position. Additionally, the introduction of Salaam Market as a one-stop digital platform that allows SMEs to source halal-certified products at competitive prices will further boost businesses’ competitiveness in the Halal economy.

To further spur sustainable regional growth, we are committed to drive an Inclusive Economy, especially by empowering MSMEs. With this segment being the backbone of the economy for many countries in ASEAN, Maybank will continue to support MSMEs by scaling up our offering across key markets by providing expanded funding access and integrating solutions for ease of operations. Recently, Maybank announced a strategic investment in Funding Societies | Modalku, the largest unified digital finance platform for MSMEs in Southeast Asia, in efforts to promote inclusivity and bridge funding gaps within the communities we serve.

On the digital front, we continue to build on our regional digital banking ecosystem which would truly create a borderless environment for businesses and individuals transacting. Continued leadership in this segment saw strong growth in digital payments with more than 9.9 million active digital customers in Malaysia, Singapore, Indonesia, Philippines and Cambodia.

In supporting ASEAN’s role in managing key regional affairs, particularly in sub-regions like the Johor-Singapore Special Economic Zone (JS-SEZ), Maybank is committed to be the preferred bank for Malaysia-Singapore transactions as we actively engage and connect businesses and governments for mutual benefit of both nations. Our support includes joint efforts to attract investments from Singapore but also as a gateway to expand in ASEAN. This will also include enabling key industries to thrive such as data centres, semiconductors, wealth management, logistics and manufacturing.

Through our global banking segment, we have placed an added focus to drive cross border trade and investment by enhancing regional cash management services for our customers via seamless digital onboarding. We also remain committed to serve the region by facilitating a stimulus investment environment as we continue to top the league tables by ranking #1 in ASEAN equity capital market and defended leadership across products in Malaysia.

With our strong footprint across the region, we are capable to further connect and broaden our clients’ access to the global economy. In supporting this agenda, our Invest ASEAN series will take centre stage with the objective of bringing together the region’s major investors, high net worth individuals, family offices and corporates in one centralised platform for engaging and revealing conversations.

As we strive to strengthen ASEAN as an attractive economic destination, we are cognisant for the need to drive positive Social Impact across the region. Through Maybank’s social impact arm, Maybank Foundation, which is the only financial institution in the region to have an ASEAN accreditation, and our extended business sectors, we remain steadfast to uplifting the communities we serve via our Beyond Banking and Banking initiatives.

The ASEAN Chairmanship by Malaysia will strengthen the region’s position as a competitive economic block, further connecting itself to the global economies. Maybank will play its own role to support this Chairmanship, leveraging new economy opportunities favourable to the countries in Southeast Asia while solidifying the region’s overall socio-economic growth prospects.

SOURCE: Maybank

FOR MORE INFORMATION, PLEASE CONTACT:
Maybank Group Corporate Affairs
Email: corporateaffairs@maybank.com

--BERNAMA

TEMENOS SELECTED TO MODERNISE AHAM CAPITAL'S FUND ACCOUNTING PLATFORM IN MALAYSIA

KUALA LUMPUR, Dec 18 (Bernama) -- Temenos, an open platform for banking, announced that AHAM Capital has selected its Multifonds Global Accounting, delivered as Software as a Service (SaaS) to drive scalable automation and future growth in the Malaysian market.

“We are delighted to be chosen and work closely with AHAM on this strategic project. As a recognised leader in the Malaysian asset management industry, AHAM sought a future-ready solution, and we are confident Multifonds SaaS will meet their aspirations.

“By enabling a truly client-centric asset management service, this partnership will support AHAM in driving innovation and accelerating business growth,” said Temenos Multifonds Managing Director, Oded Weiss in a statement.

Meanwhile, AHAM Capital Chief Technology Officer, Allen Woo said: “Temenos’ fully automated solution empowers AHAM to streamline end-to-end operations, achieve high straight-through processing (STP) rates, and support our long-term expansion plans by enabling new products such as digital assets and exchange-traded funds (ETFs).”

The Multifonds SaaS solution will allow AHAM to benefit from the flexibility offered by a cloud-based deployment and full management of the application, removing the need to maintain software in-house, in addition to being able to connect to surrounding applications in the future with standard Multifonds application programming interfaces (APIs).

Temenos Multifonds was selected after a rigorous evaluation process and detailed proof of concept, recognising Multifonds as the best solution to support AHAM’s growth over the long term.

Using Multifonds, AHAM will be able to automate its end-to-end operations with a multi-asset and multi-currency solution.

The solution can support the firm’s traditional business while at the same time supporting Islamic funds in accordance with Shariah standards, via Multifonds’ flexibility in chart of account, posting rules and naming conventions.

Temenos serves clients in over 150 countries by helping them build new banking services and state-of-the-art customer experiences, helping top-performing clients achieve return on equity three times the industry average and cost-to-income ratios half the industry average.

-- BERNAMA

UEM EDGENTA'S SUKUK PROGRAMME RECEIVES AAIS RATING UPGRADE, REFLECTING FINANCIAL STRENGTH AND STRATEGIC PROGRESS

 

UEM Edgenta Berhad

KUALA LUMPUR, Dec 19 (Bernama) -- UEM Edgenta Berhad (UEM Edgenta), a leading asset management and infrastructure solutions company in the region, has had its Islamic Medium-Term Notes (IMTN) under its RM1.0 billion Sukuk Murabahah Programme, with the outstanding Sukuk standing at RM250.0 million, upgraded to AAIS from AA-IS by MARC Ratings Berhad (MARC Ratings) for the first time since the rating was first assigned in 2017. This upgrade highlights UEM Edgenta’s strong financial position, consistent business growth, and exceptional operational capabilities across its core segments, including Healthcare Support Services, Property and Facility Management, Infrastructure Services and Asset Consultancy.

In its announcement, MARC Ratings highlighted UEM Edgenta’s sustained ability to generate consistent cash flows, underpinned by its diversified revenue base and long-term contracts. For the first nine months of 2024 (9M2024), newly secured contracts continued to grow, reaching RM2.3 billion (2023: RM2.0 billion), with healthcare solutions contributing 80%. This includes RM900 million worth of contracts for Healthcare Support Services in Singapore, spanning a period of five (5) years.

In infrastructure services, carried out by wholly-owned subsidiary Edgenta PROPEL Berhad, the group benefits from a long-term master maintenance services contract with Projek Lebuhraya Usahasama Berhad (PLUS) for highway maintenance. This contract ensures a stable income stream through 2038. Additionally, the group’s acquisition of a 60% equity stake in United Arab Emirates–based Kaizen Group, a property management company, for RM74.9 million in February 2024, further expands its property and facility solutions portfolio.

MARC Ratings highlighted the Company’s improved credit metrics and effective cost management initiatives, which have contributed to its enhanced risk profile and financial resilience. The rating agency also acknowledged prudent financial management, which has bolstered UEM Edgenta’s liquidity position and debt servicing capacity. For 9M2024, revenue increased by 7.6% y-o-y to RM2.2 billion and pre-tax profit rose by 5.1% to RM65.6 million. Operating margins have remained at around 3%, and the group is undertaking initiatives to strengthen the profitability margin by streamlining operations and leveraging technology to enhance efficiency. The margin improvements are expected to allay concerns over the impact from the minimum monthly wage revision to RM1,700 from RM1,500 effective February 2025.

Commenting on the rating upgrade, Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta, said: “This recognition by MARC Ratings highlights the strength of our strategic direction and unwavering commitment to delivering value to our stakeholders. The AAIS rating reflects UEM Edgenta’s robust financial standing and superior ability to meet its financial obligations, reinforcing our reputation as a trusted leader in the asset management and infrastructure solutions sector. It is a testament to the confidence our clients and partners place in us. Moving forward, we will continue to harness our expertise to drive sustainable growth and deliver impactful, innovative solutions across the markets we serve.”

UEM Edgenta’s RM1.0 billion Sukuk Murabahah Programme has been a cornerstone in supporting its strategic growth initiatives, including investments in technology-driven innovations and sustainability-focused projects. This latest rating upgrade enhances the programme’s appeal, positioning it as an attractive opportunity for investors seeking stable, high-quality investments.

For further information on UEM Edgenta, log on to https://www.uemedgenta.com.

About UEM Edgenta Berhad

UEM Edgenta (www.uemedgenta.com) is a leading Asset Management and Infrastructure Solutions company in the region and is a subsidiary of the UEM Group. Listed on the Main Market of Bursa Malaysia Securities Berhad (KLSE: EDGENTA), our expertise covers Healthcare Support and Property & Facility Solutions, and Infrastructure Services covering Expressways and Rail, including project management & engineering design capabilities via our Opus Consultants business arm.

Guided by our ‘Edgenta of the Future 2025’ vision, UEM Edgenta’s full suite of business services is driven by technological advancements throughout the business assets’ life cycle including consultancy, procurement & construction planning, operations & maintenance, as well as optimisation, rehabilitation and upgrades. Digital solutions across multiple industries positions UEM Edgenta as a powerhouse to become a Technology-Enabled Solutions Company with a focus on healthcare by 2025.

UEM Edgenta has operational presence in Malaysia, Singapore, Indonesia, Taiwan, United Arab Emirates and The Kingdom of Saudi Arabia.

Issued by
UEM Edgenta Berhad

SOURCE : UEM Edgenta Berhad

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Wan Laila Fatihah
Head, Corporate Communication
Email: wanlaila@edgenta.com

Name: Ali Baizuri Razali
Manager, Media Relations
Email : alibaizuri@edgenta.com

--BERNAMA

Documentary 'Your Voice' on Swift Response to Public Complaints to Premiere Ahead of 2024 Beijing Forum

KUALA LUMPUR, Dec 16 (Bernama) -- The documentary film "Your Voice", which focuses on the reform and development of the Swift Response to Public Complaints, is set to be publicly screened in 2025 with its premiere scheduled on Dec 17, prior to the opening of the 2024 Beijing Forum on "Swift Response to Public Complaints".

Set against the backdrop of Beijing’s governance reform, the documentary explores the central theme of driving megacity governance through citizens' demands.

Filmed with an international and humanistic perspective, Your Voice conveys the value concept of putting people first and creating a better life, according to a statement.

The documentary begins by addressing common governance challenges faced by megacities globally, using calls from citizens to the 12345 Beijing Citizen Hotline Service Center as a starting point. It shares the stories of everyday people, showcasing the transformative power of one hotline in shaping governance reforms and conveying China’s approach to the international community.

The filming team visited more than 40 relevant units at all levels in nine districts in Beijing and interviewed more than 100 staff members engaged in Swift Response to Public Complaints, taking 10 months to complete the production of the documentary.

The documentary’s theme song, "The Answer", was produced by Dong Dongdong team, the author of "Where Has the Time Gone", and sung by Wang Zhengliang.

The documentary, sponsored by the Organizing Committee of The 2024 Beijing Forum on "Swift Response to Public Complaints", and produced by the Central Newsreel and Documentary Film Studio (Group), was jointly filmed by the Organization Department and the Publicity Department of the CPC Beijing Municipal Committee, and the Beijing Municipal Bureau of Government Affair Services and Data Administration.

-- BERNAMA

SME BANK CONTINUES TO EXTEND ASSISTANCE TO FLOOD VICTIMS, POSITIVELY IMPACTING OVER 4,500 BENEFICIARIES IN KEDAH & KELANTAN

KUALA LUMPUR, Dec 18 (Bernama) -- Small Medium Enterprise Development Bank Malaysia Berhad (“SME Bank”) continues to extend assistance to flood victims by activating its second flood relief mission, following SME Bank’s recent announcement to provide immediate assistance to its customers through tailored financing solutions and relief measures.

SME Bank reaffirms its commitment towards uplifting the lives and communities in need by extending support to individuals and families affected by the nationwide flood as part of its Corporate Social Responsibility (“CSR”) initiative, aligning with the Bank’s ESG agenda which is to create lasting impact on society. Under this initiative, SME Bank contributed food baskets and essential items as well as cash assistance to the flood affected victims within these two states.

Datuk Dr. Mohammad Hardee Ibrahim, Acting Group President/Chief Executive Officer of SME Bank said, “As one of the country’s leading development financial institutions (“DFI”) mandated in the value creation of the society, we are aware of the challenges faced by victims of the flood that hit our shores recently. Thus, we heed the Government’s call for all Government agencies and corporations to play a direct role in helping the Rakyat navigate through this difficult situation. Being agile and quick to address this nationwide crisis, we continue to extend the necessary assistance beyond financing by executing our flood-relief CSR initiative in Kedah and Kelantan, benefiting over 4,500 beneficiaries in view of the high number of flood cases in these two states.”

“We are pleased to collaborate with the Jabatan Kebajikan Masyarakat (“JKM”), under the Kedah State Government, where we contributed food baskets and essential items to 400 families within the district of Kubang Pasu, Kedah – comprising over 3,500 beneficiaries in total. Meanwhile, in Kelantan we are providing our support through cash contribution to two (2) primary schools; Sekolah Kebangsaan Teluk Jering and Sekolah Kebangsaan Bendang Pa’Yong, to support post-flood recovery, benefitting 1,000 students.”

“Beyond these, our very own employees were also involved in the preparation and distribution of the food baskets in Kedah, while our employees in Kelantan were involved in the restoration and cleaning of the two affected schools,” Datuk Dr. Mohammad Hardee Ibrahim elaborated.

A handover presentation ceremony was held recently in both states. In Kedah, the ceremony saw Dato’ Muslim Hussain, Chairman of SME Bank and Datuk Dr. Mohammad Hardee Ibrahim in attendance, along with Muhammad Mahazi Ibrahim, District Officer of Pusat Kawalan Operasi Bencana (“PKOB”), Kubang Pasu – the implementing body of JKM Kedah. Meanwhile, in Kelantan, SME Bank was represented by Zabidi Abdullah, Chief Business Officer; Zarina Nor Ismail, Chief Operating Officer and Mohammad Azam Ahmad, Group Chief Risk Officer, along with Zamri Muhammad, Headmaster of Sekolah Kebangsaan Teluk Jering and Roslan Mohamed, Headmaster of Sekolah Kebangsaan Bendang Pa’Yong.

Since 2022, SME Bank has mobilised nearly 20 CSR initiatives amounting to over RM3 million with emphasis on economic empowerment, community development, and environmental preservation, including the Flood Relief Aid for Students in Penampang, Sabah and the ‘Satu Pemimpin Satu Kampung’ (“Santuni Madani”) programme among others.

In addition to these efforts, SME Bank also supports MSMEs by mobilising the Bank Negara Malaysia’s Disaster Relief Facility (“DRF”). This facility offers financing of up to RM700,000 for SMEs and RM150,000 for micro-enterprises, with a competitive rate of 3.5% per annum and a tenure of up to seven years.

For further details on SME Bank’s programs and initiatives, please visit www.smebank.com.my, SME Bank's Facebook page, or contact SME Bank’s Contact Centre at 603-26037700. Please visit https://bit.ly/41BgAwJ.

Issued by:
SME Bank Group Strategic Communication

SOURCE : SME Bank

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Arnee Ismail
Head, Group Strategic Communication
SME Bank
Tel: 03-2615 2954
Email: arnee.ismail@smebank.com.my

--BERNAMA

Capcom Unveils First New Title in Onimusha Series, Okami Sequel in Development

_{Onimusha Way of the Sword (Graphic: Business Wire)}

 
KUALA LUMPUR, Dec 16 (Bernama) -- Capcom Co Ltd, a game software developer, has announced that Onimusha Way of the Sword, the first new title in the Onimusha series in over two decades, is scheduled to be released globally in 2026.

According to Capcom in a statement, Onimusha Way of the Sword is a Japanese-inspired dark fantasy game set at the beginning of the Edo period in Kyoto, which has been eerily transformed by clouds of Malice.

In the game, players will take on the role of a samurai protagonist armed with the Oni Gauntlet, battling grotesque and otherworldly creatures known as Genma in intense sword-based combat. Capcom is eager for players to experience the thrilling action as they fight through waves of enemies.

The Onimusha series consists of swordplay action games where players assume the role of warriors with the superhuman powers of the Oni and fight against monsters bent on world domination.

Furthermore, the company has begun work on an Okami sequel project that was originally released in 2006 and set in a Japanese-style world. Players take on the role of Amaterasu and embark on an adventure to restore life in this action-adventure game.

The sequel, co-developed with the director and members of the development team from the original Okami, represents the start of a new tale for the game, which has thus far garnered critical acclaim for its unique world, thrilling adventure, and heartwarming story.

In addition to regularly releasing major new titles each year, Capcom is focusing on revitalising dormant intellectual properties (IPs) aiming to enhance its corporate value by tapping into its vast library of content.

By resurrecting beloved games like Onimusha and Okami, the company aims to deliver high-quality gaming experiences that will excite fans around the world.

Founded in 1983, Capcom is a worldwide developer, publisher, and distributor of interactive entertainment for game consoles, personal computers, and handheld and wireless devices that has created hundreds of games.

-- BERNAMA

A NEW ERA OF LEADERSHIP AT PIKOM

Caption: The newly appointed Councillors.

Back from left: Akhil Gupta, Johary Mustapha, Datuk Teoh Eng Kee, Raymond Devadass

Front from left: Ong Chin Seong, Alex Loh, Alex Liew, Anthony Raja Devadoss, Abdul Halim Md Lassim

Not in picture: Catherine Lian, Sandy Woo, Wing K. Lee and Lee Cheung Loong

PETALING JAYA, Dec 16 (Bernama) -- PIKOM, the National Tech Association of Malaysia, proudly announced its new leadership team at its 38th Annual General Meeting (AGM) held on 6 December 2024. Leading the charge is Alex Liew, Co-Founder and Executive Director of Glocomp Systems, who takes on the role of Chairman for the 2024/2025 term.

“It is an honour to serve as the Chairman of PIKOM. As we step into 2025, our mission is clear: to embrace change, adapt swiftly to the evolving tech landscape, and champion the interests of our members. Together with my fellow Councillors, we aim to foster collaboration, harness new technologies, and ensure Malaysia remains competitive on the global digital stage,” said Alex Liew in his inaugural statement as Chairman.

He further emphasized his commitment to inclusivity and expanding PIKOM’s initiatives to reach all regions of Malaysia, including the northern, southern, and eastern areas. “We aim to ensure that every member, regardless of their geographical location, benefits from PIKOM’s programs and initiatives. By increasing activities and engagement in these regions, we hope to foster a truly united and thriving tech community. Additionally, we are committed to creating programs that are inclusive for all members, recognizing and spotlighting industry players who are excelling and driving innovation forward,” added Alex Liew.

The AGM also saw the election of an accomplished team of industry leaders to the Council. Their collective expertise spans AI, software development, cybersecurity, e-commerce, automation, and cutting-edge innovations, embodying PIKOM’s commitment to representing the diverse tech ecosystem.

Newly Elected PIKOM Council Members (2024/2025):
Chairman: Alex Liew, Co-Founder & Executive Director, Glocomp Systems (M) Sdn Bhd
Deputy Chairman: Alex Loh, Regional Director, Dynatrace Malaysia Sdn Bhd
Secretary: Anthony Raja Devadoss, MD, Agensi Pekerjaan Korn Ferry (M) Sdn Bhd
Treasurer:Abdul Halim Md Lassim, MD, Digital Healthcare Solutions Sdn Bhd
Immediate Past Chairman: Ong Chin Seong, MD,Powerware Systems Sdn Bhd
Councillors:
· Wing K Lee, CEO, YTL Communications Sdn Bhd
· Sandy Woo, Country Manager, eCloudvalley Technology Sdn Bhd
· Raymond Devadass, CEO, Daythree Business Services Sdn Bhd
· Akhil Gupta, Group CEO, Talbotiq Technologies Sdn Bhd
· Johary Mustapha, Founder & CEO, Forest Interactive Sdn Bhd
· Datuk Teoh Eng Kee, MD, EKTECH Communications Sdn Bhd
· Catherine Lian, General Manager, IBM ASEAN
· Lee Cheung Loong, MD, IP ServerOne Solutions Sdn Bhd

Looking Ahead

Under the leadership of the new Council, PIKOM is poised to lead transformative initiatives to foster digital opportunities and nurture tech innovation across all sectors.

PIKOM remains steadfast in its vision to be the Voice of the Tech Industry in Malaysia, championing policies and programs that empower its members and contribute to the nation’s digital transformation agenda.

For more information, visit www.pikom.org.my

SOURCE: Persatuan Industri Komputer dan Multimedia Malaysia (PIKOM)

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Nurul Asyiqin Mohd Nasir
Email: nurul@pikom.org.my

--BERNAMA

Cloudera Enhances AI Ecosystem with CrewAI for Multi-Agent Automation

KUALA LUMPUR, Dec 12 (Bernama) -- Cloudera, a hybrid platform for data, analytics, and artificial intelligence (AI), has announced the addition of CrewAI to its Enterprise AI Ecosystem to revolutionise multi-agentic-driven workflows.

This partnership enhances Cloudera's commitment to delivering cutting-edge AI capabilities, allowing businesses to leverage their data more effectively and automate decision-making processes.

Cloudera Chief Strategy Officer, Abhas Ricky said this partnership integrates CrewAI’s advanced orchestration capabilities into its enterprise-grade platform as AI agents become a driving force behind automation and intelligence.

"By empowering everyone—from business users to developers—to harness the power of AI agents, we ensure our customers remain at the forefront of innovation, transforming their data into actionable insights with unmatched speed and precision,” he said in a statement.

Meanwhile, CrewAI Chief Executive Officer, João (Joe) Moura said: “We are thrilled to partner with Cloudera as AI agents revolutionise enterprise operations. Cloudera’s data lakehouse provides a robust foundation to power use cases that need access to high-quality data at scale, and now Cloudera customers can partner with the CrewAI Platform to drive agentic process automation.”

This strategic collaboration aims to unlock unprecedented value from enterprise data by enabling intelligent, autonomous processes that can continuously adapt, learn, self-heal, and take action in real-time.

From a product perspective, the partnership will deliver the technical use cases, including agentic extract, transform, load (ETL) elements for data processing; dynamic reports generated at runtime by multi-agent systems; and cross-organisational AI agent deployment for optimised decision-making.

AI agents are becoming more autonomous and widely adopted to empower the workforce. Cloudera and CrewAI's joint customers have already put AI agents in industries such as healthcare, financial services, industrial, and telecommunications, helping organisations address complex workflows across various sectors.

For instance, in healthcare, AI agents automate medical record analysis and diagnostic reviews; in finance, they streamline fraud detection and customer onboarding. These capabilities enhance predictive maintenance and customer support in industries like industrial and telecommunications.

As part of the partnership, CrewAI offers a solution that integrates seamlessly with Cloudera’s lakehouse and AI platform services. Through this new integration, Cloudera is empowering organisations to maximise the potential of their data assets, driving innovation, operational efficiency, and competitive advantage in an increasingly AI-driven business landscape.

This unified approach helps to ensure businesses can unlock the full potential of AI, creating impactful outcomes across their operations.

-- BERNAMA

FAAM-EUROBAT 2024 CONCLUDES WITH GROUNDBREAKING ADVANCES IN FOOD ALLERGY AND ANAPHYLAXIS RESEARCH

ATHENS, Greece, Dec 13 (Bernama-GLOBE NEWSWIRE) -- FAAM-EUROBAT 2024, held from 21-23 November at the InterContinental Athenaeum Athens, brought over 550 attendees from over 25 countries to share the latest advancements in food allergy and anaphylaxis research.

The event featured impactful sessions, debates, workshops, and plenary discussions, highlighting new evidence and the importance of collaboration in tackling health challenges in food allergy and anaphylaxis.

A standout moment was the inaugural World Anaphylaxis Awareness Day on 21 November, created by EAACI to raise global awareness about the life-threatening condition. Introduced during the Opening Ceremony, this initiative set the tone for an inspiring meeting.

A key highlight was the plenary session where the new food allergy guidelines were presented. Tanya and Nadim Ednan-Laperouse, founders of The Natasha Allergy Research Foundation, delivered a moving testimonial sharing their personal story and advocacy efforts, including Natasha’s Law, which mandates clearer allergen labelling to protect food allergy sufferers.

The launch of the EAACI Food Allergy Guidelines marked a clinical milestone, offering comprehensive recommendations to improve patient outcomes. Workshops provided deeper insights into allergen immunotherapy and novel immune mechanisms to enhance treatment effectiveness.

Poster Sessions showcased cutting-edge research, highlighting innovative approaches and practical solutions to advance allergy and immunology care.

FAAM-EUROBAT 2024 provided an exceptional platform for knowledge exchange and networking, fostering collaborations among clinicians, researchers, and patient advocates.

Professor Alexandra Santos, Co-Chair of FAAM-EUROBAT 2024, said:
"This year’s EAACI FAAM-EUROBAT conference was a testament to the power of science and collaboration between clinicians, scientists and patients with lived experience. From launching the World Anaphylaxis Awareness Day to unveiling unpublished scientific evidence and launching the new clinical guidelines for managing IgE-mediated food allergy, FAAM-EUROBAT 2024 has set a benchmark in the fight against food allergy and anaphylaxis."

As the meeting concluded, participants left inspired and equipped with new knowledge to improve patient care. FAAM-EUROBAT 2024 celebrated scientific progress and reinforced the importance of global cooperation in addressing pressing health challenges in food allergy and anaphylaxis. 

http://mrem.bernama.com/viewsm.php?idm=50006

MICHELIN Guide Doha 2025 Unveiled, Recognising 33 Top Restaurants

KUALA LUMPUR, Dec 13 (Bernama) -- The inaugural MICHELIN Guide Doha 2025 was launched at a ceremony in Raffles Doha, spotlighting 33 of the city's finest restaurants.

MICHELIN Guide International Director, Gwendal Poullennec expressed excitement over the Guide’s debut in Qatar, stating that their anonymous Inspectors had thoroughly explored the city’s diverse food scene to curate the best options across various price points and cuisines.

According to a statement, two restaurants, Jamavar and IDAM by Alain Ducasse, each earned One MICHELIN Star for their exceptional culinary experiences.

Jamavar, helmed by Chef Debdash Balaga, serves refined Indian dishes, while IDAM, under Chef Fabrice Rosso, blends Alain Ducasse's signature style with local Qatari flavours.

Meanwhile, four restaurants were awarded the Bib Gourmand for offering excellent quality at great value.

These include Isaan, specialising in Thai cuisine with three open kitchens; Jiwan, known for its modern reinterpretations of Qatari dishes; Argan, offering authentic Moroccan flavours; and Hoppers, focusing on Sri Lankan and South Indian specialities.

Three Special Awards were also given: Sirijan Saelee from Isaan received the Young Chef Award for her leadership and Thai menu; the Service Award went to Paulo Bastos and his team at Morimoto for exceptional hospitality; and Robi Ratan at IDAM was honoured with the Exceptional Cocktails Award for his creative mocktails that enhance the dining experience.

Additionally, three Special Awards were also presented. Sirijan Saelee of Isaan received the Young Chef Award for skilful leadership and a diverse Thai menu; the Service Award went to Paulo Bastos and his team at Morimoto for outstanding hospitality; and Robi Ratan at IDAM was honoured with the Exceptional Cocktails Award for his innovative mocktails that enhance the dining experience.

The launch of the MICHELIN Guide to Doha highlights the city's growing and dynamic culinary scene.

-- BERNAMA

Huangmaohai Link Begins Trial Operation, Enhancing Connectivity in The Greater Bay Area

KUALA LUMPUR, Dec 13 (Bernama) -- The Huangmaohai Link, a new major cross-sea passage project in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), commenced trial operation on Dec 11.

This six-lane, two-way expressway stretches about 31 kilometres from Pingsha Town in the city of Zhuhai to Doushan Town in Taishan, part of Jiangmen, reducing travel time between the two cities from over an hour to around 30 minutes, according to a statement.

As the western extension of the Hong Kong-Zhuhai-Macao Bridge, the passage began construction in June 2020 and passed its acceptance inspection in November 2024. It encompasses two main bridges, namely the Gaolan Port Bridge and the Huangmaohai Bridge, the latter being world's longest three-tower cable-stayed highway design bridge.

The passage, which connects Hong Kong and Macao via the Hong Kong-Zhuhai-Macao Bridge, offers stunning views of slender-waisted towers over the sea and flocks of egrets while also leading to attractions like Jiangmen’s historic watchtowers and the eco-friendly Birds’ Paradise wetland park.

Managed by the Guangdong Provincial Communication Group and involving 31 organisations and nearly 10,000 workers, the project faced formidable challenges, including frequent super typhoons, but was completed in just six years, demonstrating what officials call the “Huangmaohai speed”.

Beyond its functionality, the passage incorporates architectural beauty with five cable-stayed towers, combining aesthetics with innovation, such as advanced aerodynamic controls and environmentally sustainable design that bypasses protected reserves.

For residents of Hong Kong SAR, Macao SAR, and overseas Chinese, the Huangmaohai Link provides the fastest route to Jiangmen, forming part of a broader network of cross-sea and cross-river connections across the GBA.

This ambitious network is poised to accelerate the region's transformation into a world-class transportation hub, fostering deeper integration across industries, technology, culture, and tourism between the GBA and western Guangdong.

-- BERNAMA

VentureOne Launches Nabat to Harness AI, Robotics for Mangrove Conservation in the UAE

KUALA LUMPUR, Dec 12 (Bernama) -- VentureOne, backed by the Advanced Technology Research Council (ATRC), introduced Nabat, a climate tech venture focused on conserving and restoring mangroves and other ecosystems using artificial intelligence (AI) and robotics.

This announcement was made at the International Mangrove Conservation and Restoration Conference in Abu Dhabi, the United Arab Emirates (UAE).

Over the next seven years, Nabat plans to deploy drones, AI-powered software, and flexible seeding mechanisms to conserve and restore thousands of hectares of mangroves across the UAE, according to a statement.

Mangroves, known for storing five times more carbon than rainforest trees, play a crucial role in the UAE's ecosystem and in the global battle against climate change.

VentureOne Acting Chief Executive Officer, Reda Nidhakou explained that the core mission of the company is to launch startups that bring innovative, impactful technologies to the world.

Meanwhile, ATRC Secretary General, Faisal Al Bannai said Nabat exemplifies how the UAE is leveraging advanced technology to benefit humanity, stating that Nabat merges innovation and science to restore ecosystems, enhance biodiversity, and strengthen climate resilience as part of the country’s path to net-zero emissions.

Nabat’s AI and robotics enable precision mapping, seeding, and monitoring, ensuring conservation and restoration are tailored to each ecosystem’s unique and complex needs. Unlike traditional mangrove planting, which is labour-intensive and can even harm surrounding ecosystems, Nabat’s system touches habitats as lightly as possible.

Nabat’s advanced technology gathers detailed data on natural habitats and uses drones to plant seeds efficiently, monitoring their growth while reducing costs and ensuring scalability. The system is designed to reach hard-to-access areas, making conservation efforts more effective.

While the focus is initially on mangrove restoration in the UAE, the company plans to expand its efforts to other ecosystems, including deserts, farmland, forests, and coral reefs.

-- BERNAMA

Cake Digital Bank Set to Join Top 5 Pct of Profitable Digital Banks Globally

KUALA LUMPUR, Dec 12 (Bernama) -- Cake Digital Bank has reached a major milestone by becoming profitable in just three and a half years, positioning itself among a select group of digital banks globally that have achieved this feat so quickly. 

This success reflects Cake’s innovative approach, technological advancements, and focus on customer satisfaction in Vietnam's competitive banking landscape, according to a statement.

In 2024, Cake saw impressive growth, with revenue per user reaching US$12, a threefold increase from US$4 in 2023. Customer acquisition surged by over 60 per cent, from three million in its first two years to nearly five million in 2024, reflecting the bank’s growing market appeal. (US$1=RM4.42)

Cake processes an average of 400,000 credit applications each month—an impressive feat for a digital-only bank in Vietnam, while payment transactions have more than doubled, reaching US$4.7 billion in 2024, underscoring Cake's expanding market share and the trust customers place in its services.

Achieving breakeven in June this year, Cake became the first digital-only bank in Vietnam to announce profitability in the fourth quarter, an achievement that highlights the bank’s competitive advantage and strong customer retention rates.

A major driver of Cake’s success is its integration of artificial intelligence (AI) across all operations, enhancing both customer experience and operational efficiency.

The bank’s in-house AI solutions provide customers with quick and easy access to its services, creating a smooth, efficient experience. These innovations transform how customers manage their finances, making banking faster, more intuitive, and tailored to individual needs.

In addition to its focus on AI, Cake’s commitment to financial inclusion and ease of use is evident in its focus on accessibility for all users, regardless of their background or technical expertise.

Cake's technological innovations have earned it multiple awards, including "Technology Bank of the Year" and "Best AI Technology Implementation" in 2024.

Having achieved profitability, Cake is poised for continued growth and is positioned to become a model for digital-only banks. With its focus on innovation and commitment to accessible banking and financial inclusion, it is set to play a pivotal role in shaping the future of Vietnam’s financial and banking sectors.

-- BERNAMA

ONESIGHT ESSILORLUXOTTICA FOUNDATION JOINS WHO'S SPECS 2030 INITIATIVE FOR GLOBAL EYE HEALTH

KUALA LUMPUR, Dec 10 (Bernama) -- The OneSight EssilorLuxottica Foundation has collaborated with the World Health Organization (WHO) as a global partner on the WHO’s SPECS 2030 initiative.

This initiative builds on the world’s first-ever global target to increase effective refractive error coverage by 40 per cent by 2030, which was endorsed by WHO Member States in 2021 at the World Health Assembly.

OneSight EssilorLuxottica Foundation President and EssilorLuxottica Head of Mission, Anurag Hans highlighted the transformative potential of the collaboration, stating that 961 million people in some of the most remote communities now have access to vision care services within a day’s journey, and 84 million pairs of eyeglasses have been distributed to those in need thanks to the foundation’s efforts.

"Uncorrected poor vision affects 2.7 billion people worldwide, posing a significant challenge. By uniting WHO’s leadership in public health with our expertise in delivering innovative, on-the-ground solutions, we believe we can create a multiplier effect to extend vision care to even the most underserved regions,” he said in a statement.

Meanwhile, WHO Assistant Director-General, Universal Health Coverage, Communicable and Noncommunicable Diseases, Dr Jérôme Salomon emphasised the importance of collaborative action in achieving global eye health targets.

"Vision care is not just a health priority – it is a social and economic imperative. The SPECS 2030 initiative, which underpins the UN ‘Vision for Everyone’ resolution, reminds us that effective collaboration can amplify impact, delivering tangible results for communities worldwide," said Salomon.

This collaboration reflects a shared commitment to improving lives through better vision and advancing progress toward Sustainable Development Goals, especially in health, education, and economic participation.

The collaboration will focus on sharing knowledge, providing technical input, and enhancing data to improve global access to vision care, particularly in low-resource areas. Both organisations aim to implement the UN’s ‘Vision for Everyone’ resolution, addressing myopia, refractive errors, and social inclusion through sustainable solutions.

The WHO SPECS 2030 initiative accelerates global eye health efforts by focusing on five key pillars, namely services, improving access to refractive services; personnel, building the capacity of eye care professionals; education, promoting public awareness about eye health; cost, reducing the cost of eyeglasses and services; and surveillance, strengthening data collection and research.

Across these areas, the foundation will provide technical input, share best practices, and contribute data to inform WHO’s initiatives in alignment with the global eye care target of effective refractive error coverage.

-- BERNAMA

Macao's Economic Diversification Reaches New Heights

KUALA LUMPUR, Dec 11 (Bernama)  -- A recent graduate from California, Hui Ho-Kit has returned to his hometown in China’s Macao Special Administrative Region (SAR) with a mission to introduce advanced robotics technology from the Chinese mainland.

Leveraging the resources and opportunities provided by the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), he was able to establish his business and tap into the region's growing tech ecosystem, according to a statement.

Hui highlighted the collaborative advantages within the GBA, where each city leverages its unique strengths—Macao’s Portuguese ties, Hong Kong’s financial power, and Shenzhen’s leadership in smart manufacturing—creating an environment conducive to innovation and growth.

His journey symbolises the ongoing transformation in Macao, which is moving away from a gaming-dependent economy to embrace new industries.

Since its return to China in 1999, Macao has steadily diversified its economy, with the GBA playing a key role by providing resources to support sectors such as technology, finance, and culture. Currently, Macao is emerging as a centre for innovation, not just tourism.

Last November, the Macao SAR government released a development plan for 2024 to 2028, aimed at further diversifying the economy, with a focus on sectors such as high-tech industries, modern finance, and traditional Chinese medicine.

This plan aligns with the growing trend of tech innovation in the city, exemplified by increased revenue from industry-university-research collaborations and the rise in patents from Macao's higher education institutions. Macao also made strides in space exploration, launching its first space science satellite at the Jiuquan Satellite Launch Center last May.

Large-scale events, such as the International Fireworks Display Contest, the International Music Festival, and the Grand Prix, continue to attract millions of tourists each year, providing a fresh source of energy for Macao’s economy and helping reduce its reliance on gaming.

Additionally, infrastructure development, including the Guangdong-Macao Deep Cooperation Zone in Hengqin, has enhanced connectivity with neighbouring cities like Zhuhai. The high volume of daily cross-border traffic boosts trade, tourism, and collaboration, further strengthening Macao’s role as a regional hub.

Strategic land development and sustainable urban planning are also contributing to the city’s balanced growth within the GBA, ensuring continued economic prosperity.

-- BERNAMA

Duck Creek Appoints Three Senior Executives to Drive Global Growth, Innovation

KUALA LUMPUR, Dec 11 (Bernama) -- Duck Creek Technologies has appointed three seasoned executives to its senior global leadership team with the goal of fuelling growth and transformation for the company as well as its customers.

These executives are senior vice president of North American Sales, William Magowan; managing director of EMEA, Elodie Hilderal; and managing director of APAC, Christian Erickson.

Duck Creek Technologies chief executive officer, Mike Jackowski emphasised that these appointments are crucial for the company’s plans for growth and global expansion in 2025. 

“All three of these executives have the background, know-how, and proven success to help ensure Duck Creek continues to lead our industry for the lasting benefit of insurance companies and policyholders,” he said in a statement.

Together, they will work with the larger organisation to forge new opportunities for expansion and revenue growth while ensuring the delivery of world-class experiences for Duck Creek’s customers and partners worldwide.

These executives bring extensive insurance technology experience to Duck Creek. Magowan rejoined Duck Creek and has over 20 years of experience leading high-performance sales teams and driving product innovation in the insurance technology sector.

Meanwhile, Hilderal previously served as Duck Creek’s vice president of sales and has 15 years of leadership roles in the insurance and reinsurance software industry.

On the other hand, Erickson brings over 25 years of experience in enterprise software, cloud services, cybersecurity, and professional services to his new role, having held leadership roles at companies such as Cognizant and Accenture.

A global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, Duck Creek Technologies is the platform upon which modern insurance systems are built, enabling the industry to capitalise on the power of the cloud to run agile, intelligent, and evergreen operations.

-- BERNAMA

Vietnam’s Cake Digital Bank Achieves Profitability in Just 3.5 Years

KUALA LUMPUR, Dec 10 (Bernama) -- Cake Digital Bank, Vietnam's pioneering digital bank, has achieved a remarkable milestone, becoming the first digital-only bank in Vietnam to attain profitability merely 3.5 years after its inception, underscoring its profound impact on Vietnam's financial sector.

“Cake Digital Bank's significant profitability milestone reflects our unwavering commitment to innovation, customer-centric services, and sustainable growth. Our team's dedication and customers' trust have been pivotal in reaching this landmark.

“As we look ahead, we remain steadfast in advancing financial inclusion and delivering exceptional digital banking experiences for all,” said its Chief Executive Officer, Nguyen Huu Quang in a statement.

Launched in 2021, Cake has demonstrated efficiency and scalability, achieving breakeven in June this year, and by the fourth quarter of this year, the company announced profitability, distinguishing itself as Vietnam's first digital-only bank to achieve such a distinction.

This remarkable success is fuelled by outstanding business performance, with revenue per user reaching US$12 in 2024, a substantial threefold increase from the US$4 per user recorded in 2023, while the client base expanded from three million in the first two years to 4.1 million by the end of 2023 and reached nearly five million in 2024. (US$1=RM4.42)

Additionally, Cake's robust pipeline of credit operations is evident, with an average of 400,000 credit applications processed monthly, an impressive number for a digital-only bank in Vietnam.

In alignment with its strategic roadmap, Cake aims to position itself within the top five per cent of the world's most profitable digital banks, emphasising its commitment to sustainable growth within the competitive fintech landscape.

Cake has achieved a remarkable profitability milestone primarily by meeting the diverse banking needs of its target demographic, particularly the tech-savvy Gen Z and young Millennials.

As Vietnam’s pioneering digital-only bank, Cake is well-designed to provide an accessible and straightforward banking experience for everyone and encourage financial inclusion, offering a comprehensive range of financial products tailored to all banking needs.

Leveraging cutting-edge technology, Cake creates perfect financial experiences with artificial intelligence (AI)-driven solutions, whereby its innovative use of AI has earned industry accolades such as the “Technology Bank of the Year” and the “Best AI Technology Implementation”.

-- BERNAMA

ENCORP KLASIK RUN CONCLUDES SHAH ALAM HARI TANPA KENDERAAN 2024 ON A HIGH NOTE

The flag-off ceremony for the Encorp Klasik Run 2024 at Dataran Kemerdekaan Shah Alam saw the participation of 3,000 enthusiastic runners.

SHAH ALAM, Dec 9 (Bernama) -- The ENCORP Klasik Run brought together over 3,000 participants from diverse backgrounds, concluding the 2024 Shah Alam Hari Tanpa Kenderaan (SAHTK) with a vibrant showcase of community spirit. Organized for the first time by ENCORP in partnership with the Shah Alam City Council (MBSA), the 5km fun run embraced a classic era theme, bringing the community together in a joyous celebration of unity and nostalgia.

The ENCORP Klasik Run was officially flagged off by the Mayor of Shah Alam, Y.Bhg Dato’ Haji Mohd Fauzi Mohd Yatim, alongside ENCORP’s Officer-In-Charge/ Group Chief Financial Officer, Encik Kamarul Azman bin Kamarozaman@ Amir. The event also included runs hosted by Rakan Muda, Larian Santai Hari OKU Sedunia and the Malaysian Crime Prevention Foundation, culminating in a total of nearly 6,000 participants, further reflecting the vibrant spirit of togetherness.

Participants embraced the theme with creativity, donning traditional and classic attire, while soaking in the nostalgic ambiance complemented by classical music throughout the event. Finishers were awarded commemorative medals and excitement peaked with a best-dressed competition offering attractive prizes including gift hampers and electrical goods. A highly anticipated lucky draw further thrilled attendees, with a range of enticing prizes up for grabs.

Side activities, ranging from entertainment performances to children’s games and promotional booths creating a vibrant community gathering.

ENCORP management expressed appreciation for the enthusiastic response to the fun run event, highlighting the significant turnout of over 3,000 participants, ENCORP emphasized that the success of the inaugural Encorp Klasik Run is a reflection of the company's ongoing commitment to promoting a healthy lifestyle while bringing the community together.

Looking ahead to ENCORP’s 25th anniversary next year, management noted that this event exemplifies the company’s vision of going beyond merely building homes. ENCORP is commited to fostering thriving communities and the collaboration with MBSA has played a pivotal role in reinforcing this dedication. The event also provided an opportunity for ENCORP to showcase the Tilia project, which marks the final phase of the Encorp Cahaya Alam township development.

Launched in 2004, Encorp Cahaya Alam is a 210-acre leasehold project that is a joint venture between Encorp Berhad and the Selangor State Development Corporation (PKNS). With a Gross Development Value (GDV) of around RM1 billion, this township has become one of Shah Alam’s key residential areas, offering modern homes.

The Tilia project, marking the final phase, features 112 units of two-storey superlink homes with land sizes of 24 x 80 feet and offering spacious built-up areas ranging from 2,408 to 3,131 square feet. With prices starting at RM966,000, Tilia completion is anticipated in the fourth quarter of 2025.

About Encorp Berhad (ENCORP)
(Ticker: ENCORP/6076), ENCORP is principally an investment-holding company. For more information, visit encorp.com.my

SOURCE: Encorp Berhad (ENCORP)

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Saidah Umairah Binti Zul Azki
Tel: 03-6286 7634 / 017 684 0824
Email: umairah@encorp.com.my

--BERNAMA

AI-Media Secures 5-Year Deal With CME To Enhance Accessibility In Central, Eastern Europe

KUALA LUMPUR, Dec 5 (Bernama) -- AI-Media, a global leader in artificial intelligence (AI)-driven live and recorded captioning and language technology, has announced a strategic five-year agreement with Central European Media Enterprises (CME), its first major deal in Central and Eastern European.

AI-Media will deliver live captioning services via its state-of-the-art LEXI solution, powered by its SDI encoder network, across CME’s six flagship television stations located in Croatia, Slovenia, Bulgaria, Romania, Czechia, and Slovakia.

Under this multi-year agreement, AI-Media will provide AI-generated live captions for each station, catering to CME’s goal of advancing accessibility and meeting its environmental, social, and governance (ESG) objectives.

AI-Media Vice President of International Sales, John Peck said CME’s commitment to accessibility is aligned with AI-Media’s vision.

“This partnership with CME is an exciting milestone, representing our first major broadcaster in Eastern Europe and results in millions of CME viewers receiving increased access to content via our LEXI captioning solution in six distinct languages.

“We look forward to supporting CME as they drive accessibility across Central and Eastern Europe,” he said in a statement.

Meanwhile, CME Head of Social Purpose and Sustainability, Hana de Goeij said: “Our research indicates that over 10 per cent of viewers in our markets have some form of hearing difficulty. By addressing the needs of people with impairments, CME ensures equal access to information and entertainment for all, regardless of ability.”

CME’s decision to implement live closed captioning is motivated by both strategic and legislative priorities. This move aims to establish a new standard for accessibility in regions with limited access to human captioning resources, furthering its broader mission of promoting inclusivity and reaching a larger audience.

AI-Media’s future-proofed products empower CME to expand its accessibility offerings, setting a new benchmark for inclusivity in broadcasting, making a lasting impact on millions of viewers across the region.

-- BERNAMA

2024 UNDERSTANDING CHINA CONFERENCE SPOTLIGHTS MODERNISATION, GLOBAL COOPERATION

The 2024 Understanding China Conference (Guangzhou) took place at the Guangzhou Yuexiu International Congress Center. (Photo: Business Wire)

KUALA LUMPUR, Dec 5 (Bernama) -- The 2024 Understanding China Conference took place at the Guangzhou Yuexiu International Congress Center on Dec 3, convening over 600 participants from political, strategic, business, academic, and think tank sectors, both domestic and international.

Themed “Carrying Reform Forward: Chinese Modernization and New Opportunities for World Development”, the conference was organised by the China Institute for Innovation and Development Strategy, the Chinese People’s Institute of Foreign Affairs, and the Guangdong Provincial Government.

This event, which has become a key international platform for dialogue on China’s development strategy, saw a noticeable increase in global participation, with over 100 international delegates, including representatives from Hong Kong, Macao, and several former heads of state and high-ranking officials.

This diverse representation reflects the growing importance of the conference in fostering international dialogue and building global consensus, according to a statement.

The event featured a broad range of activities, including keynote speeches at the opening ceremony, six parallel seminars, 14 thematic forums, two closed-door discussions, and multiple supporting activities. It also attracted over 100 media outlets from both China and abroad, highlighting its role in fostering international engagement.

Discussions at the conference focused on China’s reforms and modernisation process, emphasising how these efforts contribute not only to national development but also to global growth and stability. Former Ethiopian President Mulatu Teshome highlighted that China's progress presents new opportunities for international development and cooperation.

This year's event highlighted the global significance of China’s reforms and the progress of Chinese-style modernisation, addressing key topics such as the unity of China’s ethnic groups, cultural preservation, and the advancement of women in leadership roles.

By promoting cultural exchange and collaboration, the conference aimed to bridge international divides and foster mutual understanding.

-- BERNAMA

Kioxia UFS 4.0 Flash Obtains Automotive SPICE CL2 Certification, Setting Industry Benchmark

KUALA LUMPUR, Dec 4 (Bernama) -- Kioxia Corporation, a world leader in memory solutions, has received Automotive Software Process Improvement and Capability dEtermination (ASPICE) Capability Level 2 (CL2) certification for its Universal Flash Storage (UFS) Ver. 4.0 embedded flash memory devices designed for automotive applications.

According to the company in a statement, Kioxia is the first company to achieve this distinction for automotive grade UFS Ver. 4.0 certification as per its survey. 

ASPICE, based on the ISO/IEC 33000 series of standards, is an internationally recognised framework for assessing and improving software development processes, specifically tailored to the automotive industry. 

Achieving ASPICE CL2 certification signifies that Kioxia has implemented structured processes for project management and software development, ensuring consistent quality and traceability. 

This certification is a testament to Kioxia’s capability to meet the stringent software development and quality standards that automotive manufacturers and Tier 1 suppliers demand in automotive grade UFS Ver. 4.0 devices, further solidifying its leadership in the embedded memory market for automotive applications.

New, advanced features and functionalities have been included in UFS Ver. 4.0 to address demanding automotive application requirements.

Kioxia’s higher-performing UFS devices deliver fast embedded storage transfer speeds in a small package size and are targeted to a variety of next-generation automotive applications, including infotainment, Integrated Cockpit System, Advanced Driving Assistant System (ADAS) and Autonomous Driving.

The improved performance of UFS products from Kioxia enable these applications to take advantage of 5G’s connectivity benefits, leading to faster system startup times and a better user experience.

This achievement underscores Kioxia's relentless pursuit of industry-recognised certifications, reflecting its dedication to maintaining the highest standards of quality, security, and innovation throughout its operations.

-- BERNAMA