KUALA LUMPUR, April 15 (Bernama) -- Funko Inc, a global pop culture lifestyle brand, has announced the opening of the first Southeast Asian Funko-licensed store by local retailer, Funtastik Enterprises Corp, in the Philippines, scheduled for June this year.
This expansion marks another milestone in Funko’s international growth strategy, reinforcing its commitment to meeting fans where they are and bringing the brand experience closer to its most passionate communities.
“As a global brand, Funko is committed to expanding our presence in the most engaged and fastest-growing fan communities. The Philippines has been one of our strongest-performing markets in Asia, and this licensed store represents our investment in its passionate fanbase.
“We have seen great success with similar licensed stores in the Middle East, and we are excited to bring that same momentum here,” said Funko Chief Executive Officer, Cynthia Williams in a statement.
Driven by thriving comic conventions, strong community engagement, and a booming e-commerce ecosystem, the Philippines is one of the most active markets for pop culture in Southeast Asia.
Filipino fan communities rank among the world’s most engaged audiences for Funko, making this location a strategic move to bolster local engagement and attract new fans as the company has partnered with Funtastik based on its experience in the market and focus on customer service.
Located in SM Mall of Asia, the immersive retail space is expected to offer exclusive product drops and interactive zones, celebrating beloved entertainment, sports, and music franchises, as well as the growing world of anime.
With this launch, Funko continues to accelerate its global reach through best-in-class retail and licensing partnerships, shaping the next era of fan culture across Asia and beyond.
-- BERNAMA
Tuesday, April 15, 2025
Friday, April 11, 2025
Innovation Meets Impact: SEEd.Lab Showcases Six Social Ventures at S.L.I.D.E 2025
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| Photo 2 - SEEd.Lab's Cohort 3 coaches and social entrepreneurs |
KUALA LUMPUR, April 11 (Bernama) -- SEEd.Lab, or Social Enterprise Education Laboratory – an incubator programme powered by PETRONAS and Tata Consultancy Services (TCS) – organised the SEEd.Lab Impact Driven Experience (S.L.I.D.E 2025), which saw the presentation of innovative solutions by six pioneering ventures from its third cohort to potential funders, industry leaders, and collaborators.
S.L.I.D.E 2025 provided an avenue for the ventures to accelerate their growth by establishing meaningful collaborations, securing mentorship, and building strategic partnerships to bring their innovations to the market. The six ventures span various industries, including sustainable agriculture, financial empowerment, STEM education, and elderly care. Each startup is developed through SEEd.Lab's intensive incubation programme, equipping participants with the tools to scale their solutions in creating meaningful changes to address Malaysia’s most pressing social challenges.
Head of SEEd.Lab, Aidonna Jun Ayub said, "Since its inception, SEEd.Lab has empowered changemakers by providing mentorship, funding, and commercialisation support. To date, SEEd.Lab has birthed 14 social ventures including six from its third cohort and positively touched 28,000 lives.”
“S.L.I.D.E 2025 serves as a crucial platform for these ventures to showcase their social businesses and secure strategic partnerships that will accelerate their growth and forge solutions for the communities. Making positive changes in the community is a collective effort, and SEEd.Lab is an active participant in this endeavour," added Aidonna.
The six social ventures showcased at S.L.I.D.E 2025 were:
AquFish: Helping fish farmers optimise feeding through precision-based smart monitoring systems.
ArtsProud: Igniting creative connections for seniors, combating isolation and enhancing cognitive health through immersive arts experiences that transform aging.
LearnaDo: Levelling up students' interest in science through game-based learning to make STEM education an unforgettable adventure.
ProLadang: Empowering farmers with satellite-driven insights for early pest and disease detection.
Quinterra: Pioneering sustainable food waste solutions through bioconversion using black soldier flies, and aquaponic regenerative farming.
Sagemaker Asia: Empowering financially vulnerable women to turn their sewing talents into sustainable businesses, creating handcrafted interactive Busy Storybooks for young children and corporate gifts.
Attendees at S.L.I.D.E 2025 had the opportunity to engage directly with the founders, explore potential collaboration and partnership opportunities, and contribute to shaping the future of sustainable and impactful business solutions. These ventures are eager to form strategic alliances with organisations and individuals who share their vision for creating lasting, positive changes. With the right support and collaboration, they aim to scale their impact and expand their reach to communities in need.
PETRONAS Executive Vice President and Chief Executive Officer of Downstream, Datuk Sazali Hamzah said, "Our mission at SEEd.Lab extends beyond the bottom line. The social enterprises that were grown within the programme demonstrate the power of a common vision and passion for change. We have seen the impact our ventures have created throughout the past five years SEEd.Lab has been operating and we firmly believe that these changemakers are the key to addressing some of Malaysia’s most pressing social challenges, one community at a time. We hope that S.L.I.D.E 2025 will create new opportunities for like-minded collaborators from industries as well as communities that will help strengthen the foundations of the ventures in their pursuit of impact creation and making a difference for the community they serve.”
Tata Consultancy Services (TCS) Malaysia Country Head Jeevan Rajoo said, "SEEd.Lab equips these entrepreneurs with the necessary tools, mentorship, and resources to develop scalable solutions that can truly make a difference. S.L.I.D.E 2025 is the bridge that connects their vision with the collaborative support they need to grow. These ventures have already laid the foundation for impactful change, but they need the right partners to go further. I encourage stakeholders from all sectors to explore the opportunities for collaboration they present and be part of their journey. This is a chance for funders and partners to make a real difference while being part of something transformative."
SEEd.Lab is the country's first 12-to-18 month incubation programme which incorporates an end-to- end journey that spans over the essential stages of a start-up's growth. It is modelled around the TCS Digital Impact Square (DiSQ) in India, an open social innovation centre that encourages innovation using digital technologies to address social challenges prevalent in the community and customised to address the needs of communities in Malaysia.
With its continued success, SEEd.Lab remains committed to fostering a new wave of entrepreneurs dedicated to solving societal challenges. Applications for the next cohort will open soon, offering more aspiring changemakers the chance to be part of this transformative initiative.
Further information on SEEd.Lab can be found at www.seedlab.my.
About Petroliam Nasional Berhad (PETRONAS)
As a global energy and solutions partner, PETRONAS is driven by its purpose to enrich lives for a sustainable future. With presence in over 100 countries, the group continues expanding its portfolios ranging from conventional and cleaner energy solutions to a diverse range of fuel, lubricants and petrochemical products. While ensuring sustainable practices across its operations, PETRONAS strives to ensure just and equitable outcomes in transitioning to a lower carbon future.
About Tata Consultancy Services (TCS)
Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) is a digital transformation and technology partner of choice for industry-leading organizations worldwide. Since its inception in 1968, TCS has upheld the highest standards of innovation, engineering excellence and customer service.
Rooted in the heritage of the Tata Group, TCS is focused on creating long term value for its clients, its investors, its employees, and the community at large. With a highly skilled workforce of over 607,000 consultants in 55 countries and 180 service delivery centres across the world, the company has been recognized as a top employer in six continents. With the ability to rapidly apply and scale new technologies, the company has built long term partnerships with its clients – helping them emerge as perpetually adaptive enterprises. Many of these relationships have endured into decades and navigated every technology cycle, from mainframes in the 1970s to Artificial Intelligence today.
TCS sponsors 15 of the world’s most prestigious marathons and endurance events, including TCS New York City Marathon, TCS London Marathon and TCS Sydney Marathon with a focus on promoting health, sustainability, and community empowerment. TCS generated consolidated revenues of US $29 billion in the fiscal year ended March 31, 2024. For more information, visit www.tcs.com
About SEEd.Lab
SEEd.Lab is a social enterprise innovation hub by Petroliam Nasional Berhad (PETRONAS) and Tata Consultancy Services (TCS), targeting to address social pain points in Malaysia by promoting self- sustaining social enterprises that forge solutions for the communities, leveraging the power of technology and innovation. To find out more, visit www.seedlab.my
For photos, please click here:
https://drive.google.com/drive/folders/1yx2J0dPGBk_H4DTkqihNUnKc-bC_1Ew9?usp=sharing
Photo 1 – Datuk Sazali Hamzah inspires collaboration at S.L.I.D.E. 2025
Photo 2 – SEEd.Lab's Cohort 3 coaches and social entrepreneurs
Photo 3 – Head of SEEd.Lab, Aidonna Jun Ayub
Photo 4 – Head of SEEd.Lab, Aidonna Jun Ayub
Issued by
Media Communications
Group Strategic Relations and Communications
PETRONAS
SOURCE: PETRONAS
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Nabil Basaruddin
Tel: +6012 4249 750
Email: nabil.basaruddin@petronas.com.my
Name: Anisa Adnin Mohamad
Tel: +6013 9042 724
Email: anisaadnin.mohamad@petronas.com.my
--BERNAMA
Wednesday, April 9, 2025
CBL INTERNATIONAL TO FILE 2024 ANNUAL REPORT, HOST WEBCAST
KUALA LUMPUR, April 9 (Bernama) -- CBL International Limited (CBL), the Nasdaq-listed arm of Banle Group, announced it will file its annual report on Form 20-F for 2024 on April 16.
Following this, CBL in a statement said it will host a live webcast on April 17, where its management will discuss the group’s performance, strategic plans, and market developments.
The webcast will feature key executives, including its Chairman & Chief Executive Officer, Dr Teck Lim Chia; Assistant Chief Financial Officer, Nicholas Fung; and Investor Relations & Public Relations Director, Venus Zhao.
CBL represents Banle Group, an Asia-Pacific marine fuel logistics provider operating in more than 60 global ports, including key hubs in Europe, Asia, and the Americas.
-- BERNAMA
Following this, CBL in a statement said it will host a live webcast on April 17, where its management will discuss the group’s performance, strategic plans, and market developments.
The webcast will feature key executives, including its Chairman & Chief Executive Officer, Dr Teck Lim Chia; Assistant Chief Financial Officer, Nicholas Fung; and Investor Relations & Public Relations Director, Venus Zhao.
CBL represents Banle Group, an Asia-Pacific marine fuel logistics provider operating in more than 60 global ports, including key hubs in Europe, Asia, and the Americas.
-- BERNAMA
AEON CREDIT RECORDED 14.6% REVENUE GROWTH TO RM575.04 MILLION IN Q4FYE25
The Group declares a final single-tier dividend of 14.50 sen per shares in respect of FYE25
KUALA LUMPUR, April 9 (Bernama) -- AEON Credit Service (M) Berhad (“AEON Credit” or the “Group”) today reported a 14.6% growth in revenue to RM575.04 million in the fourth quarter ended 28 February 2025 (“Q4FYE25”) compared to RM501.57 million of the preceding year corresponding to quarter ended 29 February 2024 (“Q4FYE24”).
The Group’s transaction and financing volume surged by 16.7%, reaching RM2.16 billion in Q4FYE25, compared to RM1.85 billion in Q4FYE24. Correspondingly, the Group’s gross financing receivables rose by RM1.89 billion, reaching RM14.12 billion in Q4FYE25, marking a 15.4% growth from RM12.23 billion in Q4FYE24. This expansion was driven by the Group’s strategic focus on penetrating the M40 segment, strengthening its asset quality through refined product offerings of Vehicle Financing, collaborative campaigns with AEON Group and ongoing efforts to promote digital onboarding.
Both Profit Before Tax (“PBT”) and Profit After Tax (“PAT”) grew to RM179.70 million and RM131.00 million respectively. The strong performance was underpinned by robust revenue growth driven by Personal Financing and Vehicle Financing with solid receivable growth across key products. However, this was partially offset by higher impairment losses on financing receivables that reflected an increase of RM71.30 million mainly contributed by higher receivables, along with increased other operating expenses in line with higher sales and revenue generated costs.
The Board has recommended a final single-tier dividend of 14.50 sen per share, scheduled for payment on 24 July 2025, subject to shareholder approval at the forthcoming Annual General Meeting, with the date to be announced later. The total dividend payable for FYE25 amounting to RM146.80 million with a payout ratio of 39.6%.
For the financial year ended 28 February 2025 (“FYE25”), the Group reported a 15.1% growth in revenue to RM2.20 billion compared to RM1.91 billion recorded in the preceding year (“FYE24”). The growth was driven by 15.3% increase in transaction and financing volume, which reached RM8.41 billion year-on-year (“YoY”).
PBT and PAT stood at RM513.51 million and RM370.61 million respectively, after accounting for a RM68.33 million share of losses from AEON Bank, an associate company. This translated to earnings per share (“EPS”) of 72.58 sen and a return on average equity (“ROE”) of 13.6%.
The Group’s Non-Performing Loans (“NPL”) ratio recorded a marginal increase to 2.64% in FYE25, compared to 2.57% in FYE24. AEON Credit remains committed to prudent credit risk management, with a strong emphasis on maintaining asset quality. This includes strengthening credit assessment policies through the introduction of a new credit limit multiplier policy, implementing enhanced training programs to improve credit judgment skills, and proactively monitoring and managing underperforming portfolios to ensure sustainable growth.
Prospect:
Malaysia’s GDP grew by 5.0% in Q4 2024, driven by stronger private spending and a recovery in exports. However, this was slightly lower than the 5.4% growth recorded in Q3. Looking ahead, Bank Negara Malaysia projects economic growth of between 4.5% and 5.5% in 2025, supported by sustained domestic expenditure and improving external demand.
In response to prevailing geopolitical tensions, inflationary pressures, and ongoing volatility in global financial markets, the Group maintains a cautious yet strategic approach to business. It remains committed to prudent growth, prioritizing high-quality assets while actively managing credit risks within its financing portfolios.
As the Group enters the new financial year, it remains focused on long-term sustainability, staying true to its purpose of "Bringing Finance Closer to Everyone." To realize this vision, the AEON Living Zone initiative has been set in motion. A dedicated project team has been formed, targeting a market rollout in the first half of FYE2026. This initiative will introduce a tiered membership program with enhanced privileges, designed to expand customer reach while strengthening loyalty. Further collaborations will continuously enhance the AEON Living Zone ecosystem by expanding the features of AEON Wallet, providing customers with a more seamless and integrated financial experience.
AEON Bank has introduced a range of new products set for release in the coming financial year, including the recent introduction of Shariah-Compliant Personal Financing of up to RM10,000. Complementing this initiative, AEON Bank has also launched "Neko Missions," an innovative gamification-based stamp program designed to deepen customer engagement.
With these strategic initiatives, the Group remains committed to delivering value-driven financial solutions while adapting to an evolving economic landscape.
Barring unforeseen circumstances, the Group expects to be able to maintain its business momentum by implementing the appropriate measures for the financial year ended 28 February 2026.
ABOUT AEON CREDIT SERVICE (M) BERHAD
AEON Credit Service (M) Berhad (“AEON Credit”) was incorporated on 6 December 1996 and converted into a public limited company on 9 February 2007 and subsequently listed on the Main Market at Bursa Malaysia Securities Berhad on 12 December 2007. Today, the business of the Group has involved in issuance of Credit Cards, Prepaid Cards, AEON Wallet App, Easy Payment Schemes, Hire Purchase Financing for Motor Vehicles, Personal Financing Schemes, Insurance Broker, Digital Islamic Banking, and other related services. The Group currently has 5 Regional Offices, 60 branches and service centres located in the major shopping centres and towns, a network of more than 7,700 participating merchant outlets nationwide.
Issued by AEON Credit Service (M) Berhad
SOURCE: Aeon Credit Service (M) Berhad
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Ms. Tanny Tan
Tel: +603 2772 9113
Email: corp_communication@aeoncredit.com.my
--BERNAMA
KUALA LUMPUR, April 9 (Bernama) -- AEON Credit Service (M) Berhad (“AEON Credit” or the “Group”) today reported a 14.6% growth in revenue to RM575.04 million in the fourth quarter ended 28 February 2025 (“Q4FYE25”) compared to RM501.57 million of the preceding year corresponding to quarter ended 29 February 2024 (“Q4FYE24”).
The Group’s transaction and financing volume surged by 16.7%, reaching RM2.16 billion in Q4FYE25, compared to RM1.85 billion in Q4FYE24. Correspondingly, the Group’s gross financing receivables rose by RM1.89 billion, reaching RM14.12 billion in Q4FYE25, marking a 15.4% growth from RM12.23 billion in Q4FYE24. This expansion was driven by the Group’s strategic focus on penetrating the M40 segment, strengthening its asset quality through refined product offerings of Vehicle Financing, collaborative campaigns with AEON Group and ongoing efforts to promote digital onboarding.
Both Profit Before Tax (“PBT”) and Profit After Tax (“PAT”) grew to RM179.70 million and RM131.00 million respectively. The strong performance was underpinned by robust revenue growth driven by Personal Financing and Vehicle Financing with solid receivable growth across key products. However, this was partially offset by higher impairment losses on financing receivables that reflected an increase of RM71.30 million mainly contributed by higher receivables, along with increased other operating expenses in line with higher sales and revenue generated costs.
The Board has recommended a final single-tier dividend of 14.50 sen per share, scheduled for payment on 24 July 2025, subject to shareholder approval at the forthcoming Annual General Meeting, with the date to be announced later. The total dividend payable for FYE25 amounting to RM146.80 million with a payout ratio of 39.6%.
For the financial year ended 28 February 2025 (“FYE25”), the Group reported a 15.1% growth in revenue to RM2.20 billion compared to RM1.91 billion recorded in the preceding year (“FYE24”). The growth was driven by 15.3% increase in transaction and financing volume, which reached RM8.41 billion year-on-year (“YoY”).
PBT and PAT stood at RM513.51 million and RM370.61 million respectively, after accounting for a RM68.33 million share of losses from AEON Bank, an associate company. This translated to earnings per share (“EPS”) of 72.58 sen and a return on average equity (“ROE”) of 13.6%.
The Group’s Non-Performing Loans (“NPL”) ratio recorded a marginal increase to 2.64% in FYE25, compared to 2.57% in FYE24. AEON Credit remains committed to prudent credit risk management, with a strong emphasis on maintaining asset quality. This includes strengthening credit assessment policies through the introduction of a new credit limit multiplier policy, implementing enhanced training programs to improve credit judgment skills, and proactively monitoring and managing underperforming portfolios to ensure sustainable growth.
Prospect:
Malaysia’s GDP grew by 5.0% in Q4 2024, driven by stronger private spending and a recovery in exports. However, this was slightly lower than the 5.4% growth recorded in Q3. Looking ahead, Bank Negara Malaysia projects economic growth of between 4.5% and 5.5% in 2025, supported by sustained domestic expenditure and improving external demand.
In response to prevailing geopolitical tensions, inflationary pressures, and ongoing volatility in global financial markets, the Group maintains a cautious yet strategic approach to business. It remains committed to prudent growth, prioritizing high-quality assets while actively managing credit risks within its financing portfolios.
As the Group enters the new financial year, it remains focused on long-term sustainability, staying true to its purpose of "Bringing Finance Closer to Everyone." To realize this vision, the AEON Living Zone initiative has been set in motion. A dedicated project team has been formed, targeting a market rollout in the first half of FYE2026. This initiative will introduce a tiered membership program with enhanced privileges, designed to expand customer reach while strengthening loyalty. Further collaborations will continuously enhance the AEON Living Zone ecosystem by expanding the features of AEON Wallet, providing customers with a more seamless and integrated financial experience.
AEON Bank has introduced a range of new products set for release in the coming financial year, including the recent introduction of Shariah-Compliant Personal Financing of up to RM10,000. Complementing this initiative, AEON Bank has also launched "Neko Missions," an innovative gamification-based stamp program designed to deepen customer engagement.
With these strategic initiatives, the Group remains committed to delivering value-driven financial solutions while adapting to an evolving economic landscape.
Barring unforeseen circumstances, the Group expects to be able to maintain its business momentum by implementing the appropriate measures for the financial year ended 28 February 2026.
ABOUT AEON CREDIT SERVICE (M) BERHAD
AEON Credit Service (M) Berhad (“AEON Credit”) was incorporated on 6 December 1996 and converted into a public limited company on 9 February 2007 and subsequently listed on the Main Market at Bursa Malaysia Securities Berhad on 12 December 2007. Today, the business of the Group has involved in issuance of Credit Cards, Prepaid Cards, AEON Wallet App, Easy Payment Schemes, Hire Purchase Financing for Motor Vehicles, Personal Financing Schemes, Insurance Broker, Digital Islamic Banking, and other related services. The Group currently has 5 Regional Offices, 60 branches and service centres located in the major shopping centres and towns, a network of more than 7,700 participating merchant outlets nationwide.
Issued by AEON Credit Service (M) Berhad
SOURCE: Aeon Credit Service (M) Berhad
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Ms. Tanny Tan
Tel: +603 2772 9113
Email: corp_communication@aeoncredit.com.my
--BERNAMA
Tuesday, April 8, 2025
Bitget Chief of Legal's Open Letter Highlights Expansion and Regulatory Compliance Plans
VICTORIA, Seychelles, April 8 (Bernama-GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, has published an open letter by its Chief Legal Officer, Hon Ng, which highlights the exchange's efforts in global regulatory compliance and expansion. The CEX continues to grow in the global crypto market by securing regulatory approvals and expanding its operations. With a strong focus on compliance, Bitget is navigating evolving regulatory landscapes with over eight licenses obtained while ensuring that users have access to a secure and transparent trading environment.
Hon Ng, Chief Legal Officer at Bitget, has addressed the company’s strategic direction in an open letter, providing plans to grow Bitget’s regulatory standing across multiple jurisdictions. His statements show the importance of regulatory dialogues and highlight upcoming initiatives that will shape the platform’s future.
“The regulatory environment surrounding digital assets is becoming more defined, and Bitget is taking proactive steps to work alongside authorities to ensure responsible growth. Compliance is not an obligation it's a necessity; it's about setting a standard for the industry and building a sustainable ecosystem for users,” said Hon Ng, Chief Legal Officer at Bitget.
Bitget has already secured registrations and approvals in several key markets, including Australia, Italy, Poland, Lithuania, the UK, the Czech Republic, and El Salvador. These achievements align with the company’s strategy of working within legal frameworks and supporting initiatives that promote advanced security and user protection. The legal and compliance teams are working closely to obtain additional licenses in jurisdictions that will further enhance the platform’s accessibility and credibility.
One of the primary objectives for the upcoming year is to refine the company’s compliance protocols. A strong Know Your Customer (KYC) process is being implemented to optimize user verification while adhering to anti-money laundering and counter-terrorism financing regulations. In parallel, Bitget is investing in advanced transaction monitoring tools to detect and prevent illicit activity, ensuring that all operations adhere to the highest standards of financial integrity.
Collaboration with regulators and law enforcement agencies remains a key aspect of Bitget’s compliance efforts. The company has established direct communication channels with authorities to facilitate transparent reporting and improve response times in cases of suspicious activity. By adopting new technological solutions, Bitget aims to enhance global cooperation while safeguarding user privacy.
In addition to regulatory advancements, Bitget is focused on introducing innovative products that align with compliance requirements. Bitget is already building even stronger user protection, risk management features, and enhanced security measures that strengthen the platform's durability and credibility. This is in line with the company's targets of maintaining a secure, compliant, and user-centric trading platform.
As part of its commitment to responsible operations, Bitget strictly adheres to international sanctions controls. Users from restricted regions are prohibited from accessing the platform, ensuring that all activities remain within legal boundaries. A dedicated compliance team continuously monitors global regulatory developments to adjust policies as needed.
Bitget’s legal and compliance strategy is designed to adapt to the rapidly changing digital asset landscape. With regulatory discussions evolving worldwide, the company is prepared to adjust its framework to align with new policies and emerging industry standards. The legal team remains engaged in conversations with policymakers to contribute to the responsible development of crypto regulations.
“Compliance is a continuous process that requires foresight and collaboration. Our goal here is simple: we comply, expand, operate, and grow. Our focus remains on making crypto accessible to everyone globally, and each license and approval is a step closer to it,” added Ng.
Bitget’s ongoing expansion and compliance efforts reaffirm its role as a leading player in the crypto market. By staying ahead of regulatory changes and implementing rigorous security measures, the company indeed plans to keep its title of being one of the top most trusted crypto exchanges globally.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.
Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3ce89060-7391-4f7b-8779-f290efb24dc4
SOURCE: Bitget Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Hon Ng, Chief Legal Officer at Bitget, has addressed the company’s strategic direction in an open letter, providing plans to grow Bitget’s regulatory standing across multiple jurisdictions. His statements show the importance of regulatory dialogues and highlight upcoming initiatives that will shape the platform’s future.
“The regulatory environment surrounding digital assets is becoming more defined, and Bitget is taking proactive steps to work alongside authorities to ensure responsible growth. Compliance is not an obligation it's a necessity; it's about setting a standard for the industry and building a sustainable ecosystem for users,” said Hon Ng, Chief Legal Officer at Bitget.
Bitget has already secured registrations and approvals in several key markets, including Australia, Italy, Poland, Lithuania, the UK, the Czech Republic, and El Salvador. These achievements align with the company’s strategy of working within legal frameworks and supporting initiatives that promote advanced security and user protection. The legal and compliance teams are working closely to obtain additional licenses in jurisdictions that will further enhance the platform’s accessibility and credibility.
One of the primary objectives for the upcoming year is to refine the company’s compliance protocols. A strong Know Your Customer (KYC) process is being implemented to optimize user verification while adhering to anti-money laundering and counter-terrorism financing regulations. In parallel, Bitget is investing in advanced transaction monitoring tools to detect and prevent illicit activity, ensuring that all operations adhere to the highest standards of financial integrity.
Collaboration with regulators and law enforcement agencies remains a key aspect of Bitget’s compliance efforts. The company has established direct communication channels with authorities to facilitate transparent reporting and improve response times in cases of suspicious activity. By adopting new technological solutions, Bitget aims to enhance global cooperation while safeguarding user privacy.
In addition to regulatory advancements, Bitget is focused on introducing innovative products that align with compliance requirements. Bitget is already building even stronger user protection, risk management features, and enhanced security measures that strengthen the platform's durability and credibility. This is in line with the company's targets of maintaining a secure, compliant, and user-centric trading platform.
As part of its commitment to responsible operations, Bitget strictly adheres to international sanctions controls. Users from restricted regions are prohibited from accessing the platform, ensuring that all activities remain within legal boundaries. A dedicated compliance team continuously monitors global regulatory developments to adjust policies as needed.
Bitget’s legal and compliance strategy is designed to adapt to the rapidly changing digital asset landscape. With regulatory discussions evolving worldwide, the company is prepared to adjust its framework to align with new policies and emerging industry standards. The legal team remains engaged in conversations with policymakers to contribute to the responsible development of crypto regulations.
“Compliance is a continuous process that requires foresight and collaboration. Our goal here is simple: we comply, expand, operate, and grow. Our focus remains on making crypto accessible to everyone globally, and each license and approval is a step closer to it,” added Ng.
Bitget’s ongoing expansion and compliance efforts reaffirm its role as a leading player in the crypto market. By staying ahead of regulatory changes and implementing rigorous security measures, the company indeed plans to keep its title of being one of the top most trusted crypto exchanges globally.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.
Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3ce89060-7391-4f7b-8779-f290efb24dc4
SOURCE: Bitget Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
PETRONAS GAS BERHAD CONTINUES CONTRIBUTION OF AID TO COMMUNITIES AFFECTED BY PUTRA HEIGHTS INCIDENT
KUALA LUMPUR, April 8 (Bernama) -- PETRONAS Gas Berhad (PGB) is unwavering in its commitment to provide meaningful support to the individuals and families affected by the recent gas pipeline fire near Putra Heights, Subang Jaya as parts of its efforts to alleviate the challenges faced by the community.
Following the incident, PGB activated its crisis and emergency response teams and swiftly mobilised resources, including volunteers from amongst its employees who were some of the first to assist the Jabatan Kebajikan Masyarakat (JKM) at the Pusat Pemindahan Sementara (PPS). These relief centres were established to provide safe, interim shelter for individuals and families who were relocated from their homes.
From Day-1 to date, over 100 staff have volunteered to manage the food distribution at the PPS. PGB also provides approximately 1,000 packs of food daily for those impacted at the relief centres and frontliners on-site.
Prioritising safety and the well-being of the affected communities, PGB has voluntarily been working closely with identified hospitals and Kementerian Kesihatan Malaysia (KKM) to facilitate the medical needs of the victims receiving emergency treatment. PGB is also collaborating with the Federal and State governments in channelling aid to ease the burden of those impacted by the incident.
PGB is also working with Jabatan Pengurusan Bencana Negeri (JPBN) on further assistance such as transit housing post-PPS for those needing longer-term accommodation. For the affected communities facing total or partial loss to their properties, PGB, in collaboration with Prihatin Selangor, has distributed more than RM 700,000 in monetary aid. Each household will receive either RM 5,000 or RM 2,500, depending on the extent of their property loss.
Other PETRONAS Group entities, namely PETRONAS Dagangan Berhad and Yayasan PETRONAS also contributed care packs containing supplies to meet the general needs of the displaced individuals and families.
PGB is committed in supporting the government towards community rebuilding initiatives, while cooperating fully with relevant authorities to determine the cause of the incident. Its top priorities remain ensuring public safety, and that of its operations while maintaining the nation’s gas supply security.
About PETRONAS Gas Berhad
PETRONAS Gas Berhad (PGB) is the leading gas infrastructure and utilities company with PETRONAS Group holding 51% of its equity. Incorporated in 1983 and listed on the Main Board of Bursa Malaysia on 4 September 1995, PGB operates four integrated businesses, which are gas processing, transportation, regasification and utilities.
Our strategically located assets and strong operational performance ensures safe and reliable supply of products and services throughout Malaysia and Singapore. With over 30 years of experience in gas and utilities infrastructure operations, PGB steps up to pursue growth opportunities in domestic and emerging market as part of our integrated gas solutions.
PGB is a constituent company member of FTSE4Good Index Series, showing the Company's commitment to operate in a responsible manner in the environmental, social and governance (ESG) fronts.
Further details on PGB can be found at www.petronas.com/pgb
Issued by:
PETRONAS Gas Berhad
SOURCE: PETRONAS Gas Berhad
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Florence Oh
Tel: +012 3081 092
Email: florence.oh@petronas.com
Name: Faris Fahmi
Tel: +6012 7717 857
Email: faris.mohd@petronas.com
--BERNAMA
Following the incident, PGB activated its crisis and emergency response teams and swiftly mobilised resources, including volunteers from amongst its employees who were some of the first to assist the Jabatan Kebajikan Masyarakat (JKM) at the Pusat Pemindahan Sementara (PPS). These relief centres were established to provide safe, interim shelter for individuals and families who were relocated from their homes.
From Day-1 to date, over 100 staff have volunteered to manage the food distribution at the PPS. PGB also provides approximately 1,000 packs of food daily for those impacted at the relief centres and frontliners on-site.
Prioritising safety and the well-being of the affected communities, PGB has voluntarily been working closely with identified hospitals and Kementerian Kesihatan Malaysia (KKM) to facilitate the medical needs of the victims receiving emergency treatment. PGB is also collaborating with the Federal and State governments in channelling aid to ease the burden of those impacted by the incident.
PGB is also working with Jabatan Pengurusan Bencana Negeri (JPBN) on further assistance such as transit housing post-PPS for those needing longer-term accommodation. For the affected communities facing total or partial loss to their properties, PGB, in collaboration with Prihatin Selangor, has distributed more than RM 700,000 in monetary aid. Each household will receive either RM 5,000 or RM 2,500, depending on the extent of their property loss.
Other PETRONAS Group entities, namely PETRONAS Dagangan Berhad and Yayasan PETRONAS also contributed care packs containing supplies to meet the general needs of the displaced individuals and families.
PGB is committed in supporting the government towards community rebuilding initiatives, while cooperating fully with relevant authorities to determine the cause of the incident. Its top priorities remain ensuring public safety, and that of its operations while maintaining the nation’s gas supply security.
About PETRONAS Gas Berhad
PETRONAS Gas Berhad (PGB) is the leading gas infrastructure and utilities company with PETRONAS Group holding 51% of its equity. Incorporated in 1983 and listed on the Main Board of Bursa Malaysia on 4 September 1995, PGB operates four integrated businesses, which are gas processing, transportation, regasification and utilities.
Our strategically located assets and strong operational performance ensures safe and reliable supply of products and services throughout Malaysia and Singapore. With over 30 years of experience in gas and utilities infrastructure operations, PGB steps up to pursue growth opportunities in domestic and emerging market as part of our integrated gas solutions.
PGB is a constituent company member of FTSE4Good Index Series, showing the Company's commitment to operate in a responsible manner in the environmental, social and governance (ESG) fronts.
Further details on PGB can be found at www.petronas.com/pgb
Issued by:
PETRONAS Gas Berhad
SOURCE: PETRONAS Gas Berhad
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Florence Oh
Tel: +012 3081 092
Email: florence.oh@petronas.com
Name: Faris Fahmi
Tel: +6012 7717 857
Email: faris.mohd@petronas.com
--BERNAMA
Monday, April 7, 2025
GRADIANT'S FOREVERGONE WINS GOLD AT 2025 EDISON AWARDS FOR PFAS SOLUTION
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| Gradiant’s Anurag Bajpayee, Steven Lam, Katie Dobbins, and Mark Danchak receive 2025 Edison Gold Award |
KUALA LUMPUR, April 7 (Bernama) -- Gradiant, a global leader in advanced water and wastewater treatment, has announced that its ForeverGone solution received the prestigious Gold Award at the 2025 Edison Awards.
This recognition highlights Gradiant’s leadership in sustainability and technological innovation, reinforcing its commitment to addressing per- and polyfluoroalkyl substances (PFAS) contamination, one of the world’s most pressing environmental challenges.
“ForeverGone finally provides a true end-to-end solution — one that concentrates and destroys PFAS at the source, ensuring these harmful chemicals are removed from nature permanently.
“This recognition from the Edison Awards affirms the transformative impact of our technology and our mission to deliver clean water solutions at a global scale,” said Gradiant chief executive officer, Anurag Bajpayee in a statement.
PFAS, commonly referred to as "forever chemicals", are durable synthetic substances found in water sources from industrial, municipal, and landfill activities. These chemicals are associated with serious health concerns, including cancer, immune disorders, and developmental issues, making PFAS a critical public health threat worldwide.
Gradiant’s ForeverGone is the industry’s first integrated solution that not only removes PFAS from contaminated water sources but also permanently destroys them on-site, without the risk of releasing toxic chemicals back into the environment.
The 2025 Edison Awards, announced on April 3 in Fort Myers, Florida, are now in their 38th year, celebrating excellence in new product and service development, marketing, design, and innovation. Finalists are selected by a peer-related voting body made up of top global executives, academics, and innovation leaders.
The ForeverGone technology pairs Micro-Foam Fractionation and Destruction Engine to concentrate PFAS into a micro-foam and destroy it using electro-oxidation, producing water that complies with or exceeds the latest United States Environmental Protection Agency (US EPA) drinking water standards.
This integrated approach enhances simplicity, efficiency, and sustainability, setting new standards for PFAS removal at a reduced overall cost.
Gradiant is rapidly deploying ForeverGone across industries including semiconductors, food and beverage, mining, and major municipalities, ensuring PFAS remediation becomes more accessible to communities worldwide.
-- BERNAMA
NIQ LAUNCHES AI-POWERED PLATFORM TO REVOLUTIONISE GLOBAL DISTRIBUTION INSIGHTS
KUALA LUMPUR, April 7 (Bernama) -- NielsenIQ (NIQ) has announced the global launch of gfknewron Supply Chain, an artificial intelligence (AI)-enabled platform providing distributor sales data to assist Tech & Durables clients in managing their distribution and channel business.
According to NIQ in a statement, the tool, introduced on its advanced gfknewron platform, offers manufacturers, distributors, suppliers, and retailers a comprehensive view of the global supply chain, enabling them to adapt quickly to market changes and make data-driven decisions.
NIQ Head of Distribution and Supply Chain Intelligence, Tatjana Wismeth highlighted that this integration of global distribution intelligence with existing market intelligence, consumer insights, and forecasting features marks a significant step forward in helping clients achieve business success.
She emphasised the unique achievement of integrating these complex datasets into a single platform.
gfknewron Supply Chain provides in-depth sell-through data based on distributor sales from around 300 distributors across over 45 global markets, covering 200 product groups in information technology, consumer electronics, office equipment, telecom, and small domestic appliances. The data is updated weekly and reports on 24 individual sales channels, offering a detailed view of market dynamics.
The tool was developed in collaboration with the Global Technology Distribution Council (GTDC) and its members, enabling users to analyse distributor sales data with flexibility. GTDC EMEA General Manager, Peter van den Berg expressed excitement about the tool’s potential to simplify distribution intelligence, improve efficiency, and enhance sell-through market data analytics.
Users can seamlessly switch between different modules to track growth drivers, sales channel trends, price developments, and top-selling items at the stock-keeping unit level. The platform also enhances collaboration by allowing teams to combine and share analytics across markets.
With the addition of point-of-sale information, consumer insights, and NIQ’s forecasting module, the tool offers a holistic view of market trends, helping businesses optimise pricing strategies and improve sales management.
-- BERNAMA
According to NIQ in a statement, the tool, introduced on its advanced gfknewron platform, offers manufacturers, distributors, suppliers, and retailers a comprehensive view of the global supply chain, enabling them to adapt quickly to market changes and make data-driven decisions.
NIQ Head of Distribution and Supply Chain Intelligence, Tatjana Wismeth highlighted that this integration of global distribution intelligence with existing market intelligence, consumer insights, and forecasting features marks a significant step forward in helping clients achieve business success.
She emphasised the unique achievement of integrating these complex datasets into a single platform.
gfknewron Supply Chain provides in-depth sell-through data based on distributor sales from around 300 distributors across over 45 global markets, covering 200 product groups in information technology, consumer electronics, office equipment, telecom, and small domestic appliances. The data is updated weekly and reports on 24 individual sales channels, offering a detailed view of market dynamics.
The tool was developed in collaboration with the Global Technology Distribution Council (GTDC) and its members, enabling users to analyse distributor sales data with flexibility. GTDC EMEA General Manager, Peter van den Berg expressed excitement about the tool’s potential to simplify distribution intelligence, improve efficiency, and enhance sell-through market data analytics.
Users can seamlessly switch between different modules to track growth drivers, sales channel trends, price developments, and top-selling items at the stock-keeping unit level. The platform also enhances collaboration by allowing teams to combine and share analytics across markets.
With the addition of point-of-sale information, consumer insights, and NIQ’s forecasting module, the tool offers a holistic view of market trends, helping businesses optimise pricing strategies and improve sales management.
-- BERNAMA
TRINITY GROUP UNVEILS TRINITY SENSORIA 'BELI & MENANG' CAMPAIGN
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| Trinity Sensoria redefines urban living with a five-tier protection system, setting a new benchmark for wellness and safety in modern spaces. |
Win Prizes Worth Up to RM3 Million!
KUALA LUMPUR, 7 April (Bernama) -- Trinity Group, a leading property developer, has launched its 'Beli & Menang' Campaign to thank homebuyers for their continued support and make homeownership even more rewarding.
Running from 1 April to 30 June 2025, the campaign offers new homeowners at Trinity Sensoria the chance to win exclusive prizes worth up to RM3 million. It also helps alleviate the financial burden of furnishing their new dream homes.
Dato’ Neoh Soo Keat, Founder and Managing Director of Trinity Group Sdn Bhd said, “At Trinity Sensoria, we believe a home is a sanctuary, not just a place to live. Through Trinity’s ‘Beli & Menang’ Campaign, we’re not only providing high-quality homes but also enriching the living experience by easing the financial burden of furnishing. We want our homeowners to settle in with ease, enjoy their space from day one, and celebrate their new journey with the chance to win furnishing prizes.”
Exclusive Prizes Worth RM3 Million
Homebuyers who purchase a unit at Trinity Sensoria between April and June 2025 will automatically be entered into the lucky draw. The prize pool includes premium items such as:
• HABIB Gold Bars
• Bosch Oven with Microwave
• Gintell Massage Chair
• LG Refrigerator
• Recliner Sofa
• 65-inch Sony TV
• Robot Vacuum Cleaner
• Dyson Air Purifier
• Cash Prizes
A Rewarding Living Experience
Trinity Sensoria, located in Beverly Heights, Ampang North, offers a perfect blend of comfort, security, and style. Launched in November 2024, the development features a Five-Tier Protection System that integrates contactless technology, wellness-oriented design, and physical, social, and mental wellness amenities.
The development also boasts exceptional facilities, including an infinity pool, pickleball courts, a mini futsal court, an edible garden, an outdoor cinema, Himalayan salt sauna, hydrotherapy pods, a gym, a multi-purpose hall, and a spa villa. These features create a peaceful environment surrounded by lush greenery.
Homeowners also benefit from the Trinity Gold Assurance Programme, offering extended warranties and superior after-sales support. This initiative ensures high-quality living while providing lasting value, reinforcing Trinity Group’s commitment to long-term investment and security.
Your Dream Home Awaits
Trinity Sensoria, slated for completion in 2028, is by Trinity Group, a recognised leader in delivering exceptional residential properties.
Don’t miss the chance to own a home at Trinity Sensoria and enter the ‘Beli & Menang’ Campaign for a chance to win amazing prizes.
Visit the Trinity Sensoria Sales Gallery in Ampang for more details or register your interest via WhatsApp at +60 3-8084 0808. For more information, visit www.sensoria.com.my or follow Trinity Group on social media.
SOURCE: Trinity Group Sdn Bhd
FOR MORE INFORMATION, PLEASE CONTACT:
Media Contact:
Name: Rayeon Lee
Senior Executive Public Relations
Email: rayeon@trinitygroup.com.my
--BERNAMA
Generali Malaysia emphasises the importance of comprehensive protection following Putra Heights Gas Pipeline Fire Incident
KUALA LUMPUR, April 7 (Bernama) -- The recent gas pipeline fire incident in Putra Heights, Subang Jaya has caused widespread disruption to over 200 properties and close to 400 vehicles.
Generali Malaysia recognises the emotional and financial toll that the tragic event has brought to individuals, families, and business owners and stands ready to support impacted policyholders throughout this ordeal.
As a gesture of goodwill, vehicle owners whose vehicles have been impacted by the Putra Heights explosion incident will get to retain their No Claim Discount (NCD) under Generali’s Private Car Comprehensive insurance.
To provide prompt support to impacted policyholders, Generali Malaysia had also set up an on-site support booth at Masjid Putra Heights from 3rd April 2025 until 6th April 2025. The mobile team and adjusters were on site to guide impacted policyholders through their home and motor claims and offer necessary support.
As part of the company’s commitment to assist impacted policyholders with expedited and easy claims process, Generali Malaysia has also waived the requirement for police and fire incident (Bomba) reports to ease the claims process. All eligible policyholders impacted by the Putra Heights gas pipeline fire incident can submit their claims via 1300 13 2121 / +603 3007 2121 or email customer.service.gi@generali.com.my.
Fabrice Benard, CEO of Generali Insurance Malaysia Berhad, highlights the importance of comprehensive motor and home insurance coverage to mitigate the financial burden and facilitate swift recovery. He said, “It only takes one incident to cause significant financial loss. The role of insurance is to safeguard people from unforeseen events and is not just a ‘good to have’. It is important to regularly review our coverage and protection needs to ensure that we are adequately protected and have peace of mind.”
Many homeowners insure only their homes against fire and other perils because it is a compulsory requirement under their housing loan. Properties with strata titles such as flats, apartments, and condominiums are usually insured under a master fire policy by Joint Management Bodies or Management Corporations. However, many are unaware that this only covers the building or common areas, and not the home contents or belongings. Hence, it is recommended to purchase home contents coverage to protect belongings and valuables against any unprecedented peril. Additionally, it is also crucial to have comprehensive motor insurance coverage and other relevant add-ons to better protect vehicles from any unexpected damage.
For more information, please visit Generali Malaysia’s official Facebook or Instagram page.
SOURCE: Generali Insurance Malaysia Berhad
FOR MORE INFORMATION, PLEASE CONTACT:
Media Relations
Name: Sheena Ho
Email : sheena.ho@generali.com.my
Name: Samantha David
Email: samantha.david@generali.com.my
--BERNAMA
Generali Malaysia recognises the emotional and financial toll that the tragic event has brought to individuals, families, and business owners and stands ready to support impacted policyholders throughout this ordeal.
As a gesture of goodwill, vehicle owners whose vehicles have been impacted by the Putra Heights explosion incident will get to retain their No Claim Discount (NCD) under Generali’s Private Car Comprehensive insurance.
To provide prompt support to impacted policyholders, Generali Malaysia had also set up an on-site support booth at Masjid Putra Heights from 3rd April 2025 until 6th April 2025. The mobile team and adjusters were on site to guide impacted policyholders through their home and motor claims and offer necessary support.
As part of the company’s commitment to assist impacted policyholders with expedited and easy claims process, Generali Malaysia has also waived the requirement for police and fire incident (Bomba) reports to ease the claims process. All eligible policyholders impacted by the Putra Heights gas pipeline fire incident can submit their claims via 1300 13 2121 / +603 3007 2121 or email customer.service.gi@generali.com.my.
Fabrice Benard, CEO of Generali Insurance Malaysia Berhad, highlights the importance of comprehensive motor and home insurance coverage to mitigate the financial burden and facilitate swift recovery. He said, “It only takes one incident to cause significant financial loss. The role of insurance is to safeguard people from unforeseen events and is not just a ‘good to have’. It is important to regularly review our coverage and protection needs to ensure that we are adequately protected and have peace of mind.”
Many homeowners insure only their homes against fire and other perils because it is a compulsory requirement under their housing loan. Properties with strata titles such as flats, apartments, and condominiums are usually insured under a master fire policy by Joint Management Bodies or Management Corporations. However, many are unaware that this only covers the building or common areas, and not the home contents or belongings. Hence, it is recommended to purchase home contents coverage to protect belongings and valuables against any unprecedented peril. Additionally, it is also crucial to have comprehensive motor insurance coverage and other relevant add-ons to better protect vehicles from any unexpected damage.
For more information, please visit Generali Malaysia’s official Facebook or Instagram page.
SOURCE: Generali Insurance Malaysia Berhad
FOR MORE INFORMATION, PLEASE CONTACT:
Media Relations
Name: Sheena Ho
Email : sheena.ho@generali.com.my
Name: Samantha David
Email: samantha.david@generali.com.my
--BERNAMA
Saturday, April 5, 2025
SBC Medical Faces Q4 Challenges But Achieves Full-Year Growth
KUALA LUMPUR, April 2 (Bernama) -- SBC Medical Group Holdings Incorporated (SBC Medical), a global owner, operator and provider of management services and products to cosmetic treatment centres, reported a mixed performance with a decline in quarterly figures but a notable increase in annual revenues.
In a statement, SBC Medical said the company’s total revenues dropped 29 per cent to US$44 million in the fourth quarter (Q4) of 2024, compared to the previous year. (US$1=RM4.43)
Net income also decreased by 54 per cent to US$7 million, with earnings per share dropping 58 per cent to US$0.06. Gross profit fell by 22 per cent to US$34 million, while income from operations plummeted by 80 per cent, reaching just US$5 million.
These figures reflect the struggles faced by SBC Medical, posing potential challenges for the company moving forward.
Despite these challenges, the company's earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin improved to 47 per cent, signalling some operational efficiency.
However, despite the fourth-quarter setbacks, SBC Medical achieved strong full-year results with a six per cent increase in total revenues and an 18 per cent rise in net income, driven by the expansion of franchise clinics and a strategic acquisition in Singapore.
The company expanded its network to 251 partner clinics, serving 6.03 million customers—a 15 per cent growth—and boasting a strong 71 per cent repeat customer rate.
On the financial front, SBC Medical’s balance sheet showed positive results, with total assets rising to US$266 million and cash and cash equivalents growing to US$125 million, offering liquidity for future operations.
Total liabilities dropped significantly to US$71 million, indicating improved financial health. However, the return on equity decreased to 28 per cent, suggesting room for improved efficiency in profit generation.
Despite a challenging regulatory environment and heightened competition in Japan’s aesthetic medical market, SBC Medical maintained its market leadership. Strategic pricing for its franchise clinics helped increase customer numbers, and the acquisition of Aesthetic Healthcare Holdings in Singapore marked an important step in its Asian expansion strategy.
Looking ahead, SBC Medical aims to maintain its market leadership by revising its franchise fee structure and implementing strategic pricing initiatives to support long-term growth and expansion both domestically and internationally.
-- BERNAMA
Friday, March 28, 2025
CONSUMERS BUYING MORE PRIVATE LABEL PRODUCTS THAN BRANDED, NIQ REPORT REVEALS
KUALA LUMPUR, March 28 (Bernama) -- NielsenIQ (NIQ), a consumer intelligence company, in its global report has revealed challenges and opportunities for private label and branded product growth, with 53 per cent of consumers increasingly purchasing more private label products.
Simultaneously, the top 10 global brands also experienced a resurgence in global sales momentum in 2024, suggesting that retailers and consumer packaged goods (CPG) manufacturers will continue to compete for consumer attention on the shelves of large and small grocery stores and retailers alike.
In a statement, NIQ Chief Communications Officer and Head of Global Marketing COE, Marta Cyhan-Bowles emphasised that the report underscores the importance of collaboration between manufacturers and retailers to drive the next wave of CPG growth and effectively engage with consumers’ shifting preferences.
NIQ’s latest report, Finding Harmony on the Shelf: 2025 Global Outlook on Private Label & Branded Products, offers an in-depth analysis of the evolving global consumer attitudes towards private label and branded products, catalysts driving these trends globally and regionally, and important insights retailers and CPG manufacturers can keep in mind to strategically reach consumers within a fast-moving macroeconomic environment.
Key trends driving growth of both private label and branded products include a growing positive perception of private label products, with 68 per cent of respondents viewing them as good alternatives to name brands, and 69 per cent acknowledging their value.
In addition, 60 per cent of consumers would buy more private label products if a larger variety were available, and more than half of consumers (54 per cent), especially Millennials (61 per cent) and Gen Z (58 per cent), are willing to upgrade to premium-brand products.
The positive consumer sentiment is supported by impressive worldwide sales data, with NIQ Retail Measurement Services reporting a 4.8 per cent increase in sales for the top 10 global brands, slightly surpassing the 4.3 per cent annual sales growth of private labels.
To harmonise success between private label and branded products, retailers and manufacturers are encouraged to consider strategies such as leveraging the brand halo effect for private labels, where proximity to premium brands enhances their appeal, and using price anchoring to encourage consumers to try new or comparable products.
Meanwhile, for branded products, increasing traffic through retailer endorsements and market expansion in categories like ready-to-drink coffee and snack bars can create opportunities for all brands.
The report's global survey was conducted between December 2024 and January 2025, polling over 17,000 online consumers in 25 countries throughout Asia Pacific, Europe, Latin America, the Middle East & Africa, and North America. It provides valuable insights for retailers and manufacturers seeking to navigate the competitive and symbiotic dynamics of private label and branded products.
-- BERNAMA
Simultaneously, the top 10 global brands also experienced a resurgence in global sales momentum in 2024, suggesting that retailers and consumer packaged goods (CPG) manufacturers will continue to compete for consumer attention on the shelves of large and small grocery stores and retailers alike.
In a statement, NIQ Chief Communications Officer and Head of Global Marketing COE, Marta Cyhan-Bowles emphasised that the report underscores the importance of collaboration between manufacturers and retailers to drive the next wave of CPG growth and effectively engage with consumers’ shifting preferences.
NIQ’s latest report, Finding Harmony on the Shelf: 2025 Global Outlook on Private Label & Branded Products, offers an in-depth analysis of the evolving global consumer attitudes towards private label and branded products, catalysts driving these trends globally and regionally, and important insights retailers and CPG manufacturers can keep in mind to strategically reach consumers within a fast-moving macroeconomic environment.
Key trends driving growth of both private label and branded products include a growing positive perception of private label products, with 68 per cent of respondents viewing them as good alternatives to name brands, and 69 per cent acknowledging their value.
In addition, 60 per cent of consumers would buy more private label products if a larger variety were available, and more than half of consumers (54 per cent), especially Millennials (61 per cent) and Gen Z (58 per cent), are willing to upgrade to premium-brand products.
The positive consumer sentiment is supported by impressive worldwide sales data, with NIQ Retail Measurement Services reporting a 4.8 per cent increase in sales for the top 10 global brands, slightly surpassing the 4.3 per cent annual sales growth of private labels.
To harmonise success between private label and branded products, retailers and manufacturers are encouraged to consider strategies such as leveraging the brand halo effect for private labels, where proximity to premium brands enhances their appeal, and using price anchoring to encourage consumers to try new or comparable products.
Meanwhile, for branded products, increasing traffic through retailer endorsements and market expansion in categories like ready-to-drink coffee and snack bars can create opportunities for all brands.
The report's global survey was conducted between December 2024 and January 2025, polling over 17,000 online consumers in 25 countries throughout Asia Pacific, Europe, Latin America, the Middle East & Africa, and North America. It provides valuable insights for retailers and manufacturers seeking to navigate the competitive and symbiotic dynamics of private label and branded products.
-- BERNAMA
PETRONAS FUTURETECH 4.0 SEEKS INNOVATORS TO DRIVE THE FUTURE OF ENERGY
KUALA LUMPUR, March 28 (Bernama) -- PETRONAS has launched the fourth edition of its accelerator programme, FutureTech 4.0, aimed at scaling innovative solutions that addresses real-world industry challenges and redefine the future of energy. Open for applications now, this edition will focus on driving innovation and sustainability across three key categories: Industry & Work, Energy and Chemicals & Materials.
Twenty shortlisted startups will undergo a 12-week accelerator programme, gaining access to masterclasses, tailored workshops, and one-on-one mentorship and coaching. The programme will also provide business immersion with strategic partners, access to networks, new markets, and funding opportunities, as well as pilot and test-bedding initiatives to support the scaling of their startups.
The programme will begin with an Immersion Week, which coincides with Energy Asia this June, and culminate in a Demo Day at the end of August 2025. During Demo Day, startups will present their solutions to C-suite executives from PETRONAS and its corporate partners, as well as investors and potential collaborators.
PETRONAS Senior Vice President of Corporate Strategy, Marina Md Taib said, “At PETRONAS, we believe that innovation is key to shaping a sustainable future. Through FutureTech 4.0, PETRONAS aims to cultivate a culture of innovation and entrepreneurship, while nurturing a robust tech-driven startup ecosystem in Malaysia and the broader Asia Pacific region.”
“The programme offers startups a platform to develop solutions that address industry challenges and unlock new growth opportunities while contributing to long-term socio-economic transformation. With the support of our corporate partners, startups will have the opportunity to validate their innovations, scale their solutions, and make a meaningful impact towards energy transition efforts,” she added.
The past three cohorts have attracted over 900 applicants and supported the growth of 65 startups. In collaboration with our corporate partners, S P Setia Bhd, Xplor Ventures the Corporate Venture Capital (CVC) arm of PTTEP, Bosch Business Innovations, the Bosch Group’s venture building arm, FutureTech 4.0 aims to drive innovation in the energy sector, foster the next generation of innovators, and empower startups to scale their solutions. The programme will also receive support from key startup ecosystem partners including Malaysia’s Cradle Fund, Singapore’s SGInnovate, and Japan External Trade Organization.
Applications are open until 18 April, 2025. Interested startups can find more information on FutureTech 4.0 at https://www.petronas.com/ventures/futuretech4.0/
Issued by
Media Communications
Group Strategic Relations & Communications
PETRONAS
SOURCE: PETRONAS
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Estee Aina Huslan
Tel: 012-2283377
Email: esteeaina.huslan@petronas.com
--BERNAMA
Twenty shortlisted startups will undergo a 12-week accelerator programme, gaining access to masterclasses, tailored workshops, and one-on-one mentorship and coaching. The programme will also provide business immersion with strategic partners, access to networks, new markets, and funding opportunities, as well as pilot and test-bedding initiatives to support the scaling of their startups.
The programme will begin with an Immersion Week, which coincides with Energy Asia this June, and culminate in a Demo Day at the end of August 2025. During Demo Day, startups will present their solutions to C-suite executives from PETRONAS and its corporate partners, as well as investors and potential collaborators.
PETRONAS Senior Vice President of Corporate Strategy, Marina Md Taib said, “At PETRONAS, we believe that innovation is key to shaping a sustainable future. Through FutureTech 4.0, PETRONAS aims to cultivate a culture of innovation and entrepreneurship, while nurturing a robust tech-driven startup ecosystem in Malaysia and the broader Asia Pacific region.”
“The programme offers startups a platform to develop solutions that address industry challenges and unlock new growth opportunities while contributing to long-term socio-economic transformation. With the support of our corporate partners, startups will have the opportunity to validate their innovations, scale their solutions, and make a meaningful impact towards energy transition efforts,” she added.
The past three cohorts have attracted over 900 applicants and supported the growth of 65 startups. In collaboration with our corporate partners, S P Setia Bhd, Xplor Ventures the Corporate Venture Capital (CVC) arm of PTTEP, Bosch Business Innovations, the Bosch Group’s venture building arm, FutureTech 4.0 aims to drive innovation in the energy sector, foster the next generation of innovators, and empower startups to scale their solutions. The programme will also receive support from key startup ecosystem partners including Malaysia’s Cradle Fund, Singapore’s SGInnovate, and Japan External Trade Organization.
Applications are open until 18 April, 2025. Interested startups can find more information on FutureTech 4.0 at https://www.petronas.com/ventures/futuretech4.0/
Issued by
Media Communications
Group Strategic Relations & Communications
PETRONAS
SOURCE: PETRONAS
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Estee Aina Huslan
Tel: 012-2283377
Email: esteeaina.huslan@petronas.com
--BERNAMA
Thursday, March 27, 2025
LIAM ELECTS BEN NG AS PRESIDENT AND VIBHA COBURN AS VICE PRESIDENT AT ITS 51ST ANNUAL GENERAL MEETING
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| LIAM President, Ben Ng |
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| LIAM Vice President, Vibha Coburn |
KUALA LUMPUR, March 27 (Bernama) -- The Life Insurance Association of Malaysia (LIAM) has elected Ben Ng, Chief Executive Officer of AIA Bhd., as its President, and Vibha Coburn, Chief Executive Officer of Manulife Insurance Berhad, as Vice President at its 51st Annual General Meeting held on 26 March 2025.
Ben succeeded Raymond Lew, the Immediate Past President of LIAM, who served as LIAM President and Vice President for more than five years. With unwavering commitment and strategic vision, Raymond played a vital role in driving industry initiatives, strengthening stakeholder engagement, and advancing LIAM’s mission of financial inclusion and consumer protection, leaving a lasting impact on the Association and the industry.
Ben Ng brings over 30 years of experience, including 22 years abroad, demonstrating deep expertise in the life insurance industry. He is among the few Asian actuaries who hold both Fellow of the Society of Actuaries (FSA) and Fellow of the Casualty Actuarial Society (FCAS) qualifications.
Since his appointment as CEO of AIA Bhd. on 15 August 2019, Ben has led AIA Malaysia’s insurance, takaful, and private retirement scheme businesses, aligning with the company’s mission to help Malaysians live healthier, longer, and better lives. Under his leadership, AIA Malaysia has achieved transformational growth across distribution channels, leveraging digital innovation, customer-centric solutions, and data analytics. More details on Ben’s profile https://www.liam.org.my/about/?c=3&m=3&ct=1
Meanwhile, Vibha Coburn has over 30 years of experience in banking, insurance, and management consulting across Asia, Europe, and Australia, with expertise in strategy, business management, digital transformation, sales, marketing, and wealth management.
She joined Manulife on 1 October 2020 as Group CEO and Executive Director of Manulife Holdings Berhad and CEO and Executive Director of Manulife Insurance Berhad. Previously, as Chief Regional Distribution Officer for Manulife Asia, Vibha spearheaded significant agency growth, making Manulife the third-best multinational insurer in Million Dollar Round Table (MDRT) membership. More details on Vibha’s profile https://www.liam.org.my/about/?c=8&m=3&ct=1
At the meeting, LIAM also welcomes two new management committee members namely Leong Su Yern, CEO of Etiqa Life Insurance Berhad and Pauline Teoh CEO of Zurich Life Insurance Malaysia Berhad for the term 2025/2026.
The Association is also supported by five other committee members namely YBhg Dato Koh Yaw Hui, CEO of Great Eastern Life Assurance (Malaysia) Berhad; Loh Guat Lan, CEO of Hong Leong Assurance Berhad, Patrick Cheah Gim Guan, CEO of Malaysian Life Reinsurance Group Berhad, Lim Eng Seong, CEO of Prudential Assurance Malaysia Berhad and Toi See Jong, CEO of Tokio Marine Life Insurance Malaysia Bhd.
According to LIAM CEO, Mark O’Dell, LIAM has consistently championed the importance of life insurance protection for all Malaysians, striving to enhance public understanding and appreciation of life insurance through various initiatives and consumer education programmes.
"We continue to engage with the public through multiple platforms, implementing targeted education and awareness initiatives to improve financial literacy and enhance the financial well-being of Malaysians," said O’Dell.
The life insurance industry remains steadfast in its commitment to financial inclusion, supporting the national agenda to increase insurance penetration and narrow protection gaps. Moving forward, we will continue working closely with regulatory authorities and key stakeholders to foster a progressive, inclusive, and resilient life insurance industry for the nation.
About LIAM
Formed in 1974, the Life Insurance Association of Malaysia (LIAM) is a trade association registered under the Societies Act 1966. LIAM has a total of 16 members, of which 14 are life insurance companies and 2 life reinsurance companies. LIAM’s objectives are to promote a progressive life insurance industry; to enhance public understanding and appreciation for life insurance; to upgrade the image and professionalism of the life insurance industry and to support the regulatory authorities in developing a strong industry.
SOURCE: Life Insurance Association of Malaysia (LIAM)
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Puan Norizan Hassan
Tel: 603-2691 6168 / 6628 / 8068
Email: liaminfo@liam.org.my
Website: www.liam.org.my
Facebook: LIAM – Life Insurance Association of Malaysia
Instagram: @liamalaysia
--BERNAMA
Wednesday, March 26, 2025
XSOLLA KICKS OFF JOIN PROGRAM TO EMPOWER LATAM GAME DEVELOPERS
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| Graphic: Xsolla |
KUALA LUMPUR, March 26 (Bernama) -- Xsolla, a global video game commerce company, has expanded its commitment to Latin American (LATAM) game development with the launch of the Journey of Indies (JOIN) Program.
Powered by Xsolla, this LATAM-focused initiative is designed to help indie and mid-tier game developers scale their businesses with commercialisation tools, mentorship, and industry partnerships.
By integrating developers into Xsolla's ecosystem of commercialisation tools, this programme aims to drive innovation, expand opportunities, and generate new revenue streams, according to a statement.
“LATAM is one of the most promising and rapidly growing regions for game development. By partnering with key industry players and investing in local talent, we are committed to providing the necessary resources and knowledge to help developers turn their creative visions into successful businesses,” said Xsolla Chief Strategy Officer, Chris Hewish.
In collaboration with Institutio Conecta and Indie Hero, the initiative will leverage a grant provided by the Secretariat of Science, Technology, and Innovation of the Federal District (SECTI-DF) to establish a video game hub in Brasilia to provide a dedicated space for education, business development, and hands-on commercialisation training.
The JOIN Program aligns with game developers’ associations, industry stakeholders, and public/private entities to unlock the region’s creative potential, offering structured support via exclusive one-year access to educational programmes, mentorship & talent selection, and hands-on commercialisation training.
Additionally, the programme will facilitate industry collaborations and provide publishing and distribution support through Indie Hero’s publishing label, GoGo Games Interactive.
The JOIN Program is now open for applications encouraging indie and mid-tier studios across LATAM to take part in this unparalleled opportunity to scale their businesses with Xsolla’s expertise.
-- BERNAMA
SUPERFREEZE APPOINTS ALEX CHOI AS HEAD OF KOREA
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| Alex Choi has been appointed as the new Chief Executive Officer (CEO) for SuperFreeze in Korea. |
KUALA LUMPUR, March 26 (Bernama) -- SuperFreeze, a leader in cold chain logistics, has appointed Alex Choi as its new Head of Korea, effective March 4. Choi will play a key role in advancing SuperFreeze's mission of leading Asia’s transition to a sustainable cold chain, improving the availability of quality food and pharmaceutical products, reducing waste, and minimising carbon footprints. He will focus on driving the company's growth and sustainability initiatives in Korea.
SuperFreeze Co-Chief Executive Officer (CEO), Troy Shortell expressed excitement about Choi’s appointment, emphasising his experience and leadership in logistics.
“His deep expertise in logistics and leadership with top industry players make him the ideal person to advance our vision for a sustainable and innovative cold chain in Asia,” said Shortell in a statement.
Meanwhile, Choi expressed his commitment to strengthening SuperFreeze’s operations in Korea.
“I look forward to leveraging my experience to enhance our operations, reduce waste, and drive sustainability, ensuring we deliver exceptional value to our customers and communities,” he said.
Choi brings over 25 years of experience in the logistics industry, having held senior roles at Maersk Logistics, LF Logistics, Agility, and DB Schenker. His expertise in optimising supply chains and driving operational excellence makes him a strong addition to the team.
Choi succeeds YS Kim, who is retiring after seven years of service, during which he played a key role in establishing the Pyeongtaek site. He will also take on the responsibilities previously held by KSF CEO Duckwon Kim.
SuperFreeze extended its appreciation to YS Kim and Duckwon Kim for their significant contributions to the company’s growth and success in Korea.
-- BERNAMA
MDS GLOBAL PLATFORM TO POWER PXC’S DIGITAL TRANSFORMATION
KUALA LUMPUR, March 26 (Bernama) -- MDS Global, a provider of Business Support Systems (BSS) for digital telcos, has announced a new strategic partnership with PlatformX Communications (PXC), the United Kingdom (UK)’s wholesale provider of connectivity, voice, cloud and security solutions.
In a statement, MDS Global said with this landmark agreement, it will continue to deliver its industry-leading Converged Monetisation Platform (CMP) as a fully outsourced end-to-end monetisation service to power PXC’s ambitious digital transformation and innovation goals.
Under this partnership, MDS Global’s CMP will serve as the single strategic wholesale billing platform for PXC, supporting their plans to build a powerful altnet aggregation platform while simplifying PXC’s information technology (IT) infrastructure and merging multiple BSS environments.
MDS Global Chief Executive Officer, John Burton said this partnership highlights its commitment to work closely with customers to deliver reliable solutions that power growth and digital transformation.
“We are delighted to extend our long-standing relationship with PXC. MDS Converged Monetisation Platform will not only simplify PXC’s IT architecture, but also drive innovation and efficiency, further underpinning PXC’s leading position in the UK wholesale telecoms market,” he said.
Meanwhile, PXC Chief Technology Officer, Phil Haslam said the MDS Converged Monetisation Platform enables PXC to simplify its technology stack and drive innovation, which has been critical in its journey to become the UK's leading wholesale connectivity provider.
The platform optimises PXC’s operations and brings process automation to reduce operational costs, power innovation and deliver digital customer experiences.
This partnership is a testament to MDS Global’s track record of delivering value and ensuring effective, trouble-free operations. PXC’s decision to extend this relationship, following a long partnership history, demonstrates their trust in MDS Global’s commitment to align with their strategy and help PXC achieve their ambitious goals.
-- BERNAMA
In a statement, MDS Global said with this landmark agreement, it will continue to deliver its industry-leading Converged Monetisation Platform (CMP) as a fully outsourced end-to-end monetisation service to power PXC’s ambitious digital transformation and innovation goals.
Under this partnership, MDS Global’s CMP will serve as the single strategic wholesale billing platform for PXC, supporting their plans to build a powerful altnet aggregation platform while simplifying PXC’s information technology (IT) infrastructure and merging multiple BSS environments.
MDS Global Chief Executive Officer, John Burton said this partnership highlights its commitment to work closely with customers to deliver reliable solutions that power growth and digital transformation.
“We are delighted to extend our long-standing relationship with PXC. MDS Converged Monetisation Platform will not only simplify PXC’s IT architecture, but also drive innovation and efficiency, further underpinning PXC’s leading position in the UK wholesale telecoms market,” he said.
Meanwhile, PXC Chief Technology Officer, Phil Haslam said the MDS Converged Monetisation Platform enables PXC to simplify its technology stack and drive innovation, which has been critical in its journey to become the UK's leading wholesale connectivity provider.
The platform optimises PXC’s operations and brings process automation to reduce operational costs, power innovation and deliver digital customer experiences.
This partnership is a testament to MDS Global’s track record of delivering value and ensuring effective, trouble-free operations. PXC’s decision to extend this relationship, following a long partnership history, demonstrates their trust in MDS Global’s commitment to align with their strategy and help PXC achieve their ambitious goals.
-- BERNAMA
KURA SUSHI OSAKA KANSAI EXPO STORE SET FOR OPENING ON APRIL 13
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| Appearance: Sustainable store that uses “plaster with no artificial materials” for exterior wall material that reuses “seashells” that would otherwise be discarded. |
KUALA LUMPUR, March 26 (Bernama) -- Kura Sushi Inc, one of the world’s most popular conveyor-belt sushi chains, has announced the opening of its largest-ever Kura Sushi restaurant with a strong focus on sustainability at the Future Life Zone of the Osaka-Kansai Expo on April 13.
The company’s Director and General Manager of Public Relations, Advertising and Investor Relations Division, Hiroyuki Okamoto said the concept is to provide a dining experience filled with enjoyment and smiles for visitors worldwide.
“We will also introduce to the world a “next-generation restaurant model” that combines sustainable elements with cutting-edge technology and bring the revolving sushi culture that originated in Japan to as many people as possible,” he said in a statement.
The restaurant will be the largest in Kura Sushi's history, boasting 338 seats and the longest conveyor belt at about 135 metres. The exterior design is simple, with namako walls reminiscent of the company’s symbolic storehouse and a large image of tuna nigiri in the “Antibacterial Sushi Cover Mr Freshness” that protects the sushi from airborne dust and viruses.
Meanwhile, the interior has a luxurious, modern Japanese design with wood-grained tables and tatami-style seating surfaces, alongside a bold graphic depiction of a giant plate on the ceiling.
The exterior walls are made of “plaster without artificial substances”, created from 336,000 discarded shells, seaweed-based glue, and other natural components.
In addition, the restaurant is equipped with a system that enhances customer convenience and comfort, with a system that improves hygiene and quality control by utilising artificial intelligence and information and communication technologies.
Along with the regular sushi menu, the restaurant will also offer a sustainable menu that utilises low-use fish, such as nizadai, as part of its efforts to promote sustainable fishing, as well as a 70-course menu that recreates dishes representative of 70 countries and regions.
As of February, Kura Sushi operates 546 restaurants in Japan, 73 in the United States, 59 in Taiwan, and three in Shanghai.
-- BERNAMA
Monday, March 24, 2025
EXP REALTY EXPANDS TO PERU, OFFERING AGENTS GLOBAL GROWTH OPPORTUNITIES
KUALA LUMPUR, March 24 (Bernama) -- eXp Realty, the world’s largest independent real estate brokerage and a subsidiary of eXp World Holdings Inc (EXPI), has officially launched in Peru, marking its 25th international market.
This expansion strengthens the company's global presence and offers Peruvian real estate agents a unique opportunity for success, wealth-building, and international collaboration.
eXp World Holdings Founder, Chief Executive Officer, and Chairman, Glenn Sanford said the expansion into Peru is a key milestone in its mission to build the most agent-centric real estate brokerage globally.
“Unlike traditional brokerages that limit agents’ growth, eXp empowers them with a business model that rewards success, fosters professional development, and connects them to a global network,” he said in a statement.
Meanwhile, eXp Peru Country Leader, Ricardo Alfaro, highlighted the exceptional advantages eXp offers stating: “eXp Realty is not just another real estate company – it is a movement where agents truly thrive through collaboration, equity ownership, and global business-building opportunities.”
Peruvian agents are choosing to join eXp Realty due to its cloud-based model and proprietary collaboration platforms, which provide them with a competitive edge in the ever-changing real estate market.
eXp Realty offers industry-leading commission splits and low caps, enabling agents to earn more while keeping a larger portion of their income. Additionally, agents have the opportunity to build wealth beyond transactions through equity ownership in a Nasdaq-traded company.
The company also provides limitless growth potential, with a global referral network of nearly 83,000 agents, allowing agents to expand their business across borders.
Moreover, eXp Realty offers world-class training and support, including live coaching, mentorship, and business strategies from top-producing agents worldwide. Its model also gives agents unmatched flexibility and freedom, allowing them to work from anywhere, scale teams without geographic restrictions, and market properties on a global scale.
-- BERNAMA
This expansion strengthens the company's global presence and offers Peruvian real estate agents a unique opportunity for success, wealth-building, and international collaboration.
eXp World Holdings Founder, Chief Executive Officer, and Chairman, Glenn Sanford said the expansion into Peru is a key milestone in its mission to build the most agent-centric real estate brokerage globally.
“Unlike traditional brokerages that limit agents’ growth, eXp empowers them with a business model that rewards success, fosters professional development, and connects them to a global network,” he said in a statement.
Meanwhile, eXp Peru Country Leader, Ricardo Alfaro, highlighted the exceptional advantages eXp offers stating: “eXp Realty is not just another real estate company – it is a movement where agents truly thrive through collaboration, equity ownership, and global business-building opportunities.”
Peruvian agents are choosing to join eXp Realty due to its cloud-based model and proprietary collaboration platforms, which provide them with a competitive edge in the ever-changing real estate market.
eXp Realty offers industry-leading commission splits and low caps, enabling agents to earn more while keeping a larger portion of their income. Additionally, agents have the opportunity to build wealth beyond transactions through equity ownership in a Nasdaq-traded company.
The company also provides limitless growth potential, with a global referral network of nearly 83,000 agents, allowing agents to expand their business across borders.
Moreover, eXp Realty offers world-class training and support, including live coaching, mentorship, and business strategies from top-producing agents worldwide. Its model also gives agents unmatched flexibility and freedom, allowing them to work from anywhere, scale teams without geographic restrictions, and market properties on a global scale.
-- BERNAMA
TIME FOR ASSURERS TO ACT FOR THE BENEFIT OF POLICY OWNERS
KUALA LUMPUR, March 24 (Bernama) --
Introduction
Despite calls to engage insurers privately and not moot their points through media, APHM continues airing its concerns publicly. The general public couldn't care less about this issue. These are private matters between APHM and Insurers. As mentioned in the same article, the relationship between private hospitals and insurers is best described as symbiotic. APHM must find solutions that flourish this relationship rather than be parasitic.
APHM proposes the formation of a joint working committee between the association and Assurers to review billing structures and ensure fair pricing of healthcare services. It is a good start, but it needs to focus its energy on the core matter, the burdening hospital charges that cause assurers to increase their prices. The billing structure and so-called fair pricing don't solve the current problems. It is more of an academic exercise.
APHM's public statements call for assurers to keep cashless medical products while using patient care as a smoke screen. It is a ruse to maintain its top and bottom line, and its sincerity can be seen when it issued a statement rejecting Assurer's proposal for private hospitals to freeze costs for three years and also for the Health Ministry to regulate the pricing of pharmaceuticals or medication during the period assurers facing premium pricing caps.
Public Education
Since APHM is only interested in making public statements to try to arouse policyholders’ sentiments to protect their cash flow and profit margins, it is time for assurers to take steps to protect policy owners' interests. The public is concerned about rising health premiums. They don't understand the reasons behind it.
Therefore, assurers need to expand their role in public education on how assurers develop their product prices. Most of the cost goes toward paying claims, distribution costs, and maintaining statutory reserves. Assurers must demonstrate how much premium is allocated to companies as their pretax profits for every ringgit of premium received.
Public education goes a long way and will make the public understand the financial burden caused by APHM members.
Cheaper, Scalable & Customized Direct Products
Policy owners deserve access to cheaper health assurance products. Insurers can consider two critical modifiable parameters: direct distribution without going through agents and selling the product on a reimbursement basis. Distribution through agents is costly. Technology today allows companies to educate customers on product features with ease. Product distribution has greater depth today.
Assurers can develop tier products that cover the treatment of medical risks for specific age groups. The young have a lesser risk of admission due to chronic illnesses. The sum cover can be lowered since the cost of treatment for acute illnesses and injuries is low. Employees can buy a small sum for the employed category to cover health top-up products, where the primary claim should be against the employer's paid assurance. The top-up is used only when the primary product limits are exhausted.
The second strategy would be reintroducing reimbursement-based products. It has dual key advantages. First, the policy owners are responsible for controlling hospital bill expenses. Coupled with BNM directives of Co-payment, policy owners would question their hospital charges. Introducing Co-pay reimbursement products is within the assurer's rights. We cannot blame APHMs for making public statements and calling for assurers to keep cashless medical products as they know it significantly impacts their earnings.
The third strategy is for assurers to revisit and expand the strategy they introduced in early 2000, where they formed a consortium that markets national health assurance products instead of individual company products. An industry-wide product allows the consolidation of claim data to determine the true industry burning costs. More importantly, consolidating policy owners' data enables the industry to spread costs and introduce cheaper products. Individual assurance companies only need to focus on distribution and customer service. The focus would be on customer service. This approach would be the seed of the National Health Assurance under the assurance industry-driven National Healthcare Financing System.
Under this approach, the competition among the assurance companies is no longer on pricing. The law of large numbers dictates and has an impact on price. However, if private hospitals continue to have the unchecked freedom to determine the charges, the proposed measures will only temporarily reprieve policy owners.
Conclusion
In the best interest of policy owners & to protect them against increasing premiums, re-introducing reimbursement health products would be the best approach. Policy owners themselves must take the role of questioning hospital charges, which directly impacts health assurance premiums.
Assurers must develop products that limit the benefit payment according to age, gender, pre-existing conditions and risk exposure. A young person who enjoys employer insurance coverage does not need an RM1000,000 sum of cover. Having high annual and lifetime limits promotes "medical inflation".
Assurers must get their act together as an industry, focus on their policy owners, ignore APHM public statements and develop a structured public education program explaining how assurers’ price their products.
21-3-2025
Dr Mohamed Rafick Khan
Reassurer and Assurance Industry Consultant
Dr. Mohamed Rafick is a trained physician with 12 years of experience in military medical services and over 22 years of experience in the assurance industry. He retired as the CEO of a multinational reinsurance company in 2019. Currently, he remains active as an independent international assurance industry consultant.
SOURCE: Dr Mohamed Rafick Khan
Reassurer and Assurance Industry Consultant
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Dr Rafick
Tel: 012 2218956
Email: drrafick@gmail.com
--BERNAMA
Introduction
Despite calls to engage insurers privately and not moot their points through media, APHM continues airing its concerns publicly. The general public couldn't care less about this issue. These are private matters between APHM and Insurers. As mentioned in the same article, the relationship between private hospitals and insurers is best described as symbiotic. APHM must find solutions that flourish this relationship rather than be parasitic.
APHM proposes the formation of a joint working committee between the association and Assurers to review billing structures and ensure fair pricing of healthcare services. It is a good start, but it needs to focus its energy on the core matter, the burdening hospital charges that cause assurers to increase their prices. The billing structure and so-called fair pricing don't solve the current problems. It is more of an academic exercise.
APHM's public statements call for assurers to keep cashless medical products while using patient care as a smoke screen. It is a ruse to maintain its top and bottom line, and its sincerity can be seen when it issued a statement rejecting Assurer's proposal for private hospitals to freeze costs for three years and also for the Health Ministry to regulate the pricing of pharmaceuticals or medication during the period assurers facing premium pricing caps.
Public Education
Since APHM is only interested in making public statements to try to arouse policyholders’ sentiments to protect their cash flow and profit margins, it is time for assurers to take steps to protect policy owners' interests. The public is concerned about rising health premiums. They don't understand the reasons behind it.
Therefore, assurers need to expand their role in public education on how assurers develop their product prices. Most of the cost goes toward paying claims, distribution costs, and maintaining statutory reserves. Assurers must demonstrate how much premium is allocated to companies as their pretax profits for every ringgit of premium received.
Public education goes a long way and will make the public understand the financial burden caused by APHM members.
Cheaper, Scalable & Customized Direct Products
Policy owners deserve access to cheaper health assurance products. Insurers can consider two critical modifiable parameters: direct distribution without going through agents and selling the product on a reimbursement basis. Distribution through agents is costly. Technology today allows companies to educate customers on product features with ease. Product distribution has greater depth today.
Assurers can develop tier products that cover the treatment of medical risks for specific age groups. The young have a lesser risk of admission due to chronic illnesses. The sum cover can be lowered since the cost of treatment for acute illnesses and injuries is low. Employees can buy a small sum for the employed category to cover health top-up products, where the primary claim should be against the employer's paid assurance. The top-up is used only when the primary product limits are exhausted.
The second strategy would be reintroducing reimbursement-based products. It has dual key advantages. First, the policy owners are responsible for controlling hospital bill expenses. Coupled with BNM directives of Co-payment, policy owners would question their hospital charges. Introducing Co-pay reimbursement products is within the assurer's rights. We cannot blame APHMs for making public statements and calling for assurers to keep cashless medical products as they know it significantly impacts their earnings.
The third strategy is for assurers to revisit and expand the strategy they introduced in early 2000, where they formed a consortium that markets national health assurance products instead of individual company products. An industry-wide product allows the consolidation of claim data to determine the true industry burning costs. More importantly, consolidating policy owners' data enables the industry to spread costs and introduce cheaper products. Individual assurance companies only need to focus on distribution and customer service. The focus would be on customer service. This approach would be the seed of the National Health Assurance under the assurance industry-driven National Healthcare Financing System.
Under this approach, the competition among the assurance companies is no longer on pricing. The law of large numbers dictates and has an impact on price. However, if private hospitals continue to have the unchecked freedom to determine the charges, the proposed measures will only temporarily reprieve policy owners.
Conclusion
In the best interest of policy owners & to protect them against increasing premiums, re-introducing reimbursement health products would be the best approach. Policy owners themselves must take the role of questioning hospital charges, which directly impacts health assurance premiums.
Assurers must develop products that limit the benefit payment according to age, gender, pre-existing conditions and risk exposure. A young person who enjoys employer insurance coverage does not need an RM1000,000 sum of cover. Having high annual and lifetime limits promotes "medical inflation".
Assurers must get their act together as an industry, focus on their policy owners, ignore APHM public statements and develop a structured public education program explaining how assurers’ price their products.
21-3-2025
Dr Mohamed Rafick Khan
Reassurer and Assurance Industry Consultant
Dr. Mohamed Rafick is a trained physician with 12 years of experience in military medical services and over 22 years of experience in the assurance industry. He retired as the CEO of a multinational reinsurance company in 2019. Currently, he remains active as an independent international assurance industry consultant.
SOURCE: Dr Mohamed Rafick Khan
Reassurer and Assurance Industry Consultant
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Dr Rafick
Tel: 012 2218956
Email: drrafick@gmail.com
--BERNAMA
Saturday, March 22, 2025
ALLIANZ LIFE LAUNCHES NEW ILP ALLIANZ ASSUREDLINK WITH MEDICAL RIDER HEALTHASSURED
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| Chief Executive Officer, Charles Ong |
KUALA LUMPUR, March 21 (Bernama) -- Allianz Life Insurance Malaysia Berhad (Allianz Life) has unveiled a next-generation investment-linked plan (ILP) Allianz AssuredLink with medical rider HealthAssured, designed to offer Malaysians enhanced medical protection and greater financial security.
This launch underscores Allianz Life’s commitment to making quality healthcare more accessible, affordable, and comprehensive for Malaysians.
“At Allianz Life, we continuously innovate to meet our customers’ evolving healthcare needs. With Allianz AssuredLink and HealthAssured, we are introducing a medical plan that offers extensive coverage and added value so Malaysians can focus on their health and medical without the burden of financial uncertainty,” Allianz Life Chief Executive Officer, Charles Ong said.
To make protection more rewarding, HealthAssured include the following new features:
· Welcome Benefits and No-claim Benefits: Welcome benefits allow customers to enjoy a 20% discount on the Cost of Insurance (COI) at sign-up. Meanwhile, customers get to enjoy the 20% COI discount with No-claim Benefit as long as no claim was made during the Review Period.*
· Co-insurance options: Customers can choose between 5% or 15% co-insurance based on their financial needs, offering them the flexibility while ensuring continued access to quality healthcare. In addition, signing up during the Assured Booster Campaign period, running from 1 March to 30 April 2025, gives customers exclusive benefits including:
· Extra 50% Hospital Room & Board (R&B)
· Extra RM15,000,000 Overall Annual Limit
· Extended Period for Post-hospitalisation Treatment to 365 days
With these exclusive perks, customers gain extra medical coverage at no additional cost, ensuring smarter and better protection.
For more details, visit Allianz AssuredLink or speak to an authorised Allianz Life agent today.
SOURCE: Allianz Malaysia Berhad
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Shamala Gopalan
Group Head
Corporate Communications Department
Tel: 016.285.0685
Email: shamala.gopalan@allianz.com.my
Name: Gary Mark Nagan
Manager
Corporate Communications Department
Tel: 012.367.1450
Email: gary.nagan@allianz.com.my
--BERNAMA
Thursday, March 20, 2025
MIMOS AND SENSOREMTEK POWER MALAYSIA’S SEMICONDUCTOR REVOLUTION
.jpg) |
| (Left to right) Dato’ Ahmad Kabeer bin Mohd Nagoor, Shareholder, SensoremTek Sdn Bhd; Mr. Kathirgamasundaram Sooriakumar, SME Partner; Dato’ Norazharuddin bin Abu Talib, Director, SensoremTek Sdn Bhd; Dr. Saat Shukri Embong, Acting President & Group Chief Executive Officer, MIMOS Berhad, and En. Abdul Rashdee bin Abdul Kadir, Chief Operating Officer, MIMOS Berhad signed a strategic partnership agreement to advance Malaysia’s semiconductor industry. |
BUKIT JALIL, March 20 (Bernama) -- In a landmark move to drive innovation and technological self-reliance, MIMOS Berhad and SensoremTek Sdn Bhd (ST) penned a strategic partnership agreement to advance Malaysia’s semiconductor industry through the production of cutting-edge MEMS (Micro-Electro-Mechanical Systems) microphone sensor wafers.
This collaboration underscores MIMOS’s unwavering commitment to transforming Malaysia into a high-value semiconductor hub, leveraging its world-class wafer fabrication capabilities and R&D expertise. SensoremTek, a pioneering local start-up, brings specialised MEMS Microphone Sensor Technology to MIMOS, facilitating a full-scale technology transfer, training, and consultancy.
According to Dr Saat Shukri Embong, Acting President and Group Chief Executive Officer of MIMOS Berhad, “This partnership is more than just a business venture, it is a bold step toward self-sufficiency in semiconductor manufacturing. By investing in state-of-the-art fabrication infrastructure, MIMOS is accelerating local production capabilities and reducing dependency on foreign suppliers in critical MEMS technologies.”
MIMOS with our stakeholders’ support will channel investments in positioning its foundry as a supply chain player in the Malaysian semiconductor ecosystem. This commitment will enable MIMOS to scale up its back-end fabrication with the front-end technology powered by SensoremTek through a seamless transfer of technology, know-how, and industry best practices.
Dr Saat Shukri Embong added, “MIMOS is excited to partner with SensoremTek in this pivotal endeavour. This collaboration represents a significant leap forward for Malaysia's semiconductor industry, particularly in the crucial area of MEMS technology. SensoremTek with its vast experience in the MEMS product technology and market outreach has committed to collaborate with MIMOS to develop innovative MEMS-based products that will enhance Malaysia's position on the global stage. Together, we are paving the way for a future defined by technological excellence and national growth. We had a dream, envisioned our future, creating our path for the betterment of Malaysia.”
This collaboration will strengthen Malaysia’s position in the global E&E value chain, create high-skilled job opportunities, attract foreign direct investment (FDI), and elevate Malaysia as a centre of semiconductor innovation in Asia. As part of the agreement:
· MIMOS will provide fabrication and back-end wafer probing services, ensuring high-quality manufacturing processes.
· SensoremTek will supply advanced MEMS microphone sensor technology, conduct knowledge transfer, and support ongoing research & development (R&D).
· Both parties will explore future MEMS-based products to enhance Malaysia’s global competitiveness in semiconductor technologies.
A core pillar of this partnership is the empowerment of local engineers, scientists, and industry players. This initiative will nurture a new generation of semiconductor experts by developing practical skills and providing intensive training programmes, further propelling Malaysia’s aspirations toward Industry 4.0 leadership.
A Future Defined by Technological Excellence
With a clear roadmap for long-term collaboration, MIMOS and SensoremTek are setting a new benchmark for strategic industry partnerships. This agreement reaffirms Malaysia’s commitment to becoming a key player in the global semiconductor and MEMS sensor ecosystem, paving the way for breakthrough innovations and economic transformation.
Embarking on this exciting journey, MIMOS and SensoremTek remain steadfast in their mission to advance technology, drive national growth, and shape a future where Malaysia stands at the forefront of the world’s semiconductor revolution.
About MIMOS Berhad
MIMOS is a strategic agency under the Ministry of Science, Technology and Innovation (MOSTI) and a premier innovation centre in Semiconductors, Microelectronics, and ICT technologies, contributing to Malaysia’s socio-economic growth through patentable technology platforms, products, and solutions. Since its inception, MIMOS has filed 2,000 patents in various technology domains and across key socio-economic areas driving Malaysia’s digital transformation journey into the international arena.
As a centre of research excellence, MIMOS R&D activities currently focus on Semiconductor & Thin Film Research, Advanced Electronics & Embedded Systems, as well as Manufacturing and Smart Nation technologies. MIMOS continuously enhance its collaborations with existing strategic partners, explores new opportunities with potential partners, and develops new technology companies and business-oriented technology venture organisations. MIMOS also maintains its R&D of advanced technology, explores the development of global technopreneurship, and cultivates an attitude of trust, innovation and high performance.
For more information, please visit www.mimos.my.
SOURCE: MIMOS Berhad
FOR MORE INFORMATION, PLEASE CONTACT:
Corporate Communication team:
Name: Patricia Liew
Manager
Corporate Communication
Email: patricia.liew@mimos.my
Name: Nurazuin Wahab
Assistant Manager
Corporate Communication
Email: nurazuin.wahab@mimos.my
--BERNAMA
Kioxia Showcases High-performance Storage Solutions For AI At NVIDIA GTC 2025
KUALA LUMPUR, March 19 (Bernama) -- Kioxia Group is highlighting the critical role of high-performance storage in artificial intelligence (AI) solutions, including its ability to scale these applications effectively at NVIDIA GTC 2025.
According to a statement, Kioxia aims to demonstrate how flash memory can enhance performance and efficiency, helping organisations maximise their AI investments as they develop their AI strategies.
Visitors to Kioxia's booth at the San Jose McEnry Convention Center from March 17 to 21 will experience various product and technology demonstrations, including a broad lineup of its solid-state drives (SSDs) and live demos of its new All-in-Storage ANNS with Product Quantization (KIOXIA AiSAQ) technology as well as High Capacity QLC Storage for fast retrieval of large datasets.
In addition, Kioxia America Inc senior fellow and principal architect, Rory Bolt, will be participating in an Expo Hall Theater Session on March 21, titled “Improve Vector DB Performance While Reducing DRAM Use in AI Systems”.
A world leader in memory solutions, Kioxia is dedicated to the development, production and sale of flash memory and SSDs. It is committed to uplifting the world with “memory” by offering products, services and systems that create choice for customers and memory-based value for society.
-- BERNAMA
SOFTBANK GROUP TO ACQUIRE AMPERE COMPUTING FOR US$6.5 BLN
KUALA LUMPUR, March 20 (Bernama) -- SoftBank Group Corp (SoftBank Group) has announced the acquisition of Ampere Computing, an independent silicon design company, in an all-cash transaction valued at US$6.5 billion. (US$1=RM4.42)
Following the acquisition, Ampere will operate as a wholly owned subsidiary of SoftBank Group while retaining its name. Ampere's major investors, Carlyle and Oracle Corp, will divest their respective stakes in the company as part of the deal.
In a statement, SoftBank Group said this acquisition is a strategic move to strengthen SoftBank’s efforts to expand its artificial intelligence (AI) infrastructure investments, which include ventures such as Cristal Intelligence and Stargate.
SoftBank Group Chairman and Chief Executive Officer (CEO), Masayoshi Son said the future of artificial superintelligence requires breakthrough computing power.
“Ampere’s expertise in semiconductors and high-performance computing will accelerate this vision and strengthen our commitment to AI innovation in the United States,” he said.
Meanwhile, Ampere Founder and CEO, Renee James said the company is excited to join SoftBank and collaborate with its portfolio of technology firms.
“This is a fantastic outcome for our team, and we look forward to advancing our AmpereOne roadmap for high-performance Arm processors and AI,” she said.
The transaction is expected to be completed in the second half of this year, while Ampere’s headquarters will remain in Santa Clara, California.
Founded in Silicon Valley in 2018, Ampere initially focused on cloud-native computing before expanding into sustainable AI compute while the SoftBank Group invested in breakthrough technology to improve the quality of life for people worldwide.
-- BERNAMA
Following the acquisition, Ampere will operate as a wholly owned subsidiary of SoftBank Group while retaining its name. Ampere's major investors, Carlyle and Oracle Corp, will divest their respective stakes in the company as part of the deal.
In a statement, SoftBank Group said this acquisition is a strategic move to strengthen SoftBank’s efforts to expand its artificial intelligence (AI) infrastructure investments, which include ventures such as Cristal Intelligence and Stargate.
SoftBank Group Chairman and Chief Executive Officer (CEO), Masayoshi Son said the future of artificial superintelligence requires breakthrough computing power.
“Ampere’s expertise in semiconductors and high-performance computing will accelerate this vision and strengthen our commitment to AI innovation in the United States,” he said.
Meanwhile, Ampere Founder and CEO, Renee James said the company is excited to join SoftBank and collaborate with its portfolio of technology firms.
“This is a fantastic outcome for our team, and we look forward to advancing our AmpereOne roadmap for high-performance Arm processors and AI,” she said.
The transaction is expected to be completed in the second half of this year, while Ampere’s headquarters will remain in Santa Clara, California.
Founded in Silicon Valley in 2018, Ampere initially focused on cloud-native computing before expanding into sustainable AI compute while the SoftBank Group invested in breakthrough technology to improve the quality of life for people worldwide.
-- BERNAMA
Wednesday, March 19, 2025
BEYOND INSIGHTS SYMPOSIUM 2025 EMPOWERS INVESTORS TO NAVIGATE TRUMPONOMICS, MEGATRENDS, AND MINDSET FOR SUCCESS
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| Group photo of Beyond Insight Symposium 2025 |
KUALA LUMPUR, Malaysia, March 19 (Bernama) -- The Beyond Insights Symposium 2025, held at Connexion Conference & Event Centre, Bangsar South, successfully brought together investors, traders, and industry experts to gain insights into the financial markets. The event featured a powerful mix of macro analysis, megatrend opportunities, and mindset mastery, equipping attendees with strategies to navigate the evolving global landscape.
The Symposium welcomed esteemed thought leaders, including Dr. Brett Steenbarger, a renowned trading psychologist, Kathlyn Toh, Founder & Chief Trainer of Beyond Insights, Chee Mun Foong, CEO of YTL AI Labs, and Raja Azmi Adam, Director of Strategic Pursuits at Google Cloud for the ASEAN public sector. With a focus on global market trends, AI-driven opportunities, and success psychology, the event provided a roadmap for thriving in 2025 and beyond.
Macro: Spotting Money-Making Opportunities in Global Markets
With the U.S. election results shaping global markets, speakers discussed how Trumponomics—President Donald Trump’s economic policies—could impact trade, interest rates, and stock performance. Attendees learned how to position their portfolios strategically in response to policy shifts, taxation, and inflation.
“Understanding macroeconomics gives you conviction—the confidence to act when others are fearful,” said Kathlyn Toh during her keynote on Key Global Macro Factors Affecting Financial Markets in 2025.
Megatrend: The AI Revolution is Here to Stay
A major focus of the Symposium was AI’s ongoing impact on businesses and financial markets. Chee Mun emphasized that AI is no longer an emerging trend but a transformative force. He highlighted the rising demand for data centers, driven by long-term AI infrastructure planning.
Attendees gained insights into identifying leading AI-driven companies, investing in AI innovations, and understanding how AI integration will reshape industries like fintech, healthcare, and education.
“The hunger for computation will last at least the next 5 to 10 years because these projects require years of planning,” said Chee Mun.
"Whether you like it or not, Generative AI is here to stay—you’re using it all the time," added Raja Azmi, stressing AI’s permanent role in daily life and business.
Mindset: Success = Talent + Skill + Deliberate Practice
Dr. Brett Steenbarger, a leading performance coach, delivered a compelling message on the psychology of success in trading and investing. He introduced the formula:
Success = Talent + Skill + Deliberate Practice
While talent and skill are important, he emphasized that sustained success comes from continuous, deliberate effort. “Successful traders always take away lessons from both winning and losing trades—so that losses aren’t total losses,” he noted in his live Q&A session.
Actionable Insights for 2025
The Beyond Insights Symposium 2025 wasn’t just about theory—it was about turning insights into action. Attendees participated in interactive sessions, received expert market analysis, and engaged in a sector voting activity to predict top-performing industries for 2025.
As the event concluded, Kathlyn Toh challenged participants: “Don’t just learn—take action. The market rewards those who are prepared.”
Beyond Insights reaffirmed its position as a leading investment and trading education provider, dedicated to equipping individuals with the knowledge, strategy, and mindset needed to thrive in financial markets.
SOURCE: Beyond Insights Sdn Bhd
FOR MORE INFORMATION, PLEASE CONTACT:
Name: David Tai
Business Development Manager
Beyond Insight Sdn Bhd
Tel: +6013-5188049
--BERNAMA
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