Mavenir, OXIO Empowering Next-Generation Of MVNOs

KUALA LUMPUR, Feb 27 (Bernama) -- Mavenir has been selected by OXIO, a Telecom-as-a-Service (TaaS) company, for Packet Core, Integrated Management System (IMS) and next-generation messaging solutions to support borderless Mobile Virtual Network Operators (MVNOs) and embedded connectivity use cases on a global scale.

Mavenir Senior Regional Vice President of Southern Europe, Caribbean & Latin America, Antonio Correa said OXIO is a true innovator and a driver of real change in the telecom space.

“This first deal with OXIO will demonstrate the value that we can bring to their offering – and our cloud-native approach enables Mavenir solutions to be replicated in any geographies with rapid go-to-market times,” he said in a statement.

Meanwhile, OXIO Chief Technology Officer, Adil Belihomji said its shared cloud-native approach with Mavenir ensures high-quality, flexible services across Packet Core, IMS, and Messaging, delivering a top-tier experience as we launch new telecom services worldwide.

Mavenir has deployed a packet core that enables 4G and 5G user connectivity with an open, cloud-native, container-based solution, accompanied by its messaging platforms enabling revenue growth from valuable Application-to-Person (A2P) and business-to-consumer (B2C) segments.

Mavenir’s MAVcore functions are implemented as microservices running in containers, using open application programming interfaces (APIs) to integrate with third-party platforms and observability frameworks. This allows network operators to roll out services faster, increase efficiency, and reduce downtime.

OXIO’s cloud-native, programmable TaaS platform helps businesses to build and launch mobile services quickly and without limitations. Mavenir will help OXIO customers deliver and monetise a full suite of connectivity and messaging services.

This partnership marks Mavenir’s first deal with OXIO and signals plans to expand further into the Americas and beyond, aiming for global deployment. Mavenir’s products are hosted on Amazon Web Services, enabling OXIO to deploy services flexibly and cost-effectively across multiple countries.

-- BERNAMA

UEM EDGENTA BOOSTS PROFITABILITY WITH STRONG INTERNATIONAL GROWTH AND COST OPTIMISATION EFFORTS

UEM Edgenta Berhad

KUALA LUMPUR, Feb 28 (Bernama) -- UEM Edgenta Berhad (UEM Edgenta), a leading Asset Management and Infrastructure Solutions company in the region, today announces its unaudited financial results for the financial year ended 31 December 2024 (“FY2024”). The Company recorded Year-on-Year (“YoY”) revenue growth of 5.8% increasing from RM2.9 billion to RM3.0 billion compared to the previous year. In line with its commitment to delivering shareholder value, UEM Edgenta has declared a single-tier interim dividend of 4.0 sen per ordinary share for FY2024.
The Company reported a strong improvement in profitability, with profit after tax (“PAT”) rising by 70.6% to RM51.4 million compared to RM30.1 million in FY2023. The Company’s Normalised PAT (excluding Exceptional Items) has improved significantly from RM31.3 million in FY2023 to RM66.4 million in FY2024, recording 112.1% increase. This solid growth was primarily driven by expansion in international business through major contract renewals and new contract wins, along with enhanced operational efficiencies and strategic cost management initiatives implemented throughout the year.

In the fourth quarter of FY2024, UEM Edgenta recorded a revenue of RM819.4 million, up from RM793.2 million in the preceding quarter. Net profit for the quarter stood at RM17.9 million, marking a 72.1% Quarter-on-Quarter (“QoQ”) increase from RM10.4 million in Q3 FY2024. Cost optimisation programmes at both the operating and corporate levels, coupled with a procurement cost savings programme, have been instrumental in driving the positive performance.

Following the company’s success in achieving RM100 million savings under Edgenta of The Future 2025 (EoTF25) a year ahead of schedule, additional cost-saving initiatives totalling RM150 million were launched in early 2024. As of 31 Dec 2024, company achieved savings of RM41.1 million which signified its commitment to operational excellence towards delivering sustainable value to its stakeholders in an increasingly challenging business environment.

Internationally, the company has successfully expanded its service offerings beyond the Healthcare sector in Singapore into high-end Hospitality sector and Grade A Office Buildings. Contributing approximately RM20.0 million to UEM Edgenta's order book as of end 2024, the strategic acquisition of UAE-based Kaizen Group provides the essential platform for the company to scale up the property management market value chain in the Middle East region. In the fourth quarter of FY2024, the company launched the MEEM Facility Management Graduate Training Program, an impactful initiative by UEM Edgenta Berhad which is a testament to our strong partnership with the Kingdom of Saudi Arabia.

UEM Edgenta’s strong financial performance was also contributed by execution leadership in the domestic market which secured new contract wins for the company in key infrastructure projects namely the Pan Borneo Highway new work packages and the North South Expressway lane widening in Johor. Committed towards supporting the national sustainability agenda, more than 50% of the company’s RM100 million Sustainable Zero Capex programme has been earmarked for utilisation by its clients.

Commenting on the results, UEM Edgenta’s Managing Director and Chief Executive Officer, Syahrunizam Samsudin, highlighted the company’s resilience amid economic headwinds. “Despite macroeconomic challenges and inflationary pressures, we have maintained steady revenue growth and enhanced profitability. This reflects our agility in adapting to market dynamics and the effectiveness of our strategic initiatives in digital transformation, operational excellence, and regional expansion,” he stated.

“As we chart our path forward, we remain steadfast in leveraging technology and innovation to enhance service excellence while embedding sustainability across our operations. Our commitment to being a reliable partner drives us to strengthen our regional footprint and deepen collaborations with key stakeholders, ensuring long-term value creation for our shareholders, clients, and the communities we serve. With a strong foundation and a clear strategic direction, we are confident in sustaining our growth momentum and navigating the evolving market landscape with agility and resilience," he added

Looking ahead to FY2025, UEM Edgenta remains committed to leveraging its core strengths to seize emerging opportunities in high-growth markets. With a strategic focus on operational excellence through technology and innovation, UEM Edgenta aims to drive growth through service and product offerings which are pivoted by its proprietary digital asset management platform, Asseto, which is designed to optimize the lifecycle management of assets. It integrates multiple asset management functions, leveraging data analytics, automation, and Internet of Things (IoT) technologies to enhance efficiency, reduce costs, and improve decision-making for its clients. Continuously strengthening its delivery in smart and sustainable asset management services, UEM Edgenta is poised to further expand its market footprint across the domestic and international markets it currently operates in which include Singapore, Taiwan, United Arab Emirates, Kingdom of Saudi Arabia and Indonesia.

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

About UEM Edgenta Berhad

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

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

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

Issued by UEM Edgenta Berhad

SOURCE: UEM Edgenta Berhad

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

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

--BERNAMA

ENCORP RETURNS TO PROFITABILITY IN 2024 WITH RM3.4MIL NET PROFIT

KOTA DAMANSARA, Selangor, Feb 28 (Bernama) -- Encorp Berhad (“ENCORP” or “the Group”), a Main Market-listed property development and investment company, has reported a strong financial turnaround for the financial year ended 31 December 2024, posting a net profit of RM3.4 million compared to a net loss of RM8.5 million in the previous year.

For the full year 2024 performance, the Group recorded a profit before tax of RM6.1 million, marking a strong recovery from a loss of RM1.1 million in the corresponding period in 2023. This represents ENCORP’s first return to profitability since 2016.

ENCORP’s turnaround was mainly driven by a reversal of RM6.6 million in cost of sales provisions from prior years, accounting gains of RM2.1 million from fair value adjustments on investment properties and the reversal of inventory write-offs totalling RM1.8 million, all contributing positively to the bottom-line. Additionally, improved efficiencies from close monitoring, effective cost control measures and the successful execution of restructuring and rationalisation initiatives further strengthened the Group’s performance.

The Group is supported by stable revenue streams from its concession, rental income, construction and facilities management divisions. With operations backed by a solid net asset per share of RM1.06, ENCORP remains well-positioned to sustain growth and strengthen its financial resilience. Property development remains ENCORP’s largest revenue contributor at 51%, followed by concession income at 39.8%.

Commenting on the performance by ENCORP’s Group Chief Financial Officer and Officer-In-Charge, Kamarul Azman Bin Kamarozaman @ Amir, “ENCORP’s return to profitability reflects the strength of our strategic initiatives, disciplined cost management and operational efficiencies. This achievement would not have been possible without the steadfast support and guidance of our Board of Directors, whose leadership has been instrumental in steering the Group towards a stronger financial position.

In 2024, we have taken significant steps to enhance governance and strengthen our operational framework, ensuring greater transparency and efficiency across the organisation.

Moving forward, we remain committed to optimising our assets, expanding revenue streams and unlocking the full potential of our landbank. With a clear strategy in place, we are confident in delivering sustainable growth and long term value for our shareholders and stakeholders.”

ENCORP is also actively exploring several promising opportunities in the pipeline. A key priority for the Group’s property division this year is the development of Balau Residences in Kuantan, Pahang and Lamanda Chuping Phase 2 in Perlis. ENCORP is currently finalising project details and looks forward to unveiling more in due course.

About Encorp Berhad (ENCORP)
Listed on the Main Market of Bursa Malaysia (Ticker: ENCORP/6076), ENCORP is principally an investment-holding company. The Group is currently involved in three core businesses – property development, property investment and construction. Please visit encorp.com.my for more information.

SOURCE: Encorp Berhad (ENCORP)

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

--BERNAMA

MPC-CB ACHIEVES NEW MILESTONES IN 2024 PRODUCTIVITY SPECIALIST CERTIFICATION PROGRAMME

Mr. Lawrence Kong receives his Certified Senior Productivity Specialist certificate during the Certified Productivity Specialist Certificate Presentation Ceremony on 26 February 2025 at MPC, Aras 1 East Wing, Menara MATRADE.

KUALA LUMPUR, 27 Feb (Bernama) -- The Malaysia Productivity Corporation Certification Body (MPC-CB) proudly celebrates its achievements for the year 2024, marking another year of excellence in advancing productivity expertise. This year, MPC-CB has successfully certified 12 new productivity experts, upgraded three specialists to the status of Certified Senior Productivity Specialist, and completed one recertification for a total of 16 certifications.

A landmark achievement for 2024 is the certification of the first-ever international Certified Productivity Specialist (CPS) from Pakistan, highlighting the growing recognition of MPC-CB’s certification on a global scale. Since the programme’s inception in 2020, MPC-CB has certified a total of 30 productivity specialists, affirming its leadership in professionalising productivity practices both locally and internationally.

The Certified Productivity Specialist (CPS) programme is an integral part of MPC-CB’s mission to foster excellence among productivity experts. The programme equips participants with the tools and methodologies to drive productivity improvements, particularly in small and medium-sized enterprises (SMEs). Certified specialists are instrumental in helping SMEs streamline operations, improve cost efficiency, and remain competitive in an ever-evolving marketplace.

The Director General of MPC, Zahid Ismail, lauded the programme’s success and its positive implications for Malaysia’s economic landscape:

“The 2024 achievements reflect our unwavering commitment to fostering expertise in productivity enhancement. Certified Productivity Specialists are not just experts; they are change agents, driving transformation in SMEs, which form the backbone of Malaysia’s economy. This programme is critical to creating sustainable growth and enhancing Malaysia’s global competitiveness.”

Zahid Ismail also shared his vision for 2025:

“For 2025, we aim to expand our reach and encourage more professionals, both locally and internationally, to join this programme. We want to empower more SMEs by connecting them with certified specialists who can deliver tailored solutions to boost productivity. This alignment of expertise and business needs is crucial for Malaysia’s growth as a productivity-driven nation.”

Looking ahead, MPC-CB remains committed to excellence as it prepares for its recertification assessment by the APO Accreditation Body in 2025. This process underscores the organisation’s dedication to maintaining international standards and ensuring the continued relevance of the CPS programme.

MPC-CB invites industry professionals, trainers, consultants, and SMEs to leverage the benefits of the CPS programme. Together, these efforts aim to empower businesses, strengthen economic resilience, and elevate productivity standards across all sectors.

About Malaysia Productivity Corporation (MPC)
MPC is a statutory body under the Ministry of Investment, Trade and Industry (MITI). It drives national productivity holistically at the national, sectoral, and enterprise levels through five main thrusts: developing future talent, driving digitization and innovation, ensuring industry accountability for productivity, building a robust ecosystem, and fostering productive mindset. It collaborates strategically with the private and public sectors by emphasising productivity as a key agenda to boost productivity growth and national competitiveness, ultimately leading to shared well-being and prosperity.

SOURCE: Malaysia Productivity Corporation (MPC)

FOR MORE INFORMATION, PLEASE CONTACT:
MPC Certification Body
Tel: +603 7955 7266
Email: sec-cb@mpc.gov.my

--BERNAMA

Nippon Kinzoku To Launch New Service In April, Fostering Customer Partnerships

KUALA LUMPUR, Feb 26 (Bernama) -- Nippon Kinzoku Co Ltd will open a "Trial Products & Consignment Processing Support Desk" service on April 1, with the aim of creating new partnerships with customers.

The company in a statement said it will also establish a dedicated "Production Process & Support Dept" to handle trial productions, samples, and consignment processing and will begin accepting enquiries.

This new service will leverage the company's expertise in rolling, forming, and welded drawn pipe technologies to assist customers with development and trial production needs. The service will be aimed at addressing the evolving demands of the market.

Key features of the service include a specialised department to assist with a range of consultation needs, utilising Nippon Kinzoku's research and development (R&D) facilities and extensive processing technology experience.

The company will also provide comprehensive support throughout the product development process, from initial concept to trial and eventual mass production. This end-to-end support ensures that customers receive continuous assistance as they progress through the stages of their projects.

In addition to these services, Nippon Kinzoku will offer consignment processing and specialised manufacturing services, including material rolling, heat treatments, various surface treatments, profile rolling, roll forming, and precision pipe forming, catering to complex and customised production needs.

To further support customers, the company will ensure the quick delivery of small-quantity samples and trial products. It will also expand its inventory to include more samples and small-lot stainless steel strips, providing prompt solutions for customers requiring minimal quantities.

Additionally, the company will revamp its website to include a new "Trial Production & Consignment Processing Support Desk" page on April 1. Customers are encouraged to consult with Nippon Kinzoku at any stage of their product development process for support in mass production.

-- BERNAMA

PETRONAS PARTNERS WITH ENERGY INSTITUTE TO DELIVER ASIA’S ENERGY TRANSITION

(From left) Martin Maeso, Technical Director, Energy Institute; Ir Mohd Yusri Mohamed Yusof, PETRONAS Senior Vice President of Project Delivery and Technology; Dr Nick Wayth, Chief Executive Officer, Energy Institute; Abang Jimmy Abang Mordian, PETRONAS Senior General Manager of Strategy and Corporate Services, Project Delivery and Technology; Yewande Abiose, Head of Strategic Partnership, Energy Institute taking a group photo after the signing ceremony between PETRONAS and Energy Institute at the International Energy Week (IEW) in London.

LONDON, Feb 27 (Bernama) -- PETRONAS has forged a partnership with Energy Institute (EI), becoming the first Southeast Asia-headquartered company to join the UK-based chartered professional membership body as a technical partner.

The collaboration brings together PETRONAS’ 50 years of expertise in the energy industry and EI’s long-standing efforts to improve the management of the energy sector. Together, they are committed to creating a more informed, resilient, and efficient energy landscape across Asia.

The partnership underscores PETRONAS' commitment to advancing the energy transition in Asia. PETRONAS believes that collaboration is key in driving progress in commercialising emission-reduction technologies, infrastructure development, transition financing, and upskilling talent for an inclusive energy transition.

The parties entered a partnership agreement during a signing ceremony attended by PETRONAS Senior Vice President of Project Delivery and Technology, Ir Mohd Yusri Mohamed Yusof; PETRONAS Senior General Manager of Strategy and Corporate Services, Project Delivery and Technology, Abang Jimmy Abang Mordian; Energy Institute Chief Executive Officer Dr Nick Wayth and Energy Institute Technical Director Martin Maeso, on the sidelines of the International Energy Week (IEW) in London recently.

“In line with PETRONAS’ efforts to foster impactful innovation ecosystems supporting Net Zero ambitions in Asia, our collaboration with the Energy Institute brings together our expertise, resources, and passion to catalyse the progress towards a sustainable and resilient energy future that the world needs,” Ir Mohd Yusri said.

“Partnering with the Energy Institute on energy transition, PETRONAS reaffirms its commitment to driving meaningful change in the industry. Achieving Net Zero in Asia is critical to the global goal. Through this purposeful partnership, we aim to empower the energy sector in Asia with the knowledge and networks needed for an equitable and responsible transition,” he added.

Commenting, Dr Nick Wayth FEI, said: “At the Energy Institute, we are dedicated to creating a better energy future for our members and society by accelerating a just global energy transition to net zero. I’m delighted to have the support of our newest Technical Partner, PETRONAS, on this journey.

“This new partnership is central to the Energy Institute’s future activities supporting and equipping the energy sector in Malaysia, in the wider Asia Pacific region and globally.”

As a Technical Partner, PETRONAS will contribute to shaping future programmes through a seat on the EI Scientific and Technical Advisory Committee (EI-STAC), allowing the company to set industry standards and forge relationships with other leading organisations.

The partnership will focus on three key pillars: promoting decarbonisation and operational excellence through innovative solutions, enabling informed decision-making with expert advice on policy and societal impact, and nurturing the next generation of energy professionals to ensure the sector thrives amidst rapid change.

Aligned with global sustainability goals, PETRONAS and Energy Institute are poised to co-generate sustainable energy solutions, while addressing the critical opportunities and challenges posed by the energy transition.

The Energy Institute will also participate in Energy Asia, which will be held from 16 to 18 June 2025 in Kuala Lumpur, teasing the 2025 Statistical Review due out later that month, as well as engaging in in the Future Energy Leaders programme.

Energy Asia serves as a platform for advancing Asia’s net-zero ambitions, fostering cross-sector collaboration to drive actionable solutions for an inclusive energy transition.

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 Energy Institute 
The Energy Institute (EI) is the chartered professional membership body for people who work across the world of energy. Our purpose is to create a better energy future for our members and society by accelerating a just global energy transition to net zero. We do this by attracting, developing and equipping the diverse future energy workforce; informing energy decision-making through convening expertise and advice; and enabling industry and consumers to make energy lower carbon, safer and more efficient. @EnergyInstitute #IEWeek

Issued by
Media Communications
Group Strategic Relations & Communications
PETRONAS

SOURCE: PETRONAS

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

--BERNAMA

KPMG IN MALAYSIA OPENS APPLICATIONS FOR THE 2025 COHORT OF KPMG YOUNG STAR SCHOLARSHIP PROGRAM

PETALING JAYA, Feb 27 (Bernama) -- Leading professional services firm KPMG in Malaysia reaffirms its commitment to lifelong learning and educational empowerment through the KPMG Young Star Scholarship Program, which is now accepting applications. A key program under the KPMG Education Trust Fund (“ETF”), the Young Star Scholarship program provides financial aid, professional development, and career opportunities to high-achieving accounting and finance undergraduate students from underprivileged backgrounds.

“At KPMG, we see learning as a continuous journey-- one that extends beyond the classroom and fuels both personal and professional growth. It is a lifelong journey that opens doors to new opportunities and motivates personal development,” said Foong Mun Kong, Managing Partner of KPMG in Malaysia. “Through KPMG Young Star Scholarship Program, we are investing in the next generation of leaders by equipping them with career defining opportunities, essential skills and experience.”

Since the launch of the KPMG Education Trust Fund in 2022, KPMG has pledged RM5 million over a decade. Each year, approximately RM500,000 is allocated to support KPMG’s various scholarship and sponsorship programs, including the Young Star Scholarship. To date, the programs have supported close to 200 beneficiaries. Notably, 71% of these beneficiaries come from B40 communities.

Empowering scholars through education and experience

To qualify for the KPMG Young Star Scholarship Program, applicants must meet the following criteria:

• A Malaysian citizen.
• Undergraduate students in penultimate year with at least one full academic year remaining.
• Minimum CGPA of 3.5 in STPM, A-Levels, Foundation, or Diploma.
• Proven leadership skills and active participation in extracurricular activities.
• Background in Accounting and Finance.
• Not presently holding other scholarships.

Successful applicants will receive financial support, guaranteed internship placements and job opportunities at KPMG in Malaysia upon graduation, sponsorship to complete their Malaysian Institute of Certified Public Accountants (MICPA) qualification and other benefits from the program.

Applications for the 2025 Young Star Scholarship Program are open until 6 April 2025. Shortlisted candidates will be notified for the next selection stages. For more details or to apply, please visit kpmg.com.my/educationtrustfund.

SOURCE: KPMG PLT

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Andrew Leong
Assistant Manager, Marketing & Communications
KPMG in Malaysia
Tel: 017-4737042
Email: kaijianleong@kpmg.com.my

Name: Khadijah Zainal
Executive, Marketing & Communications
KPMG in Malaysia
Tel: 011-11468571
Email: khadijahzainal@kpmg.com.my

--BERNAMA

A CULINARY JOURNEY THROUGH TRADITION: WYNDHAM GRAND BANGSAR KUALA LUMPUR PRESENTS "SAJIAN WARISAN NUSANTARA" RAMADAN BUFFET

Sajian Warisan Nusantara Ramadan Buffet 2025

BANGSAR, Feb 27 (Bernama) -- Building on our tradition of celebrating Malaysian heritage and culture, Wyndham Grand Bangsar Kuala Lumpur proudly presents "Sajian Warisan Nusantara", a newly introduced Ramadan buffet concept. Now in its second year hosting a Ramadan buffet under the Wyndham Grand Bangsar Kuala Lumpur brand, this fresh rebranding offers an unforgettable culinary journey, showcasing the rich warisan (legacy) of flavours from the diverse Nusantara region.
From the moment you step inside, you’ll be immersed in a warm and inviting atmosphere that blends cultural elements with genuine hospitality. The carefully curated setting, paired with the enticing aromas of our culinary offerings, creates an experience that truly embodies the spirit of togetherness during this special time of year.

This year’s Ramadan buffet offers an exquisite selection of dishes designed to delight every palate, featuring a variety of signature and traditional favourites. Guests can indulge in the rich and aromatic Kari Kepala Ikan Salmon, along with our Hidangan Kawah selections, including the tantalizingly spicy Asam Pedas Ekor Sapi, the flavourful Gulai Patin Tempoyak, and the hearty Gulai Kambing Nangka. For rice lovers, we offer a selection of fragrant and perfectly spiced options, such as Nasi Mandy, Nasi Madghout, and Nasi Minyak. With an extensive spread of over 150 dishes, including an array of other mouth-watering options, Sajian Warisan Nusantara promises a truly memorable dining experience for all.

Priced at RM188 for adults, RM98 for children and senior citizens, this year’s Ramadan buffet offers exceptional value. Guests who book before February 28 can enjoy an exclusive early bird price of RM148. This special offer makes the Ramadan buffet an irresistible culinary journey, perfect for all to indulge in the flavours of the season.

What makes this year’s Ramadan buffet truly special is that it marks the second year of Wyndham Grand Bangsar Kuala Lumpur’s established brand in the heart of Bangsar. We invite guests to celebrate the spirit of Ramadan and Malaysia's rich heritage in a setting that combines refined luxury with a warm, welcoming atmosphere

We are excited to welcome guests back to our highly anticipated Ramadan buffet, 'Sajian Warisan Nusantara,' for another year of unforgettable culinary experiences,” shared Mr. TK Lee, General Manager of Wyndham Grand Bangsar Kuala Lumpur.

For FNB inquiries, please contact:
Phone: +603 2298 1888 Ext.: 5000 | +6016 336 6792 (WhatsApp)
Email: fb1@wyndhamgrandbangsarkl.com
Website: https://wyndhamgrandbangsarkl.com.my/

About Wyndham Grand Bangsar Kuala Lumpur

Wyndham Grand Bangsar Kuala Lumpur, situated in the heart of Bangsar, offers a unique blend of luxury, convenience, and sophistication. As the first Wyndham Grand property in Malaysia, it embodies the "Count On Me" service culture, providing an unrivaled experience for both business and leisure travelers. With 513 luxurious rooms, world-class amenities, a Grand Ballroom with a capacity of 2000 guests, and 17 versatile meeting rooms, the hotel is the ideal destination for grand gatherings and corporate events. For more information, visit

https://wyndhamgrandbangsarkl.com.my/

SOURCE: Wyndham Grand Bangsar Kuala Lumpur

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Muhamad Rafidi Bin Mohd Rathi
Marcom Manager
Wyndham Grand Bangsar Kuala Lumpur
Tel: +60122413965 | +603 2298 1888
Email: marcom@wyndhamgrandbangsarkl.com

--BERNAMA

PETRONAS AND ENI TO EXPLORE COMBINING INTERESTS INTO NEW JOINT VENTURE

KUALA LUMPUR, Feb 27 (Bernama) -- PETRONAS and Eni have announced an exclusive Memorandum of Understanding (MoU) to progress detailed discussions on establishing a joint venture holding company to oversee selected upstream assets in Indonesia and Malaysia.

Both companies believe that this joint venture will create significant opportunities for growth, both in Malaysia and Indonesia, and is expected to generate substantial synergies towards becoming a major LNG player in the region, while delivering in the medium term, a sustainable 500 kboepd production. The joint venture will combine approximately 3 billion boe of reserves with an additional 10 billion boe of potential exploration upside.

The joint venture will focus on investing in new gas development projects, reflecting the companies’ commitment to energy transition and supporting the increasing regional domestic gas demand. A comprehensive business plan will be developed to capture future opportunities in exploration, development, and potential portfolio growth.

Under this arrangement, the assets will retain their current operational structure, with a focus on HSE, project delivery and efficiency, while both companies continue to uphold their social investment commitments. The new company will leverage the competencies and financial capabilities of both PETRONAS and Eni and is expected to raise external financing on a standalone basis.

PETRONAS and Eni aim to ensure stability in production for Malaysian assets while supporting timely new developments in Indonesia.

Both PETRONAS and Eni have informed the Indonesian and Malaysian governments of their intentions. Any final transaction will be subject to relevant governmental, regulatory, and partner approvals.

Issued by:

Media Communications
Group Strategic Relations and Communications
PETRONAS

SOURCE: PETRONAS

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Janette Boniface Barau
Tel: +6012 890 0241
Email: janette.barau@petronas.com.my

Name: Hana Nazsulaeeqa Harun
Tel: +6010 4553 378
Email: hananazsulaeeqa.haru@petronas.com.my

--BERNAMA

HYTERA TO UNVEIL HYTALK PTTOC PLATFORM AT MWC25, REVOLUTIONISING COMMUNICATION FOR CRITICAL INDUSTRIES

KUALA LUMPUR, Feb 27 (Bernama) -- Hytera Communications, a global leader in professional communications technologies and solutions, will showcase its Push-to-Talk over Cellular (PoC or PTToC) solution, the Hytera HyTalk PoC Platform, at Mobile World Congress 2025 (MWC25) in Barcelona on March 3 to 6.

Designed for government departments, transportation, utilities, security, logistics, and industries, the HyTalk PoC Platform leverages public networks to deliver a robust suite of communication services beyond push-to-talk, including voice, video, multimedia, and visualised dispatching.

Whether deploying a private communication system for the mobile workforce or providing communication services as a business, the platform provides abundant features for both users and administrators, according to Hytera in a statement.

Built for reliability, the platform uses a microservices architecture that guarantees high stability and seamless operation. Its scalable design dynamically allocates resources based on user demand, ensuring uninterrupted service and optimal performance, even during peak usage.

Security remains a top priority, with advanced measures such as signalling encryption, end-to-end media encryption, terminal authentication, and web access control to safeguard sensitive data from unauthorised access and potential threats.

The platform is adaptable to various operational needs, offering flexible deployment options, including cloud-based, on-premises, and industrial personal computer (PC) configurations.

Its customisable features enable seamless integration with existing business systems, providing tailored solutions for diverse industries. Operators and service providers can efficiently deliver public network PoC services while ensuring data segregation and operational independence among different enterprise users.

The platform is compatible with a range of professional PoC radios and devices from Hytera, enhancing coordination and efficiency in business-critical operations. These radios are built for reliability, offering clear audio, precise location tracking, extended battery life, and superior durability, ensuring uninterrupted communication in demanding conditions.

Hytera invites communication service providers, system integrators, industry professionals and stakeholders to explore the Hytera HyTalk Platform firsthand and see how it is revolutionising communication for critical industries worldwide.

-- BERNAMA

AUTEL ENERGY UNVEILS HIGH-SPEED MAXICHARGER DH480 AT EVCHARGE LIVE THAILAND 2025

Autel Energy at Booth F10, EVCharge Live Thailand 2025 held at BITEC (Photo: Business Wire)

 

KUALA LUMPUR, Feb 27 (Bernama) -- Autel Energy, an electric vehicle (EV) charging solutions provider, is making waves at EVCharge Live Thailand 2025, held on Feb 26 to 27, with the debut of its innovative MaxiCharger DC series.

According to a statement, this new lineup includes the state-of-the-art MaxiCharger DH480 All-in-One Charger, along with a full range of AC and DC charging products designed to meet diverse EV charging needs.

The DH480 sets a new standard for fast, efficient, and reliable EV charging, delivering up to 480 kilowatts (kW) of power and supporting simultaneous charging for up to four vehicles, ideal for high-demand locations.

It offers the industry’s highest charging speed, adding up to one kilometre (km) of range per second, with a success rate exceeding 99 per cent. Its versatility extends to payment options, with support for credit cards, RFID, QR codes, and Plug & Charge technology, ensuring a seamless experience for drivers.

Additionally, the MaxiCharger DC series integrates with renewable energy systems such as photovoltaic (PV) and battery energy storage (BESS), making it a future-proof solution for sustainable EV charging. With AI-driven monitoring and predictive maintenance ensuring over 98 per cent uptime, DH480 optimises operational performance.

Thailand's rapidly growing EV market positions it as a key player in Southeast Asia's green transportation ecosystem. Recognising this opportunity, Autel Energy has made Thailand a focus of its expansion strategy, rolling out a variety of charging solutions nationwide to serve various charging needs, from on-the-go charging stations to fleet and residential solutions.

Since 2022, the company has partnered with RÊVERSHARGER to deploy 120 kW and 360 kW fast-charging stations at Bangchak petrol stations and BYD showrooms in Thailand. Its widely popular AC Wallbox 7.4 kW is also gaining traction among Thai households, appreciated for its reliability, efficiency, and ease of use.

Autel Energy continues to prioritise AI in its solutions, preparing for the evolving AI-driven EV charging landscape. By incorporating proprietary technology, it is leveraging AI for dynamic load management, predictive maintenance, and seamless driver experiences.

This strategy ensures that Autel Energy remains at the forefront of innovation, providing scalable, efficient, and future-ready EV charging solutions.

-- BERNAMA

Anaqua Acquired By Nordic Capital To Boost IP Management Growth

KUALA LUMPUR, Feb 26 (Bernama) -- Anaqua has announced that Nordic Capital, a technology & payments private equity investor, has acquired a controlling interest in the company from Astorg.

The acquisition represents a key strategic investment by Nordic Capital, focused on driving continued growth for Anaqua through the development of increasingly innovative IP management solutions.

Anaqua Chief Executive Officer, Bob Romeo, expressed confidence that Nordic Capital’s partnership will help drive industry transformation in software-led intellectual property (IP) management, benefitting both Anaqua and its customers.

Meanwhile, Nordic Capital Advisors Partner and Head of Technology & Payments, Fredrik Näslund stated that the firm is eager to support Anaqua’s next phase of growth, expanding its global presence and establishing the leading IP management platform for innovation-driven industries.

With the support of Nordic Capital, Anaqua in a statement said it will continue to expand globally and improve its software and operational capabilities, strengthening its position in the market.

Anaqua's differentiated platforms, AQX and PATTSY WAVE, integrate critical functions like data analytics, patent and trademark renewal payments, and foreign filings into comprehensive software tools that help IP professionals streamline operations and make strategic decisions about their valuable IP assets.

Nordic Capital has over 20 years of experience accelerating the growth of innovative technology companies and has made 33 technology investments in companies with an aggregate enterprise value of approximately 26 billion euros. (1 Euro = RM4.63)

Anaqua is a premium provider of integrated technology solutions and services for the management of IP, headquartered in Boston, with additional offices in the United States, Europe, Asia, and Australia.

-- BERNAMA

NIQ Reports 7.3 Pct Growth In Global Beauty Industry

KUALA LUMPUR, Feb 25 (Bernama) -- NielsenIQ (NIQ), a leading consumer intelligence company, has announced a 7.3 per cent year-over-year growth in the global beauty industry.

The Latin American and the Africa-Middle East regions lead with the biggest growth, while North America and Western Europe are also showing robust growth rates of 7.8 per cent and 7.7 per cent, respectively.

In the Asia Pacific region, South Korea, India, Thailand, Singapore, and New Zealand are emerging as leading markets, contributing to overall value growth. Inflation is a major driver of this global expansion, but the growth is also supported by increasing incomes and the influx of new consumers.

NIQ senior vice president of beauty & personal care, Tara James Taylor emphasised that succeeding in the rapidly evolving beauty industry in 2025 will require balancing innovation with tradition, affordability with luxury, and sustainability with scalability.

“Finding the right balance will be crucial for those aiming to thrive in the US$1 trillion global beauty market,” she said in a statement.

E-commerce continues to drive the beauty industry's sales, with varying growth rates across different regions. In China, a staggering 87 per cent of hair and skincare sales occur online, while in India and Brazil, the figures are much lower, at 17 per cent and under 10 per cent, respectively. Despite these variations, one overarching trend is the dominance of online sales over in-store sales.

In the United States (US), online beauty sales account for 41 per cent of all beauty and personal care sales, with platforms like Amazon gaining share through competitive pricing, fast shipping, and a broad product range. While online sales have surged over the past five years, in-store retail has remained relatively stagnant, highlighting the need for retailers to transform the in-store shopping experience.

The shift toward e-commerce is not just a pandemic-driven trend but represents a fundamental change in consumer behaviour, especially among younger generations.

Additionally, social commerce is on the rise globally. Platforms like TikTok Shop are now major players, becoming the eighth-largest e-commerce beauty retailer in the US, contributing US$1 billion in beauty sales. This trend underscores the growing influence of social commerce in the beauty sector. (US$1=RM4.40)

Despite the surge in digital sales, in-store retail still holds its relevance, especially for high-investment items like skincare, where consumers value the tactile experience and personalised consultations.

Moving forward, retailers will need to strike a balance between convenience and customer satisfaction, integrating online and in-store experiences to meet modern consumer expectations.

-- BERNAMA

SME MALAYSIA HOSTS SUCCESSFUL BUSINESS TALK ON AI IN FINANCE AND E-INVOICING

YB Gobind Singh Deo (left 8) with guests of SME Business Talk on AI in Finance And E-Invoicing. From left Dr. Sasikala, Jamie Tan, Jason Wong, Camelia Loh, Saiful Izwan, Dr. Rasyidah, Desmond Anil, Chin Chee Seong, Datuk Ts. Fadzli, Boon Kim San, Miccele Siow, Datuk Ada Poon, Dennix Yeow, Tong Yoke Lean, Dr. Jennifer Ong. Empowering SME’s at The SME Business Talk Series By SME Malaysia

Empowering SMEs with Digital Transformation, E-Invoicing, and New Business Opportunities

KUALA LUMPUR, Feb 26 (Bernama) -- The SME Association of Malaysia (SME Malaysia) successfully hosted the SME Business Talk Series: Empowering AI in Finance and E-Invoicing for SME Businesses yesterday at Menara AFFIN @ TRX. The event brought together over 300 business leaders, policymakers, and SME owners to explore the opportunities and challenges of AI and e-invoicing, and how SMEs can leverage digital transformation to drive growth, efficiency, and compliance.

Government’s Commitment to SME Digitalisation and E-Invoicing

The event was officiated by YB Tuan Gobind Singh Deo, Minister of Digital Malaysia, who highlighted the government’s commitment to accelerating digital adoption among SMEs, particularly in implementing e-invoicing as part of Malaysia’s digital tax and financial reform strategy.

“The digital economy is rapidly evolving, and SMEs must adapt to remain competitive. AI and e-invoicing will not only streamline business operations but also open new opportunities for growth. The government is committed to supporting SMEs in this transformation,” said YB Tuan Gobind Singh Deo.

With Phase 3 of e-invoicing implementation now mandatory, businesses must transition to digital invoicing to enhance tax compliance, reduce fraud, and improve financial efficiency.

Advancing SME Digitalisation – A Call to Action

Mr. Chin Chee Seong, National President of SME Malaysia, reinforced the urgency of digital transformation, urging SMEs to proactively integrate AI and e-invoicing into their financial and operational systems.

“SMEs are the backbone of our economy, and their digital transformation is key to Malaysia’s future growth. AI-driven solutions and e-invoicing will not only improve productivity and efficiency but also ensure compliance with evolving tax regulations and financial reporting requirements. Now is the time for SMEs to take action,” said Mr. Chin.

Unlocking Digital Opportunities for SMEs Through AI & E-Invoicing

The adoption of AI and e-invoicing presents SMEs with numerous benefits, including:
· E-Invoicing for Compliance & Efficiency – Automates invoice generation, submission, and tracking, ensuring seamless tax reporting and reduced administrative burden.
· Improved Financial Transparency – Ensures real-time visibility into financial transactions, reducing errors and fraud risks.
· New Business Models & Market Expansion – Digitalisation enables SMEs to leverage e-commerce, subscription-based services, and cross-border trade opportunities.
· Enhanced Customer & Supplier Relationships – Faster, automated invoicing reduces disputes and improves payment cycles, strengthening business relationships.

Expert Discussions on AI & E-Invoicing for SMEs

The event featured engaging discussions on how SMEs can implement AI and e-invoicing seamlessly while taking advantage of new digital opportunities.

1. Panel Discussion: Empowering SMEs Through Digitalisation & E-Invoicing

Moderated by Mr. S. Saravana Kumar, Partner at RDS Partnership, this session featured:
· Dr. Rasyidah Che Rosli, Director, E-Invoice Division, LHDN
· Encik Saiful Izwan, Director, National E-Invoicing & Standardisation, MDEC
· Mr. Jason Wong, Managing Director, iMocha Sdn. Bhd.

The panelists provided insights on the transition to mandatory e-invoicing, AI-driven financial solutions, and how SMEs can digitally future-proof their businesses.

2. Fireside Chat: Driving Malaysia’s Economic Growth Through AI & SME Digitalisation

Moderated by Mr. Chin Chee Seong, this discussion featured:
· Mr. Sam Majid, Head of the National AI Office, Ministry of Digital
· Mr. Jamie Tan, Managing Director, JLL Malaysia
· Mr. Ankur Jakhwal, Chief Executive Officer, Boost Connect

Speakers shared strategic insights on AI adoption, digital financial tools, and how SMEs can leverage government support to accelerate digitalisation and e-invoicing implementation.

Commitment to SME Growth, E-Invoicing, and Innovation

The SME Business Talk Series is a significant initiative in SME Malaysia’s mission to empower businesses with the knowledge, tools, and resources needed to thrive in an increasingly digital world.

“This event marks a critical step in guiding SMEs toward a future where AI, e-invoicing, and digital finance are the driving forces of success. SME Malaysia remains committed to advocating for policies, resources, and initiatives that will support SMEs in their journey towards digital transformation,” said Mr. Desmond Anil A/L Raymond Norbert, National Council Member of SME Malaysia and Organising Chairman of the event.

The success of the event underscores the need for continued collaboration, training, and engagement to ensure SMEs maximize the benefits of AI and e-invoicing while seizing new digital business opportunities.

About the SME Association of Malaysia
The SME Association of Malaysia (SME Malaysia) is the largest SME-focused organization in the country, established in 1995. SME Malaysia serves as a platform for advocacy, capacity-building, and business networking, helping SMEs grow through policy engagement, industry collaborations, and knowledge-sharing initiatives.

SOURCE: SME Association of Malaysia

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Ms. Eunice Leong
Tel: +603-8024 5737 / +6016-232 4135
Email: info@smemalaysia.org

--BERNAMA

SYNCHRONOSS TO DISCUSS Q4, FULL YEAR 2024 FINANCIAL RESULTS ON CONFERENCE CALL

KUALA LUMPUR, Feb 26 (Bernama) -- Synchronoss Technologies Inc (Synchronoss) announced it will hold a conference call on March 11 to discuss its financial results for the fourth quarter (Q4) and full year ended Dec 31, 2024.

In a statement, Synchronoss said the financial results will be issued in a press release prior to the call.

During the call, Synchronoss management will host the presentation, followed by a question-and-answer session.

The conference call will be broadcast live via the Investor Relations section of Synchronoss’ website.

A global leader and innovator in personal cloud platforms, Synchronoss empowers service providers to establish secure and meaningful connections with their subscribers.

-- BERNAMA

CGC FUELS BUSINESS EXPANSION THROUGH NEWLY LAUNCHED GUARANTEE SCHEMES FOR MID-TIER COMPANIES

(L-R) Credit Guarantee Corporation Malaysia Berhad (CGC Malaysia) Azman Idrus Head Strategic Management, National President Small and Medium Enterprises Association Malaysia (SAMENTA) YBhg. Datuk William Ng, CGC Malaysia President & Chief Executive Officer Datuk Mohd Zamree Mohd Ishak, Council Member of Malaysian Consortium of Mid-Tier Companies (MTC) Ms. Faith Toh and CGC Malaysia Chief Business Officer Sean Tan at the Launch of Guarantee Schemes BizJamin-i and BizJamin MTC.

KUALA LUMPUR, Feb 26 (Bernama) -- Credit Guarantee Corporation Malaysia Berhad (CGC) yesterday marked a significant milestone in Malaysia’s financial landscape with the official launch of two new guarantee schemes aimed to assist Mid-Tier Companies (MTC) – BizJamin-i MTC and BizJamin MTC.

The guarantee schemes are designed to enhance capital accessibility for MTCs as they can now access financing guarantees of up to RM60 million accumulative per group, with a guarantee tenure of up to 15 years via Participating Financial Institutions (PFIs). Covering a broad spectrum of financing options, including Term Financing, Cash Line Facilities, and Trade Facilities, this initiative aims to address long-standing financing challenges faced by MTCs that often hinder business expansion.

The launch event, held at the InterContinental Kuala Lumpur, was officiated by Datuk Mohd Zamree Mohd Ishak, President and Chief Executive Officer of CGC, alongside distinguished industry leaders, financial partners, and stakeholders.

MTCs play an outsized role in Malaysia’s economic framework. Speaking at the launch, Datuk Mohd Zamree Mohd Ishak stated, “For over five decades, CGC has supported financial inclusion, ensuring Malaysian MSMEs are not constrained by a lack of capital or collateral. Given CGC’s strong capital position and track record, we are extending that commitment to Malaysian MTCs with our tailored credit guarantee solutions – BizJamin-i MTC and BizJamin MTC, to help MTCs scale and innovate. These schemes are strategic solutions for sustainable growth and transformation.”

CGC is extending its support to MTCs through a suite of enhanced guarantee offerings:

i. Higher Guarantee Support – Up to 80% coverage or RM20 million (unsecured portion) of the financing from PFIs.
ii. Competitive Base Guarantee Fees – Ranging from 0.50% to 1.50% per annum.
iii. Inclusive Access – Open to all eligible MTCs across industries.

This expanded support structure aims to empower MTCs with greater financial confidence, enabling them to scale operations, increase resilience, and compete more effectively on both local and international fronts.

During the launch, Datuk Mohd Zamree Mohd Ishak extended his gratitude to the PFIs and regulatory partners for their unwavering commitment to realising this initiative. He also took the opportunity to congratulate the 11 winners of CGC’s PG Sales Challenge Award and the Top Sales Guarantee Achiever Award, recognising their exceptional performance and contributions to the industry.

As Malaysia advances in enhancing its business financing ecosystem, CGC remains dedicated to expanding financial accessibility, empowering unserved and underserved businesses, and strengthening the nation’s position as a leading regional economic force.

About CGC

Credit Guarantee Corporation Malaysia Berhad (CGC) was established on 5 July 1972. It is 78.65% owned by Bank Negara Malaysia and 21.35% by the commercial banks in Malaysia. CGC aims to assist Small, and Medium- Sized Enterprises (SMEs) with inadequate or without collateral and track records to obtain credit facilities from financial institutions by providing guarantee cover on such facilities. As of January 2025, CGC has availed over 539,274 guarantees and financing to MSMEs valued at over RM99.57 billion since its establishment.

On 9 February 2018, CGC introduced imSME, Malaysia’s first SME online financing/loan referral platform. The imSME serves as an alternative channel for MSMEs to source for financing products, saving them both the time and the hassle of going through time-consuming processes. From the time of its inception to the end of January 2024, the imSME portal had received more than 2.810 million visits, with more than 84,892 registered MSMEs under the portal. For more information, please visit www.cgc.com.my and https://imsme.com.my/.For more information, please visit www.cgc.com.my and https://imsme.com.my/.

SOURCE: Credit Guarantee Corporation Malaysia Berhad (CGC)

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Azman Idrus
Head of Strategic Management
Email: ccsr@cgc.com.my.

Name: Nazlin Amirudin
Head of Section, PR & Media, Social & Digital Media, and CSR
Email: ccsr@cgc.com.my.

--BERNAMA

MAVENIR, AIRA TECHNOLOGIES PARTNER TO ENHANCE 5G SPECTRAL EFFICIENCY AND THROUGHPUT

KUALA LUMPUR, Feb 26 (Bernama) -- Mavenir and Aira Technologies, a pioneer in artificial intelligence (AI)-driven network automation, have successfully demonstrated a high-fidelity MIMO channel estimation and prediction solution.

This breakthrough integration leverages Mavenir’s Open RAN-based O-DU to boost network capacity, enabling up to 35 per cent more data transmission over the same spectrum based on Aira’s simulation data.

According to Mavenir in a statement, this yields faster speeds and a better 5G experience for more users simultaneously, potentially setting a new benchmark for Multi-User MIMO (MU-MIMO) performance.

Mavenir Senior Vice President and General Manager of RAN, Sachin Karkala emphasised that the collaboration shows how Open RAN accelerates innovation by integrating third-party solutions quickly, delivering enhanced performance in ongoing outdoor trials.

Meanwhile, Aira Technologies Chief Technology Officer and Co-Founder, RaviKiran Gopalan highlighted that this is an industry-first application of machine learning to wireless baseband processing.

“Together with Mavenir, we are demonstrating three pivotal advances: the power of the Open RAN ecosystem to accelerate innovation, the untapped potential of ML in next-generation wireless applications, and the transformative capability of AI to redefine the RAN,” he said.

By leveraging advanced proprietary machine learning algorithms, Aira's AI-based spectrum efficiency solution enhances spectral efficiency, boosts throughput, and significantly reduces mobile network operators’ total cost of ownership.

The solution seamlessly integrates with Mavenir’s commercial O-DU, utilising existing baseband processing hardware without requiring additional AI-specific hardware such as graphics processing units (GPUs) or accelerators, enabling operators to achieve enhanced performance with minimal operational complexity and cost.

The Open RAN framework from Mavenir enabled smooth integration of Aira's AI software, meeting the baseband processing timing demands. Aira’s Insight Engine leverages AI to deliver more accurate estimations of key metrics like signal-to-noise ratio (SNR), user mobility, and RF environment, which feed into the AI-powered channel prediction model. This results in better MU-MIMO efficiency and network throughput.

This groundbreaking technology will be showcased at Mobile World Congress 2025, where attendees can experience how Mavenir’s and Aira’s collaboration sets a new benchmark for 5G network efficiency and performance.

-- BERNAMA

iHerb Hits US$2.4 Bln In 2024 Sales, Boosting Global Growth

KUALA LUMPUR, Feb 25 (Bernama) -- iHerb, one of the world's leading online retailers for health and wellness products, celebrated a groundbreaking 2024, with net sales surpassing US$2.4 billion, marking a historic peak for the company. (US$1=RM4.40)

The growth was propelled by robust customer demand and a commitment to exceptional service, as the e-commerce retailer fulfiled 37 million orders across 180 countries, reinforcing its position as a trusted global leader in the health and wellness industry.

Its chief executive officer, Emun Zabihi, praised the company’s resilience amid global challenges, emphasising the trust built with customers through quality products and seamless service.

“As we look ahead, we remain committed to our mission of making health and wellness accessible to all,” he said in a statement.

iHerb achieved a 14.5 per cent year-over-year increase in net sales, topping US$2.4 billion. The company's Anniversary Sale in September 2024 set new records in various metrics, generating around US$250 million in sales and contributing to iHerb's robust international presence.

Active customers grew by 20 per cent to 12.4 million, with repeat customers responsible for 73 per cent of orders. High customer loyalty was reflected in a 90 per cent satisfaction rate and an impressive 85.6 per cent Net Promoter Score (NPS).

In addition, iHerb sourced nearly 250 new brands in 2024, including major names like Olaplex and Superfoods. The company’s product catalogue now includes over 50,000 items, spanning health, wellness, beauty, and nutrition solutions.

Investments in culturally diverse products, the customer platform, now available in 22 languages, helped iHerb broaden its reach with a presence in 25 global marketplaces such as JD and Rakuten.

With seven logistics centres in the United States and abroad, iHerb maintained fast shipping times, with nearly half of its orders arriving in under three days. New shipping methods and free delivery in 80 countries have further strengthened its logistics capabilities.

Building on the momentum of 2024, iHerb plans to strengthen its market position by expanding product lines, enhancing customer relationships, and driving innovation to meet evolving consumer needs. The company is opening two additional fulfilment facilities strategically in Dallas, Texas, and Riyadh, Saudi Arabia, to speed up delivery times and support its growing customer base.

To drive growth, the company plans to focus on three strategic pillars, namely invest in targeted digital campaigns to attract health-conscious consumers; enhance product selection; and achieve sustainable growth through operational excellence.

iHerb is poised for continued success as it builds on its strengths, delivering accessible health and wellness solutions for millions of customers worldwide.

-- BERNAMA

TELEDYNE E2V INTRODUCES HIGH-SPEED SENSOR WITH ENHANCED NIR SENSITIVITY

KUALA LUMPUR, Feb 25 (Bernama) -- Teledyne e2v, a Teledyne Technologies company and global innovator of imaging solutions, has introduced Lince5M NIR, a state-of-the-art high-speed CMOS image sensor designed for a wide range of commercial, industrial, and medical applications.

Teledyne e2v Marketing Manager, François Trolez highlighted that the Lince5M NIR was designed to provide excellent high-speed imaging beyond the visible spectrum, with strong performance in the near-infrared range.

“Camera manufacturers currently using our Lince5M will find it easy to switch to Lince5M NIR, as both products share the same mechanical and electrical interfaces. This new product will enhance our ability to address new markets and applications,” he said in a statement.

Leveraging Teledyne e2v’s advanced imaging technologies, this new sensor delivers enhanced performance in both visible and near-infrared (NIR) wavelengths, offering improved functionality in low-light conditions.

The Lince5M NIR features a monochrome 5.2-megapixel resolution (2,560 x 2,048), building on the success of the original Lince5M. It supports high-speed performance, capturing 250 frames per second at full resolution with a 12-bit ADC.

The sensor boasts an impressive quantum efficiency of 35 per cent at 850 nanometres (nm) and is optimised for demanding applications such as motion capture, sports analytics, industrial metrology, retinal imaging, and intelligent traffic monitoring.

It offers superior image quality even in challenging lighting conditions, with a dynamic range of 55 decibels (dB) in standard mode and over 100 dB in High Dynamic Range mode, perfect for high-contrast scenes.

The sensor is housed in a durable 28 x 28 millimetres (mm) 181 Pin-Grid Array (PGA) ceramic package, featuring a one-inch optical format compatible with a variety of C-mount lenses for cost-effective camera integration. With an operating temperature range from -40 degrees Celsius (°C) to 125°C, it is suitable for both indoor and outdoor applications.

The Lince5M NIR will be showcased during Vision China, Shanghai, China, from March 26 to 28. Documentation, samples, and kits for evaluation or development are available upon request.

-- BERNAMA

MAVENIR, TERRESTAR COMPLETE INDUSTRY-FIRST SATELLITE VOICE OVER NB-IOT CALL IN NTN MODE

KUALA LUMPUR, Feb 25 (Bernama) -- Mavenir, the cloud-native network infrastructure provider, and Terrestar Solutions Inc, Canada’s premier mobile satellite operator, have achieved a groundbreaking milestone by successfully completing an industry-first Voice over Narrowband Internet of Things (NB-IoT) call in Non-Terrestrial Networks (NTN) mode.

The achievement was conducted over a 3GPP-standardised NTN S-band spectrum, avoiding interference common in terrestrial networks. Designed to work with GEO satellite delays as well, the network ensures consistent coverage despite higher latency, enabling GEO operators to monetise NTN services immediately.

Mavenir Senior Vice President and General Manager, RAN Business Unit, Sachin Karkala said satellite services enhance terrestrial networks by extending coverage, especially in remote areas.

“This development allows satellite operators to launch voice services immediately using available spectrum, existing GEO satellites and industry-standard user equipment with a simple software upgrade to deliver voice services countrywide,” he said in a statement.

Meanwhile, Terrestar Solutions President, Jacques Leduc said Terrestar Solutions embodies innovation and leadership as the first MSS player to offer a real-time voice service based on a fully compliant 3GPP non-terrestrial network.

He added that its dedicated S-band spectrum and open network architecture allow the company to leverage the 3GPP ecosystem to create this breakthrough, accelerating satellite mobile connectivity and ensuring security and autonomy for users.

This industry-first call took place in January 2025, using the standard codec, Sony’s Altair ALT1250 module, Mavenir Open RAN (Open vRAN and Open Beam radio), and Mavenir Converged Packet Core was conducted in collaboration with Terrestar.

The successful Voice over NB-IoT (VoNB) call highlights Mavenir’s and Terrestar’s industry leadership in delivering innovative solutions that bridge the connectivity gap in challenging and remote environments.

By leveraging 3GPP standards-based NTN technology, the collaboration is driving the integration of satellite and terrestrial networks to bring seamless connectivity to underserved regions, supporting IoT use cases and extending the scope of reliable communication.

This achievement paves the way for broader adoption of NTN-based NB-IoT solutions and further integration of voice services into IoT ecosystems as the standards progress. It also reinforces Mavenir’s role as a pioneer in delivering technologies that empower industries and communities worldwide.

-- BERNAMA

TRAVELOKA MARKS OVER A DECADE OF INNOVATION WITH EXCLUSIVE BIRTHDAY SALE FOR MILLIONS WORLDWIDE

Traveloka celebrates 13 years of transforming travel

Celebrating 13 years of transforming travel, Traveloka’s Birthday Sale offers up to 50% off, making 2025 journeys more seamless and rewarding.

KUALA LUMPUR, Malaysia, Feb 24 (Bernama) -- In 2025, Traveloka marks a significant milestone, celebrating 13 years of growth and innovation. With a vision to revolutionize travel, Traveloka began its journey in Indonesia in 2012 and has since evolved into a one-stop travel platform, serving travelers across Australia, Indonesia, Japan, Malaysia, the Philippines, Singapore, Thailand, and Vietnam to experience the region and the world.

As part of its birthday celebrations, Traveloka is launching Birthday Sale, offering exclusive discounts, special coupons, and flash sales across Indonesia, Singapore, Malaysia, Thailand, and Vietnam. Running from February 24 to March 4, 2025, Traveloka is inviting travelers to plan their 2025 adventures with greater ease, value, and flexibility.

Reflecting on the journey of the company, acknowledging how far the company has come, Caesar Indra, President of Traveloka said, “For over a decade, Traveloka has redefined travel—not just in Southeast Asia, but across key global markets, combining deep market expertise, strong industry partnerships, and a commitment to advancing tourism. With over 40 million active users and operations in 8 countries, we have grown into a global travel platform, evolving with our travelers to offer innovative, tailored experiences. The Traveloka Birthday Sale is a celebration of this journey—our way of giving back to customers and reaffirming our commitment to delivering seamless and rewarding travel worldwide."

Unlock Exclusive Travel Deals and Make Every Journey More Rewarding with Traveloka.”

As a token of appreciation for its valued customers, Traveloka is offering a series of exclusive deals to help travelers maximize their 2025 travel plans. In collaboration with thousands of partners—including airlines, hotels, attractions, and more—Traveloka is offering special promotions that provide exceptional value:

· Stand a chance to win a Business Class ticket to ANYWHERE!
· Enjoy up to 50% off on flights, hotels, and travel activities, making dream destinations more affordable than ever.
· Everyday Flash Sales available twice a day from 10am to 12 noon and again from 10pm to 12 midnight.

With a diverse portfolio of over 20 products, spanning transportation, accommodations, and attractions, Traveloka empowers users to curate personalized travel experiences. Now enhanced by Traveloka 5.0, powered by AI, the platform offers a more intuitive interface, innovative features, and expanded offerings. Cruise and Tour Packages are now available, streamlining trip planning from transport to attractions. With AI-driven search for endless travel inspiration and an upgraded Traveloka Points system for greater rewards, Traveloka 5.0 delivers a more seamless and personalized experience for every traveler.

Transforming Travel With Our Partners

Beyond its mission of helping millions of customers explore new destinations, Traveloka is also dedicated to supporting the growth of tourism businesses and local communities. In partnership with the Global Sustainable Tourism Council (GSTC), Traveloka has provided sustainability training to over 150 hotels across Southeast Asia, including Malaysia. In 2024, Traveloka became GSTC’s first-ever platinum sponsor, further demonstrating our unique position to promote best practices in sustainable tourism and standards in the travel industry. Additionally, through the Traveloka Goodwill - Digital Literacy program, more than 96,000 Micro, Small, and Medium Enterprises (MSMEs), business owners, and students in the hospitality and tourism industry in Southeast Asia have gained essential digital skills and knowledge enabling them to adapt to an increasingly digitalized market.

Looking Ahead: Empowering Partners and Strengthening the Travel Ecosystem

Throughout these years, Traveloka has established strong partnerships with over 300 airlines, 2.2 million accommodation providers, and more than 90,000 travel activity partners across 100+ countries, delivering comprehensive and seamless travel solutions to customers worldwide.

As the travel landscape continues to evolve, in partnership with YouGov, Traveloka released a study, “Travel Redefined: Understanding and Catering to the Diverse Needs of APAC Travellers” to help partners refine strategies and stay ahead in a dynamic market. Based on insights from 12,000 travelers across nine countries, the study highlights key trends shaping the APAC travel landscape.

In Malaysia, 31% of travelers prioritize leisure trips, with a notable preference for natural destinations such as mountain ranges (59%), surpassing beach and coastal areas (57%) and historical or cultural sites (42%). This highlights the distinct travel motivations shaping Malaysian travelers' decisions. Additionally, 37% of travelers prefer domestic destinations, driven by affordability, convenience, and safety. At the same time, 24% of Malaysian respondents express interest in international travel, a trend comparable to markets like South Korea and Australia, reflecting a balanced mix of local and overseas travel aspirations.

“Traveloka has enabled us to understand evolving travel trends," said Ms Tang Soke Cheng, Head of Hospitality, Wyndham Suites KLCC. "With its insights and extensive customer base, we are able to reach more families seeking immersive and engaging playcations. As part of this growing demand, we offer a 24,500 sqft play space—the largest of its kind in a hotel in Malaysia—providing a vibrant environment where families can bond and create unforgettable memories. Beyond enhancing guest experiences, this collaboration has also played a crucial role in supporting local tourism by creating more hospitality job opportunities. As we celebrate this anniversary, we look forward to deepening our partnership and making an even greater impact on the region's tourism industry.”

About Traveloka
Founded in Indonesia in 2012, Traveloka has operations in Australia, Japan, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. With nearly 140 million app downloads and more than 40 million monthly active users, Traveloka stands as one of the most popular travel apps in the region.

SOURCE: Traveloka

FOR MORE INFORMATION, PLEASE CONTACT:
Traveloka Communications Team
Email: pr@traveloka.com

--BERNAMA

EZVIZ WINS TWO ASIA DESIGN PRIZES FOR SMART HOME INNOVATIONS

KUALA LUMPUR, Feb 24 (Bernama) -- EZVIZ has won two Asia Design Prizes for its innovations aimed at enhancing smart home experience with robust functionality and optimal visual enjoyment for the second consecutive year.

The EZVIZ 90x Dual-Lens Camera Series was awarded as Gold Winner, while the DL05 Smart Fingerprint Lock was also recognised as Winner, according to a statement.

Both products are lauded for their usability and versatility in the modern living environment, elegantly balancing the complex need for home protection with a stylish, minimalist appearance.

“We are honoured that our design philosophy became recognised by the best people in the industry. Our first Gold Winner also reflects our relentless pursuit to build better products.

“We show the world that even complicated technologies can be integrated into a compact product to solve long-standing pain points without overwhelming users,” said its IoT Industrial Design Department Chief Designer, Ada Wang.

EZVIZ, a pioneer in smart home technology, competed against around 2,000 designs from 22 countries. The Asia Design Prize, a prestigious pan-Asian competition, rigorously evaluates product designs based on their creativity, usability, and innovative potential. This year, the panel carefully assessed each entry across multiple dimensions.

A flagship duo to exemplify next-generation “all-in-one” security cameras, the 90x Dual Series stands out with its dual lenses and three motors, offering expansive coverage with features like solar charging, 4G connectivity, artificial intelligence-powered detection, and advanced night vision for continuous outdoor surveillance.

Meanwhile, a star product from EZVIZ’s Smart Entry family, the DL05 is a modern lock that offers a sleek, simple design for secure, keyless access. It provides instant unlocking, is easy to control via an app, and fits most doors, emphasising security and convenience without unnecessary complexity.

-- BERNAMA

BITGET'S LIQUIDITY DEPTH ANALYSIS HIGHLIGHTS COMPETITIVE EDGE IN CRYPTO TRADING

VICTORIA, Seychelles, Feb 21 (Bernama-GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, has collaborated with CryptoRank to conduct an in-depth comparative analysis of liquidity depth among the top five global centralized cryptocurrency exchanges (CEXs): Binance, Bitget, Bybit, MEXC, and OKX. The research offers valuable insights into each platform's ability to handle large market orders with minimal price impact, a critical factor for traders seeking efficient trade execution.

Top key findings of the report highlight Spot and Futures market liquidity. Bitget secured a second position among the top five global exchanges, showing substantial liquidity depth in major trading pairs such as BTC/USDT and ETH/USDT. This positions Bitget as a competitive choice for traders seeking efficient trade execution in high-volume markets.

In the futures market, Bitget ranked fourth with strong liquidity across key pairs, reflecting its growing presence and capability in the derivatives trading sector.

The analysis evaluated liquidity depth at around 2% price range from the mid-market price, a critical metric for assessing an exchange's ability to handle large market orders with minimal slippage. Bitget's performance in this area highlights its dedication to maintaining a liquid and stable trading environment for its users.

The study reveals significant variations in liquidity depth across major centralized crypto exchanges in both spot and futures markets. Binance's dominance in the spot market and MEXC's leadership in the futures market highlight the diverse strengths of these platforms. Bitget's strong performance in both markets aligns with the exchange's market performance, which has made it the fastest-growing CEX in the top 10. These insights assist investors in selecting the most suitable exchange for their trading activities, considering factors such as liquidity depth and market focus.

Recently, Forbes listed Bitget as one of the top most trusted crypto exchanges worldwide. In 2024, Bitget expanded its user base by 400%, from 20M in January to 100M in December. Spot trading surged from $160B in Q1 to $600B in Q4; daily volumes doubled to $20B. The high-paced updates and top performance amongst CEXs has pushed Bitget to the top #3 exchanges in derivatives trading while strengthening its positioning amongst the top #5 on Spot. Keeping the momentum going, Bitget continues to expand its offerings and improve platform features, maintaining high liquidity to support seamless trading for its vast user base.

For more information, please find the Cryptorank report here.

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/ad78461a-18f9-42bb-8720-fab1af7d2f47 

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