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

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

LIAM ELECTS BEN NG AS PRESIDENT AND VIBHA COBURN AS VICE PRESIDENT AT ITS 51ST ANNUAL GENERAL MEETING

LIAM President, Ben Ng

 

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

XSOLLA KICKS OFF JOIN PROGRAM TO EMPOWER LATAM GAME DEVELOPERS

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

 

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

KURA SUSHI OSAKA KANSAI EXPO STORE SET FOR OPENING ON APRIL 13

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

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

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

ALLIANZ LIFE LAUNCHES NEW ILP ALLIANZ ASSUREDLINK WITH MEDICAL RIDER HEALTHASSURED

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

MIMOS AND SENSOREMTEK POWER MALAYSIA’S SEMICONDUCTOR REVOLUTION

(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

BEYOND INSIGHTS SYMPOSIUM 2025 EMPOWERS INVESTORS TO NAVIGATE TRUMPONOMICS, MEGATRENDS, AND MINDSET FOR SUCCESS

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

EAACI CONGRESS 2025 TO ADDRESS ALLERGY, IMMUNOLOGY IN GLASGOW

KUALA LUMPUR, March 19 (Bernama) -- The European Academy of Allergy and Clinical Immunology (EAACI) is set to host the EAACI Congress 2025 from June 13 to 16 in Glasgow, United Kingdom.

Themed “Breaking Boundaries in Allergy, Asthma, and Clinical Immunology: Integrating Planetary Health for a Sustainable Future”, this year’s congress will highlight the critical link between environmental changes and allergic diseases.

Bringing together global leading experts, EAACI Congress 2025 is the premier event for networking and collaboration in allergy and immunology with cutting-edge research presentations, interactive sessions, and invaluable opportunities to connect with peers shaping the future of the field.

According to a statement, the exhibition area will feature cutting-edge products and therapies, fostering interaction between delegates and industry partners through dynamic presentations and engaging activities.

In addition, a special highlight of the event is the Allergy Run 2025, a community event promoting awareness of allergy, asthma, and immunology while encouraging a healthy lifestyle.

Standard registration fees are available until April 18, with tailored rates for EAACI members, non-members, seniors, juniors, students, nurses, and lab technicians, ensuring accessibility for all professionals in the field.

EAACI is the leading professional organisation dedicated to excellence in allergy and immunology.

-- BERNAMA

CHINA’S GCI GAINS MOMENTUM AMID RISING GLOBAL DIVISION

KUALA LUMPUR, March 17 (Bernama) -- China’s Global Civilization Initiative (GCI), proposed by President Xi Jinping two years ago, has gained increasing relevance amid rising global uncertainty, turbulence and division, according to an article by China Global Television Network Corporation (CGTN).

The article highlighted China’s efforts in implementing the initiative, emphasising its commitment to cultural diversity as a key factor in promoting global peace and stability, according to a statement.

GCI, introduced in March 2023, advocates respect for cultural diversity, the promotion of shared human values, the preservation and innovation of civilisations, and stronger international people-to-people exchanges.

State University of Rio de Janeiro Faculty of Economic Sciences, professor Elias Jabbour praised China's inclusive approach to diversity, which contrasts sharply with nations that enforce mass deportations and repatriations. He commended GCI for fostering coexistence among civilisations without imposing one nation’s values on another.

China’s commitment to intercultural dialogue was further recognised when the United Nations (UN) designated June 10 as the International Day for Dialogue among Civilisations, following a resolution proposed by China. Chinese envoy to the UN, Fu Cong, said the initiative aimed to refocus global attention on cultural understanding amid rising intolerance, extremism, and populism.

A CGTN survey of 15,574 people across 40 countries in March 2023 found that 80.3 per cent saw multiple civilisations as beneficial to global development, while 89.6 per cent called for greater dialogue and openness.

China has also promoted cultural exchange through international forums such as the World Conference of Classics, the Nishan Forum on World Civilisations, and the International Chinese Language Conference.

In cultural preservation, the Beijing Central Axis was listed as a United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage Site in 2024, while the Chinese Spring Festival was added to UNESCO’s Representative List of Intangible Cultural Heritage.

China has also strengthened people-to-people exchanges, with student delegations from the United States visiting China under a pledge by Xi to invite 50,000 students over five years.

The country has expanded its visa-free entry policy to 29 countries, including France, Germany, and Italy, to facilitate cultural and tourism exchanges.

-- BERNAMA

Gradiant Secures Semiconductor Water Treatment Project In Germany

 

Gradiant, a global leader in advanced water and wastewater treatment, announced a major contract to design and build an ultrapure water (UPW) facility for one of the world’s largest semiconductor manufacturers in Dresden, Germany. (Graphic: Business Wire) 

KUALA LUMPUR, March 12 (Bernama) -- Gradiant, an advanced water and wastewater treatment leader, has secured a major contract to design and build an ultrapure water (UPW) facility for one of the world’s largest semiconductor manufacturers in Dresden, Germany.

This marks Gradiant’s second major semiconductor water treatment project in the city, reinforcing its position as the partner of choice for mission-critical water infrastructure in the world’s most advanced industries.

The project will be led by Gradiant’s Germany-based team, supported by its global process and project delivery experts in the United States, Taiwan, and Singapore.

According to Gradiant in a statement, the new semiconductor manufacturing plant serves a key role in strengthening Europe’s semiconductor supply chain to meet the region’s growing demand for advanced chips.

The company also announced the full integration of H+E into the Gradiant brand, which unites H+E’s century-long legacy in ultrapure and industrial water treatment with Gradiant’s advanced technology portfolio.

“By uniting under one identity, we create greater potential to serve our customers with an unmatched portfolio of advanced technologies, end-to-end water solutions, and global expertise,” said Gradiant Chief Operating Officer, Prakash Govindan.

The transition will be fully completed by April 1, with all H+E operations and communications aligning under the Gradiant identity, in which clients will continue to receive the same high-quality service from their trusted teams.

This milestone underscores Gradiant’s leadership in delivering mission-critical infrastructure for the most advanced industries at a global scale and demonstrates its ability to create exponential value through strategic acquisitions.

-- BERNAMA

AT&S AND IFC SIGN SUSTAINABILITY-LINKED LOAN AGREEMENT TO FINANCE INTEGRATED CIRCUIT SUBSTRATE PLANT IN MALAYSIA

Front row - of the two personnel who shook hands – from left to right:

AT&S AG CFO, Petra Preining

International Finance Corporation (IFC), Regional Industry Director, Manufacturing, Agribusiness and Services, Asia and the Pacific, Carsten Mueller

The International Finance Corporation— a member of the World Bank Group —confirmed a 250 million US-dollar loan for AT&S to further develop the AT&S plant in Kulim, Malaysia.

LEOBEN, March 13 (Bernama) -- Today, the International Finance Corporation (IFC), a member of the World Bank Group and the largest global development institution focused on the private sector in emerging markets, and AT&S have signed a sustainability-linked loan agreement for 250 million US dollars at the AT&S headquarters in Leoben-Hinterberg. The loan supports investment in a modern integrated circuit (IC) substrate plant in Kulim, Malaysia. The 250 million US-dollar loan will come directly from IFC; an additional up to 150 million US dollars could be provided by local banks under the same agreement.

The sustainability-linked loan features financial incentives tied to AT&S lowering its annual greenhouse-gas emissions by 31 percent by the year ending March 31, 2028, compared to the baseline for fiscal year 2022.

“We are delighted to have the support of IFC as partner in our growth,” says CFO Petra Preining. “Despite a challenging market environment, we are continuing to expand our plant in Kulim; for AMD’s data center processors AT&S Malaysia will start delivering high-end integrated circuit substrates soon.”

“We’re excited to partner with AT&S on this financing, which ranks as one of the first sustainability-linked loans in Malaysia’s electrical and electronics products industry,” said Carsten Mueller, Regional Industry Director, Manufacturing, Agribusiness and Services, Asia and the Pacific at IFC. “Our investment will help to advance Malaysia’s semiconductor manufacturing ecosystem, while supporting the country in achieving its sustainability goals.”

The loan will support AT&S to further develop the new AT&S plants in Kulim, Malaysia to produce advanced IC substrates that are an integral part of processors for high-performance computing, data centers and AI infrastructure. The facilities in Kulim were built to the highest quality and sustainability standards, with state-of-the-art machinery, recycling systems and a sustainable energy concept.

IFC
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2024, IFC committed a record $56 billion to private companies and financial institutions in developing countries, leveraging private sector solutions and mobilizing private capital to create a world free of poverty on a livable planet. For more information, visit www.ifc.org.

AT&S Austria Technologie & Systemtechnik Aktiengesellschaft – Advanced Technologies & Solutions
AT&S is a leading global manufacturer of high-end IC substrates and printed circuit boards. AT&S industrializes leading-edge technologies for its core business segments Mobile Devices & Substrates, Automotive & Aerospace, Industrial and Medical and high-performance computing for VR and AI applications. AT&S has a global presence with production sites in Austria (Leoben, Fehring) as well as plants in India (Nanjangud) and China (Shanghai, Chongqing). A new high-end production site for IC substrates is currently being established in Malaysia (Kulim). In Leoben, a European competence center including series production for IC substrate technologies is being built. Both sites will start production in the financial year 2024/25. The company currently employs 13,000 people. For further information please visit www.ats.net

SOURCE: AT&S Austria Tecnologie & Systemtechnik (Malaysia) Sdn Bhd

FOR MORE INFORMATION, PLEASE CONTACT:
Media contacts:
Name: Gerald Reischl
Vice President Corporate Communications
Tel: +43 3842 200 4252 I Mobile: +43 664 8859 2452
Email: g.reischl@ats.net
AT&S Austria Technologie & Systemtechnik Aktiengesellschaft
Fabriksgasse 13, 8700 Leoben / Österreich
www.ats.net

Name: Alec Macfarlane
Communications Officer
Tel: +1 202 203 8324
International Finance Corporation, World Bank Group
Level 3, Sasana Kijang, No. 2, Jalan Dato' Onn, Kuala Lumpur, Malaysia 50480
www.ifc.org

Investor Relations contact:
Name: Philipp Gebhardt
Vice President Investor Relations
Tel: +43 3842 200 2274 I Mobile: +43 664 7800 2274
Email: p.gebhardt@ats.net

AT&S Austria Technologie & Systemtechnik Aktiengesellschaft
Fabriksgasse 13
8700 Leoben / Österreich
www.ats.net

--BERNAMA

XSOLLA REPORT REVEALS KEY TRENDS, OPPORTUNITIES IN GAMING INDUSTRY

 

Graphic: Xsolla

KUALA LUMPUR, March 13 (Bernama) -- Xsolla, a video game commerce company, has released the first quarter (Q1) 2025 Edition of “The Xsolla Report: The State of Play” with key topics including the global gaming market, mobile monetisation trends and player engagement.

In a statement, Xsolla said this detailed report provides crucial insights, trends, and opportunities shaping the gaming landscape, empowering industry professionals to adapt and thrive in today’s rapidly changing market.

The report focuses on the rapid growth of the global gaming market, which is expected to reach US$522.5 billion in 2025 and expand at a 7.25 per cent compound annual growth rate (CAGR), with total revenue hitting US$691.3 billion by 2029. The United States is expected to lead, contributing around US$141 billion, primarily driven by the rise of mobile gaming. (US$1=RM4.41)

The report also reveals evolving player engagement trends, with Gen Z and Gen Alpha at the forefront of a shift toward interactive, socially connected, and player-generated content. Platforms like Twitch and YouTube are fostering deeper community interactions, making gaming more of a social and cultural phenomenon.

Furthermore, technological advancements in artificial intelligence (AI) and cloud gaming are significantly shaping the sector. Cloud gaming, projected to reach US$25.3 billion by 2029, is breaking down accessibility barriers, while AI is revolutionising game development, optimising workflows, and creating personalised player experiences, boosting engagement and retention.

As the gaming sector rapidly evolves, industry leaders such as Activision Blizzard, NVIDIA, and Microsoft are positioning themselves at the forefront of innovation, driving investment and expansion across cloud gaming, AI, and new monetisation models.

The full report outlines the current trends and strategic opportunities in the global gaming market, offering invaluable insights for developers and industry stakeholders.

-- BERNAMA

Xsolla Ecosystem To Streamline Vendor Selection For Game Developers

KUALA LUMPUR, March 12 (Bernama) -- Global video game commerce company, Xsolla has launched the Xsolla Ecosystem, a platform designed to build a connected network of trusted partners and vendors for game developers.

According to a statement, the Ecosystem Marketplace, accessible via the Publisher Account, offers a curated selection of vendors with pre-established integrations and exclusive rates.

The platform simplifies vendor selection, fosters collaboration, and enables developers to make informed business decisions while reducing development resources and operational costs.

“With the Xsolla Ecosystem, we are deepening our commitment to the gaming industry by creating meaningful connections and bringing opportunities together for developers and trusted vendors.

“This platform simplifies the vendor selection process, accelerates game development, and ultimately contributes to successfully bringing more games to market,” said Xsolla Chief Strategy Officer, Chris Hewish.

Unlike the complexities of sourcing credible vendors, Xsolla Ecosystem provides developers with a pre-validated marketplace, minimising risks such as delays, subpar service quality, and increased costs.

The platform features pre-validated vendors, including AppsFlyer, G-Core, Game Analytics, and Adikteev, all integrated with Xsolla’s core solutions such as Web Shop, Login, and Launcher.

It also offers exclusive discounts, simplified integration, and a scalable network of vendors.

Currently available in English, the Xsolla Ecosystem will expand to additional languages in future updates. Developers can access the platform through the Xsolla Publisher Account without requiring extensive setup or technical expertise.

-- BERNAMA

MELTWATER, NICE TEAM UP TO REVOLUTIONISE CUSTOMER SERVICE VIA AI-DRIVEN SOCIAL MEDIA

KUALA LUMPUR, March 13 (Bernama) -- Meltwater, a global leader in media, social, and consumer intelligence, has partnered with NICE, an artificial intelligence (AI)-powered customer service platform, to introduce Meltwater’s insights to the Contact Centre as a Service (CCaaS) market for the first time.

In a statement, Meltwater said this collaboration will enable enterprises to engage with customers in real time via social media, enhancing customer interactions, streamlining operations, and making data-driven decisions to improve customer satisfaction.

Meltwater Senior Vice President of Global Alliances and Partnerships, Doug Balut highlighted the significance of this partnership in entering the CCaaS market, emphasising that real-time social data will help brands respond faster and enhance the customer experience.

Meanwhile, NICE President, CX Division, Barry Cooper noted that this integration allows businesses to convert social interactions into valuable customer engagements, further enhancing their service efficiency and impact.

NICE, known for its AI-powered customer service software, supports enterprise organisations worldwide through its CXone Mpower platform. With this integration, NICE customers can leverage social media as a customer care channel, addressing a longstanding challenge faced by many contact centres in analysing social media interactions effectively.

The integration leverages Meltwater’s AI-powered technology, processing over three billion social engagements daily, and turns this data into actionable insights. This enables customer service teams to address issues in real time, reach broader audiences, meet service-level goals, and enhance customer experiences.

The key benefits include Meltwater’s world-class listening and filtering capabilities, advanced keyword filtering to analyse sentiment and engagement, a unified task queue to streamline interactions, and the ability to respond instantly on social media platforms.

-- BERNAMA

FALCON EXPANDS FLEET WITH EMBRAER, BOMBARDIER PRIVATE JETS

KUALA LUMPUR, March 11 (Bernama) -- Falcon, a premier aviation service provider, has unveiled the addition of two new private jets, the Embraer Legacy 650 and Bombardier Challenger 850, to its growing fleet.

This move is part of Falcon’s ongoing investment in its fleet, aiming to enhance the customer experience with modern, high-end cabin products.

Falcon's parent company, Alex Group Investments Founder & Chairman, Sultan Rashit Abdulla Rashit Al Shene stated that the addition reflects a commitment to providing premium aviation services with cutting-edge interiors and flexible options.

“The addition of more aircraft fitted with the newest generation seats, updated cabin finishings and a contemporary colour palette also marks a significant step in ensuring more customers can consistently experience our premium private aviation products across a more modern and flexible fleet.

"We are topping up our multi-million dollar investment in the Falcon private jet fleet with the aim to introduce cutting-edge cabin products on more of our aircraft, demonstrating a clear commitment to elevating the customer experience with a best-in-class suite of products across every aircraft type," he said in a statement.

The Embraer Legacy 650 is the workhorse of executive aviation, offering comfort for 14 passengers spread across three cabin zones and travelling for up to 7,200 kilometres (km).

Meanwhile, the Bombardier Challenger 850 is the largest super-midsize business jet built for maximum comfort and speed, featuring superior cabin space for 14 passengers, travelling up to 5,200 km in comfort and speed.

Destined to become the leading private jet operator in the Middle East, Falcon aims to have a fleet of more than 50 modern private jets by late 2026.

-- BERNAMA

CURIA REFINANCES SENIOR CREDIT FACILITIES TO DRIVE ONGOING GROWTH

KUALA LUMPUR, March 11 (Bernama) -- Curia Global Inc (Curia), a contract research, development, and manufacturing organisation, has refinanced its senior secured credit facilities to strengthen its financial position and support future growth.

The refinancing provides the company with additional capital and extends the maturity of its credit facilities, enabling it to capitalise on opportunities in drug development and manufacturing while advancing its mission of bringing life-changing therapies to market.

Curia Chief Executive Officer, Philip Macnabb in a statement said the refinancing demonstrates the confidence its lenders and investors have in the company.

"The new credit facility will enable us to continue investing in key growth projects that enhance our differentiated capabilities and deliver greater value for our customers," he said.

Curia's recent growth initiatives include a major investment in its Rensselaer, New York facility to expand capacity for producing complex active pharmaceutical ingredients.

Additionally, the company has invested in advanced sterile fill-finish technology at its Albuquerque, New Mexico site, with plans to expand these capabilities in Glasgow, United Kingdom, to more than double the current good manufacturing practice (GMP) batch size.

Curia has over 30 years of experience, with an integrated network of more than 20 global sites and over 3,100 employees partnering with biopharmaceutical customers to bring life-changing therapies to market.

-- BERNAMA

XSOLLA EXPANDS PAYMENT OPTIONS WITH 11 METHODS IN MENA REGION

(Graphic: Xsolla)

KUALA LUMPUR, March 11 (Bernama) -- Global video game commerce company, Xsolla has introduced 11 new local payment methods in the Middle East and North Africa (MENA) region.

These payment methods include Fawry Cash, Aman, Masary, Momken, Vodafone Wallet, Orange Cash Wallet, and Mobile & Banking Wallets in Egypt; Sadad in Saudi Arabia; eFAWATEERcom in Jordan; and STC Direct Carrier Billing (DCB) in Bahrain.

These strategic additions reflect Xsolla’s commitment to providing game developers and publishers with the tools to navigate and thrive in this rapidly growing and uniquely challenging market – in any geography worldwide.

In a statement, its Chief Strategy Officer, Chris Hewish emphasised the strategic importance of the MENA region, noting the growing adoption of digital wallets and mobile payments.

The MENA region, home to over 380 million gamers, is experiencing rapid growth, with an 8.9 per cent annual growth rate forecast for 2024, according to Newzoo.

However, international gaming companies have struggled to address payment challenges like limited local options and low trust in non-regional methods. Xsolla’s introduction of widely used payment methods aims to overcome these hurdles and improve payment accessibility.

To address these challenges, Xsolla is introducing trusted and widely used payment methods tailored to the needs of MENA gamers, such as adding 11 local payment solutions. The company ensures seamless, secure transactions for MENA gamers, enabling developers to tap into this fast-growing market.

The company also emphasises a mobile-first approach, with mobile games accounting for more than half of the region’s gaming revenue in 2024. This move allows developers to tap into a fast-growing player base, expanding transaction opportunities.

The company's expansion in MENA supports over 1,000 payment methods globally, reinforcing Xsolla’s ongoing mission to innovate game commerce and address the complexities of regional payment systems.

-- BERNAMA

STRENGTHENING CUSTOMER TRUST THROUGH CERTIFICATION

 

FGV and MPOB's recent collaboration aims to empower smallholders by providing technical support and assistance in meeting sustainability standards such as MSPO.

KUALA LUMPUR, March 10 (Bernama) -- FGV Holdings Berhad (FGV), a leading food and agri-product company, has taken a significant stride in its commitment to sustainability by pioneering the adoption of the Malaysian Sustainable Palm Oil (MSPO) certification label on its SAJI cooking oil products. This collaboration highlights FGV’s commitment to sustainable palm oil production while opening new market opportunities, particularly among consumers who prioritise sustainable and ethically produced products.

The MSPO certification is a national scheme for palm products in Malaysia that ensures compliance with rigorous sustainability principles set by the government and aligned with international standards. These standards cover environmental protection, human rights, good governance, and wildlife conservation. This certification mandates that oil palm plantations, smallholders, and palm oil mills adhere to specific sustainability standards relevant to their applicant category.

FGV has implemented robust measures to meet MSPO standards, including sustainable land management practices, community engagement programmes, and wildlife protection initiatives. Since 2015, FGV has been committed to the Sun Bear Conservation Programme, which has since expanded to include elephants, pangolins, and gibbons. To date, FGV has rescued 94 sun bears, with 72 successfully rehabilitated and released, and has rewilded 20 gibbons. The pangolin conservation programme, focusing on captive breeding, has resulted in 18 successful births of baby pangolins.

In August 2024, FGV announced its support for the tiger conservation initiative at the 2nd Tiger Summit in Pahang. The initiative includes critical measures such as tiger breeding and rewilding aimed at preserving and restoring the tiger population in Malaysia.

To date, all of FGV’s oil palm plantations, mills, and downstream facilities are 100% MSPO-certified. Traceability is a vital element in fulfilling FGV’s commitment to sustainable palm oil production. FGV has developed the FGV Traceability of Product (FGV TOP) system to provide details about FGV’s palm oil supply chain. The system enables FGV to monitor the provenance of supplied raw materials, ensuring that every link in the supply chain adheres to sustainability standards and ethical business conduct. FGV’s traceability to mills (TTM) has been at 100% since 2019 for all its midstream and downstream facilities. As of 2023, FGV’s traceability to plantations (TTP) is at 100% for tier 1 and tier 2 suppliers.

FGV’s sustainability efforts extend beyond certification and include comprehensive support for smallholders and FELDA settlers. Through consultation and capacity-building programmes, FGV empowers local communities, improves livelihoods, and ensures the long-term viability of palm oil production.

Pioneering the adoption of the MSPO certification label on its SAJI cooking oil products highlights FGV’s commitment to sustainable palm oil production while opening new market opportunities.

In January this year, FGV and the Malaysian Palm Oil Board (MPOB) signed a Memorandum of Collaboration (MoC), marking a significant milestone in the collaboration between the corporate and government sectors to improve the livelihoods of the people. This partnership aims to empower smallholders by providing technical support, guidance on best agricultural practices, and assistance in meeting sustainability standards such as MSPO.

As part of this collaboration, FGV will launch the ‘Kebun Angkat’ initiative, which aims to provide smallholders with tailored technical support and advice on good agricultural practices. Through this initiative, a number of independent smallholders will receive guidance on Good Agricultural Practices (GAP), including the use of high-quality planting materials, soil health assessments for optimal fertiliser application, and more.

These efforts seek to increase both the productivity and quality of fresh fruit bunch yields, enabling better livelihoods and access to premium markets for smallholders. While the initiative underscores the partnership’s commitment to supporting smallholders, its broader impact lies in the opportunities it creates for smallholders to boost productivity, improving their living standards and livelihoods.

Between 2022 and 2024, FGV conducted 22 sessions of the Independent Smallholders (ISH) programme, engaging over 1,000 independent smallholders and dealers across Malaysia. These sessions covered topics such as FGV’s sustainability commitments, the MSPO certification scheme, traceability, the 11 International Labour Organization (ILO) Indicators of Forced Labour, and FGV’s sourcing criteria for fresh fruit bunches (FFB). The ISH programme will continue in 2025, reaffirming FGV’s dedication to supporting smallholders and promoting sustainable practices within the industry.

With a firm commitment to sustainability certifications such as MSPO, FGV is planning to implement a range of future sustainability initiatives. These initiatives aim to further enhance environmental stewardship, climate action, social responsibility, and economic viability, holding the promise of a more sustainable future for the industry.

By integrating rigorous sustainability standards with community empowerment, FGV continues to drive positive change within the industry and contribute to Malaysia’s global reputation as a responsible and ethical palm oil producer.

FGV is also a committed member of the Roundtable on Sustainable Palm Oil (RSPO). To date, 30 of FGV’s mills and its supply bases are RSPO-certified. To learn more about FGV, watch its new corporate video available on its social media platforms — Facebook, Instagram, TikTok, LinkedIn, and YouTube — as well as on its website: www.fgvholdings.com.

SOURCE: FGV

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Noor Syuhada Naziri
Email: syuhada.n@fgvholdings.com

Name: Sallehin Mokhtar
Email: sallehin.m@fgvholdings.com

--BERNAMA

TSI, Telfair Forest Products To Build Sustainable Biomass Torrefaction Facility In Georgia

KUALA LUMPUR, March 7 (Bernama) -- TSI and Telfair Forest Products have announced the construction of a torrefaction facility at Telfair Forest Product’s facility in Lumber City, Georgia, with commissioning and startup early this year.

According to TSI in a statement, the partnership leverages the company’s best-in-class biomass torrefaction technology and Telfair’s operational excellence to promote the growth of the nascent carbonised biomass industry.

TSI chief executive officer, Benny Teal highlighted the facility’s role in overcoming the industry's challenge of obtaining large commercial samples needed for further development of production facilities.

The new facility, with an annual capacity of over 15,000 tonnes, is designed to handle a wide range of temperatures and torrefaction levels.

In addition to promoting new applications for sustainable biomass, the project also enjoys the support of the state government for its contribution to the local community.

Georgia Senator Blake Tillery said TSI will lead the collaboration with Telfair Forest Products to bring 15 new and retained jobs for Lumber City and Telfair County with the development of a small torrefaction unit.

At the facility, a TSI-designed and fabricated Torreactor will be paired with Telfair’s logistics for the torrefaction and densification of biomass to provide commercial demonstration samples for industrial users. The output produced will enable heavy industries to continue striving toward sustainability goals by proving the viability of torrefied biomass as a fossil fuel substitute.

Torrefaction is a process where biomass, such as wood residuals and agricultural waste, is thermally treated in a low-oxygen environment. This enables the material to be used in industries traditionally reliant on fossil fuels.

Meanwhile, the Torreactor will be capable of producing mildly torrefied biomass, useful for applications in heat, power and biofuels industries, to highly carbonised products with applications in steel making and other processes, enabling a greener and more sustainable future.

-- BERNAMA

VESON NAUTICAL AND CARGILL EXPAND LONG-STANDING PARTNERSHIP WITH STRATEGIC TECHNOLOGY AGREEMENT

Cargill expands utilization of Veson’s software and data suite to drive innovation and enhance their customers’ experience

BOSTON, Mass., March 6 (Bernama-GLOBE NEWSWIRE) -- Veson Nautical (Veson), a global leader in maritime data and freight management solutions, and Cargill have expanded their longstanding partnership to accelerate digital transformation in the maritime sector.

The Strategic Technology Agreement provides Cargill’s Ocean Transportation business with a broad range of access to the Veson portfolio, including Veson’s data intelligence capabilities and AI-enabled collaborative workflow solution Shipfix. Building upon their success in utilizing the Veson IMOS Platform, Cargill aims to simplify their technology ecosystem while driving efficiency, sustainability, and innovation across its global shipping operations.

“As Veson has invested in building a comprehensive set of solutions over recent years, we are thrilled for Cargill to benefit, extending our longstanding partnership,” said Sean Riley, Veson’s President and Chief Operating Officer. “The further work we are doing with Cargill highlights one of many ways we are partnering with our clients to propel the maritime industry forward.”

In addition to improving internal efficiencies, a key factor behind the collaboration is Cargill’s desire to provide their customers with an enhanced experience. As part of the strategic partnership, Veson is collaborating with Cargill to offer a customer-focused solution that integrates proprietary data, supplier information, and customer insights, enhancing Cargill and the shipping industry’s ability to make faster, data-driven decisions while enabling compliance with new industry regulations, including the International Maritime Organization and FuelEU initiatives.

“With a shared desire for digital transformation, open collaboration between our teams, and complementary strengths, skills, and focus points, Veson is the perfect partner to expand our relationship with,” said Eric Aboussouan, Strategy and Digitalization Lead for Cargill’s Ocean Transportation business. “They have set the standard for digital transformation in the shipping industry, with their IMOS Platform being the leading solution in the market. This partnership allows us to integrate our systems more seamlessly, providing customers a unified platform that enhances visibility, efficiency, and control over their freight procurement processes.”

To learn more about how Veson and Cargill plan to work together, and how Cargill’s customer experience would be enhanced, read this interview featuring Veson’s Sean Riley and Cargill’s Eric Aboussouan and Patrick Jourdain, Cargill Ocean Transportation Customer Lead.

About Veson Nautical

Veson Nautical empowers the global maritime industry to navigate compounding complexity on all sides of the trade. Multi-jurisdictional regulations, geopolitical disruptions, decarbonization, cybersecurity threats, and more are forcing industry participants to recalibrate their risk tolerance. By combining trusted maritime data with built-for-purpose workflows, Veson gives clients the decision-making confidence to manage risk and maximize profit.

With a heritage of innovation and expertise across all maritime related contracts, Veson serves more than 38,000 users across 2,400 companies in more than 100 countries and is uniquely positioned to enable a decision advantage.

Learn more at www.veson.com.  

About Cargill

Cargill is committed to providing food, ingredients, agricultural solutions, and industrial products to nourish the world in a safe, responsible, and sustainable way. Sitting at the heart of the supply chain, we partner with farmers and customers to source, make and deliver products that are vital for living.

Our approximately 160,000 employees innovate with purpose, providing customers with life’s essentials so businesses can grow, communities prosper, and consumers live well. With 160 years of experience as a family company, we look ahead while remaining true to our values. We put people first. We reach higher. We do the right thing—today and for generations to come.

For more information, visit Cargill.com    

Kevin Baxter
Senior PR & Communications Manager
KBaxter@veson.com 
+44 (0) 20233970102

Veson Nautical Press Team
Office +44 (0)20 3397 0102
press@veson.com 

www.Veson.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6dfaeea1-2246-4e3c-98ce-ba88cc641aaa 

SOURCE: Veson Nautical

--BERNAMA