KUALA LUMPUR, Feb 24 (Bernama) -- LyondellBasell (LYB), a leader in the global chemical industry, has announced updates to its 2030 climate and circularity goals, citing the need for disciplined capital allocation amid evolving market conditions and regulatory developments.
Reflecting current operating realities, the company now targets a 32 per cent reduction in Scope 1 and 2 greenhouse gas emissions by 2030, compared with a 2020 baseline, and aims to produce and market 800,000 metric tonnes of recycled and renewable-based polymers annually by the same year.
The company said its three-pillared strategy remains unchanged, focusing on growing and upgrading its core business, building a profitable circular and low-carbon business, and strengthening performance and culture.
LYB chief executive officer, Peter Vanacker said the company has made measurable progress and gained a deeper understanding of the factors that support value creation from circular and low-carbon solutions, while maintaining capital discipline in the current economic environment.
“These updates to our goals ensure we remain focused on advancing sustainability as a key value driver of our business at a pace aligned with market conditions and the regulatory environment,” he said in a statement.
Among recent milestones, the company has advanced construction of its first commercial-scale catalytic chemical recycling plant using proprietary MoReTec technology in Wesseling, Germany, supporting future growth in circular and low-carbon solutions.
LYB has also progressed in emissions reduction, including improvements at its Houston Refinery site and energy-efficiency initiatives across its manufacturing operations under its Value Enhancement Program.
In addition, the company has secured sufficient projects to reach its target of procuring at least 50 per cent of its electricity from renewable sources by 2030, based on 2020 procured levels.
Further details on LYB’s refreshed sustainability approach and the enablers supporting its targets will be released in its annual Sustainability Report in April 2026.
-- BERNAMA
Tuesday, February 24, 2026
MAVENIR ENABLES TUNE TALK AS INDEPENDENT CLOUD-NATIVE MNO
KUALA LUMPUR, Feb 23 (Bernama) -- Mavenir, the network software provider building artificial intelligence (AI)‑driven mobile infrastructure, announced that Tune Talk has completed its evolution into a fully independent, cloud-native mobile network operator (MNO).
Through a strategic partnership with Mavenir, the deployment enables Tune Talk to operate its own network systems end‑to‑end, unlocking new speed, agility, and innovation capabilities ahead of its next phase of growth.
By adopting Mavenir’s cloud-native Operations Support Systems (OSS) and Business Support Systems (BSS) solutions, Tune Talk gains full control of its network operations and digital service platforms, providing a software-driven foundation for future growth.
According to a statement, Tune Talk now operates an independent, software‑defined network, an upgrade that enables faster service deployment, more personalised AI-driven customer experiences, and improved network reliability.
The new architecture has already accelerated the rollout of digital services, including MyDigital ID integration, Mastercard ID Theft Protection, free Personal Accident Insurance, foodpanda benefits, and in‑app streaming content such as drama and game subscriptions.
In addition, Tune Talk’s cloud-native operational environment features zero-touch processes and self-healing automation, improving network stability while reducing operational overheads.
Phase two will deepen Tune Talk’s AI-driven transformation, introducing advanced orchestration and next-generation BSS to further enhance network performance, accelerate service delivery, and unlock new revenue streams through contextual, personalised offers.
With this deployment, Tune Talk becomes a reference model for cloud-native MNO operations not just in Malaysia but also across the ASEAN region, demonstrating how modern OSS/BSS architectures can accelerate operator independence, agility, and long-term digital transformation.
In collaboration with Mobile World Live, Mavenir will host a panel discussion at MWC26 on March 2. The session will feature Tune Talk Chief Executive Officer (CEO), Gurtaj Singh Padda, a senior executive from TextNow, and Mavenir President and CEO, Sandeep Singh, highlighting how AI, cloud-native architectures, and flexible monetisation enable mobile networks to differentiate on experience rather than price.
-- BERNAMA
Through a strategic partnership with Mavenir, the deployment enables Tune Talk to operate its own network systems end‑to‑end, unlocking new speed, agility, and innovation capabilities ahead of its next phase of growth.
By adopting Mavenir’s cloud-native Operations Support Systems (OSS) and Business Support Systems (BSS) solutions, Tune Talk gains full control of its network operations and digital service platforms, providing a software-driven foundation for future growth.
According to a statement, Tune Talk now operates an independent, software‑defined network, an upgrade that enables faster service deployment, more personalised AI-driven customer experiences, and improved network reliability.
The new architecture has already accelerated the rollout of digital services, including MyDigital ID integration, Mastercard ID Theft Protection, free Personal Accident Insurance, foodpanda benefits, and in‑app streaming content such as drama and game subscriptions.
In addition, Tune Talk’s cloud-native operational environment features zero-touch processes and self-healing automation, improving network stability while reducing operational overheads.
Phase two will deepen Tune Talk’s AI-driven transformation, introducing advanced orchestration and next-generation BSS to further enhance network performance, accelerate service delivery, and unlock new revenue streams through contextual, personalised offers.
With this deployment, Tune Talk becomes a reference model for cloud-native MNO operations not just in Malaysia but also across the ASEAN region, demonstrating how modern OSS/BSS architectures can accelerate operator independence, agility, and long-term digital transformation.
In collaboration with Mobile World Live, Mavenir will host a panel discussion at MWC26 on March 2. The session will feature Tune Talk Chief Executive Officer (CEO), Gurtaj Singh Padda, a senior executive from TextNow, and Mavenir President and CEO, Sandeep Singh, highlighting how AI, cloud-native architectures, and flexible monetisation enable mobile networks to differentiate on experience rather than price.
-- BERNAMA
Monday, February 23, 2026
COVENTRY TO SHOWCASE LONGEVITY-LINKED ASSET-BACKED SECURITIES AT SFVEGAS 2026
KUALA LUMPUR, Feb 23 (Bernama) -- Coventry, the leader and creator of the secondary market for life insurance, announced it will attend SFVegas 2026 to engage with structured finance leaders as the institutional market for longevity-linked asset-backed securities (ABS) continues to mature.
Through its LILY platform, Coventry structures longevity-linked assets into investment-grade ABS designed to emphasise durable collateral and predictable cash flows that are generally uncorrelated with traditional markets.
Since April 2025, the LILY programme has completed US$750 million in asset-backed notes across three securitisations, establishing a repeatable, programmatic issuance platform for institutional scale. (US$1=RM3.88)
In a statement, Coventry Chief Executive Officer, Reid Buerger said the life insurance-backed asset class is entering a new phase of institutional maturity, and the company has established a programmatic securitisation platform grounded in disciplined underwriting, actuarial rigour, and consistent capital markets execution.
“Our objective is to establish a durable infrastructure that supports sustained issuances and long-term market development. SFVegas provides an important forum to engage with structured finance leaders as longevity-linked assets become an increasingly established component of institutional portfolios,” added Buerger.
Coventry’s presence at SFVegas reflects the continued development of longevity-linked ABS as a distinct segment within structured credit, bringing together scaled life insurance policy origination, actuarial analytics, and institutional-grade securitisation infrastructure to support LILY’s ongoing expansion.
As institutional demand for differentiated, uncorrelated assets continues to grow, Coventry will meet with capital providers, rating agencies, and distribution partners to discuss the expansion of the LILY platform and the broader evolution of longevity-linked ABS.
Guided by a longstanding commitment to consumer rights and market integrity, Coventry leverages its leadership position to raise industry standards, expand consumer choice, and responsibly develop institutional-quality life insurance-backed investment solutions.
-- BERNAMA
Through its LILY platform, Coventry structures longevity-linked assets into investment-grade ABS designed to emphasise durable collateral and predictable cash flows that are generally uncorrelated with traditional markets.
Since April 2025, the LILY programme has completed US$750 million in asset-backed notes across three securitisations, establishing a repeatable, programmatic issuance platform for institutional scale. (US$1=RM3.88)
In a statement, Coventry Chief Executive Officer, Reid Buerger said the life insurance-backed asset class is entering a new phase of institutional maturity, and the company has established a programmatic securitisation platform grounded in disciplined underwriting, actuarial rigour, and consistent capital markets execution.
“Our objective is to establish a durable infrastructure that supports sustained issuances and long-term market development. SFVegas provides an important forum to engage with structured finance leaders as longevity-linked assets become an increasingly established component of institutional portfolios,” added Buerger.
Coventry’s presence at SFVegas reflects the continued development of longevity-linked ABS as a distinct segment within structured credit, bringing together scaled life insurance policy origination, actuarial analytics, and institutional-grade securitisation infrastructure to support LILY’s ongoing expansion.
As institutional demand for differentiated, uncorrelated assets continues to grow, Coventry will meet with capital providers, rating agencies, and distribution partners to discuss the expansion of the LILY platform and the broader evolution of longevity-linked ABS.
Guided by a longstanding commitment to consumer rights and market integrity, Coventry leverages its leadership position to raise industry standards, expand consumer choice, and responsibly develop institutional-quality life insurance-backed investment solutions.
-- BERNAMA
ADDRESS BEACH RESORT DUBAI UNVEILS JACUZZI POOL SUITES FOR ELEVATED BEACHFRONT LIVING
KUALA LUMPUR, Feb 23 (Bernama) -- Address Beach Resort Dubai has introduced its new Jacuzzi Pool Suites, bringing private outdoor indulgence and elevated living to one of the city’s most iconic destinations.
The One Bedroom Jacuzzi Pool Sea View Suite with Balcony offers a private retreat for couples or friends seeking to disconnect from the city’s hustle, according to a statement.
Opening onto an expansive balcony with views of Ain Dubai, Palm Jumeirah, and the Arabian Gulf, the suite features a private Jacuzzi-style plunge pool—perfect for slow mornings with coffee or evenings soaking as the city lights glow. Inside, the living space flows seamlessly to the outdoors, creating a stay that is relaxed, intimate, and quietly elevated.
For families or friends travelling together, the Two Bedroom Jacuzzi Pool Sea View Suite with Balcony provides space to connect without compromising privacy. Featuring two en-suite bedrooms anchored by a central living area, the suite accommodates shared moments—from relaxed breakfasts indoors to sunlit afternoons on the terrace.
The private Jacuzzi-style pool serves as the natural gathering point, framed by uninterrupted views of Bluewaters Island and the Arabian Gulf, while the terrace becomes an idyllic setting for unhurried evenings as daylight fades.
Beyond the new suites, Address Beach Resort Dubai boasts the world’s highest outdoor infinity pool, Dubai’s highest spa, and a curated collection of lifestyle-driven dining experiences, delivering an experience-led approach to luxury.
With the introduction of the new Jacuzzi Pool Suites, the resort further enhances its accommodation portfolio with spaces designed not just to stay in but to truly experience, unwind, and cherish every moment.
-- BERNAMA
The One Bedroom Jacuzzi Pool Sea View Suite with Balcony offers a private retreat for couples or friends seeking to disconnect from the city’s hustle, according to a statement.
Opening onto an expansive balcony with views of Ain Dubai, Palm Jumeirah, and the Arabian Gulf, the suite features a private Jacuzzi-style plunge pool—perfect for slow mornings with coffee or evenings soaking as the city lights glow. Inside, the living space flows seamlessly to the outdoors, creating a stay that is relaxed, intimate, and quietly elevated.
For families or friends travelling together, the Two Bedroom Jacuzzi Pool Sea View Suite with Balcony provides space to connect without compromising privacy. Featuring two en-suite bedrooms anchored by a central living area, the suite accommodates shared moments—from relaxed breakfasts indoors to sunlit afternoons on the terrace.
The private Jacuzzi-style pool serves as the natural gathering point, framed by uninterrupted views of Bluewaters Island and the Arabian Gulf, while the terrace becomes an idyllic setting for unhurried evenings as daylight fades.
Beyond the new suites, Address Beach Resort Dubai boasts the world’s highest outdoor infinity pool, Dubai’s highest spa, and a curated collection of lifestyle-driven dining experiences, delivering an experience-led approach to luxury.
With the introduction of the new Jacuzzi Pool Suites, the resort further enhances its accommodation portfolio with spaces designed not just to stay in but to truly experience, unwind, and cherish every moment.
-- BERNAMA
MAVENIR, TELEFÓNICA TO SET UP JOINT AI INNOVATION HUB
KUALA LUMPUR, Feb 23 (Bernama) -- Mavenir Systems Limited has signed a memorandum of understanding (MoU) with Telefónica, S.A. to establish a joint artificial intelligence (AI) Innovation Hub to accelerate the integration of AI into the evolution of core networks.
The collaborative hub will serve as a real-world testbed for developing, validating and optimising advanced capabilities such as AI-driven autonomous network orchestration and next-generation, intent-based services.
By emulating production-grade traffic patterns in a controlled environment, both companies aim to test and refine solutions ahead of large-scale commercial deployment.
Mavenir President and Chief Executive Officer, Pardeep Kohli said the collaboration leverages Mavenir’s long-standing experience in delivering core, voice and messaging platforms across Telefónica’s operating companies.
“By exposing these network capabilities through open interfaces, we enable AI to turn the network into a programmable service platform, creating a unique opportunity for Telefónica to operationalise AI, launch new digital and enterprise services faster, and unlock new revenue streams,” he said in a statement.
The initiative marks a step towards more intelligent, autonomous and self-optimising telecommunications networks, supporting both companies’ shared vision to embed cloud-native intelligence across network layers.
The collaboration will champion industry-leading practices in AI, data security, and regulatory compliance, while driving joint marketing initiatives, technical thought leadership, and active participation in global industry forums.
-- BERNAMA
Friday, February 20, 2026
THE MALAYAN SUN BEAR: THE ICONIC FACE OF VISIT MALAYSIA 2026, EXPLORE THE NATURAL HABITAT OF WIRA AND MANJA ACROSS MALAYSIA’S PREMIER TOURISM DESTINATIONS
KUALA LUMPUR, Feb 20 (Bernama) -- In conjunction with the Visit Malaysia 2026 (VM2026) campaign, Malaysia is showcasing the nation’s rich biodiversity by promoting the Malayan Sun Bear as a key highlight of the country’s ecotourism offerings. This strategic focus aligns with the introduction of Wira and Manja, the official mascots of VM2026 inspired by this iconic and unique species.
The Malayan Sun Bear, an endangered wildlife species has been chosen as the campaign’s official icon to symbolise Malaysia’s steadfast commitment to wildlife conservation. Designed in a friendly and engaging animated form, Wira and Manja are crafted to appeal to visitors of all ages, evoking a sense of warmth and cheerfulness. This approach further enhances Malaysia’s global image as a welcoming, vibrant and inclusive tourism destination.
Visitors can explore the natural habitats of the Malayan Sun Bear and interact with the VM2026 mascots at a range of key locations across the country, including:
• Bornean Sun Bear Conservation Centre (BSBCC) Sandakan, Sabah;
• Lok Kawi Wildlife Park, Sabah;
• Matang Wildlife Centre, Sarawak;
• Zoo Taiping and Night Safari, Perak;
• Lost World of Tambun, Perak;
• Zoo Negara Malaysia, Kuala Lumpur;
• 99 Wonderland Park, Kuala Lumpur;
• Sunway Lagoon Wildlife Park, Selangor;
• Zoo Melaka, Melaka;
• A' Famosa Safari Wonderland, Melaka;
• Zoo Johor, Johor Bahru; and
• Kemaman Zoo and Recreation Park, Terengganu
Through this campaign, Malaysia invites travellers to experience its unique wildlife, support conservation efforts and enjoy nature-based encounters that showcase the country’s rich biodiversity and ecotourism offerings.
In line with the VM2026 theme, the initiative highlights Malaysia as a sustainable and culturally vibrant destination. Visitors are encouraged to discover the inspiration behind Wira and Manja, Malaysia’s beloved mascots, in safe and protected environments. These experiences offer memorable journeys that celebrate the nation’s natural and cultural heritage.
For more information on the Visit Malaysia 2026 (VM2026) campaign and Malaysia’s diverse tourism offerings, please visit the official Tourism Malaysia website at www.tourism.gov.my.
About Tourism Malaysia
Malaysia Tourism Promotion Board, also known as Tourism Malaysia, is an agency under the Ministry of Tourism, Arts and Culture Malaysia (MOTAC). It focuses on promoting Malaysia as a preferred tourism destination and has, since its establishment, played a significant role in strengthening the country’s presence and competitiveness in the global tourism landscape.
Visit Malaysia 2026 (VM2026) underscores Malaysia’s commitment to sustainable tourism development, in line with the United Nations Sustainable Development Goals (UNSDGs). The campaign aims to showcase the nation’s diverse natural attractions, rich cultural heritage, and vibrant tourism offerings, while driving inclusive growth and long-term value for local communities and industry stakeholders.
For more information, visit Tourism Malaysia’s website www.tourism.gov.my and social media accounts on Facebook, Instagram, X, YouTube, and TikTok.
SOURCE: Tourism Malaysia
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Mohd Akbal Setia
Senior Director of Advertising and Digital Division
and Head of Visit Malaysia 2026 Secretariat
Tel: +603 8891 8700
Email: akbalsetia@tourism.gov.my
Name: Mohamad Tazrin Mohamad Taijo
Assistant Director
Visit Malaysia 2026 Secretariat
Tel: +603 8891 8762
Email: mohamadtazrin@tourism.gov.my
Name: Norshariza Mohd Saad
Deputy Director
Corporate Communications Division
Tel: +603 8891 8775
Emaill: norshariza@tourism.gov.my
--BERNAMA
Thursday, February 19, 2026
Cape EMS Unveils ‘CEB 2.0’ Roadmap to Drive High-Value Tech and Infrastructure Growth
KUALA LUMPUR, Feb 19 (Bernama) -- Cape EMS Berhad (“Cape EMS” or “the Group”) has unveiled its strategic transformation roadmap, dubbed “CEB 2.0,” aimed at repositioning the Group from a traditional electronics manufacturing services (EMS) provider into a high-value technology and infrastructure partner.
The strategic pivot is designed to build long-term earnings resilience and restore market confidence by moving beyond conventional “box-build” assembly into engineering-led, infrastructure-linked, and solution-based offerings.
Managing Director and Group Chief Executive Officer, Christina Tee Kim Chin, stated that the shift represents a fundamental upgrade in the Group’s business model.
“Cape 1.0 was about scale. CEB 2.0 is about value,” she said. “We are transitioning from hardware-centric manufacturing towards engineering integration, intelligent manufacturing networks, and clean-energy infrastructure.”
Four Strategic Pillars The transformation is anchored on four key business pillars: EMS, Battery Energy Storage Systems (BESS), Wireless IoT, and Intelligent Manufacturing Network (IMN).
Central to this strategy is the IMN, driven by the Group’s US-based subsidiary iConn Inc. The division operates a ‘virtual plant’ model that facilitates distributed, AI-optimised production across multiple geographies. This approach allows Cape EMS to mitigate tariff exposure, adapt to geopolitical shifts, and support multinational customers pursuing “China+1” supply-chain diversification strategies.
Capitalising on Johor’s Data Centre Boom Concurrently, the Group is expanding into the BESS and renewable energy infrastructure space through its subsidiary, Cape Renewables, in partnership with Shanghai Sermatec Energy Technology Co. Ltd.
The initiative involves the localisation of BESS assembly and lifecycle support in Johor, aligning with Malaysia’s National Energy Transition Roadmap (NETR). This positions Cape EMS to serve the rising demand from data centres and industrial operators seeking energy reliability.
Tee noted that Johor’s emergence as the nation’s primary data centre hub, coupled with the momentum of the Johor-Singapore Special Economic Zone (JS-SEZ), provides significant strategic tailwinds.
“Cape EMS is positioning itself as a critical infrastructure partner supporting energy resilience, smart mobility, and digital infrastructure operations within this high-growth corridor,” she added.
To support this ecosystem, the Group has entered into a strategic collaboration with Engytech Engineering Services to build digital infrastructure operation and maintenance capabilities. Plans are also underway to establish a Data Centre Academy in Johor to address talent shortages in mission-critical facilities, supporting the New Industrial Master Plan (NIMP) 2030 goals.
Focus on Quality Growth From a capital markets perspective, the Board has outlined a priority over the next 12 to 24 months to demonstrate consistent profitability and disciplined execution. The Group views its return to profitability in the first quarter of FY2026 as a baseline for sustainable performance.
“We are focused on sustainable margin improvement, prudent capital deployment, and transparent engagement with investors. We are not chasing growth for growth’s sake — we are pursuing quality growth,” Tee emphasised.
By operating at the intersection of advanced manufacturing, clean energy, and digital infrastructure, Cape EMS aims to build a more resilient, infrastructure-linked earnings profile moving forward.
SOURCE : Aegis Communication
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Jason Fong
Tel: +6012-8631134
Email: jason@aegiscomm.com.my
--BERNAMA
The strategic pivot is designed to build long-term earnings resilience and restore market confidence by moving beyond conventional “box-build” assembly into engineering-led, infrastructure-linked, and solution-based offerings.
Managing Director and Group Chief Executive Officer, Christina Tee Kim Chin, stated that the shift represents a fundamental upgrade in the Group’s business model.
“Cape 1.0 was about scale. CEB 2.0 is about value,” she said. “We are transitioning from hardware-centric manufacturing towards engineering integration, intelligent manufacturing networks, and clean-energy infrastructure.”
Four Strategic Pillars The transformation is anchored on four key business pillars: EMS, Battery Energy Storage Systems (BESS), Wireless IoT, and Intelligent Manufacturing Network (IMN).
Central to this strategy is the IMN, driven by the Group’s US-based subsidiary iConn Inc. The division operates a ‘virtual plant’ model that facilitates distributed, AI-optimised production across multiple geographies. This approach allows Cape EMS to mitigate tariff exposure, adapt to geopolitical shifts, and support multinational customers pursuing “China+1” supply-chain diversification strategies.
Capitalising on Johor’s Data Centre Boom Concurrently, the Group is expanding into the BESS and renewable energy infrastructure space through its subsidiary, Cape Renewables, in partnership with Shanghai Sermatec Energy Technology Co. Ltd.
The initiative involves the localisation of BESS assembly and lifecycle support in Johor, aligning with Malaysia’s National Energy Transition Roadmap (NETR). This positions Cape EMS to serve the rising demand from data centres and industrial operators seeking energy reliability.
Tee noted that Johor’s emergence as the nation’s primary data centre hub, coupled with the momentum of the Johor-Singapore Special Economic Zone (JS-SEZ), provides significant strategic tailwinds.
“Cape EMS is positioning itself as a critical infrastructure partner supporting energy resilience, smart mobility, and digital infrastructure operations within this high-growth corridor,” she added.
To support this ecosystem, the Group has entered into a strategic collaboration with Engytech Engineering Services to build digital infrastructure operation and maintenance capabilities. Plans are also underway to establish a Data Centre Academy in Johor to address talent shortages in mission-critical facilities, supporting the New Industrial Master Plan (NIMP) 2030 goals.
Focus on Quality Growth From a capital markets perspective, the Board has outlined a priority over the next 12 to 24 months to demonstrate consistent profitability and disciplined execution. The Group views its return to profitability in the first quarter of FY2026 as a baseline for sustainable performance.
“We are focused on sustainable margin improvement, prudent capital deployment, and transparent engagement with investors. We are not chasing growth for growth’s sake — we are pursuing quality growth,” Tee emphasised.
By operating at the intersection of advanced manufacturing, clean energy, and digital infrastructure, Cape EMS aims to build a more resilient, infrastructure-linked earnings profile moving forward.
SOURCE : Aegis Communication
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Jason Fong
Tel: +6012-8631134
Email: jason@aegiscomm.com.my
--BERNAMA
Fortrea Expands Executive Team, Appointing Oren Cohen as Chief Medical Officer and Scott Dove as President of Clinical Pharmacology Services
Adds to executive focus on early clinical development and deepens medical and scientific partnership with clients
DURHAM, N.C., Feb 19 (Bernama-GLOBE NEWSWIRE) -- Fortrea (Nasdaq: FTRE) (the “Company”), a leading global contract research organization (CRO), today announced it has expanded its executive team. Oren Cohen, MD who previously served as both Fortrea’s chief medical officer (CMO) and president of Clinical Pharmacology Services (CPS) is now dedicated to his CMO responsibilities, namely medical strategy, scientific leadership, ethics and governance oversight across Fortrea’s portfolio. Scott Dove, PhD joins Fortrea as its new president of CPS, responsible for Fortrea’s early clinical development solutions across its global network of clinical research units. Cohen and Dove both serve on Fortrea’s Executive Committee.
“The addition of Scott to the Fortrea team while Oren becomes fully dedicated to the medical and scientific aspects of development is a win for clients,” said Anshul Thakral, CEO. “Working closely with our business leaders across all phases of clinical development, Oren will deepen his relationships with clients. He’s engaging earlier in scientific dialogue and collaborating closely with our physicians and therapeutic leaders to help address complex development challenges, all while upholding the highest standards of scientific integrity and patient safety. Scott is making a fast start with our Clinical Pharmacology team and is getting a first-hand view of our world-class clinics. He combines a strong technical background in clinical development and operations with a successful track record of leadership in building and leading global organizations, and I’m looking forward to his insights on how we further strengthen our offering.”
Oren Cohen, MD Chief Medical Officer
Oren Cohen, MD is a veteran of drug development, bringing more than 20 years of experience in various medical and scientific executive leadership roles in the pharmaceutical industry. Prior to Fortrea, Dr. Cohen served as CMO and head of Clinical Pharmacology Services at Labcorp Drug Development. Previously, he was CMO at Viamet Pharmaceuticals and served in several senior medical and operational leadership positions at Quintiles, now part of IQVIA.
Dr. Cohen received his MD from Duke University and served his internship and residency at The New York Hospital, Cornell Medical Center in New York City. He completed his fellowship in Infectious Diseases at the National Institute of Allergy and Infectious Diseases, where he stayed as a Principal Investigator and served as the institute's assistant director for medical affairs. He is a Consulting Professor of Medicine at Duke University Medical Center, a member of the Board of Visitors for Duke University School of Medicine and a Fellow of the Infectious Diseases Society of America.
Scott Dove, PhD President Clinical Pharmacology Services
Scott Dove, PhD brings more than 25 years of drug development experience to Fortrea, serving in roles of increasing responsibility at pharma, biotech and CRO companies. Most recently, he has served as an advisor to a variety of companies, including Fortrea. Previously, Dr. Dove was chief operating officer at Aravive, leading R&D operations for a clinical stage, oncology-focused biotech. He also served in leadership roles at PPD for more than a decade, where he led early development services. Dr. Dove also held leadership roles at Allergan and Furiex Pharmaceuticals.
Dr. Dove received his PhD from Texas A&M Health Science Center and earned his bachelor of science in biochemistry at Texas A&M University.
About Fortrea
Fortrea (Nasdaq: FTRE) is a leading global provider of clinical development solutions to the life sciences industry. We partner with emerging and large biopharmaceutical, biotechnology, medical device and diagnostic companies to drive healthcare innovation that accelerates life changing therapies to patients. Fortrea provides phase I-IV clinical trial management, clinical pharmacology and consulting services. Fortrea’s solutions leverage three decades of experience spanning more than 20 therapeutic areas, a passion for scientific rigor, exceptional insights and a strong investigator site network. Our talented and diverse team working in about 100 countries is scaled to deliver focused and agile solutions to customers globally. Learn more about how Fortrea is becoming a transformative force from pipeline to patient at Fortrea.com and follow us on LinkedIn and X (formerly Twitter).
Fortrea Contacts:
Tracy Krumme (Investors) – 984-385-6707, Tracy.Krumme@fortrea.com
Sue Zaranek (Media) – 919-943-5422, media@fortrea.com
Kate Dillon (Media) – 646-818-9115, kdillon@prosek.com
SOURCE: Fortrea Holdings Inc
DURHAM, N.C., Feb 19 (Bernama-GLOBE NEWSWIRE) -- Fortrea (Nasdaq: FTRE) (the “Company”), a leading global contract research organization (CRO), today announced it has expanded its executive team. Oren Cohen, MD who previously served as both Fortrea’s chief medical officer (CMO) and president of Clinical Pharmacology Services (CPS) is now dedicated to his CMO responsibilities, namely medical strategy, scientific leadership, ethics and governance oversight across Fortrea’s portfolio. Scott Dove, PhD joins Fortrea as its new president of CPS, responsible for Fortrea’s early clinical development solutions across its global network of clinical research units. Cohen and Dove both serve on Fortrea’s Executive Committee.
“The addition of Scott to the Fortrea team while Oren becomes fully dedicated to the medical and scientific aspects of development is a win for clients,” said Anshul Thakral, CEO. “Working closely with our business leaders across all phases of clinical development, Oren will deepen his relationships with clients. He’s engaging earlier in scientific dialogue and collaborating closely with our physicians and therapeutic leaders to help address complex development challenges, all while upholding the highest standards of scientific integrity and patient safety. Scott is making a fast start with our Clinical Pharmacology team and is getting a first-hand view of our world-class clinics. He combines a strong technical background in clinical development and operations with a successful track record of leadership in building and leading global organizations, and I’m looking forward to his insights on how we further strengthen our offering.”
Oren Cohen, MD Chief Medical Officer
Oren Cohen, MD is a veteran of drug development, bringing more than 20 years of experience in various medical and scientific executive leadership roles in the pharmaceutical industry. Prior to Fortrea, Dr. Cohen served as CMO and head of Clinical Pharmacology Services at Labcorp Drug Development. Previously, he was CMO at Viamet Pharmaceuticals and served in several senior medical and operational leadership positions at Quintiles, now part of IQVIA.
Dr. Cohen received his MD from Duke University and served his internship and residency at The New York Hospital, Cornell Medical Center in New York City. He completed his fellowship in Infectious Diseases at the National Institute of Allergy and Infectious Diseases, where he stayed as a Principal Investigator and served as the institute's assistant director for medical affairs. He is a Consulting Professor of Medicine at Duke University Medical Center, a member of the Board of Visitors for Duke University School of Medicine and a Fellow of the Infectious Diseases Society of America.
Scott Dove, PhD President Clinical Pharmacology Services
Scott Dove, PhD brings more than 25 years of drug development experience to Fortrea, serving in roles of increasing responsibility at pharma, biotech and CRO companies. Most recently, he has served as an advisor to a variety of companies, including Fortrea. Previously, Dr. Dove was chief operating officer at Aravive, leading R&D operations for a clinical stage, oncology-focused biotech. He also served in leadership roles at PPD for more than a decade, where he led early development services. Dr. Dove also held leadership roles at Allergan and Furiex Pharmaceuticals.
Dr. Dove received his PhD from Texas A&M Health Science Center and earned his bachelor of science in biochemistry at Texas A&M University.
About Fortrea
Fortrea (Nasdaq: FTRE) is a leading global provider of clinical development solutions to the life sciences industry. We partner with emerging and large biopharmaceutical, biotechnology, medical device and diagnostic companies to drive healthcare innovation that accelerates life changing therapies to patients. Fortrea provides phase I-IV clinical trial management, clinical pharmacology and consulting services. Fortrea’s solutions leverage three decades of experience spanning more than 20 therapeutic areas, a passion for scientific rigor, exceptional insights and a strong investigator site network. Our talented and diverse team working in about 100 countries is scaled to deliver focused and agile solutions to customers globally. Learn more about how Fortrea is becoming a transformative force from pipeline to patient at Fortrea.com and follow us on LinkedIn and X (formerly Twitter).
Fortrea Contacts:
Tracy Krumme (Investors) – 984-385-6707, Tracy.Krumme@fortrea.com
Sue Zaranek (Media) – 919-943-5422, media@fortrea.com
Kate Dillon (Media) – 646-818-9115, kdillon@prosek.com
SOURCE: Fortrea Holdings Inc
BODOR LASER LAUNCHES DREAM PARK, SETS 2026 TARGET
KUALA LUMPUR, Feb 19 (Bernama) -- Bodor Laser has held its Annual Awards Ceremony and Year Kickoff event at Dream Park, the company’s newly completed global headquarters campus, marking a review of its 2025 performance and the formal start of its next development phase.
Held under the theme “Park & Dreams”, the event also outlined the company’s long-term strategy. In his keynote address, company President, Kong Jie presented the vision behind Dream Park and reaffirmed Bodor Laser’s commitment to innovation and sustainable growth.
Bodor Laser in a statement said the completion of Dream Park follows 18 years of expansion, reflecting sustained investment in advanced manufacturing capabilities and global operations.
Designed as a modern industrial campus, Dream Park integrates production, research and development, office facilities, intelligent management systems and employee amenities within a single layout to enhance operational efficiency while supporting a collaborative and people-centred working environment.
Despite a challenging global market environment, the company reported solid performance in 2025, exceeding its annual objectives. More than 10,000 machines were delivered during the year from its DreamSpace Super Factory, further strengthening production capacity and operational efficiency.
The company also maintained its global leadership position in the fibre laser cutting machine segment, ranking first worldwide in sales volume of machines rated at 1,000 watts and above for the sixth consecutive year from 2019 to 2024, according to the Qianzhan Industry Research Institute.
Other milestones in 2025 included the establishment of a South China headquarters in Shenzhen, expansion of its sheet and tube laser cutting product portfolios together with a full welding solution lineup, the receipient of three Red Dot Design Awards, and the rollout of large-scale artificial intelligence initiatives to support intelligent manufacturing.
During the event, 19 award categories recognised nearly 300 employees for outstanding contributions, while 27 employees were honoured for 10 years of service.
Looking ahead, Bodor Laser said 2026 will be a pivotal year, with a revenue target of 4.6 billion Chinese yuan. The company plans to further consolidate its global sales leadership, upgrade its product portfolio, strengthen channel capabilities and enhance innovation systems to support long-term strategic growth. (100 Chinese yuan = RM56.65)
-- BERNAMA
Monday, February 16, 2026
HHI Becomes Southeast Asia’s First Integrated Mechanical and Chemical Plastic Recycler Awarded B Corp Certification
KUALA LUMPUR, Feb 13 (Bernama) -- Heng Hiap Industries Sdn. Bhd. (HHI), Malaysia’s leading integrated plastic recycler and circular solutions provider, announced that it has become the first mechanical and chemical plastic recycler in Southeast Asia to receive B Corporation (B Corp) certification. This achievement follows the company’s successful grant allocation under the Domestic Investment Accelerator Fund for ESG (DIAF-ESG) by the Malaysian Investment Development Authority (MIDA).
Verified by To-Cert Limited, the independent verification body appointed by B Lab, the certification recognises HHI’s commitment to high standards of social and environmental performance, transparent governance, and responsible business conduct. This milestone marks a significant step in Malaysia’s industrial transition toward a purpose-driven and sustainable economy.
MIDA’s initiative in advocating ESG adoption and practices to the local industry players, particularly Small and Medium Enterprises (SMEs) and Mid-Tier Companies (MTCs), underlines the agency’s commitment to advancing the sustainability agenda for Malaysian businesses. Through fiscal incentives, advisory services, seminars and facilitation programmes, MIDA actively supports companies in adopting low-carbon technologies, improving resource efficiency, and building globally competitive green industries.
Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, commented, “As a government agency entrusted to promote a sustainable investment ecosystem, MIDA will continue encourage companies to adopt ESG practices and support Malaysia’s net zero commitment by 2050. HHI’s B Corp certification exemplifies how innovation, social impact and sustainable manufacturing can drive the next generation of high-value green industries.”
Mr. Kian Seah, CEO of HHI, added, “This certification is not the end game but the foundation for circular trust. Every kilogram of recycled plastic now carries a story of inclusion, traceability, and verified impact. We are grateful for MIDA’s guidance, which has been invaluable in aligning our sustainability journey with Malaysia’s national industrial agenda.”
Setting a new industrial benchmark for circular transformation
HHI’s B Corp certification recognises nearly two decades of innovation in plastic recycling. The company pioneered a model that transforms post-consumer and ocean-bound plastic scrap into traceable, premium-grade recycled resins for the international markets, exporting to more than 40 countries.
HHI’s efforts translate the New Industrial Master Plan 2030 (NIMP 2030) and the National Industry ESG Framework into actionable business practices that support the UN’s Sustainable Development Goals, while advancing Malaysia’s economic growth alongside environmental stewardship.
While Mr. Thomas Ng, the Lead of B Market Builder Southeast Asia, the regional chapter of B Lab, highlighted, “HHI is a benchmark for manufacturing companies embedding circularity and inclusion into governance. Its B Corp journey shows how industrial recyclers can lead in delivering measurable positive impact.”
Driving investor confidence in Malaysia’s circular manufacturing future
With this certification, HHI joins a global community of more than ten thousand B Corps and remains among the few heavy industry companies in Asia recognised for measurable environmental and social outcomes.
HHI will continue expanding its Asia to Europe and the United States’ circular corridor, supplying verified recycled materials and compliance documentation to global brand owners navigating new international recycled content regulations.
By converting locally collected post-consumer and ocean-bound plastic scrap into feedstock for high-quality mechanical and chemical recycling, HHI demonstrates that Malaysia can deliver impact-verified materials at global scale.
For media inquiries, please refer to this link: https://shorturl.at/5W3z0
SOURCE: Malaysian Investment Development Authority (MIDA)
FOR MORE INFORMATON, PLEASE CONTACT:
MIDA
Name: Mr. Syed Kamal Muzaffa Syed Hassan Sagaff
Director, Sustainability Division
Tel.: +603-2267 3636
Email: syedkamal@mida.gov.my
Heng Hiap Industries (HHI)
Name: Mactayren Jupiter
Marketing R& Corporate Communications
Tel: +6011-5171 5199
Email: mactayren@genashtim.com
--BERNAMA
MIDA’s initiative in advocating ESG adoption and practices to the local industry players, particularly Small and Medium Enterprises (SMEs) and Mid-Tier Companies (MTCs), underlines the agency’s commitment to advancing the sustainability agenda for Malaysian businesses. Through fiscal incentives, advisory services, seminars and facilitation programmes, MIDA actively supports companies in adopting low-carbon technologies, improving resource efficiency, and building globally competitive green industries.
Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, CEO of MIDA, commented, “As a government agency entrusted to promote a sustainable investment ecosystem, MIDA will continue encourage companies to adopt ESG practices and support Malaysia’s net zero commitment by 2050. HHI’s B Corp certification exemplifies how innovation, social impact and sustainable manufacturing can drive the next generation of high-value green industries.”
Mr. Kian Seah, CEO of HHI, added, “This certification is not the end game but the foundation for circular trust. Every kilogram of recycled plastic now carries a story of inclusion, traceability, and verified impact. We are grateful for MIDA’s guidance, which has been invaluable in aligning our sustainability journey with Malaysia’s national industrial agenda.”
Setting a new industrial benchmark for circular transformation
HHI’s B Corp certification recognises nearly two decades of innovation in plastic recycling. The company pioneered a model that transforms post-consumer and ocean-bound plastic scrap into traceable, premium-grade recycled resins for the international markets, exporting to more than 40 countries.
HHI’s efforts translate the New Industrial Master Plan 2030 (NIMP 2030) and the National Industry ESG Framework into actionable business practices that support the UN’s Sustainable Development Goals, while advancing Malaysia’s economic growth alongside environmental stewardship.
While Mr. Thomas Ng, the Lead of B Market Builder Southeast Asia, the regional chapter of B Lab, highlighted, “HHI is a benchmark for manufacturing companies embedding circularity and inclusion into governance. Its B Corp journey shows how industrial recyclers can lead in delivering measurable positive impact.”
Driving investor confidence in Malaysia’s circular manufacturing future
With this certification, HHI joins a global community of more than ten thousand B Corps and remains among the few heavy industry companies in Asia recognised for measurable environmental and social outcomes.
HHI will continue expanding its Asia to Europe and the United States’ circular corridor, supplying verified recycled materials and compliance documentation to global brand owners navigating new international recycled content regulations.
By converting locally collected post-consumer and ocean-bound plastic scrap into feedstock for high-quality mechanical and chemical recycling, HHI demonstrates that Malaysia can deliver impact-verified materials at global scale.
For media inquiries, please refer to this link: https://shorturl.at/5W3z0
SOURCE: Malaysian Investment Development Authority (MIDA)
FOR MORE INFORMATON, PLEASE CONTACT:
MIDA
Name: Mr. Syed Kamal Muzaffa Syed Hassan Sagaff
Director, Sustainability Division
Tel.: +603-2267 3636
Email: syedkamal@mida.gov.my
Heng Hiap Industries (HHI)
Name: Mactayren Jupiter
Marketing R& Corporate Communications
Tel: +6011-5171 5199
Email: mactayren@genashtim.com
--BERNAMA
Friday, February 13, 2026
PETRONAS Secures Oman’s Block 18, Advancing Global Exploration Portfolio
 |
| From left: Mohd Redhani Abdul Rahman, CEO PETRONAS Carigali International Ventures & VP International Assets, PETRONAS; His Excellency Eng. Salim bin Nasser Al Aufi, the Minister of Energy and Minerals, Sultanate of Oman; and Mahmoud Al Hashmi, Chief Executive Officer, OQEP |
MUSCAT, Feb 13 (Bernama) -- PETRONAS is pleased to announce that its whollyowned subsidiary, PC Oman Ventures Ltd (PCOVL) has signed a Concession Agreement with the Government of the Sultanate of Oman and OQ Exploration and Production Batinah Offshore LLC (OQEP) as its partner for the exploration of oil and gas in Block 18.
Block 18 is a large offshore exploration area located in Northeast Oman, spanning more than 21,000 km² and offering significant frontier exploration potential across diverse geological settings, from shallow to ultra-deep water.
PCOVL has been active in the Sultanate of Oman since 2018 and currently holds a participating interest in Block 61. Upon signing this Concession Agreement, PCOVL assumes operatorship of Block 18 in partnership with OQEP. This collaboration builds on the Memorandum of Understanding (MoU) signed between PETRONAS and OQEP in October 2025, marking an important milestone in strengthening the strategic partnership between both companies and reinforcing PETRONAS’ long‑term presence in the Sultanate of Oman.
The partnership supports PETRONAS’ aspiration to enhance its competitive upstream portfolio by aligning its offshore exploration capability with OQEP’s regional expertise, laying the foundation for a mutually beneficial venture.
“Building on our technical strengths and successes, PETRONAS continues to expand its exploration activities into new frontiers. Through our innovative exploration approaches and OQEP’s basin expertise, we aim to jointly unlock the potential of Block 18, contributing to Oman’s long-term energy security. The addition of Block 18 aligns with our commitment to disciplined portfolio expansion, providing strategic optionality across our international portfolio,” said Mohd Redhani Abdul Rahman, Vice President of International Assets, PETRONAS, during the signing ceremony.
In 2025, PETRONAS achieved a series of notable discoveries across key basins, reaffirming its position as one of the leading global explorers. From unlocking new hydrocarbon potential in Malaysia’s Lebah Emas producing well to delivering highimpact discoveries in Suriname Block 52, these successes underscore the strength of PETRONAS’ clustered exploration strategy.
As a global energy and solutions partner, PETRONAS remains committed to pursuing global opportunities while deepening collaboration with strategic partners.
Issued by
Media Management, Channels & Media Relations
Group Strategic Relations & Communications
PETRONAS
SOURCE: PETRONAS
FOR MORE INFORMATION, PLEASE CONTACT:
PETRONAS
Name: Hana Nazsulaeeqa Harun
Tel: +6010 455 3378
Email: hananazsulaeeqa.haru@petronas.com
--BERNAMA
PETRONAS AND SABAH STATE GOVERNMENT HONOUR LOCAL VENDORS, STRENGTHENING OGSE GROWTH
.jpg) |
| Rashidah Alias, PETRONAS Vice President of Group Procurement (third from left) presenting the Sabah Vendor Development Programme Award to one of the recipients, witnessed by Datuk Sr. Mohd Ishak Datuk Ayub, Assistant Sabah Finance Minister II (second from right) and Datuk Ir Bacho Pilong, PETRONAS Senior Vice President of Malaysia Petroleum Management (right) |
KOTA KINABALU, Feb 13 (Bernama) -- PETRONAS and the Sabah State Government yesterday accorded recognition to Sabah-based oil and gas services and equipment (OGSE) vendors for their achievements in fostering a sustainable and competitive local ecosystem.
To date, a total of 98 Sabah-based OGSE vendors have been recognised for their capabilities and track record in securing contracts. This reflects a steady increase since the signing of the Sabah Commercial Collaboration Agreement (CCA) in 2021, with 47 vendors receiving recognition for the first time in 2025, signalling the growing depth and maturity of local industry capabilities. This progress is further reflected in the growth of contracts secured by Sabah vendors, which rose from 133 in 2021 to 499 in 2025.
Held at the Sabah International Convention Centre, the recognition ceremony was witnessed by Assistant Sabah Finance Minister II Datuk Sr Mohd Ishak Datuk Ayub, representing Deputy Chief Minister II and Sabah Finance Minister Datuk Seri Panglima Masidi Manjun, and presented by PETRONAS Vice President of Group Procurement, Rashidah Alias. Also present was PETRONAS Senior Vice President of Malaysia Petroleum Management, Datuk Ir Bacho Pilong.
In his address, Datuk Ir Bacho highlighted the evolving dynamics of the global energy landscape and the continued importance of the OGSE sector to Malaysia’s economy. He said, “As we navigate rapid change in the global energy landscape, the OGSE sector remains a vital pillar of Malaysia’s economy. With the support and ongoing collaboration, with the Sabah State, we can build a resilient OGSE supply chain, and position Sabah as the preferred investment destination.”
Among the recognised vendors are those awarded medium-to-complex scope contracts, including Gas Turbine Maintenance, Production Support Vessel (PSV) services for deepwater drilling, Wellhead Maintenance, Terminal Turnaround, Maintenance and Modification (TTAMM) and Marine Operations. The vendors have also strengthened industry collaboration through Joint Venture (JV) contracts for Offshore Maintenance, Construction, and Modification (MCM) and Hook-Up (HUC) scopes, reflecting continued progress in technical capability and service expansion within Sabah’s oil and gas sector.
Meanwhile, two Sabah-based companies were introduced under the Vendor Development Programme (VDP): Seascape Synergy Services Sdn Bhd for Life Raft and Lifeboat Maintenance, and GMB Dynamic Sdn Bhd for Fire Truck Maintenance Services. These new entrants reflect the strengthening capabilities of Sabah’s OGSE sector, as more local companies meet higher standards of safety, quality, and operational excellence.
PETRONAS and the Sabah State Government extend their appreciation to all partners, associations and vendors whose continued commitment contributes to the strengthening of Sabah’s OGSE ecosystem. Both parties remain committed to fostering a sustainable, inclusive and competitive industry for the future.
Issued by:
Channels and Media Relations
Group Strategic Relations & Communications
PETRONAS
SOURCE: PETRONAS
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Neil Brian Joseph
Email: neilbrian.joseph@petronas.com.my
Executive (Media Communications - Sabah & Labuan)
Media Management
--BERNAMA
Bitget Introduces Gracy AI, a New Way to Talk Markets, Leadership, and Long-Term Thinking
VICTORIA, Seychelles, Feb 13 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world’s largest Universal Exchange (UEX), has launched Gracy AI, the first animated digital human in crypto designed to bring real leadership thinking into one-on-one conversations with users.
Built around the experience and decision-making approach of Bitget CEO Gracy Chen, Gracy AI moves beyond charts and short-term signals. Instead, it gives users a space to talk through market cycles, strategy, career questions, and mindset with an AI that reflects how a real industry leader thinks about growth, risk, and long-term direction.
The launch marks a shift in how exchanges use AI. Rather than acting as another data layer, Gracy AI focuses on interpretation and context. Users can ask about where the industry is heading, how to think through uncertainty, or how to approach decision-making when markets are noisy. The goal is not to predict prices, but to help users think more clearly about them.
“Honestly, I still find it a little funny to see an AI avatar of me on screen,” said Gracy Chen, CEO at Bitget. “But a big part of my job is listening to user concerns, getting close to the details, and helping people understand what’s really happening in the market. The team built Gracy AI around that same approach so more users can connect, learn and grow feeling supported by me and the team,” she added.
Gracy AI is part of Bitget’s broader AI roadmap as part of its UEX transformation. After GetAgent established Bitget’s AI capability in analytics and decision support, Gracy AI represents the more human-facing side of that strategy, where technology supports understanding rather than just execution.
To mark the launch, Bitget is rolling out themed Gracy AI conversations tied to moments of reflection and renewal. Valentine’s Day introduces self-care-focused chats, while Chinese New Year features guided conversations around goals, perspective, and new beginnings. These campaigns are designed to make AI interaction feel personal, timely, and useful, rather than transactional.
The Gracy AI launch builds on Bitget’s broader push to make AI genuinely useful for everyday traders. From AI-powered market insights and smart trading tools to products like GetAgent, which helps users navigate volatility with clearer signals and context, Bitget has steadily integrated AI to reduce friction and improve decision-making. Gracy AI extends that approach by putting experience, perspective, and real-time intelligence into a more accessible, conversational layer for users. As Bitget continues to evolve into a Universal Exchange, Gracy AI reflects a simple idea: better tools matter, but better thinking matters more.
Experience Gracy AI here.
About Bitget
Bitget is the world's largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 100+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships with LALIGA and MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry's lowest fees and highest liquidity across 150 regions worldwide.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/c2037966-1793-47cf-974b-217cf041b753
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
HAMAT, RLC GLOBAL FORUM HONOUR RETAIL LEADERS IN RIYADH
KUALA LUMPUR, Feb 13 (Bernama) -- Hamat, together with RLC Global Forum, co-hosted the RLC Honors Gala Dinner on Feb 3, bringing together senior leaders from the global retail, luxury and consumer ecosystem for an evening recognising excellence, leadership and long-term impact.
Held on the sidelines of the 2026 RLC Global Forum, the RLC Honors recognise individuals whose careers have shaped businesses, industries and markets over time, while underscoring the role of consistent, responsible leadership through periods of change.
The 2026 RLC Honors were presented in an intimate setting in Riyadh in partnership with Hamat, a long-standing supporter of the RLC Global Forum and its international community.
Speaking at the ceremony, RLC Global Forum Chairman, Panos Linardos said the awards highlight consistency of leadership and depth of contribution across an entire career, while Hamat’s leadership underscored the importance of linking global insight with regional execution.
According to a statement, this year’s ceremony recognised two industry leaders whose influence has had a lasting impact on both global and regional retail.
Marco Bizzarri, Gucci’s former chief executive officer, received the Lifetime Achievement Award for Excellence in Luxury Retail, in recognition of his role in transforming the brand into a global cultural and commercial force.
Meanwhile, Ingie Chalhoub, Etoile Group Founder and President, was honoured with the Lifetime Achievement Award for Pioneering Women’s Leadership in Retail for her contribution to the Middle East’s luxury retail development and women’s leadership.
Together, Hamat and RLC Global Forum, in partnership, reaffirmed their shared commitment to strengthening cross-border collaboration and supporting a more resilient, forward-looking global retail industry.
-- BERNAMA
Held on the sidelines of the 2026 RLC Global Forum, the RLC Honors recognise individuals whose careers have shaped businesses, industries and markets over time, while underscoring the role of consistent, responsible leadership through periods of change.
The 2026 RLC Honors were presented in an intimate setting in Riyadh in partnership with Hamat, a long-standing supporter of the RLC Global Forum and its international community.
Speaking at the ceremony, RLC Global Forum Chairman, Panos Linardos said the awards highlight consistency of leadership and depth of contribution across an entire career, while Hamat’s leadership underscored the importance of linking global insight with regional execution.
According to a statement, this year’s ceremony recognised two industry leaders whose influence has had a lasting impact on both global and regional retail.
Marco Bizzarri, Gucci’s former chief executive officer, received the Lifetime Achievement Award for Excellence in Luxury Retail, in recognition of his role in transforming the brand into a global cultural and commercial force.
Meanwhile, Ingie Chalhoub, Etoile Group Founder and President, was honoured with the Lifetime Achievement Award for Pioneering Women’s Leadership in Retail for her contribution to the Middle East’s luxury retail development and women’s leadership.
Together, Hamat and RLC Global Forum, in partnership, reaffirmed their shared commitment to strengthening cross-border collaboration and supporting a more resilient, forward-looking global retail industry.
-- BERNAMA
Wednesday, February 11, 2026
Second to None in Business Excellence: Mary Kay Named #2 on the Forbes 2026 Best Customer Service List
Mary Kay Inc., a global direct sales leader in beauty and skincare innovation, entered 2026 with momentum, securing a top-tier distinction on Forbes’ 2026 Best Customer Service list, where the company ranked #2 overall. (Image Courtesy: Mary Kay Inc.)
Mary Kay Wraps up 2025 with 25 Corporate Reputation Awards
DALLAS, Feb 11 (Bernama-BUSINESS WIRE) -- Mary Kay Inc., a global direct sales leader in beauty and skincare innovation, entered 2026 with momentum, securing a top-tier distinction on Forbes’ 2026 Best Customer Service list, where the company ranked #2 overall. The honor follows a standout year for Mary Kay, which concluded 2025 with a total of 25 global awards, underscoring its continued focus on corporate excellence, direct selling industry, social impact, environmental sustainability, science, and innovation.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260210599426/en/
The recent recognition highlights Mary Kay’s enduring commitment to putting the customer at the heart of everything it does, from seamless digital support to personalized beauty advice. The Forbes Best Customer Service ranking spotlights organizations that have set the gold standard for responsiveness, empathy, and excellence in service delivery – and Mary Kay’s placement at number two reflects a remarkable year of business transformation.
“Every interaction with our customers is an opportunity to make someone feel seen, supported, and valued,” said Ryan Rogers, CEO of Mary Kay Inc. “Climbing to the No. 2 spot in the Forbes ranking is a strong validation of our people-powered culture and demonstrates the significance of what we can accomplish together. It speaks to the second-to-none reputation of our Independent Beauty Consultants, the passion of our customer service teams, and company values built on service and making time for others. That foundation is what inspires us to consistently deliver unforgettable customer experiences through our tried-and-true products.”
“Our Best Customer Service list relies on 3.8 million customer ratings each year to capture how real users rate thousands of brands and products,” said Forbes Assistant Managing Editor Alan Schwarz, who oversees the annual list. “More than 3,500 different brands were reviewed. To even make the top 300 list is an achievement — Mary Kay placing No. 2 overall indicates just how highly its customers feel about the company."
The Forbes recognition is the latest of a series of reputation awards garnered by Mary Kay in 2025:
Corporate Excellence
- Forbes #2 | Best Customer Service list
- Newsweek | America’s Greatest Workplaces for Women 2025
- Newsweek | America’s Greatest Workplaces 2025
- WWD Beauty Inc. #11 | The 2024 Top 100 Beauty Companies
- Happi #13 | Top 50 U.S. Companies
- Forbes Diamonds 2025 – Mary Kay Poland
- EXPANSIÓN | 2025 Compliance Awards – Mary Kay Spain
- China Association for Business Culture | 2025 Enterprise of Excellence Award – Mary Kay China
Brand Performance
- Euromonitor International #1 | Direct Selling Brand of Skin Care and Color Cosmetics in the World1 for three consecutive years (2023, 2024, 2025)
- Euromonitor International #1 Brand of Facial Make-Up in Latin America2
- Euromonitor International #1 Brand of Lip Products in Latin America3
- Euromonitor International #1 Brand of Skincare and Color Cosmetics in Mexico4
- Euromonitor International #1 Brand of Color Cosmetics in Mexico5
- Nielsen | #1 Brand in Foundations in Brazil
- Nielsen | #1 Brand in Makeup in Brazil
- 2025 Superbrands | Mary Kay Slovakia and Mary Kay Czech Republic
Direct Selling & Innovation
- Respected Direct Selling Enterprise 2025 Award – Mary Kay China
- Direct Selling News (DSN) | 2025 DSN 40 Under 40: Megan Gregg for Legal Excellence
- Direct Selling News (DSN) | 2025 DSN 40 Under 40: Julia Santosuosso for Corporate Social Responsibility Impact
- German Direct Selling Association (BDD) | “2025 Innovation” Award for Mary Kay’s AI-powered Foundation Finder – Mary Kay Germany
Social Impact & Environmental Sustainability
- Forbes #9 | Best Brands for Social Impact list – 2025
- Golden Bee | 2025 Outstanding Corporate Sustainability Report for "Gender Equality Information Disclosure” Award – Mary Kay China
- Cemefi | Distintivo ESR® Socially Responsible Company (Empresa Socialmente Responsable) – Mary Kay Mexico (2024, 2025)
- The Dallas Entrepreneurship Center (DEC) Network State of Entrepreneurship | “Large Corporation of the Year” Award
- Baylor Scott & White Dallas Foundation | “Circle of Care” Award.
***
About Mary Kay
One of the original glass ceiling breakers, Mary Kay Ash founded her dream beauty brand in Texas in 1963 with one goal: to enrich women’s lives. That dream has blossomed into a global company with millions of independent sales force members in more than 40 markets. For over 60 years, the Mary Kay opportunity has empowered women to define their own futures through education, mentorship, advocacy, and innovation. Mary Kay is dedicated to investing in the science behind beauty and manufacturing cutting-edge skincare, color cosmetics, nutritional supplements, and fragrances. Mary Kay believes in preserving our planet for future generations, protecting women impacted by cancer and domestic abuse, and encouraging youth to follow their dreams. Learn more at marykayglobal.com. Find us on Facebook, Instagram, and LinkedIn, or follow us on X.
About Forbes
Forbes is an iconic global media brand that has symbolized success for over a century. Fueled by journalism that informs and inspires, Forbes spotlights the doers and doings shaping industries, achieving success and making an impact on the world. Forbes connects and convenes the most influential communities ranging from billionaires, business leaders and rising entrepreneurs to creators and innovators. The Forbes brand reaches more than 140 million people monthly worldwide through its trusted journalism, signature ForbesLive events and 49 licensed local editions in 81 countries.
###
1 “Source Euromonitor International Limited; Beauty and Personal Care 2025 Edition, value sales at RSP, 2024 data”
2 “Source Euromonitor International Limited; Beauty and Personal Care 2025 Edition, value sales at RSP, 2024 data”
3 “Source Euromonitor International Limited; Beauty and Personal Care 2025 Edition, value sales at RSP, 2024 data”
4 “Source Euromonitor International Limited; Beauty and Personal Care 2025 Edition, value sales at RSP, 2024 data”
5 “Source Euromonitor International Limited; Beauty and Personal Care 2025 Edition, value sales at RSP, 2024 data”
View source version on businesswire.com:
https://www.businesswire.com/news/home/20260210599426/en/
Contact
Mary Kay Inc. Corporate Communications
newsroom.marykay.com
972.687.5332 or media@mkcorp.com
Source : Mary Kay Inc.
PETRONAS Launches Malaysia Bid Round 2026, Strengthening Malaysia as Energy Investment Hub
KUALA LUMPUR, Feb 11 (Bernama) -- PETRONAS, through Malaysia Petroleum Management (MPM), yesterday launched the Malaysia Bid Round 2026 (MBR 2026), with the theme “Advantaged Energy: Accelerating and Shaping Tomorrow”, aiming at strengthening Malaysia’s position as a premium investment destination.
This year’s MBR introduces nine (9) exploration blocks across Malaysia. The portfolio presents a balanced mix of opportunities, featuring high-impact exploration block in the frontier Sandakan Basin, high-potential exploration blocks in the emerging West Sarawak Basin and near-field exploration blocks with new play ideas in the mature Malay Basin.
The bid round also includes six (6) Discovered Resource Opportunities (DRO) offering “ready-to-develop” pathways for monetisation. Investors and solutions providers are presented with opportunities to leverage on the extensive technical information, enabling resource development platform and phased-development options which provide ability for early monetisation and near-term value creation.
Senior Vice President of MPM, Datuk Ir. Bacho Pilong, said, “Malaysia’s energy demand will continue to grow and upstream industry will need to fulfil this demand to power our fast-growing digital economy and manufacturing backbone. The economic spin-off benefits also extend to downstream industries while providing feedstock to many others. To fuel Malaysia’s upstream engine with a steady flow of opportunities, we require upstream investment in the tune of RM 50-60 billion each year.”
The MBR 2026 launch also demonstrated strong industry momentum and ecosystem activation, with strategic partnerships and development milestones announced in parallel with the bid round offering. Strengthening the investment landscape, PETRONAS signed a series of Memorandum of Understanding (MoUs), underscoring industry confidence and reinforcing Malaysia as high-growth energy hub. Notably, MoUs with Global FCNG, Inc, ZDA Corporation Sdn. Bhd. and MTC Engineering Sdn. Bhd. broaden the scope of partnership opportunities and enhance Malaysia’s technology‑driven solutions ecosystem.
Advancing its energy transition and CCUS ambitions, PETRONAS is also expanding collaboration beyond traditional PSC boundaries through the Borderless initiative through Memorandum of Agreement with PETRONAS Carigali Sdn. Bhd. and Hibiscus Oil & Gas Malaysia Limited. Leveraging the CBijak Malaysia Landscape framework, the initiative integrates workplans across the PSCs, offshore Malaysia, further optimising resource development and enhancing commercially viable CO2 management solutions.
Together, these developments reinforce Malaysia’s position as a premium upstream destination where regulatory clarity, resource potential, and ecosystem collaboration converge to create sustained value in delivering both energy security and transition readiness.
The MBR 2026 virtual data room is now officially open. For more details, visit http://www.malaysiabidround.com to explore the full suite of offerings. Additionally, subscribe to PETRONAS myPROdata at https://www.petronas.com/myprodata/ for exclusive access to Malaysia Exploration & Production data and insights.
Photo link :
https://drive.google.com/drive/folders/1DRPJXecKBZwg3hhue1E2TATXTAMIB8LJ?usp=drive_link
Photo captions:
MBR 2026 Map : Malaysia Bid Round (MBR) 2026 offers 9 Exploration Blocks and 6 Discovered Resource Opportunities
MBR26_Photo 1: Malaysia Bid Round 2026 (MBR2026) introduces nine exploration blocks across Malaysia, and six Discovered Resource Opportunities (DRO) offering "ready-to-develop" pathways for monetisation.
MBR26_Photo 2: Malaysia Petroleum Management (MPM) Senior Vice President Datuk Ir. Bacho Pilong at the launch of the Malaysia Bid Round 2026 (MBR 2026).
MBR26_Photo 3: Malaysia Petroleum Management (MPM) Senior Vice President Datuk Ir. Bacho Pilong at the launch of the Malaysia Bid Round 2026 (MBR 2026).
Issued by
Media Management, Channels & Media Relations
Group Strategic Relations & Communications
PETRONAS
SOURCE: PETRONAS
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Hana Naz Harun
Tel: +6010-455 3378
Email: hananazsulaeeqa.haru@petronas.com
Name: Nabil Basaruddin
Tel: +6012-424 9750
Email: nabil.basaruddin@petronas.com
--BERNAMA
CLOUDERA POSTS STRONG FY26 RESULTS, ENTERS FY27 WITH AI PLATFORM MOMENTUM
KUALA LUMPUR, Feb 11 (Bernama) -- Cloudera, the data and artificial intelligence (AI) platform company, has reported strong results for fiscal year 2026 (FY26) driven by solid growth, customer wins, expanded partnerships, and continued innovation.
The company closed FY26 with a strong fourth quarter, recording more than 50 per cent year-over-year growth in new and expansion business, robust annual recurring revenue growth, and over 100 per cent new logo growth in the fourth quarter across all regions.
Beginning fiscal year 2027 (FY27) with its annual Sales Kick-Off event, ELEVATE27, Cloudera said the results reflect rising enterprise demand for flexible and secure data and AI platforms that operate seamlessly across clouds, data centres and edge environments.
“This was a defining year for Cloudera. We delivered strong performance, expanded our ecosystem, and continued to innovate across our platform, all while staying true to our mission of bringing AI to data anywhere.
“As enterprises increasingly demand secure, flexible AI across all their environments, Cloudera is uniquely positioned to help them turn their data into trusted insights at scale. We are entering FY27 with strong momentum and an even stronger roadmap,” said Cloudera Chief Executive Officer, Charles Sansbury in a statement.
Cloudera said its momentum is underpinned by its ability to enable organisations to bring AI to data wherever it resides, helping enterprises unlock insights, strengthen security, improve efficiency and support mission-critical outcomes.
As its third acquisition in two years, the company’s acquisition of Taikun has strengthened its capabilities in managing Kubernetes and cloud infrastructure across hybrid and multi-cloud environments. The company also highlighted continued product innovation, including platform updates, enhancements to its open data lakehouse offering and new product releases.
In addition, Cloudera achieved several certifications for highly regulated industries and expanded its global partner ecosystem to help customers accelerate enterprise AI adoption, including collaborations with ServiceNow, Intel Corporation, Chainguard, Amazon Web Services and Dell Technologies.
The company’s performance and innovation were recognised with 45 global awards, alongside analyst recognition from The Forrester Wave. It also expanded its global footprint by opening new offices in San Jose and Saudi Arabia and hiring more than 570 employees across 30 countries.
Looking ahead, Cloudera will continue to invest in innovation across its data and AI portfolio. The company has already announced updates to its AI inferencing capabilities this year, extending them to on-premises data centres to support higher security requirements.
-- BERNAMA
The company closed FY26 with a strong fourth quarter, recording more than 50 per cent year-over-year growth in new and expansion business, robust annual recurring revenue growth, and over 100 per cent new logo growth in the fourth quarter across all regions.
Beginning fiscal year 2027 (FY27) with its annual Sales Kick-Off event, ELEVATE27, Cloudera said the results reflect rising enterprise demand for flexible and secure data and AI platforms that operate seamlessly across clouds, data centres and edge environments.
“This was a defining year for Cloudera. We delivered strong performance, expanded our ecosystem, and continued to innovate across our platform, all while staying true to our mission of bringing AI to data anywhere.
“As enterprises increasingly demand secure, flexible AI across all their environments, Cloudera is uniquely positioned to help them turn their data into trusted insights at scale. We are entering FY27 with strong momentum and an even stronger roadmap,” said Cloudera Chief Executive Officer, Charles Sansbury in a statement.
Cloudera said its momentum is underpinned by its ability to enable organisations to bring AI to data wherever it resides, helping enterprises unlock insights, strengthen security, improve efficiency and support mission-critical outcomes.
As its third acquisition in two years, the company’s acquisition of Taikun has strengthened its capabilities in managing Kubernetes and cloud infrastructure across hybrid and multi-cloud environments. The company also highlighted continued product innovation, including platform updates, enhancements to its open data lakehouse offering and new product releases.
In addition, Cloudera achieved several certifications for highly regulated industries and expanded its global partner ecosystem to help customers accelerate enterprise AI adoption, including collaborations with ServiceNow, Intel Corporation, Chainguard, Amazon Web Services and Dell Technologies.
The company’s performance and innovation were recognised with 45 global awards, alongside analyst recognition from The Forrester Wave. It also expanded its global footprint by opening new offices in San Jose and Saudi Arabia and hiring more than 570 employees across 30 countries.
Looking ahead, Cloudera will continue to invest in innovation across its data and AI portfolio. The company has already announced updates to its AI inferencing capabilities this year, extending them to on-premises data centres to support higher security requirements.
-- BERNAMA
VCI Global’s Portfolio Company Reveillon Group Enters Strategic Cooperation with NOWWA Coffee to Develop the Malaysian Market
Global Coffee Brand with 10,000+ Stores Worldwide Targets Scalable Expansion in Southeast Asia
KUALA LUMPUR, Malaysia, Feb 11 (Bernama-GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”) today announced that Reveillon Champ Sdn Bhd (“Reveillon Champ”), a subsidiary of VCI Global’s portfolio company Reveillon Group Limited (“Reveillon Group”), has entered a strategic cooperation with NOWWA Global HK Limited (“NOWWA Coffee”) to develop the Malaysian market. The agreement establishes a platform for potential broader expansion across Southeast Asia.
Founded in Shanghai in 2019, NOWWA Coffee has rapidly scaled into a global coffee chain with more than 10,000 stores across over 300 cities worldwide. The brand is recognized for its digital-first operating model, health-focused positioning, and strong engagement with younger urban consumers through lifestyle collaborations and product innovation.
Malaysia is increasingly viewed as a strategic entry point into Southeast Asia due to its expanding café culture, digitally connected consumer base, and role as a regional commercial hub. According to 17grambeans, the domestic coffee market is estimated at approximately US$1.1 billion and, based on industry revenue projections through 2030, implies an annual growth rate of about 6.1% compound annual growth rate (CAGR). Compared with several neighbouring ASEAN markets where café penetration is still developing, Malaysia offers a relatively mature consumer base while retaining strong growth momentum, making it a practical launchpad for broader regional market development.
Under the strategic cooperation, Reveillon Group expects to scale NOWWA Coffee to 200 stores across Malaysia within three years, utilizing a mix of flagship outlets, grab‑and‑go formats, and digitally optimized locations.
The cooperation combines NOWWA Coffee’s global brand ecosystem with Reveillon Group’s local market execution capabilities, while leveraging VCI Global’s AI-enabled platform to support data-driven expansion. Potential applications include site analytics, consumer insights, supply-chain optimisation, and precision marketing aimed at improving scalability, operational efficiency, and capital allocation discipline over time.
“Global consumer brands increasingly benefit from combining strong lifestyle positioning with AI-driven operational intelligence. Through this strategic cooperation, we aim to support disciplined Malaysia market development while building a scalable platform that could extend across Southeast Asia as opportunities mature,” said Dato’ Victor Hoo, Group Executive Chairman and CEO of VCI Global.
“Malaysia offers a compelling growth environment supported by urbanisation, digital adoption, and evolving lifestyle consumption trends. Our focus is to progressively establish market presence while creating optionality for future regional expansion,” said Alvin Wong, Executive Director of Reveillon Group.
The initiative aligns with VCI Global’s broader strategy of supporting scalable consumer-facing platforms through strategic cooperation, technology integration, and capital markets capabilities. Further updates on market development milestones, partnerships, and regional expansion initiatives may be announced in due course.
About VCI Global Limited
VCI Global Limited (NASDAQ: VCIG) is an AI-native operating platform designed to scale and optimize businesses through centralized intelligence, data, and capital discipline.
The Company operates a platform-based model in which subsidiaries, affiliates, and portfolio companies plug into VCI Global’s centralized AI, data, governance, and capital allocation systems, enabling faster execution, improved capital efficiency, and scalable growth across multiple industries.
VCI Global’s platform centralizes AI-enabled execution, standardized KPI frameworks, financial and governance controls, and strategic capital allocation, while operating businesses focus on revenue generation, customer relationships, and local execution.
The Company maintains exposure across advisory, AI, and digital infrastructure, digital assets, energy, automotive, and consumer sectors, and continuously evaluates opportunities to scale, spin off, divest, or discontinue businesses based on performance, scalability, and return on capital.
VCI Global’s platform-centric approach is designed to enhance productivity, improve IPO readiness, and unlock long-term value through disciplined growth and selective capital deployment.
For more information on the Company, please log on to https://v-capital.co/.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.
CONTACT INFORMATION:
For media queries, please contact:
VCI GLOBAL LIMITED
enquiries@v-capital.co
SOURCE: VCI Global Limited
KUALA LUMPUR, Malaysia, Feb 11 (Bernama-GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”) today announced that Reveillon Champ Sdn Bhd (“Reveillon Champ”), a subsidiary of VCI Global’s portfolio company Reveillon Group Limited (“Reveillon Group”), has entered a strategic cooperation with NOWWA Global HK Limited (“NOWWA Coffee”) to develop the Malaysian market. The agreement establishes a platform for potential broader expansion across Southeast Asia.
Founded in Shanghai in 2019, NOWWA Coffee has rapidly scaled into a global coffee chain with more than 10,000 stores across over 300 cities worldwide. The brand is recognized for its digital-first operating model, health-focused positioning, and strong engagement with younger urban consumers through lifestyle collaborations and product innovation.
Malaysia is increasingly viewed as a strategic entry point into Southeast Asia due to its expanding café culture, digitally connected consumer base, and role as a regional commercial hub. According to 17grambeans, the domestic coffee market is estimated at approximately US$1.1 billion and, based on industry revenue projections through 2030, implies an annual growth rate of about 6.1% compound annual growth rate (CAGR). Compared with several neighbouring ASEAN markets where café penetration is still developing, Malaysia offers a relatively mature consumer base while retaining strong growth momentum, making it a practical launchpad for broader regional market development.
Under the strategic cooperation, Reveillon Group expects to scale NOWWA Coffee to 200 stores across Malaysia within three years, utilizing a mix of flagship outlets, grab‑and‑go formats, and digitally optimized locations.
The cooperation combines NOWWA Coffee’s global brand ecosystem with Reveillon Group’s local market execution capabilities, while leveraging VCI Global’s AI-enabled platform to support data-driven expansion. Potential applications include site analytics, consumer insights, supply-chain optimisation, and precision marketing aimed at improving scalability, operational efficiency, and capital allocation discipline over time.
“Global consumer brands increasingly benefit from combining strong lifestyle positioning with AI-driven operational intelligence. Through this strategic cooperation, we aim to support disciplined Malaysia market development while building a scalable platform that could extend across Southeast Asia as opportunities mature,” said Dato’ Victor Hoo, Group Executive Chairman and CEO of VCI Global.
“Malaysia offers a compelling growth environment supported by urbanisation, digital adoption, and evolving lifestyle consumption trends. Our focus is to progressively establish market presence while creating optionality for future regional expansion,” said Alvin Wong, Executive Director of Reveillon Group.
The initiative aligns with VCI Global’s broader strategy of supporting scalable consumer-facing platforms through strategic cooperation, technology integration, and capital markets capabilities. Further updates on market development milestones, partnerships, and regional expansion initiatives may be announced in due course.
About VCI Global Limited
VCI Global Limited (NASDAQ: VCIG) is an AI-native operating platform designed to scale and optimize businesses through centralized intelligence, data, and capital discipline.
The Company operates a platform-based model in which subsidiaries, affiliates, and portfolio companies plug into VCI Global’s centralized AI, data, governance, and capital allocation systems, enabling faster execution, improved capital efficiency, and scalable growth across multiple industries.
VCI Global’s platform centralizes AI-enabled execution, standardized KPI frameworks, financial and governance controls, and strategic capital allocation, while operating businesses focus on revenue generation, customer relationships, and local execution.
The Company maintains exposure across advisory, AI, and digital infrastructure, digital assets, energy, automotive, and consumer sectors, and continuously evaluates opportunities to scale, spin off, divest, or discontinue businesses based on performance, scalability, and return on capital.
VCI Global’s platform-centric approach is designed to enhance productivity, improve IPO readiness, and unlock long-term value through disciplined growth and selective capital deployment.
For more information on the Company, please log on to https://v-capital.co/.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.
CONTACT INFORMATION:
For media queries, please contact:
VCI GLOBAL LIMITED
enquiries@v-capital.co
SOURCE: VCI Global Limited
Subscribe to:
Comments (Atom)