KUALA LUMPUR, April 4 (Bernama) – Quantexa, a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced it has completed a US$129 million Series E funding round. (US$1= RM4.40)
According to Quantexa in a statement, the latest investment round secures the British tech company’s unicorn status with a valuation of US$1.8 billion. This new capital will ensure the company continues to grow its global presence and invest in its world-class engineering talent.
Quantexa Chief Executive Officer, Vishal Marria said: “After closing our Series D investment round, Quantexa has been on a transformational journey, accelerating the growth of our global software business and firmly establishing our leadership position in the emerging DI category.
“It is a real testament to our vision and trajectory to have such a significant contribution from our new investor, GIC and the majority of our Series D investors, in our latest round.”
The round was led by GIC, a global institutional investor, and existing investors also participated, including Warburg Pincus, Dawn Capital, British Patient Capital, Evolution Equity Partners, HSBC, BNY Mellon, ABN AMRO Ventures and AlbionVC.
This investment comes less than 18 months after Quantexa closed its US$157 million Series D funding round in July 2021 and just weeks after its acquisition of Aylien, a Dublin-based leader in natural language processing (NLP) and advanced artificial intelligence (AI).
Quantexa also plans to use the funding to boost technology innovation efforts and strengthen its DI Platform capabilities in low-code data fusion, graph analytics, machine learning (ML), NLP and AI.
Additionally, Quantexa will increase focus on accelerating joint go-to-market efforts with its flagship partners which include Google, Moody’s, Accenture, KPMG, Deloitte and Ernst and Young.
Deployed in more than 70 countries, Quantexa’s growing customer-base includes BNY Mellon, HSBC, Standard Chartered, Danske Bank, Vodafone and The Public Sector Fraud Authority in the United Kingdom Cabinet Office.
-- BERNAMA
Tuesday, April 4, 2023
ALLIANZ MALAYSIA CELEBRATES IWD BY WORKING WITH PEWTER AT ROYAL SELANGOR
KUALA LUMPUR, April 4 (Bernama) -- Allianz Malaysia Berhad (Allianz Malaysia) celebrated International Women’s Day by bringing employees to the Royal Selangor Visitor Centre for a fun time working with pewter. The event included workshops to create a pewter dish at the School of Hard Knocks and a pewter accessory at The Foundry. Participants enjoyed a guided tour of the centre and received an apron and a certificate. Allianz Malaysia Chief Executive Officer, Sean Wang, said: “It’s wonderful to be celebrating International Women’s Day with our employees again. To thank and recognise the women in our company for their hard work and dedication. This year, we’re doing this a little differently by getting them out of the office and into a pewter workshop where they can flex their muscle, be creative and take home some nice mementos!”About Allianz in Malaysia
The investment holding company, Allianz Malaysia Berhad, a subsidiary of Allianz SE, has two insurance subsidiaries - Allianz General Insurance Company (Malaysia) Berhad (“Allianz General”) and Allianz Life Insurance Malaysia Berhad (“Allianz Life”).
Allianz General is one of the leading general insurers in Malaysia and has a broad spectrum of services in personal lines, small to medium enterprise business and large industrial risks. The GWP for general insurance business for financial year 2022 reached a mark of RM2.66 billion. Allianz Life offers a comprehensive range of life and health insurance and investment-linked products and for the financial year 2022, Allianz Life recorded a GWP of RM3.37 billion and is one of the fastest growing life insurers in Malaysia.
Allianz Malaysia has 31 branches nationwide.
In 2021, Allianz Malaysia won The Edge Billion Ringgit Club (BRC) Financial Services (below RM10 billion market capitalisation) award for the highest growth in profit after tax (PBT) over three years. The Company also bagged the Malaysia International Business Awards 2021 (Life Insurance category) and three awards at the Global Banking & Finance Awards: Insurance Brand of the Year Malaysia 2021; Best General Insurance Product Malaysia 2021; and Best Insurance Social Media Engagement Malaysia 2021.
To learn more about Allianz Malaysia, visit allianz.com.my
Facebook: facebook.com/AllianzMalaysia/
Instagram: instagram.com/allianzmalaysia/
LinkedIn: linkedin.com/company/allianzmalaysia/
About Allianz
The Allianz Group is one of the world's leading insurers and asset managers with more than 122 million* private and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life, and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 683 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 1.6 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2022, over 159,000 employees achieved total revenues of 152.7 billion euros and an operating profit of 14.2 billion euros for the group.
*Including non-consolidated entities with Allianz customers.
** As of December 31, 2022
SOURCE : Allianz Malaysia Berhad
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Shamala Gopalan
Group Head
Corporate Communications Department
Allianz Malaysia Berhad
Tel: 016.285.0685
Email: shamala.gopalan@allianz.com.my
Name: Gary Mark Nagan
Manager
Corporate Communications Department
Allianz Malaysia Berhad
Tel: 012.367.1450
Email: gary.nagan@allianz.com.my
--BERNAMA
The investment holding company, Allianz Malaysia Berhad, a subsidiary of Allianz SE, has two insurance subsidiaries - Allianz General Insurance Company (Malaysia) Berhad (“Allianz General”) and Allianz Life Insurance Malaysia Berhad (“Allianz Life”).
Allianz General is one of the leading general insurers in Malaysia and has a broad spectrum of services in personal lines, small to medium enterprise business and large industrial risks. The GWP for general insurance business for financial year 2022 reached a mark of RM2.66 billion. Allianz Life offers a comprehensive range of life and health insurance and investment-linked products and for the financial year 2022, Allianz Life recorded a GWP of RM3.37 billion and is one of the fastest growing life insurers in Malaysia.
Allianz Malaysia has 31 branches nationwide.
In 2021, Allianz Malaysia won The Edge Billion Ringgit Club (BRC) Financial Services (below RM10 billion market capitalisation) award for the highest growth in profit after tax (PBT) over three years. The Company also bagged the Malaysia International Business Awards 2021 (Life Insurance category) and three awards at the Global Banking & Finance Awards: Insurance Brand of the Year Malaysia 2021; Best General Insurance Product Malaysia 2021; and Best Insurance Social Media Engagement Malaysia 2021.
To learn more about Allianz Malaysia, visit allianz.com.my
Facebook: facebook.com/AllianzMalaysia/
Instagram: instagram.com/allianzmalaysia/
LinkedIn: linkedin.com/company/allianzmalaysia/
About Allianz
The Allianz Group is one of the world's leading insurers and asset managers with more than 122 million* private and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life, and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 683 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 1.6 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2022, over 159,000 employees achieved total revenues of 152.7 billion euros and an operating profit of 14.2 billion euros for the group.
*Including non-consolidated entities with Allianz customers.
** As of December 31, 2022
SOURCE : Allianz Malaysia Berhad
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Shamala Gopalan
Group Head
Corporate Communications Department
Allianz Malaysia Berhad
Tel: 016.285.0685
Email: shamala.gopalan@allianz.com.my
Name: Gary Mark Nagan
Manager
Corporate Communications Department
Allianz Malaysia Berhad
Tel: 012.367.1450
Email: gary.nagan@allianz.com.my
--BERNAMA
HUAWEI 2022 ANNUAL REPORT INDICATES STEADY OPERATIONS
KUALA LUMPUR, April 3 (Bernama) -- Huawei has released its 2022 Annual Report, reporting steady operations throughout 2022, having generated 642.3 billion Chinese Yuan in revenue and 35.6 billion Yuan in net profits. (100 Yuan = RM64.21)
Huawei continues to strengthen investment in R&D, with an annual expenditure of 161.5 billion Yuan in 2022, representing 25.1 per cent of the company's annual revenue and bringing its total R&D expenditure over the past 10 years to more than 977.3 billion Yuan.
"In 2022, a challenging external environment and non-market factors continued to take a toll on Huawei's operations", said Eric Xu, Huawei's Rotating Chairman, at the company's annual report press conference, according to a statement.
"In the midst of this storm, we kept racing ahead, doing everything in our power to maintain business continuity and serve our customers. We also went to great lengths to grow the harvest – generating a steady stream of revenue to sustain our survival and lay the groundwork for future development.
“2023 will be crucial to Huawei's sustainable survival and development. While it's true that we have considerable pressure ahead of us, we have what it takes to come out the other end – with opportunities to grow, a resilient business portfolio, a unique competitive edge, the enduring trust of our customers and partners, and the courage to invest heavily in R&D.”
In 2022, revenue from Huawei's carrier, enterprise, and consumer businesses was 284 billion Yuan, 133.2 billion Yuan, and 214.5 billion Yuan, respectively.
Huawei is a strong proponent of growing together with its ecosystem partners, and believes that openness and collaboration lead to shared success.
The company has continued to open up its platform capabilities across its HarmonyOS, Kunpeng, Ascend, and cloud portfolio, focusing on improving developer experience as well as enabling and supporting its ecosystem partners on all fronts.
-- BERNAMA
Monday, April 3, 2023
2023 DIGITAL THERAPEUTICS ALLIANCE INAUGURAL SUMMIT: DTX INDUSTRY LEADERS GATHER TO TRANSFORM GLOBAL HEALTHCARE
Held at the Washington D.C. Marriott at Metro Center June 7 - 9, 2023.The 3-day Summit programming will be facilitated by leaders from all facets of the DTx industry, including policymakers, manufacturers, payors, and other experts to guide innovation and equity in healthcare.
Arlington, VA, March 31 (Bernama-GLOBE NEWSWIRE) -- The Digital Therapeutics Alliance (DTA) is hosting its Inaugural Summit on June 7-9, 2023 at the Washington Marriott at Metro Center. Leaders from all facets of the digital therapeutics (DTx) ecosystem, including policymakers, clinicians, and payors, will join DTA members to discuss the challenges and opportunities of DTx integration into the healthcare system and identify optimized policy, reimbursement, and regulatory pathways to accelerate adoption.The 3-day Summit programming will be facilitated by Andy Molnar, Chief Executive Officer of DTA, and feature keynote presentations, panel discussions, and interactive sessions that cover the advancement of DTx, the impact of healthcare policy, reimbursement and regulatory pathways, clinical evidence requirements, and patient access optimization.
DTA’s Chief Executive Officer, Andy Molnar states: “We are here to transform healthcare and deliver a new category of medicine to patients to improve their lives. The 2023 DTA Inaugural Summit brings together the leaders in healthcare innovation that are making these monumental changes. We are building viable frameworks with partners from Capitol Hill, the investment ecosystem, clinicians, health plans, patients, and caregivers.”
Friday, March 31, 2023
HONG KONG TRADE DEVELOPMENT COUNCIL HOSTS 5 LIFESTYLE PRODUCT SHOWS, APRIL 19-22
 |
| HKTDC Five Lifestyle Product Shows Open in April 2023 (Photo: Business Wire) |
KUALA LUMPUR, March 31 (Bernama) -- The Hong Kong Trade Development Council (HKTDC) will organise five lifestyle product shows on April 19-22, under one roof at the Hong Kong Convention and Exhibition Centre (HKCEC).
The shows are Hong Kong Gifts & Premium Fair; Home InStyle; Hong Kong International Home Textiles and Furnishings Fair; Fashion InStyle; and Hong Kong International Printing & Packaging Fair, according to HKTDC in a statement.
The HKTDC’s online smart business matching platform, Click2Match, will run from April 19-29, providing a convenient and efficient platform for traders to connect beyond physical fairs, while the new EXHIBITION+ hybrid model reinvents trade fairs to serve global traders anytime and anywhere.
The fairs will offer an ideal one-stop sourcing platform with a total of over 3,500 global exhibitors, whereby the Hong Kong Gifts & Premium Fair provides an excellent platform for industry professionals to explore the latest trends and innovations in the gifts and premium industry.
Hong Kong Houseware Fair renamed as Home InStyle enables exhibitors and buyers to explore the latest houseware trends, source smart and unique home designs and products, while Hong Kong International Home Textiles and Furnishings Fair showcases a broad array of home textiles and furnishings.
In addition, Hong Kong Fashion Week renamed as Fashion InStyle serves as an ideal business platform for the fashion and textile industry's entire supply chain; and Hong Kong International Printing & Packaging Fair showcases a wide range of professional printing and digital printing solutions, along with innovative packaging designs and services.
With a wide variety of products and trends on display, these fairs provide an excellent opportunity for traders to build relationships, explore new business opportunities and expand their networks.
-- BERNAMA
HITACHI ENERGY, PETROFAC ACQUIRE 13 BLN EUROS WORTH FRAMEWORK AGREEMENT
KUALA LUMPUR, March 31 (Bernama) – Hitachi Energy and Petrofac, have been selected by TenneT, the Dutch-German transmission system operator, to supply multiple offshore and onshore high-voltage direct current (HVDC) converter stations and associated infrastructure to accelerate the integration of bulk renewables into European power grids.
Having begun working together in June 2022, Hitachi Energy and Petrofac were awarded the multi-year framework agreement as part of TenneT’s ambitious offshore wind "2GW Program”, based on HVDC technology pioneered by Hitachi Energy.
Hitachi Energy Grid Integration business Managing Director, Niklas Persson said this innovative business model will set the course for the integration of a huge amount of offshore wind power and gives visibility of the future.
“We are proud to be part of this journey and, along with our partner Petrofac, we are setting the benchmark for deploying offshore HVDC technology at scale and with speed,” he said in a statement.
Meanwhile, Petrofac Group Chief Executive, Sami Iskander said: “By combining Petrofac’s industry-leading EPCI expertise and Hitachi Energy’s well proven technology, we look forward to supporting TenneT to connect larger, more effective wind farms to deliver affordable clean energy for millions of European homes.”
The agreement includes an initial commitment to deploy six record-breaking renewable integration systems, five of which will connect offshore wind farms to the Dutch grid and the sixth to the German grid. Each of these connection systems has a capacity of two gigawatts (GW) and a voltage level of 525 kilovolts (kV), a world-first for offshore wind.
This landmark framework agreement is the largest ever for Hitachi Energy, allowing Hitachi Energy and Petrofac to plan in advance and increase their workforce and manufacturing capacity timely as well as train people to have the skills needed in the industry while also capturing synergies between successive projects to meet the in-service dates.
Hitachi Energy will supply its HVDC Light converter stations, which convert alternating current (AC) to direct current (DC) power offshore and DC to AC onshore, while Petrofac will undertake the engineering, procurement, construction and installation (EPCI) of the offshore platforms and elements of the onshore converter stations.
The first contract under the framework, for the Ijmuiden Ver Alpha project, was awarded with immediate effect, and the second, Nederwiek 1, is expected to be awarded later in the year. The framework also includes projects Doordewind 1, Doordewind 2, Nederwiek 3 and LanWin5, expected to be awarded over a 2024-2026 timeframe.
-- BERNAMA
Having begun working together in June 2022, Hitachi Energy and Petrofac were awarded the multi-year framework agreement as part of TenneT’s ambitious offshore wind "2GW Program”, based on HVDC technology pioneered by Hitachi Energy.
Hitachi Energy Grid Integration business Managing Director, Niklas Persson said this innovative business model will set the course for the integration of a huge amount of offshore wind power and gives visibility of the future.
“We are proud to be part of this journey and, along with our partner Petrofac, we are setting the benchmark for deploying offshore HVDC technology at scale and with speed,” he said in a statement.
Meanwhile, Petrofac Group Chief Executive, Sami Iskander said: “By combining Petrofac’s industry-leading EPCI expertise and Hitachi Energy’s well proven technology, we look forward to supporting TenneT to connect larger, more effective wind farms to deliver affordable clean energy for millions of European homes.”
The agreement includes an initial commitment to deploy six record-breaking renewable integration systems, five of which will connect offshore wind farms to the Dutch grid and the sixth to the German grid. Each of these connection systems has a capacity of two gigawatts (GW) and a voltage level of 525 kilovolts (kV), a world-first for offshore wind.
This landmark framework agreement is the largest ever for Hitachi Energy, allowing Hitachi Energy and Petrofac to plan in advance and increase their workforce and manufacturing capacity timely as well as train people to have the skills needed in the industry while also capturing synergies between successive projects to meet the in-service dates.
Hitachi Energy will supply its HVDC Light converter stations, which convert alternating current (AC) to direct current (DC) power offshore and DC to AC onshore, while Petrofac will undertake the engineering, procurement, construction and installation (EPCI) of the offshore platforms and elements of the onshore converter stations.
The first contract under the framework, for the Ijmuiden Ver Alpha project, was awarded with immediate effect, and the second, Nederwiek 1, is expected to be awarded later in the year. The framework also includes projects Doordewind 1, Doordewind 2, Nederwiek 3 and LanWin5, expected to be awarded over a 2024-2026 timeframe.
-- BERNAMA
Thursday, March 30, 2023
CHIBA PREFECTURE PUBLISHES ONLINE BROCHURE FOR STRAWBERRY PICKING FARMS
KUALA LUMPUR, March 30 (Bernama) -- Chiba Prefecture has published an online brochure for strawberry picking farms in the prefecture which are easily accessed from Narita International Airport.
According to Chiba Prefectural Government in a statement, the brochure contains information on various strawberries and picking know-how to enjoy fresh strawberries of the visitor's choice.
In addition, Chiba Prefecture also welcomes foreign tourists through Narita International Airport, which is located within the Prefecture.
As agriculture, forestry and fishery are major industries in Chiba Prefecture, there are many facilities offering hands-on experiences for each sector.
-- BERNAMA
According to Chiba Prefectural Government in a statement, the brochure contains information on various strawberries and picking know-how to enjoy fresh strawberries of the visitor's choice.
In addition, Chiba Prefecture also welcomes foreign tourists through Narita International Airport, which is located within the Prefecture.
As agriculture, forestry and fishery are major industries in Chiba Prefecture, there are many facilities offering hands-on experiences for each sector.
-- BERNAMA
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