Sufficient water supply during drought in Selangor - MB [ 5h ago ]

EXCLUSIVE PRESS News List

PETRONAS Inks Heads of Agreement with PETROVIETNAM for the Sales and Purchase of Additional Gas from Malaysia to Vietnam

KUALA LUMPUR, March 21 (Bernama) -- Petroliam Nasional Berhad (PETRONAS) recently signed a binding Heads of Agreement (HoA) with Vietnam Oil and Gas Group (PETROVIETNAM) for the sales and purchase of additional gas from Block PM3 CAA, Malaysia to Ca Mau Province, Vietnam, in support of the country’s plan to spur its economic growth in its South West region.

The HoA was signed on 15 March 2019 at the Gem Centre in Ho Chi Minh, Vietnam. Signing on behalf of PETRONAS was Vice President of Malaysia Petroleum Management (MPM), Muhammad Zamri Jusoh while PETROVIETNAM was represented by its Vice President, Nguyen Quoc Thap.

BeyondTrust Recognised As A March 2019 Gartner Peer Insights Customers' Choice For Privileged Access Management Market

SINGAPORE, March 21 (Bernama) --

- The Gartner Peer Insights Customers' Choice Distinction is based on feedback and ratings from end-user professionals who have experience purchasing, implementing and using BeyondTrust products.
- As of March 19, 2019, BeyondTrust has an end-user review overall rating of 4.5 out of 5 in the Privileged Access Management market, with 86% of reviewers noting a "Willingness to Recommend," based on 165 verified reviews.

BeyondTrust, the worldwide leader in Privileged Access Management, today announced it has been named a March 2019 Gartner Peer Insights Customer's Choice for Privileged Access Management solutions. The Gartner Peer Insights Customers' Choice is based on recognitions of vendors submitted by verified end-user professionals and considers both the number of customer reviews and the overall user ratings. 

AXA Collaborates With Yayasan Jantung Malaysia To Create Awareness On Cardiovascular Disease Through Go Red For Women Campaign

KUALA LUMPUR, March 20 (Bernama) -- AXA Affin General Insurance Berhad (AAGI) continues its commitment to empower people to live a better life by partnering with Yayasan Jantung Malaysia (YJM) in Go Red for Women campaign.

There is a common misconception that the leading cause of death for women in the world today is gender-specific diseases such as breast cancer, ovarian cancer or cervical cancer. But every year, over 8.6 million women globally die of heart disease and stroke. This is more prevalent than all cancers, tuberculosis, HIV/AIDS and malaria combined and yet most heart disease and stroke are preventable.

Selangor State Investment Performance for year 2018

SHAH ALAM, March 20 (Bernama) -- Selangor State Government through Invest Selangor Berhad successfully organized a Press Conference on the ‘Selangor State Investment Performance For Year 2018’ held at Lobby Dewan Annex, Bangunan Annex, Bangunan Dewan Negeri Selangor, Shah Alam, Selangor, today.

‘Selangor State Investment Performance For Year 2018’, was officially announced by Y.A.B Tuan Amirudin bin Shari, Dato’ Menteri Besar Selangor (Chief Minister of Selangor) at this press conference which mentioned the performance of Selangor State Investment for 2018 as a whole, was very good and historic for the state of Selangor and Invest Selangor Berhad. Achievement of Investment Performance for year 2018 not only exceeds the target but setting a new record in more than 30 years.

SmartStream Partners with Cassini Systems to Help Firms Meet Uncleared Initial Margin Obligations

LONDON, March 20 (Bernama) -- SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announced its partnership with Cassini Systems, the leading provider of pre and post trade margin analytics for buy side derivatives trading, to help financial institutions comply with BCBS-IOSCO margin requirements for uncleared OTC derivatives.

BCBS-IOSCO defines rules for margin requirements on Uncleared Over-the-Counter (OTC) derivatives known as Uncleared Margin Rules (UMR). ISDA has developed a Standard Initial Margin Model (SIMM) that can be used by market participants to provide a transparent and standardised margin methodology of bi-lateral trades. The roll out of UMR rules has now reached the buy side with phase 4 firms coming into scope in September 2019, and phase 5 firms in September 2020.

Saturna Sdn Bhd Names New President

KUALA LUMPUR, Malaysia, March 20 (Bernama) -- Saturna Sdn Bhd, a wholly-owned subsidiary of US-based Saturna Capital Corporation, recently announced the appointment of Shahariah Shaharudin as its new president. Ms. Shaharudin is filling the position previously held by Monem Salam who has returned to Saturna’s U.S. office.

“We are excited that Shaha will lead our organization in Malaysia,” said Monem Salam, executive vice president and fund manager of Saturna Capital. “Her deep experience in this market will ensure that Saturna continues to innovate and remain on the cutting edge of both Islamic and sustainable investing, proving, over the long run, that the combination of these two styles is a win-win for investors.”

Global Business Services (GBS) Industry Will Be Adversely Impacted By Curtailing Highly Skilled Expatriates Into The Country

PETALING JAYA, March 20 (Bernama) -- Recent announcement by the Human Resources Minister YB. M Kulasegaran to abolish the Category II and Category III employment passes for expatriates has caused major concerns to the Global Business Services industry. This will impact the industry as the skill sets required by the GBS industry are multi facet, highly skills, highly specialized and niche, say Cheah Kok Hoong, Chairman of Outsourcing Malaysia (OM) a chapter of The National ICT Association of Malaysia (PIKOM). OM chapter represents the GBS community in driving, promoting and developing Malaysia’s business services industry. 

The GBS industry in Malaysia is estimated to be USD 6 billion at the CAGR of 10%15% per annum and employing more than 100,000 jobs.  A.T Kearney has also ranked Malaysia in third place consistently since 2007 behind India and China in the Global Services Location Index (GSLI) for offshoring destination of choice. Albeit being a smaller economy and population size to India and China, Malaysia has clear competitive advantages in terms of political stability, strategic locality, relatively lower cost of doing business, and multilingual and cultural environment.