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OSV Sector Remains Bullish Due To Ongoing Supply Tightness -- Kenanga

KUALA LUMPUR, Dec 6 (Bernama) -- The Malaysian offshore supply vessel (OSV) sector, particularly the accommodation work barges (AWB) segment, is expected to remain bullish due to persistent vessel supply tightness from years of underinvestment, according to Kenanga Investment Bank Bhd.

AM Best Affirms Petrolimex Insurance Ratings With Stable Outlook

KUALA LUMPUR, Dec 6 (Bernama) -- Global credit rating agency, AM Best has affirmed Vietnam’s Petrolimex Insurance Corporation (PJICO) financial strength rating of B++ (good), the long-term issuer credit rating of “bbb” (good), and the country National Scale Rating (NSR) of aaa.VN (exceptional).

AWS: Malaysian Telecommunication Industry Urged To Embrace Gen-AI For Operational Optimisation

By Anas Abu Hassan

LAS VEGAS, Dec 5 (Bernama) -- The Malaysian telecommunications industry has been urged to accelerate the adoption of generative artificial intelligence (Gen-AI) over the next couple of years to enhance and optimise operations, according to Amazon Web Services Inc (AWS).

Restructuring Of DFIs In Line With National Agenda, To Strengthen Govt Institutions

KUALA LUMPUR, Dec 5 (Bernama) -- The restructuring of the Development Financial Institutions (DFIs) involving Bank Pembangunan Malaysia Bhd (BPMB), Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank), and Export-Import Bank of Malaysia Bhd (EXIM Bank) is in line with the national agenda to implement reforms and strengthen government-owned institutions, said the Ministry of Finance (MoF).

No Major Changes In Us-Malaysia Economic Relations - Ambassador

GEORGE TOWN, Dec 5 (Bernama) -- There will not be any major changes in the economic relations between the United States (US) and Malaysia under the new leadership, said US Ambassador to Malaysia Edgard D Kagan.

UOB: ASEAN-6 To Outpace Global GDP Growth In 2025 Amid Supply Chain Shifts, Investment Opportunities

KUALA LUMPUR, Dec 5 (Bernama) -- United Overseas Bank (UOB) forecasts that ASEAN-6 economic growth will reach 4.8 per cent in 2025, surpassing the projected global average gross domestic product (GDP) growth of 3.2 per cent.

Govt To Study Portability Of Medical Insurance, Takaful Products - Lim

KUALA LUMPUR, Dec 5 (Bernama) -- The government will study the feasibility of the proposed portability of medical and health insurance/takaful (MHIT) products to ensure continuous and effective access to care, said Deputy Finance Minister Lim Hui Ying. 

Ensure Budget And Economic Growth Benefits Reach Grassroots - PM Anwar

PUTRAJAYA, Dec 5 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim said the country's budget and development framework is aimed at not only driving economic growth but also ensuring that its benefits reach the grassroots level.

No Proposal For Malaysia To Join New Development Bank So Far -- MITI

KUALA LUMPUR, Dec 5 (Bernama) -- There has been no proposal so far for Malaysia to join the New Development Bank (NDB), according to the Ministry of Investment, Trade and Industry (MITI).

Cogeneration Systems Boost Energy Efficiency By Over 70 Pct, Support Sustainability

KUALA LUMPUR, Dec 4 (Bernama) -- Cogeneration systems, which simultaneously produce electricity and useful heat from the same energy source, can boost energy efficiency by more than 70 per cent, resulting in substantially saving energy costs and contributing to long-term environmental sustainability.

Kioxia UFS 4.0 Flash Obtains Automotive SPICE CL2 Certification, Setting Industry Benchmark  

KUALA LUMPUR, Dec 4 (Bernama) -- Kioxia Corporation, a world leader in memory solutions, has received Automotive Software Process Improvement and Capability dEtermination (ASPICE) Capability Level 2 (CL2) certification for its Universal Flash Storage (UFS) Ver. 4.0 embedded flash memory devices designed for automotive applications.

Koprojaya Focusing On Strategic Investments To Sustain Its Future

By Norsyafawati Ab Wahab

KUALA LUMPUR, Dec 3 (Bernama) -- Koperasi Profesional Putrajaya Bhd (Koprojaya), a cooperative for young civil servants, is focusing on strategic investments to sustain its future, as well as providing investment benefits and attractive business opportunities to its members.