Primer Secures US$100 Mln Funding For AI, US Expansion

KUALA LUMPUR, May 20 (Bernama) -- Primer, the unified infrastructure for global payments, has secured a US$100 million Series C funding round as it expands its artificial intelligence (AI)-enabled operating layer for global payments and finance. (US$1=RM3.97)

Samsung Bioepis Launches First Product In Japan Under NIPRO Partnership

KUALA LUMPUR, May 20 (Bernama) -- Samsung Bioepis Co Ltd has launched Ustekinumab BS 45 mg Syringe for S.C. Injection「 NIPRO」, a biosimilar referencing Stelara (ustekinumab), marking its first product launch in Japan with NIPRO Corporation (NIPRO).

Bursa Malaysia Closes Lower Amid Weak Global Risk Sentiment

KUALA LUMPUR, May 20 (Bernama) -- Bursa Malaysia ended lower on Wednesday, as weakening global risk sentiment weighed on investor confidence, an economist said.

Gold Remains Relevant As Investments Despite Weakening Correlation With Currencies

KUALA LUMPUR, May 20 (Bernama) -- Precious metals such as gold and silver continue to play an important role as an investment strategy for hedging against uncertain economic situations, even though the inverse correlation between currencies and gold movements has changed, especially over the past three years.

Material Appoints Ranjan Kalia As CFO

KUALA LUMPUR, May 20 (Bernama) -- Material Plus Holdings LLC (Material), an intelligent growth company, has appointed Ranjan Kalia as Chief Financial Officer (CFO), bringing strong global finance leadership to support clients for future growth.

Bursa Malaysia Ends Marginally Lower As Investors Turn Defensive

KUALA LUMPUR, May 19 (Bernama) -- Bursa Malaysia ended marginally lower on Tuesday as investors adopted a more defensive stance amid escalating geopolitical tensions and softer regional risk sentiment. 

ITC Infotech, InsureMO Form Alliance To Drive Agentic AI Modernisation In Insurance 

KUALA LUMPUR, May 19 (Bernama) -- ITC Infotech, a global technology services and solutions provider, and InsureMO have formed a strategic alliance to help insurers accelerate modernisation through agentic artificial intelligence (AI), initially targeting markets in the Middle East, Africa and India.

Mavenir Enables Telefónica Germany’s First Public Cloud IMS Migration

KUALA LUMPUR, May 19 (Bernama) -- Mavenir, the software company, announced that Telefónica Germany has successfully migrated the first 100,000 mobile customers to 4G/5G voice services on Mavenir’s cloud-native IMS solution built on the Amazon Web Services (AWS) Cloud.

Bursa Malaysia Ends At Intraday Low, Tracking Weak Regional Sentiment

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, May 18 (Bernama) -- Bursa Malaysia ended at its intraday low on Monday, in line with the broader regional risk-off tone as selling pressure spread across key index heavyweights, dragging all major indices into negative territory amid cautious regional sentiment and softer global risk appetite. 

Modon, Montage To Launch First Branded Residences In Egypt’s Ras El Hekma 

KUALA LUMPUR, May 18 (Bernama) -- Abu Dhabi-based Modon Holding and Montage Hotels & Resorts announced the launch of Montage Ras El Hekma, introducing the first branded residences for purchase at Ras El Hekma on Egypt’s Mediterranean coast.

​​​​​​​Malaysia Well-positioned To Gain From Global Supply Chain Shift -- Apex Securities

KUALA LUMPUR, May 18 (Bernama) -- Malaysia is well-positioned to benefit from the ongoing global supply chain restructuring as multinational corporations continue diversifying operations beyond China and Taiwan amid persistent geopolitical tensions, according to Apex Securities Bhd.

Omantel Unveils AI Centre of Excellence, AI Startups Program

KUALA LUMPUR, May 18 (Bernama) -- Omantel has launched its AI Centre of Excellence aimed at accelerating adoption of artificial intelligence (AI) technologies and supporting the development of scalable digital products across multiple sectors.