Core banking firm expands product compatibility, now runs on Google Cloud, Amazon Web Services, Microsoft Azure, IBM Cloud, as well as on premise or as Hybrid Cloud using OpenShift from Red Hat LONDON, June 29 (Bernama-BUSINESS WIRE) — Thought Machine, the cloud native core banking technology firm, has today announced that…

KUALA LUMPUR, June 29 (Bernama) — AMMB Holdings Berhad (AmBank Group or the Group) today announced its financial results for the financial year ended 31 March 2020 (FY20). Summary of FY20 Results¹ • Total income rose 7.8% to RM4,227.2 million, as a result of net interest income (NII) growth of 7.5%…

PETALING JAYA, June 29 (Bernama) — The COVID-19 pandemic has significantly impacted Malaysia’s economic growth and employment rates, with Department of Statistics Malaysia (DOSM) statistic indicating that the unemployment rate had spiked by 5 percent with 778,800 persons unemployed as at April 2020. The challenging economic conditions have directly led to…

PITTSBURGH, PA, June 29 (Bernama-GLOBE NEWSWIRE) — • New production line will increase capacity by 50 million pounds of granular activated carbon per year  ​• Expansion estimated for completion in late-2022  • Creates 38 new jobs  Calgon Carbon Corporation today announced that it intends to expand capacity at its Pearlington,…

KUALA LUMPUR, June 29 (Bernama) — The Life Insurance Association of Malaysia (LIAM) has re-elected Ms Loh Guat Lan, Chief Executive Officer of Hong Leong Assurance Berhad as LIAM President at its 46th Annual General Meeting held on 24 June 2020. LIAM also re-elected Mr Rangam Bir, Chief Executive Officer of…

KUALA LUMPUR, Malaysia, June 29 (Bernama-BUSINESS WIRE) — Malaysia’s Employees Provident Fund in May announced the winners of its 2019 External Fund Managers Awards, selecting Saturna Sdn Bhd for two awards in the FTSE Shariah World Developed Mandate 2019 category: “Best International Equity Fund Manager” overall and “Best 3-Year ROI International Equity Fund…

HONG KONG, June 29 (Bernama-BUSINESS WIRE) — High common stock leverage among each of Japan’s major non-life insurers brings systematic equity price risk into greater consideration, given the current COVID-19-driven stock market volatility, according to an AM Best special report. The Best’s Special Report, “Japan Non-Life: Robust Capitalisation to Weather Stock Market Volatility,” states…

ISKANDAR PUTERI, June 29 (Bernama) — After months of temporary closure, popular holiday destination LEGOLAND® Malaysia Resort sprang back to life as many excited families and avid LEGO® fans arrived to discover the resort once again, albeit in a safety-conscious experience. Despite operating in a reduced capacity as a precaution, the…

KUALA LUMPUR, June 29 (Bernama) — PETRONAS would like to categorically refute the report by Reuters on 26 June 2020 headlined: “Malaysian energy giant’s board at odds with PM over payment to Sarawak state”.The alleged conflict between the Prime Minister, PETRONAS and its shareholder is mere speculative reporting without any basis…

KUALA LUMPUR, June 26 (Bernama) — The extension of the Wage Subsidy Programme (WSP) as announced in the Economic Recovery Plan (PENJANA) by YAB Prime Minister Tan Sri Muhyiddin Yassin recently reflects the Government’s concern over the difficulties faced by employers and workers in the wake of the COVID-19 crisis. To…