MREM Press Releases

MIDA Join Hands with ECERDC, UOB Malaysia and Viknesh & Yap Law Firm Promote

Promote Economic Accelerator Projects along ECRL Corridor KUALA LUMPUR, Feb 27 (Bernama) — The Malaysian Investment Development Authority (MIDA), in collaboration with the East Coast Economic Region Development Council (ECERDC), UOB Malaysia and Viknesh & Yap Law Firm, organised a briefing session namely, “The Growing and Expanding Opportunities in the East

Another record year for BIMB Holdings Berhad FY2019 PBZT rises 13.1% to RM1.2 Billion

KUALA LUMPUR, Feb 27 (Bernama) — BIMB Holdings Berhad (“BHB”) turned in another year of record earnings, with Group PBZT breaching RM1.2 billion or 13.1% higher, for the financial year ended 31 December 2019 (“FY2019”).  Both Islamic banking and takaful businesses performed strongly. Earnings per share rose to 44.75 sen

AmBank Records RM1.09 Billion Profit For The Nine-Month Period Ended 31 December 2019 Q3 Profit Up By 9% To RM382.1m Driven By Income Growth Of 16.6%

KUALA LUMPUR, Feb 27 (Bernama) — Dato’ Sulaiman Mohd Tahir (Dato’ Sulaiman), AmBank Group Chief Executive Officer said, “AmBank Group is pleased to once again outpace the macroeconomic and geopolitical headwinds plaguing the sector with a RM1.09 billion profit for the first nine months of our 2020 financial year. Indeed, we

KPJ Healthcare Reports Highest Performance Ever

Commendable revenue & profit growth amidst challenging industry KUALA LUMPUR, Feb 27 (Bernama) — KPJ Healthcare once again recorded growth in its performance for the year ended 31 December 2019. Its 4Q2019 results recorded an improvement in revenue to RM944.0 million compared to RM876.5 million in 4Q2018, an increase of 7.7%.  PAT for 4Q2019 reached

HeadSpin Announces $60M Series C Round at a $1.16 Billion Valuation and Adds Nikesh Arora as Chairman of the Board

PALO ALTO, Calif., Feb 27 (Bernama-BUSINESS WIRE) — HeadSpin, the company that ensures flawless connected experiences enabled by web, mobile, IoT and 5G, today announced a $60 million Series C funding round led by Dell Technologies Capital and ICONIQ Capital with participation from institutional investors Tiger Global Management, Kearny Jackson, and

Pertubuhan Integriti Nicky Liow Malaysia & Yayasan Winner Emperor Sedunia Donates 76,920 Masks and Medical Supplies to Covid-19 Infected China Witnessed by Local Celebrities

KUALA LUMPUR, Malaysia, Feb 27 (Bernama-PRNewswire) — Dato’ Sri Liow Soon Hee through his charity foundations, Pertubuhan Integriti Nicky Liow Malaysia and Yayasan Winner Emperor Sedunia, along with the support of local Malaysian celebrity Excella Chong, singer-songwriter, has donated shipments of masks and medical supplies, amounting to 76,920 masks for

Energous Secures Industry-first Regulatory Approval for its Revolutionary WattUp Wireless Charging Technology in Japan

SAN JOSE, Calif., Feb 27 (Bernama-BUSINESS WIRE) — Today Energous Corporation (Nasdaq:WATT), the developer of WattUp®, a revolutionary wireless charging 2.0 technology, announced that it has received regulatory approval for its WattUp Near Field wireless charging technology in Japan. “Having secured regulatory approval for our WattUp wireless charging technology in Japan is a

Tricor Group Releases COVID-19 Business Sentiment & Resilience Barometer Report Highlighting the Acute Financial and Operational Challenges Facing Companies in APAC

HONG KONG, Feb 27 (Bernama-BUSINESS WIRE) — Businesses in Asia Pacific are struggling to maintain operations amidst the Coronavirus (COVID-19) outbreak. Nearly 50% report that they will be forced to restructure business operations to stay afloat if the situation worsens, according to the Tricor Group COVID-19 Business Sentiment and Resilience Barometer Report released

New Cancer Treatment Developed at NTHU

HSINCHU, Taiwan, Feb 27 (Bernama-BUSINESS WIRE) — A research team led by Dr. Yunching Chen and Tsai-Te Lu of National Tsing Hua University have recently developed a new treatment for cancer, in which blood vessels within malignant tumors are normalized by injecting a specially developed nanodelivery system for nitric oxide (NanoNO),

Best’s Commentary: South Korea Regulation Change Brings Solvency Solution to Primary Insurers, Opportunities to Reinsurers

HONG KONG, Feb 27 (Bernama-BUSINESS WIRE) — A regulatory change in South Korea permitting co-insurance to be used as a type of reinsurance arrangement may unlock opportunities and alternative capital sources for insurers, while reinsurers may benefit from greater business opportunities, according to a new AM Best report. Previously, only risk premiums may