MREM Press Releases
AM Best Upgrades Credit Ratings of PVI Insurance Corporation
SINGAPORE, Feb 24 (Bernama-BUSINESS WIRE) — AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “bbb+” (Good) of PVI Insurance Corporation (PVI Insurance). The outlook of these Credit Ratings (ratings) has been revised to stable from positive.
Holding Statement
PETALING JAYA, Feb 23 (Bernama) — MJets Sersol Sdn. Bhd. would like to clarify that M Jets International Sdn. Bhd., which is reported by the media to be under investigation by the Malaysian Anti-Corruption Commission (MACC), is not the same entity. MJets Sersol Sdn. Bhd. also does not have any links
PCG Records Strong PAT Of RM6.3 Billion In FY2022
KUALA LUMPUR, Feb 23 (Bernama) — PETRONAS Chemicals Group Berhad (PCG) registered record high revenue of RM29.0 billion in Financial Year Ended 31 December 2022 (FY2022). The 26% year-on-year revenue growth against RM23.0 billion in FY2021 is attributed to higher product prices coupled with stronger US Dollar against the Malaysian Ringgit
PETRONAS FutureTech 3.0 Expands To Asia Pacific Region
KUALA LUMPUR, Feb 23 (Bernama) — PETRONAS FutureTech 3.0, an accelerator programme to nurture technology startups, is now open to applicants in the Asia Pacific region, the first time the programme is expanding beyond Malaysian shores. Co-organised by PETRONAS Ventures and Singapore-based innovation, venture and startup enabler, StartupX, FutureTech 3.0 is
FPT Software Acquires Intertec International’s IT Services Division
HANOI, Vietnam, Feb 23 (Bernama-BUSINESS WIRE) — Vietnam’s leading technology firm, FPT Software, today announces its acquisition of Intertec International’s (Intertec) IT Services division, to further strengthen its North American nearshore delivery capabilities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230222005840/en/ http://mrem.bernama.com/viewsm.php?idm=45483
Cradlepoint And Ericsson Demonstrate World First Dual Network Slicing Implementation For Enterprise Over A Live Network With Australian Carrier Optus
MELBOURNE, Australia, Feb 23 (Bernama-GLOBE NEWSWIRE) — Cradlepoint, the global leader in cloud-delivered LTE and 5G wireless network solutions, demonstrated application-based traffic steering into two carrier-defined network slices on its fixed wireless and in-vehicle 5G enterprise networking solutions. The demonstration took place at Australian carrier, Optus’ Tech Day. Using Cradlepoint 5G
PETRONAS Dagangan Finishes FY2022 with Higher Revenue and Pre-Tax Profit
KUALA LUMPUR, Feb 23 (Bernama) — PETRONAS Dagangan Berhad (PDB) achieved a strong performance for the year ended 31 December 2022, boosting its full year revenue by 62 per cent to RM36.7 billion, on the back of higher sales volume and average selling price. Pre-tax profit for the year also
PETRONAS and Sabah State Expand Collaboration in Upstream
KUALA LUMPUR, Feb 23 (Bernama) — PETRONAS and the Sabah State Government continue to expand the collaboration in the oil and gas industry through a Heads of Agreement (HOA) signed yesterday between PETRONAS Carigali Sdn Bhd (PCSB), a wholly-owned subsidiary of PETRONAS and SMJ Sdn Bhd (SMJSB), a company wholly-owned by
SYNTAGMA CAPITAL enters into exclusive negotiations, to acquire Erasteel, the high-speed steels and recycling division of Eramet S.A. (Euronext Paris: ERA)
BRUSSELS, Feb 23 (Bernama-BUSINESS WIRE) — Syntagma Capital today announces that it has entered into exclusive negotiations with Eramet, to acquire Erasteel (https://www.erasteel.com). The business is a global leader in theconventional and powder metallurgy of high-speed steels used for high performance machining, drilling and cutting tools. In addition, Erasteel has
FourKites Research Report Highlights Evolving Challenges in Ocean Shipping, with 50 Percent of Shippers Having Zero Visibility into Ocean Freight
CHICAGO, Feb 23 (Bernama-GLOBE NEWSWIRE) — After a tumultuous three years for global supply chains, ocean freight stakeholders are under pressure from shifting economic conditions, geopolitical influences and labor challenges going into 2023. That’s according to a new survey released today by leading real-time supply chain visibility provider FourKites. The survey polled