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FWD Takaful offers digital therapeutics programme via partnership with Naluri Hidup

KUALA LUMPUR,FWD Takaful Bhd has partnered with Naluri Hidup Sdn Bhd to provide a digital therapeutic programme for customers of its online family cancer plan, FWD Care Direct.

Naluri Hidup is the region’s first human-driven, AI-augmented digital therapeutics programme that delivers quantifiable health outcomes and helps healthcare payers save on avoidable healthcare costs through online coaching while helping them cope with chronic diseases and improving their mental health.

FWD Takaful chief executive officer (CEO) Salim Majid Zain said following the signing of the partnership agreement today, policyholders will be able to access the relevant mobile application on submitting their claims.

“The digital therapeutics programme will provide an optional value-added service for our FWD Care Direct customers that is personalised to support their emotional, mental and physical needs upon cancer diagnosis,” he told a press conference after the signing ceremony.

He said FWD Takaful’s goal is to change the way people feel about takaful by being there for them every step of the way and helping them achieve better health outcomes by building the necessary mental resilience to cope with their specific health challenges.

At present, the FWD Care Direct policy has about 130 to 140 policyholders and provides instant coverage from RM100,000 to RM250,000 while offering a 100 per cent payout on diagnosis of cancer, even at the early stage, to assist customers with their treatment.

Apart from covering individuals, FWD Care Direct also offers cancer protection for the entire family — up to four people — in a single plan.

Meanwhile, Naluri Hidup CEO Azran Osman-Rani said its application, which currently has over 8,000 subscribers, will provide access to health coaching that combines the much needed, but often neglected, psychological support with disease and lifestyle management.

“We are excited to partner with an innovative takaful provider like FWD Takaful that is re-thinking takaful beyond just protection, but also to enhance the quality of life of its customers who are dealing with cancer,” he added.

Source: BERNAMA (News Agency)

Teledyne Princeton Instruments expands NIRvana SWIR camera portfolio

KUALA LUMPUR,Teledyne Princeton Instruments, part of the Teledyne Imaging group has announced the immediate availability of its newest offering in the NIRvana SWIR portfolio, NIRvana HS.

The NIRvana HS offers an exciting, truly innovative set of world-class performance features utilising the advantages of the second near-infrared window (NIR-II) to meet the increasingly diverse needs of today’s scientific, industrial and medical communities.

Building on the success of the high performance NIRvana LN (liquid nitrogen cooled) and the NIRvana 640 (super-cooled), the NIRvana HS version combines speed, flexibility, performance and value, bringing new capability to science and industry.

The HS runs at an amazing 250 frames per second in 16 bit mode and offers both integrate-then-read and integrate-while-read modes for low noise and high duty cycle, according to a statement.

The advanced thermal design includes deep cooling to -55C and incorporates the most advanced vacuum sealed chamber to provide a lifetime of maintenance free operation. Advanced image correction ensures the camera delivers unmatched image quality.

The NIRvana family of products has led to advances in many applications including astronomy, life sciences and semiconductor fabrication.

More details at https://www.princetoninstruments.com.

Source: BERNAMA (News Agency)

Lam Research expands footprint to Malaysia, builds factory in Penang

GEORGE TOWN,Lam Reserach Corporation, a global supplier of innovative wafer fabrication equipment (WFE) to the semiconductor industry, is expanding its footprint to Malaysia with a new manufacturing facility to be opened in Penang.

Chief Minister Chow Kon Yeow said that a 700,000 sq ft (65,032.13 sq m) of office, manufacturing facilities and warehouse will be established at Batu Kawan Industrial Park.

“The site will be their latest addition to the existing sites in the United States, Austria and South Korea,” he said in a press conference here today.

He said Lam Research’s presence is expected to further boost Malaysia’s image as a preferred location for the semiconductor as well as the electrical and electronics (E and E) industries, elevating Penang’s global status in the semiconductor industry.

“Lam Research’s footprint in Penang will attract more relevant vendors to invest here and enable Penang to create a more robust E and E ecosystem than ever.

“There will be vast opportunities for local equipment suppliers as well, and I take note that InvestPenang will be working with Lam Research to explore localisation and supply chain opportunities, he said, referring to InvestPenang, the state government’s principal investment promotion agency.

The press conference was also joined by Deputy Chief Minister I Datuk Ahmad Zakiyuddin Abdul Rahman, InvestPenang chief executive officer (CEO) Datuk Loo Lee Lian, Penang Development Corporation (PDC) general manager Datuk Mohd Bazid Abd Kahar, and Malaysian Investment Development Authority (MIDA) Penang director Yusni Md Yusop.

Lam Research global operations senior vice president Kevin Jennings and Lam Research (Manufacturing) vice president Mike Snell also joined the press conference via video conferencing.

Jennings said that the new facility in Penang would create approximately 350 high-value jobs over the next three years, with room for growth over time.

“Construction is expected to begin by next month, with the first shipment and operation some time in 2021,” he said.

Snell, who is also the project leader of the new manufacturing facility, said that Lam Research has invested approximately US$225 million (RM928.13 million) in the overall project.

“The factory itself is estimated to be around US$150 million (RM618.75 million), and we estimate spending about half of that again with about US$75 million (RM309.38 million) in time for incremental warehousing (established) within a short range of the factory,” he added.

Source: BERNAMA (News Agency)

SIBS2020 aims sales worth RM300 million

KOTA KINABALU, The Selangor International Business Summit (SIBS) 2020 aims to achieve RM300 million worth of sales transactions this year.

To be held Oct 14-17 at the Kuala Lumpur Convention Centre, the event will feature more than 800 exhibition booths and is expected to attract around 40,000 visitors, said event organiser, Invest Selangor chief executive officer Datuk Hasan Azhari Idris.

He said SIBS 2020 welcomes participation from domestic and international businesses, especially those from ASEAN, to boost investments among industry players.

SIBS 2020 comprises four main events — Selangor International Expo, Selangor-ASEAN Business Conference, Selangor Smart City and Digital Economy Convention and the Selangor R and D and Innovation Expo.

It will also include side events such as the Malaysia International Coffee and Tea Exhibition, Selangor International Halal Conference and the Selangor Culinary Festival, he told Bernama today.

Aside from promoting Selangor as a gateway to ASEAN, the event also aims to give small and medium enterprises the chance to explore new markets in ASEAN, which has a combined population of around 600 million, said Hasan Azhari.

The event is also expected to draw around 300 international buyers, he said, adding that last year, it attracted 141 buyers from 30 countries.

The buyers will be connected with the exhibitors prior to the event, and the actual sales transaction will take place during the event, he said.

Those wishing for further information on the event may visit www.selangorsummit.com, as well as SIBS 2020’s Facebook, Twitter and Instagram accounts with the hashtag #selangorsummit.

Source: BERNAMA (News Agency)

AirAsia’s stocks appreciate on disposal of shares by EPF

KUALA LUMPUR,Shares of AirAsia Group Bhd (AAGB) and its sister company AirAsia X Bhd appreciated in active trading today following recent downtrend amid news report which alleged the low-cost airline took US$50 million bribes from aircraft manufacturer Airbus.

The upswing in their share prices also came after the Employees Provident Fund (EPF) reportedly sold 7.92 million shares in AAGB.

According to two separate filings on Bursa Malaysia, the retirement fund disposed 7.43 million of AAGB shares on Jan 28 and followed it up with another disposal of 492,500 worth of shares on the next day.

The EPF continues to hold 210.4 million shares, representing a 6.29 per cent stake in the company following the disposals.

At 5.00 pm, AAGB share price closed one sen higher to RM1.16 with 192.53 million shares changed hands, while AirAsia X increased half-a-sen to 12.0 sen with 33.87 million shares transacted.

Meanwhile, AirAsia has denied the allegations.

In a statement yesterday, Datuk Kamarudin Meranun and Tan Sri Tony Fernandes claimed that AirAsia was never reached out for any explanation or clarification by the UK Serious Fraud Office (SFO) during their four-year investigation on the Airbus scandal.

According to them, it was a clear violation of the fundamental legal principle of fairness and access to justice.

We categorically deny all allegations of wrongdoing or misconduct on our part as executives and directors of AirAsia, they said.

On Monday, both executives relinquished their executive positions within the group, effective immediately, following the Airbus SE bribery probe by the Malaysian authorities.

Meanwhile, the Minority Shareholders Watch Group (MSWG) chief executive officer Devanesan Evanson reportedly has urged Kamaruddin and Fernandes to step down from the low-cost carrier’s board pending investigations.

Devanesan said as the situation could create a general sense of unease and tenseness at the board level as they are still board members.

Source: BERNAMA (News Agency)

Uzma’s unit to acquire SVP shares for RM52.8 mln

KUALA LUMPUR, Feb 5 Uzma Bhd’s (Uzma) unit, Tenggara Analisis Sdn Bhd (Tenggara), has acquired 1.01 million ordinary shares in Setegap Ventures Petroleum Sdn Bhd (SVP) for RM52.8 million in cash.

The purchase shall be funded by bank borrowings, the oil and gas (O and G) company said in a filing with Bursa Malaysia today.

The proposed acquisition will allow the group to consolidate a higher percentage of SVP’s earnings.

Since Tenggara’s earlier acquisition of 18.98 per cent equity interest in SVP in January 2015, SVP has recorded a commendable performance against the backdrop of falling crude oil prices from mid-2014 to early 2016, which adversely affected the earnings of the entire value chain of the local O and G industry, it said.

As at Jan 29, SVP has an order book of approximately RM700 million encompassing the next five years, comprising contracts for coiled tubing services, well pumping services, integrated well services and deployment of reinforced thermoplastic pipe, among others.

Moving forward, Uzma said SVP plans to expand its market share locally and internationally as well as invest in the research and development of well intervention and stimulation capabilities.

SVP will continue to work towards becoming a comprehensive well servicing and maintenance provider, as well as a provider of production enhancement solutions, it added.

Source: BERNAMA (News Agency)

Government cautiously optimistic on economic forecast – Ong

KUALA LUMPUR,The government is cautiously optimistic about the 2020 economic growth forecast and is ready to tackle the novel coronavirus situation accordingly, Deputy International Trade and Industry Minister Dr Ong Kian Ming said.

He pointed out that in Malaysia as well as globally, the situation is under control, although new cases are recorded daily.

“Many of those admitted due to the virus have recovered and discharged. The fatality rate is also low. On the economic front, we see a short-term impact but not long-term,” he said at the Chinese New Year CEO Dinner organised by Enterprise Asia here tonight.

Source: BERNAMA (News Agency)