Day: July 24, 2024

KUALA LUMPUR, Takaful operators disbursed RM2.24 billion in the first quarter of 2024 (1Q 2024), with Family Takaful payouts at RM1.72 billion and General Takaful payouts at RM514 million, said Malaysia Takaful Association (MTA). MTA chief executive officer Mohd Radzuan Mohamed said total Family and General Takaful disbursements rose by 4.9 per cent in 1Q 2024 compared to the same quarter last year. Family Takaful disbursements increased by 2.5 per cent, while General Takaful saw a rise of 13.6 per cent. ‘Comparing the pattern in the first quarter of this year and last year, we observe a return to normalisation,

KUALA LUMPUR, Matmerize Inc, a pioneering artificial intelligence (AI)-based polymer informatics company, has announced its engagement with Asahi Kasei, a diversified Japanese multinational company, to advance polymer informatics for sustainable innovation. This collaboration is expected to play a significant role in achieving Asahi Kasei’s sustainability and carbon-neutral goals by enabling the development of polymers with enhanced ionic conductivity and attractive optical and dielectric properties, crucial for applications in fuel cells, batteries, dielectrics, electronic and electrochemical devices. According to a statement, Asahi Kasei aims to leverage Matmerize’s advanced AI algorithms and machine learning capabilities to accelerate the research and development (RandD)

KUALA LUMPUR, Porsche’s assembly facility at Inokom, Kulim, Kedah, is being expanded to 11,000 square metres, and a new assembly line will be introduced. In a joint statement today, Sime Darby Bhd and Porsche said the new assembly line will be for the plug-in hybrid Porsche Cayenne S E-Hybrid Coupé. Sime Darby group chief executive officer Datuk Jeffri Salim Davidson said this expansion was a significant milestone for the two companies in unlocking new opportunities in the ASEAN region while affirming the capabilities of their highly skilled local talents. ‘We remain steadfast in our commitment to delivering product consistency that