Day: September 17, 2024

KUALA LUMPUR, The visit of His Majesty Sultan Ibrahim, King of Malaysia to China from Sept 19 to 22 marks a significant milestone in Malaysia-China diplomatic relations, which is celebrating its 50th anniversary this year. In a statement, Istana Negara announced that His Majesty’s visit would usher in a new chapter of close friendship between Malaysia and China. According to the statement, Sultan Ibrahim expressed that Malaysia’s relationship with the Republic has brought numerous benefits over the past five decades. ‘I hope this visit will serve as a foundation for strengthening our friendship into the next decade. ‘I am confident

PARIS and LONDON and NEW YORK, Akur8, the machine learning-powered insurance pricing and reserving platform, announced today that it has secured $120 million in series C funding, bringing its total raised investment to $180 million. This latest funding round was led by One Peak, a leading growth equity firm investing in software scale-ups, with participation from Partners Group, one of the largest firms in the global private markets industry acting on behalf of its clients, and historical investor Guidewire Software, Inc. (NYSE:GWRE). The new funding will significantly bolster Akur8’s ability to expand its product portfolio and fuel its growth in

KUALA LUMPUR, Bursa Malaysia traded slightly higher in early action, tracking mixed overnight performance on Wall Street ahead of the US Federal Reserve’s interest rate decision tomorrow. At 9.05 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.17 per cent or 2.80 points to 1,654.95 from Friday’s close of 1,652.15. The benchmark index opened 2.16 points firmer at 1,654.31. The local bourse was closed on Monday, in observance of Prophet Muhammad’s birthday and the Malaysia Day public holiday. Across the broader market, gainers outnumbered losers 196 to 96, with 225 counters unchanged, 1,988 untraded and seven suspended. Turnover amounted

ALOR SETAR, A relief centre (PPS) has been opened in the Kubang Pasu district to accommodate 53 victims from 15 families affected by the flood. Kubang Pasu Civil Defense Officer Captain (PA) Mohd Adenin Suhaimi said the PPS was opened at 9,16 pm yesterday at Sekolah Kebangsaan Malau, near Jitra to accommodate the victims. The flood in Mukim Malau affected three villages, namely Kampung Padang Panjang, Kampung Sampang and Kampung Lubuk Ipoh. He said that the flooding in the area occurred due to heavy rain from morning to evening yesterday. Meanwhile, the water level in three rivers in the state

KUALA LUMPUR, PING23 Sdn Bhd or PETRONAS Innovation Garage (PING), a wholly-owned subsidiary of PETRONAS Leadership Centre, recently hosted the PING Open Day, providing five employee start-ups incubated in-house the opportunity to showcase their solutions to corporate leaders, early-stage investors and ecosystem builders present at the event held at Petrosains, Suria KLCC today. PING serves as a catalyst for employee-driven entrepreneurship, aiming to harness the innovative potential and entrepreneurial spirit of PETRONAS employees. During the event, some of these start-ups successfully secured fundings and partnerships as a head start in their entrepreneurship journey.