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Economy

Rently Secures US$12 Mln Growth Credit Facility To Expand Rental Innovation

KUALA LUMPUR, Oct 27 (Bernama) -- Rental commerce platform, Rently has secured a US$12 million growth credit facility from January Capital, a technology investment firm, to support its expansion across Asia-Pacific and the Gulf region. (US$1 = RM4.08)

Nanning Expands ASEAN Global Engagement With Trade, AI Innovation

KUALA LUMPUR, Oct 27 (Bernama) -- Nearly 100 preliminary artificial intelligence (AI) cooperation agreements worth around two billion Chinese yuan were reached in Nanning during the recently concluded 23rd China-ASEAN Expo (CAEXPO), including more than one billion Chinese yuan in planned cooperation with ASEAN countries.

Ardens Lifescience Wins MedTech Innovator Asia Pacific Grand Prize

KUALA LUMPUR, Oct 27 (Bernama) -- MedTech Innovator (MTI) announced Ardens Lifescience has won the 2026 MedTech Innovator Asia Pacific Grand Prize, taking home US$175,000 for a system that treats peripheral lung cancer by destroying tumours with radiofrequency energy delivered through the airways. (US$1 = RM4.08)

Huayan Robotics To Showcase Humanoid Robotic Arm At Robotworld 2026

KUALA LUMPUR, Oct 27 (Bernama) -- Huayan Robotics will showcase a seven-axis humanoid robotic arm alongside automation solutions for welding, palletising and machine tending at Robotworld 2026, to be held in Goyang, South Korea, from Nov 4 to 7.

H2O.ai’s New Forecasting Model Tops Benchmark Leaderboard

KUALA LUMPUR, Oct 27 (Bernama) -- H2O.ai, the trusted Sovereign AI Platform, has released TimeH2O-v1, a time-series foundation model for forecasting that ranks first of 32 models on the fev-bench leaderboard by win rate.

Electricity Bill Protection Expansion Will Not Affect TNB's Dividend Payout -- Fadillah

KUALA LUMPUR, Oct 27 (Bernama) -- The initiative to expand electricity bill protection threshold for domestic customers until December 2026 will not affect Tenaga Nasional Bhd’s (TNB) ability to fulfil its dividend payment commitment to shareholders.

Lira Clinical Skincare Line Uses Lab-Grown Salmon Stem Cell Ingredient

KUALA LUMPUR, Oct 27 (Bernama) -- Lira Clinical, a global leader in corrective and brightening skincare, has launched REGEN, a skincare line made with an ingredient derived from laboratory-grown salmon cells, developed with San Francisco-based cultivated seafood company Wildtype.

YYForce Plans First Humanoid Robot Deployment In Singapore

KUALA LUMPUR, Oct 27 (Bernama) -- YYForce Inc (YYForce), a technology-enabled provider of workforce solutions, integrated facility management and robotics services, has welcomed Tesla Inc’s announcement that production of its Optimus humanoid robot has begun in Fremont, California.

Battersea Investment Losses Highlight Need For Closer Scrutiny - Anwar

KUALA LUMPUR, Oct 27 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim said overseas investments must be scrutinised more closely to prevent similar losses, citing the Battersea Power Station redevelopment project in the United Kingdom.

SG4 Growth Targets Must Be Supported By Implementation Capacity -- Akmal Nasrullah

KUALA LUMPUR, Oct 27 (Bernama) -- The economic growth target of up to seven per cent per year for Kedah, Kelantan, Terengganu, and Perlis states (SG4) must be supported by implementation capacity, said Economy Minister Akmal Nasrullah Mohd Nasir.

EarthDaily Secures US$3 Mln NASA Task Order For Land Imaging

KUALA LUMPUR, Oct 27 (Bernama) -- EarthDaily has received a US$3 million task order from the National Aeronautics and Space Administration (NASA) to provide its constellation data and technical support for NASA and the United States Geological Survey (USGS) for evaluating how commercial imagery could be used in US federal land imaging programmes. (US$1 = RM4.08)

SmartKargo Launches Four AI Apps For Airline Cargo Operations 

KUALA LUMPUR, Oct 27 (Bernama) -- Cloud-based logistics platform SmartKargo has launched four artificial intelligence (AI) applications for airlines, designed to help increase revenue, cut costs and reduce risk in their cargo operations.