BSN Appoints Mujibburrahman Abd Rashid As Chief Executive

KUALA LUMPUR, Nov 10 (Bernama) -- Bank Simpanan Nasional (BSN) has appointed Mujibburrahman Abd Rashid as its chief executive, effective today, after serving as acting chief executive.

Softbank, Grab Announce US$1.85 Bln Initial Seed Capital For Malaysia's AI Infrastructure

By Anas Abu Hassan

SINGAPORE, Nov 9 (Bernama) -- SoftBank Group Corp and Grab Holdings Ltd on Monday announced the signing of joint development agreements in connection with plans for US$1.85 billion (US$1=RM4.06) initial combined seed capital to develop artificial intelligence (AI) infrastructure in Malaysia with Petroleum Sarawak Bhd (Petros).

Softbank-led Consortium’s AI Investment Reflects Global Confidence In Malaysia -- PM Anwar

KUALA LUMPUR, Nov 9 (Bernama) -- The SoftBank-led consortium’s investment in an artificial intelligence (AI) platform in Malaysia reflects global confidence in the country’s potential to develop and use AI, says Prime Minister Datuk Seri Anwar Ibrahim.

Under JS-SEZ, Nexus Sedenak Strengthens Kulai's Role As Economic Hub - Teo

KULAI, Nov 9 (Bernama) -- The high-impact Nexus Sedenak project will become a primary growth catalyst for the southern region’s economy as one of the new industrial and logistics hubs under the Johor-Singapore Special Economic Zone (JS-SEZ).

Scicom Eyes International Expansion With Self-funding GovTech Border Infrastructure Model

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, Nov 9 (Bernama) -- Scicom (MSC) Bhd is accelerating its international government technology (GovTech) expansion, leveraging a public-private financing model designed to help sovereign governments modernise border security without heavy upfront capital expenditure.

KWAP Wins Global Award For RM6 Bln Dana Pemacu Initiative

KUALA LUMPUR, Nov 7 (Bernama) – The Retirement Fund Incorporated (KWAP) has won the Investment category at the Pensions & Investments (P&I) World Pension Summit Excellence and Innovation Awards for its RM6 billion Dana Pemacu initiative.

Bitdeer To Continue Investing In Malaysia, Confident In Madani Govt's Policies -- PM Anwar

KUALA LUMPUR, Nov 6 (Bernama) -- Singapore-headquartered Bitdeer Technologies Group (Bitdeer) has expressed its intention to continue investing in Malaysia due to its confidence in the MADANI Government’s direction and policies on digital transformation.

Only 13 Pct Of ICE Vehicles Have Flood Coverage Versus 50 Pct Of EVs

KUALA LUMPUR, Nov 6 (Bernama) -- Only 13 per cent of internal combustion engine (ICE) vehicles have flood insurance coverage compared with 50 per cent of electric vehicles (EVs), according to Insurance Services Malaysia (ISM) data from 2022 to the second quarter of 2026.

12 Insurance Policies Related To Nepal Disaster Settled, Says Piam

KUALA LUMPUR, Nov 6 (Bernama) -- A total of 12 insurance policies involving Malaysians affected by the floods and landslides in Nepal have been fully settled by insurance companies, according to the General Insurance Association of Malaysia (PIAM).

Abu Dhabi’s TII, Naval Group Partner On Underwater Drones

KUALA LUMPUR, Nov 6 (Bernama) -- Abu Dhabi’s Technology Innovation Institute (TII) has signed an agreement with French naval defence company, Naval Group to explore jointly developing and commercialising uncrewed underwater vehicles (UUVs).

Marco Gadola Joins Angelalign As Senior Advisor

KUALA LUMPUR, Nov 6 (Bernama) -- Hong Kong-listed clear aligner maker, Angelalign Technology Inc (Angel) has appointed former Chief Executive Officer (CEO) of dental medical device company, Straumann Group, Marco Gadola as Senior Advisor.

Saudi Fund For Development Inks Over US$403 Mln Loans To Rebuild Syria

KUALA LUMPUR, Nov 6 (Bernama) -- The Saudi Fund for Development (SFD) has signed six concessional development loan agreements worth over US$403 million with Syria, to rebuild infrastructure and restore public services damaged by years of conflict. (US$1 = RM4.04)