Muhammad Aiman wants to boost sports activities in Semenyih [ 7m ago ]

EXCLUSIVE PRESS News List

Tech Startup NEXPlatform Digitises The Property Sales Lifecycle Raises RM775k From Cradle

Centralised property back-end services to boost business efficiency


KUALA LUMPUR, Feb 18 (Bernama) -- Malaysian-based company NEXPlatform, a start-up that offers full range property-technology solutions to the real estate industry, has raised RM775,000 from Cradle investment programme, Direct Equity 800 (DEQ800) led by Cradle Fund Sdn Bhd (Cradle).

Founded in 2016, NEXPlatform was self-funded in the early stage of their start-up journey, and this being the first round of funds raised by the company since its establishment. It is a centralised digital platform that integrates property developer, agent, solicitor and banker in a streamlined system to facilitate the property lifecycle from pre-sales to after-sales services.

Investors Repaid In EB5 Capital's 7th And 8th Projects, Completing Their EB-5 Investment Cycle

WASHINGTON, Feb 18 (Bernama) -- EB5 Capital announced today it has fully repaid eligible investors in its 7th and 8th projects, successfully completing their EB-5 investment process. The full investment amount has been returned to investors as they have completed their conditional residency period and applied for permanent resident status in the United States.

“The return of the full investment amount represents a strong and informed EB-5 investment decision on the part of our clients. We’re honored they would choose to make such an important investment with us,” said Angelique Brunner, EB5 Capital’s President.

AM Best Affirms Credit Ratings Of The Hollard Insurance Company Pty Ltd

SINGAPORE, Feb 18 (Bernama) -- AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of The Hollard Insurance Company Pty Ltd (HIC) (Australia). The outlook of these Credit Ratings (ratings) is stable.

The ratings reflect HIC’s balance sheet strength, which AM Best categorizes as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).

AM Best Maintains Under Review With Negative Implications Status for National Insurance Company Limited

SINGAPORE, Feb 18 (Bernama) -- AM Best has maintained the under review with negative implications status for the Financial Strength Rating of C++ (Marginal) and the Long-Term Issuer Credit Rating of “b” of National Insurance Company Limited (National) (India).

The under review with negative implications status has been extended pending the receipt of an expected capital injection by India’s government, as communicated by National's management, as well as the review of operating results for the financial year ending March 31, 2019.

FedEx Research Shows Malaysian SMEs Setting Their Sights on Global Markets

SELANGOR, Feb 15 (Bernama) -- A research by FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, reveals that most Malaysian SMEs who export focus on markets beyond the Asia Pacific (APAC) region. Notably, 82% of these Malaysian SMEs now export to markets beyond APAC, which by far exceeds the 55% exporting within APAC.

The Global is the New Local: The Changing International Trade Patterns of Small Businesses in Asia Pacific” research shows that exports make up 71% of the revenues earned by APAC SMEs who export, a 60% increase from 2016. Exports from APAC SMEs to outside APAC exceeded exports to markets within the region. 71% of APAC SMEs who export now export globally beyond APAC while 70% export within the region.

PETRONAS CEO Tan Sri Wan Zulkiflee Is Among The 100 Best Global Brand Guardians

KUALA LUMPUR, Feb 15 (Bernama) -- Brand Finance, the world’s leading brand valuation authority, has included PETRONAS President and Group CEO Tan Sri Wan Zulkiflee Wan Ariffin, for the first time, into its list of the 100 best global Brand Guardians for 2019, joining other big names such as Amazon’s Jeff Bezos, Google’s Sundar Pichai and Shell’s Ben Van Beurden.

Tan Sri Wan Zulkiflee, ranked #95 in the world, received the recognition by Brand Finance due to his visionary leadership, prudent management and successful track record in steering the national oil and gas company and the industry forward through some of the most turbulent and challenging years in recent times.

Hitachi Metals Develops Ceramics Adsorption Filter for Pretreatment of the SWRO (Sea Water Reverse Osmosis) Desalination System

TOKYO, Feb 15 (Bernama) -- Hitachi Metals, Ltd. (TOKYO:5486) has developed a ceramics adsorption filter (CAF) as a pre-treatment technology for the sea water reverse osmosis (SWRO) desalination process in order to minimize fouling of RO membranes*1. A joint research study conducted by Hitachi Metals Ltd, Japan and the Nanyang Environment & Water Research Institute (NEWRI) at Nanyang Technological University, Singapore (NTU Singapore) have shown that with the addition of CAF in the pre-treatment stage prior to the RO stage, the rate of RO fouling was slower and hence the membrane cleaning frequency can be reduced. The findings have shown that the amount of biofilm attached on the RO membrane was significantly reduced. This is expected to reduce water production cost. Hitachi Metals will accelerate efforts toward commercial applications, and will expand the business in Singapore, which is the center of research of the water treatment technologies.

1. Background

Due to the population growth, economic growth, and climate change, water shortage has become a global issue. One of the Sustainable Development Goals (SDGs) promoted by the United Nations is to ensure the accessibility to clean water and improve in water quality and price.*2