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MyCC Investigates Price Hike of Eggs

KUALA LUMPUR, Dec 13 (Bernama) -- The Malaysia Competition Commission (MyCC) would like to confirm that it is working closely with the Ministry of Domestic Trade and Consumer Affairs (MDTCA) to identify any anti-competitive elements that may occur in the domestic market for chicken eggs.

Aside from anti-profiteering issues that may have contributed to the rising price of chicken eggs, the Commission is looking into the possibility of anti-competitive behaviour amongst market players such as the existence of price-fixing cartels, market sharing and deliberate limiting of production by certain parties. The Commission will take into consideration the daily price and the number of production of chicken eggs in assessing the matter.


Attempted ID Fraud Increased 22 Percent Worldwide During 2018 Black Friday/Cyber Monday Stretch

PALO ALTO, Calif., Dec 13 (Bernama) -- New data from Jumio, the leading AI-powered trusted identity as a service provider, reveals that online ID fraud attempts on government-issued IDs increased 22 percent worldwide during the 2018 Black Friday to Cyber Monday period compared to the non-holiday average. Surprisingly, attempted ID fraud perpetrated during the online identity verification stage, involving passports, driver’s licenses or ID cards, hit a five-year high, increasing 109 percent in 2018 from 2014.

In the second edition of Jumio’s Holiday ID Fraud Report, attempted fraud is defined as an attempt by an individual to create a new online account by manipulating a government-issued ID. The company compared ID fraud patterns from millions of ID verification transactions between 2014 and 2018 across various industries, focusing on the period between Black Friday and Cyber Monday, including the day before and the day after this timeframe. Jumio also compared the rate of fraud during this holiday period to the average for the rest of the year to develop its findings.


CIMB-Principal Asset Management Group Announces New Chief Executive Officer Of ASEAN

KUALA LUMPUR, Malaysia & BANGKOK, Thailand & JAKARTA, Indonesia & SINGAPORE, Dec 13 (Bernama) -- CIMB-Principal Asset Management Group today announced Juan Ignacio Eyzaguirre Baraona as the new Chief Executive Officer of ASEAN who will oversee businesses across the region including CIMB-Principal Asset Management Berhad and CIMB-Principal Islamic Asset Management Sdn Bhd in Malaysia, PT CIMB-Principal Asset Management in Indonesia, CIMB-Principal Asset Management Company Limited in Thailand and CIMB-Principal Asset Management Pte Ltd in Singapore. His appointment is subject to approvals by Malaysia’s Securities Commission and Immigration Department.

CIMB-Principal Asset Management group of companies are jointly owned by Principal Financial Group (Principal) and CIMB Group Holdings Berhad (CIMB). “This is an exciting time for CIMB-Principal Asset Management as we grow our presence in Southeast Asia. Juan’s 30 years of leadership experience in asset management, banking, insurance and pensions will help us to strengthen our long-term savings, investments and retirement solutions across the region,” said Pedro Borda, President of South Asia and India for Principal International.


Allied World Announces Fairfax WorldWideSM Multinational Initiative

ZUG, Switzerland, Dec 13 (Bernama) -- Allied World Assurance Company Holdings, GmbH announces the development of a new multinational platform, called Fairfax WorldWide(SM), that operates across the portfolio of insurance companies of Fairfax Financial Holdings Limited (“Fairfax”). The platform, which will be rolled-out in phases, will enable the issuance of locally admitted insurance policies using Fairfax subsidiary licensing capabilities and other strategic partners. Fairfax WorldWide(SM), which will be modelled after Allied World’s existing Allied WorldWide® multinational platform, will consist of a global cross-functional group of dedicated people and a future leaning IT system. The platform will facilitate collaboration across the entire Fairfax network to deliver global policy placement services.

Karl Jordan, Senior Vice President of Fairfax WorldWide(SM), said, “Once fully implemented, Fairfax WorldWide(SM) will provide us with the ability to collaborate across the Fairfax group of companies to seamlessly and reliably issue locally admitted insurance policies. Our global team is pleased to expand our network and leverage our sister companies across the world to better serve our customers.”


Patriotic Photos Win Malaysian Shutterbugs Cash In The Perdana Leadership Foundation Merdeka Photo Contest 2018

PUTRAJAYA, Dec 12 (Bernama) -- A cash prize of RM1,000 for an Instagram photo depicting one’s love for Malaysia can be considered a good win. The cash, along with book vouchers, books, and merchandise, is what top winner Mohd Irman Bin Ismail received today at the prize-giving ceremony of Perdana Leadership Foundation’s Merdeka Photo Contest 2018, sponsored by DRB-HICOM. He was among the top twenty winners feted at the ceremony, and received his prize from PLF’s Executive Director, Tan Sri Nik Mohamed Nik Yaacob, and DRB-HICOM’s Head of Group Strategic Communications, Encik Mahmood Abdul Razak.

“We noticed that more and more Malaysians have turned to photographs to express themselves, and we thought a photo contest on the theme of patriotism would be a good way to challenge their creativity. We were certainly not disappointed by the number and quality of the entries. Based on the response, PLF intends to make next year’s Merdeka Photo contest bigger and better, and we hope DRB-HICOM will continue to support us,”
said Tan Sri Nik Mohamed Nik Yaacob.


iflix Reaches 270 Million Users with Three Singtel Affiliate Partnerships; Telkomsel, Globe, and Now AIS

iflix and AIS launch landmark partnership to make iflix available to 41 million customers in Thailand

KUALA LUMPUR, Malaysia, Dec 12 (Bernama) -- iflix, the world’s leading entertainment service for emerging markets, and Advanced Info Service Plc. (AIS), Thailand’s largest mobile operator, today announced their groundbreaking partnership to make iflixVIP available to AIS’ more than 41 million customers throughout Thailand through integrated carrier billing and sachet payments.

With AIS, iflix goes from strength to strength following on recent announcements of the company’s multi-stage partnerships with other Singtel affiliates, Globe Telecom in the Philippines and PT Telekomunikasi Selular (Telkomsel) in Indonesia.


Acuris Risk Intelligence Celebrates 350 Direct Customers and Wins Compliance Awards

LONDON, Dec 12 (Bernama) -- Acuris Risk Intelligence, a trusted and independent provider of data intelligence for Anti-Money Laundering, Third Party Risk and Cyber Security professionals, today announces that it now serves 350 direct customers worldwide, helping them to mitigate risk and effectively comply with regulations. This significant milestone nearly doubles its direct client base compared to this time last year and is only two months since the relaunch of the brand, formerly known as C6.

Whilst the business has been successful since its inception in 2004 in selling its data via major channel partners, this is a noteworthy milestone as it reflects the success of focusing on direct customer outreach. The business continues to work with some of the biggest compliance platforms in the world as an integrated provider.