BAKU, Azerbaijan (Bernama-GLOBE NEWSWIRE) -- Bank ABB, one of the leading financial institutions in the South Caucasus, has officially launched its artificial intelligence assistants AI-nur and AI-khan, making them available to all customers following a successful Beta testing phase. The new conversational AI technology represents a major step forward in the bank’s digital transformation and introduces one of the first voice-enabled AI banking solutions in Azerbaijan’s and regional banking sector.
Since becoming available to customers, AI-nur and AI-khan have demonstrated strong adoption and engagement. More than 230k users have already used the service, generating over 2.5 million interactions through the AI-powered banking assistants.
As banking continues to evolve, conversational interfaces powered by AI, including voice, are becoming an integral part of future banking models, enhancing accessibility, speed, and personalization across digital channels.
Developed as part of Bank’s strategy to build the banking ecosystem of the future, AI-nur and AI-khan enable customers to interact with banking services using natural voice commands. Customers can transfer funds between their cards and accounts or send money to others using a mobile phone number. By simply stating the recipient’s name, the AI system identifies the contact and processes the transfer, provided the number is saved in the sender’s phone contacts. Additionally, the assistants can handle essential security functions, such as blocking or reactivating cards, offering a quick response in critical situations.
According to Bank ABB, the launch of AI-nur and AI-khan demonstrates the bank’s commitment to advancing AI-driven digital banking services in Azerbaijan and the wider South Caucasus region. By integrating conversational artificial intelligence into its digital ecosystem, the bank aims to make everyday banking more intuitive, faster, and more convenient for customers.
The number of generative and predictive models applied in various directions has now reached 180, generating more than 35 million AZN in positive financial impact for the bank.
Security remains a top priority in the development of the new AI assistants. All operations performed through AI-nur and AI-khan are conducted within Bank ABB’s secure digital infrastructure, ensuring that customer data and financial transactions are protected according to the highest banking and cybersecurity standards.
Bank ABB plans to continue expanding the capabilities of AI-nur and AI-khan in the near future, introducing additional features that will allow customers to access more banking services through AI-powered interaction.
More information about Bank ABB’s modern products and services is available on the official website, and via Bank ABB’s official social media pages.
SOURCE: Bank ABB - International Bank of Azerbaijan
--BERNAMA
Thursday, June 4, 2026
Wednesday, June 3, 2026
EXPEREO REPORT: FIRMS RUSH INTO AI INVESTMENT AMID ROI CONCERNS
KUALA LUMPUR, June 3 (Bernama) -- Expereo, a managed Network as a Service provider, stated that enterprise artificial intelligence (AI) spending is rising rapidly as organisations race to deploy the technology faster than they can assess its effectiveness.
According to the latest IDC InfoBrief commissioned by Expereo, about 70 per cent of organisations are investing in AI, driven by its potential and concerns about falling behind competitors, although many continue to lag in disciplined return on investment (ROI) evaluation.
In a statement, Expereo said one in five organisations (20 per cent) admitted they were investing aggressively in AI with limited evaluation, largely due to fears of being left behind.
Based on a survey of 800 technology leaders across Europe, the United States and Asia Pacific (APAC), the report found that AI has become one of the world's top technology investment priorities, with 51 per cent of organisations saying they plan to prioritise AI or machine learning over the next 12 months.
However, returns have yet to match expectations. Only 19 per cent of organisations surveyed said their AI implementations had exceeded expectations, while just five per cent reported significantly exceeding them.
The most frequently cited reasons for underperformance were inadequate or poor-quality training data (51 per cent), higher-than-expected costs or failure to achieve ROI (47 per cent), and AI systems not performing as expected (46 per cent).
The report also highlighted a network and infrastructure readiness gap. Among organisations whose AI implementations failed to meet expectations, 26 per cent cited inadequate network or connectivity performance as a contributing factor. Looking ahead, 54 per cent said they would require more flexible and scalable networks to thrive in an AI-driven environment.
The pressure to invest is most pronounced in APAC, where 37 per cent of organisations admitted investing aggressively in AI due to fears of being left behind, nearly double the global average and significantly higher than the United States (10 per cent) and Europe (13 per cent).
APAC also leads in AI adoption, with 35 per cent of organisations reporting extensive AI use across their operations, compared with a global average of 25 per cent.
The survey also found growing concerns over the long-term risks of AI investment. Some 54 per cent of technology leaders cited new security risks as a significant future threat, while 39 per cent expressed concern about losing visibility over AI-related costs and ROI once the technology becomes embedded across the business.
-- BERNAMA
According to the latest IDC InfoBrief commissioned by Expereo, about 70 per cent of organisations are investing in AI, driven by its potential and concerns about falling behind competitors, although many continue to lag in disciplined return on investment (ROI) evaluation.
In a statement, Expereo said one in five organisations (20 per cent) admitted they were investing aggressively in AI with limited evaluation, largely due to fears of being left behind.
Based on a survey of 800 technology leaders across Europe, the United States and Asia Pacific (APAC), the report found that AI has become one of the world's top technology investment priorities, with 51 per cent of organisations saying they plan to prioritise AI or machine learning over the next 12 months.
However, returns have yet to match expectations. Only 19 per cent of organisations surveyed said their AI implementations had exceeded expectations, while just five per cent reported significantly exceeding them.
The most frequently cited reasons for underperformance were inadequate or poor-quality training data (51 per cent), higher-than-expected costs or failure to achieve ROI (47 per cent), and AI systems not performing as expected (46 per cent).
The report also highlighted a network and infrastructure readiness gap. Among organisations whose AI implementations failed to meet expectations, 26 per cent cited inadequate network or connectivity performance as a contributing factor. Looking ahead, 54 per cent said they would require more flexible and scalable networks to thrive in an AI-driven environment.
The pressure to invest is most pronounced in APAC, where 37 per cent of organisations admitted investing aggressively in AI due to fears of being left behind, nearly double the global average and significantly higher than the United States (10 per cent) and Europe (13 per cent).
APAC also leads in AI adoption, with 35 per cent of organisations reporting extensive AI use across their operations, compared with a global average of 25 per cent.
The survey also found growing concerns over the long-term risks of AI investment. Some 54 per cent of technology leaders cited new security risks as a significant future threat, while 39 per cent expressed concern about losing visibility over AI-related costs and ROI once the technology becomes embedded across the business.
-- BERNAMA
INSTRUQT REPORT FINDS 92 PCT FACE DEVELOPER ADOPTION CHALLENGES
KUALA LUMPUR, June 3 (Bernama) -- Instruqt has released its annual report, The State of Developer Adoption, revealing that 92 per cent of respondents face at least one significant developer adoption challenge.
According to Instruqt in a statement, the most cited causes are misalignment across teams (27 per cent), technology complexity (26 per cent), and the difficulty of keeping content accurate as products ship weekly (25 per cent).
The report is the first independent benchmark examining how marketing, sales and education teams are responding to the widening gap between the pace of artificial intelligence (AI) feature releases and the pace at which customers can adopt them.
Based on a SlashData 2026 survey involving 424 marketing, sales and developer education practitioners at North American software companies, the report found that organisations using hands-on learning experiences were approximately 50 per cent more likely to report developers reaching productivity within two months than those that did not.
The findings also point to a structural shift in how business-to-business (B2B) software companies need to operate as AI adoption accelerates.
Other notable findings include developer communities remaining the most underutilised adoption lever, high-impact pre-sales experiences being underused, differing definitions of successful hands-on experiences across teams, and growing AI adoption despite declining confidence in some applications.
For developer-focused software companies, the report suggests that customer adoption is becoming an increasingly important determinant of growth as innovation cycles accelerate.
As part of broader adoption strategies, many fast-growing software companies have invested heavily in hands-on education, self-paced labs, interactive product experiences and developer enablement programmes.
Earlier this month, Google Cloud Security selected Instruqt to launch its Agentic SOC experience at Google Cloud Next 2026, training 50 practitioners in a single workshop with a dedicated Vertex AI environment for each participant.
-- BERNAMA
According to Instruqt in a statement, the most cited causes are misalignment across teams (27 per cent), technology complexity (26 per cent), and the difficulty of keeping content accurate as products ship weekly (25 per cent).
The report is the first independent benchmark examining how marketing, sales and education teams are responding to the widening gap between the pace of artificial intelligence (AI) feature releases and the pace at which customers can adopt them.
Based on a SlashData 2026 survey involving 424 marketing, sales and developer education practitioners at North American software companies, the report found that organisations using hands-on learning experiences were approximately 50 per cent more likely to report developers reaching productivity within two months than those that did not.
The findings also point to a structural shift in how business-to-business (B2B) software companies need to operate as AI adoption accelerates.
Other notable findings include developer communities remaining the most underutilised adoption lever, high-impact pre-sales experiences being underused, differing definitions of successful hands-on experiences across teams, and growing AI adoption despite declining confidence in some applications.
For developer-focused software companies, the report suggests that customer adoption is becoming an increasingly important determinant of growth as innovation cycles accelerate.
As part of broader adoption strategies, many fast-growing software companies have invested heavily in hands-on education, self-paced labs, interactive product experiences and developer enablement programmes.
Earlier this month, Google Cloud Security selected Instruqt to launch its Agentic SOC experience at Google Cloud Next 2026, training 50 practitioners in a single workshop with a dedicated Vertex AI environment for each participant.
-- BERNAMA
Tuesday, June 2, 2026
AM BEST UPGRADES FUSURE REINSURANCE ON CAPITAL STRENGTH, TENCENT BACKING
KUALA LUMPUR, June 3 (Bernama) -- Global credit rating agency, AM Best has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the long-term issuer credit ratings to “a” (Excellent) from “a-” (Excellent) of Hong Kong’s FuSure Reinsurance Company Limited (FuSure).
The outlook of these credit ratings (ratings) is stable, reflecting FuSure’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
According to AM Best in a statement, the ratings also reflect the implicit and explicit support from its ultimate parent, Tencent Holdings Limited (Tencent).
The upgrade reflects FuSure’s strengthened balance sheet, supported by two rounds of capital injections from shareholders and anticipated additional capital commitments in the medium term, alongside the company’s successful execution of its business plan.
Since its establishment in 2021, FuSure has focused on building its presence in health reinsurance in the Greater China region while leveraging Tencent’s support in business development, product innovation, and distribution.
While health reinsurance remains its core business, FuSure has been diversifying across product lines, geographies, distribution channels, and client segments, including expansion into long-term health reinsurance and commercial property business.
The company’s strong balance sheet is supported by risk-adjusted capitalisation at the strongest level as of year-end 2025 and in projected years, as measured by Best’s Capital Adequacy Ratio. Additional supporting factors include its diversified and liquid investment portfolio, mainly in fixed income and cash equivalents, and a conservative reinsurance strategy with high-credit-quality retrocessionaires.
FuSure has delivered positive operating performance since its second year of operation and continues to execute its business plan with discipline, consistently meeting its budgeted bottom line, supported largely by stable investment income from its fixed-income portfolio.
AM Best expects FuSure to continue benefiting from its parent group through both explicit capital support and implicit advantages, including competitive strengths in health product design and pricing sophistication.
-- BERNAMA
The outlook of these credit ratings (ratings) is stable, reflecting FuSure’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
According to AM Best in a statement, the ratings also reflect the implicit and explicit support from its ultimate parent, Tencent Holdings Limited (Tencent).
The upgrade reflects FuSure’s strengthened balance sheet, supported by two rounds of capital injections from shareholders and anticipated additional capital commitments in the medium term, alongside the company’s successful execution of its business plan.
Since its establishment in 2021, FuSure has focused on building its presence in health reinsurance in the Greater China region while leveraging Tencent’s support in business development, product innovation, and distribution.
While health reinsurance remains its core business, FuSure has been diversifying across product lines, geographies, distribution channels, and client segments, including expansion into long-term health reinsurance and commercial property business.
The company’s strong balance sheet is supported by risk-adjusted capitalisation at the strongest level as of year-end 2025 and in projected years, as measured by Best’s Capital Adequacy Ratio. Additional supporting factors include its diversified and liquid investment portfolio, mainly in fixed income and cash equivalents, and a conservative reinsurance strategy with high-credit-quality retrocessionaires.
FuSure has delivered positive operating performance since its second year of operation and continues to execute its business plan with discipline, consistently meeting its budgeted bottom line, supported largely by stable investment income from its fixed-income portfolio.
AM Best expects FuSure to continue benefiting from its parent group through both explicit capital support and implicit advantages, including competitive strengths in health product design and pricing sophistication.
-- BERNAMA
Bitdeer Launches SEALMINER DL1 Hydro Achieving 52.5 GH/s and 149 J/GH Power Efficiency
SINGAPORE, June 3 (Bernama-GLOBE NEWSWIRE) -- Bitdeer Technologies Group (NASDAQ: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for AI and Bitcoin mining infrastructure, today announced the launch of its latest hydro-cooling mining machine, the SEALMINER DL1 Hydro. Designed for Scrypt algorithm mining, the DL1 Hydro integrates Bitdeer’s proprietary ASIC technology with a hydro-cooling thermal management system.
The SEALMINER DL1 Hydro is engineered to address hashrate density and energy consumption requirements for industrial-scale operations. By utilizing a hydro-cooling architecture, the machine is designed to maintain operational stability while managing the thermal demands of high-density data center environments.
Key Specifications of the SEALMINER DL1 Hydro*:Hash Rate: 52.5 GH/s
Power Efficiency: 149 J/GH
Power Consumption: 7,823 W
Supported Coins: Litecoin (LTC), Dogecoin (DOGE), Bellscoin (BELLS), Junkcoin (JKC), Luckycoin (LKY), and Pepecoin (PEP)
The DL1 Hydro features a standardized 2U form factor and a net weight of 21kg. This compact design facilitates optimal rack space utilization and streamlines installation in professional mining facilities. In addition to its compact form factor, the machine offers flexible performance modes to accommodate fluctuating power costs and network conditions.
In addition to the standard configuration, its proprietary High Hashrate Mode reaches an output of up to 55 GH/s at 157 J/GH for scenarios requiring enhanced performance, while the Low Power Mode prioritizes energy efficiency, delivering 42.5 GH/s at 132 J/GH to allow for precise operational optimization based on specific requirements.
The launch of the SEALMINER DL1 Hydro reinforces the focus on improving operational stability and hashrate density through hydro-cooling technology. Bitdeer will continue to uphold its principles of “Innovation, Efficiency, and Stability”, delivering high-quality and reliable products and services to miners worldwide.
*Note: Product performance may vary by ±5% in hashrate and power efficiency, and by ±10% in power consumption. Final specifications are based on delivered units.
About Bitdeer Technologies Group
Bitdeer is a world-leading technology company for AI and Bitcoin mining infrastructure. Bitdeer is committed to providing comprehensive Bitcoin mining solutions for its customers and building AI computational infrastructure to support the AI revolution. Bitdeer handles complex processes involved in computing such as equipment procurement, transport logistics, data center design and construction, equipment management, and daily operations. Bitdeer also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed data centers across multiple countries, including the United States, Norway, Bhutan, and Ethiopia.
About SEALMINER
SEALMINER, a pioneering brand of mining machines under Bitdeer Technologies Group (NASDAQ: BTDR), specializes in offering efficient and sustainable mining solutions. SEALMINER integrates Bitdeer's self-developed SEAL series of mining chips manufactured using advanced process nodes. By continuously improving power efficiency ratios, SEALMINER is dedicated to providing innovative, efficient, and reliable products and services to customers worldwide. To learn more, visit https://www.bitdeer.com/ or follow Bitdeer on X @Bitdeer and LinkedIn @Bitdeer.
Forward-Looking Statements
Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “could,” “expect,” “intend,” “may,” “plan,” “should,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements include, among others, statements regarding the expected performance, efficiency, deployment, mining output, or potential returns relating to Bitdeer’s products. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially include, but are not limited to, changes in cryptocurrency market prices, network difficulty and global hash rate, mining pool performance, electricity costs, operating conditions, regulatory developments, supply chain constraints, technological performance of the products, as well as potential risks, uncertainties and other factors discussed in the section entitled “Risk Factors” in Bitdeer’s annual report on Form 20-F, as well as those discussed in Bitdeer’s subsequent filings with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements as there are important factors that could cause actual results to differ materially from those in forward-looking statements, many of which are beyond Bitdeer’s control. Any forward-looking statements contained in this press release speak only as of the date hereof. Bitdeer specifically disclaims any obligation to update any forward-looking statement, whether due to new information, future events, or otherwise. Readers should not rely upon the information on this page as current or accurate after its publication date.
References to specific cryptocurrencies (including LTC, DOGE, BELLS, JKC, LKY, and PEP) are descriptive of algorithmic compatibility only and do not constitute investment advice, an offer, a solicitation, or a recommendation to acquire, hold, or trade any cryptocurrency or other digital asset.
Contacts
For Promotional Partnerships
marketing@bitdeer.com
For Sales Consultations:
sales@bitdeer.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/45544ee3-9cf6-4e4a-819d-773ea02114ba
SOURCE: Sealminer
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
The SEALMINER DL1 Hydro is engineered to address hashrate density and energy consumption requirements for industrial-scale operations. By utilizing a hydro-cooling architecture, the machine is designed to maintain operational stability while managing the thermal demands of high-density data center environments.
Key Specifications of the SEALMINER DL1 Hydro*:Hash Rate: 52.5 GH/s
Power Efficiency: 149 J/GH
Power Consumption: 7,823 W
Supported Coins: Litecoin (LTC), Dogecoin (DOGE), Bellscoin (BELLS), Junkcoin (JKC), Luckycoin (LKY), and Pepecoin (PEP)
The DL1 Hydro features a standardized 2U form factor and a net weight of 21kg. This compact design facilitates optimal rack space utilization and streamlines installation in professional mining facilities. In addition to its compact form factor, the machine offers flexible performance modes to accommodate fluctuating power costs and network conditions.
In addition to the standard configuration, its proprietary High Hashrate Mode reaches an output of up to 55 GH/s at 157 J/GH for scenarios requiring enhanced performance, while the Low Power Mode prioritizes energy efficiency, delivering 42.5 GH/s at 132 J/GH to allow for precise operational optimization based on specific requirements.
The launch of the SEALMINER DL1 Hydro reinforces the focus on improving operational stability and hashrate density through hydro-cooling technology. Bitdeer will continue to uphold its principles of “Innovation, Efficiency, and Stability”, delivering high-quality and reliable products and services to miners worldwide.
*Note: Product performance may vary by ±5% in hashrate and power efficiency, and by ±10% in power consumption. Final specifications are based on delivered units.
About Bitdeer Technologies Group
Bitdeer is a world-leading technology company for AI and Bitcoin mining infrastructure. Bitdeer is committed to providing comprehensive Bitcoin mining solutions for its customers and building AI computational infrastructure to support the AI revolution. Bitdeer handles complex processes involved in computing such as equipment procurement, transport logistics, data center design and construction, equipment management, and daily operations. Bitdeer also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed data centers across multiple countries, including the United States, Norway, Bhutan, and Ethiopia.
About SEALMINER
SEALMINER, a pioneering brand of mining machines under Bitdeer Technologies Group (NASDAQ: BTDR), specializes in offering efficient and sustainable mining solutions. SEALMINER integrates Bitdeer's self-developed SEAL series of mining chips manufactured using advanced process nodes. By continuously improving power efficiency ratios, SEALMINER is dedicated to providing innovative, efficient, and reliable products and services to customers worldwide. To learn more, visit https://www.bitdeer.com/ or follow Bitdeer on X @Bitdeer and LinkedIn @Bitdeer.
Forward-Looking Statements
Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “could,” “expect,” “intend,” “may,” “plan,” “should,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements include, among others, statements regarding the expected performance, efficiency, deployment, mining output, or potential returns relating to Bitdeer’s products. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially include, but are not limited to, changes in cryptocurrency market prices, network difficulty and global hash rate, mining pool performance, electricity costs, operating conditions, regulatory developments, supply chain constraints, technological performance of the products, as well as potential risks, uncertainties and other factors discussed in the section entitled “Risk Factors” in Bitdeer’s annual report on Form 20-F, as well as those discussed in Bitdeer’s subsequent filings with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements as there are important factors that could cause actual results to differ materially from those in forward-looking statements, many of which are beyond Bitdeer’s control. Any forward-looking statements contained in this press release speak only as of the date hereof. Bitdeer specifically disclaims any obligation to update any forward-looking statement, whether due to new information, future events, or otherwise. Readers should not rely upon the information on this page as current or accurate after its publication date.
References to specific cryptocurrencies (including LTC, DOGE, BELLS, JKC, LKY, and PEP) are descriptive of algorithmic compatibility only and do not constitute investment advice, an offer, a solicitation, or a recommendation to acquire, hold, or trade any cryptocurrency or other digital asset.
Contacts
For Promotional Partnerships
marketing@bitdeer.com
For Sales Consultations:
sales@bitdeer.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/45544ee3-9cf6-4e4a-819d-773ea02114ba
SOURCE: Sealminer
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Monday, May 25, 2026
ICHAM UNVEILS SINGAPORE VCC FUND TARGETING US EQUITIES
KUALA LUMPUR, May 26 (Bernama) -- ICHAM Pte Ltd, a regional multi-family office and alternative asset manager, has launched a new open-ended Singapore Variable Capital Company (VCC) fund that invests in selected sectors of United States (US) equities and incorporates option-based strategies.
The fund aims to provide periodic income generation potential and total returns for investors and is available exclusively to accredited and institutional investors, according to ICHAM in a statement.
ICHAM Chief Executive Officer, Archan Chamapun said the investment strategy combines a value-orientated approach with an income-focused overlay within US equities to enhance income generation potential and total returns.
“The fund is designed to offer a sector rotation approach to US large-cap equities beyond traditional market cap weights,” he said.
Meanwhile, the fund’s lead Portfolio Manager, Felix Chew said the investment approach is designed to balance participation in equity markets while targeting periodic income distribution objectives across different market conditions.
With US equity valuations near historic highs and interest rates remaining volatile, the fund may appeal to accredited and institutional investors seeking income-orientated strategies in the current market environment.
Backed by academic research, the fund adopts a rules-based institutional investment framework focused on long-term risk management within a systematic investment framework for investors in the long term.
ICHAM has been serving accredited and institutional investors with tailored investment solutions since 2019 and is recognised for its expertise in alternative asset classes and structured products.
-- BERNAMA
The fund aims to provide periodic income generation potential and total returns for investors and is available exclusively to accredited and institutional investors, according to ICHAM in a statement.
ICHAM Chief Executive Officer, Archan Chamapun said the investment strategy combines a value-orientated approach with an income-focused overlay within US equities to enhance income generation potential and total returns.
“The fund is designed to offer a sector rotation approach to US large-cap equities beyond traditional market cap weights,” he said.
Meanwhile, the fund’s lead Portfolio Manager, Felix Chew said the investment approach is designed to balance participation in equity markets while targeting periodic income distribution objectives across different market conditions.
With US equity valuations near historic highs and interest rates remaining volatile, the fund may appeal to accredited and institutional investors seeking income-orientated strategies in the current market environment.
Backed by academic research, the fund adopts a rules-based institutional investment framework focused on long-term risk management within a systematic investment framework for investors in the long term.
ICHAM has been serving accredited and institutional investors with tailored investment solutions since 2019 and is recognised for its expertise in alternative asset classes and structured products.
-- BERNAMA
Sunday, May 24, 2026
ABAXX LAUNCHES SILVER SINGAPORE FUTURES TRADING
KUALA LUMPUR, May 25 (Bernama) -- Abaxx Technologies Inc (Abaxx), a financial software and market infrastructure company, announced that trading has commenced in Silver Singapore (SSP) futures, expanding Abaxx Exchange’s precious metals product suite.
The contract is designed to address the gap between global silver price formation and the physical requirements of Asia’s industrial silver market, where demand for higher-purity material is increasing across solar and advanced electronics supply chains.
By establishing a physically deliverable four-nines silver benchmark in Singapore, Abaxx SSP futures are intended to support more direct price discovery and hedging for commercial participants managing physical silver exposure in the region.
According to a statement, the Abaxx SSP futures contract is a United States dollar-denominated, 1,000-troy-ounce, physically deliverable product of 0.9999 fineness, with delivery into approved vaults in Singapore, including Brink’s Singapore.
Silver Institute President and Chief Executive Officer Michael DiRienzo said the launch marks a meaningful step forward for the global silver market, adding that Abaxx is addressing a long-standing gap in price discovery for Asia’s industrial silver users.
“The Silver Institute welcomes innovations that strengthen market infrastructure and give commercial participants better tools to manage their physical silver exposure,” he said.
SSP futures are available for trading from 10 am for 14 hours on weekdays, except Singapore public holidays.
-- BERNAMA
The contract is designed to address the gap between global silver price formation and the physical requirements of Asia’s industrial silver market, where demand for higher-purity material is increasing across solar and advanced electronics supply chains.
By establishing a physically deliverable four-nines silver benchmark in Singapore, Abaxx SSP futures are intended to support more direct price discovery and hedging for commercial participants managing physical silver exposure in the region.
According to a statement, the Abaxx SSP futures contract is a United States dollar-denominated, 1,000-troy-ounce, physically deliverable product of 0.9999 fineness, with delivery into approved vaults in Singapore, including Brink’s Singapore.
Silver Institute President and Chief Executive Officer Michael DiRienzo said the launch marks a meaningful step forward for the global silver market, adding that Abaxx is addressing a long-standing gap in price discovery for Asia’s industrial silver users.
“The Silver Institute welcomes innovations that strengthen market infrastructure and give commercial participants better tools to manage their physical silver exposure,” he said.
SSP futures are available for trading from 10 am for 14 hours on weekdays, except Singapore public holidays.
-- BERNAMA
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