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
Saturday, May 23, 2026
Pyxis Group and Principia Consulting Form Strategic Joint Venture to Expand Global Advisory and Technology Services
Global partnership unites world-class CTRM implementation expertise with deep commodity markets advisory capabilities
HOUSTON, May 18 (Bernama-BUSINESS WIRE) -- Pyxis Group and Principia Consulting today announced the formation of a strategic joint venture to jointly serve the global commodity and energy markets. The partnership brings together two highly specialized firms whose capabilities are designed to complement each other. This joint venture creates a combined offering that addresses the full spectrum of what commodity trading firms, energy companies, and financial institutions need to compete and grow.
For Pyxis Group, the partnership builds on a strong foundation in business transformation, mergers and acquisitions, business transformation, organizational change management, and artificial intelligence. Pyxis brings particular depth in the midstream and downstream oil and gas sectors, where the firm has advised on acquisitions and divestitures of assets, businesses, and trading operations across refining, terminaling, distribution, and supply and trading. That M&A experience, combined with Pyxis’s operational transformation capabilities, gives clients a partner who understands not just how to buy and sell businesses but how to integrate, optimize, and grow them once the deal is done.
For Principia Consulting, the partnership reflects the firm’s standing as one of the most respected CTRM implementation specialists in the global commodity markets. Principia is recognized as a leading implementation partner for Aspect, with exceptional strength in the energy, agricultural, soft commodities, and metals trading sectors where the platform is most widely deployed. The firm’s expertise extends across Openlink Endur, RightAngle, and Allegro as well, positioning it as one of the most broadly capable CTRM implementation firms serving global commodity markets today. The addition of RightAngle to Principia’s platform portfolio further strengthens the joint venture’s ability to serve clients in the liquid hydrocarbons, refined products, and midstream sectors where RightAngle is the system of choice for many of the world’s largest energy companies.
Together, the two firms offer clients a seamless solution from strategy through execution, covering operating model design, system selection, full CTRM implementation, middle office build, organizational change management, and AI-enabled trade lifecycle automation.
“The commodity and energy markets have never been more complex, and clients are telling us they need a partner who can do more than one thing well. Principia’s Aspect capability in the ags and metals space is genuinely best in class, and their breadth across Endur, RightAngle, and Allegro means we can now offer clients a fully integrated advisory and implementation solution anywhere in the world. RightAngle is highly relevant to our midstream and downstream oil and gas clients in North America and having Principia’s implementation depth on that platform alongside Pyxis’s M&A and transformation expertise is a very powerful combination. Include our organizational change management capability to help teams adopt and embrace new systems and ways of working, the combined offering becomes something clients simply have not been able to access from a single partner before.”
Matt Flanagan, Partner, Pyxis Group
“Principia has built its reputation by going deep where others go broad. We have invested heavily in Aspect, Endur, RightAngle, and other CTRMs because those are the platforms that power some of the most important commodity trading businesses in the world, and our clients expect us to know them inside out. The breadth of our platform coverage, combined with Pyxis’s core advisory capabilities spanning M&A, business transformation, and organizational change management means we can now serve clients across a far wider range of sectors and geographies than either firm could reach alone. This is a partnership built around what clients actually need, and we are very excited about what it will deliver.”
Doug Gyani, CEO and Founder, Principia Consulting
The joint venture materially expands the geographic reach available to clients of both firms. Principia brings established offices in Dubai, Singapore, and India, serving a client base that spans Europe, the Middle East, and Asia Pacific. Pyxis Group brings deep North American and European market presence, with specialized experience across the midstream and downstream oil and gas sectors that is highly relevant to clients across the Gulf region and Southeast Asia. Together, the firms cover every major commodity trading hub in the world.
Principia clients will gain direct access to Pyxis’s M&A capabilities for acquisitions and divestitures, business transformation, organizational change management, and AI-driven process innovation at the earliest stages of any technology or operating model engagement. Pyxis clients will benefit from Principia’s platform depth and global implementation track record, particularly in markets where ASPECT, Endur, RightAngle, and Allegro are most widely deployed.
About Pyxis Group
Pyxis Group is a specialist advisory firm serving the global commodity and energy markets. The firm advises trading companies, energy businesses, and financial institutions across mergers and acquisitions, divestitures, business process optimization, business transformation, organizational change management, and artificial intelligence. Pyxis has deep expertise in the midstream and downstream oil and gas sectors, with a strong track record advising on the acquisition and divestiture of trading operations, terminaling assets, refining businesses, and distribution networks. Pyxis is known for a practitioner-led approach that brings real trading and markets experience to every engagement.
For more information on Pyxis Group, please visit PyxisAdvisory.com
About Principia Consulting
Principia Consulting is a leading CTRM implementation and commodity markets technology firm recognized as one of the foremost specialists in ASPECT deployments globally, with particular strength in the agricultural, soft commodities, and metals trading sectors. Founded by Doug Gyani, the firm’s implementation expertise spans ASPECT, Openlink Endur, RightAngle, and Allegro, among other leading platforms. With offices in Dubai, Singapore, and India and a client base spanning Europe, the Middle East, and Asia Pacific, Principia brings deep platform expertise, sector knowledge, and a proven track record of delivering complex, large-scale trading system implementations on time and at scale.
For more information on Principia Consulting, please visit Principia-Consulting.com
View source version on businesswire.com:
https://www.businesswire.com/news/home/20260515751998/en/
Contact
Media Contacts
Pyxis Group
Lisa Gochman, lisa@lisagochman.com
Source : Pyxis Group
--BERNAMA For Pyxis Group, the partnership builds on a strong foundation in business transformation, mergers and acquisitions, business transformation, organizational change management, and artificial intelligence. Pyxis brings particular depth in the midstream and downstream oil and gas sectors, where the firm has advised on acquisitions and divestitures of assets, businesses, and trading operations across refining, terminaling, distribution, and supply and trading. That M&A experience, combined with Pyxis’s operational transformation capabilities, gives clients a partner who understands not just how to buy and sell businesses but how to integrate, optimize, and grow them once the deal is done.
For Principia Consulting, the partnership reflects the firm’s standing as one of the most respected CTRM implementation specialists in the global commodity markets. Principia is recognized as a leading implementation partner for Aspect, with exceptional strength in the energy, agricultural, soft commodities, and metals trading sectors where the platform is most widely deployed. The firm’s expertise extends across Openlink Endur, RightAngle, and Allegro as well, positioning it as one of the most broadly capable CTRM implementation firms serving global commodity markets today. The addition of RightAngle to Principia’s platform portfolio further strengthens the joint venture’s ability to serve clients in the liquid hydrocarbons, refined products, and midstream sectors where RightAngle is the system of choice for many of the world’s largest energy companies.
Together, the two firms offer clients a seamless solution from strategy through execution, covering operating model design, system selection, full CTRM implementation, middle office build, organizational change management, and AI-enabled trade lifecycle automation.
“The commodity and energy markets have never been more complex, and clients are telling us they need a partner who can do more than one thing well. Principia’s Aspect capability in the ags and metals space is genuinely best in class, and their breadth across Endur, RightAngle, and Allegro means we can now offer clients a fully integrated advisory and implementation solution anywhere in the world. RightAngle is highly relevant to our midstream and downstream oil and gas clients in North America and having Principia’s implementation depth on that platform alongside Pyxis’s M&A and transformation expertise is a very powerful combination. Include our organizational change management capability to help teams adopt and embrace new systems and ways of working, the combined offering becomes something clients simply have not been able to access from a single partner before.”
Matt Flanagan, Partner, Pyxis Group
“Principia has built its reputation by going deep where others go broad. We have invested heavily in Aspect, Endur, RightAngle, and other CTRMs because those are the platforms that power some of the most important commodity trading businesses in the world, and our clients expect us to know them inside out. The breadth of our platform coverage, combined with Pyxis’s core advisory capabilities spanning M&A, business transformation, and organizational change management means we can now serve clients across a far wider range of sectors and geographies than either firm could reach alone. This is a partnership built around what clients actually need, and we are very excited about what it will deliver.”
Doug Gyani, CEO and Founder, Principia Consulting
The joint venture materially expands the geographic reach available to clients of both firms. Principia brings established offices in Dubai, Singapore, and India, serving a client base that spans Europe, the Middle East, and Asia Pacific. Pyxis Group brings deep North American and European market presence, with specialized experience across the midstream and downstream oil and gas sectors that is highly relevant to clients across the Gulf region and Southeast Asia. Together, the firms cover every major commodity trading hub in the world.
Principia clients will gain direct access to Pyxis’s M&A capabilities for acquisitions and divestitures, business transformation, organizational change management, and AI-driven process innovation at the earliest stages of any technology or operating model engagement. Pyxis clients will benefit from Principia’s platform depth and global implementation track record, particularly in markets where ASPECT, Endur, RightAngle, and Allegro are most widely deployed.
About Pyxis Group
Pyxis Group is a specialist advisory firm serving the global commodity and energy markets. The firm advises trading companies, energy businesses, and financial institutions across mergers and acquisitions, divestitures, business process optimization, business transformation, organizational change management, and artificial intelligence. Pyxis has deep expertise in the midstream and downstream oil and gas sectors, with a strong track record advising on the acquisition and divestiture of trading operations, terminaling assets, refining businesses, and distribution networks. Pyxis is known for a practitioner-led approach that brings real trading and markets experience to every engagement.
For more information on Pyxis Group, please visit PyxisAdvisory.com
About Principia Consulting
Principia Consulting is a leading CTRM implementation and commodity markets technology firm recognized as one of the foremost specialists in ASPECT deployments globally, with particular strength in the agricultural, soft commodities, and metals trading sectors. Founded by Doug Gyani, the firm’s implementation expertise spans ASPECT, Openlink Endur, RightAngle, and Allegro, among other leading platforms. With offices in Dubai, Singapore, and India and a client base spanning Europe, the Middle East, and Asia Pacific, Principia brings deep platform expertise, sector knowledge, and a proven track record of delivering complex, large-scale trading system implementations on time and at scale.
For more information on Principia Consulting, please visit Principia-Consulting.com
View source version on businesswire.com:
https://www.businesswire.com/news/home/20260515751998/en/
Contact
Media Contacts
Pyxis Group
Lisa Gochman, lisa@lisagochman.com
Source : Pyxis Group
Thursday, May 21, 2026
InterSystems Expands Indonesia Presence with Jakarta Office
New office supports data platform growth across industries.
JAKARTA, Indonesia, May 22 (Bernama-BUSINESS WIRE) -- InterSystems, a creative data technology provider dedicated to solving critical scalability, interoperability, and speed challenges for its customers, today announced the opening of its new office in Jakarta. The opening marks a significant step in deepening the company’s long-term investment in Indonesia and supporting the country’s accelerating digital transformation across industries including financial services, supply chain, and healthcare.
The new office reinforces InterSystems commitment to Indonesia as a strategic growth market in Southeast Asia, enabling closer collaboration with customers, partners, and government stakeholders to address the country’s evolving data platform, interoperability, and digital infrastructure needs.
Indonesia’s digital economy is expanding rapidly, driven by strong growth in cloud computing, data platforms, and artificial intelligence (AI). Organizations across sectors are increasingly focused on integrating fragmented systems, unlocking real-time insights, and improving operational resilience through data-driven strategies.
This transformation is creating significant market opportunities. Across industries, demand is rising for high-performance data platforms that can support real-time analytics, seamless system integration, and AI-enabled decision-making.
InterSystems technologies, including the InterSystems IRIS® Data Platform and InterSystems IntelliCare™ unified healthcare information system, are deployed by organizations across Indonesia. The company works with enterprises, system integrators, and digital partners across financial services, logistics, and healthcare to enable interoperability, streamline operations, and support the adoption of AI.
“Indonesia is at an inflection point where organizations are looking to turn increasing volumes of data into actionable insight. There is a growing need for reliable, interoperable, and real-time data platforms that can support innovation at scale. The opening of our new Jakarta office reflects our long-term commitment to Indonesia and allows us to work more closely with customers and partners to help turn their ambitions into outcomes,” said Luciano Brustia, Regional Managing Director, Asia Pacific, InterSystems.
Priorities for the Expanded Local Presence
Through its expanded local presence, InterSystems is set to deepen engagement with its growing Indonesian customer base by delivering localized expertise and accelerating implementation timelines. The company will further strengthen collaboration with partners across financial services, supply chain, and healthcare sectors, while actively supporting national priorities around data integration, interoperability, and digital resilience.
InterSystems solutions address key challenges across industries, including data silos, fragmented systems, and the increasing need for real-time analytics to support operational and strategic decision-making. By enabling seamless data exchange and high-performance analytics, InterSystems helps organizations build more connected and resilient digital ecosystems.
About InterSystems
InterSystems, a creative data technology provider, delivers a unified foundation for next-generation applications for healthcare, finance, manufacturing, and supply chain customers in more than 80 countries. Our data platforms solve interoperability, speed, and scalability problems for large organizations around the globe to unlock the power of data and allow people to perceive data in imaginative ways. Established in 1978, InterSystems is committed to excellence through its 24×7 support for customers and partners around the world. Privately held and headquartered in Boston, Massachusetts, InterSystems has 38 offices in 28 countries worldwide. For more information, please visit InterSystems.com.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20260521098268/en/
Contact
Media Contact
Redhill Indonesia on behalf of InterSystems
Asep Budiman
Senior Account Manager
asep.budiman@redhill.asia
+62 813 9520 6113
Source : InterSystems
JAKARTA, Indonesia, May 22 (Bernama-BUSINESS WIRE) -- InterSystems, a creative data technology provider dedicated to solving critical scalability, interoperability, and speed challenges for its customers, today announced the opening of its new office in Jakarta. The opening marks a significant step in deepening the company’s long-term investment in Indonesia and supporting the country’s accelerating digital transformation across industries including financial services, supply chain, and healthcare.
The new office reinforces InterSystems commitment to Indonesia as a strategic growth market in Southeast Asia, enabling closer collaboration with customers, partners, and government stakeholders to address the country’s evolving data platform, interoperability, and digital infrastructure needs.
Indonesia’s digital economy is expanding rapidly, driven by strong growth in cloud computing, data platforms, and artificial intelligence (AI). Organizations across sectors are increasingly focused on integrating fragmented systems, unlocking real-time insights, and improving operational resilience through data-driven strategies.
This transformation is creating significant market opportunities. Across industries, demand is rising for high-performance data platforms that can support real-time analytics, seamless system integration, and AI-enabled decision-making.
InterSystems technologies, including the InterSystems IRIS® Data Platform and InterSystems IntelliCare™ unified healthcare information system, are deployed by organizations across Indonesia. The company works with enterprises, system integrators, and digital partners across financial services, logistics, and healthcare to enable interoperability, streamline operations, and support the adoption of AI.
“Indonesia is at an inflection point where organizations are looking to turn increasing volumes of data into actionable insight. There is a growing need for reliable, interoperable, and real-time data platforms that can support innovation at scale. The opening of our new Jakarta office reflects our long-term commitment to Indonesia and allows us to work more closely with customers and partners to help turn their ambitions into outcomes,” said Luciano Brustia, Regional Managing Director, Asia Pacific, InterSystems.
Priorities for the Expanded Local Presence
Through its expanded local presence, InterSystems is set to deepen engagement with its growing Indonesian customer base by delivering localized expertise and accelerating implementation timelines. The company will further strengthen collaboration with partners across financial services, supply chain, and healthcare sectors, while actively supporting national priorities around data integration, interoperability, and digital resilience.
InterSystems solutions address key challenges across industries, including data silos, fragmented systems, and the increasing need for real-time analytics to support operational and strategic decision-making. By enabling seamless data exchange and high-performance analytics, InterSystems helps organizations build more connected and resilient digital ecosystems.
About InterSystems
InterSystems, a creative data technology provider, delivers a unified foundation for next-generation applications for healthcare, finance, manufacturing, and supply chain customers in more than 80 countries. Our data platforms solve interoperability, speed, and scalability problems for large organizations around the globe to unlock the power of data and allow people to perceive data in imaginative ways. Established in 1978, InterSystems is committed to excellence through its 24×7 support for customers and partners around the world. Privately held and headquartered in Boston, Massachusetts, InterSystems has 38 offices in 28 countries worldwide. For more information, please visit InterSystems.com.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20260521098268/en/
Contact
Media Contact
Redhill Indonesia on behalf of InterSystems
Asep Budiman
Senior Account Manager
asep.budiman@redhill.asia
+62 813 9520 6113
Source : InterSystems
AUDIENCERATE APPOINTS RICCARDO FABBRI AS CTO
 |
| Riccardo Fabbri, Chief Technology Officer of Audiencerate Ltd. Co-founder and former managing partner of Nohup, recognized by the Financial Times among Europe's leading firms in the sector (2021 and 2022) and acquired by the Havas Group in August 2021. Leads the AI-driven phase of Audiencerate's independent Customer Match infrastructure. |
KUALA LUMPUR, May 21 (Bernama) -- Audiencerate Ltd, a data activation specialist, has appointed Riccardo Fabbri as Chief Technology Officer (CTO) to lead the company’s artificial intelligence (AI)-driven expansion initiatives.
The appointment marks a dual expansion phase for the Audiencerate–Postel–Microsoft platform serving Italian small and medium-sized enterprises (SMEs), as well as the data platform integrated with Google DV360 for agencies and data providers.
Audiencerate President, Gianluca Leotta said Fabbri brings extensive experience in digital transformation, cloud-native development and media technology.
According to the company in a statement, Fabbri will oversee the development of AI infrastructure integrating first-party and third-party data for its platform developed with Postel and Microsoft for Italian SMEs, alongside Google DV360-integrated solutions for global media agencies.
Co-founder of digital consultancy Nohup in 2004, Fabbri has more than two decades of experience in software development and cloud architectures. He later led the company through its acquisition by Havas Group in 2021.
Under Fabbri’s leadership, Audiencerate plans to accelerate AI and machine learning capabilities for predictive modelling and automated budget and bid management.
The company said its agency-focused platform will also expand the use of advertisers’ first-party data combined with third-party signals to support privacy-compliant audience modelling.
-- BERNAMA
MARQUEE BRANDS TO ACQUIRE MAJORITY STAKE IN ROBERTO CAVALLI
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| Roberto Cavalli Spring/Summer 2026 |
KUALA LUMPUR, May 21 (Bernama) -- Marquee Brands, the premier global brand management company, has announced a definitive agreement to acquire a majority interest in Roberto Cavalli through a strategic partnership with Dubai-based DAMAC Group.
The transaction is expected to close in the second quarter of 2026, after which DAMAC Group will remain a significant shareholder, according to Marquee Brands in a statement.
The acquisition further strengthens Marquee Brands’ position in the luxury and lifestyle sectors, bringing total portfolio-wide retail sales to approximately US$5 billion. (US$1=RM3.96)
“Roberto Cavalli stands as one of luxury’s defining Italian houses, with a bold creative identity and enduring brand ethos. In partnership with DAMAC, a leader in luxury real estate, we will continue to elevate the Roberto Cavalli experience worldwide,” said Marquee Brands Chief Executive Officer, Heath Golden.
Owned by funds managed by global investment firm Neuberger, Marquee Brands continues to expand its platform through the acquisition of heritage brands, with Roberto Cavalli becoming the 22nd brand in its portfolio.
The partnership is expected to expand Roberto Cavalli’s global reach across Europe, the United Kingdom, the United States, the Middle East, Asia Pacific and Latin America through new categories, services and experiential offerings.
DAMAC will continue to expand Roberto Cavalli-branded residences and hospitality projects across key global markets, reinforcing the luxury brand’s international presence.
As part of the transaction, Marquee Brands appointed Milan-based The Level Group as its core operating partner to oversee the development, manufacturing and distribution of the label’s women’s and men’s collections, as well as retail, e-commerce and wholesale operations.
-- BERNAMA
Lendlease REIT Completes Full Acquisition Of PLQ Mall, Posts Positive Rental Reversion
KUALA LUMPUR, May 19 (Bernama) -- Lendlease Global Commercial REIT (Lendlease REIT) completed the acquisition of the remaining 30 per cent interest in PLQ Mall on March 26, 2026, achieving full ownership of the Singapore retail asset as it undertakes enhancement works aimed at improving space utilisation and rental income.
The REIT’s manager, Lendlease Global Commercial Trust Management Pte Ltd said enhancement works are underway and targeted for completion by end-2026 to optimise space utilisation and improve tenant mix, with the reconfigured spaces expected to support higher rental rates and strengthen income contribution.
Following the acquisition, the manager refinanced PLQ Mall loans, securing about SG$2 million in annual all-in debt cost savings, according to the REIT in a statement. (SG$1 = RM3.10)
Chief Executive Officer of the REIT’s manager, Guy Cawthra said the REIT continued to focus on portfolio optimisation and strengthening its capital structure, supported by resilient performance from its Singapore retail assets.
As of March 31, 2026, the REIT’s portfolio committed occupancy improved to 95.3 per cent, while its retail portfolio maintained occupancy of 99.7 per cent. The Milan office portfolio recorded occupancy of 89.1 per cent.
The retail portfolio achieved a positive rental reversion of 12.2 per cent in the third quarter of financial year 2026, supported by continued leasing demand across its properties.
Year-to-date tenant sales and shopper traffic rose 17.6 per cent and 13.7 per cent year-on-year respectively, including contributions from PLQ Mall.
Tenant retention for the retail portfolio stood at 62.5 per cent as of March 31, 2026, mainly due to the exit of Cathay Cineplexes. The space has since been replaced by Shaw Theatres.
-- BERNAMA
Lendlease REIT Completes Full Acquisition Of PLQ Mall, Posts Positive Rental Reversion
KUALA LUMPUR, May 19 (Bernama) -- Lendlease Global Commercial REIT (Lendlease REIT) completed the acquisition of the remaining 30 per cent interest in PLQ Mall on March 26, 2026, achieving full ownership of the Singapore retail asset as it undertakes enhancement works aimed at improving space utilisation and rental income.
The REIT’s manager, Lendlease Global Commercial Trust Management Pte Ltd said enhancement works are underway and targeted for completion by end-2026 to optimise space utilisation and improve tenant mix, with the reconfigured spaces expected to support higher rental rates and strengthen income contribution.
Following the acquisition, the manager refinanced PLQ Mall loans, securing about SG$2 million in annual all-in debt cost savings, according to the REIT in a statement. (SG$1 = RM3.10)
Chief Executive Officer of the REIT’s manager, Guy Cawthra said the REIT continued to focus on portfolio optimisation and strengthening its capital structure, supported by resilient performance from its Singapore retail assets.
As of March 31, 2026, the REIT’s portfolio committed occupancy improved to 95.3 per cent, while its retail portfolio maintained occupancy of 99.7 per cent. The Milan office portfolio recorded occupancy of 89.1 per cent.
The retail portfolio achieved a positive rental reversion of 12.2 per cent in the third quarter of financial year 2026, supported by continued leasing demand across its properties.
Year-to-date tenant sales and shopper traffic rose 17.6 per cent and 13.7 per cent year-on-year respectively, including contributions from PLQ Mall.
Tenant retention for the retail portfolio stood at 62.5 per cent as of March 31, 2026, mainly due to the exit of Cathay Cineplexes. The space has since been replaced by Shaw Theatres.
-- BERNAMA
Lendlease REIT Delivers Strong Operating Performance and Disciplined Capital Management
Key Highlights
- Positive retail rental reversion of 12.2%1 achieved in 3Q FY2026.
- Positive rental uplift of 1.5%2 for office Building 1 and 2 in Milan, effective from April 2026.
- Year-to-date tenant sales up 17.6%3 YoY. On a like‑for‑like basis, excluding PLQ Mall, tenant sales also increased 2.5% YoY.
- Portfolio occupancy improved to 95.3%4 from 94.9%4 in the preceding quarter.
- Gearing stood at 38.7% as at 31 March 2026.
- Post quarter-end, S$120 million perpetual securities were issued at 4.28% per annum.
- Completed refinancing of the PLQ Mall loans, securing approximately S$2 million in annual all‑in debt cost savings, in line with acquisition underwriting5.
- Electricity tariffs contracted at fixed rates till FY2028, de-risking against potential rate hikes.
- Targeted enhancement works at PLQ Mall are underway and expected to be completed by end 2026, supporting higher rental rates in 2027.
SINGAPORE, May 19 (Bernama-GLOBE NEWSWIRE) -- Lendlease Global Commercial Trust Management Pte. Ltd. (the “Manager”), the manager of Lendlease Global Commercial REIT (“Lendlease REIT”), announces its third-quarter business update for FY2026.
Completed the acquisition of 30% interest in PLQ Mall, achieving full ownership
Lendlease REIT completed the acquisition of 30% interest in PLQ Mall on 26 March 2026, achieving full ownership of the asset. Enhancement works are currently underway, with completion targeted by end‑2026. These initiatives are aimed at optimising space utilisation and enhancing the tenant mix, positioning PLQ Mall to better capture evolving consumer demand and meet retailers’ operational requirements. Upon completion, the reconfigured spaces are expected to support higher rental rates and strengthen Lendlease REIT’s income profile.
Following the acquisition, the Manager has also completed the refinancing of the PLQ Mall loans, securing approximately S$2 million in annual all‑in debt cost savings in line with acquisition underwriting5.
Capital Management
As at 31 March 2026, Lendlease REIT’s gross borrowings were S$1,737.3 million, including PLQ Mall loans that are now consolidated following its full ownership. Post quarter-end, S$82.8 million of the proceeds from the preferential offering were utilised for loans repayment, reducing gearing from 38.7% as at 31 March 2026 to 37.5% on a proforma basis.
The weighted average cost of debt remained stable at approximately 2.9% per annum, while the interest coverage ratio (“ICR”), based on Lendlease REIT’s last reported financial results as at 31 December 2025, stood at 1.8 times6.
On 14 April 2026, the Manager issued S$120 million of perpetual securities at 4.28% per annum to partially refinance an upcoming S$200 million perpetual securities due in June 2026. Management is monitoring market conditions and will evaluate refinancing strategies for the remaining S$80 million, either through existing debt capacity or further issuance of perpetual securities.
There are no debt refinancing risks in FY2026. The debt portfolio remained fully unsecured, with approximately S$611 million debt facilities available to support working capital and operational requirements.
Operational Performance
As of 31 March 2026, Lendlease REIT’s portfolio committed occupancy improved to 95.3%4. Its retail portfolio achieved 99.7% occupancy, reflecting consistently strong tenant demand for prime locations and the Manager’s ability to curate differentiated retail identities aligned with their business models. Occupancy at the Milan office portfolio stood at 89.1%4.
Portfolio weighted average lease expiry continued to stay healthy at approximately 4.7 years by net lettable area (“NLA”) and 3.7 years by gross rental income (“GRI”). Approximately 6.3% of the NLA is due for renewal in FY2026, representing 4.6% of the GRI.
Contracted electricity tariffs at fixed rate till FY2028 will shield Lendlease REIT from downside risks of potential rate increases impacted by higher oil prices.
Positive retail rental reversion achieved in 3Q FY2026
As at 31 March 2026, Lendlease REIT’s retail portfolio recorded a positive rental reversion of 12.2%1, reflecting continued leasing strength across the portfolio. On a year‑to‑date basis, tenant sales and shopper visitation grew by 17.6%3 YoY and 13.7%3 YoY respectively, incorporating four months of contribution from PLQ Mall. On a like‑for‑like basis excluding PLQ Mall, tenant sales and visitation also grew by 2.5% YoY and 5.2% YoY respectively.
Tenant retention for the retail portfolio stood at 62.5% as at 31 March 2026, primarily due to the exit of Cathay Cineplexes. The space has since been backfilled by Shaw Theatres, maintaining the mall’s entertainment offering. Excluding Cathay Cineplexes, tenant retention would have been 72.9%, reflecting generally healthy renewal outcomes across the rest of the portfolio.
Mr. Guy Cawthra, Chief Executive Officer of the Manager, said, “We continue to make deliberate progress to optimise our portfolio, focusing on Singapore and strengthening Lendlease REIT’s capital structure. With full ownership of PLQ Mall, the related loans have been refinanced, delivering material savings in all in debt costs, and reconfiguration works have commenced in order to enhance the retail offering. Our portfolio remains resilient, underpinned by nearly 100% occupancy in the Singapore retail malls, continued strong visitation, sales and rental reversions.”
About Lendlease Global Commercial REIT
Listed on 2 October 2019, Lendlease Global Commercial REIT (“Lendlease REIT”) is established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of stabilised income-producing real estate assets located globally, which are used primarily for retail and/or office purposes.
As at 31 March 2026, its portfolio comprises leasehold properties in Singapore namely Jem and PLQ Mall (suburban retail properties), 313@somerset (a prime retail property) and freehold interest in three Grade A commercial buildings in Milan. These properties have a total value of approximately S$4.2 billion. Other investments include a stake in Parkway Parade (an office and retail property) and development of a multifunctional event space on a site adjacent to 313@somerset.
Lendlease REIT is managed by Lendlease Global Commercial Trust Management Pte. Ltd., an indirect wholly-owned subsidiary of Lendlease Corporation Limited.
About the Sponsor - Lendlease Corporation Limited
Lendlease Corporation Limited is a market-leading Australian real estate group. Headquartered in Sydney, it is listed on the Australian Securities Exchange.
Its core capabilities are reflected in its operating segments of Investments, Development and Construction. The combination of these three segments provides them with a sustainable competitive advantage in delivering innovative integrated solutions for its customers. For more information, please visit: www.lendlease.com.
For more information on Lendlease REIT, please contact Investor Relations:
Lendlease Global Commercial Trust Management Pte. Ltd.
Ling Bee Lin
enquiry@lendleaseglobalcommercialreit.com
Tel: +65 6671 7374
Important Notice
This press release is for information purposes only and does not constitute or form part of an offer, invitation or solicitation of any offer to purchase or subscribe for any securities of Lendlease Global Commercial REIT (“Lendlease REIT”) in Singapore or any other jurisdiction nor should it or any part of it form the basis of, or be relied upon in connection with, any contract or commitment whatsoever.
The value of units in Lendlease REIT (the “Units”) and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by Lendlease Global Commercial Trust Management Pte. Ltd. (the “Manager”), DBS Trustee Limited (as trustee of Lendlease REIT) or any of their affiliates.
This press release may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from similar developments, shifts in expected levels of property rental income, changes in operating expenses, (including employee wages, benefits and training costs), property expenses and governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business.
An investment in Units is subject to investment risks, including the possible loss of the principal amount invested. Holders of Units (“Unitholder”) have no right to request the Manager to redeem or purchase their Units while the Units are listed. It is intended that Unitholders may only deal in their Units through trading on Singapore Exchange Securities Trading Limited (“SGX-ST”). Listing of the Units on SGX-ST does not guarantee a liquid market for the Units.
This press release is not to be distributed or circulated outside of Singapore. Any failure to comply with this restriction may constitute a violation of United State securities laws or the laws of any other jurisdiction.
The past performance of Lendlease REIT is not necessarily indicative of its future performance.
______________________
1 Year-to-date as at 31 March 2026, comparing the weighted average rent of outgoing and incoming leases.
2 Annual rental review pegged to the consumer price index published by the Italian National Institute of Statistics.
3 As at 3Q FY2026, compared against the corresponding period in FY2025. Includes four months of contribution from PLQ Mall.
4 Lettable area for Milan assets is based on latest valuation report.
5 For details, please refer to the announcement “Acquisition of 30% Stake in PLQ Mall” dated 25 February 2026.
6 Calculation is in accordance with the Property Funds Appendix of the Code on Collective Investment Schemes (“PFA”). The ICR in accordance with loan agreements exceeds 3.0 times, in excess of debt covenant at 2.0 times. Per the PFA, calculation is based on a trailing 12 months period ending on the date of the latest reported financial results. ICR as at 31 March 2026 is based on the last reported financial results as at 31 December 2025.
SOURCE: DBS Trustee Limited as Trustee of Lendlease Global Commercial REIT (“LREIT”)
--BERNAMA
Completed the acquisition of 30% interest in PLQ Mall, achieving full ownership
Lendlease REIT completed the acquisition of 30% interest in PLQ Mall on 26 March 2026, achieving full ownership of the asset. Enhancement works are currently underway, with completion targeted by end‑2026. These initiatives are aimed at optimising space utilisation and enhancing the tenant mix, positioning PLQ Mall to better capture evolving consumer demand and meet retailers’ operational requirements. Upon completion, the reconfigured spaces are expected to support higher rental rates and strengthen Lendlease REIT’s income profile.
Following the acquisition, the Manager has also completed the refinancing of the PLQ Mall loans, securing approximately S$2 million in annual all‑in debt cost savings in line with acquisition underwriting5.
Capital Management
As at 31 March 2026, Lendlease REIT’s gross borrowings were S$1,737.3 million, including PLQ Mall loans that are now consolidated following its full ownership. Post quarter-end, S$82.8 million of the proceeds from the preferential offering were utilised for loans repayment, reducing gearing from 38.7% as at 31 March 2026 to 37.5% on a proforma basis.
The weighted average cost of debt remained stable at approximately 2.9% per annum, while the interest coverage ratio (“ICR”), based on Lendlease REIT’s last reported financial results as at 31 December 2025, stood at 1.8 times6.
On 14 April 2026, the Manager issued S$120 million of perpetual securities at 4.28% per annum to partially refinance an upcoming S$200 million perpetual securities due in June 2026. Management is monitoring market conditions and will evaluate refinancing strategies for the remaining S$80 million, either through existing debt capacity or further issuance of perpetual securities.
There are no debt refinancing risks in FY2026. The debt portfolio remained fully unsecured, with approximately S$611 million debt facilities available to support working capital and operational requirements.
Operational Performance
As of 31 March 2026, Lendlease REIT’s portfolio committed occupancy improved to 95.3%4. Its retail portfolio achieved 99.7% occupancy, reflecting consistently strong tenant demand for prime locations and the Manager’s ability to curate differentiated retail identities aligned with their business models. Occupancy at the Milan office portfolio stood at 89.1%4.
Portfolio weighted average lease expiry continued to stay healthy at approximately 4.7 years by net lettable area (“NLA”) and 3.7 years by gross rental income (“GRI”). Approximately 6.3% of the NLA is due for renewal in FY2026, representing 4.6% of the GRI.
Contracted electricity tariffs at fixed rate till FY2028 will shield Lendlease REIT from downside risks of potential rate increases impacted by higher oil prices.
Positive retail rental reversion achieved in 3Q FY2026
As at 31 March 2026, Lendlease REIT’s retail portfolio recorded a positive rental reversion of 12.2%1, reflecting continued leasing strength across the portfolio. On a year‑to‑date basis, tenant sales and shopper visitation grew by 17.6%3 YoY and 13.7%3 YoY respectively, incorporating four months of contribution from PLQ Mall. On a like‑for‑like basis excluding PLQ Mall, tenant sales and visitation also grew by 2.5% YoY and 5.2% YoY respectively.
Tenant retention for the retail portfolio stood at 62.5% as at 31 March 2026, primarily due to the exit of Cathay Cineplexes. The space has since been backfilled by Shaw Theatres, maintaining the mall’s entertainment offering. Excluding Cathay Cineplexes, tenant retention would have been 72.9%, reflecting generally healthy renewal outcomes across the rest of the portfolio.
Mr. Guy Cawthra, Chief Executive Officer of the Manager, said, “We continue to make deliberate progress to optimise our portfolio, focusing on Singapore and strengthening Lendlease REIT’s capital structure. With full ownership of PLQ Mall, the related loans have been refinanced, delivering material savings in all in debt costs, and reconfiguration works have commenced in order to enhance the retail offering. Our portfolio remains resilient, underpinned by nearly 100% occupancy in the Singapore retail malls, continued strong visitation, sales and rental reversions.”
About Lendlease Global Commercial REIT
Listed on 2 October 2019, Lendlease Global Commercial REIT (“Lendlease REIT”) is established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of stabilised income-producing real estate assets located globally, which are used primarily for retail and/or office purposes.
As at 31 March 2026, its portfolio comprises leasehold properties in Singapore namely Jem and PLQ Mall (suburban retail properties), 313@somerset (a prime retail property) and freehold interest in three Grade A commercial buildings in Milan. These properties have a total value of approximately S$4.2 billion. Other investments include a stake in Parkway Parade (an office and retail property) and development of a multifunctional event space on a site adjacent to 313@somerset.
Lendlease REIT is managed by Lendlease Global Commercial Trust Management Pte. Ltd., an indirect wholly-owned subsidiary of Lendlease Corporation Limited.
About the Sponsor - Lendlease Corporation Limited
Lendlease Corporation Limited is a market-leading Australian real estate group. Headquartered in Sydney, it is listed on the Australian Securities Exchange.
Its core capabilities are reflected in its operating segments of Investments, Development and Construction. The combination of these three segments provides them with a sustainable competitive advantage in delivering innovative integrated solutions for its customers. For more information, please visit: www.lendlease.com.
For more information on Lendlease REIT, please contact Investor Relations:
Lendlease Global Commercial Trust Management Pte. Ltd.
Ling Bee Lin
enquiry@lendleaseglobalcommercialreit.com
Tel: +65 6671 7374
Important Notice
This press release is for information purposes only and does not constitute or form part of an offer, invitation or solicitation of any offer to purchase or subscribe for any securities of Lendlease Global Commercial REIT (“Lendlease REIT”) in Singapore or any other jurisdiction nor should it or any part of it form the basis of, or be relied upon in connection with, any contract or commitment whatsoever.
The value of units in Lendlease REIT (the “Units”) and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by Lendlease Global Commercial Trust Management Pte. Ltd. (the “Manager”), DBS Trustee Limited (as trustee of Lendlease REIT) or any of their affiliates.
This press release may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from similar developments, shifts in expected levels of property rental income, changes in operating expenses, (including employee wages, benefits and training costs), property expenses and governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business.
An investment in Units is subject to investment risks, including the possible loss of the principal amount invested. Holders of Units (“Unitholder”) have no right to request the Manager to redeem or purchase their Units while the Units are listed. It is intended that Unitholders may only deal in their Units through trading on Singapore Exchange Securities Trading Limited (“SGX-ST”). Listing of the Units on SGX-ST does not guarantee a liquid market for the Units.
This press release is not to be distributed or circulated outside of Singapore. Any failure to comply with this restriction may constitute a violation of United State securities laws or the laws of any other jurisdiction.
The past performance of Lendlease REIT is not necessarily indicative of its future performance.
______________________
1 Year-to-date as at 31 March 2026, comparing the weighted average rent of outgoing and incoming leases.
2 Annual rental review pegged to the consumer price index published by the Italian National Institute of Statistics.
3 As at 3Q FY2026, compared against the corresponding period in FY2025. Includes four months of contribution from PLQ Mall.
4 Lettable area for Milan assets is based on latest valuation report.
5 For details, please refer to the announcement “Acquisition of 30% Stake in PLQ Mall” dated 25 February 2026.
6 Calculation is in accordance with the Property Funds Appendix of the Code on Collective Investment Schemes (“PFA”). The ICR in accordance with loan agreements exceeds 3.0 times, in excess of debt covenant at 2.0 times. Per the PFA, calculation is based on a trailing 12 months period ending on the date of the latest reported financial results. ICR as at 31 March 2026 is based on the last reported financial results as at 31 December 2025.
SOURCE: DBS Trustee Limited as Trustee of Lendlease Global Commercial REIT (“LREIT”)
--BERNAMA
EC-Council Releases Certified CISO Hall of Fame 2025 Report, Defining the Rise of the AI-Era Cybersecurity Executive
Global study recognizing 50 Hall of Fame honorees reveals that AI governance, enterprise resilience, and boardroom influence are reshaping the future of cybersecurity executive leadership
ALBUQUERQUE, N.M., May 21 (Bernama-GLOBE NEWSWIRE) -- EC-Council, creator of the world-renowned Certified Ethical Hacker (CEH) credential and a pioneer in cybersecurity education and executive leadership development, has released its flagship Certified CISO Hall of Fame 2025 Report, a landmark global study that captures the transformation of cybersecurity leadership at a time when artificial intelligence, regulatory pressure, and enterprise risk are redefining boardroom priorities worldwide.
The report recognizes 50 cybersecurity executives from some of the world’s most influential organizations, including Microsoft, Google, Amazon Web Services, Citibank, PwC, KPMG, Accenture, and World Bank Group, reinforcing the growing influence of EC-Council’s Certified Chief Information Security Officer (CCISO) program in shaping the next generation of enterprise cybersecurity leadership.
Built from insights gathered from 346 Certified CISOs across more than 87 countries, the report stands among the industry’s most comprehensive studies focused exclusively on executive cybersecurity leadership. The findings reveal that organizations are rapidly shifting expectations for CISOs beyond technical oversight toward enterprise-wide business leadership, governance maturity, resilience strategy, financial accountability, and board-level influence.
At the center of this shift is artificial intelligence. According to the report, 3 in 4 respondents identified AI threat response capability as the single most essential executive cybersecurity leadership trait through 2028, while 80% confirmed their organizations are already integrating or transitioning toward AI-powered cybersecurity operations. The findings signal a decisive industry movement away from reactive security management toward predictive, intelligence-driven enterprise defense models.
The report also revealed:
ALBUQUERQUE, N.M., May 21 (Bernama-GLOBE NEWSWIRE) -- EC-Council, creator of the world-renowned Certified Ethical Hacker (CEH) credential and a pioneer in cybersecurity education and executive leadership development, has released its flagship Certified CISO Hall of Fame 2025 Report, a landmark global study that captures the transformation of cybersecurity leadership at a time when artificial intelligence, regulatory pressure, and enterprise risk are redefining boardroom priorities worldwide.
The report recognizes 50 cybersecurity executives from some of the world’s most influential organizations, including Microsoft, Google, Amazon Web Services, Citibank, PwC, KPMG, Accenture, and World Bank Group, reinforcing the growing influence of EC-Council’s Certified Chief Information Security Officer (CCISO) program in shaping the next generation of enterprise cybersecurity leadership.
Built from insights gathered from 346 Certified CISOs across more than 87 countries, the report stands among the industry’s most comprehensive studies focused exclusively on executive cybersecurity leadership. The findings reveal that organizations are rapidly shifting expectations for CISOs beyond technical oversight toward enterprise-wide business leadership, governance maturity, resilience strategy, financial accountability, and board-level influence.
At the center of this shift is artificial intelligence. According to the report, 3 in 4 respondents identified AI threat response capability as the single most essential executive cybersecurity leadership trait through 2028, while 80% confirmed their organizations are already integrating or transitioning toward AI-powered cybersecurity operations. The findings signal a decisive industry movement away from reactive security management toward predictive, intelligence-driven enterprise defense models.
The report also revealed:
- 100% of respondents recommend CCISO as part of the executive pathway for future cybersecurity leaders
- 98% reported stronger confidence in business-driven cybersecurity decision-making after earning the credential
- 97% stated the program improved their ability to communicate with boards and executive leadership teams
- Nearly 9 in 10 professionals credited CCISO with helping them transition from technical roles into executive leadership positions
- 3 in 4 respondents reported promotions or salary increases following certification
As cyber resilience increasingly becomes a board-level business mandate, the report positions CCISO as one of the industry’s leading executive cybersecurity leadership credentials designed to bridge the widening gap between technical expertise and enterprise leadership capability.
“Cybersecurity leadership is no longer confined to managing infrastructure or responding to incidents,” said Jay Bavisi, Group President, EC-Council. “Organizations today require leaders who can align cybersecurity with business priorities, communicate enterprise risk at the boardroom level, govern emerging technologies and AI responsibly, and guide resilience across increasingly complex digital ecosystems. As artificial intelligence rapidly reshapes enterprise operations and threat environments alike, the role of the CISO is evolving into one of the most critical leadership positions in modern business. The findings in the Certified CISO Hall of Fame 2025 Report reflect a profound global shift in how cybersecurity leadership is being defined.”
Unlike traditional technical certifications, CCISO is designed specifically for senior cybersecurity professionals operating at the executive and strategic level. The program emphasizes governance, enterprise risk management, security strategy, financial oversight, compliance, leadership communication, and organizational decision-making, enabling cybersecurity leaders to operate effectively within modern enterprise environments.
The CCISO certification is offered by an ANAB-accredited certification body in accordance with ISO/IEC 17024 requirements and is recognized under U.S. DoD 8140/8570 frameworks. The credential continues to gain adoption across Fortune 500 enterprises, government agencies, military organizations, financial institutions, healthcare providers, energy companies, and critical infrastructure sectors globally.
The report further highlights how cybersecurity leadership is increasingly influencing investor confidence, operational continuity, regulatory readiness, enterprise trust, and long-term business growth as organizations navigate a rapidly evolving AI-driven threat landscape.
“The future CISO will not be measured only on technical capabilities to defend infrastructure and systems,” Bavisi added. “They will be measured by how effectively they manage AI-driven risk, guide business resilience, govern emerging technologies, and build organizational trust at scale.”
The full Certified CISO Hall of Fame 2025 Report is now available through EC-Council’s official website.
About EC-Council:
EC-Council is the creator of the Certified Ethical Hacker (CEH) program and a leader in cybersecurity education. Founded in 2001, EC-Council’s mission is to provide high-quality training and certifications for cybersecurity professionals to keep organizations safe from cyber threats. EC-Council offers over 200 certifications and degrees in various cybersecurity domains, including forensics, security analysis, threat intelligence, and information security.
An ISO/IEC 17024 accredited organization, EC-Council has certified over 400,000 professionals worldwide, with clients ranging from government agencies to Fortune 100 companies. EC-Council is the gold standard in cybersecurity certification, trusted by the U.S. Department of Defense, the Army, Navy, Air Force, and leading global corporations.
Media Contact:
press@eccouncil.org
Visit us on LinkedIn
SOURCE: EC-Council
“Cybersecurity leadership is no longer confined to managing infrastructure or responding to incidents,” said Jay Bavisi, Group President, EC-Council. “Organizations today require leaders who can align cybersecurity with business priorities, communicate enterprise risk at the boardroom level, govern emerging technologies and AI responsibly, and guide resilience across increasingly complex digital ecosystems. As artificial intelligence rapidly reshapes enterprise operations and threat environments alike, the role of the CISO is evolving into one of the most critical leadership positions in modern business. The findings in the Certified CISO Hall of Fame 2025 Report reflect a profound global shift in how cybersecurity leadership is being defined.”
Unlike traditional technical certifications, CCISO is designed specifically for senior cybersecurity professionals operating at the executive and strategic level. The program emphasizes governance, enterprise risk management, security strategy, financial oversight, compliance, leadership communication, and organizational decision-making, enabling cybersecurity leaders to operate effectively within modern enterprise environments.
The CCISO certification is offered by an ANAB-accredited certification body in accordance with ISO/IEC 17024 requirements and is recognized under U.S. DoD 8140/8570 frameworks. The credential continues to gain adoption across Fortune 500 enterprises, government agencies, military organizations, financial institutions, healthcare providers, energy companies, and critical infrastructure sectors globally.
The report further highlights how cybersecurity leadership is increasingly influencing investor confidence, operational continuity, regulatory readiness, enterprise trust, and long-term business growth as organizations navigate a rapidly evolving AI-driven threat landscape.
“The future CISO will not be measured only on technical capabilities to defend infrastructure and systems,” Bavisi added. “They will be measured by how effectively they manage AI-driven risk, guide business resilience, govern emerging technologies, and build organizational trust at scale.”
The full Certified CISO Hall of Fame 2025 Report is now available through EC-Council’s official website.
About EC-Council:
EC-Council is the creator of the Certified Ethical Hacker (CEH) program and a leader in cybersecurity education. Founded in 2001, EC-Council’s mission is to provide high-quality training and certifications for cybersecurity professionals to keep organizations safe from cyber threats. EC-Council offers over 200 certifications and degrees in various cybersecurity domains, including forensics, security analysis, threat intelligence, and information security.
An ISO/IEC 17024 accredited organization, EC-Council has certified over 400,000 professionals worldwide, with clients ranging from government agencies to Fortune 100 companies. EC-Council is the gold standard in cybersecurity certification, trusted by the U.S. Department of Defense, the Army, Navy, Air Force, and leading global corporations.
Media Contact:
press@eccouncil.org
Visit us on LinkedIn
SOURCE: EC-Council
Wednesday, May 20, 2026
AMII’S UPPER BOUND OPENS WITH 53 PCT ATTENDANCE SURGE
KUALA LUMPUR, May 20 (Bernama) -- Alberta Machine Intelligence Institute (Amii) has opened the fifth edition of its Upper Bound artificial intelligence (AI) conference in Edmonton, Canada, reporting a 53 per cent year-on-year increase in attendance.
The four-day event, which began on May 19, is hosting around 11,000 researchers, business leaders, policymakers, students, and educators from 22 countries.
Amii Chief Executive Officer (CEO), Cam Linke said the growth of Upper Bound reflects the rapid acceleration of AI adoption and innovation globally.
“We are immensely proud to have built a premier platform where a unique cross-section of attendees can connect, ensuring that diverse perspectives shape the next five years of AI innovation. This is where an optimistic AI future is both imagined and realised,” said Linke in a statement.
Amii attributed the event’s growth to sold-out passes, expanded community-led sessions, and K-9 school takeovers, reinforcing the conference’s position within Canada’s AI ecosystem.
The conference features participation from government leaders, including Evan Solomon, Eleanor Olszeweski, Nate Glubish, and Myles McDougall. Industry representatives from Google, Anthropic, Meta, Sony AI, Electronic Arts and Mozilla are also participating in the event.
Amii said Upper Bound additionally serves as a training platform for national initiatives, including the AI Workforce Readiness programme and AI Pathways, which provide AI skills training for students and energy sector workers.
Conference sessions will focus on areas including AI for healthcare, generative AI for business productivity, ethical governance, AI literacy, energy and environmental applications, and emerging AI research trends.
-- BERNAMA
Thursday, May 14, 2026
KIOXIA TARGETS PERFORMANCE SEGMENT WITH LATEST SSD SERIES
KUALA LUMPUR, May 14 (Bernama) -- Kioxia Corporation has unveiled the KIOXIA XG10 Series solid state drives (SSDs), its latest high-performance client storage solution engineered for personal computer (PC) original equipment manufacturers (OEMs).
Targeting the performance segment, the new KIOXIA XG10 Series leverages PCIe 5.0 technology to significantly elevate speed and responsiveness across data-intensive client applications.
Designed as the successor to the KIOXIA XG8 Series, the latest SSD adopts the PCIe 5.0 interface, enabling improvements in both sequential and random performance, according to Kioxia in a statement.
Compared with the previous generation, the new drives deliver up to twice the sequential read performance and more than double the sequential write performance, as well as approximately 122 per cent higher random read and 158 per cent higher random write performance, supporting faster data access and improved system responsiveness.
The KIOXIA XG10 Series is engineered to meet the needs of high-performance client system environments, including professional applications, private artificial intelligence training and inference, content creation and editing workflows, as well as immersive gaming experiences.
The series supports sequential read speeds of up to 14,000 megabytes per second (MB/s), sequential write speeds of up to 12,000 MB/s, random read performance of up to 2,000 KIOPS, and random write performance of up to 1,600 KIOPS.
The KIOXIA XG10 Series is currently sampling to select PC OEM customers, with PC shipments equipped with the SSD expected to begin from the second quarter of 2026.
-- BERNAMA
Wednesday, May 13, 2026
Mavenir Selected For MagtiCom’s Nationwide Small Cell Deployment
KUALA LUMPUR, May 12 (Bernama) -- Mavenir, a cloud-native software company, has been selected by MagtiCom, Georgia’s largest telecommunications provider, as the strategic small cell technology partner for a nationwide deployment project.
Mavenir in a statement said it will supply its full range of fourth-generation (4G) and fifth-generation (5G) small cell technology, including hardware, software, management and orchestration solutions, following a successful trial earlier this year.
The nationwide deployment is expected to commence during the second quarter of 2026, starting with beta testing for priority residential, small office and enterprise customers ahead of full rollout later this year.
Mavenir Executive Vice President and General Manager IMS & RAN, Sachin Karkala said the company’s small cell solutions are designed to deliver capacity, coverage and energy efficiency across residential, enterprise and rural applications.
“We are proud to partner with MagtiCom to support its innovation agenda and help expand high-performance mobile connectivity and a superior digital experience for customers across Georgia,” he said.
Meanwhile, MagtiCom Chief Technology Officer, Vasil Melikidze said the partnership will strengthen the company’s efforts to expand capacity, improve indoor coverage and support growing demand for high-speed mobile data.
“This strategic collaboration will enhance the digital experience for our customers and reinforces MagtiCom’s role in driving Georgia’s next chapter of mobile innovation,” added Melikidze.
MagtiCom provides mobile telephony, fibre-optic internet, Internet Protocol television (IPTV) and Voice over Internet Protocol (VoIP) services to more than three million customers, consistently maintaining a leading position in the market.
Mavenir’s portfolio of cloud-native small cell solutions delivers 4G and 5G coverage across indoor, outdoor, enterprise, rural and private network environments, supporting sectors including Industry 4.0, healthcare, retail, aviation and maritime.
-- BERNAMA
Hong Kong and New Zealand among the 10 easiest jurisdictions to do business in, says the GBCI 2026
APAC ranks as a medium-complexity region, although India and China are among the 20 most complex
LONDON, May 13 (Bernama-GLOBE NEWSWIRE) -- TMF Group, a leading provider of compliance and administrative services, today launches the 13th edition of the Global Business Complexity Index (GBCI), which shows that operating across borders is becoming more demanding as regulations diverge and reporting obligations expand.
The GBCI analyses 81 jurisdictions representing over 90% of the world’s economy, ranking them from most (1) to least complex (81) to do business in. Based on 292 indicators per jurisdiction, the report focuses on the challenges businesses face across accounting and tax, legal entity management and employment requirements.
Hong Kong, SAR and New Zealand are among the top 10 least complex jurisdictions for doing business globally. These jurisdictions have consistently ranked as low complexity, given a stable, simple regulatory environment and robust digital infrastructure supporting it.
India ranks as the 13th most complex jurisdiction, with a federal structure in which central and state regulations intersect. While new reforms add layers of complexity in the short term, these changes, alongside a more business-oriented policy direction, have the potential to open new opportunities for foreign firms in the long term.
Japan, Taiwan and Singapore rank among the medium-to-low complexity jurisdictions. Japan’s (54th) efforts to attract inward investment include simplified processes for international financial firms, initiatives to attract highly skilled foreign talent and preferential tax treatment for asset managers. Taiwan, ROC (50th), combines ongoing digital transformation with investment-friendly programmes, despite regulatory and geopolitical challenges. Singapore (47th) continues to benefit from strong digitalisation, alignment with international accounting standards, a low corporate tax rate, a competitive corporate tax regime, and an extensive network of double tax treaties.
The top 10 most complex jurisdictions worldwide are led by Latin American and EU jurisdictions.
Greece ranks for the third consecutive year as the most complex jurisdiction in the world, mainly due to frequent legislative changes and ongoing regulatory reforms. Mexico is the second most complex, driven by frequent regulatory changes, unpredictable administrative requirements, evolving digital requirements and unclear expectations by the tax authorities. Brazil ranks as the third most complex, with a multi-layered tax system and frequent regulatory changes and heavy compliance demands, alongside inconsistent rules at federal, state, and municipal levels.
Top and bottom 10 jurisdictions (1= most complex, 81= least complex)
LONDON, May 13 (Bernama-GLOBE NEWSWIRE) -- TMF Group, a leading provider of compliance and administrative services, today launches the 13th edition of the Global Business Complexity Index (GBCI), which shows that operating across borders is becoming more demanding as regulations diverge and reporting obligations expand.
The GBCI analyses 81 jurisdictions representing over 90% of the world’s economy, ranking them from most (1) to least complex (81) to do business in. Based on 292 indicators per jurisdiction, the report focuses on the challenges businesses face across accounting and tax, legal entity management and employment requirements.
Hong Kong, SAR and New Zealand are among the top 10 least complex jurisdictions for doing business globally. These jurisdictions have consistently ranked as low complexity, given a stable, simple regulatory environment and robust digital infrastructure supporting it.
India ranks as the 13th most complex jurisdiction, with a federal structure in which central and state regulations intersect. While new reforms add layers of complexity in the short term, these changes, alongside a more business-oriented policy direction, have the potential to open new opportunities for foreign firms in the long term.
Japan, Taiwan and Singapore rank among the medium-to-low complexity jurisdictions. Japan’s (54th) efforts to attract inward investment include simplified processes for international financial firms, initiatives to attract highly skilled foreign talent and preferential tax treatment for asset managers. Taiwan, ROC (50th), combines ongoing digital transformation with investment-friendly programmes, despite regulatory and geopolitical challenges. Singapore (47th) continues to benefit from strong digitalisation, alignment with international accounting standards, a low corporate tax rate, a competitive corporate tax regime, and an extensive network of double tax treaties.
The top 10 most complex jurisdictions worldwide are led by Latin American and EU jurisdictions.
Greece ranks for the third consecutive year as the most complex jurisdiction in the world, mainly due to frequent legislative changes and ongoing regulatory reforms. Mexico is the second most complex, driven by frequent regulatory changes, unpredictable administrative requirements, evolving digital requirements and unclear expectations by the tax authorities. Brazil ranks as the third most complex, with a multi-layered tax system and frequent regulatory changes and heavy compliance demands, alongside inconsistent rules at federal, state, and municipal levels.
Top and bottom 10 jurisdictions (1= most complex, 81= least complex)
| 1. Greece | 72. Curacao |
| 2. Mexico | 73. Malta |
| 3. Brazil | 74. British Virgin Islands |
| 4. France | 75. Czech Republic |
| 5. Turkey | 76. New Zealand |
| 6. Colombia | 77. Netherlands |
| 7. Bolivia | 78. Hong Kong, SAR |
| 8. Italy | 79. Jersey |
| 9. Argentina | 80. Denmark |
| 10 Peru | 81. Cayman Islands |
“World political fragmentation and economic spread mean that businesses are adding jurisdictions to their supply chains, increasing the complexity of their governance. It also means that they have to deal with more uncertainty in those regulations,” said Mark Weil, CEO at TMF Group.
About TMF Group
TMF Group is a leading provider of critical administrative services, helping clients invest and operate safely around the world. Our 13,000 experts and 125 offices in 87 jurisdictions worldwide serve corporates, financial institutions, asset managers, private clients and family offices, providing the combination of accounting, tax, payroll, fund administration, compliance and entity management services essential to global business success.
We work with the majority of the Fortune Global 500 and FTSE 100, covering sectors as diverse as capital markets, private equity, real estate, pharmaceuticals, energy and technology.
TMF Group – we make a complex world simple. www.tmf-group.com
Media Contacts
Marina Llibre Martin, Global PR Manager
marina.llibremartin@tmf-group.com
SOURCE: TMF Group B.V.
About TMF Group
TMF Group is a leading provider of critical administrative services, helping clients invest and operate safely around the world. Our 13,000 experts and 125 offices in 87 jurisdictions worldwide serve corporates, financial institutions, asset managers, private clients and family offices, providing the combination of accounting, tax, payroll, fund administration, compliance and entity management services essential to global business success.
We work with the majority of the Fortune Global 500 and FTSE 100, covering sectors as diverse as capital markets, private equity, real estate, pharmaceuticals, energy and technology.
TMF Group – we make a complex world simple. www.tmf-group.com
Media Contacts
Marina Llibre Martin, Global PR Manager
marina.llibremartin@tmf-group.com
SOURCE: TMF Group B.V.
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