KUALA LUMPUR, June 20 (Bernama) -- OMS Energy Technologies Inc (OMS), a manufacturer of surface wellhead systems (SWS) and oil country tubular goods (OCTG), has issued a business update ahead of its inaugural earnings call following its successful Nasdaq listing in May 2025.
The company's expanding customer base, growing talent pool, and continued investment in research and development (R&D) are positioning OMS for long-term success, according to a statement.
Its Chief Executive Officer, How Meng Hock said OMS enters the public market with a solid foundation, supported by strong partnerships, manufacturing capabilities, and prudent financial management.
OMS recently secured a letter of award from Grupo Simples Oil for SWS in Angola’s Onshore Kwanza Basin, expanding its presence in West Africa. In Indonesia, new clients such as PT Seleraya Belida and Pertamina Hulu Sanga Sanga are contributing to sales growth, while PTTEP in Thailand renewed its three-year contract effective July 1.
Long-standing partnerships continue to anchor the company’s revenue stream. A 10-year agreement with Saudi Aramco is expected to generate between US$120 million and US$200 million annually. OMS also maintains a strong supply relationship with Halliburton, with steady order volumes from its Malaysia and Singapore operations. (US$1=RM4.24)
With 11 manufacturing facilities across six countries such as Singapore, Malaysia, Brunei, Saudi Arabia, Thailand and Indonesia, OMS is strategically positioned in key oil and gas regions. The company’s localisation strategy supports eligibility for government tenders while enriching its workforce through local hiring and compliance with Saudi Arabia’s IKTVA and Indonesia’s TKDN requirements.
In product innovation, OMS invested US$1.1 million in additive manufacturing (AM) R&D to develop a metallic seal for its high-pressure-high-temperature (HPHT) gate valves. The project has completed its initial proof-of-concept phase and is expected to enhance supply chain efficiency and material selection.
OMS continues to collaborate with institutions such as the Singapore Institute of Manufacturing and Technology (SIMTech) to advance its R&D efforts. Its delivery performance under long-term contracts with Saudi Aramco and Halliburton remains strong, supported by balanced manufacturing capacity and strategic facility locations.
The company prioritises workplace safety and environmental compliance, holding ISO 9001, API Q1, ISO 45001, and ISO 14001 certifications across all manufacturing sites. It recently completed its annual surveillance audit, reinforcing its environmental, social, and governance (ESG) commitments.
Development initiatives include joint efforts with Singapore’s Agency for Science, Technology and Research (A*STAR) and SIMTech, covering energy efficiency, lifecycle analysis and digital innovation. OMS is also exploring acquisitions, joint ventures and strategic alliances to diversify revenue streams and support long-term growth.
-- BERNAMA
Friday, 20 June 2025
OMS REPORTS GROWTH, EXPANSION AHEAD OF FIRST EARNINGS CALL
Thursday, 19 June 2025
Major milestone for Axi as broker teams up with prestigious media publisher Bloomberg
Louis Cooper, Chief Commercial Officer at Axi, shows his excitement for this new collaboration, noting: “We are immensely proud to have secured a partnership with a media publisher as globally respected as Bloomberg. A prominent global leader in business and financial news, Bloomberg is renowned for its high-quality journalism and trusted insights. This collaboration gives Axi a unique opportunity to showcase our innovations with a broad, influential audience across the world, which aligns perfectly with our strategic ambitions.”
As part of the collaboration, Bloomberg will roll out a four-part campaign throughout the summer, focusing exclusively on the broker’s flagship capital allocation program, Axi Select. The program offers ambitious traders the opportunity to access up to $1,000,000 USD in capital funding and earn up to 90% of their profits, as well as the advantage to join the program with zero registration or monthly fees*. Other standout features of Axi Select include, among others, its use of a Standard or a Pro live account, unrestrictive trading conditions, and an exclusive trading room – all designed to accelerate and maximise traders’ potential. In recent weeks, Axi Select announced four traders who reached the top milestone of the program, each receiving a $1M allocation. In addition, other traders on the program have secured capital funding at various levels, including $100K, $200K, and $500K, reflecting the program’s effectiveness in empowering traders to turn their ambitions into reality.
Recently, the broker was honoured with the ‘Best Funded Trader Program’ award by the ADVFN International Financial Awards, and, among others, was recognised by Finance Feeds with the ‘Most Innovative Proprietary Trading Firm’ award**.
To learn more about Axi Select click here
About Axi
Axi is a global online FX and CFD trading company, with thousands of customers in 100+ countries worldwide. Axi offers CFDs for several asset classes including Forex, Shares, Gold, Oil, Coffee, and more.
For more information or additional comments from Axi, please contact: mediaenquiries@axi.com
The Axi Select program is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available to AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. *Standard trading fees apply.
**Granted to the Axi Group of Companies.
SOURCE: AxiTrader Limited
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
Wednesday, 18 June 2025
Cloudera EVOLVE25 To Unite Global Leaders In AI, Data And Hybrid Cloud Innovation
KUALA LUMPUR, June 17 (Bernama) -- Cloudera, the hybrid platform provider for data, analytics and artificial intelligence (AI), will hold its annual EVOLVE25 conference series across four continents to highlight the role of unified hybrid data platforms in powering AI-driven innovation.
The event, which brings together industry experts, customers and partners, aims to showcase how enterprises can drive transformation and enhance customer experience through trusted data and AI analytics.
In a statement, Cloudera said the EVOLVE25 conferences will feature keynote speeches, industry sessions, interactive labs and expert meetups designed to equip attendees with knowledge to harness AI for business transformation.
“As AI and data analytics become an undeniable necessity across enterprises, it’s important to showcase the successful use cases and offer hands-on training to understand the full benefits of the technology.
“EVOLVE25, one of the world’s most comprehensive data and AI event series, provides a unique opportunity for customers, partners and innovative leaders to collaborate and look ahead to the future of data management, analytics and AI,” said Cloudera Chief Executive Officer (CEO) Charles Sansbury.
Sponsored by Amazon Web Services (AWS), the event will also include breakout sessions covering enterprise AI, hybrid cloud strategies, and modern data architecture.
These sessions will explore scalable AI adoption, optimisation of hybrid environments for AI workloads, and building architectures to meet AI application demands, while an expo zone will highlight innovative solutions in secure data management and real-time analytics to support AI use cases at scale.
EVOLVE25 will also feature a special presentation by Tomorrow CEO, Mike Walsh, who will speak on the intersection between disruptive technology and business leadership, translating deep tech insights into practical recommendations for leaders.
The conference will be held in six cities across four continents, beginning in Singapore on Aug 7, and will continue in São Paulo on Sept 3, New York on Sept 25, and London on Oct 9. The series will then move to Washington D.C. on Oct 22 and conclude in Dubai on Nov 20.
The event will culminate with the announcement of Cloudera’s Data Impact Awards, which recognise outstanding data-driven initiatives that have delivered significant business outcomes across various industries and global markets.
-- BERNAMA
XCEPTOR-JOINT STUDY: CAPITAL MARKETS EMBRACE DIGITAL TRANSFORMATION AMID MANUAL HURDLES
Xceptor Chief Executive Officer, Michiel Verhoeven emphasised the growing pressure on firms to modernise, especially with new regulatory shifts like T+1 and the European Union’s Faster Initiative.
“The Crisil Coalition Greenwich report confirms what we continue to witness firsthand in the industry: getting data right through automation and artificial intelligence (AI) is a top priority for all industry participants.
“Firms that embrace market collaboration will be best placed to accelerate ready-to-trade, ready-to-settle and ready-to-report processes through automation and AI,” he said in a statement.
The report stated that nearly 90 per cent of respondents believe digital transformation will enhance operational efficiency, yet fewer than one-third (28 per cent) say it is broadly supported within their organisations, and one in 10 indicated no support from their organisation.
In addition, the most often cited obstacles are legacy systems (57 per cent), cost concerns (56 per cent), and manual data entry (39 per cent), while improving data capture and transformation is a top focus, with more than half of the firms planning to invest in workflow automation within the next year and a similar percentage already having done so in the past 12 months.
Titled “Operational efficiency is driving digital transformation in capital markets”, the report also unveiled that up to five different platforms are used to cover asset classes, with 95 per cent of respondents saying that no single platform can cover them all, leading to disjointed workflows and data silos.
Manual processes continue to dominate middle- and back-office operations, particularly in regulatory reporting, client onboarding, and trade reconciliation. These inefficiencies contribute significantly to operational risk and cost, with many firms setting aside up to five per cent of annual capital to manage exception handling.
AI adoption in the industry remains cautious. While 60 per cent of respondents see AI as important to their transformation strategy, nearly one-quarter believe it is not important. Another 43 per cent plan to adopt AI within two years, while 23 per cent have no plans at all.
Surveyed over 70 C-suite and senior leaders from capital markets firms across North America, the United Kingdom, Europe, and Asia Pacific, the study offers a clear view into how firms are responding to rapidly changing data requirements and where the biggest opportunities for transformation lie.
-- BERNAMA
Bitget's May Report Highlights 21% increase in Futures Trading Volume Accelerating it to top #3 exchange
VICTORIA, Seychelles, June 16 (Bernama-GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, has released its May 2025 Transparency Report, highlighting growth in trading activity, product innovation, global expansion, and social impact despite a consolidating crypto market.
In May, the total crypto market cap fluctuated from a high of $3.6 trillion to close at $3.28 trillion, with daily trading volume averaging $84.44 billion. Despite broader market consolidation, Bitget’s trading volume surged by 21%, led by a 26% increase in futures trading. Spot trading reached $107 billion, ranking Bitget as the #3 crypto exchange globally by spot volume, just behind Binance and Bybit, and capturing an estimated 8.9% market share, according to Coingecko data.
Bitget added over 500,000 new users in May alone, contributing to more than 2 million new users in Q2 2025. Bitget also recorded an industry-leading 192% Proof of Reserves ratio, and its Protection Fund hit an all-time high of $725 million, reflecting a long-term commitment to transparency, asset security, and user protection.
May was a milestone month for Bitget Wallet, which rebranded under the “Crypto for Everyone” identity and rolled out major upgrades. Key launches included Paydify integration for seamless LATAM fiat onramps, a “Shop with Crypto” marketplace for spending at 300+ global brands, and Bitget Wallet Alpha, a mobile-native hub for token discovery and one-click trading across 130+ blockchains.
Bitget forged key partnerships to drive adoption and education, teaming up with Sweat to expand crypto access in Southeast Asia, and collaborating with Cryptita to launch a blockchain encyclopedia for youth, promoting early crypto literacy.
Product rollouts this month included the highly anticipated launch of Bitget Live, a real-time streaming feature designed to empower creators and expert traders to share their insights directly on the platform. The exchange also unveiled BGUSD, a USDC-pegged stablecoin backed by tokenized real-world assets including US Treasuries. Bitget Wallet became the official wallet for LINE’s Mini Dapp Portal, allowing LINE’s 196 million users to access Kaia chain games and tools via Bitget.
Bitget continued to expand its listing of new digital assets, welcoming RLUSD, Ripple’s USD-backed stablecoin, to its platform. Bitget also listed Shardeum, a scalable, EVM-compatible Layer 1 blockchain, allowing users to access high-performance DeFi protocols and smart contract applications. The addition of USD1, a stablecoin issued by World Liberty Financial and affiliated with the Trump family, signaled Bitget’s commitment to onboarding digital assets that aim to bridge fiat and crypto for broader user adoption.
In May, Bitget advanced its social impact efforts through its Blockchain4Youth program, which marked two years with over 8,000 participants and global outreach across 70+ countries. It also supported Google's “Build With AI” Hackathon, delivered emergency aid to earthquake-affected families in Myanmar, and expanded its Starlink Program in the Philippines to bring satellite internet to underserved islands, supporting long-term digital and blockchain inclusion.
From its strong on-chain integrations to fiat-crypto innovation, Bitget continues to set new benchmarks in exchange trust, product utility, and real-world Web3 applications. Bitget’s sustained momentum positions it as a key driver in the next phase of crypto evolution.
For the full transparency report, visit here.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5780c3bf-ff65-4550-a482-35cb88758332
SOURCE : Bitget Limited
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
Tuesday, 17 June 2025
ZYCUS HORIZON SEA 2025 IN MALAYSIA SPOTLIGHTS AGENTIC AI’S IMPACT ON PROCUREMENT
Held in April at the Lexis Hibiscus resort in Port Dickson near Kuala Lumpur, the two-day event spotlighted real-world applications of Agentic artificial intelligence (AI), advanced intake orchestration, and strategic transformation across Source-to-Pay (S2P).
In his keynote address, Zycus Founder & Chief Executive Officer, Aatish Dedhia emphasised the seismic shift underway, stating: “Agentic AI is not aspirational—it is operational. Procurement is now poised to lead enterprise transformation through intelligent orchestration and deep data integration.”
According to Zycus in a statement, the event was bolstered by strategic insights from IDC analyst Patrick Reymann, who highlighted the growing importance of intake as procurement’s next value frontier.
Leaders from major regional organisations such as JG Summit, DRB-HICOM, Aboitiz Power, BDO Bank, Telekom Malaysia, Tata Play, and Abdul Latif Jameel brought the narrative to life, sharing how Agentic AI is already reshaping intake, risk management, and stakeholder collaboration.
These discussions were further enriched by fireside chats with thought leaders from PASIA, CIPS, Microsoft, IBM, TCS, and Trustpair, among others—bringing diverse perspectives on the future of S2P.
Interactive sessions included live demonstrations of Zycus’ Merlin Agentic Platform and Merlin Intake Agent, along with working forums such as the AI Council and Key User Advisory Forum.
These were complemented by engaging experiences like beachside receptions, a drone-lit Gala Awards Night, and the launch of CPONext: SEA Edition, a platform celebrating emerging procurement leaders in the region.
The debut of The Merlin Times, a Hackett-led publication focused on Agentic AI, and Zycus’ feature in Procurement Magazine further underscored the event’s emphasis on thought leadership.
From visionary strategy and cutting-edge tech to immersive community-building, Horizon SEA 2025 proved to be a landmark event for the procurement industry, reinforcing Zycus’ commitment to innovation and regional leadership.
-- BERNAMA
Thursday, 12 June 2025
HEITMAN SECURES HESTA INVESTMENT FOR EUROPEAN ALTERNATIVE REAL ESTATE
KUALA LUMPUR, June 12 (Bernama) -- Heitman LLC (Heitman), a global real estate investment management firm, has announced an allocation from HESTA to invest in European alternative property types, including self-storage, student housing, residential, and health care.
Heitman in a statement said this investment establishes the company as one of HESTA’s largest international property investment managers.
“Unlike the traditional property types, the alternative sectors are driven by needs-based demand and are undersupplied, making them less tied to economic cycles.
“We believe this makes them an attractive way to benefit from the price reductions available in Europe whilst mitigating exposure to uncertain economic conditions,” said Heitman Managing Director, European Real Estate Investment, Caleb Mercer.
Meanwhile, HESTA Head of Portfolio Management, Jeff Brunton said: “The new allocation with Heitman will support us to continue to build a well-diversified portfolio of property investments designed to help deliver strong long-term returns for our more than one million members.”
With over one million members and approximately AUD$93 billion of funds under management, HESTA is one of Australia’s largest superannuation funds dedicated to health and community services. (AUD$1 = RM2.74)
HESTA is an existing investor with Heitman through its United States core investment strategy. HESTA’s new investment adds to Heitman’s footprint in Australia, with Heitman currently managing AUD$8.4 billion across real estate equity and debt strategies.
Founded in 1966 and globally headquartered in Chicago, with European headquarters in London, Heitman has 10 offices worldwide and is an active participant in the global real estate property and capital markets.
-- BERNAMA