KUALA LUMPUR, May 15 (Bernama) -- Mobix Labs has unveiled plans to expand into the strategic rare earth and critical minerals sector through a proposed acquisition of Special Project Delivery LLC (SPD), a United States (US)-based supply chain platform.
According to a statement, the proposed acquisition would expand Mobix Labs’ national security operations into the supply chain supporting modern defence, aerospace, and artificial intelligence infrastructure.
Mobix Labs currently supplies technologies for US and allied fighter jets, missiles, submarines, and satellites.
The company said the Letter of Intent is non-binding, and there can be no assurance that a definitive agreement will be executed or the proposed transaction completed.
-- BERNAMA
Friday, 15 May 2026
MARY KAY LAUNCHES GLOBAL SOCIAL SQUAD PILOT PROGRAM TO STRENGTHEN DIGITAL ENGAGEMENT
 |
| The Global Social Squad ignites a diverse and talented group of 73 Mary Kay Independent Beauty Consultants with representation across 15 markets in four regions: North America, Asia Pacific, Latin America, and Europe. These digital leaders create engaging, high-quality content, participate in global campaign activations, and share practical social media strategies with their communities and other Independent Beauty Consultants, fuelling both brand relevance and business growth. (Image Courtesy: Mary Kay Inc.) |
KUALA LUMPUR, May 15 (Bernama) -- Mary Kay Inc has launched its Global Social Squad (GSS) Pilot Program, an initiative aimed at strengthening digital engagement by empowering Independent Beauty Consultants (IBCs) as brand advocates and social media content creators.
The programme, which will be introduced in selected markets worldwide in 2026, is part of the company’s broader strategy to expand its presence in an increasingly social-first business environment and enhance engagement with consumers across digital platforms.
According to Mary Kay, the GSS brings together IBCs who are recognised for their creativity, authenticity and social media capabilities to produce digital content, participate in global campaigns, and share social media strategies with their communities and fellow consultants.
Mary Kay Chief Opportunity and Sales Officer, Tara Eustace said the programme is intended to help consultants strengthen digital storytelling and consumer engagement in a social-first business environment.
In a statement, the company said the initiative is also expected to support brand visibility, increase product discovery through user-generated content, and strengthen peer-to-peer learning within the Mary Kay community.
A total of 73 members have been selected for the pilot programme, representing 15 markets across North America, Asia Pacific, Latin America and Europe.
Participants will receive exclusive merchandise, take part in content-based challenges, and gain access to training and development opportunities throughout the year.
Mary Kay said the pilot programme will allow the company to evaluate and refine the initiative ahead of a potential wider rollout beginning in 2027 and beyond.
The global leader in beauty and entrepreneurship added that the programme forms part of its efforts to develop a scalable business model that combines entrepreneurship, creativity, and personal connection.
-- BERNAMA
Wednesday, 13 May 2026
Green Building Initiative Announces Departure of CEO Vicki Worden
Vicki Worden, CAE, led GBI to achieve tremendous growth during her 11-year tenure; The Honorable Stephen T. Ayers, FAIA, appointed as GBI Interim CEO
PORTLAND, Ore., May 13 (Bernama-GLOBE NEWSWIRE) -- Green Building Initiative (GBI) is announcing the planned departure of its CEO, Vicki Worden. Worden is leaving to take a new CEO role after serving as GBI’s chief executive since 2015. GBI is an international nonprofit organization and ANSI accredited standards developer that operates virtually with a 30-member staff.
“Vicki Worden’s tenure has been defined by an unwavering commitment to expanding GBI’s mission impact,” stated Sumayyah Theron, Chair of GBI’s Board of Directors and CEO and Founder of Avant-garde Sustainable Solutions. “Under Vicki’s leadership, GBI evolved from a U.S.-focused organization into a truly global presence, now serving members in more than 20 countries. Her vision and dedication helped GBI’s green building standards reach more than one billion square feet of certified commercial and multifamily space worldwide and positioned GBI as a leading certifier across multifamily housing, health care facilities, data centers, and beyond. We are deeply grateful for everything Vicki has brought to this organization and wish her great success as she continues to advance mission-driven leadership.”
GBI’s mission is to improve the built environment’s impact on climate and society. Its community of 15,000 is united by a vision of sustainable, healthy, and resilient buildings for all.
Prior to her leadership at GBI, Worden’s experience included interim CEO roles and senior executive roles in the Washington, D.C., association community as well as more than ten years running her own strategic management consulting firm based in Maryland and Maine. She has been a significant force in sustainability and built environment spaces for more than 30 years.
“I am deeply grateful for the partnership of GBI’s Board members over my eleven years and for our joint commitment to meaningful growth,” stated Worden. “GBI is known for its culture of service, collaboration, transparency, and teamwork, and it is a culture we built intentionally to support our vision and mission. It has been an honor to serve alongside GBI’s highly passionate members, assessors, clients, and staff. I know I’m leaving GBI in great hands as it continues to advance and increase its positive impact in its next evolution.”
Worden’s departure is slated for late June 2026, and a consulting firm will be engaged to manage the search for Worden’s permanent replacement.
For the transition period, GBI’s Board has appointed The Honorable Stephen T. Ayers, FAIA, as GBI’s Interim CEO. Ayers is a nationally recognized leader in architecture, public service, and organizational transformation, with a distinguished career spanning government, nonprofit, and private sector roles. He most recently has served in multiple interim chief executive roles, including Interim CEO of the National Institute of Building Sciences (twice, in 2022 and 2024) and Interim CEO of the American Institute of Architects in 2025, where he provided steady leadership during pivotal transition periods and helped position each organization for long-term success. Mr. Ayers previously served as the 11th Architect of the Capitol, appointed by Barack Obama and unanimously confirmed by the United States Senate.
About GBI
GBI, Inc. is an international nonprofit organization and American National Standards Institute (ANSI) Accredited Standards Developer whose mission is to improve the built environment’s impact on climate and society. Founded in 2004, the organization is the global provider of the Green Globes®, Journey to Net Zero™, Guiding Principles Compliance™, and Ascent Building Certification™ programs, and it is the parent company of GB Initiative Canada. GBI also issues professional credentials, including the Green Globes Professional (GGP) and Guiding Principles Compliance Professional (GPCP). To learn more about opportunities to become involved with GBI, contact info@thegbi.org or visit the GBI website at www.thegbi.org.
MEDIA CONTACT
Joe Kurle, Director of Marketing & Communications, GBI jkurle@thegbi.org
SOURCE: Green Building Initiative
PORTLAND, Ore., May 13 (Bernama-GLOBE NEWSWIRE) -- Green Building Initiative (GBI) is announcing the planned departure of its CEO, Vicki Worden. Worden is leaving to take a new CEO role after serving as GBI’s chief executive since 2015. GBI is an international nonprofit organization and ANSI accredited standards developer that operates virtually with a 30-member staff.
“Vicki Worden’s tenure has been defined by an unwavering commitment to expanding GBI’s mission impact,” stated Sumayyah Theron, Chair of GBI’s Board of Directors and CEO and Founder of Avant-garde Sustainable Solutions. “Under Vicki’s leadership, GBI evolved from a U.S.-focused organization into a truly global presence, now serving members in more than 20 countries. Her vision and dedication helped GBI’s green building standards reach more than one billion square feet of certified commercial and multifamily space worldwide and positioned GBI as a leading certifier across multifamily housing, health care facilities, data centers, and beyond. We are deeply grateful for everything Vicki has brought to this organization and wish her great success as she continues to advance mission-driven leadership.”
GBI’s mission is to improve the built environment’s impact on climate and society. Its community of 15,000 is united by a vision of sustainable, healthy, and resilient buildings for all.
Prior to her leadership at GBI, Worden’s experience included interim CEO roles and senior executive roles in the Washington, D.C., association community as well as more than ten years running her own strategic management consulting firm based in Maryland and Maine. She has been a significant force in sustainability and built environment spaces for more than 30 years.
“I am deeply grateful for the partnership of GBI’s Board members over my eleven years and for our joint commitment to meaningful growth,” stated Worden. “GBI is known for its culture of service, collaboration, transparency, and teamwork, and it is a culture we built intentionally to support our vision and mission. It has been an honor to serve alongside GBI’s highly passionate members, assessors, clients, and staff. I know I’m leaving GBI in great hands as it continues to advance and increase its positive impact in its next evolution.”
Worden’s departure is slated for late June 2026, and a consulting firm will be engaged to manage the search for Worden’s permanent replacement.
For the transition period, GBI’s Board has appointed The Honorable Stephen T. Ayers, FAIA, as GBI’s Interim CEO. Ayers is a nationally recognized leader in architecture, public service, and organizational transformation, with a distinguished career spanning government, nonprofit, and private sector roles. He most recently has served in multiple interim chief executive roles, including Interim CEO of the National Institute of Building Sciences (twice, in 2022 and 2024) and Interim CEO of the American Institute of Architects in 2025, where he provided steady leadership during pivotal transition periods and helped position each organization for long-term success. Mr. Ayers previously served as the 11th Architect of the Capitol, appointed by Barack Obama and unanimously confirmed by the United States Senate.
About GBI
GBI, Inc. is an international nonprofit organization and American National Standards Institute (ANSI) Accredited Standards Developer whose mission is to improve the built environment’s impact on climate and society. Founded in 2004, the organization is the global provider of the Green Globes®, Journey to Net Zero™, Guiding Principles Compliance™, and Ascent Building Certification™ programs, and it is the parent company of GB Initiative Canada. GBI also issues professional credentials, including the Green Globes Professional (GGP) and Guiding Principles Compliance Professional (GPCP). To learn more about opportunities to become involved with GBI, contact info@thegbi.org or visit the GBI website at www.thegbi.org.
MEDIA CONTACT
Joe Kurle, Director of Marketing & Communications, GBI jkurle@thegbi.org
SOURCE: Green Building Initiative
Tuesday, 12 May 2026
PDI Technologies, The Retail Marketeers Honour Six Women In Europe’s Convenience Retail, Mobility Sectors
KUALA LUMPUR, May 11 (Bernama) -- PDI Technologies and The Retail Marketeers announced the recipients of the 2026 European Female Leaders in Convenience Awards, recognising women leaders in Europe’s convenience retail and mobility sectors.
Presented by PDI Technologies for the second consecutive year, the awards programme honours executives for leadership, innovation and strategic contributions across the industry, according to a statement.
The initiative builds on the inaugural 2025 programme and aims to increase visibility for women in senior leadership positions as the sector navigates digital transformation, changing consumer behaviour and the energy transition.
The recipients were selected by a nomination committee and judging panel chaired by PDI Technologies executive vice president and general manager, International, Dawn Desai, and The Retail Marketeers owner and managing director, Christian Warning.
Desai said the programme highlights leadership combining operational performance, strategic direction and customer-focused innovation during a period of industry transformation.
Meanwhile, Warning said the awards recognise the growing role of women leaders in shaping the future of the convenience and mobility sectors across Europe.
The 2026 recipients are Agnieszka Bobrukiewicz, Alicia Cruzado Lopez, Louise Eckford, Judy Glover, Zsuzsa Hordai and Anna Wallenberg.
Together, the 2026 honourees represent a cross-section of Europe’s convenience and mobility industries, spanning fuel retail, hospitality, merchandising and strategic operations.
The awards ceremony is scheduled to take place on Nov 11 during The Retail Marketeers Convenience Leaders Convention 2026 in Hamburg, Germany.
-- BERNAMA
Monday, 11 May 2026
AM Best Assigns Credit Ratings to Tokio Marine Newa Insurance Co., Ltd.
HONG KONG, May 11 (Bernama-BUSINESS WIRE) -- AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” (Excellent) to Tokio Marine Newa Insurance Co., Ltd. (TMNewa) (Taiwan). The outlook assigned to these Credit Ratings (ratings) is stable.
The ratings reflect TMNewa’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. The ratings also factor in the rating enhancement from its parent, Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF), which is the main insurance operating entity of Tokio Marine Holdings, Inc.
Established in 1999 by Yulon Group, a major automobile conglomerate in Taiwan, and later partnered with Tokio Marine Group, TMNewa is the fourth largest non-life insurer in Taiwan, with a 7.6% market share in 2025. TMNF is currently the controlling shareholder with a 50.18% stake, while Yulon Group has a collective shareholding of 49.48% via its subsidiaries, namely China Motor Co., Ltd., Yulon Motor Co., Ltd. and Yulon Finance Co., Ltd. Leveraging Yulon Group’s extensive network of car dealers, motor insurance is the largest product line in TMNewa’s underwriting book, constituting approximately 70% of gross premiums written in 2025, followed by other key products including commercial fire, casualty, and accident and health.
TMNewa’s risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), was assessed at the strongest level at year-end 2025, and is expected to further improve over the short to intermediate term. The company’s capital and surplus (C&S) has grown robustly through full profit retention, in addition to significant recovery from four rounds of material capital injections from shareholders in 2022 and 2023, after experiencing material underwriting loss from pandemic-related products. Other supporting factors include a conservative investment portfolio heavily weighted toward cash and high-quality fixed-income investments, financial flexibility from shareholders and supportive liquidity.
AM Best views TMNewa’s operating performance as adequate, as demonstrated by a track record of favourable operating performance, apart from a one-time underwriting loss in 2022. The company reported modest top-line growth in 2025, partially attributed to slower expansion in the major motor and commercial fire lines, following a period of double-digit expansion between 2022 and 2024. The return on equity (based on adjusted C&S) was 25.7% in 2025, supported by an improved net loss ratio, due to continued control over claims experience in two major product lines. The expense ratio benefits from the company’s sustained control over management expenses and commissions, along with the increased scale, and remains below the market average. The company’s investment portfolio continues to generate favourable results, supported by steady income streams from interest and dividend. Going forward, TMNewa is targeting profitable growth in non-motor business lines, including fire and liability insurance for small to medium-sized enterprises, while being disciplined on large commercial risks.
As a subsidiary of TMNF, the company receives various implicit support from TMNF, including management oversight, risk framework and governance, underwriting know-how, product development, investment and innovation.
Negative rating actions could occur if there is a material deterioration in TMNewa’s balance sheet strength assessment. Negative rating actions also could arise if there is a reduced level of support from the parent company, which may have a negative impact on TMNewa’s ratings. Although it is unlikely in the near term, positive rating actions could occur if TMNewa is able to achieve sustained improvement in its operating performance, while its balance sheet strength fundamentals remain robust.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
Copyright © 2026 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20260508631820/en/
Contact
Stephanie Mi
Senior Financial Analyst
+852 2827 3402
stephanie.mi@ambest.com
James Chan
Director, Analytics
+852 2827 3418
james.chan@ambest.com
Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com
Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com
Source : AM Best
The ratings reflect TMNewa’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. The ratings also factor in the rating enhancement from its parent, Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF), which is the main insurance operating entity of Tokio Marine Holdings, Inc.
Established in 1999 by Yulon Group, a major automobile conglomerate in Taiwan, and later partnered with Tokio Marine Group, TMNewa is the fourth largest non-life insurer in Taiwan, with a 7.6% market share in 2025. TMNF is currently the controlling shareholder with a 50.18% stake, while Yulon Group has a collective shareholding of 49.48% via its subsidiaries, namely China Motor Co., Ltd., Yulon Motor Co., Ltd. and Yulon Finance Co., Ltd. Leveraging Yulon Group’s extensive network of car dealers, motor insurance is the largest product line in TMNewa’s underwriting book, constituting approximately 70% of gross premiums written in 2025, followed by other key products including commercial fire, casualty, and accident and health.
TMNewa’s risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), was assessed at the strongest level at year-end 2025, and is expected to further improve over the short to intermediate term. The company’s capital and surplus (C&S) has grown robustly through full profit retention, in addition to significant recovery from four rounds of material capital injections from shareholders in 2022 and 2023, after experiencing material underwriting loss from pandemic-related products. Other supporting factors include a conservative investment portfolio heavily weighted toward cash and high-quality fixed-income investments, financial flexibility from shareholders and supportive liquidity.
AM Best views TMNewa’s operating performance as adequate, as demonstrated by a track record of favourable operating performance, apart from a one-time underwriting loss in 2022. The company reported modest top-line growth in 2025, partially attributed to slower expansion in the major motor and commercial fire lines, following a period of double-digit expansion between 2022 and 2024. The return on equity (based on adjusted C&S) was 25.7% in 2025, supported by an improved net loss ratio, due to continued control over claims experience in two major product lines. The expense ratio benefits from the company’s sustained control over management expenses and commissions, along with the increased scale, and remains below the market average. The company’s investment portfolio continues to generate favourable results, supported by steady income streams from interest and dividend. Going forward, TMNewa is targeting profitable growth in non-motor business lines, including fire and liability insurance for small to medium-sized enterprises, while being disciplined on large commercial risks.
As a subsidiary of TMNF, the company receives various implicit support from TMNF, including management oversight, risk framework and governance, underwriting know-how, product development, investment and innovation.
Negative rating actions could occur if there is a material deterioration in TMNewa’s balance sheet strength assessment. Negative rating actions also could arise if there is a reduced level of support from the parent company, which may have a negative impact on TMNewa’s ratings. Although it is unlikely in the near term, positive rating actions could occur if TMNewa is able to achieve sustained improvement in its operating performance, while its balance sheet strength fundamentals remain robust.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
Copyright © 2026 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20260508631820/en/
Contact
Stephanie Mi
Senior Financial Analyst
+852 2827 3402
stephanie.mi@ambest.com
James Chan
Director, Analytics
+852 2827 3418
james.chan@ambest.com
Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com
Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com
Source : AM Best
Sunday, 10 May 2026
VCI Global Enters Binding Term Sheet for Strategic Investment in Brazil Gold Asset, Advancing Integration of Physical Gold into RWA and Digital Asset Treasury Strategy
Structured Entry with Operational Role and Potential Majority Ownership, within A Sector Defined by Institutional Scale Gold M&A Activity
KUALA LUMPUR, Malaysia, May 8 (Bernama-GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), today announced that it has entered a binding term sheet in relation to a proposed strategic investment in a gold mining asset located within an established gold-producing region in Brazil.
Based on preliminary technical information provided to the Company, the asset is estimated to contain approximately 59.9 tonnes of gold resources (equivalent to approximately 1.9 million ounces). This estimate is preliminary in nature and subject to further technical validation, independent verification, and compliance with applicable mineral resource reporting standards.
Under the terms of the binding term sheet, VCI Global intends to make an initial investment in the project and is expected to assume a role as Engineering, Procurement, and Construction (EPC) partner, subject to the execution of definitive agreements. The Company will also retain an option to increase its ownership interest to up to 51%, subject to the satisfaction of agreed conditions, milestones, and the execution of definitive agreements.
The project remains at an early development stage. Any progression toward development, construction, or potential future production will be subject to technical assessments, permitting, financing arrangements, and operational execution. There can be no assurance regarding timing, development outcomes, or commercial viability.
This proposed investment is aligned with the Company’s broader capital allocation strategy, including its ongoing evaluation of real-world asset (RWA) initiatives and digital asset infrastructure. The Company continues to assess how physical commodity-linked assets, such as gold, may potentially interface with structured financial frameworks under its RWA-focused initiatives. Any such development remains at an exploratory stage and is subject to regulatory, technical, and commercial considerations.
The transaction is expected to be supported by a phased capital deployment plan, which may include funding for further technical studies and development activities. Any potential fundraising activities will be undertaken in accordance with applicable regulatory requirements and prevailing market conditions.
In accordance with the terms of the transaction and for strategic reasons, the identity of the asset and counterparties has not been disclosed at this stage. Further information will be provided as and when appropriate, subject to regulatory and contractual considerations.
“This transaction reflects our disciplined approach to evaluating strategic opportunities within commodity-linked assets. It provides a structured pathway to assess both the technical and operational potential of the project, while remaining subject to due diligence, definitive agreements, and regulatory approvals,” said Dato’ Victor Hoo, Group Executive Chairman and CEO of VCI Global.
About VCI Global Limited
VCI Global Limited (NASDAQ: VCIG) is an AI-native operating platform designed to scale and optimize businesses through centralized intelligence, data, and capital discipline.
The Company operates a platform-based model in which subsidiaries, affiliates, and portfolio companies plug into VCI Global’s centralized AI, data, governance, and capital allocation systems, enabling faster execution, improved capital efficiency, and scalable growth across multiple industries.
VCI Global’s platform centralizes AI-enabled execution, standardized KPI frameworks, financial and governance controls, and strategic capital allocation, while operating businesses focus on revenue generation, customer relationships, and local execution.
The Company maintains exposure across advisory, AI, and digital infrastructure, digital assets, energy, automotive, and consumer sectors, and continuously evaluates opportunities to scale, spin off, divest, or discontinue businesses based on performance, scalability, and return on capital.
VCI Global’s platform-centric approach is designed to enhance productivity, improve IPO readiness, and unlock long-term value through disciplined growth and selective capital deployment.
For more information on the Company, please log on to https://v-capital.co/.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.
CONTACT INFORMATION:
For media queries, please contact:
VCI GLOBAL LIMITED
enquiries@v-capital.co
SOURCE: VCI Global 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
Based on preliminary technical information provided to the Company, the asset is estimated to contain approximately 59.9 tonnes of gold resources (equivalent to approximately 1.9 million ounces). This estimate is preliminary in nature and subject to further technical validation, independent verification, and compliance with applicable mineral resource reporting standards.
Under the terms of the binding term sheet, VCI Global intends to make an initial investment in the project and is expected to assume a role as Engineering, Procurement, and Construction (EPC) partner, subject to the execution of definitive agreements. The Company will also retain an option to increase its ownership interest to up to 51%, subject to the satisfaction of agreed conditions, milestones, and the execution of definitive agreements.
The project remains at an early development stage. Any progression toward development, construction, or potential future production will be subject to technical assessments, permitting, financing arrangements, and operational execution. There can be no assurance regarding timing, development outcomes, or commercial viability.
This proposed investment is aligned with the Company’s broader capital allocation strategy, including its ongoing evaluation of real-world asset (RWA) initiatives and digital asset infrastructure. The Company continues to assess how physical commodity-linked assets, such as gold, may potentially interface with structured financial frameworks under its RWA-focused initiatives. Any such development remains at an exploratory stage and is subject to regulatory, technical, and commercial considerations.
The transaction is expected to be supported by a phased capital deployment plan, which may include funding for further technical studies and development activities. Any potential fundraising activities will be undertaken in accordance with applicable regulatory requirements and prevailing market conditions.
In accordance with the terms of the transaction and for strategic reasons, the identity of the asset and counterparties has not been disclosed at this stage. Further information will be provided as and when appropriate, subject to regulatory and contractual considerations.
“This transaction reflects our disciplined approach to evaluating strategic opportunities within commodity-linked assets. It provides a structured pathway to assess both the technical and operational potential of the project, while remaining subject to due diligence, definitive agreements, and regulatory approvals,” said Dato’ Victor Hoo, Group Executive Chairman and CEO of VCI Global.
About VCI Global Limited
VCI Global Limited (NASDAQ: VCIG) is an AI-native operating platform designed to scale and optimize businesses through centralized intelligence, data, and capital discipline.
The Company operates a platform-based model in which subsidiaries, affiliates, and portfolio companies plug into VCI Global’s centralized AI, data, governance, and capital allocation systems, enabling faster execution, improved capital efficiency, and scalable growth across multiple industries.
VCI Global’s platform centralizes AI-enabled execution, standardized KPI frameworks, financial and governance controls, and strategic capital allocation, while operating businesses focus on revenue generation, customer relationships, and local execution.
The Company maintains exposure across advisory, AI, and digital infrastructure, digital assets, energy, automotive, and consumer sectors, and continuously evaluates opportunities to scale, spin off, divest, or discontinue businesses based on performance, scalability, and return on capital.
VCI Global’s platform-centric approach is designed to enhance productivity, improve IPO readiness, and unlock long-term value through disciplined growth and selective capital deployment.
For more information on the Company, please log on to https://v-capital.co/.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.
CONTACT INFORMATION:
For media queries, please contact:
VCI GLOBAL LIMITED
enquiries@v-capital.co
SOURCE: VCI Global 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
Monday, 4 May 2026
AM BEST AFFIRMS VIETNAM NATIONAL REINSURANCE CREDIT RATINGS
KUALA LUMPUR, May 4 (Bernama) -- AM Best has affirmed the financial strength rating of B++ (Good), the long-term issuer credit rating of “bbb+” (Good), and the Vietnam National Scale Rating of aaa.VN (Exceptional) of Vietnam National Reinsurance Corporation (VINARE).
The outlook of these credit ratings (ratings) is stable, reflecting VINARE’s very strong balance sheet strength, strong operating performance, neutral business profile and appropriate enterprise risk management (ERM).
VINARE’s balance sheet strength is underpinned by its risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio, which was at the strongest level at year-end 2025 and is expected to remain at this level over the medium term.
Offsetting factors include moderate investment risk driven by equity holdings, as well as reliance on retrocession for large commercial risks, although associated credit risks are partly mitigated by the sound quality of counterparties, according to AM Best in a statement.
The global credit rating agency assesses VINARE’s operating performance as strong, supported by its five-year average return-on-equity ratio of 10.8 per cent (fiscal years 2021 to 2025).
The company has generated robust underwriting profits, supported by favourable underwriting performance of its commercial businesses, although partially offset by a higher expense ratio. Investment income remains the key contributor to its overall earnings, with a net investment income ratio of 22.6 per cent in fiscal year 2025.
Prospectively, AM Best expects VINARE to maintain strong operating performance, supported by its core commercial business and stable investment income.
As Vietnam’s national reinsurer, VINARE benefits from long-standing relationships with local cedants and derives the majority of its premium from the domestic market. The company maintains a well-diversified underwriting portfolio across business lines, although it remains exposed to elevated product risk due to its sizable commercial and industrial risk exposure.
VINARE’s ERM is assessed as appropriate, supported by its risk management framework and technical expertise, including support from its second-largest shareholder, Swiss Reinsurance Company Ltd.
-- BERNAMA
The outlook of these credit ratings (ratings) is stable, reflecting VINARE’s very strong balance sheet strength, strong operating performance, neutral business profile and appropriate enterprise risk management (ERM).
VINARE’s balance sheet strength is underpinned by its risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio, which was at the strongest level at year-end 2025 and is expected to remain at this level over the medium term.
Offsetting factors include moderate investment risk driven by equity holdings, as well as reliance on retrocession for large commercial risks, although associated credit risks are partly mitigated by the sound quality of counterparties, according to AM Best in a statement.
The global credit rating agency assesses VINARE’s operating performance as strong, supported by its five-year average return-on-equity ratio of 10.8 per cent (fiscal years 2021 to 2025).
The company has generated robust underwriting profits, supported by favourable underwriting performance of its commercial businesses, although partially offset by a higher expense ratio. Investment income remains the key contributor to its overall earnings, with a net investment income ratio of 22.6 per cent in fiscal year 2025.
Prospectively, AM Best expects VINARE to maintain strong operating performance, supported by its core commercial business and stable investment income.
As Vietnam’s national reinsurer, VINARE benefits from long-standing relationships with local cedants and derives the majority of its premium from the domestic market. The company maintains a well-diversified underwriting portfolio across business lines, although it remains exposed to elevated product risk due to its sizable commercial and industrial risk exposure.
VINARE’s ERM is assessed as appropriate, supported by its risk management framework and technical expertise, including support from its second-largest shareholder, Swiss Reinsurance Company Ltd.
-- BERNAMA
Subscribe to:
Posts (Atom)