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
CGTN HIGHLIGHTS BREAKTHROUGH IN CHINA-US TRADE TALKS FOLLOWING LONDON MEETING
KUALA LUMPUR, June 12 (Bernama) -- China and the United States (US) have made notable progress in addressing bilateral economic and trade concerns, according to China Global Television Network (CGTN), following the first official meeting of their new economic and trade consultation mechanism held in London.
According to CGTN in a statement, the two-day talks held from June 9 to 10 marked a significant step forward in stabilising China-US economic relations.
In a detailed report, the Chinese state broadcaster highlighted mutual commitments to constructive dialogue, reaffirming both nations' support for cooperation over confrontation in advancing global economic stability.
The London meeting built upon consensus reached during a June 5 phone call between Presidents Xi Jinping and Donald Trump. CGTN reported that Chinese and American officials reached a principled agreement on implementing that consensus and further consolidating the progress achieved during earlier talks in Geneva in May.
The meeting was attended by Chinese Vice Premier He Lifeng, along with US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and US Trade Representative Jamieson Greer.
CGTN quoted Vice Premier He as calling the meeting a critical consultation “under the strategic guidance of the two heads of state”, stressing that cooperation, rather than confrontation, remains the essence of the bilateral relationship.
The CGTN report also featured expert analysis from Sun Taiyi, an associate professor of political science at Christopher Newport University, who described the London meeting as a chance to “clarify outstanding economic and trade issues and help steer bilateral relations back on track.”
The London meeting followed significant developments at a high-level session in Geneva from May 10 to 11, where both nations agreed to substantially reduce tariffs. A joint statement issued on May 12 confirmed the US had lifted 91 per cent of its additional tariffs on Chinese goods, while China responded with a similar reduction in retaliatory measures.
In response to the changes, container bookings from China to the US surged by nearly 300 per cent, according to data from Vizion, a container tracking data provider. In Shenzhen’s Yantian Port, inbound container volumes reportedly rose by over 60 per cent by the end of May.
CGTN’s coverage also highlighted remarks from Michael Hart, the American Chamber of Commerce in China president, who said the tariff war underscored China’s role as both a critical supplier and an irreplaceable market for the US.
-- BERNAMA
Wednesday, 11 June 2025
GRAB RECORDS DOUBLE-DIGIT GROWTH IN MOBILITY, DELIVERY FOR APRIL-MAY
In a statement, the company said on-demand GMV for the two-month period rose 19 per cent year-on-year, in line with its earlier guidance shared during its first quarter earnings.
Growth in mobility rides continued to outpace overall GMV, increasing by 23 per cent from the same period in 2024, underscoring continued momentum in user acquisition and engagement.
Deliveries GMV for the same period grew by 20 per cent year-on-year, with Grab attributing the performance to its focus on product innovation and affordability initiatives aimed at driving higher frequency and customer retention.
Its Indonesian operations stood out, registering consistent sequential gains in both metrics during the period as the company executed on its focus of driving affordability and expansion in the country to benefit driver-partners, merchant-partners and customers.
Grab plans to reveal additional performance details during its upcoming second quarter earnings call, which it will announce in due course.
-- BERNAMA
Bitget Anti-Scam Report Shows AI-Related Scams Drive $4.6B in Crypto Losses in 2024
The report highlights how AI-powered scams have moved beyond phishing emails to include fake Zoom calls, synthetic videos of public figures, and Trojan-laced job offers. Among its key findings, the report identifies three primary scam categories—deepfake impersonation, social engineering schemes, and Ponzi-style projects cloaked in DeFi or NFT branding—as the leading causes of user loss. It also outlines how stolen funds are funneled through cross-chain bridges and obfuscation tools before reaching mixers or exchanges, complicating enforcement and recovery efforts.
Additional insights include case studies from major scam incidents in Hong Kong, the rising use of Telegram and X (Twitter) comment sections as phishing entry points, and the continued growth of professionally run fraud rings operating across borders.
“The biggest threat to crypto today isn’t volatility—it’s deception. That’s why Bitget has designated the entire month of June as Anti-Scam Month—an initiative to elevate industry standards and user awareness. This report is the flagship release within that effort. AI has made scams faster, cheaper, and harder to detect. At Bitget, we believe fighting back requires both technological rigor and ecosystem-wide collaboration. Our goal is to help users trade smarter, not just faster,” said Gracy Chen, CEO at Bitget.
The report also details how Bitget's Anti-Scam Hub, innovative detection systems, and a $500M+ Protection Fund are being actively deployed to mitigate user risks. SlowMist provided detailed forensic insights into scam tactics, ranging from address poisoning to job offer Trojans, while Elliptic examined the laundering patterns of stolen cryptocurrency through cross-chain bridges and mixer platforms.
“Criminals are constantly evolving their methods of attack, using AI and finding new ways to scale their activities. This means that reciprocally, we are also working to scale our technology and blockchain capabilities to track and identify the new methods criminals are using. Our work with Bitget reflects a shared urgency to expose these evolving threats and give users the tools to protect themselves,” said Arda Akartuna, Lead Crypto Threat Researcher, Elliptic, APAC.
“This report reflects the real-world patterns we're seeing on-chain every day. From phishing rings to fake staking dApps, the tactics may change—but the psychology is always the same. Users must be informed, skeptical, and security-minded at all times,” said Lisa, Security Operations Lead, SlowMist.
The report closes with actionable recommendations for both users and institutions, including scam red flag indicators and best practices for avoiding common traps in DeFi, NFT, and Web3 environments.
For the full report, please 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/0c73d1c7-7419-4f43-a2ae-2e9c450fb8bd
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, 10 June 2025
ORBIT MARKETS SECURES THIRD CONSECUTIVE YEAR OF COMPLIANCE CERTIFICATIONS
Orbit Markets in a statement said this achievement marked the third consecutive year the company has successfully obtained these globally recognised standards for information security, privacy, and operational excellence.
Having prioritised security and compliance at the core of its operations since inception, achieving these certifications year after year underscored Orbit’s continued commitment to protecting client data, maintaining robust internal controls, and upholding best-in-class governance frameworks.
In addition to these security audits, Orbit successfully completed an independent anti-money laundering (AML) audit last year, further demonstrating the strength of its compliance programme.
With a strong focus on institutional-grade standards, the company continues to serve an expanding global client base, including asset managers, hedge funds, and trading firms.
Orbit Markets offers institutional clients a comprehensive suite of option products, treasury management solutions, and structured derivatives for a diverse range of digital assets.
-- BERNAMA
Monday, 9 June 2025
Axi Showcases Their Capital Allocation Program, Axi Select, at the Finance Magnates Africa Summit
Event attendees were introduced to Axi Select, Axi’s capital allocation program launched in 2023. The program, designed to empower ambitious traders on their trading journey, has been a game-changer in the trading field. Tens of thousands of traders worldwide have signed up to Axi Select, with many now reaching significant milestones and accessing funding amounts of $100,000, $200,000, and $500,000, and the top funding milestone, $1,000,000.
Attendees of the expo also had the opportunity to explore Axi’s Introducing Broker (IB) and Affiliate programs, learn more about the broker’s partnership with Premier League Champions, Man City, as well as snap exclusive photos with Man City’s Premier League memorabilia and the club’s mascot, brought in especially for the event.
Further to the broker’s collaboration with Premier League club, Manchester City FC, Axi also partners with Brazilian club, Esporte Clube Bahia, LaLiga club, Girona FC, and named England international John Stones as their Brand Ambassador in 2023. Over the past several months, Axi has garnered significant recognition for its innovation in the trading industry. The broker was recently named ‘Best Funded Trader Programme’ by the ADVFN International Financial Awards 2025, acknowledging the excellence of its capital allocation program, Axi Select. In 2024, Axi was also celebrated at the 2024 Dubai Forex Expo with the ‘Innovator of the Year’ award, and was named ‘Most Innovative Proprietary Trading Firm’ by Finance Feeds, highlighting the broker’s continued focus to providing their traders with the competitive edge they need to succeed.
View highlights here: https://youtu.be/Ec2VYV8vOi4
*Granted to the Axi Group of Companies.
The Axi Select programme 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.
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
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
Friday, 6 June 2025
Fortude Earns Second Microsoft Solutions Partner Designation For Azure Innovation
KUALA LUMPUR, June 4 (Bernama) -- Global digital transformation firm, Fortude has been awarded its second Microsoft Solutions Partner designation, ‘Azure Digital and App Innovation’, further strengthening its capabilities in delivering cloud-based solutions.
The latest recognition adds to Fortude’s existing Solutions Partner status in data and artificial intelligence (AI), reflecting its technical expertise and success in deploying transformative solutions using Microsoft technologies.
In a statement, the firm said the recognition enhances its ability to support clients with secure, scalable and compliant enterprise-grade solutions on Microsoft Azure.
Fortude Vice President for Data and AI, Gaurika Wijerathne said the designation acknowledges the team’s ongoing commitment to enabling customers to adopt and scale digital and AI technologies.
“Since achieving Microsoft Gold Partner status in 2018 and earning the Solutions Partner designation for Data and AI in 2023, this latest milestone affirms our dedication to helping customers leverage cloud and AI for business innovation,” he said.
The Solutions Partner designation is granted to companies that meet rigorous standards across technical performance, skills development, and customer success, demonstrating a strong ability to help clients build, manage and run applications on Microsoft platforms.
Founded in 2017, Fortude has delivered analytics solutions across sectors including logistics, fashion, manufacturing, food and beverage distribution, healthcare, insurance and education.
-- BERNAMA
Thursday, 5 June 2025
K Wave Media, Inc. (Nasdaq: KWM) (“K Wave” or the “Company”) Announces entering into a securities purchase agreement for $500 Million Equity Purchase Facility to Support Bitcoin Treasury Strategy
NEW YORK and SEOUL, South Korea, June 5 (Bernama-GLOBE NEWSWIRE) -- K Wave Media, Inc. (Nasdaq: KWM) (“K Wave” or the “Company”), the first Korean media alliance listed on Nasdaq, announced today that it has entered into a securities purchase agreement with Bitcoin Strategic Reserve KWM LLC, providing for the sale by the Company of up to $500 million of ordinary shares.
Proceeds from the facility will be used to support the Company’s Bitcoin-centric digital asset treasury strategy as well as for working capital and M&A activities, further expanding its content and K-POP related businesses. Under this initiative, K Wave will, subject to certain limitations, allocate a significant portion of the proceeds received from the sale of any shares under the facility to the purchasing, long-term holding, and yield optimization of Bitcoin (BTC) — positioning itself among the first publicly traded media companies to integrate BTC directly into its core treasury operations. In addition, the Company plans to operate Bitcoin Lightning Network nodes and invest in Bitcoin-native infrastructure to enhance decentralization and facilitate on-chain transaction rewards.
K Wave is looking to be the “Metaplanet of Korea” — referencing Japan’s Metaplanet Inc., which became the #1 performing stock globally in 2024 and a top performer in 2025 after adopting a Bitcoin reserve strategy. The Company believes a similar model — combining public market access with a focused Bitcoin treasury initiative — will resonate with investors across Asia and the globe. With its growing media and entertainment businesses, BTC treasury, and the utilization of BTC by KWM, will allow consumers to experience KWM’s content and K-pop merchandising in a WEB3 environment and become a catalyst for more rapid growth.
The Company’s asset treasury strategy reflects its commitment to innovation and forward-looking asset management. Key initiatives under the strategy include:
- Acquiring and holding BTC as a primary corporate reserve asset
- Reinvesting BTC yields into additional Bitcoin purchases and infrastructure initiatives to deepen its engagement with the Bitcoin ecosystem.
- Allowing KWM’s consumers to purchase KWM’s content and K-pop merchandising utilizing BTC in a WEB3 environment. Investors can invest in top-quality Korean film and K-pop projects utilizing approved coins by KWM, including BTC.
Choi, Pyeungho, Chairman of the Board of KWM, commented:
“K Wave Media’s bold adoption of Bitcoin as a treasury reserve asset is a visionary move that signals the growing convergence between digital media and decentralized finance. We are proud to support K Wave’s mission to lead Web3 integration in the content space and believe this strategy will create strong, long-term value for its shareholders.”
Ted Kim, Co-Interim CEO of K Wave Media, added:
“At K Wave, we are reimagining the future of media — and that includes our financial foundation. Bitcoin offers not just a store of value, but a foundation for innovation, independence, and global scalability. By embedding BTC into our core strategy, we’re reinforcing our commitment to decentralization, agility, and future-facing value creation. This is a defining step forward for K Wave and for the future of creative finance that will further assist KWM to produce Korea’s best content and help position KWM in the K POP’s entire ecosystem by allowing it to expand to concert management and music distribution, among others.
About K Wave Media
Founded in 2023 and headquartered in the Cayman Islands, K Wave Media Ltd is a diversified entertainment company with operating companies in Korea producing high-quality K-content, K-pop merchandising, and K-entertainment investments. With a strong focus on creator empowerment and blockchain integration, K Wave delivers unique customer experiences to a global audience. The company is redefining the intersection of entertainment, technology, and finance by building an ecosystem that supports decentralized ownership, real-time creator monetization, and crypto-native engagement.
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. The Company's actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including market conditions, regulatory developments, and the Company's ability to successfully integrate the acquired business. The reports filed by the Company with the Securities and Exchange Commission discuss these and other important factors and risks that may affect the Company's business, results of operations and financial conditions. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
Media Contact
Red Rooster PR
Evan Sneider
esneider@redroosterpr.com
SOURCE: K Wave Media
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Wednesday, 4 June 2025
SOLIDUS LABS WARNS OF RISING ACCOUNT TAKEOVERS IMPACTING MARKET INTEGRITY
Similar patterns are now emerging in the United States (US), Hong Kong, Singapore, and other major markets, where watchdogs including the US Financial Industry Regulatory Authority (FINRA), Hong Kong’s Securities and Futures Commission (SFC), and the Monetary Authority of Singapore (MAS) have issued guidance and briefings highlighting Account Takeovers (ATOs) as a critical threat vector, urging firms to enhance detection capabilities.
“We are seeing attackers use phishing, deepfakes, and adversary-in-the-middle techniques not just to defraud accounts, but to move markets.
“Combatting this threat requires a holistic, intelligence-led approach that unifies cybersecurity, compliance, and trade surveillance within a single, risk-based framework,” said Solidus Labs Vice President of Client Solutions and Head of Investigations, Spyridon Antonopoulos in a statement.
The report titled “Account Takeover Meets Market Abuse: The Rise of Cyber-Enabled Financial Crime” details how compromised retail accounts are being hijacked and weaponised for market manipulation, bypassing siloed cybersecurity, fraud, and legacy surveillance systems in the process.
It demonstrates how legacy compliance, fraud monitoring, and trade surveillance systems, each siloed in narrow risk categories, lack the integrated approach necessary to detect ATO-driven manipulation in time to take effective action.
To stay ahead, financial institutions must adopt a surveillance architecture that enables consistent oversight across jurisdictions, markets, and client types; detects anomalous login behaviour and session hijacks; and correlates suspicious trade activity across potentially compromised accounts.
Solidus Labs’ HALO platform provides a unified view of risk by integrating multi-dimensional signals that are traditionally siloed across surveillance, cybersecurity, and fraud teams, such as transactional behaviour, cybersecurity telemetry, and real-time order book dynamics.
This intelligence is processed via a risk-based, agentic artificial intelligence architecture purpose-built to detect cyber-enabled financial crime and market manipulation. Powered by bespoke detection algorithms, HALO reduces alert fatigue, accelerates investigations, and helps safeguard brokers’ reputations and bottom lines.
-- BERNAMA
Mavenir Partners Three UK, Red Hat To Double 5G Speeds In Open RAN Trial
KUALA LUMPUR, June 3 (Bernama) -- Mavenir, the cloud-native network infrastructure provider, has collaborated with Three UK and Red Hat in demonstrating the performance benefits of 5G non-standalone O-RAN compliant small cells in Glasgow City Centre, doubling 5G speeds at peak times.
“This network densification project proves that the Open RAN layer built by Mavenir can efficiently and effectively meet the needs of Three UK and its customers in one of the busiest cities in the UK.
“Our solution has delivered twice the improvement in 5G speeds, a measurable uplift in capacity, and the handover of customer traffic has been outstanding,” said Mavenir Senior Vice President, Cloud and AI, Brandon Larson.
This milestone United Kingdom (UK)-first trial of Open RAN in a dense urban environment also marks the first live deployment of O-RAN compliant small cells working alongside legacy macro cells from traditional vendors in this environment, driving a significant reduction in traffic congestion by delivering high-quality coverage and additional capacity.
During the initial phase of the trial, both 4G and 5G speeds doubled during the busiest times of the day, with Three UK’s 5G speeds reaching an impressive 520 megabits per second (Mbps) across the trial area, while the capacity boost also cascaded into further performance and user experience improvements in surrounding sites.
Following the successful trial of 18 live sites in Glasgow City Centre, the project will now move into its final deployment phase, bringing the total number of Open RAN small cell sites to 34, according to Mavenir in a statement.
Mavenir’s roll-out of a small cell densification layer for Three UK is being delivered as part of the Small Cells O-RAN in Dense Areas (SCONDA) project, a key connectivity initiative backed by the UK government’s Department for Science, Innovation and Technology (DSIT).
The project represents a significant step forward for Open RAN in the UK by trialling – for the first time – the integration of a full decentralised Open RAN architecture with existing traditional infrastructure into a high-traffic, high-footfall city setting.
With this latest deployment, Mavenir and Red Hat are continuing to offer carrier-grade telco cloud solutions to mobile network operators, leveraging a decade of well-established collaboration. Mavenir RAN workloads on Red Hat OpenShift offer an attractive value proposition for the mobile network operators.
-- BERNAMA
Tuesday, 3 June 2025
WorkJam Brings Next-Gen AI to the Frontline Workforce with Google Cloud
Built on Google Cloud’s Industry-Leading AI Infrastructure
WorkJam’s AI roadmap is engineered on Google Cloud, providing unmatched scalability, performance, and global reliability. With built-in enterprise-grade security and compliance, it is ready to meet the demands of complex industries such as retail, healthcare, logistics, and manufacturing.
Powered by Google’s Gemini Models: Multimodal Intelligence for Real-World Impact
Leveraging Google’s Gemini models, WorkJam delivers intelligent and conversational AI that understands text, voice, and visual inputs—creating more natural, intuitive user experiences for frontline employees. From task automation and knowledge retrieval to in-the-moment support, WorkJam’s AI Agent supercharges productivity and reduces friction in everyday operations.
An AI Vision for the Future of Frontline Work
WorkJam’s vision is to continue to transform the frontline experience by integrating Google’s Gemini models to deliver real-time intelligence, automation, and intuitive support directly into daily workflows. By combining voice, text, and visual understanding, WorkJam empowers frontline employees with instant access to knowledge, adaptive training, and seamless task execution—regardless of language or role. This reduces friction, streamlines operations, and unburdens managers to focus on high-value work. AI will enable intelligent labour utilization, and ensure the right people are deployed at the right time, maximizing productivity, engagement, and customer impact for every customer.
A Collaboration Driving Innovation
This collaboration enables WorkJam to co-innovate alongside Google Cloud, gaining early access to AI advancements and accelerating delivery of cutting-edge capabilities to global customers.
"By integrating the powerful reasoning capabilities of Google’s Gemini models into the WorkJam platform, we’re redefining labour utilization for frontline teams across the APAC region. This isn’t just about smarter scheduling—it’s about giving managers and employees real-time support to make better decisions, balance workloads, and drive productivity. With Gemini models, WorkJam ensures the right people are in the right place at the right time, improving operational efficiency while creating a more engaging and productive work environment."
— Steven Kramer, CEO, WorkJam
About WorkJam
WorkJam was founded in 2014 to improve the lives of frontline workers. As the world’s leading digital frontline workplace, WorkJam combines communication, task management, scheduling tools, learning, and more – all on one app. It is the only complete and unified system designed to revolutionize the way HQs and their frontline work together, boosting efficiencies and productivity. Available in 50 languages with in–line translations, the app helps organizations bridge language barriers and create a more inclusive working environment for all. WorkJam introduces Total Workforce Orchestration®. To learn more, visit WorkJam.com or follow us on LinkedIn.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20250602131067/en/
Contacts
Felicia Kane
fkane@bcg-pr.com
Source: WorkJam
--BERNAMA
FALCON LUXE SIMPLIFIES PRIVATE JET TRAVEL WITH BLOCK HOURS ACCESS
“Today, people want flying to be simple. Block hours are our way of making that happen. You do not have to think about availability, pricing, or paperwork every time. You just fly when you need to, and it works,” said Alex Group Investment Founder & Chairman, Sultan Rashit Abdulla Rashit Al Shene.
According to a statement, with its simple concept, clients pre-purchase a set number of flight hours and draw from them as needed, enjoying priority access to Falcon’s fleet.
Block hours are increasingly popular for individuals and organisations seeking a practical, reliable way to fly, as there is no need to request a quote for every flight or deal with repetitive booking procedures.
They are especially useful for companies arranging frequent flights, offering a smarter alternative with cost transparency and guaranteed availability.
In addition, the Falcon Luxe’s block hours bring simplicity and convenience, in which clients know what is included, when they can fly, and receive consistent support every time they travel.
A premier aviation service provider, Falcon Luxe continues to adapt its services to meet the evolving expectations of travellers, delivering flexible private jet travel solutions that simplify the way people fly.
-- BERNAMA
TUGU INSURANCE COMPANY DROPS AM BEST RATING PARTICIPATION
At the time of the withdrawal, the outlook of these credit ratings (ratings) is stable, and the rating withdrawals follow TIC's request due to its strategic decision to discontinue its participation in AM Best's interactive rating process.
In a statement, AM Best said its procedure is for a final rating opinion to be produced in conjunction with a rating withdrawal.
However, in this case, a final rating opinion could not be provided due to a lack of sufficient updated financial information and business plans necessary to support such an assessment.
Headquartered in the United States, AM Best does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.
-- BERNAMA
MITSUBISHI ELECTRIC DONATES 7.4 MLN JAPANESE YEN FOR MYANMAR QUAKE RELIEF
KUALA LUMPUR, June 3 (Bernama) -- Mitsubishi Electric Corporation has donated a total of 7.4 million Japanese yen to support relief efforts for victims of the earthquake that struck Myanmar on March 28 through its in-house matching-gift initiative, the Mitsubishi Electric SOCIO-ROOTS Fund. (100 Japanese yen = RM2.95)
In a statement, the company said donations were collected from employees across Mitsubishi Electric Group offices, amounting to 3.7 million Japanese yen, which was then matched by the company.
The full amount was donated on May 30 to Save the Children Japan's disaster response programme in Myanmar.
The latest contribution follows a separate 10 million Japanese yen corporate donation announced by the company on April 7.
The Mitsubishi Electric Group extends its deepest sympathies to those affected by the disaster and expresses its sincere hopes for a swift recovery.
Established in 1992, the SOCIO-ROOTS Fund allows Mitsubishi Electric employees in Japan — and occasionally worldwide — to support welfare-related facilities and programmes, as the fund is part of the group’s commitment to social responsibility and community support.
-- BERNAMA