KUALA LUMPUR, May 6 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of B+ (Good) and the long-term issuer credit rating of “bbb-” (Good) of New Zealand Medical Indemnity Insurance Limited (NZMII). The outlook of these credit ratings (ratings) is stable, reflecting NZMII’s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. NZMII’s balance sheet strength is underpinned by risk-adjusted capitalisation at the strongest level as of March 31, 2023 (fiscal year-end 2023), as measured by Best’s Capital Adequacy Ratio. AM Best in a statement said prospective risk-adjusted capitalisation remains sensitive to the pace of the company’s business growth and the size of future dividend distributions given its modest capital base. The company’s balance sheet strength is supported by its conservative investment portfolio, consisting mainly of cash and fixed-income securities, while its operating performance is assessed as adequate, demonstrated by a five-year average return-on-equity ratio of 14 per cent (fiscal years 2019-2023). Its overall operating performance has improved significantly since fiscal year 2021, as a result of remedial actions taken by management, including premium rate adjustments and shifting the composition of the investment portfolio to reduce investment risk. Although prospective underwriting results remain sensitive to increased claims and elevated expenses, operating profitability is expected to remain positive and supportive of the adequate assessment. The credit rating agency assesses NZMII’s business profile as limited given its position as a small and niche insurer in New Zealand providing medical indemnity insurance to medical practitioners and health professionals. As a monoline insurer with operations in a single country, AM Best views the company as having limited geographic and product diversification, in which access to new business is supported by NZMII’s affiliation with the New Zealand Resident Doctors’ Association. -- BERNAMA
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KUALA LUMPUR, May 2 (Bernama) -- Azul announced its Intelligence Cloud, a cloud analytics solution, now supports Oracle Java Development Kit (JDK) and any OpenJDK-based Java Virtual Machine (JVM) from any vendor or distribution.
The company in a statement said Azul Intelligence Cloud consisted two services which address challenges for Java applications running in production, namely Azul Vulnerability Detection, to eliminate false positives by accurately identifying and prioritising known security vulnerabilities; and Code Inventory, to help identify unused and dead code by precisely detailing what custom and third-party code is actually run. Its co-founder and chief executive officer, Scott Sellers said Azul Intelligence Cloud which provides actionable intelligence from production Java runtime data to dramatically boost developer productivity, is a game-changer. “Using the information already inside JVMs running in production, Intelligence Cloud provides unprecedented precision and the intelligence needed to solve two significant DevOps challenges – alert fatigue from an intractable vulnerability, false positive backlog and technical debt from maintaining unused code. “We are excited to extend these capabilities across all an enterprise’s Java application fleet, regardless of JDK vendor or distribution, to dramatically slash time from unproductive tasks and multiply DevOps productivity,” he said. For DevOps teams, dealing with Java application deployments that often comprise a heterogeneous mix of JVMs across different Java vendors, platforms and versions becomes increasingly complex. By supporting any JDK distribution, Azul Intelligence Cloud delivers key benefits across an enterprise’s entire Java fleet including eliminate vulnerability false positives; efficiently triage new vulnerabilities; as well as real-time and historical analysis, accelerated by artificial intelligence. Headquartered in Sunnyvale, California, Azul provides the Java platform for the modern cloud enterprise and is the only company 100 per cent focused on Java. -- BERNAMA RIYADH, Saudi Arabia, May 3 (Bernama-GLOBE NEWSWIRE) -- KFSH&RC tops the healthcare sector in the Kingdom of Saudi Arabia and the Middle East, recognizing it as the most valuable healthcare brand in these regions for the second year. According to the 2024 Brand Finance reports, it placed 9th in Saudi Arabia and 28th in the Middle East. Additionally, KFSH&RC stands out as the only hospital worldwide to be ranked among its country's top ten most valuable brands.
The Brand Finance Report shows that KFSH&RC brand value increased by 31%, exceeding 5.6 billion Saudi Riyals, equivalent to USD 1.5 billion. This increase is the result of the hospital's unwavering commitment to incorporating the latest medical technologies and treatments and providing specialized medical care that adheres to the latest international standards. Reflecting on KFSH&RC’s global recognition, Mr. Muhannad Kadi, the Chief Corporate Communications & Marketing Officer, commented, “This accomplishment underscores the hospital’s dedication to achieving the highest quality standards and providing outstanding healthcare, as well as the significant value it delivers to its beneficiaries.” He emphasized that the hospital’s position among the top ten most valuable brands in Saudi Arabia not only highlights its effectiveness but also the positive impact of the ongoing transformations within the Kingdom’s healthcare sector. Over the past year, KFSH&RC has achieved several notable milestones that have significantly contributed to its brand strength and reputation. These include conducting four ground-breaking experiments in space medicine, performing the World's first fully robotic liver transplant, and launching a rapid whole genome sequencing analysis service available to all beneficiaries. Furthermore, KFSH&RC celebrated the successful treatment of 100 T-cell lymphoblastic leukemia patients, a testament to our advanced medical capabilities and dedication to patient care. In line with Saudi Vision 2030 and its transformation programs, initiated by His Royal Highness, the Crown Prince and Prime Minister—which aim to enhance the Kingdom's global position and establish it as a healthcare hub—KFSH&RC has been ranked as the top Academic Medical Centre in the Middle East and Africa. It also secured the 20th spot globally for two consecutive years, 2023 and 2024, according to Brand Finance's Global Top 250 Hospitals report. Additionally, it has been ranked among the top 250 Best Hospitals in the World by Newsweek Magazine. For more information please contact: Mr. Essam Al-Zahrani, Acting Media Affairs Head, 0555254429 Mr. Abdullah Alown, Senior Media Affairs Editor, 0556294232 Source: King Faisal Specialist Hospital & Research Centre --BERNAMA NPCI INTERNATIONAL PARTNERS WITH BANK OF NAMIBIA FOR DEPLOYING INDIA'S UPI STACK IN NAMIBIA3/5/2024 MUMBAI, India, May 3 (Bernama-BUSINESS WIRE) -- NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), has signed an agreement with the Bank of Namibia (BoN) to support them in developing an instant payment system like Unified Payment Interface (UPI) for Namibia.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240502537903/en/ This collaboration marks a strategic leap towards strengthening Namibia’s financial infrastructure and fostering inclusive economic growth. By leveraging technology and experiences from India’s UPI, the partnership seeks to help Namibia modernize its financial ecosystem. This includes improving accessibility, affordability, connectivity with both domestic and international payment networks, and interoperability. This strategic partnership aims to enhance digital financial services and bolster real-time Person-to-Person (P2P) and Merchant payment transactions (P2M) in the African nation. The robust security features inherent in the UPI platform not only promise to instil confidence among users and stakeholders but also ensure scalability for future technological advancements and market demands. Through this collaboration, BoN will gain access to best-in-class technology and insights from NIPL, enabling the creation of a similar platform in Namibia for the digital welfare of its citizens. Mr. Johannes !Gawaxab, Hon'ble Governor of the Bank of Namibia, said, “Our objective is to enhance accessibility and affordability for underserved populations, achieve full interoperability of payment instruments by 2025, modernize the financial sector, and ensure a secure and efficient National Payment System. This endeavour, aligned with the Bank's Strategic Plan and NPS Vision and Strategy 2025, deliberately employs a central bank-led approach to minimize infrastructure costs for financial institutions, thereby ensuring the sustainability and affordability of instant payment solutions for end users. This system aims to connect individuals, businesses, and government entities across Namibia, including the payment of social grants, enabling more efficient economic interactions and supporting the growth of digital entrepreneurship.” Speaking on partnership, Mr. Ritesh Shukla, CEO, NPCI International, said, “We are proud to join hands with Bank of Namibia to enable the deployment of UPI-like real-time payments system in Namibia for the Digital Public Good of its citizens. We are excited about this partnership, which will enable Namibian citizens to transact instantly leveraging technology and experiences from India's UPI. By enabling this technology, the country will gain sovereignty in the digital payments landscape and stand to benefit from enhanced payment interoperability and improved financial access for underserved populations. This will also ensure scalability and adaptability to embrace future technological advancements and market demands, thereby propelling economic prosperity in the region.” Once live, the platform will facilitate digital transactions in Namibia, driving financial inclusion and reducing cash dependency by catering to underserved populations. This collaborative effort seeks to offer essential and affordable financial services to all, with a particular focus on rural and informal sectors. For more details about NPCI International, click here View source version on businesswire.com: https://www.businesswire.com/news/home/20240502537903/en/ Contact For Media Queries: [email protected] Tel: +91 22 4050 8500 Source : NPCI International Payments Limited --BERNAMA PETALING JAYA, April 25 (Bernama) -- The Malaysia Productivity Corporation (MPC) and Lean Management Academy Sdn. Bhd. (LMA) are partnering to bring efficiency expertise to A&W restaurants across Malaysia. A total of 100 A&W outlets are now implementing the Certified Practitioner in Lean Management (F&B) program, designed to streamline operations and enhance customer service.
Malaysia Productivity Corporation (MPC) Director General Zahid Ismail expressed strong support for A&W Malaysia's embrace of Lean Management principles during launching of the A&W Lean Management Program initiative in Shah Alam. This collaborative program underscores a shared commitment from all parties to driving productivity and innovation within the Malaysian restaurant industry. The program equips participating organisations with the skills necessary to optimise processes and accelerate business growth. A&W Malaysia, renowned for its dedication to exceptional customer experiences, takes a significant step towards operational excellence by embracing Lean Management principles. CEO George Ang underscored the importance of exceeding customer expectations, highlighting how Lean practices will empower them to achieve this goal. A&W recently completed a three-day intensive Lean Training/Workshop facilitated by LMA, marking the beginning of their Lean Journey. This comprehensive program aims to instil Lean thinking as a core element of A&W's organisational culture. In a move to elevate customer experience and solidify its position as a top QSR brand, A&W Malaysia embraces Lean Management principles. CEO George Ang highlights how Lean practices will empower A&W to exceed expectations. Following a rigorous Lean training facilitated by LMA, A&W embarks on its Lean Journey, aiming to instil continuous improvement as a core value. "This initiative fosters a long-term culture that will benefit both A&W and our customers," said Ang. The program targets at least 10% reduction in operational costs. Also present together at this event is Datuk William Ng, Champion of Retail and Food & Beverages Productivity Nexus (RFBPN) of MPC. Datuk William Ng applauded A&W Malaysia's commitment to continuous improvement. "Embracing Lean Management principles isn't just about efficiency; it's about survival in today's competitive landscape,” he said. “By eliminating waste and optimising processes, local companies especially SMEs can enhance product quality, improve employee morale, and increase agility in a dynamic market. This translates into a stronger foundation for growth across all retail sectors". For more information about the Certified Practitioner in Lean Management program, visit https://www.leanacademy.com.my/. About Malaysia Productivity Corporation (MPC) MPC is a statutory body under the Ministry of Investment, Trade and Industry (MITI). It drives national productivity holistically at the national, sectoral, and enterprise levels through three main thrusts: developing future talent, driving digitization and innovation, and building a robust ecosystem. It collaborates strategically with the private and public sectors by emphasising productivity as a key agenda to boost productivity growth and national competitiveness, ultimately leading to shared well-being and prosperity. Source: Malaysia Productivity Corporation (MPC) FOR MORE INFORMATION, PLEASE CONTACT: Name: Noor Izzati Kamis Tel: 012-2867346 Email: [email protected] Name: Lee Wan Wei Tel: 012-295 5105 Email: [email protected] --BERNAMA VALORANT MESMERIZES WITH MYSTBLOOM, NEW SKINLINE LAUNCHING WITH EPISODE 8 ACT III ON APRIL 303/5/2024 MALAYSIA, May 2, 2024/Maverick-AsiaNet/-- Malaysia (May 2, 2024) - Riot Games and VALORANT today revealed Mystbloom, a brand new skinline inspired by the spring festival in Japan and the blooming of Sakura during that season. Featuring an ethereal and magical thematic, weapons included in the Mystbloom Skinline are the Phantom, Sheriff, Judge, Operator and Mystbloom Kunai. With Mystbloom, players will experience flowers blooming on weapons as they’re equipped and petal effects surrounding the weapon. Upon inspection, zen and serene moments are created with the skinline’s thematic shining through visuals and music. Mystbloom will also feature a unique looping inspect animation for the Kunai, as well as finishers that spawn an ethereal garden around the player. Color variants for Mystbloom are inspired by seasons (Spring, Summer, Autumn and Winter), which applies to the weapons and finishers. Episode 8 Act III also brings an all new Battle Pass, featuring items like the Epilogue: Mini Mecha Gun Buddy, Comet Sword and Wingman Wiggle Spray. Episode 8 Act III begins April 30, 2024. A press kit containing visual assets, a fact sheet, and a quote sheet for Valorant Mystbloom Skinline is available here and information about the company can be found here. Source: Riot Games and VALORANT http://mrem.bernama.com/viewsm.php?idm=48492 KUALA LUMPUR, May 2 (Bernama) -- Tokyo-headquartered Yamato Holdings Co Ltd has launched an international multimodal transport service by truck and rail connecting Southeast Asia and Europe on May 1. The service was introduced to build a resilient global supply chain between Southeast Asia and Europe, in which the new transportation option offers seamless connectivity for the customers. According to a statement, Yamato Holdings has helped customers build their global supply chains across 24 countries and regions. In addition, its group company, Overland Total Logistic Services (M) Sdn Bhd in Malaysia has been providing cross-border truck transport services utilising container trailers between Southeast Asian countries and China since 2001. Moving forward, the company will continue to propose solutions that optimise the customers' entire global supply chains, aiming for total logistics cost reduction, production efficiency improvement, and environmental impact reduction. By utilising Overland Total Logistic Services' truck transport network for the Southeast Asia-China segment and partnering with rail service providers for the China-Europe segment, Yamato Holdings will provide seamless transportation through the delivery destinations. This solution has shorter transit times than maritime transport via the Cape of Good Hope, and lower cost and less greenhouse gas emissions than air transport. -- BERNAMA DUBAI, United Arab Emirates, April 30 (Bernama-GLOBE NEWSWIRE) -- One Za’abeel, the iconic mixed-use development developed by ICD (Investment Corporation of Dubai), is pleased to announce the launch of The Offices, its ultra-luxurious dual licensed corporate office spaces in One Za’abeel Tower. The Grade-A offices are set to become Dubai’s ultimate business address, attracting global and local organisations alike with its unique dual licensing for both Dubai World Trade Centre Free Zone (DWTC FZ) registered companies and those registered under the mainland.
One Za’abeel is comprised of two skyscrapers, One Za’abeel Tower and One Za’abeel The Residences, which are dissected by The Link, a 230m cantilevered building suspended 100 meters above the ground. The unique shape of the mixed-use development, coupled with its strategic location, garnered it the nickname “The Gateway to Dubai’s Central Business District.” The Offices occupy 17 levels in One Za’abeel Tower and cover a total area of 280,000 sq ft. Built with sustainability in mind, the development demonstrates exemplary environmental efficiency and sustainability standards and achieved LEED Gold certification in December 2023. Characterised as smart offices, The Offices has incorporated smart technologies to provide automation and energy optimisation of all electrical, lighting, air conditioning, and ventilation systems. This allows for energy usage to be regulated, while simultaneously maintaining comfortable indoor temperatures and offering features such as floor to ceiling windows which provide an abundance of natural light and unobstructed views of the city. One Za’abeel is currently in the process of obtaining WiredScore and SmartScore certifications. The Offices prime location within the mixed-use development allows ease of access to all of One Za’abeel’s offerings. Tenants can invite their guests to a meal at any of the many Michelin inspired restaurants in The Link, hold meetings or events at the conferencing facilities within the One&Only One Za’abeel resort, invite their guests to stay the resort or the unique fitness and recovery SIRO hotel, or simply meet at the shops and F&B on the retail podium. Beyond the ecosystem of offerings at the development, additional distinguished services and advanced facilities at The Offices include 24/7 dedicated concierge and security services, 7 levels of basement and smart parking, valet services, and proximity to public transport. Issam Galadari, Director of One Za’abeel Holdings commented: “We believe business success is accelerated with the right location, and hence we are pleased to launch The Offices at One Za’abeel Tower. Situated in the heart Dubai, this will undoubtedly become the ultimate business address for businesses and investors, offering luxurious, spacious, and connected offices with access to retail facilities, world-renowned hotels, and fine dining experiences only an elevator ride away. We look forward to welcoming innovative companies to The Offices and seeing them thrive as they utilise all that One Za’abeel has to offer.” For further updates about One Za’abeel The Offices, kindly visit onezaabeel.com A Media Snippet accompanying this announcement is available by clicking on this link [email protected] Source: One Za'abeel --BERNAMA
Ingelheim, Germany, April 26 (Bernama-GLOBE NEWSWIRE) -- The World Veterinary Association’s theme for World Veterinary Day this year (April 27, 2024) highlights that veterinarians are essential health workers. Without veterinarians, food safety cannot be guaranteed, animals suffer needlessly, and humans face a higher risk of exposure to dangerous infectious diseases. Yet access to veterinary care should not be taken for granted as many veterinarians are currently considering leaving their chosen career, most often due to reasons associated with work-life balance and their mental health.1 Today Boehringer Ingelheim released findings from a survey of 1056 companion animal, livestock, and equine veterinarians in the United States, Japan, United Kingdom, France, Brazil, and Germany, to explore if veterinarians feel valued and understood by animal owners. A main finding of the study is that only 49% of veterinarians feel that the veterinary profession in general is appreciated. “Understanding the reasons why veterinarians feel their profession is underappreciated, raising awareness of often-unseen and complex aspects of veterinary work, and most importantly, showing veterinary professionals that we recognize their essential work, is an important first step,” remarks Fabio Paganini, Member of the Global Animal Health Executive Committee at Boehringer Ingelheim. “As a veterinarian myself, I know that there is so much to love about this job. Together, we can showcase the relentless dedication, the genuine compassion, and the scientific know-how it takes to work as a veterinarian. It truly is a vocation to aspire to.” Perceived levels of appreciation for the veterinary profession were relatively consistent across key types of veterinary teams — with only 48% of pet-focused (cats and dogs), 55% of livestock and 42% of equine veterinary professionals reporting that their profession was appreciated. This is despite 75% of survey respondents reporting feeling personally appreciated by their client base. “We should not stand quietly as our colleagues leave the ring due to stress and burnout,” remarked Dr Ellen Van Nierop, President at World Small Animal Veterinary Association. “Veterinarians are exceptional professionals, who play an essential role in directly maintaining and improving the health and well-being of animals and indirectly, of the whole society. It is imperative that we shine a light on the often-unseen care and effort veterinarians put into forging a healthy and happy society.” Digging deeper: what underpins appreciation levels? Veterinary professionals believe their personal clients appreciate their “level of expertise” (reported by 66% of veterinarians surveyed), the “ability to deal with ethical dilemmas (including euthanasia)” (61% of veterinarians) and the fact “they provide a large variety of care” (57% of veterinarians). However, the survey also revealed that clients don’t always have full awareness of how far veterinarians push themselves to provide care. Of all participants, 49% felt they were underappreciated by clients when it came to understanding the “resilience to stress and emotional exhaustion” required from the job, with 48% reporting an underappreciation of the fact they “work despite feeling physically exhausted” and the way they “trade-off their work-life-balance to help animals”. What needs to be done? All survey respondents were asked to state a key aspect of their profession that they wish people knew more about. The most common responses from pet-focused participants were “our compassion and dedication to animal welfare i.e. not money” and “our commitment to being a veterinarian and the difficulties of the role”. Similarly, the most common response from both livestock and equine veterinary professionals was the “importance, competence and value of the profession”. Boehringer Ingelheim, together with the Word Small Animal Vet Association (WSAVA) and the World Association for Buiatrics, plus other leading organizations, are united to help veterinarians — starting with showcasing veterinary professionals’ compassion and dedication to animal welfare, while shedding light on the often-unseen complex and difficult aspects of care. “By celebrating the essential behind-the-scenes work veterinarians do, we can help them feel seen and appreciated so that they hopefully retain their passion for animal care for as long as possible,” shared Prof. Arcangelo Gentile, President of the World Association for Buiatrics. “World Veterinary Day 2024 (April 27) serves as the perfect opportunity to raise awareness of what really happens behind the clinic, farm and stable doors.” Countless young people are dreaming of becoming a veterinarian. We want them to understand the beautiful, complex, raw, fascinating, and touching reality behind the dream. And we want them to know how rich a life lived as a veterinarian can be. Going Beyond 2024 survey (implemented by Kynetec, on behalf of Boehringer Ingelheim) “We're proud to have partnered with Boehringer Ingelheim on this project. Working together, we were able to provide significant insight that we believe will lead to increased understanding of the care that veterinarians provide and make their essential professional engagement widely recognized in the public,” commented Dr. Jan Bahlmann, Kynetec's Head of Animal Health Customer Insights (Europe). Top-line survey design The survey was conducted from mid to end of March 2024 across 1056 veterinarians in Brazil (212), Japan (201), United Kingdom (170), France (162), United States (160) and Germany (151). The survey scope included companion animal (57%), equine (5%), dairy (10%), beef (8%), swine (6%) and poultry (3%) specialist veterinarians as well as mixed practices without a main focus (11%). Computer-assisted web as well as telephone interviews in local language were used to collect the data. Going Beyond campaign Going Beyond is a campaign developed by Boehringer Ingelheim with support from industry partners and veterinary associations to raise awareness of, and celebrate, the essential behind-the-scenes care that veterinarians provide for animals and communities worldwide. This care, which often goes unseen by animal owners, can leave veterinarians feeling underappreciated, contributing to poor mental health. Launching around World Veterinary Day 2024, Going Beyond aims to tackle this issue head-on by showcasing the boundless dedication, resilience and passion of veterinarians who care for animals in often challenging circumstances. The ultimate goal is to help veterinarians feel seen, appreciated and motivated to continue doing what they do best – caring for our beloved animals. Kynetec Kynetec is a global provider of data, analytics and insights in agriculture, animal health and nutrition. We empower agribusinesses and animal health and nutrition companies to make data-driven decisions, from strategy to execution, through predictive analytics and advanced insights. What sets us apart is our direct access to the markets we serve - farmers, veterinarians, pet owners, and agricultural experts - and our deep understanding of the complex dynamics that shape those markets. We regularly undertake data and analytics projects in all the major agricultural and animal health/nutrition markets, spanning more than 80 countries, to provide the insights that enable our clients to build winning strategies and brands. Kynetec’s responsibilities in this campaign work included empirical research co-design, survey execution and analytics. Boehringer Ingelheim - Animal Health business Boehringer Ingelheim provides innovation for preventing and treating diseases in animals. The company offers a wide range of vaccines, parasite-control products, and medicines for pets, horses, and livestock to veterinarians, animal owners, farmers, and governments. As a leader in animal health, Boehringer Ingelheim values that the health of humans and animals is deeply connected and strives to make a difference for people, animals, and society. Learn more at www.boehringer-ingelheim.com/animal-health. Boehringer Ingelheim Boehringer Ingelheim is a biopharmaceutical company active in both human and animal health. As one of the industry’s top investors in research and development, the company focuses on developing innovative therapies that can improve and extend lives in areas of high unmet medical need. Independent since its foundation in 1885, Boehringer takes a long-term perspective, embedding sustainability along the entire value chain. More than 53,500 employees serve over 130 markets to build a healthier, more sustainable, and equitable tomorrow. Learn more at www.boehringer-ingelheim.com. Intended Audiences Notice This press release is issued from our Corporate Headquarters in Ingelheim, Germany, and is intended to provide information about our global business. Please be aware that information relating to the approval status and labels of approved products may vary from country to country, and a country-specific press release on this topic may have been issued in the countries where we do business. 1 Nolen RS., AVMA. Practice Inefficiencies Compound Veterinary Stress. (2021). Available at: https://www.avma.org/javma-news/2021-12-01/practice-inefficiencies-compound-veterinary-stress Last accessed April 2024. Attachments SOURCE : Boehringer Ingelheim MIMOS BERHAD AND PHISON ELECTRONICS CORPORATION FORGE STRATEGIC ALLIANCE TO ELEVATE MALAYSIAN SMES26/4/2024 BUKIT JALIL, April 25 (Bernama) -- MIMOS Berhad, a premier innovation centre in semiconductors, microelectronics, and ICT technologies under the Ministry of Science, Technology and Innovation (MOSTI), and Phison Electronics Corporation, a global leader in NAND flash controllers and storage solutions, signed a Memorandum of Cooperation recently in Kuala Lumpur witnessed by YB Tuan Chang Lih Kang, MOSTI Minister. This strategic collaboration will advance Artificial Intelligence (AI) driven model training in Malaysia. MIMOS and Phison are joining forces to address the critical need for AI applications that safeguard confidential information while boosting competitiveness for Malaysian businesses. This partnership will harness Phison’s aiDAPTIV+ platform and MIMOS' expertise in E&E research and development to transform the training of large language models (LLMs), enhancing accessibility for SMEs without the need for extensive resources. The collaboration will produce specialised firmware for the aiDAPTIV+ platform, offering SMEs cost-effective, efficient LLM training solutions previously available only to larger enterprises. Additionally, the platform will be adapted for various use cases, providing affordable LLM fine-tuning both as a technology and a service. Dr. Saat Shukri Embong, the Acting President and Chief Executive Officer of MIMOS remarked, “Besides the immediate benefit to SMEs that are keen to utilise AI in their business strategies, this partnership between Phison and MIMOS is also a strategic avenue to boost the nation's capabilities and capacity in integrated circuits development and system design. We are very excited about this opportunity for both MIMOS and Malaysia.” About Phison Electronics Corporation Founded in Taiwan in 2000, Phison started with the world’s first single-chip USB flash drive controller IC. Over the next 24+ years, Phison grew to become a market leader in NAND flash controllers and NAND storage solutions, including PCIe/SATA/PATA SSD, UFS, eMMC, SD and USB. Today, nearly one out of every four SSDs shipped worldwide is a Phison solution. Phison solutions leverage advanced technologies that enable life and work as we know it today, and prepare us for how it will change tomorrow. Phison is a trusted partner in extended engineering, design and manufacturing services. It serves top PC OEMs, NAND product manufacturers, rack storage OEMs and major consumer/retail brands. About MIMOS Berhad MIMOS is a strategic agency under the Ministry of Science, Technology and Innovation (MOSTI) and a premier innovation centre in Semiconductors, Microelectronics, and ICT technologies, contributing to Malaysia’s socio-economic growth through patentable technology platforms, products, and solutions. Since its inception, MIMOS has filed more than 1,300 patents in various technology domains and across key socio-economic areas driving Malaysia’s digital transformation journey into the international arena, rebranding itself as MIMOS Global in 2022. As a centre of research excellence, MIMOS R&D activities currently focus on Semiconductor & Thin Film Research, Advanced Electronics & Embedded Systems, as well as Manufacturing and Smart Nation technologies. MIMOS continuously enhance its collaborations with existing strategic partners, explores new opportunities with potential partners, and develops new technology companies and business-oriented technology venture organisations. MIMOS also maintains its R&D of advanced technology, explores the development of global technopreneurship, and cultivates an attitude of trust, innovation and high performance. For more information, please visit www.mimos.my. http://mrem.bernama.com/viewsm.php?idm=48465 |
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