VICTORIA, Seychelles, May 29 (Bernama-GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, has announced the listing of Ripple USD (RLUSD) on its spot trading platform. RLUSD, an enterprise-grade USD-backed stablecoin issued by Ripple, enters the Bitget ecosystem at a time when demand for secure and compliant digital assets continues to rise, particularly among institutional participants and developers focused on enterprise-grade blockchain use cases.
As a stablecoin pegged 1:1 to the U.S. dollar, RLUSD is natively issued on both the XRP Ledger (XRPL) and Ethereum, leveraging the unique strengths of each blockchain. The asset is backed by a segregated reserve held in USD fiat and cash equivalents. Bitget’s decision to list RLUSD aligns with its strategy to support strong, high utility-driven assets across its growing spot market, which serves as a curated space for projects that advance blockchain adoption through real-world applications.
“We’re excited to partner with Ripple, a team that has consistently pushed forward the adoption of crypto,” said Gracy Chen, CEO of Bitget. “RLUSD stands out as one of the few stablecoins issued by a NYDFS-chartered limited purpose trust company, placing it in a uniquely clear regulatory framework. This is particularly important for institutions seeking transparency and compliance in today’s evolving digital asset landscape. Listing RLUSD also aligns with our 2025 strategy to expand institutional offerings and build a more robust, trusted ecosystem.”
The RLUSD listing on Bitget expanded access and offered a trusted trading venue for one of the industry's most closely monitored digital assets.
Bitget continues to scale its listings to support the increasing demand of the crypto market. The integration of RLUSD responds to the ongoing wave of stablecoins gaining popularity as critical tools in decentralized finance (DeFi), gaming, and tokenized asset ecosystems.
With an extensive selection of over 900 crypto pairs and a commitment to broadening its offerings, Bitget connects users to various ecosystems, including Bitcoin, Ethereum, Solana, Base, and TON. The addition of RLUSD signals a strategic move to embrace regulated stablecoins’s becoming a gateway to trade innovative crypto projects.
To know more about RLUSD on Bitget please visit here.
About Bitget
Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 100 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 world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.
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.
About Ripple
Ripple is the leading provider of digital asset infrastructure for financial institutions and other enterprises—delivering simple, compliant, reliable software that unlocks efficiencies, reduces friction, and enhances innovation in global finance. Ripple’s solutions leverage the XRP Ledger and its native digital asset, XRP, which was purpose-built to enable fast, low-cost, highly scalable transactions across developer and financial use cases. With a proven track record of working with regulators and policymakers around the world, Ripple’s payments, custody and stablecoin solutions are pioneering the digital asset economy—building credibility and trust in enterprise blockchain. Together with customers, partners and the developer community, we are transforming the way the world creates, stores, manages and moves value.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/9cba8e14-64a1-4afa-b20e-1fb01bb7d4f6
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
Friday, 30 May 2025
Wednesday, 21 May 2025
IMM INVESTMENT SECURES HAMILTON LANE BACKING IN LANDMARK ASIA SECONDARY DEAL
KUALA LUMPUR, May 20 (Bernama) -- IMM Investment, a prominent Korean asset manager, and Hamilton Lane, a global private markets firm, announced the completion of a strategic secondary transaction involving the IMM Infra 8th Private Equity Fund.
The deal, finalised on March 31, 2025, marks Hamilton Lane’s investment through the purchase of existing limited partner interests, and represents the first infrastructure-focused secondary deal in Asia for IMM Investment, according to a statement.
“This transaction speaks to the institutional strength of our infrastructure platform and the increasing confidence global investors have in Korea as a long-term infrastructure market.
“We are excited to welcome Hamilton Lane as an investor. Their global perspective and deep secondaries expertise will enhance our ability to manage and scale high-quality assets while continuing to deliver value to both existing and new investors,” said IMM Investment Singapore chief executive officer, Jin Heum Paek.
Meanwhile, Hamilton Lane Head of Infrastructure and Real Assets, Brent Burnett highlighted the growing opportunities in the infrastructure secondaries market, driven by the global expansion of assets under management.
He emphasised that the investment in the IMM fund aligns with Hamilton Lane’s focus on sourcing distinctive, high-quality opportunities across the infrastructure space.
The IMM Infra 8th Private Equity Fund is a core-plus and value-added infrastructure vehicle, offering exposure to a diverse portfolio across Korea’s energy, mobility, digital, and social infrastructure sectors.
This investment highlights the increasing appeal of Korean infrastructure to global institutional investors and underscores IMM Investment’s ability to attract international capital through specialised, high-performing platforms.
Through this partnership, IMM Investment will continue managing the fund with a hands-on, value-creation approach, while Hamilton Lane contributes cross-border reach, institutional due diligence, and governance alignment. The collaboration also reinforces IMM Investment’s transformation from a Korea-centric manager into a regional player with global reach.
Established in 2023, IMM Investment Singapore serves as the firm's international gateway for fundraising and strategic alliances, helping bridge Korean infrastructure opportunities with overseas capital.
-- BERNAMA
The deal, finalised on March 31, 2025, marks Hamilton Lane’s investment through the purchase of existing limited partner interests, and represents the first infrastructure-focused secondary deal in Asia for IMM Investment, according to a statement.
“This transaction speaks to the institutional strength of our infrastructure platform and the increasing confidence global investors have in Korea as a long-term infrastructure market.
“We are excited to welcome Hamilton Lane as an investor. Their global perspective and deep secondaries expertise will enhance our ability to manage and scale high-quality assets while continuing to deliver value to both existing and new investors,” said IMM Investment Singapore chief executive officer, Jin Heum Paek.
Meanwhile, Hamilton Lane Head of Infrastructure and Real Assets, Brent Burnett highlighted the growing opportunities in the infrastructure secondaries market, driven by the global expansion of assets under management.
He emphasised that the investment in the IMM fund aligns with Hamilton Lane’s focus on sourcing distinctive, high-quality opportunities across the infrastructure space.
The IMM Infra 8th Private Equity Fund is a core-plus and value-added infrastructure vehicle, offering exposure to a diverse portfolio across Korea’s energy, mobility, digital, and social infrastructure sectors.
This investment highlights the increasing appeal of Korean infrastructure to global institutional investors and underscores IMM Investment’s ability to attract international capital through specialised, high-performing platforms.
Through this partnership, IMM Investment will continue managing the fund with a hands-on, value-creation approach, while Hamilton Lane contributes cross-border reach, institutional due diligence, and governance alignment. The collaboration also reinforces IMM Investment’s transformation from a Korea-centric manager into a regional player with global reach.
Established in 2023, IMM Investment Singapore serves as the firm's international gateway for fundraising and strategic alliances, helping bridge Korean infrastructure opportunities with overseas capital.
-- BERNAMA
TYLER JONES JOINS DUCK CREEK TECHNOLOGIES AS CHIEF MARKETING OFFICER
KUALA LUMPUR, May 20 (Bernama) -- Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has appointed Tyler Jones as Chief Marketing Officer (CMO).
As CMO, Jones will be responsible for overseeing Duck Creek’s strategic marketing and branding efforts, driving the company’s global expansion and leadership as a provider of P&C insurance software and services.
“Tyler is a seasoned marketer and leader who understands how to deliver value to our customers and partner ecosystem. He has a wealth of experience building and scaling world-class marketing organisations for cloud-based software companies.
“I am thrilled to welcome him to the Duck Creek team and look forward to working with him to accelerate our growth and expand our market leadership,” said Duck Creek Technologies Chief Executive Officer, Mike Jackowski in a statement.
Meanwhile, Jones said Duck Creek is a visionary company that is transforming the way insurers operate and serve their customers, and he is impressed by the company's culture, products, and customer-centric approach.
“I look forward to collaborating with the talented Duck Creek team and partners to amplify our brand, engage our audiences, and drive business outcomes,” added Jones.
With over two decades of experience at the intersection of technology, insurance, and customer experience, Jones joins Duck Creek from CLARA Analytics, where he led growth initiatives and commercial partnership programmes that drive the adoption of artificial intelligence (AI)-powered solutions.
At CLARA Analytics, Jones continued to drive customer-centric strategies, ensuring that clients achieved optimal value from the company's AI platform, in which his leadership was instrumental in CLARA's mission to deliver compelling return on investment to customers within months of implementation.
-- BERNAMA
As CMO, Jones will be responsible for overseeing Duck Creek’s strategic marketing and branding efforts, driving the company’s global expansion and leadership as a provider of P&C insurance software and services.
“Tyler is a seasoned marketer and leader who understands how to deliver value to our customers and partner ecosystem. He has a wealth of experience building and scaling world-class marketing organisations for cloud-based software companies.
“I am thrilled to welcome him to the Duck Creek team and look forward to working with him to accelerate our growth and expand our market leadership,” said Duck Creek Technologies Chief Executive Officer, Mike Jackowski in a statement.
Meanwhile, Jones said Duck Creek is a visionary company that is transforming the way insurers operate and serve their customers, and he is impressed by the company's culture, products, and customer-centric approach.
“I look forward to collaborating with the talented Duck Creek team and partners to amplify our brand, engage our audiences, and drive business outcomes,” added Jones.
With over two decades of experience at the intersection of technology, insurance, and customer experience, Jones joins Duck Creek from CLARA Analytics, where he led growth initiatives and commercial partnership programmes that drive the adoption of artificial intelligence (AI)-powered solutions.
At CLARA Analytics, Jones continued to drive customer-centric strategies, ensuring that clients achieved optimal value from the company's AI platform, in which his leadership was instrumental in CLARA's mission to deliver compelling return on investment to customers within months of implementation.
-- BERNAMA
Tuesday, 20 May 2025
AM BEST AFFIRMS EXCELLENT RATINGS FOR CHINA’S PING AN P&C
KUALA LUMPUR, May 19 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a+” (Excellent) of Ping An Property & Casualty Insurance Company of China Ltd (Ping An P&C), with a stable outlook for both ratings.
The affirmation reflects Ping An P&C’s robust financial foundation, strong operational performance, favourable business profile and appropriate enterprise risk management, according to AM Best in a statement.
The company’s balance sheet is considered very strong, supported by the highest level of risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio. Ping An P&C's consolidated capital and surplus (C&S) grew by nine per cent year-over-year to 136.7 billion Chinese yuan (US$18.7 billion) by the end of 2024. (US$1=RM4.28)
Its investment strategy remains conservative, with a focus on fixed-income assets, while its financial flexibility is bolstered by a consistent ability to issue capital supplementary bonds domestically.
Operationally, Ping An P&C has sustained strong returns, with a return on equity (ROE) of 11.5 per cent in 2024, recovering from underperformance in 2022 and 2023. The insurer reported a net profit after tax of 15.0 billion Chinese yuan.
Its motor insurance line continues to be a key revenue driver, accounting for about 70 per cent of total premiums over the past five years.
Despite the rise in new-energy vehicle (NEV) policies, the company has maintained stable underwriting margins thanks to advanced pricing models and operational efficiency. Losses in credit and guarantee lines in previous years were labelled as one-off events, and the company has since exited that segment.
Ping An P&C holds a strong market position, being the second-largest property/casualty insurer in China since 2009, with around a 20 per cent market share. In 2024, the company’s insurance service revenue hit 328.1 billion Chinese yuan, and its broad distribution network and technological investments have contributed to enhanced risk management and operational performance.
AM Best notes that Ping An P&C is well-positioned at its current ratings level. A potential upgrade could be on the horizon if the company expands its global footprint while maintaining its financial strength. Conversely, a downgrade could result from a prolonged decline in underwriting results or a weakening of its capital base due to elevated risk exposures.
-- BERNAMA
The affirmation reflects Ping An P&C’s robust financial foundation, strong operational performance, favourable business profile and appropriate enterprise risk management, according to AM Best in a statement.
The company’s balance sheet is considered very strong, supported by the highest level of risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio. Ping An P&C's consolidated capital and surplus (C&S) grew by nine per cent year-over-year to 136.7 billion Chinese yuan (US$18.7 billion) by the end of 2024. (US$1=RM4.28)
Its investment strategy remains conservative, with a focus on fixed-income assets, while its financial flexibility is bolstered by a consistent ability to issue capital supplementary bonds domestically.
Operationally, Ping An P&C has sustained strong returns, with a return on equity (ROE) of 11.5 per cent in 2024, recovering from underperformance in 2022 and 2023. The insurer reported a net profit after tax of 15.0 billion Chinese yuan.
Its motor insurance line continues to be a key revenue driver, accounting for about 70 per cent of total premiums over the past five years.
Despite the rise in new-energy vehicle (NEV) policies, the company has maintained stable underwriting margins thanks to advanced pricing models and operational efficiency. Losses in credit and guarantee lines in previous years were labelled as one-off events, and the company has since exited that segment.
Ping An P&C holds a strong market position, being the second-largest property/casualty insurer in China since 2009, with around a 20 per cent market share. In 2024, the company’s insurance service revenue hit 328.1 billion Chinese yuan, and its broad distribution network and technological investments have contributed to enhanced risk management and operational performance.
AM Best notes that Ping An P&C is well-positioned at its current ratings level. A potential upgrade could be on the horizon if the company expands its global footprint while maintaining its financial strength. Conversely, a downgrade could result from a prolonged decline in underwriting results or a weakening of its capital base due to elevated risk exposures.
-- BERNAMA
Friday, 16 May 2025
PINNACLE LIFE RECEIVES POSITIVE CREDIT RATINGS FROM AM BEST
KUALA LUMPUR, May 16 (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’s Pinnacle Life Limited (Pinnacle Life).
The stable outlook of these credit ratings (ratings) reflects Pinnacle Life’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.
AM Best in a statement said the ratings also factored in a neutral impact from the company’s ultimate parent, Greenstone Holdco Pty Limited (Greenstone).
Pinnacle Life’s balance sheet strength is underpinned by its risk-adjusted capitalisation, which was at the strongest level at fiscal year-end 2024, as measured by Best’s Capital Adequacy Ratio, and is expected to remain at that level over the medium term.
The company’s balance sheet strength assessment also reflects its appropriate regulatory solvency and good financial flexibility, supported by Greenstone.
Additionally, the balance sheet strength assessment has factored in Pinnacle Life’s high reliance on third-party reinsurance and small capital base, which increase the sensitivity of its capital adequacy to outsized new business growth, changes in the interest rate environment, and shock events.
With operating performance assessed as adequate, Pinnacle Life’s operating results have been driven by the adequate underwriting performance of its in-force life business and healthy investment returns.
Meanwhile, its business profile was assessed as limited, largely reflecting the company’s small scale of operations and its low product and geographic diversification in New Zealand, as key product offerings are focused on mortality products.
While AM Best considers Pinnacle Life’s risk management capabilities as appropriate for its key risks, ongoing development is expected as the company expands its scope of operations.
-- BERNAMA
MCI DEBUTS TRACK PLATFORM IN QATAR, MARKING MIDDLE EAST ENTRY
KUALA LUMPUR, May 16 (Bernama) -- Management Controls Inc (MCi), the leader in contractor data and cost management, has expanded its global presence with the launch of its Track Platform in Qatar.
“This deployment reinforces our commitment to serving industrial leaders across the globe. We are enabling our customers to reduce risk, eliminate waste, and ensure accountability—no matter where they operate.
“By anchoring our platform with such a key site in the Middle East, we have gained a crucial foothold in a region where we expect to expand considerably over the coming years,” said MCi President, Ken Naughton in a statement.
First in the Middle East, this milestone marks the 55th international site to implement MCi’s solutions for real-time contractor visibility, compliance, and cost control, which have a presence spanning major industrial operations in North America, Europe, Asia-Pacific, and Africa.
The implementation took place at one of the largest gas-to-liquids (GTL) facilities, a complex industrial operation run by a global energy leader, reinforcing Track’s ability to scale across the most demanding environments.
Expansion into Qatar reflects MCi’s continued international growth and worldwide demand for enterprise-grade solutions that bring transparency and control to complex contractor operations.
With the Track Platform now live, site leadership in Qatar will benefit from improved labour, equipment, and material cost control; automated contract enforcement; real-time data visibility; and seamless integration with existing enterprise resource planning (ERP) systems.
-- BERNAMA
“This deployment reinforces our commitment to serving industrial leaders across the globe. We are enabling our customers to reduce risk, eliminate waste, and ensure accountability—no matter where they operate.
“By anchoring our platform with such a key site in the Middle East, we have gained a crucial foothold in a region where we expect to expand considerably over the coming years,” said MCi President, Ken Naughton in a statement.
First in the Middle East, this milestone marks the 55th international site to implement MCi’s solutions for real-time contractor visibility, compliance, and cost control, which have a presence spanning major industrial operations in North America, Europe, Asia-Pacific, and Africa.
The implementation took place at one of the largest gas-to-liquids (GTL) facilities, a complex industrial operation run by a global energy leader, reinforcing Track’s ability to scale across the most demanding environments.
Expansion into Qatar reflects MCi’s continued international growth and worldwide demand for enterprise-grade solutions that bring transparency and control to complex contractor operations.
With the Track Platform now live, site leadership in Qatar will benefit from improved labour, equipment, and material cost control; automated contract enforcement; real-time data visibility; and seamless integration with existing enterprise resource planning (ERP) systems.
-- BERNAMA
Thursday, 15 May 2025
Bitget Protection Fund Maintains Strength with $561 Million Average Value in April 2025
VICTORIA, Seychelles, May 15 (Bernama-GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, reports that its Protection Fund held an average value of $561 million throughout April 2025, highlighting the exchange's ongoing efforts to maintain strong security for its user base. The Protection Fund hit a high of $617M and a low of $496M for the month of April but maintained a strong average overall. The fund remains a key layer of protection against market instability, offering reassurance to users during a period of macroeconomic uncertainty and shifting investor sentiment in crypto markets.
The fund fluctuated in tandem with broader digital asset movements in April, as Bitcoin traded within a moderate range and altcoins showed mixed performance. Despite a challenging market, the Protection Fund sustained strong fundamentals, showcasing its stability and the resilience of Bitget’s risk mitigation framework.
“Our Protection Fund continues to reflect the strength of Bitget’s long-term security strategy,” said Gracy Chen, CEO of Bitget. “As conditions in the crypto market evolve, the fund’s performance shows our priority in safeguarding user assets and building a reliable ecosystem that can weather both volatility and growth.”
Launched in 2022 with an initial allocation of $300 million, the Protection Fund has more than doubled in size, bolstered by Bitget’s steady platform growth and smart financial management. Bitget’s security framework is built on a comprehensive, multi-layered approach that goes well beyond its $516M Protection Fund and 191% Proof of Reserves. With monthly Merkle Tree audits verifying full asset backing and ISO 27001:2022 certification reinforcing best-in-class protocols, the platform integrates SSL encryption and an advanced risk control system that actively monitors suspicious activity. This combination of rigorous standards and real-time protection has kept Bitget breach-free since 2018 and contributed to its AAA security rating and helped reinforce user confidence to set a benchmark for transparency across the industry.
For more information and monthly updates on the Protection Fund, 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 world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.
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.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d71d7905-324d-44e1-be39-0046857f39ac
https://www.globenewswire.com/NewsRoom/AttachmentNg/d3a3c692-7be0-41a9-9b0d-edd9ebc3511b
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.
The fund fluctuated in tandem with broader digital asset movements in April, as Bitcoin traded within a moderate range and altcoins showed mixed performance. Despite a challenging market, the Protection Fund sustained strong fundamentals, showcasing its stability and the resilience of Bitget’s risk mitigation framework.
“Our Protection Fund continues to reflect the strength of Bitget’s long-term security strategy,” said Gracy Chen, CEO of Bitget. “As conditions in the crypto market evolve, the fund’s performance shows our priority in safeguarding user assets and building a reliable ecosystem that can weather both volatility and growth.”
Launched in 2022 with an initial allocation of $300 million, the Protection Fund has more than doubled in size, bolstered by Bitget’s steady platform growth and smart financial management. Bitget’s security framework is built on a comprehensive, multi-layered approach that goes well beyond its $516M Protection Fund and 191% Proof of Reserves. With monthly Merkle Tree audits verifying full asset backing and ISO 27001:2022 certification reinforcing best-in-class protocols, the platform integrates SSL encryption and an advanced risk control system that actively monitors suspicious activity. This combination of rigorous standards and real-time protection has kept Bitget breach-free since 2018 and contributed to its AAA security rating and helped reinforce user confidence to set a benchmark for transparency across the industry.
For more information and monthly updates on the Protection Fund, 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 world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.
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.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d71d7905-324d-44e1-be39-0046857f39ac
https://www.globenewswire.com/NewsRoom/AttachmentNg/d3a3c692-7be0-41a9-9b0d-edd9ebc3511b
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.
Wednesday, 14 May 2025
AM BEST MAINTAINS STABLE OUTLOOK FOR JAPAN'S NON-LIFE INSURANCE INDUSTRY
KUALA LUMPUR, May 14 (Bernama) -- Global credit rating agency, AM Best has maintained a stable outlook on Japan’s non-life insurance industry, supported by improved profitability in the fire insurance segment and tighter regulatory oversight aimed at driving market reforms.
In its latest report titled “Market Segment Outlook: Japan Non-Life Insurance”, AM Best noted that Japan’s Financial Services Agency (FSA) has increased regulatory scrutiny over the past 18 months, introducing stricter governance requirements for insurers.
In a statement, the credit rating agency said these include enhanced oversight of agency networks and the elimination of improper distributor incentives.
While the new measures may temporarily raise compliance costs, they are expected to enhance transparency, improve acquisition cost efficiency, and promote fair competition over the long term.
“AM Best expects that the regulatory shift will lead to increased transparency and comparability for Japanese non-life insurers with global counterparts under similarly advanced regulatory frameworks,” said AM Best director of analytics, Chanyoung Lee.
The report also highlighted the upcoming implementation of the Insurance Capital Standard in Japan’s fiscal year 2025, under which assets and liabilities will be measured at market value. Although this solvency regime will primarily affect life insurers, most non-life companies have already bolstered their risk management systems in preparation.
To mitigate underwriting volatility in fire insurance — exacerbated by a rise in the frequency and severity of natural catastrophes — insurers have introduced pricing reforms to better reflect actual risk exposure and reduce potential losses.
On the investment front, a more favourable interest rate environment, driven by a shift in policy from deflation control to inflation management, has benefitted non-life insurers holding substantial bond portfolios. This trend is expected to support investment income over the next 12 months.
However, the automobile insurance segment remains under pressure due to rising repair and labour costs, with loss ratios trending upward for major insurers, according to AM Best senior financial analyst, Charles Chiang.
-- BERNAMA
Tuesday, 6 May 2025
NIKE REVAMPS LEADERSHIP TEAM, PROMOTES KEY EXECUTIVES AS O'NEILL RETIRES
KUALA LUMPUR, May 6 (Bernama) -- NIKE Inc (Nike) has unveiled a strategic reorganisation of its Senior Leadership Team (SLT) to fast-track progress on the company’s "Win Now" action plan and position it for long-term growth.
In a statement, the company said its President and Chief Executive Officer (CEO), Elliott Hill, along with outgoing President of Consumer, Product, and Brand, Heidi O’Neill, announced that leadership responsibilities will now be split into three distinct areas.
These areas are Consumer and Sport, Marketing, and Product Creation, which includes Innovation and Design. These divisions will report directly to Hill.
Following this reorganisation, O’Neill will retire after 26 years with the company, remaining in an advisory role until September.
Hill praised her lasting influence on Nike’s brand and innovation, crediting her for putting athletes at the core of the company’s vision.
He also expressed confidence in the revamped structure, stating that the appointments would enable Nike to fully leverage its competitive strengths and maintain its focus on sport and athletes.
In line with the leadership changes, Amy Montagne, formerly Vice President (VP)/General Manager of Global Women’s, has been appointed Nike President, tasked with driving growth and strengthening consumer engagement across all sports.
Phil McCartney, who previously held the role of VP, Footwear, has been promoted to Executive Vice President (EVP), Chief Innovation, Design & Product Officer, overseeing innovation and product creation for Nike, Jordan and Converse.
Nicole Graham has been elevated to EVP, Chief Marketing Officer (CMO), from her previous position as CMO, where she will lead brand storytelling and global marketing efforts for all three brands.
Meanwhile, Dr Thomas Clarke, who has been serving as strategic advisor to the CEO, takes on the new position of Chief Growth Initiatives Officer, focusing on Nike's long-term expansion strategies.
-- BERNAMA
In a statement, the company said its President and Chief Executive Officer (CEO), Elliott Hill, along with outgoing President of Consumer, Product, and Brand, Heidi O’Neill, announced that leadership responsibilities will now be split into three distinct areas.
These areas are Consumer and Sport, Marketing, and Product Creation, which includes Innovation and Design. These divisions will report directly to Hill.
Following this reorganisation, O’Neill will retire after 26 years with the company, remaining in an advisory role until September.
Hill praised her lasting influence on Nike’s brand and innovation, crediting her for putting athletes at the core of the company’s vision.
He also expressed confidence in the revamped structure, stating that the appointments would enable Nike to fully leverage its competitive strengths and maintain its focus on sport and athletes.
In line with the leadership changes, Amy Montagne, formerly Vice President (VP)/General Manager of Global Women’s, has been appointed Nike President, tasked with driving growth and strengthening consumer engagement across all sports.
Phil McCartney, who previously held the role of VP, Footwear, has been promoted to Executive Vice President (EVP), Chief Innovation, Design & Product Officer, overseeing innovation and product creation for Nike, Jordan and Converse.
Nicole Graham has been elevated to EVP, Chief Marketing Officer (CMO), from her previous position as CMO, where she will lead brand storytelling and global marketing efforts for all three brands.
Meanwhile, Dr Thomas Clarke, who has been serving as strategic advisor to the CEO, takes on the new position of Chief Growth Initiatives Officer, focusing on Nike's long-term expansion strategies.
-- BERNAMA
Saturday, 3 May 2025
xSuite Asia To Host 2025 User Conference In Singapore On May 29
KUALA LUMPUR, May 2 (Bernama) -- xSuite Asia will hold its 2025 User Conference on May 29 in Singapore, offering information technology (IT) and finance professionals an in-depth look at future-ready technologies including artificial intelligence (AI), invoice processing, SAP S/4HANA, cloud computing and SAP Clean Core strategies.
In a statement, the company said under the theme "One Team. One Journey", the software provider showcases innovations and solutions for the finance sector.
A major highlight of the conference will be a customer keynote sharing real-world insights into the implementation of xSuite’s automated invoice processing solution. The session will outline the project’s setup, challenges encountered, and the measurable results achieved.
The conference will focus on finance technologies with a forward-looking perspective, showcasing its latest product roadmap while exploring how trends such as AI and cloud platforms are reshaping the finance landscape.
The agenda includes a deep dive into xSuite’s Prediction Server, an AI-powered tool supporting invoice processing in SAP environments.
The session will explore its expanding capabilities across finance workflows and the use of large language models (LLMs) to enhance document recognition and data extraction.
Another key session will focus on SAP S/4HANA migration and Clean Core strategy. Participants will gain insights into xSuite’s SAP-integrated Business Solutions 6.0 and offerings developed on the SAP Business Technology Platform (BTP), including for private cloud environments.
The event will conclude with networking opportunities and strategic discussions on customer requirements, digital transformation best practices, and xSuite’s role as a premium technology partner.
-- BERNAMA
JTB Global Unveils Luxury Helicopter Tour Under “SUNRISE TOURS Premier” Brand
KUALA LUMPUR, May 2 (Bernama) -- Tokyo-based JTB Global Marketing & Travel Inc (JTBGMT) has officially launched “SUNRISE TOURS Premier”, a new premium brand targeting affluent inbound travellers seeking luxurious and exclusive experiences.
The launch was marked by the introduction of the premier “Helicopter Cruise! Mt Fuji & Tokyo Half-day Private Morning Tour”, which is available for overseas bookings beginning April 2025.
In a statement, JTBGMT said the new brand serves as a sister to the long-established “SUNRISE TOURS” and aims to offer high-value private travel experiences.
Among the highlights of the new tour is an 80-minute scenic helicopter flight over Mount Fuji, providing a unique aerial perspective of the iconic peak. This new offering represents an upgrade from the existing 12-hour ‘1-Day Mt Fuji & Hakone Tour’ under the SUNRISE TOURS brand.
Designed for up to four guests, a private tour is tailored for special occasions such as birthdays, wedding anniversaries, and proposals, offering a luxurious and memorable experience.
JTBGMT will continue to introduce exclusive travel products to address evolving market demands and strengthen Japan’s position as a top destination for inbound tourism.
Launched in 1964, SUNRISE TOURS was Japan’s first package tour brand for foreign visitors and has since served over eight billion tourists globally.
-- BERNAMA
Axi Celebrates Axi Select’s Two $1M Funded Traders in Sydney, Australia
SYDNEY, May 2 (Bernama-GLOBE NEWSWIRE) -- Leading online FX and CFD broker Axi proudly announced a few months ago their first-ever Axi Select traders to have reached the Pro M stage of their capital allocation program, with each securing $1 million in funding.
To celebrate this major milestone and their remarkable achievement, the two traders, Francisco Quesada Godines and Daniel Gutiérrez Viñas, visited Axi’s headquarters in Sydney, Australia, where they were formally inducted into the Axi Pro Hall of Fame, and were presented with their $1M cheques, celebration trophies, and certificates of achievement. The visit also included a series of interviews where the traders reflected on their trading journey with Axi Select, their strategies to reaching the top milestone of the program, and the unique opportunities that the program provides.Rajesh Yohannan, Chief Executive Officer of Axi, shared his excitement for the program’s success, noting “The value of Axi Select extends far beyond funding. Both Francisco and Daniel benefitted from an array of support features such as the EDGE score, our dashboard and leaderboard, our exclusive trading room, and our vast educational resources, each one designed to elevate traders’ edge in the markets.”
Following the incredible news of Axi Select’s first two $1,000,000 funded traders, 22-year-old Kayan Freitas also joined the ranks of Pro M traders, accessing the top funding amount. Reflecting on his success, the trader commented that “It’s a big responsibility”, but, at the same time, is confident in his skills and is ready to rise to the challenge.
Launched in 2023, Axi Select offers traders the opportunity to access capital funding up to $1,000,000 USD and earn up to 90% of their profits. Moreover, Axi Select traders benefit from $0 membership fees*, trading on a live account, unrestrictive trading conditions, an exclusive trading room, and more.
Watch video https://youtu.be/25ZOZBFUB3Y?si=QQuj4uDnxG-BJ8_g
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. * Standard trading fees and minimum deposit apply.
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
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/af0cd73a-fe85-42d6-891a-4348cc3016d4
https://www.globenewswire.com/NewsRoom/AttachmentNg/0a6eebca-9de1-4c28-86c6-97a19edd13cd
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, 2 May 2025
AKWEL Q1 REVENUE SLIPS 4.0 PCT ON WEAK AUTO OUTPUT, 2025 OUTLOOK UNCHANGED
KUALA LUMPUR, May 2 (Bernama) -- AKWEL, a French automotive parts supplier specialising in fluid management and components for electric vehicles, posted first-quarter (QI) 2025 revenue of 255.6 million euros, down 4.0 per cent on a like-for-like basis as global auto production weakened in most key markets outside China and Japan. (1 Euro = RM4.87)
According to AKWEL in a statement, revenue declined across core regions, with Europe, the Middle East and Africa (EMEA) down 3.8 per cent to 170.7 million euros and the Americas down 1.9 per cent to 76.4 million euros.
However, the Asian region registered a modest increase of 2.8 per cent to 8.5 million euros.
Meanwhile, Products and Functions turnover dropped 3.3 per cent to 247.8 million euros, though demand in the Decontamination (10.4 per cent) and Cooling (4.5 per cent) segments remained resilient.
However, other segments such as Air, Mechanisms and Fuel saw declines of 27.1 per cent, 8.7 per cent and 2.7 per cent, respectively. The Tools division remained relatively stable, with a turnover of 5.6 million euros.
AKWEL reported consolidated net cash, excluding lease liabilities, of 149.6 million euros at the end of March, an increase of 4.6 million euros compared to Dec 31, 2024, despite reduced investments of 8.6 million euros, down from 20.2 million euros a year earlier.
Citing continued market uncertainty and muted production trends, AKWEL maintained its outlook, anticipating a decrease in 2025 revenue similar to that recorded in 2024.
-- BERNAMA
According to AKWEL in a statement, revenue declined across core regions, with Europe, the Middle East and Africa (EMEA) down 3.8 per cent to 170.7 million euros and the Americas down 1.9 per cent to 76.4 million euros.
However, the Asian region registered a modest increase of 2.8 per cent to 8.5 million euros.
Meanwhile, Products and Functions turnover dropped 3.3 per cent to 247.8 million euros, though demand in the Decontamination (10.4 per cent) and Cooling (4.5 per cent) segments remained resilient.
However, other segments such as Air, Mechanisms and Fuel saw declines of 27.1 per cent, 8.7 per cent and 2.7 per cent, respectively. The Tools division remained relatively stable, with a turnover of 5.6 million euros.
AKWEL reported consolidated net cash, excluding lease liabilities, of 149.6 million euros at the end of March, an increase of 4.6 million euros compared to Dec 31, 2024, despite reduced investments of 8.6 million euros, down from 20.2 million euros a year earlier.
Citing continued market uncertainty and muted production trends, AKWEL maintained its outlook, anticipating a decrease in 2025 revenue similar to that recorded in 2024.
-- BERNAMA
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