Abaxx Hosts China City Gas Delegation In Singapore To Strengthen Regional Energy Ties

KUALA LUMPUR, Aug 28 (Bernama) -- Abaxx Technologies Inc, a financial software and market infrastructure company, facilitated a high-level delegation from the China City Gas Association (CCGA) to Singapore on Aug 26 and 27.

The delegation engaged with Enterprise Singapore and the Asia Natural Gas & Energy Association (ANGEA) to explore opportunities for cross-border cooperation in the natural gas and energy sectors.

The discussions centred on sustainability and innovation, with a focus on carbon-neutral liquefied natural gas (LNG), biogas integration, and resilient energy market development.

“The growing demand for cleaner energy solutions presents a complex set of challenges for markets across Asia.

“By facilitating this delegation, we are helping connect key stakeholders and identify practical pathways to enhance market efficiency,” said Abaxx Exchange Chief Executive Officer (CEO), Nancy Seah in a statement.

Enterprise Singapore Director of Trade, Ivan Tan said Singapore’s position as Asia’s energy trading hub has attracted companies from the United States, Europe and China to set up trading operations in the republic.

Meanwhile, ANGEA CEO, Paul Everingham said the association was delighted to support the visit, noting that gas plays a vital role in China’s urban energy transition.

CCGA Deputy Secretary General, Ma Changcheng noted that Singapore’s strengths in LNG and financial markets provide valuable insights for China’s gas sector modernisation, adding: “We anticipate concrete synergies from this exchange.”

Representing China’s leading city gas distributors, the CCGA delegation met with Singapore policymakers and industry leaders to align on strengthening regional energy market infrastructure and leveraging Singapore’s trading ecosystem.

Other areas of discussion included knowledge-sharing and potential partnerships in LNG infrastructure, decarbonisation technologies, and exploring Abaxx Exchange’s solutions for risk management and price discovery in the LNG market.

-- BERNAMA

Boyd Unveils Plug-And-Play Tool To Speed Up Liquid-Cooled Data Centre Deployment

 

KUALA LUMPUR, Aug 28 (Bernama) -- Boyd has introduced a new thermal testing tool, the Rack Emulator, aimed at enabling safer and more efficient deployment of liquid-cooled data centres, particularly for artificial intelligence (AI) infrastructure.

In a statement, the company said the Rack Emulator is designed to simulate the pressure drop and heat dissipation of a rack while using automation to test coolant distribution units (CDUs) and facility cooling systems.

The tool validates thermal performance before connection to data centre information technology (IT) equipment, ensuring efficient and safe operation during start-up without risk of damage.

“Boyd’s new Rack Emulator will help our end clients reliably and safely validate thermal performance and safeguard their IT equipment,” said Boyd President, Thermal Solutions Division, David Huang.

Boyd’s Rack Emulator is programmable and flexible, capable of simulating any rack by connecting to the liquid cooling system and inputting capacity and pressure drop protocols.

Additionally, the emulator can test electrical inputs to the rack before the server is installed, further enhancing safety and reliability.

Functioning as a thermal load bank and simulator in a rack-sized package, the Rack Emulator fits conveniently within a data centre row, minimising space requirements and simplifying load bank testing. The tool is easy to ship, store, and operate, helping lower the total cost of ownership.

Available for order now, Boyd confirmed that shipments of the Rack Emulator will commence in September.

Boyd’s liquid cooling technologies, supported by a global service model, enable clients to meet thermal performance specifications through modular and easy-to-adopt designs, backed by decades of design and manufacturing expertise.

-- BERNAMA

THAILAND’S ALLIANZ AYUDHYA GENERAL INSURANCE RATINGS AFFIRMED EXCELLENT - AM BEST

KUALA LUMPUR, Aug 28 (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 Thailand’s Allianz Ayudhya General Insurance Public Company Limited (AAGI).

The outlook of these credit ratings (ratings) is stable, reflecting AAGI’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.

In addition, AAGI benefits from rating enhancement from Allianz SE (Allianz Group), reflecting the explicit and implicit support it receives from the group, according to AM Best in a statement.

AAGI’s solid balance sheet is supported by its very strong level of risk-adjusted capitalisation at year-end 2024, as measured by Best’s Capital Adequacy Ratio.

The company’s risk-adjusted capitalisation remains sensitive to the company’s ultimate capital distribution levels and earnings retention; however, it is expected to remain at least at the strong level over the medium term.

With the majority of its investments allocated to cash, deposits and high-quality bonds, AM Best views AAGI’s investment strategy as conservative, and it has a moderate reliance on reinsurance to support its underwriting capacity and manage its exposure to catastrophic events.

Operating performance dipped slightly in 2024 with a combined ratio of 101.1 per cent, compared with 96.7 per cent in 2023, primarily due to flood losses in northern Thailand and higher health claims, though this was partially offset by an improved motor insurance portfolio.

The company’s operating performance remained profitable in the first half of 2025, despite some impact from the Thailand earthquake in March. Its stable investment income, which is comprised of mainly interest income, continues to support overall profitability.

While AAGI holds a limited business profile, operating solely within Thailand, it is the country’s ninth largest general insurer, with a 3.7 per cent market share. The 2023 amalgamation with Aetna Health Insurance (Thailand) has bolstered its health insurance scale and diversified its portfolio.

-- BERNAMA

Bitget Brings the Bull to Bali at Coinfest Asia 2025

BALI, Indonesia, Aug 27 (Bernama-GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, has successfully concluded its participation at Coinfest Asia 2025, held at Nuanu Creative City, Bali, from 21 to 22 August. As one of the most anticipated gatherings on the Asian crypto calendar, Coinfest Asia brought together innovators, builders, and enthusiasts, with Bitget marking its presence with a series of engaging activities that spotlighted its community-driven spirit, product innovation, and global partnerships.

The celebrations kicked off on 20 August with a lighthearted padel game tournament at Paradise Padel Bali, bringing together partners and friends ahead of the main Coinfest agenda. On 22 August, Bitget and Bitget Wallet co-hosted the official Indonesia side event, 'Chill & Bull', which featured product sharing sessions from VIP managers, an introduction to Bitget’s AI-powered trading assistant GetAgent, and insights from Bitget Wallet’s team on their recent rebrand, 'Crypto for Everyone'.

Bitget and Bitget Wallet introduced exclusive branded merchandise line created specifically for Coinfest attendees, blending the companies’ signature branding with the spirit of the Bali event. Attendees also had the chance to catch sight of Bitget’s branded bike, highlighting the company’s global MotoGP partnership and reinforcing its presence at the intersection of sport, culture, and crypto.

The 'Chill & Bull' side event also featured a mini panel discussion titled Crypto Market Pulse: Regional Strategies & Global Outlook in a Shifting Landscape. Panelists shared their personal views on the shifting dynamics of the market, addressing questions from the audience and sparking open conversations about future opportunities in crypto and Web3.

Bitget’s vibrant engagement at Coinfest Asia reflects its continued investment in community engagement, education, and cultural connection, ensuring that its ecosystem extends far beyond trading into real-world experiences that resonate with both institutional and retail audiences alike.

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. 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 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. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

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/c3508fa8-df83-4ff7-8e71-e0980638b47f

https://www.globenewswire.com/NewsRoom/AttachmentNg/c58068c1-0757-4fca-8661-84bdbbed1bf1

https://www.globenewswire.com/NewsRoom/AttachmentNg/42013e23-d450-4a15-8b21-9b7805f05bb2

https://www.globenewswire.com/NewsRoom/AttachmentNg/27825ce1-5b82-4939-ae5a-23df81017e8d

https://www.globenewswire.com/NewsRoom/AttachmentNg/d17fccf6-42ea-4cfe-bef8-ab05497c5482

https://www.globenewswire.com/NewsRoom/AttachmentNg/39528144-28a7-411e-83b1-690d33bfdcec

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

Bitget Releases August 2025 Proof of Reserves, Maintaining 188% Reserve Ratio

VICTORIA, Seychelles, Aug 27 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world’s leading cryptocurrency exchange and Web3 company, has released its August 2025 Proof of Reserves (PoR) report, reaffirming its commitment to transparency and user protection. The latest data shows that Bitget continues to hold reserves well above the industry standard, with a total reserve ratio of 188% across major assets.

As of August 22, 2025, Bitget holds 28,022.72 BTC in reserves against 7,681.36 BTC in user assets, reflecting a 365% reserve ratio. For USDT, the exchange safeguards 1,953,837,757.51 USDT compared to 1,933,428,717.47 USDT in user assets, ensuring a 101% reserve ratio. In terms of ETH, Bitget maintains 283,323.26 ETH in reserves against 141,470.62 ETH in user holdings, representing a 200% reserve ratio. Similarly, for USDC, the platform holds 172,087,642.62 USDC, double the 86,012,252.81 USDC in user assets, again demonstrating a 200% reserve ratio. Notably, Bitget’s USDC reserves grew 46% month-on-month, underscoring the exchange’s expanding asset strength and rising user confidence.

These figures reinforce Bitget’s position as one of the most transparent and secure platforms in the industry, as the exchange consistently maintains more than 100% of user deposits across all major assets. The company’s ongoing publication of PoR reports, verified using the Merkle Tree method, allows users to independently validate their account balances and confirm that their funds are fully backed at all times.

Gracy Chen, CEO of Bitget, said, "At Bitget, transparency and user protection are not just industry standards — they are our core commitments. Maintaining a 188% reserve ratio is part of our ongoing mission to provide a secure, trustworthy platform for our global users. We will continue to set the benchmark in safeguarding assets, giving every user the confidence to trade, invest, and build in Web3 knowing their funds are fully protected."

With the August update showing strong reserves across all major assets, Bitget continues to lead among centralized exchanges in publishing independent, verifiable, and surplus-backed Proof of Reserves.

To check the updated proof-of-reserves, 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. 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 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. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

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/5c4d0efe-8940-4d82-87f5-4e2fe1ff08e1

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

HBKU TO HOST GLOBAL AI ETHICS CONFERENCE IN DOHA THIS SEPTEMBER

KUALA LUMPUR, Aug 26 (Bernama) -- Hamad Bin Khalifa University (HBKU) will host a landmark conference on artificial intelligence (AI) ethics, themed “The Convergence of Technology and Diverse Moral Traditions”, from Sept 28 to 29, at the Qatar National Convention Center (QNCC) in Doha.

The event is expected to gather leading academics, policymakers, industry experts and ethicists to discuss how AI is transforming societies and how globally diverse value systems should shape its responsible development and deployment.

In a statement, HBKU said the conference comes at a time when technological innovation is advancing faster than regulatory frameworks, underscoring the need for meaningful international action.

Socially disruptive technologies are increasingly impacting daily life. It is therefore crucial to establish ethical guidelines that safeguard cultural and human norms while supporting innovation.

The two-day programme will highlight six thematic areas – healthcare, urban design, security, education, finance and the future of the workplace.

The discussions aim to advance cohesive international standards that help mitigate institutional risks and protect individuals and communities potentially affected by the rapid growth of AI.

The university stressed the importance of cross-sector and cross-disciplinary collaboration to ensure that AI progresses in ways that reflect collective responsibility and diverse global moral frameworks.

Notable speakers include experts from Microsoft, MIT, the Alan Turing Institute, Smart Cities Council, and leading universities such as Peking University, the University of Vienna, and Northwestern University.

The conference promises to be a catalyst for setting ethical guardrails in AI’s global trajectory—aligned with human dignity, equity, and cultural nuance.

-- BERNAMA

Duck Creek Powers India’s First Cloud-Native Health Insurance Platform With HDFC ERGO

KUALA LUMPUR, Aug 21 (Bernama) -- Duck Creek Technologies, a global leader in core systems for the insurance industry, has enabled HDFC ERGO General Insurance (HDFC ERGO) to become India’s first insurer to launch a health insurance line using a cloud-native software as a service (SaaS) platform.

This achievement establishes a new standard for the delivery of health protection and policyholder outcomes in the region.

“The launch of the health line of business, with the support of HDFC ERGO General Insurance, is a significant milestone for Duck Creek in India and the region,” said Duck Creek Technologies Managing Director APAC, Christian Erickson in a statement.

Erickson said it demonstrates the power of the company’s solutions to help insurers innovate faster, smarter, and more efficiently.

Meanwhile, HDFC ERGO President and Chief Technology Officer, Sriram Naganathan said the partnership aims to make health insurance more accessible, affordable and convenient, supporting India’s growing healthcare protection needs.

He added the adoption of Duck Creek’s platform has improved straight-through processing, enabling seamless issuance of policies, including for customers with pre-existing conditions.

Already using Duck Creek’s SaaS policy, billing, rating and insights solutions for commercial fire coverage, HDFC ERGO co-developed the health insurance line for distribution across agency, broker, bancassurance, direct and digital channels.

The design and implementation of the new line, to India’s specific market requirements, only took eight months thanks to the unique capabilities of Duck Creek’s solutions, including Product Factory architecture, low-/no-code configuration and open application programming interfaces (APIs).

-- BERNAMA