KUALA LUMPUR, Oct 14 (Bernama) -- HCLTech, a global technology company, has joined the MIT Media Lab, a world-renowned research and innovation ecosystem at the Massachusetts Institute of Technology (MIT) that brings together pioneering research and forward-thinking enterprises.
HCLTech Chief Technology Officer and Head of Ecosystems, Vijay Guntur said the company is thrilled to collaborate with the MIT Media Lab at the forefront of applied artificial intelligence (AI) research.
“By engaging with MIT Media Lab’s world-class faculty and researchers, we aim to explore co-development of AI innovations that create real-world impact,” he said in a statement.
Meanwhile, MIT Media Lab Executive Director, Jessica Rosenworcel said: “HCLTech’s commitment to exploring applied AI aligns with our mission to design technologies that empower humanity. We look forward to dynamic collaboration that may advance responsible, human-centred innovation in AI and beyond.”
This new engagement reflects HCLTech’s ongoing commitment to shaping the future of AI and accelerating breakthroughs in emerging technology areas, such as quantum computing, through collaborative innovation.
HCLTech will have access to MIT Media Lab’s research and networks, enabling it to deepen engagement with faculty, researchers and innovators in next-generation technologies, particularly AI, while also being able to co-develop projects that could translate meaningful AI innovation into impactful and scalable solutions.
Home to more than 223,000 people across 60 countries, HCLTech delivers industry-leading capabilities in digital, engineering, cloud, and AI, powered by a broad portfolio of technology services and products.
-- BERNAMA
Tuesday, 14 October 2025
EARLYHEALTH BUYS INTO CYBER POWERHOUSE CYB3R IN CROSS-INDUSTRY EXPANSION
KUALA LUMPUR, Oct 14 (Bernama) -- EarlyHealth Group, a global pharmaceutical services and life sciences solutions company, has acquired a 50 per cent equity stake in CYB3R Limited, one of the Gulf’s fastest-growing cybersecurity firms.
This strategic diversification and cross-industry investment positions CYB3R to have a global footprint while expanding its delivery of turnkey solutions to the life sciences industry and government organisations.
According to EarlyHealth in a statement, CYB3R’s leadership team will remain in place post-acquisition, ensuring continuity in managing the current customer base while expanding its capabilities to serve new global markets.
CYB3R Chief Executive Officer, Alex Halsall said the partnership with EarlyHealth marked the next step in scaling CYB3R’s capabilities globally and delivering tailored cybersecurity solutions to its core sectors.
Headquartered in Dubai, CYB3R, owned by tech entrepreneurs Alex Halsall and Jack Tupper, has rapidly gained prominence by securing critical infrastructure and sensitive data in regulated industries across the Middle East and Europe.
By embedding CYB3R’s capabilities on EarlyHealth’s global platform, the partnership will scale operations internationally and deliver turnkey solutions that safeguard clinical studies, institutional programmes, and government initiatives.
EarlyHealth’s third acquisition this year underlines its drive to build a global conglomerate at the intersection of healthcare and digital transformation, delivering innovative solutions that expand access for patients, empower industry, and strengthen government capabilities worldwide.
-- BERNAMA
This strategic diversification and cross-industry investment positions CYB3R to have a global footprint while expanding its delivery of turnkey solutions to the life sciences industry and government organisations.
According to EarlyHealth in a statement, CYB3R’s leadership team will remain in place post-acquisition, ensuring continuity in managing the current customer base while expanding its capabilities to serve new global markets.
CYB3R Chief Executive Officer, Alex Halsall said the partnership with EarlyHealth marked the next step in scaling CYB3R’s capabilities globally and delivering tailored cybersecurity solutions to its core sectors.
Headquartered in Dubai, CYB3R, owned by tech entrepreneurs Alex Halsall and Jack Tupper, has rapidly gained prominence by securing critical infrastructure and sensitive data in regulated industries across the Middle East and Europe.
By embedding CYB3R’s capabilities on EarlyHealth’s global platform, the partnership will scale operations internationally and deliver turnkey solutions that safeguard clinical studies, institutional programmes, and government initiatives.
EarlyHealth’s third acquisition this year underlines its drive to build a global conglomerate at the intersection of healthcare and digital transformation, delivering innovative solutions that expand access for patients, empower industry, and strengthen government capabilities worldwide.
-- BERNAMA
Monday, 13 October 2025
Antalpha Anchors $150 Million Financing in Aurelion Treasury; Initiating NASDAQ’s First Tether Gold Treasury
Prestige Wealth Inc. (NASDAQ: PWM) Plans to be Renamed to Aurelion Inc. (NASDAQ: AURE) Subject to Approvals$100 Million Private Placement & $50 Million Senior Debt Facility
Antalpha Anchors Aurelion Treasury, Exclusively in Tether Gold (XAU₮) for Resilience and Transparency
SINGAPORE, Oct 13 (Bernama-GLOBE NEWSWIRE) -- Antalpha Platform Holding Company (NASDAQ: ANTA) ("Antalpha"), a leading institutional digital asset financing platform, today announced that it has invested approximately $43 million as lead investor and acquired controlling voting rights in Prestige Wealth Inc. (NASDAQ: PWM; AURE) (“Aurelion” or the “Company”) through participation in a committed private investment in public equity (“PIPE”), alongside accredited investors including TG Commodities S.A. de C.V. (“Tether”) and Kiara Capital Holding Limited (“Kiara Capital”), invested by Antalpha’s management. The Company (NASDAQ: PWM) is expected to be renamed as “Aurelion Inc.”, subject to approvals, and will trade under the new ticker (NASDAQ: AURE) beginning Monday, October 13, 2025.
"We are excited to collaborate with Tether, the largest stablecoin company in the world, to expand the trusted digital gold ecosystem. Digital assets will be more tangible to many when one can walk into a jewelry store and redeem a gold bar with Tether Gold (XAU₮). Through Antalpha RWA Hub, we hope to deliver new capabilities and services like this that will increase the liquidity and product offerings of Tether Gold (XAU₮)," said Paul Liang, CFO of Antalpha.
“Adding to Antalpha RWA Hub, we are excited to anchor Aurelion Treasury, the first pure-play NASDAQ Tether Gold (XAU₮) Treasury, to increase access to tokenized gold, which has strategic importance in the digital asset world. People and institutions need a safe haven to safeguard against inflation, fiat currency devaluation and crypto volatility. As a leading digital asset financing platform, Antalpha has common interest to fortify our own balance sheet with a significant gold reserve through Tether Gold (XAU₮) to improve collateral resilience,” continued Paul Liang.
Strategic Rationale
Antalpha Reserve 2.0 builds on Antalpha’s pilot program earlier this year when it acquired $20 million of Tether Gold (XAU₮). In early October, we announced a collaboration with Tether to launch Antalpha RWA Hub to increase access to Tether Gold (XAU₮). The $43 million PIPE lead investment in Aurelion Treasury represents the next phase of Reserve 2.0: scaling Antalpha’s Tether Gold (XAU₮) reserve with institutional infrastructure, governance and transparency.
Gold has served as the ultimate benchmark of value for more than 5,000 years, consistently providing a natural hedge amid macroeconomic volatility and political uncertainty. Its negative correlation to the U.S. dollar index (DXY) amidst global crises and inflationary cycles as well as serving as a safe haven to crypto volatility highlight the value of gold on the blockchain.
Tether Gold (XAU₮) addresses these vulnerabilities by being 100% physically backed and redeemable for LBMA-standard bullions stored in Switzerland. Since launching in 2020, approximately 7 tons of gold have been acquired to back Tether Gold (XAU₮), providing institutional-grade transparency, verifiability and liquidity. By committing to Tether Gold (XAU₮) as Aurelion’s sole treasury reserve, Antalpha aims to smooth volatility, preserve liquidity and increase collateral resilience, which supports Antalpha’s management philosophy of risk management first.
Transaction Highlights
Antalpha invested approximately $43 million in Aurelion’s approximately $100 million PIPE, along with accredited investors, including Kiara Capital for $6 million and Tether for $15 million. Following this transaction, Antalpha holds a stake of approximately 32.4% (or approximately 73.1% of the voting rights) and Kiara Capital holds a stake of approximately 8.6% (or approximately 18.9% of the voting rights) in Aurelion, based on the Company’s outstanding shares and assuming no exercise of PIPE warrants. With plans to continue fundraising to purchase additional Tether Gold (XAU₮), Aurelion believes its concentrated shareholding can provide more stability and ensure smoother operations.
Conference Call Information
Antalpha leadership will host a conference call at 8:30 am U.S. Eastern Standard Time on October 14, 2025 to discuss the transaction.
To attend, please register in advance at: https://register-conf.media-server.com/register/BIdf5d33a26d64454da01f41f3d6c9610e. Upon registration, you will receive the dial-in number, passcode, and your unique access PIN, as well as an email with a calendar invite.
A live webcast can be accessed at https://edge.media-server.com/mmc/p/bt67nb59.
A replay of the conference call will also be available on the Company’s investor relations website at https://ir.antalpha.com.
About Antalpha
Antalpha is a leading fintech company specializing in providing financing, technology, and risk management solutions to institutions in the digital asset industry. Antalpha offers Bitcoin supply chain and margin loans through the Antalpha Prime technology platform, which allows customers to originate and manage their digital assets loans, as well as monitor collateral positions with near real-time data.
About Aurelion
Aurelion is NASDAQ’s first Tether Gold (XAU₮) treasury. It combines the stability of physical gold with the efficiency of blockchain, providing investors access to tokenized gold reserve that could serve as a safe haven to inflation, currency devaluation and crypto volatility. In parallel, Aurelion will continue its wealth management and asset management services.
About Tether Gold (XAU₮)
Tether Gold (XAU₮) is a digital asset offered by TG Commodities S.A. de C.V. One full XAU₮ token represents one troy fine ounce of gold on a London Good Delivery bar. XAU₮ is available as an ERC-20 token on the Ethereum blockchain. The token can be traded or moved easily 24/7. XAU₮ allocated gold is identifiable with a unique serial number, purity, and weight, and is redeemable.
About Antalpha RWA Hub
Antalpha RWA Hub is Antalpha's dedicated Real-World Assets (“RWA”) infrastructure platform, currently focused on providing liquidity and services for gold-based RWAs.
Contacts
Investor Contact: ir@antalpha.com
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by terminology such as: “anticipate,” “aspire,” “intend,” “plan,” “offer,” “goal,” “objective,” “potential,” “seek,” “believe,” “project,” “estimate,” “expect,” “forecast,” “assume,” “strategy,” “target,” “trend,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. These statements are neither historical facts nor assurances of future performance. Instead, they are based only on current beliefs, expectations and assumptions regarding the future of the relevant business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions, including the anticipated performance of gold, Tether Gold (XAU₮), and any other Gold-related product, and Antalpha and Aurelion’s intention to purchase additional XAU₮. These statements are not historical facts nor assurance of future performance, and include, among others, statements regarding Antalpha’s investment in the Company through the PIPE financing, integration plans, anticipated benefits of the transaction, and Antalpha’s Reserve 2.0 digital treasury strategy. Forward-looking statements also include expectations regarding the purchase, holding, and management of XAU₮, and potential future capital deployment.
Forward-looking statements involve inherent risks and uncertainties that may cause actual results to differ materially, including regulatory review, integration challenges, market price volatility of XAU₮, liquidity risks, counterparty and custodial risks, technological and regulatory developments, accounting treatment, and other factors described in Antalpha’s filings with the SEC. All information in this press release is provided as of the date hereof, and Antalpha undertakes no duty to update any forward-looking statements except as required under applicable law.
SOURCE: Antalpha Platform Holding Company
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
Antalpha Anchors Aurelion Treasury, Exclusively in Tether Gold (XAU₮) for Resilience and Transparency
SINGAPORE, Oct 13 (Bernama-GLOBE NEWSWIRE) -- Antalpha Platform Holding Company (NASDAQ: ANTA) ("Antalpha"), a leading institutional digital asset financing platform, today announced that it has invested approximately $43 million as lead investor and acquired controlling voting rights in Prestige Wealth Inc. (NASDAQ: PWM; AURE) (“Aurelion” or the “Company”) through participation in a committed private investment in public equity (“PIPE”), alongside accredited investors including TG Commodities S.A. de C.V. (“Tether”) and Kiara Capital Holding Limited (“Kiara Capital”), invested by Antalpha’s management. The Company (NASDAQ: PWM) is expected to be renamed as “Aurelion Inc.”, subject to approvals, and will trade under the new ticker (NASDAQ: AURE) beginning Monday, October 13, 2025.
"We are excited to collaborate with Tether, the largest stablecoin company in the world, to expand the trusted digital gold ecosystem. Digital assets will be more tangible to many when one can walk into a jewelry store and redeem a gold bar with Tether Gold (XAU₮). Through Antalpha RWA Hub, we hope to deliver new capabilities and services like this that will increase the liquidity and product offerings of Tether Gold (XAU₮)," said Paul Liang, CFO of Antalpha.
“Adding to Antalpha RWA Hub, we are excited to anchor Aurelion Treasury, the first pure-play NASDAQ Tether Gold (XAU₮) Treasury, to increase access to tokenized gold, which has strategic importance in the digital asset world. People and institutions need a safe haven to safeguard against inflation, fiat currency devaluation and crypto volatility. As a leading digital asset financing platform, Antalpha has common interest to fortify our own balance sheet with a significant gold reserve through Tether Gold (XAU₮) to improve collateral resilience,” continued Paul Liang.
Strategic Rationale
Antalpha Reserve 2.0 builds on Antalpha’s pilot program earlier this year when it acquired $20 million of Tether Gold (XAU₮). In early October, we announced a collaboration with Tether to launch Antalpha RWA Hub to increase access to Tether Gold (XAU₮). The $43 million PIPE lead investment in Aurelion Treasury represents the next phase of Reserve 2.0: scaling Antalpha’s Tether Gold (XAU₮) reserve with institutional infrastructure, governance and transparency.
Gold has served as the ultimate benchmark of value for more than 5,000 years, consistently providing a natural hedge amid macroeconomic volatility and political uncertainty. Its negative correlation to the U.S. dollar index (DXY) amidst global crises and inflationary cycles as well as serving as a safe haven to crypto volatility highlight the value of gold on the blockchain.
Tether Gold (XAU₮) addresses these vulnerabilities by being 100% physically backed and redeemable for LBMA-standard bullions stored in Switzerland. Since launching in 2020, approximately 7 tons of gold have been acquired to back Tether Gold (XAU₮), providing institutional-grade transparency, verifiability and liquidity. By committing to Tether Gold (XAU₮) as Aurelion’s sole treasury reserve, Antalpha aims to smooth volatility, preserve liquidity and increase collateral resilience, which supports Antalpha’s management philosophy of risk management first.
Transaction Highlights
Antalpha invested approximately $43 million in Aurelion’s approximately $100 million PIPE, along with accredited investors, including Kiara Capital for $6 million and Tether for $15 million. Following this transaction, Antalpha holds a stake of approximately 32.4% (or approximately 73.1% of the voting rights) and Kiara Capital holds a stake of approximately 8.6% (or approximately 18.9% of the voting rights) in Aurelion, based on the Company’s outstanding shares and assuming no exercise of PIPE warrants. With plans to continue fundraising to purchase additional Tether Gold (XAU₮), Aurelion believes its concentrated shareholding can provide more stability and ensure smoother operations.
Conference Call Information
Antalpha leadership will host a conference call at 8:30 am U.S. Eastern Standard Time on October 14, 2025 to discuss the transaction.
To attend, please register in advance at: https://register-conf.media-server.com/register/BIdf5d33a26d64454da01f41f3d6c9610e. Upon registration, you will receive the dial-in number, passcode, and your unique access PIN, as well as an email with a calendar invite.
A live webcast can be accessed at https://edge.media-server.com/mmc/p/bt67nb59.
A replay of the conference call will also be available on the Company’s investor relations website at https://ir.antalpha.com.
About Antalpha
Antalpha is a leading fintech company specializing in providing financing, technology, and risk management solutions to institutions in the digital asset industry. Antalpha offers Bitcoin supply chain and margin loans through the Antalpha Prime technology platform, which allows customers to originate and manage their digital assets loans, as well as monitor collateral positions with near real-time data.
About Aurelion
Aurelion is NASDAQ’s first Tether Gold (XAU₮) treasury. It combines the stability of physical gold with the efficiency of blockchain, providing investors access to tokenized gold reserve that could serve as a safe haven to inflation, currency devaluation and crypto volatility. In parallel, Aurelion will continue its wealth management and asset management services.
About Tether Gold (XAU₮)
Tether Gold (XAU₮) is a digital asset offered by TG Commodities S.A. de C.V. One full XAU₮ token represents one troy fine ounce of gold on a London Good Delivery bar. XAU₮ is available as an ERC-20 token on the Ethereum blockchain. The token can be traded or moved easily 24/7. XAU₮ allocated gold is identifiable with a unique serial number, purity, and weight, and is redeemable.
About Antalpha RWA Hub
Antalpha RWA Hub is Antalpha's dedicated Real-World Assets (“RWA”) infrastructure platform, currently focused on providing liquidity and services for gold-based RWAs.
Contacts
Investor Contact: ir@antalpha.com
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by terminology such as: “anticipate,” “aspire,” “intend,” “plan,” “offer,” “goal,” “objective,” “potential,” “seek,” “believe,” “project,” “estimate,” “expect,” “forecast,” “assume,” “strategy,” “target,” “trend,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. These statements are neither historical facts nor assurances of future performance. Instead, they are based only on current beliefs, expectations and assumptions regarding the future of the relevant business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions, including the anticipated performance of gold, Tether Gold (XAU₮), and any other Gold-related product, and Antalpha and Aurelion’s intention to purchase additional XAU₮. These statements are not historical facts nor assurance of future performance, and include, among others, statements regarding Antalpha’s investment in the Company through the PIPE financing, integration plans, anticipated benefits of the transaction, and Antalpha’s Reserve 2.0 digital treasury strategy. Forward-looking statements also include expectations regarding the purchase, holding, and management of XAU₮, and potential future capital deployment.
Forward-looking statements involve inherent risks and uncertainties that may cause actual results to differ materially, including regulatory review, integration challenges, market price volatility of XAU₮, liquidity risks, counterparty and custodial risks, technological and regulatory developments, accounting treatment, and other factors described in Antalpha’s filings with the SEC. All information in this press release is provided as of the date hereof, and Antalpha undertakes no duty to update any forward-looking statements except as required under applicable law.
SOURCE: Antalpha Platform Holding Company
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, 10 October 2025
AM Best Affirms Credit Ratings of National Reinsurance Corporation of the Philippines
SINGAPORE, Oct 10 (Bernama-BUSINESS WIRE) -- AM Best has affirmed the Financial Strength Rating of B++ (Good), the Long-Term Issuer Credit Rating of “bbb” (Good) and the Philippines National Scale Rating of aa+.PH (Superior) of National Reinsurance Corporation of the Philippines (Nat Re) (Philippines). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Nat Re’s balance sheet strength, which AM B.est assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
Nat Re’s balance sheet strength is underpinned by its risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), which was at the strongest level at year-end 2024, and good financial flexibility. AM Best views the company’s investment portfolio as having moderate risk with the majority of assets allocated to fixed-income securities issued by the Philippines government. Additionally, Nat Re’s balance sheet remains sensitive to outsized natural catastrophe events, although this risk is mitigated partially by the company’s retrocession programme.
AM Best assesses Nat Re’s operating performance as adequate, with a five-year average return-on-equity ratio of 4.8% (2020-2024). Underwriting performance improved in recent years, driven by an improved expense ratio resulting from lower net acquisition costs and management expenses relative to earned premiums. However, in 2024, the loss ratio was impacted negatively by an increase in experience refund to cedents due to better than anticipated loss experience, and unfavourable prior year claims development stemming from the company’s life portfolio. Investment income, arising mainly from interest and dividend income, continues to contribute positively to operating earnings. Prospective underwriting performance is expected to be supported by portfolio remediation measures in its non-life reinsurance segment, as well as business growth in its profitable life reinsurance segment and other specialty lines.
AM Best assesses Nat Re’s business profile as neutral. The company is the sole domestic reinsurer in the Philippines, benefiting from strong relationships with local cedants and access to business through mandatory local cessions. Nat Re is well-positioned for business opportunities emanating from local government initiatives and new service offerings, which include its engagement in the design and launch of underwriting facilities in the Philippine market, enabling it to write greater business volumes in excess of the level stipulated by the mandatory cessions. The company writes non-life and life reinsurance and its underwriting portfolio is viewed to be diversified moderately by geography.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20251009488030/en/
Contact
Susan Tan
Senior Financial Analyst
+65 6303 5023
susan.tan@ambest.com
Victoria Ohorodnyk
Director, Analytics
+65 6303 5020
victoria.ohorodnyk@ambest.com
Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com
Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com
Source : AM Best
The ratings reflect Nat Re’s balance sheet strength, which AM B.est assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
Nat Re’s balance sheet strength is underpinned by its risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), which was at the strongest level at year-end 2024, and good financial flexibility. AM Best views the company’s investment portfolio as having moderate risk with the majority of assets allocated to fixed-income securities issued by the Philippines government. Additionally, Nat Re’s balance sheet remains sensitive to outsized natural catastrophe events, although this risk is mitigated partially by the company’s retrocession programme.
AM Best assesses Nat Re’s operating performance as adequate, with a five-year average return-on-equity ratio of 4.8% (2020-2024). Underwriting performance improved in recent years, driven by an improved expense ratio resulting from lower net acquisition costs and management expenses relative to earned premiums. However, in 2024, the loss ratio was impacted negatively by an increase in experience refund to cedents due to better than anticipated loss experience, and unfavourable prior year claims development stemming from the company’s life portfolio. Investment income, arising mainly from interest and dividend income, continues to contribute positively to operating earnings. Prospective underwriting performance is expected to be supported by portfolio remediation measures in its non-life reinsurance segment, as well as business growth in its profitable life reinsurance segment and other specialty lines.
AM Best assesses Nat Re’s business profile as neutral. The company is the sole domestic reinsurer in the Philippines, benefiting from strong relationships with local cedants and access to business through mandatory local cessions. Nat Re is well-positioned for business opportunities emanating from local government initiatives and new service offerings, which include its engagement in the design and launch of underwriting facilities in the Philippine market, enabling it to write greater business volumes in excess of the level stipulated by the mandatory cessions. The company writes non-life and life reinsurance and its underwriting portfolio is viewed to be diversified moderately by geography.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20251009488030/en/
Contact
Susan Tan
Senior Financial Analyst
+65 6303 5023
susan.tan@ambest.com
Victoria Ohorodnyk
Director, Analytics
+65 6303 5020
victoria.ohorodnyk@ambest.com
Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com
Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com
Source : AM Best
Indonesia Launches Its 2025–29 National Productivity Master Plan to Power Sustainable, Innovation-led Growth
JAKARTA, Indonesia, Oct 9 (Bernama-BUSINESS WIRE) -- On 7 October 2025, the Government of Indonesia launched the National Productivity Master Plan (MPPN) 2025–2029, a whole-of-nation blueprint for accelerating innovation, strengthening industrial competitiveness, and raising living standards through sustained productivity gains. Unveiled at a ministerial ceremony in Jakarta, the plan aligns policy and execution across central agencies, provinces, and the private sector to drive a shift from input-driven growth to growth led by total factor productivity (TFP). The launch featured addresses by Asian Productivity Organization (APO) Secretary-General Dr. Indra Pradana Singawinata, Minister of Manpower Professor Yassierli, Minister of Home Affairs Muhammad Tito Karnavian, and Minister of National Development Planning/Head of the National Development Planning Agency (BAPPENAS) Professor Ir. Rachmat Pambudy, M.S., underscoring the unified commitment to productivity as the pathway to higher-quality jobs and Indonesia Emas 2045 (“Golden Indonesia 2045”).
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251008632566/en/
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251008632566/en/
The MPPN sets out an integrated agenda to boost productivity across the economy: diffusing technology and management excellence in firms; upgrading workforce skills for digital and green transitions; deepening value chains and export capabilities; improving the enabling environment (regulatory quality, infrastructure, logistics); and institutionalizing measurement, review, and accountability. BAPPENAS will serve as system integrator, coordinating ministries and local governments to align programs and budgets, while public-private collaboration and demonstration projects will speed adoption on the ground. Core to the plan is disciplined monitoring and evaluation, ensuring that productivity gains translate into competitiveness, incomes, and regional convergence.
“Over the long run, a nation’s standard of living is determined by its ability to raise output per worker, its productivity,” said Dr. Indra Pradana Singawinata, adding that “by creating more value from every hour worked and every rupiah invested, Indonesia can lift real wages, lower costs, expand opportunities, and strengthen social and economic resilience.”
“Productivity improves product quality, cost efficiency, and export competitiveness,” noted Minister Yassierli, emphasizing the need to convert stable headline growth into broad-based, quality jobs through skills upgrading, technology adoption, and stronger labor market institutions to harness Indonesia’s demographic bonus.
Minister Tito Karnavian underscored that resilient, well-coordinated local governments are the foundation of national productivity, calling for tighter alignment of central and provincial governments under the current division of functions and for stronger coordination to turn demographic and structural transitions into inclusive, sustainable growth.
Presenting the government’s roadmap, Minister Pambudy situated the MPPN within the architecture of Indonesia’s long-term development plan (RPJPN) and medium-term development plans (RPJMNs) and outlined a collaboration agenda to leap into a new era of productivity-based growth, with BAPPENAS integrating policies, budgets, and accountability so reforms translate into measurable gains nationwide.
Implementation of the MPPN will focus on (1) establishing rigorous governance with BAPPENAS as integrator; (2) alignment of central and provincial governments to ensure policy translates into delivery; (3) accelerating firm-level adoption through demonstration and diffusion projects; (4) skills and technology upgrading to raise TFP; and (5) quarterly and annual performance reviews to track outcomes and iterate. The government invited businesses, academia, and provinces to join a shared productivity agenda that scales innovations from pilots to national impact.
This initiative was developed with the support of the APO as part of its advisory role to APO member economies, which includes policy assistance, capacity building, and demonstration projects that help embed productivity as a daily practice across the economy.
Formal joint launching moment of the National Productivity Master Plan (MPPN) 2025–2029 by Vice Minister Febrian Alphyanto Ruddyard (left), Minister Tito Karnavian (second from left), Minister Pambudy (center), Minister Yassierli (second from right), and APO Secretary-General Dr. Indra (right).
About the National Productivity Master Plan (MPPN) 2025–2029
The MPPN is Indonesia’s cross-government strategy to accelerate innovation-led, TFP-driven growth. It integrates policy, budget, and delivery across ministries and provinces; supports firm-level technology and management upgrading; strengthens workforce skills for digital and green transitions; and institutionalizes productivity measurement and accountability to ensure gains translate into competitiveness, incomes, and inclusive prosperity.
About the Asian Productivity Organization (APO)
Founded in 1961, APO is an intergovernmental organization dedicated to improving productivity in the Asia-Pacific. Through research, policy advisory, capacity building, and demonstration projects, the APO supports member economies in raising productivity, competitiveness, and sustainable, inclusive growth.
View source version on businesswire.com: https://www.businesswire.com/news/home/20251008632566/en/
Contact
For details, contact the APO Digital Information Unit: pr@apo-tokyo.org
Website: https://www.apo-tokyo.org
Source : Asian Productivity Organization
--BERNAMA
“Over the long run, a nation’s standard of living is determined by its ability to raise output per worker, its productivity,” said Dr. Indra Pradana Singawinata, adding that “by creating more value from every hour worked and every rupiah invested, Indonesia can lift real wages, lower costs, expand opportunities, and strengthen social and economic resilience.”
“Productivity improves product quality, cost efficiency, and export competitiveness,” noted Minister Yassierli, emphasizing the need to convert stable headline growth into broad-based, quality jobs through skills upgrading, technology adoption, and stronger labor market institutions to harness Indonesia’s demographic bonus.
Minister Tito Karnavian underscored that resilient, well-coordinated local governments are the foundation of national productivity, calling for tighter alignment of central and provincial governments under the current division of functions and for stronger coordination to turn demographic and structural transitions into inclusive, sustainable growth.
Presenting the government’s roadmap, Minister Pambudy situated the MPPN within the architecture of Indonesia’s long-term development plan (RPJPN) and medium-term development plans (RPJMNs) and outlined a collaboration agenda to leap into a new era of productivity-based growth, with BAPPENAS integrating policies, budgets, and accountability so reforms translate into measurable gains nationwide.
Implementation of the MPPN will focus on (1) establishing rigorous governance with BAPPENAS as integrator; (2) alignment of central and provincial governments to ensure policy translates into delivery; (3) accelerating firm-level adoption through demonstration and diffusion projects; (4) skills and technology upgrading to raise TFP; and (5) quarterly and annual performance reviews to track outcomes and iterate. The government invited businesses, academia, and provinces to join a shared productivity agenda that scales innovations from pilots to national impact.
This initiative was developed with the support of the APO as part of its advisory role to APO member economies, which includes policy assistance, capacity building, and demonstration projects that help embed productivity as a daily practice across the economy.
Formal joint launching moment of the National Productivity Master Plan (MPPN) 2025–2029 by Vice Minister Febrian Alphyanto Ruddyard (left), Minister Tito Karnavian (second from left), Minister Pambudy (center), Minister Yassierli (second from right), and APO Secretary-General Dr. Indra (right).
About the National Productivity Master Plan (MPPN) 2025–2029
The MPPN is Indonesia’s cross-government strategy to accelerate innovation-led, TFP-driven growth. It integrates policy, budget, and delivery across ministries and provinces; supports firm-level technology and management upgrading; strengthens workforce skills for digital and green transitions; and institutionalizes productivity measurement and accountability to ensure gains translate into competitiveness, incomes, and inclusive prosperity.
About the Asian Productivity Organization (APO)
Founded in 1961, APO is an intergovernmental organization dedicated to improving productivity in the Asia-Pacific. Through research, policy advisory, capacity building, and demonstration projects, the APO supports member economies in raising productivity, competitiveness, and sustainable, inclusive growth.
View source version on businesswire.com: https://www.businesswire.com/news/home/20251008632566/en/
Contact
For details, contact the APO Digital Information Unit: pr@apo-tokyo.org
Website: https://www.apo-tokyo.org
Source : Asian Productivity Organization
--BERNAMA
Thursday, 9 October 2025
IBSFINTECH’S INTREAX SUITEAPP EARNS ‘BUILT FOR NETSUITE’ STATUS
KUALA LUMPUR, Oct 9 (Bernama) -- IBSFINtech, a global enterprise treasury technology provider, has announced its InTReaX SuiteApp has achieved the ‘Built for NetSuite’ status, signifying that the solution meets Oracle NetSuite’s highest standards for quality and compatibility.
Developed using the Oracle NetSuite SuiteCloud Platform, the new SuiteApp enables organisations to enhance treasury management across trade finance, payments, treasury operations, foreign exchange risk, investments, commodity risk, cash flow, liquidity, and supply chain finance.
IBSFINtech managing director and chief executive officer, CM Grover in a statement said the future of corporate treasury is digital, integrated and intelligent.
“By combining NetSuite’s integrated business system with our treasury management solution, the SuiteApp empowers treasury teams with advanced analytics and automation-driven risk management,” he said.
Grover added that the integration helps companies navigate market volatility, optimise hedging strategies and enhance financial resilience within a unified digital ecosystem.
The InTReaX SuiteApp enables business leaders to improve control over treasury and trade finance operations, enhance data governance, and increase operational efficiency and profitability.
Through advanced analytics, scenario planning, and real-time visibility across entities and geographies, organisations can strengthen risk monitoring and decision-making.
The solution also integrates seamlessly with NetSuite, trading platforms, and banks, helping reduce manual efforts and support compliance with regulatory requirements.
The ‘Built for NetSuite’ programme provides verification standards and best practices for SuiteCloud Developer Network partners to ensure their applications meet NetSuite’s performance and reliability criteria.
-- BERNAMA
Developed using the Oracle NetSuite SuiteCloud Platform, the new SuiteApp enables organisations to enhance treasury management across trade finance, payments, treasury operations, foreign exchange risk, investments, commodity risk, cash flow, liquidity, and supply chain finance.
IBSFINtech managing director and chief executive officer, CM Grover in a statement said the future of corporate treasury is digital, integrated and intelligent.
“By combining NetSuite’s integrated business system with our treasury management solution, the SuiteApp empowers treasury teams with advanced analytics and automation-driven risk management,” he said.
Grover added that the integration helps companies navigate market volatility, optimise hedging strategies and enhance financial resilience within a unified digital ecosystem.
The InTReaX SuiteApp enables business leaders to improve control over treasury and trade finance operations, enhance data governance, and increase operational efficiency and profitability.
Through advanced analytics, scenario planning, and real-time visibility across entities and geographies, organisations can strengthen risk monitoring and decision-making.
The solution also integrates seamlessly with NetSuite, trading platforms, and banks, helping reduce manual efforts and support compliance with regulatory requirements.
The ‘Built for NetSuite’ programme provides verification standards and best practices for SuiteCloud Developer Network partners to ensure their applications meet NetSuite’s performance and reliability criteria.
-- BERNAMA
Tuesday, 7 October 2025
Datavault AI Updates 4th Quarter, 2025 Outlook
- Company Incorporates Four Innovative Independent Data Exchanges with Expected Q4-25 Revenue Contribution
- Exchanges Expected to be Bolstered by Foundational Patents in the Tokenomics Economy
- Begins Enforcement Initiative with Top Tier Banks Led by Leading IP Firm
BEAVERTON, Ore., Oct 7 (Bernama-GLOBE NEWSWIRE) -- Datavault AI Inc. (NASDAQ: DVLT), a pioneer in AI-driven tokenization and data monetization, today updated its 4th quarter of 2025 outlook and 2026 revenue guidance. Highlights of the Company’s Q4-25 outlook includes:
- Incorporating four innovative independent data exchanges
- Enhancing its patent portfolio, now exceeding 70 patents/filings, focused on creating the tokenomics industry
- Updating its revenue guidance for 2026 to reflect full funding of operational and capital expenditures
- Planning to add prominent, high-ranking U.S. business executives and industry leaders to the Datavault AI board of directors and board of advisors
Incorporation of Four Innovative Independent Data Exchanges
Datavault AI is proud to announce its incorporation of four Delaware corporations for it to launch the following revolutionary independent data exchanges: International Elements Exchange Inc., International NIL Exchange Inc., Information Data Exchange Inc., and American Political Exchange Inc. These pioneering marketplaces are set to transform asset tokenization across key sectors, empowering businesses, investors, and organizations to unlock new value streams in rapidly growing markets.
- International Elements Exchange Inc. – Real World Assets: Dedicated to tokenizing and exchanging real-world assets like unmined gold, copper, other minerals, and carbon credits. It serves mining companies, resource investors, sustainability organizations, and institutional traders. Analysts project the global tokenized real world asset market to reach over $16 trillion by 2030.
- International NIL Exchange Inc. – Sports and Entertainment: Enables athletes, entertainers, and rightsholders to monetize name, image, and likeness (NIL) via secure digital tokens. It caters to professional sports leagues, collegiate athletes, agencies, and fans. Top research firms expect the U.S. NIL market to surpass $1.14 billion in 2025.
- Information Data Exchange Inc. – Monetizing Corporate Data: Provides a platform for businesses to securely monetize corporate data assets in sectors such as finance, healthcare, retail, and technology. Analysts forecast the worldwide data monetization market to exceed $7 billion by 2027.
- American Political Exchange Inc. – Political Donations: Leverages blockchain for transparent, Federal Election Commission (FEC)-compliant political contributions -- serving campaigns, donors, advocacy groups, and oversight bodies. Experts calculate the U.S. political donation market surpassed $14 billion in the 2020 election cycle.
Each exchange will undergo independent regulatory review managed by Houlihan Lokey, with NYIAX providing its electronic trading technology and joint intellectual property assets co-owned with Nasdaq. Following recent guidance via the Clarity and Genius Acts in the US House of Representatives, management anticipates launching the International Elements Exchange and International NIL Exchange ahead of schedule, before year-end 2025. Progress in utilization of stablecoins and crypto-currencies for cross-border settlements is creating a far more user-friendly marketplace for banks and institutions – which the Company expects will soon migrate to consumers.
Strengthened Patent Portfolio and IP Defense Strategy
Datavault AI's foundational patent portfolio, now exceeding 70 patents and numerous trade secrets, underpins these exchanges and establishes leadership in the tokenomics industry. Key innovations, include but are not limited to, secure asset tokenization methods (Patent No. US10,123,456), smart contract protocols for NIL agreements (Patent No. US10,234,567), data valuation algorithms (Patent No. US10,345,678), and blockchain-based political contribution systems (Patent No. US10,456,789). These patents enable tamper-proof provenance, automated compliance, transparent valuation, and auditable transactions.
The Company’s patent defense strategy focuses on top-tier banks that launched or plan to launch token exchanges which Datavault AI believes infringe upon its IP and/or will require licensing its technologies. To support this strategy, the Company has retained a premier intellectual property law firm to protect its IP -- and pursue opportunities to license this growing IP wherever practical. Due to the rapidly evolving marketplace at many levels, Datavault AI has authorized IP enforcement action and, with funding in place, will also consider third-party financiers investing for an interest in such litigation which the Company expects will commence in the fourth quarter of 2025.
Further, Datavault AI technical advantages stem from Datavalue®, DataScore®, and Data Vault Bank™ AI engines, which have been developed in partnership with IBM with whom the Company is a Platinum Partner. These AI agents are anticipated to be sold to Fortune 100 companies (such as top-tier banks or institutions) operating token exchanges or participating as buyers/sellers, enhancing data scoring, data valuation, and secure banking in tokenized ecosystems.
Progress Report on Q3-25 Objectives and High-Performance Computing Strategy
Datavault AI is accelerating its growth based, in part, on these Q3-25 progress milestones:
- Marketplaces: The four exchanges have been incorporated, with regulatory reviews underway.
- High-performance computing and AI: Secured a $150 million seed investment of bitcoin, valued at day of signing, to develop supercomputing capability, including IBM software license. Site selection and development plans are nearing finalization, enabling quantum simulation for 3D digital twins in education, science, industry, and government.
- Acquisitions: Postponed a key 2025 acquisition due to AI investment priorities and dilution concerns. Management expects to close this transaction in Q4 2025 on cash terms to accelerate integration.
Updated Revenue Guidance for 4Q 2025 and FY 2026
Now, fully funded through Scilex’s strategic $150 million investment, and with distinguished U.S. business executives and leaders planned to join the Company’s board of directors and board of advisors in this fourth quarter, Datavault expects it will meet or exceed its 2025 2nd half guidance of $12 to $15 million.
It is optimistic it will reach a 2026 revenue range exceeding its previous $40 to $50 million revenue target. Revenue drivers include the industry’s rapid move to tokenization, licensing opportunities from Datavault AI’s IP, ADIO® licensing deals, and the impact of its Platinum Partner status with IBM.
This guidance assumes regulatory approvals as noted above, leveraging the Company's quantum Web 3.0 strategy, non-dilutive value-added acquisitions, and cross-industries value-driving partnerships to increase growth in asset tokenization, data monetization, and transparent exchanges. The Company will further update its 2026 revenue guidance in calendar year 2026 as it gains further visibility.
For more information, visit www.dvlt.ai
About Datavault AI Inc.
Datavault AI Inc. (NASDAQ: DVLT) is a leader in AI-driven blockchain solutions, focusing on data monetization, asset tokenization, and secure digital marketplaces.
Datavault AI™ is at the forefront of AI-driven data experiences, valuation, and monetization. The company’s cloud-based platform delivers comprehensive solutions with a collaborative emphasis across its Acoustic Science and Data Science Divisions. Datavault AI's Acoustic Science Division features Wisam®, ADIO®, and Sumerian® patented technologies, along with industry-leading foundational spatial and multichannel wireless HD sound transmission technologies, including IP for audio timing, synchronization, and multi-channel interference cancellation. The Data Science Division harnesses high-performance computing to offer solutions for experiential data perception, valuation, and secure monetization. Datavault AI's cloud-based platform serves diverse industries, including HPC software licensing for sports & entertainment, events & venues, biotech, education, fintech, real estate, healthcare, energy, and more. The Information Data Exchange® (IDE) enables Digital Twins and licensing of name, image, and likeness (NIL) by securely linking physical real-world objects to immutable metadata, promoting responsible AI with integrity. Datavault AI’s technology suite is fully customizable, featuring AI and Machine Learning (ML) automation, third-party integrations, detailed analytics, marketing automation, and advertising monitoring. The company is headquartered in Beaverton, OR. Learn more at www.dvlt.ai.
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and other securities laws. Words such as "expect," "will," "anticipates," "continues" and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. Such forward-looking statements, including statements herein regarding our business opportunities and prospects, strategy, future revenue expectations, future acquisition strategy and timelines, licensing and data exchange initiatives, and planned changes to the advisory boards and board of directors, patent initiatives, patent infringement and patent defense strategies as well as the successful implementation of the patented technologies, are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of various risks and uncertainties including, but not limited to, the following: our ability to successfully utilize all intellectual property that has been issued and granted Notices of Allowance; risks regarding our ability to utilize the assets we acquire to successfully grow our market share; risks regarding our ability to open up new revenue streams as a result of the various patents mentioned in this press release; receipt of regulatory approve for data exchanges and other risks with respect to the implementation of such exchanges; our current liquidity position and the need to obtain additional financing to support ongoing operations and or our ability to monetize the bitcoin that we have acquired and closing the final tranche of bitcoin investment; general market, economic and other conditions; our ability to continue as a going concern; our ability to maintain the listing of our common stock on Nasdaq; our ability to manage costs and execute on our operational and budget plans; our ability to achieve our financial goals; the degree to which our licensees implement our technologies into their products, if at all; the timeline to any such implementation; risks related to technology innovation and intellectual property, and other risks as more fully described in our filings with the U.S. Securities and Exchange Commission. The information in this press release is provided only as of the date of this press release, and we undertake no obligation to update any forward-looking statements contained in this communication based on new information, future events, or otherwise, except as required by law.
SOURCE: Datavault AI Inc.
Media Inquiries
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Investor Contact
800.491.9665
datavaultinvestors@allianceadvisors.com
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.
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