KUALA LUMPUR, July 23 (Bernama) -- Virgin Hyperloop One recently announced a development partnership with Saudi Arabia’s Economic City Authority (ECA) to conduct a study to build the world’s longest test and certification hyperloop track.
The world’s only hyperloop company to successfully test its hyperloop technology at scale will also build a research and development centre, as well as hyperloop manufacturing facility in north Jeddah. The study will focus on the King Abdullah Economic City (KAEC), located 100km north of the Red Sea port of Jeddah. The project will include a 35km test and certification track and create opportunities for the development of specific hyperloop technologies and develop local expertise in Saudi Arabia. The study will also facilitate the development of localised hyperloop supply chains and acceleration of innovation clusters across the Kingdom. Secretary-General, Mohanud A. Helal said: “Having hyperloop at KAEC is going to act as catalyst for a Saudi Silicon Valley effect and galvanise our software development, high technology research and manufacturing industries.” Virgin Hyperloop One chief executive officer, Jay Walder said a hyperloop system could enable Saudi Arabia to become a global transportation powerhouse, nurture the nation’s innovation and entrepreneurial culture, and grow an innovative knowledge workforce. The company’s technology features depressurised tubes that carry on-demand passenger or cargo ‘pods’ at speeds of up to 1,080km per hour. With speeds three times faster than high-speed rail and on-demand, direct to destination experience, hyperloop technology can reduce journey time across Saudi Arabia. -- BERNAMA
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KUALA LUMPUR, July 24 (Bernama) -- AmInvestment Bank Berhad (“AmInvestment Bank”) receives further recognition from The Asset as they won six awards at The Asset Triple A Islamic Finance Awards 2019. The awards were presented at the Four Seasons Hotel in Kuala Lumpur on Thursday, 4 July 2019.
The full list of awards won by AmInvestment Bank is as follows: 1. Best Islamic Loan Adviser 2. Best Structured Finance Sukuk MBSB Bank Berhad’s RM2.295 billion structured covered Sukuk facility Our roles: Joint Solicitation Agent, Joint Principal Adviser, Joint Lead Arranger and Joint Lead Manager 3. Best Government-Guaranteed Sukuk Pengurusan Air SPV Bhd’s RM2.1 million Government-Guaranteed Sukuk issuance Our role: Joint Lead Manager 4. Best Corporate Hybrid Sukuk Yinson TMC Sdn Bhd’s RM950 million perpetual sukuk issuance Our roles: Joint Principal Adviser, Joint Lead Arranger, Joint Lead Manager and Joint Shariah Adviser. 5. Best Local Currency Sukuk Cagamas Berhad’s RM1.5 billion Sukuk issuance Our role: Joint Lead Manager 6. Best Islamic Project Finance Deal DanaInfra Nasional Berhad’s RM2.5 billion Government-Guaranteed Sukuk issuance Our role: Joint Lead Manager Commenting on the awards, Seohan Soo, Chief Executive Officer, AmInvestment Bank said,”We thank our clients for their continued trust in AmInvestment Bank and we share these awards with them. These awards will spur us on to continue delivering customised and innovative investment banking solutions for our clients.” “We’re delighted to be recognised once again by The Asset with six accolades that celebrate our position as a leading investment organization and underline our investment expertise. These achievements demonstrate our continuous commitment to provide the best investment solutions to our corporate, sovereign and institutional clients,” said Dato’ Sulaiman Mohd Tahir, Group Chief Executive Officer, AmBank Group. About AmBank Group AMMB Holdings Berhad is the holding company of AmBank Group and has been listed on the Main Market of Bursa Malaysia since 1988. It is the sixth-largest banking group by assets in Malaysia, with a market capitalisation of around RM13.7 billion and assets of RM158.8 billion as at 31 March 2019. AmBank Group is one of Malaysia’s premier financial solutions groups with over 43 years of experience in supporting Malaysians in their economic development. AmBank Group offers a wide range of both conventional and Islamic financial solutions and services, including wholesale banking, retail banking, investment banking, underwriting of general insurance, life assurance and takaful, stock and share broking, futures broking, investment advisory and management services in assets, real estate investment trust and unit trusts. The Australia and New Zealand Banking Group (ANZ) is the biggest shareholder in the AmBank Group with a 23.8% holding and provides support with Board, risk and financial governance, product offerings and new business developments. In the general insurance business, the Group has partnered with Insurance Australia Group Ltd (IAG). In the life assurance and family takaful businesses, the Group has a partnership with MetLife International Holdings Inc (MetLife). The Group benefits in terms of expertise transfer from IAG and MetLife. For more information, please visit www.ambankgroup.com KUALA LUMPUR, July 24 (Bernama) -- TherapyLine enters the United States (US) market today to help bring online professional therapy to over 3.4 million Muslims in the country. Launched in Canada a few months ago, TherapyLine is an online platform that provides unlimited anonymous direct messaging therapy from professionally licensed Muslim counsellors. With US$179 (RM737.28) monthly fee, users can choose a therapist for depression, anxiety, addiction, marriage counselling and others by text. (US$1=RM4.12) The first state which TherapyLine will enter is Michigan, and there are plans to expand it to New York, Illinois and Minnesota. More details at www.therapyline.org. -- BERNAMA KUALA LUMPUR, July 22 (Bernama) -- The Hong Kong Tourism Board (HKTB) will organise the third edition of e-Sports & Music Festival Hong Kong, presented by Cyberport from July 26 to 28, at the Hong Kong Convention and Exhibition Centre.
The event includes international tournaments, 2019 League of Legends International College Cup and CS:GO World Invitational, as well as regional and local tournaments of popular mobile games, EMFHK - e-Sports Tournaments ‘Honor of Kings’ Official City Tournament and PUBG Mobile Hong Kong Tournament. The tournaments will be live-streamed via key online platforms in three languages, namely Cantonese, Mandarin and English, according to a statement. The festival will also highlight the Experience Zone, showcasing retro arcade machines, along with VR experiences and professional e-racing equipment for trial. The all-inclusive admission tickets are priced at HK$50. Ticket holders of the e-Sports & Music Festival Hong Kong will also be entitled to free admission to the Ani-Com & Games Hong Kong on the same day. (HK$10 = RM5.27) For more information, contact https://emfhk.com. -- BERNAMA KUALA LUMPUR, July 24 (Bernama) -- Inspired by the Nelson Mandela International Day (Mandela Day) which is observed on July 18, UEM Sunrise Berhad (UEM Sunrise) staff volunteered to sort out thousands of books donated by the public after the launch of its BukuDrive.
BukuDrive is UEM Sunrise’s initiative for its community library programme, BukuHub, according to a statement. “On this day of reflection on Dr Mandela’s life and work, we embrace the true spirit of his legacy and aspire to emulate his example,” said UEM Sunrise chief marketing officer, Kenny Wong. “We do this by taking action and volunteering our time, hoping to raise awareness and support for his values of helping people in need and in doing so, share the power of knowledge through donated books.” Mandela Day was initiated by the United Nations in 2009 after Dr Mandela’s global call to action that celebrates the idea that everyone has the power to transform the world, and the ability to make an impact in every community. BukuHub represents UEM Sunrise’s small but powerful strides towards Mandela Day’s focus area and goal of Education and Literacy. This is very much in line with its CSR strategy of Education Enhancement and Community Engagement. UEM Sunrise’s BukuDrive initiative in Publika mall will continue until Dec 31. For more information, contact https://uemsunrise.com. -- BERNAMA |
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