KUALA LUMPUR, March 25 (Bernama) -- Horizon Quantum Computing Pte Ltd (Horizon Quantum) has completed its business combination with dMY Squared Technology Group Inc (dMY), securing approximately US$120 million in gross proceeds and marking its public debut on the Nasdaq. (US$1=RM3.94)
In a statement, Horizon Quantum said the transaction, approved by dMY shareholders on March 17, will see the combined entity begin trading on March 20 under the ticker symbols “HQ” for shares and “HQWWW” for warrants.
Horizon Quantum develops software infrastructure designed to enable developers to leverage quantum computing for complex computational challenges. The proceeds from the transaction will be used to accelerate research and development, enhance its hardware testbed, and advance its integrated development environment, Triple Alpha.
“Recent rapid progress in quantum hardware and error correction signals an inflection point for the industry.
“With our Nasdaq listing, we are well-positioned to deliver the software infrastructure needed to power the next phase of computing and enable broad quantum advantage,” said Horizon Quantum Founder and Chief Executive Officer (CEO), Joe Fitzsimons.
Meanwhile, dMY Chairman and CEO, Harry You said Horizon Quantum’s hardware-agnostic approach positions it to benefit regardless of how quantum computing technologies evolve across competing modalities, including cloud-based systems.
Advisers to the transaction included Needham & Company LLC as exclusive financial adviser and placement agent, alongside legal counsel from Ellenoff Grossman & Schole LLP, Rajah & Tann Singapore LLP, and White & Case LLP, among others.
The listing underscores growing investor interest in quantum computing, as companies seek to commercialise software platforms capable of unlocking future computational capabilities.
-- BERNAMA
Wednesday, 25 March 2026
Tuesday, 24 March 2026
AM BEST AFFIRMS PVI INSURANCE’S TOP-TIER RATINGS
KUALA LUMPUR, March 24 (Bernama) -- AM Best has affirmed the financial strength rating of A- (Excellent), the long-term issuer credit rating of “a-” (Excellent), and the Vietnam National Scale Rating of aaa.VN (Exceptional) for PVI Insurance Corporation (PVI Insurance), with a stable outlook.
The credit ratings (ratings) reflect PVI Insurance’s very strong balance sheet, strong operating performance, neutral business profile, and appropriate enterprise risk management. The affirmation also factors in rating support from its ultimate parent, HDI Haftpflichtverband der Deutschen Industrie V.a.G. (HDI V.a.G.).
The global credit rating agency said in a statement that PVI Insurance’s balance sheet strength is supported by its risk-adjusted capitalisation, measured via Best’s Capital Adequacy Ratio, which is expected to remain at the strongest level over the medium term.
The company benefits from financial flexibility as a majority-owned subsidiary of HDI V.a.G. Its investment portfolio is considered moderate risk, primarily in cash and term deposits, supplemented by non-rated corporate bonds, affiliated private equity, and real estate.
Offsetting factors include a high dividend payout ratio and reliance on reinsurance for underwriting large commercial property, engineering, and energy risks.
Operating performance is strong, supported by a five-year average return on equity ratio of 16.7 per cent from fiscal year (FY) 2021 to FY 2025. FY 2025 earnings improved due to favourable loss experience and reserve development following Typhoon Yagi.
Profitable results in both commercial and retail lines, combined with stable investment income from interest and dividends, are expected to continue driving overall earnings.
PVI Insurance’s business profile is assessed as neutral. It remains Vietnam’s largest non-life insurer based on 2024 and nine months of 2025 direct premiums written. The company holds strong positions in commercial and industrial lines, including energy, property, engineering, aviation, and marine insurance.
Support from HDI V.a.G. has enhanced technical expertise and service offerings, strengthening PVI Insurance’s regional position in industrial risk coverage. Recent growth has been driven by expansion in inwards reinsurance, while prudent accumulation management continues to be monitored.
-- BERNAMA
The credit ratings (ratings) reflect PVI Insurance’s very strong balance sheet, strong operating performance, neutral business profile, and appropriate enterprise risk management. The affirmation also factors in rating support from its ultimate parent, HDI Haftpflichtverband der Deutschen Industrie V.a.G. (HDI V.a.G.).
The global credit rating agency said in a statement that PVI Insurance’s balance sheet strength is supported by its risk-adjusted capitalisation, measured via Best’s Capital Adequacy Ratio, which is expected to remain at the strongest level over the medium term.
The company benefits from financial flexibility as a majority-owned subsidiary of HDI V.a.G. Its investment portfolio is considered moderate risk, primarily in cash and term deposits, supplemented by non-rated corporate bonds, affiliated private equity, and real estate.
Offsetting factors include a high dividend payout ratio and reliance on reinsurance for underwriting large commercial property, engineering, and energy risks.
Operating performance is strong, supported by a five-year average return on equity ratio of 16.7 per cent from fiscal year (FY) 2021 to FY 2025. FY 2025 earnings improved due to favourable loss experience and reserve development following Typhoon Yagi.
Profitable results in both commercial and retail lines, combined with stable investment income from interest and dividends, are expected to continue driving overall earnings.
PVI Insurance’s business profile is assessed as neutral. It remains Vietnam’s largest non-life insurer based on 2024 and nine months of 2025 direct premiums written. The company holds strong positions in commercial and industrial lines, including energy, property, engineering, aviation, and marine insurance.
Support from HDI V.a.G. has enhanced technical expertise and service offerings, strengthening PVI Insurance’s regional position in industrial risk coverage. Recent growth has been driven by expansion in inwards reinsurance, while prudent accumulation management continues to be monitored.
-- BERNAMA
CHINA TAIPING INSURANCE (MACAU) AFFIRMED EXCELLENT RATINGS BY AM BEST
KUALA LUMPUR, March 24 (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 China Taiping Insurance (Macau) Company Limited (CTIM), with a stable outlook.
The credit ratings (ratings) reflect CTIM’s very strong balance sheet, strong operating performance, neutral business profile, and appropriate enterprise risk management, according to AM Best in a statement.
CTIM’s risk-adjusted capitalisation, measured by Best’s Capital Adequacy Ratio, remains at the strongest level. The insurer reported robust capital and surplus growth, reaching 1.053 billion Macanese pataca (US$132 million) in 2025 based on unaudited figures. (US$1=RM3.92)
Its conservative investment strategy—focused on cash and investment-grade bonds—alongside a comprehensive reinsurance programme with high-quality counterparties, continues to support its financial position, although moderate reliance on reinsurance partially offsets these strengths.
Operating performance has remained solid, with a five-year average return on equity of 17.8 per cent from 2021 to 2025. Underwriting results have outperformed industry averages, while stable investment income has supported earnings.
In 2025, the net combined ratio improved, driven primarily by lower loss ratios in motor and employees’ compensation segments.
Investment returns have remained consistent at mid-single-digit levels over the past two years and are expected to continue contributing stable income streams from interest, dividends, and rental sources.
CTIM retains a leading position in Macau’s non-life insurance market, holding an estimated 34 per cent share based on gross premiums written in 2025. Its diversified underwriting portfolio and distribution channels, including expanding digital platforms and cross-selling initiatives with affiliates of China Taiping Insurance Group Ltd, underpin its market strength.
-- BERNAMA
The credit ratings (ratings) reflect CTIM’s very strong balance sheet, strong operating performance, neutral business profile, and appropriate enterprise risk management, according to AM Best in a statement.
CTIM’s risk-adjusted capitalisation, measured by Best’s Capital Adequacy Ratio, remains at the strongest level. The insurer reported robust capital and surplus growth, reaching 1.053 billion Macanese pataca (US$132 million) in 2025 based on unaudited figures. (US$1=RM3.92)
Its conservative investment strategy—focused on cash and investment-grade bonds—alongside a comprehensive reinsurance programme with high-quality counterparties, continues to support its financial position, although moderate reliance on reinsurance partially offsets these strengths.
Operating performance has remained solid, with a five-year average return on equity of 17.8 per cent from 2021 to 2025. Underwriting results have outperformed industry averages, while stable investment income has supported earnings.
In 2025, the net combined ratio improved, driven primarily by lower loss ratios in motor and employees’ compensation segments.
Investment returns have remained consistent at mid-single-digit levels over the past two years and are expected to continue contributing stable income streams from interest, dividends, and rental sources.
CTIM retains a leading position in Macau’s non-life insurance market, holding an estimated 34 per cent share based on gross premiums written in 2025. Its diversified underwriting portfolio and distribution channels, including expanding digital platforms and cross-selling initiatives with affiliates of China Taiping Insurance Group Ltd, underpin its market strength.
-- BERNAMA
DMITRY SHUBOV: AI LOCK-IN RISK RISES FOR SOUTHEAST ASIA LEGAL-TECH
KUALA LUMPUR, March 24 (Bernama) -- Southeast Asian legal-tech startups targeting United States (US) expansion face mounting compliance and commercial risks as governments and enterprise buyers increasingly favour region-specific artificial intelligence (AI) platforms, in line with projections from Gartner.
“As suggested by Gartner’s findings, decisions about platforms require careful consideration. Founders who treat AI-platform and data-residency decisions as investor-grade deliverables will encounter fewer surprises when entering the US market,” said Dmitry Shubov Consulting Founder and Chief Executive Officer, Dmitry Shubov in a statement.
Platform lock-in—driven by sovereign cloud frameworks and country-specific AI ecosystems—is expected to surge from five per cent to 35 per cent by 2027, complicating cross-border deployment strategies.
Founders pursuing US-based pilots, enterprise contracts, or fundraising must now account for stricter data residency, processing, and transfer requirements.
Governments and large buyers are increasingly mandating the use of approved local platforms, limiting cross-border data movement and introducing new operational constraints.
While regional large language models (LLMs) may offer advantages in regulatory alignment and multilingual capability, deploying across multiple jurisdictions can create friction for US customers and investors.
The shift is also raising due diligence standards. US stakeholders now expect investor-grade transparency, including auditable data flow diagrams, clear subprocessor disclosures, and legally compliant transfer mechanisms such as standard contractual clauses (SCCs) or binding corporate rules (BCRs).
These evolving requirements have direct commercial implications. Startups that proactively structure data governance frameworks and residency strategies can accelerate procurement cycles, reduce transaction risk, and improve valuation outcomes by addressing investor concerns early.
Dmitry Shubov Consulting advises Southeast Asian legal-tech firms on translating region-specific AI and cloud risks into investor-ready frameworks, including data mapping, contractual playbooks, and US go-to-market strategies.
-- BERNAMA
“As suggested by Gartner’s findings, decisions about platforms require careful consideration. Founders who treat AI-platform and data-residency decisions as investor-grade deliverables will encounter fewer surprises when entering the US market,” said Dmitry Shubov Consulting Founder and Chief Executive Officer, Dmitry Shubov in a statement.
Platform lock-in—driven by sovereign cloud frameworks and country-specific AI ecosystems—is expected to surge from five per cent to 35 per cent by 2027, complicating cross-border deployment strategies.
Founders pursuing US-based pilots, enterprise contracts, or fundraising must now account for stricter data residency, processing, and transfer requirements.
Governments and large buyers are increasingly mandating the use of approved local platforms, limiting cross-border data movement and introducing new operational constraints.
While regional large language models (LLMs) may offer advantages in regulatory alignment and multilingual capability, deploying across multiple jurisdictions can create friction for US customers and investors.
The shift is also raising due diligence standards. US stakeholders now expect investor-grade transparency, including auditable data flow diagrams, clear subprocessor disclosures, and legally compliant transfer mechanisms such as standard contractual clauses (SCCs) or binding corporate rules (BCRs).
These evolving requirements have direct commercial implications. Startups that proactively structure data governance frameworks and residency strategies can accelerate procurement cycles, reduce transaction risk, and improve valuation outcomes by addressing investor concerns early.
Dmitry Shubov Consulting advises Southeast Asian legal-tech firms on translating region-specific AI and cloud risks into investor-ready frameworks, including data mapping, contractual playbooks, and US go-to-market strategies.
-- BERNAMA
Thursday, 19 March 2026
MITSUBISHI ELECTRIC SECURES MAJOR ORDER FOR TWO SUDIRMAN JAKARTA
KUALA LUMPUR, March 19 (Bernama) -- Mitsubishi Electric Corporation has announced that two of its Indonesian subsidiaries have secured a major order to supply 66 elevators, 30 escalators, 404 air-conditioning units, and 38 hand dryers for Two Sudirman Jakarta.
The subsidiaries involved are PT Mitsubishi Jaya Elevator and Escalator, responsible for manufacturing, selling, installing, and servicing the elevators and escalators, and PT Mitsubishi Electric Indonesia, which handles the air-conditioning systems.
The high-quality equipment is expected to enhance the luxury and comfort of the complex, according to a statement.
Two Sudirman Jakarta is a huge mixed-use urban space scheduled to open in the heart of Jakarta at the end of 2028.
The order reflects Mitsubishi Electric’s strong reputation in Indonesia for delivering reliable elevators, escalators, and related services.
The proposal to supply Two Sudirman Jakarta with the air-conditioning units was supported by Mitsubishi Electric’s extensive product lineup and the close cooperation between its group companies.
By providing advanced and dependable solutions, Mitsubishi Electric aims to contribute to safer, more secure, and comfortable urban environments in Indonesia.
-- BERNAMA
The subsidiaries involved are PT Mitsubishi Jaya Elevator and Escalator, responsible for manufacturing, selling, installing, and servicing the elevators and escalators, and PT Mitsubishi Electric Indonesia, which handles the air-conditioning systems.
The high-quality equipment is expected to enhance the luxury and comfort of the complex, according to a statement.
Two Sudirman Jakarta is a huge mixed-use urban space scheduled to open in the heart of Jakarta at the end of 2028.
The order reflects Mitsubishi Electric’s strong reputation in Indonesia for delivering reliable elevators, escalators, and related services.
The proposal to supply Two Sudirman Jakarta with the air-conditioning units was supported by Mitsubishi Electric’s extensive product lineup and the close cooperation between its group companies.
By providing advanced and dependable solutions, Mitsubishi Electric aims to contribute to safer, more secure, and comfortable urban environments in Indonesia.
-- BERNAMA
ABAXX SINGAPORE JOINS SBMA, BOOSTS PHYSICAL GOLD TRADING
KUALA LUMPUR, March 19 (Bernama) -- Abaxx Technologies Inc (Abaxx), a financial software and market infrastructure company, announced its subsidiary, Abaxx Singapore Pte Ltd (Abaxx Singapore), has been accepted as a Local Associate Member of the Singapore Bullion Market Association (SBMA).
“Abaxx has anchored its integrated precious metals market infrastructure in Singapore to align with Asia’s physical trade.
“That approach is consistent with the direction SBMA has set for the next phase of market development, and we look forward to contributing to smarter precious metals markets,” said Abaxx Exchange Chief Executive Officer (CEO), Nancy Seah in a statement.
Meanwhile, SBMA CEO, Albert Cheng welcomed Abaxx Exchange, calling the newly launched Abaxx Gold Singapore futures contract a timely addition to Asia’s gold market infrastructure.
Cheng highlighted that the contract seeks to establish a Singapore-based, kilobar-native, physically deliverable benchmark, supported by modernised title and transfer mechanisms.
The SBMA is a non-profit, member-driven industry body that represents key participants across the precious metals value chain, underpinning Singapore’s position as a regional hub for physical gold trading and custody across the Asia-Pacific.
This membership highlights Abaxx’s increasing involvement in the physical gold market, coinciding with growing participation in the Abaxx Exchange’s kilobar futures contract, deliverable into Singapore.
Abaxx is leveraging its co-located spot and futures infrastructure to establish a direct access point for the kilobar market, enabling the next phase of market expansion as the region solidifies its role in global gold trading.
In a recent pilot, the company demonstrated the mobilisation of physical gold as collateral within existing market structures, enabling T+0 ownership transfer to support financing against vaulted inventory.
The transaction illustrates how Abaxx Digital Title can be applied to vaulted gold to address inefficiencies in a US$47 billion segment of gold trade finance, aligning with SBMA’s focus on deepening Singapore’s leadership in bullion services. (US$1=RM3.93)
-- BERNAMA
“Abaxx has anchored its integrated precious metals market infrastructure in Singapore to align with Asia’s physical trade.
“That approach is consistent with the direction SBMA has set for the next phase of market development, and we look forward to contributing to smarter precious metals markets,” said Abaxx Exchange Chief Executive Officer (CEO), Nancy Seah in a statement.
Meanwhile, SBMA CEO, Albert Cheng welcomed Abaxx Exchange, calling the newly launched Abaxx Gold Singapore futures contract a timely addition to Asia’s gold market infrastructure.
Cheng highlighted that the contract seeks to establish a Singapore-based, kilobar-native, physically deliverable benchmark, supported by modernised title and transfer mechanisms.
The SBMA is a non-profit, member-driven industry body that represents key participants across the precious metals value chain, underpinning Singapore’s position as a regional hub for physical gold trading and custody across the Asia-Pacific.
This membership highlights Abaxx’s increasing involvement in the physical gold market, coinciding with growing participation in the Abaxx Exchange’s kilobar futures contract, deliverable into Singapore.
Abaxx is leveraging its co-located spot and futures infrastructure to establish a direct access point for the kilobar market, enabling the next phase of market expansion as the region solidifies its role in global gold trading.
In a recent pilot, the company demonstrated the mobilisation of physical gold as collateral within existing market structures, enabling T+0 ownership transfer to support financing against vaulted inventory.
The transaction illustrates how Abaxx Digital Title can be applied to vaulted gold to address inefficiencies in a US$47 billion segment of gold trade finance, aligning with SBMA’s focus on deepening Singapore’s leadership in bullion services. (US$1=RM3.93)
-- BERNAMA
Healthcare technology research company, KLAS Research, reports 100% of surveyed customers would buy Vectramind Health’s Firstpass platform again
Dubai, UAE, Mar.18, 2026 /AgilityPr - AsiaNet / -- Vectramind Health today announced that its’ AI-native patient experience and engagement platform, Firstpass, has received strong validation in a newly released KLAS First Look report highlighting high levels of customer satisfaction and measurable improvements in patient engagement and operational efficiency.
The findings, published in the KLAS Research report ‘ Vectramind Firstpass Unified Patient Experience & Engagement Platform 2026’ , show that 100% of surveyed customers said they would buy Firstpass again and consider the platform part of their long-term plans. Healthcare organizations also reported increased patient engagement, improved patient flow, reduced no-show rates, and reduced waiting times.
The KLAS Research findings, which are based on a small sample of customers, also highlight strong customer confidence in Vectramind Health as a strategic partner, with customers citing the company’s integration expertise, responsiveness, and collaborative approach to supporting healthcare organizations.
Healthcare leaders interviewed by KLAS highlighted the partnership and expertise provided by Vectramind Health:
“Vectramind Health has a great sales team that is consistently engaged with us. They don't treat us as their customer; they treat us more as their partner. They are very engaged to see how we are consistently growing and seeing improvements” and “In terms of patient engagement, we have been able to improve our no-show rate without even integrating the system with our EHR. In terms of patients engaging with clinics and not just the call center, we have also seen an increase without EHR integration. Those were desired outcomes that we have been able to realize.” - Directors, interviewed by KLAS Research
Firstpass is an AI-native, unified patient experience and engagement platform designed to help healthcare organizations orchestrate the entire patient journey. By connecting communication, workflow orchestration, and real-time patient journey management across the care continuum, Firstpass enables providers to engage patients before, during, and after care while reducing administrative burden for staff and improving operational efficiency.
“Healthcare organizations everywhere are working to improve access, reduce operational friction, and deliver a better patient experience,” said Dr. Murali Krishna Vakalapudi, Founder and CEO of Vectramind Group. “The feedback reflected in this KLAS Research report is especially meaningful because it comes directly from healthcare leaders using Firstpass to transform patient engagement and operational workflows. Our mission is to help providers eliminate fragmented care journeys and make person-centered care operationally sustainable at scale.”
KLAS First Look reports provide early insights into emerging healthcare solutions based on direct feedback from customers who have implemented the technology. These reports offer healthcare leaders a transparent view of how solutions are performing in real-world environments.
Vectramind Health continues to expand adoption of the Firstpass platform among hospitals, health systems, and specialty healthcare organizations seeking to improve patient engagement while optimizing operational workflows and care delivery.
About Vectramind Health
Vectramind Health is a healthcare technology company focused on advancing patient access, engagement, and experience across the healthcare journey. Its’ unified platform, Firstpass, enables healthcare organizations to streamline patient access, reduce operational friction, and connect fragmented non-clinical workflows across the care continuum. By bringing together digital access, communication, and experience insights into a single operational platform, Vectramind Health helps providers create more seamless patient journeys and deliver scalable, person-centered care.
About KLAS Research
KLAS is a research and insights firm on a global mission to improve healthcare delivery by amplifying the provider's voice. Working with thousands of healthcare professionals and clinicians, KLAS gathers data and insights on software, services, and medical equipment to deliver timely reports, trends and statistical overviews. The research directly represents the provider voice and acts as a catalyst for improving vendor performance. Follow KLAS on Twitter and LinkedIn. Learn more at klasresearch.com.
Media Contact
Vectramind Health
press@vectramind.com
Source: Vectramind Health
--BERNAMA
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