KUALA LUMPUR, Oct 29 (Bernama) -- More than 150 investors, corporate leaders, policymakers and innovators met European deep-tech companies at the European Innovation Night in Singapore on Oct 28, an event aimed at building business and investment partnerships between Europe and Singapore.
According to the European Innovation Council (EIC) in a statement, Singapore is the second-largest source of investment in EIC-backed companies outside Europe, after the United States.
“Singapore is a strategic partner for the EIC, with strong investment ties to our portfolio and shared ambitions for innovation, competitiveness and sustainable growth,” said EIC Head of Department, Stéphane Ouaki.
More than 60 European start-ups and scale-ups attended, including 12 backed by the EIC, and are meeting Singaporean investors and corporates to explore partnerships, co-development, supply chain integration and investment, throughout the week.
National Research Foundation Singapore Chairman, Heng Swee Keat said Singapore serves as a trusted hub for companies to test, validate and scale new solutions in Asia and beyond, complementing Europe’s scientific and engineering strengths.
EIC-backed scale-ups have raised 15.5 billion euros to date, with more than 1,000 investors co-investing alongside the EIC. The portfolio has produced 12 unicorns, and 2025 was its most active year, with over 500 million euros invested across 130-plus transactions. (1 Euro = RM4.54)
The event was co-organised by the EIC, the European Union (EU) Delegation to Singapore and the Eureka which brought a delegation of 35 companies from 16 countries. It was held at the Asian Civilisations Museum during the Singapore International Energy Week and SWITCH, the Singapore Week of Innovation and Technology.
-- BERNAMA
Thursday, October 29, 2026
Wednesday, October 28, 2026
HACK THE BOX CYBER TRAINING YIELDS 330 PCT ROI - STUDY
KUALA LUMPUR, Oct 28 (Bernama) -- A study commissioned by cybersecurity training platform Hack The Box (HTB) and conducted by Forrester Consulting has found that a modelled organisation using the platform achieved a 330 per cent return on investment over three years, recouping its costs in less than six months.
The study, Total Economic Impact, is based on interviews with seven decision-makers at HTB customers in the financial services, government, technology and professional services sectors. Their experiences were combined into a single composite organisation with a cybersecurity workforce of over 300 people, and the financial figures are risk-adjusted present values.
“The question we hear most often is how many cybersecurity jobs AI will replace. The more important question is whether teams are prepared to use AI effectively,” said HTB chief executive officer and founder, Haris Pylarinos.
In a statement, he said artificial intelligence (AI) amplifies the capabilities of the people using it, which is why workforce readiness matters.
Over three years, the composite organisation realised US$1.2 million in benefits against US$285,000 in costs, giving a net present value of US$939,000. (US$1 = RM4.08)
The study found a 50 per cent reduction in the probability of security incidents escalating, linked to earlier threat detection and attackers spending less time inside systems undetected. Incident response teams cut the time taken to acknowledge incidents by 50 per cent and the time to resolve them by 30 per cent.
Onboarding efficiency improved by 35 per cent and penetration testing efficiency by 50 per cent. Workforce attrition fell by four per cent, while annual cybersecurity certifications rose by 20 per cent.
Forrester Research separately named HTB a Leader in its Forrester Wave report on cybersecurity skills and training platforms for the first quarter of 2026, giving it the highest possible scores in 13 criteria, including readiness for agentic AI.
-- BERNAMA
The study, Total Economic Impact, is based on interviews with seven decision-makers at HTB customers in the financial services, government, technology and professional services sectors. Their experiences were combined into a single composite organisation with a cybersecurity workforce of over 300 people, and the financial figures are risk-adjusted present values.
“The question we hear most often is how many cybersecurity jobs AI will replace. The more important question is whether teams are prepared to use AI effectively,” said HTB chief executive officer and founder, Haris Pylarinos.
In a statement, he said artificial intelligence (AI) amplifies the capabilities of the people using it, which is why workforce readiness matters.
Over three years, the composite organisation realised US$1.2 million in benefits against US$285,000 in costs, giving a net present value of US$939,000. (US$1 = RM4.08)
The study found a 50 per cent reduction in the probability of security incidents escalating, linked to earlier threat detection and attackers spending less time inside systems undetected. Incident response teams cut the time taken to acknowledge incidents by 50 per cent and the time to resolve them by 30 per cent.
Onboarding efficiency improved by 35 per cent and penetration testing efficiency by 50 per cent. Workforce attrition fell by four per cent, while annual cybersecurity certifications rose by 20 per cent.
Forrester Research separately named HTB a Leader in its Forrester Wave report on cybersecurity skills and training platforms for the first quarter of 2026, giving it the highest possible scores in 13 criteria, including readiness for agentic AI.
-- BERNAMA
Tuesday, October 27, 2026
Bitget Upgrades Stock Dual Investment with VETA Finance for Tokenized U.S. Equities
VICTORIA, Seychelles, Oct 27 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world's largest Universal Exchange (UEX), has upgraded Stock Dual Investment, expanding its structured investment offerings to tokenized U.S. Equities through a partnership with VETA Finance. The launch introduces new stock-linked underlying assets and maturity options, allowing users to earn fixed-term yields while executing predefined strategies based on market conditions.
Stock Dual Investment lets users earn yield on USDT or eligible tokenized U.S. Equities over a fixed investment period, with settlement determined by a predefined target price and the assets's market performance at maturity. Current underlying assets include rNVDA, rGOOGL and rAMD, providing exposure to tokenized equities linked to NVIDIA, Alphabet, and AMD.
Buy Low allows users to subscribe with USDT and pick a target price for an eligible rToken. If the settlement price at maturity is at or below the target price, the investment is converted into the corresponding rToken at the predetermined price. Otherwise, users receive their principal and accrued yield in USDT. This strategy is designed for users looking to accumulate tokenized equities at a chosen price while earning yield during the investment period.
Sell High allows users to subscribe with an eligible rToken and pick a target price to sell. If the settlement price at maturity is at or above the target price, the investment is converted into USDT at a predetermined price. Otherwise, users retain their rToken principal and receive the applicable yield. This strategy is designed for holders waiting to sell at a selected price while earning yield on their existing positions.
"Investors often have a price in mind at which they would buy more or take profits. Stock Dual Investment, lets them earn yield while working toward those targets.That is our UEX vision of bringing crypto and traditional assets together with more ways to put them to work," said Gracy Chen, CEO of Bitget.
This product is offered in partnership with VETA Finance, a structured-product infrastructure provider focused on digital assets and tokenized markets. Since 2022, VETA Finance has provided end-to-end solutions for trading platforms, asset managers, and wealth-management providers, spanning product structuring, pricing, hedging, execution, and settlement.
Daniel Yu, Founder of VETA Finance, said: "Tokenization solved how equities get on-chain. Structured products solve how those assets are retained and how they generate yield. We are delighted to join Bitget's rToken ecosystem as a first-batch quoting vendor and bring the pricing, hedging and lifecycle management capabilities we have built in crypto structured products to tokenized US stocks in full. Dual Investment is only the first step. Together with Bitget, we intend to turn every tokenized US stock into a complete product line."
By extending Dual Investment to tokenized U.S equities, Bitget is bringing structured investment strategies traditionally associated with financial markets into its unified digital ecosystem. Users can deploy stablecoins or eligible rTokens through a single platform, creating additional opportunities to manage their exposure to tokenized equities without navigating separate trading environments. The launch further advances Bitget's Universal Exchange vision by expanding how users can access and utilize both crypto and tokenized traditional financial assets.
For more information, visit: https://www.bitget.com/support/articles/12560603898683
About VETA Finance
VETA Finance is an infrastructure provider for digital asset structured products. Since 2022 it has delivered end-to-end structured products services, from quoting and structuring to pricing, hedging and settlement, to leading trading platforms, asset managers and wealth channels. Its product range spans the full crypto structured products spectrum, including Dual Investment, Sharkfin, Snowball, Fixed Coupon Notes, Accumulators and Decumulators, Collars and zero-coupon lending, and the same product matrix is now being extended to tokenized US equities. VETA's proprietary structured products management system provides channels with one-stop RFQ, booking, settlement and lifecycle management, complemented by algorithmic execution services. The team combines investment banking, asset management and top-tier fund derivatives experience with years of live crypto trading.
About Bitget
Bitget is the world's largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 500+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships such as MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry's lowest fees and highest liquidity across 150 regions worldwide.
For more information, visit: Website | X | Telegram | LinkedIn | Discord
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/7d711fee-6a0a-4325-a1a2-a229bf9e545c
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
Stock Dual Investment lets users earn yield on USDT or eligible tokenized U.S. Equities over a fixed investment period, with settlement determined by a predefined target price and the assets's market performance at maturity. Current underlying assets include rNVDA, rGOOGL and rAMD, providing exposure to tokenized equities linked to NVIDIA, Alphabet, and AMD.
Buy Low allows users to subscribe with USDT and pick a target price for an eligible rToken. If the settlement price at maturity is at or below the target price, the investment is converted into the corresponding rToken at the predetermined price. Otherwise, users receive their principal and accrued yield in USDT. This strategy is designed for users looking to accumulate tokenized equities at a chosen price while earning yield during the investment period.
Sell High allows users to subscribe with an eligible rToken and pick a target price to sell. If the settlement price at maturity is at or above the target price, the investment is converted into USDT at a predetermined price. Otherwise, users retain their rToken principal and receive the applicable yield. This strategy is designed for holders waiting to sell at a selected price while earning yield on their existing positions.
"Investors often have a price in mind at which they would buy more or take profits. Stock Dual Investment, lets them earn yield while working toward those targets.That is our UEX vision of bringing crypto and traditional assets together with more ways to put them to work," said Gracy Chen, CEO of Bitget.
This product is offered in partnership with VETA Finance, a structured-product infrastructure provider focused on digital assets and tokenized markets. Since 2022, VETA Finance has provided end-to-end solutions for trading platforms, asset managers, and wealth-management providers, spanning product structuring, pricing, hedging, execution, and settlement.
Daniel Yu, Founder of VETA Finance, said: "Tokenization solved how equities get on-chain. Structured products solve how those assets are retained and how they generate yield. We are delighted to join Bitget's rToken ecosystem as a first-batch quoting vendor and bring the pricing, hedging and lifecycle management capabilities we have built in crypto structured products to tokenized US stocks in full. Dual Investment is only the first step. Together with Bitget, we intend to turn every tokenized US stock into a complete product line."
By extending Dual Investment to tokenized U.S equities, Bitget is bringing structured investment strategies traditionally associated with financial markets into its unified digital ecosystem. Users can deploy stablecoins or eligible rTokens through a single platform, creating additional opportunities to manage their exposure to tokenized equities without navigating separate trading environments. The launch further advances Bitget's Universal Exchange vision by expanding how users can access and utilize both crypto and tokenized traditional financial assets.
For more information, visit: https://www.bitget.com/support/articles/12560603898683
About VETA Finance
VETA Finance is an infrastructure provider for digital asset structured products. Since 2022 it has delivered end-to-end structured products services, from quoting and structuring to pricing, hedging and settlement, to leading trading platforms, asset managers and wealth channels. Its product range spans the full crypto structured products spectrum, including Dual Investment, Sharkfin, Snowball, Fixed Coupon Notes, Accumulators and Decumulators, Collars and zero-coupon lending, and the same product matrix is now being extended to tokenized US equities. VETA's proprietary structured products management system provides channels with one-stop RFQ, booking, settlement and lifecycle management, complemented by algorithmic execution services. The team combines investment banking, asset management and top-tier fund derivatives experience with years of live crypto trading.
About Bitget
Bitget is the world's largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 500+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships such as MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry's lowest fees and highest liquidity across 150 regions worldwide.
For more information, visit: Website | X | Telegram | LinkedIn | Discord
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/7d711fee-6a0a-4325-a1a2-a229bf9e545c
SOURCE: Bitget Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Friday, October 23, 2026
Fortrea and Omico Collaboration to Advance Biomarker-led Oncology Drug Development
Collaboration aims to improve trial planning and expand patient access to biomarker-matched studies in Australia
Highlights
Highlights
- Collaboration aims to accelerate precision oncology research in Australia
- Combines Fortrea’s experience in oncology clinical trials with Omico’s Precision Oncology Screening Platform Enabling Clinical Trials (PrOSPeCT) program
- Together, Fortrea and Omico offer more efficient investigator site selection and faster patient access by connecting patients with relevant biomarker-driven clinical trials
DURHAM, N.C. and SYDNEY, Oct 23 (Bernama-GLOBE NEWSWIRE) -- Fortrea (Nasdaq: FTRE) (the “Company”), a leading global contract research organization (“CRO”), and Omico, Australia’s leading precision oncology screening and trial matching organization, today announced a collaboration to accelerate precision oncology research by helping connect cancer patients to biomarker-matched clinical trials. By combining Omico's precision oncology network with Fortrea's scientific and clinical trial experience, the joint effort aims to improve study planning, site selection and patient recruitment to expand access to biomarker-driven oncology research globally.
Through this initiative, Omico will support Fortrea’s clients in their oncology drug development needs by providing access to patient population insights, including genomic profiling, trial-matching capabilities, real-world oncology data and patient referral pathways in Australia, a key country both for early and late phase Oncology clinical research activities. The collaboration will combine Fortrea’s oncology drug development experience with Omico’s flagship Precision Oncology Screening Platform Enabling Clinical Trials (PrOSPeCT) program, the largest cancer genomics initiative in Australia. PrOSPeCT is designed to provide molecular profiling and help match patients to biomarker-driven clinical trials and targeted therapies.
“Our collaboration with Omico is about seeking to reach the right patient for the right study as quickly as possible,” said Oren Cohen, M.D., Chief Medical Officer at Fortrea. “Modern oncology development demands ever-greater precision to match specific cancers with the therapies most likely to benefit patients, and to do so as quickly as possible. Our work with Omico accelerates our ability to identify the right patients for biomarker-driven studies in Australia and help advance precision medicine for people with cancer.”
Omico has built one of Australia's most extensive precision oncology ecosystems, combining molecular profiling, real-world evidence, cohort research programs and a nationwide network of investigators and clinical sites. Omico has reported more than 23,000 consented patients within its clinic-genomic databases and has received referrals from more than 1,600 clinicians across Australia.
“Australia is well positioned to support global biomarker-driven clinical trials, through Omico’s established national precision oncology research infrastructure, expertise and networks,” said Professor David Thomas, Chief Science and Strategy Officer at Omico. “By combining our national data and trial matching capabilities with Fortrea’s global clinical development expertise, we can help international sponsors identify relevant patient populations, plan trials more effectively and support targeted recruitment.”
Fortrea’s oncology expertise is underpinned by thousands of operational professionals and supported by more than 50 oncology physicians on staff. This collaboration comes at a time when modern oncology drug development has accelerated the focus on precision medicine, biomarker-driven development and targeted patient identification. Working together, Fortrea and Omico can offer more efficient site selection and the ability to match patients with appropriate studies tied to their unique genomic data, enabling more people to participate in studies tailored to their specific condition in Australia.
About Fortrea
Fortrea (Nasdaq: FTRE) is a leading global provider of clinical development solutions to the life sciences industry. We partner with emerging and large biopharmaceutical, biotechnology, medical device and diagnostic companies to drive healthcare innovation that accelerates life changing therapies to patients. Fortrea provides phase I-IV clinical trial management, clinical pharmacology and consulting services. Fortrea’s solutions leverage three decades of experience spanning more than 20 therapeutic areas, a passion for scientific rigor, exceptional insights and a strong investigator site network. Our talented and diverse team working in about 100 countries is scaled to deliver focused and agile solutions to clients globally. Learn more about how Fortrea is streamlining drug development at Fortrea.com and follow us on LinkedIn and X and Bluesky.
About Omico
Omico is an independent, national, not-for-profit research organisation changing the way we fight cancer. We work to improve outcomes for Australians with cancer by providing equitable access to precision oncology and translating scientific advances into clinical care and research, and generating the evidence needed to inform health policy and system reform. Working with Australia's leading cancer institutes, researchers, clinicians, industry partners, advocacy groups and government, we are accelerating molecular profiling, biomarker-led clinical trials, personalised cancer risk management and real-world evidence.
About PrOSPeCT
PrOSPeCT is Australia's largest precision oncology initiative. Delivered by Omico and a national network of healthcare, research and industry partners, it provides eligible Australians with access to molecular profiling and matching to biomarker-led clinical trials and therapies (at no cost to the patient), while generating clinical, genomic, treatment and outcomes data to advance research, improve cancer care and inform future health policy.
Fortrea Contacts:
Galen Wilson (Media) – 703-298-0802, media@fortrea.com
Kate Dillon (Media) – 646-818-9115, kdillon@prosek.com
Tracy Krumme (Investors) – 984-385-6707, Tracy.Krumme@fortrea.com
Omico Contact:
Kym Bramich (Communications) – +61 414 795 087, k.bramich@omico.org.au
SOURCE: Fortrea Holdings Inc
Through this initiative, Omico will support Fortrea’s clients in their oncology drug development needs by providing access to patient population insights, including genomic profiling, trial-matching capabilities, real-world oncology data and patient referral pathways in Australia, a key country both for early and late phase Oncology clinical research activities. The collaboration will combine Fortrea’s oncology drug development experience with Omico’s flagship Precision Oncology Screening Platform Enabling Clinical Trials (PrOSPeCT) program, the largest cancer genomics initiative in Australia. PrOSPeCT is designed to provide molecular profiling and help match patients to biomarker-driven clinical trials and targeted therapies.
“Our collaboration with Omico is about seeking to reach the right patient for the right study as quickly as possible,” said Oren Cohen, M.D., Chief Medical Officer at Fortrea. “Modern oncology development demands ever-greater precision to match specific cancers with the therapies most likely to benefit patients, and to do so as quickly as possible. Our work with Omico accelerates our ability to identify the right patients for biomarker-driven studies in Australia and help advance precision medicine for people with cancer.”
Omico has built one of Australia's most extensive precision oncology ecosystems, combining molecular profiling, real-world evidence, cohort research programs and a nationwide network of investigators and clinical sites. Omico has reported more than 23,000 consented patients within its clinic-genomic databases and has received referrals from more than 1,600 clinicians across Australia.
“Australia is well positioned to support global biomarker-driven clinical trials, through Omico’s established national precision oncology research infrastructure, expertise and networks,” said Professor David Thomas, Chief Science and Strategy Officer at Omico. “By combining our national data and trial matching capabilities with Fortrea’s global clinical development expertise, we can help international sponsors identify relevant patient populations, plan trials more effectively and support targeted recruitment.”
Fortrea’s oncology expertise is underpinned by thousands of operational professionals and supported by more than 50 oncology physicians on staff. This collaboration comes at a time when modern oncology drug development has accelerated the focus on precision medicine, biomarker-driven development and targeted patient identification. Working together, Fortrea and Omico can offer more efficient site selection and the ability to match patients with appropriate studies tied to their unique genomic data, enabling more people to participate in studies tailored to their specific condition in Australia.
About Fortrea
Fortrea (Nasdaq: FTRE) is a leading global provider of clinical development solutions to the life sciences industry. We partner with emerging and large biopharmaceutical, biotechnology, medical device and diagnostic companies to drive healthcare innovation that accelerates life changing therapies to patients. Fortrea provides phase I-IV clinical trial management, clinical pharmacology and consulting services. Fortrea’s solutions leverage three decades of experience spanning more than 20 therapeutic areas, a passion for scientific rigor, exceptional insights and a strong investigator site network. Our talented and diverse team working in about 100 countries is scaled to deliver focused and agile solutions to clients globally. Learn more about how Fortrea is streamlining drug development at Fortrea.com and follow us on LinkedIn and X and Bluesky.
About Omico
Omico is an independent, national, not-for-profit research organisation changing the way we fight cancer. We work to improve outcomes for Australians with cancer by providing equitable access to precision oncology and translating scientific advances into clinical care and research, and generating the evidence needed to inform health policy and system reform. Working with Australia's leading cancer institutes, researchers, clinicians, industry partners, advocacy groups and government, we are accelerating molecular profiling, biomarker-led clinical trials, personalised cancer risk management and real-world evidence.
About PrOSPeCT
PrOSPeCT is Australia's largest precision oncology initiative. Delivered by Omico and a national network of healthcare, research and industry partners, it provides eligible Australians with access to molecular profiling and matching to biomarker-led clinical trials and therapies (at no cost to the patient), while generating clinical, genomic, treatment and outcomes data to advance research, improve cancer care and inform future health policy.
Fortrea Contacts:
Galen Wilson (Media) – 703-298-0802, media@fortrea.com
Kate Dillon (Media) – 646-818-9115, kdillon@prosek.com
Tracy Krumme (Investors) – 984-385-6707, Tracy.Krumme@fortrea.com
Omico Contact:
Kym Bramich (Communications) – +61 414 795 087, k.bramich@omico.org.au
SOURCE: Fortrea Holdings Inc
Monday, October 19, 2026
AM Best Affirms Credit Ratings of China Taiping Insurance (Singapore) Pte. Ltd.
SINGAPORE, Oct 19 (Bernama-BUSINESS WIRE) -- 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 (Singapore) Pte. Ltd. (CTPIS) (Singapore). The outlook of these Credit Ratings (ratings) is stable. CTPIS is a wholly owned subsidiary of China Taiping Insurance Holdings Company Limited, which is ultimately majority owned by China Taiping Insurance Group Ltd. (TPG), a China state-owned financial and insurance group.
The ratings reflect CTPIS’ balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM). In addition, CTPIS benefits from rating enhancement as a member of the TPG group.
CTPIS’ balance sheet strength is underpinned by risk-adjusted capitalisation, which is expected to remain at the strongest level over the intermediate term, as measured by Best’s Capital Adequacy Ratio (BCAR). Additionally, CTPIS benefits from strong financial flexibility as demonstrated by capital injections provided by the TPG group in recent years to support the development of its life insurance operations. The company’s investment portfolio consists of cash, deposits and fixed-income securities, albeit with some exposure to higher-risk asset classes such as equities. CTPIS has a moderate reinsurance usage to support the underwriting of large limit risks and life insurance products; however, the credit risk is partially mitigated by the company’s utilisation of a well-rated reinsurance panel.
CTPIS’ operating performance is assessed as adequate, with a return-on-equity ratio of 6% in 2025 (2024: 5.8%). The 2025 operating income was mainly supported by profitable non-life business, while the life business showed improvement during the year. Operating performance remained profitable in the first half of 2026. CTPIS’ investment income is comprised mainly of interest and dividend income and continues to support overall profitability.
AM Best assesses CTPIS’ business profile as neutral. The company is a medium-size composite insurer, domiciled in Singapore, with a long-established position within that country’s non-life segment and an increasing position in the life segment. CTPIS maintains a well-diversified underwriting portfolio, with life insurance operations contributing approximately half of gross premiums written in 2025, albeit the portfolio is geographically concentrated in Singapore. The company benefits from its affiliation with the TPG group, which provides it a level of preferential access to insured risks associated with China-based enterprises in the Singapore market.
The rating enhancement reflects both the implicit and explicit support CTPIS receives from the TPG group. While CTPIS’ operations account for a small portion of the group’s consolidated revenue and earnings, it is considered strategically important to the group in terms of accessing the Singapore insurance market and growing its overseas business.
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 © 2026 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/20261016696180/en/
Contact
Sin Yee Chuah, CFA
Senior Financial Analyst
+65 6303 5022
sinyee.chuah@ambest.com
Victoria Ohorodnyk
Senior 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 CTPIS’ balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM). In addition, CTPIS benefits from rating enhancement as a member of the TPG group.
CTPIS’ balance sheet strength is underpinned by risk-adjusted capitalisation, which is expected to remain at the strongest level over the intermediate term, as measured by Best’s Capital Adequacy Ratio (BCAR). Additionally, CTPIS benefits from strong financial flexibility as demonstrated by capital injections provided by the TPG group in recent years to support the development of its life insurance operations. The company’s investment portfolio consists of cash, deposits and fixed-income securities, albeit with some exposure to higher-risk asset classes such as equities. CTPIS has a moderate reinsurance usage to support the underwriting of large limit risks and life insurance products; however, the credit risk is partially mitigated by the company’s utilisation of a well-rated reinsurance panel.
CTPIS’ operating performance is assessed as adequate, with a return-on-equity ratio of 6% in 2025 (2024: 5.8%). The 2025 operating income was mainly supported by profitable non-life business, while the life business showed improvement during the year. Operating performance remained profitable in the first half of 2026. CTPIS’ investment income is comprised mainly of interest and dividend income and continues to support overall profitability.
AM Best assesses CTPIS’ business profile as neutral. The company is a medium-size composite insurer, domiciled in Singapore, with a long-established position within that country’s non-life segment and an increasing position in the life segment. CTPIS maintains a well-diversified underwriting portfolio, with life insurance operations contributing approximately half of gross premiums written in 2025, albeit the portfolio is geographically concentrated in Singapore. The company benefits from its affiliation with the TPG group, which provides it a level of preferential access to insured risks associated with China-based enterprises in the Singapore market.
The rating enhancement reflects both the implicit and explicit support CTPIS receives from the TPG group. While CTPIS’ operations account for a small portion of the group’s consolidated revenue and earnings, it is considered strategically important to the group in terms of accessing the Singapore insurance market and growing its overseas business.
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 © 2026 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/20261016696180/en/
Contact
Sin Yee Chuah, CFA
Senior Financial Analyst
+65 6303 5022
sinyee.chuah@ambest.com
Victoria Ohorodnyk
Senior 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
Saturday, October 10, 2026
Digital Realty Commences Construction of KIX15 Data Center, Expanding AI Infrastructure in Japan
Digital Realty’s Osaka campus expands with commencement of construction on a new 24 MW facility designed for high-density computing and advanced cooling
SINGAPORE, Oct 7 (Bernama-GLOBE NEWSWIRE) -- Digital Realty (NYSE: DLR), the world’s largest cloud- and carrier-neutral data center platform, today announced the commencement of construction of KIX15, a new 24 megawatt (MW) data center at its KIX Campus in Ibaraki City, Osaka Prefecture, Japan.
Developed by MC Digital Realty (MCDR), Digital Realty’s 50/50 joint venture in Japan with Mitsubishi Corporation, KIX15 will be the fifth data center at the KIX Campus and is scheduled to commence operations in the fourth quarter of 2028. The new facility is planned to further expand Digital Realty’s presence across the Tokyo and Osaka metropolitan areas. Upon completion, KIX15 will bring MCDR’s Japan portfolio to 10 data centers, representing approximately 220 MW of aggregate IT capacity.
This expansion follows the opening of the NRT14 Data Center in Inzai City, Chiba Prefecture, earlier this year. NRT14 is one of the first facilities in Japan to achieve the DGX-Ready Data Center certification.
KIX15 will be part of PlatformDIGITAL®, Digital Realty’s global data center platform spanning 300+ data centers across 55+ metros in 30+ countries on six continents.
Serene Nah, Managing Director and Head of Asia Pacific, Digital Realty, said, “Japan is a strategic market for Digital Realty and a key part of our long-term growth in Asia Pacific. Our continued investment in Japan reflects both our confidence in the market and our commitment to building the infrastructure customers will need for the long term.
“KIX15 is the next step in that commitment. As customer requirements become more distributed and complex, the combination of local scale and global reach will become increasingly important.”
Advancing AI Infrastructure in Kansai
KIX15 is a key component of MCDR’s Kansai AI Infrastructure Co-Creation Project, an initiative centered on the KIX Campus to support the development of AI infrastructure across the Kansai region.
The project brings together the expansion of the KIX Campus with stronger domestic and international connectivity and deeper collaboration with telecommunications and technology partners.
Kohei Yamashita, Representative Director and Chief Executive Officer of MC Digital Realty, said, “Kansai has a growing opportunity to play a larger role in Japan’s AI economy. Realizing that potential will require an ecosystem that can support businesses as they build and scale AI, bringing together computing infrastructure, connectivity and technology expertise.”
As adoption of generative AI and cloud services grows, demand is increasing for higher-density computing environments, advanced cooling and reliable connectivity in Japan. KIX15 is designed to support hybrid air- and liquid-cooling technologies. Designed to provide a high level of security and campus-based scalability, the facility is expected to support a broad range of customers, including hyperscalers, cloud service providers and companies deploying AI infrastructure.
Through Digital Realty’s ServiceFabric® orchestration and interconnection platform and collaboration with multiple network service providers, customers will have access to low-latency connectivity to key locations and cloud services in Japan and more than 300 Digital Realty data centers worldwide. This enables customers to expand into high-power, high-density infrastructure at the KIX Campus while maintaining connectivity with their existing IT environments.
About Digital Realty
Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL®, the company’s global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx®) solution methodology for powering innovation, from cloud and digital transformation to emerging technologies like artificial intelligence (AI), and efficiently managing Data Gravity challenges. Digital Realty gives its customers access to the connected data communities that matter to them with a global data center footprint of 300+ facilities in 55+ metros across 30+ countries on six continents. To learn more about Digital Realty, please visit digitalrealty.com or follow us on LinkedIn and X.
About MC Digital Realty
MC Digital Realty, Inc., established in September 2017, is a 50/50 joint venture between Mitsubishi Corporation and Digital Realty. The company provides the full spectrum of data center services in Japan, including colocation and interconnection solutions, by leveraging Mitsubishi Corporation’s real estate and infrastructure investment expertise and customer network, as well as Digital Realty’s global data center platform, PlatformDIGITAL®.
For Additional Information
Media Contacts
Joyce Ng
Digital Realty
jong@digitalrealty.com
Investor Relations
Jordan Sadler / Jim Huseby
Digital Realty
+1 (737) 281-0101
InvestorRelations@digitalrealty.com
Safe Harbor Statement
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to the Asian markets, the company’s development plans, expected completion dates, expected growth in digital transformation and demand, customer demand and the company's strategy. For a list and description of risks and uncertainties, see the reports and other filings by the company with the U.S. Securities and Exchange Commission. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/ab8f4779-e20a-4c84-8555-2c9d13184fbb
SOURCE: Digital Realty
Developed by MC Digital Realty (MCDR), Digital Realty’s 50/50 joint venture in Japan with Mitsubishi Corporation, KIX15 will be the fifth data center at the KIX Campus and is scheduled to commence operations in the fourth quarter of 2028. The new facility is planned to further expand Digital Realty’s presence across the Tokyo and Osaka metropolitan areas. Upon completion, KIX15 will bring MCDR’s Japan portfolio to 10 data centers, representing approximately 220 MW of aggregate IT capacity.
This expansion follows the opening of the NRT14 Data Center in Inzai City, Chiba Prefecture, earlier this year. NRT14 is one of the first facilities in Japan to achieve the DGX-Ready Data Center certification.
KIX15 will be part of PlatformDIGITAL®, Digital Realty’s global data center platform spanning 300+ data centers across 55+ metros in 30+ countries on six continents.
Serene Nah, Managing Director and Head of Asia Pacific, Digital Realty, said, “Japan is a strategic market for Digital Realty and a key part of our long-term growth in Asia Pacific. Our continued investment in Japan reflects both our confidence in the market and our commitment to building the infrastructure customers will need for the long term.
“KIX15 is the next step in that commitment. As customer requirements become more distributed and complex, the combination of local scale and global reach will become increasingly important.”
Advancing AI Infrastructure in Kansai
KIX15 is a key component of MCDR’s Kansai AI Infrastructure Co-Creation Project, an initiative centered on the KIX Campus to support the development of AI infrastructure across the Kansai region.
The project brings together the expansion of the KIX Campus with stronger domestic and international connectivity and deeper collaboration with telecommunications and technology partners.
Kohei Yamashita, Representative Director and Chief Executive Officer of MC Digital Realty, said, “Kansai has a growing opportunity to play a larger role in Japan’s AI economy. Realizing that potential will require an ecosystem that can support businesses as they build and scale AI, bringing together computing infrastructure, connectivity and technology expertise.”
As adoption of generative AI and cloud services grows, demand is increasing for higher-density computing environments, advanced cooling and reliable connectivity in Japan. KIX15 is designed to support hybrid air- and liquid-cooling technologies. Designed to provide a high level of security and campus-based scalability, the facility is expected to support a broad range of customers, including hyperscalers, cloud service providers and companies deploying AI infrastructure.
Through Digital Realty’s ServiceFabric® orchestration and interconnection platform and collaboration with multiple network service providers, customers will have access to low-latency connectivity to key locations and cloud services in Japan and more than 300 Digital Realty data centers worldwide. This enables customers to expand into high-power, high-density infrastructure at the KIX Campus while maintaining connectivity with their existing IT environments.
About Digital Realty
Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL®, the company’s global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx®) solution methodology for powering innovation, from cloud and digital transformation to emerging technologies like artificial intelligence (AI), and efficiently managing Data Gravity challenges. Digital Realty gives its customers access to the connected data communities that matter to them with a global data center footprint of 300+ facilities in 55+ metros across 30+ countries on six continents. To learn more about Digital Realty, please visit digitalrealty.com or follow us on LinkedIn and X.
About MC Digital Realty
MC Digital Realty, Inc., established in September 2017, is a 50/50 joint venture between Mitsubishi Corporation and Digital Realty. The company provides the full spectrum of data center services in Japan, including colocation and interconnection solutions, by leveraging Mitsubishi Corporation’s real estate and infrastructure investment expertise and customer network, as well as Digital Realty’s global data center platform, PlatformDIGITAL®.
For Additional Information
Media Contacts
Joyce Ng
Digital Realty
jong@digitalrealty.com
Investor Relations
Jordan Sadler / Jim Huseby
Digital Realty
+1 (737) 281-0101
InvestorRelations@digitalrealty.com
Safe Harbor Statement
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to the Asian markets, the company’s development plans, expected completion dates, expected growth in digital transformation and demand, customer demand and the company's strategy. For a list and description of risks and uncertainties, see the reports and other filings by the company with the U.S. Securities and Exchange Commission. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/ab8f4779-e20a-4c84-8555-2c9d13184fbb
SOURCE: Digital Realty
Tuesday, October 6, 2026
Guardsquare Accelerates Asia-Pacific Growth with Office Opening in Singapore
Guardsquare celebrates the opening of its first Asia-Pacific office in Singapore on October 1, 2026, joined by employees, partners, customers, and government representatives.
Mobile application security leader expands its APAC presence to help financial services, healthcare, retail, government, and other industries combat sophisticated app tampering and fraud threats
SINGAPORE & LEUVEN, Belgium, Oct 6 (Bernama-BUSINESS WIRE) -- Guardsquare, the leading provider of mobile application security, today announced the opening of its regional office in Singapore. Its first physical presence in Asia-Pacific (APAC) builds on a customer base of more than 200 organizations across Asia and 50% year-over-year revenue growth in the region.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20261005995899/en/
Located at 9 Temasek Blvd, Suntec Tower 2, #15-02A, Guardsquare’s new office will serve as an operational and technical center of excellence for Asia-Pacific, with dedicated sales, technical support, and solutions engineering teams. The office will help the company serve rising demand for mobile application and API security across testing, protection, threat intelligence, and app attestation.
Guardsquare marked the milestone on October 1 with an on-site celebration, attended by regional partners, customers, government representatives, and local business leaders. Speakers included Roel Caers, CEO of Guardsquare; Severine de Potter, Belgium's Ambassador to Singapore; Soo Haw Yun, Vice President, Global Enterprises, Singapore Economic Development Board; and Kim De Meyer, Science and Technology Counselor at Flanders Investment & Trade (FIT).
“The Asia Pacific region is operating at the frontier of the global mobile economy, with organizations building increasingly sophisticated, high-value applications that their users rely on every day,” said Roel Caers, CEO of Guardsquare. “As the market leader in mobile application security, our presence in Singapore ensures regional developers have direct access to the most comprehensive security available, so they can build, release, and defend their mobile apps with confidence.”
"Guardsquare's decision to establish its first APAC office in Singapore reflects our role as a trusted base for companies to drive growth in the region. The expansion is a valuable addition to our vibrant cybersecurity ecosystem, and we look forward to partnering with Guardsquare in creating opportunities for local talent and delivering impactful solutions across the region," said Soo Haw Yun, Vice President, Global Enterprises, Singapore Economic Development Board.
The investment comes as Southeast Asia’s digital economy is projected to surpass $300 billion and more than 60% of payments in the region are digital, according to Google, Temasek, and Bain & Company. As mobile banking, digital wallets, and super-apps expand, the team will help organizations protect their applications against tampering, reverse engineering, and fraud while addressing growing regulatory expectations.
The opening event also served to deepen Guardsquare's relationships with key regional partners and customers. Guardsquare works with a growing network of partners across APAC to bring its mobile application security platform — including DexGuard, iXGuard, AppSweep, App Attestation, and ThreatCast — to organizations across the region’s banking, fintech, and retail sectors, among others.
“Proximity to our customers and partners is paramount in cybersecurity,” said Philippe Cazaubon, APAC managing director, Guardsquare. “Organizations across the region are navigating dynamic regulatory environments and increasingly sophisticated threat landscapes. Establishing our direct presence in Singapore allows us to deepen our relationships across the local ecosystem, collaborate more closely with our channel network, and deliver responsive, in-region support to help organizations protect their mobile innovations and revenue stream.”
The Singapore office joins Guardsquare’s six other offices worldwide, marking a milestone in the company’s global expansion. The company is hiring across sales, marketing, and engineering in Singapore. To explore current opportunities, visit the Singapore careers page: https://www.guardsquare.com/careers#singapore
About Guardsquare
Guardsquare offers the most complete approach to mobile application security on the market, delivering the highest level of protection, with ease. Guardsquare integrates seamlessly across the full development cycle, from mobile app security testing and code hardening to real-time threat detection and API security. Guardsquare provides enhanced mobile application security across the entire development process. More than 1,000 customers worldwide across all major industries rely on Guardsquare to help them identify security risks and protect their mobile applications and SDKs against reverse engineering and tampering in the ever-evolving threat landscape. Learn more atGuardsquare.com and onLinkedIn.
All trademarks recognized.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20261005995899/en/
Contact
Philippe Cazaubon
Managing Director, APAC region
Guardsquare
philippe.cazaubon@guardsquare.com
Tracy Wemett
BroadPR for Guardsquare
+1-617-868-5031
tracy@broadpr.com
Source : Guardsquare
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