Bitget Launches TradFi 101 to Prepare Users for the Universal Exchange Era

 

VICTORIA, Seychelles, July 2 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world's largest Universal Exchange (UEX), has launched TradFi 101, a long-term educational initiative designed to help crypto users understand traditional financial markets and navigate the growing intersection between digital assets and global finance. The program introduces structured learning resources covering financial foundations, asset classes, market mechanics, macroeconomics, risk management, and the evolution of multi-asset investing.

As tokenized assets become more accessible and investors increasingly participate across crypto, equities, commodities, ETFs, and real-world assets, financial literacy is becoming an essential skill for market participants. TradFi 101 is designed for a market environment where crypto-native investors can learn the drivers behind stocks, commodities, currencies, and capital flows.

Built with an education-first approach, TradFi 101 is designed as an open industry initiative that brings together exchanges, media platforms, researchers, educators, and creator communities to make financial education more accessible. Current participating and invited ecosystem contributors include Coin Bureau, CoinGecko, and TradingView among others.

“Financial markets are becoming increasingly connected, and traders are already navigating more than a single asset class,” said Gracy Chen, CEO of Bitget. “Crypto investors today pay attention to interest rates, inflation, equities, commodities, and global liquidity alongside digital assets. As tokenization expands access to financial markets, understanding how these systems work together becomes increasingly important. TradFi 101 was created to make that knowledge more accessible and help users prepare for a future where traditional and digital assets exist within the same investment landscape.”

TradFi 101 consists of six learning modules released through a structured curriculum and supported by weekly educational content, community participation, and assessments. The program will answer 100 essential financial questions through simplified lessons designed for crypto audiences. Modules include Financial Foundations: Rediscover TradFi, Asset Encyclopedia: Your Global Wealth Checklist, Market Mechanics: How Trading Happens, Macroeconomics: The Invisible Hand, Risk & Human Nature: The Trader's Mindset, and Universal Exchange: The Final Form of Finance.

The final module explores the convergence of traditional and digital assets within a unified trading environment. As the world's largest Universal Exchange, Bitget already provides access to more than 2 million crypto tokens alongside over 10,000 US stocks, 500+ tokenized stocks, ETFs, commodities, foreign exchange products, and precious metals. TradFi 101 examines how tokenization is expanding access to global markets and why a broader understanding of finance will become increasingly valuable in the years ahead.

TradFi 101 is designed as a long-term initiative that contributes to the industry's broader effort to improve financial literacy for the multi-asset era. By bringing together educational contributors from across the ecosystem, the program aims to help the next generation of traders build the knowledge needed to participate more confidently in an increasingly connected financial system.

For more information, visit: https://www.bitget.com/activity-hub/tradfi-101  

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 with LALIGA and 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 | Twitter | 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/5afb1423-31e8-4fb9-a213-97c66c378241 

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.

Defiance Launches DRAL: 2X Long DRAM ETF

MIAMI, June 26 (Bernama-GLOBE NEWSWIRE) -- Defiance ETFs, a leader in thematic and leveraged exchange-traded funds, today announced the launch of the Defiance Daily Target 2X Long DRAM ETF (Cboe: DRAL). Now trading, DRAL gives active traders amplified, single-ticker exposure to the semiconductor memory theme that sits at the center of the artificial intelligence buildout.

DRAL is an actively managed ETF that seeks daily investment results, before fees and expenses, of 200% (2X) of the daily percentage change in the share price of DRAM, the underlying ETF, for a single trading day. It pursues that exposure primarily through swap agreements and listed options contracts, rebalancing daily.

The Fund is designed to deliver 200% (2X) of the daily price performance of DRAM, before fees and expenses. With DRAL now available for trading, active traders can take amplified, single-ticker positions on the semiconductor memory theme that sits at the center of the artificial intelligence buildout. Defiance specializes in thematic, income, and leveraged ETFs and continues to expand the tools it offers active traders for tactical, high-conviction positioning.

For full fund details, the prospectus, holdings, and performance current to the most recent month-end, visit defianceetfs.com/dral or call 833.333.9383.

Investing in the Fund is not equivalent to investing directly in DRAM. The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage, and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. The Fund pursues daily leveraged investment objectives, which means it is riskier than alternatives that do not use leverage. The Fund magnifies the performance of DRAM (the “Underlying ETF”) and is designed strictly for short-term use. For periods longer than a single day, the Fund’s performance will be the result of compounded daily returns, which is very likely to differ from 200% of the return of the Underlying ETF over the same period. It is possible that investors could lose their entire principal within a single trading day.

About Defiance ETFs

Founded in 2018, Defiance is a leading ETF issuer specializing in thematic, income, and leveraged ETFs. Our leveraged single-stock ETFs empower investors to take amplified positions in high-growth companies, providing precise leverage exposure without the need to open a margin account.

Media Contact: Brenda Hentschel | bhentschel@gregoryagency.com | 201.705.3758

IMPORTANT DISCLOSURES

Defiance ETFs LLC is the ETF sponsor. The Fund’s investment adviser is Tidal Investments, LLC (“Tidal” or the “Adviser”).

The Fund’s investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus and summary prospectus contain this and other important information about the investment company. Please read the prospectus and/or summary prospectus carefully before investing. For a prospectus or summary prospectus with this and other information, go to defianceetfs.com. Hard copies can be requested by calling 833.333.9383.

Investing involves risk. Principal loss is possible. As an ETF, the Fund may trade at a premium or discount to NAV. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. There is no guarantee the Fund’s strategy will be properly implemented, and an investor may lose some or all of its investment.

DRAM Price Decline Risk. As part of the Fund’s leveraged investment strategy, the Fund enters into swap agreements and options contracts based on the share price of DRAM (the “Underlying ETF”). This strategy subjects the Fund to certain of the same risks as if it owned shares of the Underlying ETF, even though it does not. By virtue of the Fund’s indirect 2X exposure to changes in the share price of the Underlying ETF, the Fund is subject to the risk that the Underlying ETF’s share price declines. If the share price of the Underlying ETF decreases, the Fund will likely lose value and, as a result, the Fund may suffer significant losses. The Fund may also be subject to the following risks:

Indirect Investment in the Underlying ETF Risk. The Roundhill Memory ETF, its investment adviser, Roundhill Financial Inc., and its sponsor are not affiliated with the Trust, the Fund, the Adviser, or their respective affiliates, and are not involved with this offering in any way. The Roundhill Memory ETF has no obligation to consider the Fund or its shareholders in taking any actions that might affect the value of Fund shares. Investors in the Fund will not have voting rights or other ownership privileges associated with holding shares of the Roundhill Memory ETF. The Fund is not sponsored, endorsed, sold, or promoted by the Roundhill Memory ETF or Roundhill Financial Inc.

Underlying ETF Risk. Because the Fund seeks exposure to the Roundhill Memory ETF, it is indirectly subject to all of the risks of investing in that ETF, including the risk that the Underlying ETF fails to meet its own investment objective or does not track its underlying index. The Fund also indirectly bears its proportionate share of the Underlying ETF’s fees and expenses, which are in addition to the Fund’s own fees and expenses. The Underlying ETF may itself use derivatives and may hold a concentrated portfolio, which can increase volatility.

Memory Industry Risk. The Underlying ETF concentrates in companies engaged in the semiconductor memory industry, including high bandwidth memory (HBM), dynamic random-access memory (DRAM), and NAND flash and solid-state storage technologies. The memory market is highly cyclical and subject to rapid pricing swings, oversupply and undersupply cycles, high capital intensity, technological obsolescence, and shifts in end-market demand. A downturn in memory pricing or demand could materially and adversely affect the Underlying ETF and, in turn, the Fund’s performance.

Semiconductor Industry Risk. Semiconductor companies are significantly affected by intense competition, rapid product obsolescence, high research, development, and capital expenditure requirements, cyclical demand, and global supply chain disruptions. Export controls, tariffs, and other regulatory developments may also restrict their business activities. These factors may cause the securities held by the Underlying ETF to be volatile and may negatively affect the Fund’s performance.

Technology Sector Risk. Companies in the technology sector may be subject to greater market volatility, shorter product cycles, intense competition, and heavy dependence on intellectual property rights. A rising interest rate environment may further pressure technology valuations. These factors may adversely affect the Underlying ETF and the Fund.

Artificial Intelligence Demand Risk. Demand for memory products is increasingly tied to spending on artificial intelligence infrastructure. A slowdown in AI-related capital expenditures, a change in prevailing technology architectures, or a reassessment of AI growth expectations could reduce demand for memory products and adversely affect the Underlying ETF and the Fund’s performance.

Concentration Risk. The Fund’s exposure is concentrated in the Underlying ETF and, indirectly, in the memory and semiconductor industries. The Fund may be more sensitive to adverse developments affecting those industries than a fund that invests across a broader range of issuers and sectors.

Compounding and Market Volatility Risk. The Fund’s performance for periods greater than a trading day will be the result of each day’s returns compounded over the period, which is likely to differ from 200% of the Underlying ETF’s performance. During periods of higher volatility, compounding effects may cause the Fund to lose value even if the Underlying ETF’s share price increases over the longer term.

Daily Correlation/Tracking Risk. There is no guarantee that the Fund will achieve a high degree of leveraged correlation to the Underlying ETF. Market disruptions, volatility, or limitations in the availability of derivatives may cause the Fund’s performance to deviate from its daily leveraged investment objective.

Leverage Risk. The Fund seeks 2X long exposure through financial instruments, which exposes the Fund to the risk that losses may be magnified. Leverage increases the Fund’s volatility, and a relatively small movement in the Underlying ETF’s share price may result in significant losses for the Fund.

Derivatives Risk. The Fund’s investments in derivatives may pose risks greater than those associated with directly investing in securities. These risks include increased volatility, imperfect correlation with the Underlying ETF, liquidity constraints, valuation challenges, and the potential for losses exceeding the amount initially invested.

Counterparty Risk. The Fund is subject to counterparty risk due to its use of derivatives. If a counterparty fails to meet its contractual obligations, the Fund may experience delays or losses, which could negatively affect its performance.

Options Contracts Risk. The Fund’s use of options subjects it to additional risks, including volatility, time decay, and the possibility that options positions expire worthless, which could result in significant losses to the Fund.

Swap Agreements. The use of swap transactions is a highly specialized activity, which involves investment techniques and risks different from those associated with ordinary portfolio securities transactions.

Rebalancing Risk. If the Fund is unable to rebalance its portfolio correctly or in a timely manner, its exposure may not be consistent with its investment objective. This may increase the Fund’s risk exposure and cause its performance to diverge from its intended daily leveraged results.

Intra-Day Investment Risk. The Fund seeks investment results from the close of one trading day to the close of the next. An investor who buys Shares intra-day may receive more or less exposure to the Underlying ETF than the Fund’s stated 2X objective, depending on movements in the Underlying ETF’s share price since the prior close, and may experience returns that differ from that objective.

Liquidity Risk. Some securities or financial instruments held by the Fund may be difficult to sell, particularly during periods of market stress or volatility. Reduced liquidity may make it difficult for the Fund to adjust its exposure or meet its investment objective.

High Portfolio Turnover Risk. Daily rebalancing is expected to result in high portfolio turnover. High portfolio turnover may increase transaction costs, which could reduce the Fund’s returns and potentially result in higher taxable distributions for shareholders.

Non-Diversification Risk. Because the Fund is non-diversified, it may invest a greater percentage of its assets in a single investment, such as the Underlying ETF. As a result, the Fund may be more sensitive to adverse events affecting the Underlying ETF than a diversified fund.

Fixed Income Securities Risk. When the Fund invests in fixed income securities, the value of your investment in the Fund will fluctuate with changes in interest rates.

New Fund Risk. The Fund is a recently organized management investment company with a limited operating history. As a result, there is limited performance history upon which investors can evaluate the Fund.

Market and Economic Risk. Broader economic conditions, interest rates, inflation, geopolitical events, and general market volatility may negatively affect the Underlying ETF and the Fund.

Brokerage commissions may be charged on trades.

Distributed by Foreside Fund Services, LLC.

A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/bde0d3da-a3cf-49e7-800d-b3a174f51ecb 

SOURCE: Defiance ETFs

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

Kioxia Signs Partnership Agreement for the 20th Asian Games and 5th Asian Para Games

 

EXCERIA PRO G2 SSD

TOKYO, June 24 (Bernama-BUSINESS WIRE) -- Kioxia Corporation, a world leader in memory solutions, is pleased to announce the signing of a partnership agreement with the Aichi-Nagoya Asian Games and Asian Para Games Organizing Committee to support both the 20th Asian Games Aichi-Nagoya 2026 and the 5th Asian Para Games Aichi-Nagoya 2026. 

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20260623494433/en/

 

At the 20th Asian Games—Asia's biggest sports competition, returning to Japan for the first time in 32 years—eSports will continue to be featured as an official medal event. Athletes will compete for medals across 11 disciplines and 13 titles. As the Official Gaming SSD provider for the Games, Kioxia will supply its fastest personal SSD, the EXCERIA PRO G2 SSD, ensuring an optimal competitive environment that will allow players to perform at their absolute best.

Guided by its mission of “Uplifting the world with ‘memory’,” Kioxia’s sponsorship of both events underscores its commitment to supporting the continued growth of eSports and helping to realize a more enriched, diverse digital society. 

Partnership Agreement Details

• Sponsorship Tiers:
  • 20th Asian Games: Tier 4 Official Supplier
  • 5th Asian Para Games: Tier 4 Official Supplier

• Contract Period: From June 24 (the date of agreement signature) to December 31, 2026

Games Overview

• 20th Asian Games
  • Dates: September 19 – October 4, 2026 (eSports events: September 23 – October 2, 2026)
  • Location: Aichi Prefecture and its capital city of Nagoya
  • Official Website: https://www.aichi-nagoya2026.org/en/

• 5th Asian Para Games
  • Dates: October 18 – October 24, 2026
  • Location: Aichi Prefecture and its capital city of Nagoya
  • Official Website: https://www.asianparagames-2026.org/en/　

Official Gaming SSD Overview

• Product Name: EXCERIA PRO G2 SSD
• Product Website (Japanese website): https://www.kioxia.com/ja-jp/personal/ssd/exceria-pro-g2.html

Notes

• NVMe is a registered or unregistered mark of NVM Express, Inc. in the United States and other countries.
• PCIe is a registered trademark of PCI-SIG.
• Product images may differ from the actual product.
• Other company names, product names, and service names mentioned may be trademarks of third-party companies.
• This announcement has been prepared to provide information on our business and does not constitute or form part of an offer or invitation to sell or a solicitation of an offer to buy or subscribe for or otherwise acquire any securities in any jurisdiction or an inducement to engage in investment activity nor shall it form the basis of or be relied on in connection with any contract thereof.
• Information in this document, including product prices and specifications, content of services and contact information, is correct on the date of the announcement but is subject to change without prior notice.

About Kioxia

Kioxia is a world leader in memory solutions, dedicated to the development, production and sale of flash memory and solid-state drives (SSDs). In April 2017, its predecessor Toshiba Memory was spun off from Toshiba Corporation, the company that invented NAND flash memory in 1987. Kioxia is committed to uplifting the world with “memory” by offering products, services and systems that create choice for customers and memory-based value for society. Kioxia's innovative 3D flash memory technology, BiCS FLASH™, is shaping the future of storage in high-density applications, including advanced smartphones, PCs, automotive systems, data centers and generative AI systems.

View source version on businesswire.com:
https://www.businesswire.com/news/home/20260623494433/en/ 

Contact 

Kota Yamaji
Public Relations
Kioxia Holdings Corporation
+81-3-6478-2319
kioxia-hd-pr@kioxia.com 

Source : Kioxia Corporation

--BERNAMA

Classico Pokemon Collection: "Stay with Your Favorite Pokemon Everywhere"

 

TOKYO, June 8, 2026 /Kyodo JBN/ --

Classico, Inc., a Japanese medical apparel brand headquartered in Tokyo, launched the highly anticipated #ClassicoPokemonCollection across the Asian region, including Singapore, Malaysia, the Philippines, Hong Kong SAR, Taiwan region and Thailand, on June 4. Following its immense popularity after the initial release in Japan and high demand from international customers, the collection is finally expanding its reach to healthcare professionals across Asia.

Image1: Pokemon Collection
https://cdn.kyodonewsprwire.jp/prwfile/release/M109100/202605299968/_prw_PI1fl_j0lA63u6.jpg

Product Lineup
R53 / R54 Pokemon Scrubs, Tops & Pants (Unisex)

There are four designs released for the scrubs -- Pikachu, the First Partner Pokemon from the Kanto Region (Bulbasaur, Charmander, Squirtle), Eevee and Snorlax. All of the designs feature fabric colors and embroidery inspired by the thematic Pokemon. These details are designed to provide a sense of comfort and approachability to patients during examinations and treatments.

Colors: Pikachu, First Partner Pokemon of Kanto Region (Bulbasaur, Charmander, Squirtle), Eevee, Snorlax
Sizes: XXS / XS / S / M / L / XL (Unisex)
Price: 139 SGD / 469 MYR / 5,690 PHP / 839 HKD / 3,690 THB / 3,490 TWD

Image2: Tops
https://cdn.kyodonewsprwire.jp/prwfile/release/M109100/202605299968/_prw_PI2fl_j6Qjt772.jpg

Image3: Pants
https://cdn.kyodonewsprwire.jp/prwfile/release/M109100/202605299968/_prw_PI3fl_0h9Mc0FQ.jpg

About Classico
Classico is a brand of stylish lab coats designed to boost the confidence of the people who wear them. Using sophisticated tailoring technology, the company strives to create lab coats that are both elegant and highly functional.

About Scrubs Canvas Club
"Scrubs as your canvas. Make it fun." The company believes in turning scrubs into a canvas to bring more joy to the workplace. This collection transforms the daily uniform of healthcare professionals into a medium for art, featuring collaborations that transcend boundaries -- incorporating artists, films, and music to inspire their professional wardrobe.

Official Website: https://classico-global.com/

Source: Classico, Inc.

--BERNAMA

Bering Lab Joins BLOCK71 and Microsoft AI Accelerate Cohort to Expand Multilingual Document Intelligence across Southeast Asia

• The SWITCH 2023 1st Runner-Up graduates from the 10-week AI Accelerate programme, targeting cross-border document intelligence opportunities across Southeast Asia

 
SINGAPORE, June 3 (Bernama-BUSINESS WIRE) -- Bering Lab, a Seoul-headquartered AI company specializing in multilingual document intelligence for regulated industries, said that it has been selected for the AI Accelerate Winter Cohort 2026. This 10-week growth programme is run by BLOCK71 Singapore and Microsoft, with support from Enterprise Singapore through Digital Industry Singapore (DISG).

The programme is designed to help high-potential AI startups build traction, drive revenue, and unlock funding as they scale across Asia. Through AI Accelerate, Bering Lab gains access to Microsoft’s cloud infrastructure and specialist mentorship, BLOCK71’s network of corporate partners and investors, and potential grant funding through the Startup SG Tech scheme.

Bering Lab first gained recognition in Singapore as the 1st Runner-Up at the SWITCH 2023 global startup competition, where it stood out among hundreds of participants for its AI-powered approach to document translation and analysis in regulated sectors. Since then, the company has steadily built its regional presence, establishing entities in Singapore and Hong Kong to serve the growing demand for cross-border document processing.

“Southeast Asia represents one of the most exciting opportunities for multilingual document intelligence,” said Jae Yoon, Co-founder and Co-CEO of Bering Lab. “With ASEAN’s rapidly growing cross-border trade, investment, and regulatory activity, organizations are dealing with an increasing volume of legal, financial, and compliance documents across multiple languages. We believe AI can fundamentally transform how these documents are processed and understood.”

Bering Lab’s flagship platform, BeringAI, goes beyond traditional translation by combining domain-specialized AI models with intelligent document processing capabilities. The platform serves over 240 institutional clients across legal, intellectual property, finance, life sciences, and defense sectors, with on-premise and cloud deployment options that meet the stringent security requirements of regulated industries. The company’s technology has been recognized internationally, winning top honors at WMT 2020 and WAT 2021 machine translation competitions.

Backed by SoftBank Ventures and Naver, Bering Lab is now focused on deepening its footprint in Southeast Asia. The company sees particular opportunity in helping corporate legal teams, financial institutions, and multinational enterprises navigate the complex multilingual landscape of the region, where documents frequently span Thai, Vietnamese, Bahasa, and other local languages alongside English. Through AI Accelerate, Bering Lab aims to deepen product development for Southeast Asian markets and forge partnerships with regional enterprises seeking to streamline their cross-border document workflows.

Building on this momentum, Bering Lab will also participate in Echelon Singapore 2026, taking place at the Suntec Singapore Convention & Exhibition Centre (CEC) on June 3-4. During the event, the company is scheduled to deliver a pitch, showcasing its innovative AI solutions to global investors and potential ecosystem partners.

View source version on businesswire.com:
https://www.businesswire.com/news/home/20260601017866/en/ 

Contact

Bering Lab
JaeYoon Kim
jae@beringlab.com

Source : Bering Lab 

--BERNAMA

JAPAN LIFE INSURERS’ REINSURANCE USE MORE THAN DOUBLED SINCE 2020 - AM BEST

KUALA LUMPUR, June 3 (Bernama) -- Japan’s life insurers have increasingly relied on reinsurance in recent years, with the overall cession rate as a percentage of total gross premium written for the segment rising to more than 24 per cent in 2023 and 2024 from just under 10 per cent in 2020, according to a new AM Best report.

According to Best’s Special Report, “Japan Life Insurers Increase Use of Reinsurance,” the implementation of the Japan Insurance Capital Standard, or J-ICS, at the end of March 2026 has prompted insurers to increase their use of reinsurance as solvency ratios become more sensitive to interest-rate movements, asset-liability mismatches, policy lapses, and longevity and mortality risks.

“Japanese life insurers have been increasingly using asset-intensive reinsurance to transfer investment, longevity, and insurance risks from capital-intensive annuity and long-term life insurance blocks to third-party reinsurers ahead of the implementation of J-ICS.

“The maturity and size of Japan’s life/annuity insurance market make it an attractive opportunity for reinsurers providing asset-intensive reinsurance solutions,” said AM Best senior industry research analyst, Cynthia Ang in a statement.

According to the report, the heightened activity has led to a sharp increase in reinsurance leverage, with the industry aggregate rising to 14.8 per cent at the end of 2024 from 4.8 per cent in 2020. The metric measures reinsurance ceded as a percentage of capital and surplus.

AM Best's analysis showed that Dai-ichi Frontier Life Insurance Co, Prudential Gibraltar Financial Life Insurance, and MetLife Insurance K.K. each recorded reinsurance leverage ratios exceeding 500 per cent in 2024.

While only an estimated one to two per cent of total in-force individual life insurance and annuity business was ceded to reinsurers in fiscal years 2023 and 2024, cessions are expected to increase as asset-intensive and offshore reinsurance become more widely used by Japanese life insurers.

Japan’s Financial Services Agency is tightening oversight of such transactions due to concerns over private equity involvement, asset liquidity, and complex cross-border collateral arrangements, the report said.

-- BERNAMA

RSSB: 3QFY26 NET PROFIT RISES 3.8-FOLD OVER PRECEDING QUARTER ON CONTINUED TURNAROUND INITIATIVES

- Expects growth momentum to pick up pace going into FY27 and beyond, backed by RM600 million indicative construction project pipeline 

KUALA LUMPUR, May 28 (Bernama) -- Main Market-listed property developer and construction service provider, Rivertree STF Synergies Berhad (formerly known as Sinmah Capital Berhad) (“RSSB” or the “Group”), has announced its third quarter (“3QFY26”) and nine-month financial results for the period ended 31 March 2026 (“9MFY26”). Following the change in financial year end from 31 December 2024 to 30 June 2025, there are no comparative figures available for both 3QFY26 and 9MFY26.  

RSSB’s 3QFY26 net profit jumped 3.8-fold to RM1.6 million from RM0.4 million in the preceding quarter (“2QFY26”). This was the fourth successive profitable quarter after having recorded annual losses since 2018. Revenue for the quarter came in at RM8.2 million, mainly attributed to progressive recognition from the Laman Lentera and Bukit Gambir projects, as well as sales of development land under the Property Development segment.  

On a cumulative basis, 9MFY26 net profit was at RM2.3 million on the back of RM27.8 million revenue. As at 31 March 2026, RSSB’s balance sheet is lean with cash holdings of RM17.7 million and zero borrowings.

Executive Director of RSSB, Dato’ Simon David Leong (拿督梁世民) who joined the Board of Directors in October 2025, said, “Under new leadership since late 2025, we are making good progress. From RM252,000 net profit in first quarter of FY26 to RM426,000 in second quarter, and now RM1.628 million in 3QFY26, we are confident to sustain the upward trajectory going forward. Our principal activities of property development and construction services will remain, while we are also diversifying into Centralised Labour Quarters (“CLQ”) management in the near term once we secure the necessary approvals.” 

"Looking ahead, we have a clear pipeline – the construction of four CLQs in the Klang Valley with an aggregate indicative development value of approximately RM600 million encompassing 28,800 beds subject to finalisation of definitive agreements, with Q Centre @ Teratai being first in line. Together with our planned venture into CLQ management, this positions RSSB as a one stop centre for CLQ solutions, offering a comprehensive suite of services spanning design, construction, development, facility management, and workforce-related services, thus delivering value across the full CLQ lifecycle," he added.

RSSB expects to sign definitive agreements with Catenary Capital Sdn Bhd¹ (“Catenary Capital”) and Q Centre Management Sdn Bhd (“QCM”) soon for the development of Q Centre @ Teratai, the first of the four proposed CLQs. Located in Meru, Klang, Q Centre @ Teratai is a 9,000-bed CLQ with an indicative development value of approximately RM171 million.  

To recap, RSSB had on 3 March 2026 entered into Heads of Agreement with Catenary Capital and QCM for the development of up to four CLQ facilities in the Klang Valley. RSSB is the turnkey developer responsible for the full scope of design and construction across the proposed facilities. Upon signing of definitive agreements, the construction of the four proposed CLQs would provide clear earnings visibility to the Group for the next three years. 

RSSB also announced on 19 March 2026 its plan to diversify into CLQ management, encompassing facility management, maintenance, security, compliance monitoring, tenant management and ancillary services such as transportation coordination, laundry services and other value-added offerings. Given the rising need for compliant, purpose-built CLQs in the country, this strategic move will allow the Group to build a stable and growing recurring income stream to complement its project-based revenue. 

“Our growth path is clear and the team is forging forward on all fronts – property development activities from our existing jobs as well as upcoming projects in the Klang Valley; construction of four CLQs with Q Centre @ Teratai being first in line, as well as our planned venture into the management of CLQs. With the pieces all coming together, the next twelve months will be transformative for RSSB,” Dato’ Simon concluded. 

Note: ¹ Catenary Capital is a fund manager duly registered with the Securities Commission Malaysia and one of the fund managers under Kumpulan Wang Persaraan (Diperbadankan) (“KWAP”)’s Dana Pemacu initiative.

About Rivertree STF Synergies Berhad (RSSB) 
Listed on the Main Market of Bursa Malaysia, Rivertree STF Synergies Berhad (formerly known as Sinmah Capital Berhad) adopted its current name effective 3 February 2026. Following the disposal of its entire poultry business in 2022, the Group is now principally involved in residential and commercial property development, as well as provision of construction services. 

Through its wholly-owned subsidiary, RSSB Builders Sdn Bhd, the Group holds a Grade 7 (G7) contractor licence issued by the Construction Industry Development Board (CIDB), which qualifies it to tender for and undertake construction projects of unlimited contract value. The Group is currently involved in property development projects in Melaka, Johor and Selangor, and is expanding its construction portfolio to include turnkey developments of Centralised Labour Quarters in Klang Valley area. 

Bursa stock code: RSSB / 9776 

Released on behalf of Rivertree STF Synergies Berhad by Capital Front Investor Relations. 

SOURCE: Capital Front Investor Relations

FOR MORE INFORMATION, PLEASE CONTACT: 
Name: Dwayne Teng
Email: dwayne@capitalfront.biz

--BERNAMA