GEN Z MORE LIKELY TO ENGAGE IN UNETHICAL CONDUCT IN WORKPLACE - RESEARCH

 

KUALA LUMPUR, May 14 (Bernama) -- A new report by LRN Corporation revealed significant challenges in workplace ethics, with nearly a quarter (23 per cent) of employees worldwide agreed that “it is OK to break the rules if needed to get the job done” and 14 per cent admitted to had actually “engaged in behaviour that violated their company’s Code of Conduct or standards” in the past year.

The report also found that 22 per cent of Gen Z respondents engaged in unethical conduct in the past year in the workplace, compared with just nine per cent of Boomers.

A leader in ethics and compliance (E&C) solutions, LRN Corporation in a statement said the results suggested an inverse trend between this mindset and age, with Gen Z 2.5 times more likely to agree with breaking the rules than Boomers.

The research found that companies with strong ethical cultures have lower rates of observed misconduct and report their observation at a rate 1.5 times higher than those in companies with weak cultures (93 per cent compared to 63 per cent).

Globally, one-third (33 per cent) of respondents had observed misconduct or unethical behaviour in the past year, with harassment, discrimination, conflicts of interest, and employee health and safety violations cited most frequently.

Of those, one-fifth (21 per cent) did not report their observation because they did not think their company would do anything about their concern (36 per cent) or handle it effectively (30 per cent), or because they feared retaliation (36 per cent). These trends overwhelmingly signal a lack of trust in the system of procedural justice within the organisation.

The research also probed employees’ perceptions of artificial intelligence (AI) and its place in work and on careers, while a slight majority believe AI will have a positive impact, employees who view their companies as adaptive and resilient are nearly two times more receptive to the potential benefits of AI in their workplace and career opportunities.

The report also uncovered several other notable findings include a large majority (79 per cent) of employees who observed misconduct reported their observation, with most raising their concern to either their direct manager or another manager in the company (77 per cent combined).

In addition, the research highlighted that psychological safety was the greatest predictor of whether employees would report misconduct they had observed; and hybrid employees have more positive perceptions of their company’s ethical culture than their fully in-office peers.

The findings are included in the company’s latest Benchmark of Ethical Culture Report, which is based on a comprehensive survey of more than 8,500 employees at major organisations and corporations in 15 different countries, and from 13 different industries.

-- BERNAMA

AM BEST TO SHARE INSIGHTS ON PHILIPPINE INSURANCE MARKET AT MANILA SUMMIT

KUALA LUMPUR, May 6 (Bernama) -- Global credit rating agency, AM Best will be providing key insights on the Philippine insurance market at the Philippine Insurance Summit 2024 taking place on May 30, at the New World Makati Hotel in Manila.

In a statement, AM Best said its Financial Analyst Susan Tan will provide a market segment outlook report for the Philippines and discuss its insurance segment during a presentation at the summit.

A Singapore-based analyst for the credit rating agency, Tan oversees a portfolio of rated insurers that operate in the Asia Pacific region.

Its Asia Pacific Chief Executive Officer and Managing Director, Rob Curtis will also be in attendance. Also based in Singapore, Curtis is responsible for AM Best’s strategic market development for the region.

With the theme "Navigating the Future: Trends, Technology, and Transformation in the Rapidly Evolving Landscape of Insurance,” the daylong event will explore emerging trends, challenges, and opportunities shaping the future of insurance.

The insurance summit is a collaboration between the Insurance Institute for Asia and the Pacific (IIAP) and the Philippine Insurers & Reinsurers Association (PIRA).

-- BERNAMA

AZUL INTELLIGENCE CLOUD BOOSTS DEVOPS EFFICIENCY WITH INSIGHTS FROM PRODUCTION RUNTIME DATA ACROSS ENTIRE JAVA ESTATES

Powerful DevOps analytics solution now supports Oracle JDK and any OpenJDK-based distribution

SUNNYVALE, Calif., May 2 (Bernama-BUSINESS WIRE) -- Azul, the only company 100% focused on Java, today announced that Azul Intelligence Cloud, Azul’s cloud analytics solution which provides actionable intelligence from production Java runtime data to dramatically boost developer productivity, now supports Oracle JDK and any OpenJDK-based JVM (Java Virtual Machine) from any vendor or distribution.

Businesses are under pressure to accelerate application innovation cycles and optimize their development resources, while simultaneously ensuring the security of their applications and customer data. Azul’s Intelligence Cloud consists of two services which address these challenges for Java applications running in production:

· Azul Vulnerability Detection, to eliminate false positives by accurately identifying and prioritizing known security vulnerabilities; and
· Code Inventory, to help identify unused and dead code by precisely detailing what custom and third-party code is actually run.
 
“We clearly see the benefit that Azul Intelligence Cloud delivers to our customers by helping their DevOps teams save an immense amount of time and increasing their productivity,” said Ed Tybursky, managing partner at Remend, an independent Oracle advisory firm. “The ability to efficiently triage vulnerable code and identify unused code for removal from telemetry across an entire Java estate, regardless of JDK distribution or vendor, is a crucial capability that enables DevOps teams to effectively focus their time and attention.”

“Enterprise IT teams need accurate, unified insights they can put into action to improve efficiency and control costs,” said Jevin Jensen, IDC research vice president, Intelligent CloudOps. “A solution that can reduce false positives found in most vulnerability scanning enables DevOps, SRE and CloudOps teams to focus on the actual Common Vulnerability and Exposures (CVEs) that are executed by production applications. By avoiding code paths that are never executed, teams can move faster and reduce remediation costs.” 

http://mrem.bernama.com/viewsm.php?idm=48500

YAMATO HOLDINGS FREIGHT SERVICE BETWEEN SOUTHEAST ASIA, EUROPE TO REDUCE TRANSIT TIME

KUALA LUMPUR, May 2 (Bernama) -- Tokyo-headquartered Yamato Holdings Co Ltd has launched an international multimodal transport service by truck and rail connecting Southeast Asia and Europe on May 1.

The service was introduced to build a resilient global supply chain between Southeast Asia and Europe, in which the new transportation option offers seamless connectivity for the customers.

According to a statement, Yamato Holdings has helped customers build their global supply chains across 24 countries and regions.

In addition, its group company, Overland Total Logistic Services (M) Sdn Bhd in Malaysia has been providing cross-border truck transport services utilising container trailers between Southeast Asian countries and China since 2001.

Moving forward, the company will continue to propose solutions that optimise the customers' entire global supply chains, aiming for total logistics cost reduction, production efficiency improvement, and environmental impact reduction.

By utilising Overland Total Logistic Services' truck transport network for the Southeast Asia-China segment and partnering with rail service providers for the China-Europe segment, Yamato Holdings will provide seamless transportation through the delivery destinations.

This solution has shorter transit times than maritime transport via the Cape of Good Hope, and lower cost and less greenhouse gas emissions than air transport.

-- BERNAMA

DACTA, HEIMDAL TEAM UP TO EXPAND APAC'S ADVANCED CYBERSECURITY SOLUTIONS

KUALA LUMPUR, April 30 (Bernama) -- A cybersecurity solutions provider, DACTA and Heimdal have forged a strategic partnership, aimed at bringing Heimdal's advanced cybersecurity solutions to the Asia Pacific (APAC) region.

According to a statement, this collaboration represents a key initiative in DACTA's plans to expand its presence and offerings in APAC, while exploring potential business expansion opportunities for both companies.

“Our collaboration with Heimdal marks a strategic step towards enhancing cybersecurity resilience in the APAC region.

“We are excited to bring Heimdal's world-class solutions to our markets and look forward to exploring further avenues for innovation and growth together,” said DACTA Chief Executive Officer (CEO), Dr Benjamin Xie.

Meanwhile, Heimdal CEO, Morten Kjaersgaard said this partnership represents an important opportunity for the company to expand its global footprint and is confident that DACTA's expertise in the APAC market will be instrumental in bringing its advanced cybersecurity solutions to a wider audience.

This alliance will leverage DACTA's established network and market insights in the APAC region to introduce Heimdal's state-of-the-art cybersecurity solutions, with the primary goal to address the growing demand for robust digital protection in one of the fastest-growing markets for cybersecurity services.

By bringing Heimdal's solutions to APAC, DACTA aims to offer a new level of security effectiveness and operational efficiency to businesses and government agencies in the region, which aligns with the rising need for advanced cybersecurity measures in the face of evolving digital threats.

The partnership extends beyond the immediate distribution of solutions with both companies committed to exploring further business expansion opportunities, potentially leading to the development of new market strategies and collaborations in cybersecurity innovation.

Furthermore, this strategic alliance is set to make a significant impact in the APAC cybersecurity landscape, demonstrating both DACTA's and Heimdal's commitment to providing top-tier digital protection and exploring new frontiers in cybersecurity.

-- BERNAMA

SENTORIA SECURES HUGE SHAREHOLDERS' CONFIDENCE - REDEEMABLE CONVERTIBLE BONDS (RCB) APPROVED IN EGM

^{Datuk Dr. Ras Adiba binti Mohd Radzi Chairman, Sentoria Group Berhad and Dato' Loh Yuen Tuck, CEO of the Group after Sentoria's extraordinary general meeting which gave solid support to RCB's proposal.​}



KUALA LUMPUR, April 30 (Bernama) -- Sentoria Group Berhad ("Sentoria") achieved a significant milestone last Thursday with the successful convening of its Extraordinary General Meeting (EGM), a crucial step forward in the company’s pursuit of financial revitalisation. The virtual EGM gathering witnessed strong participation from Sentoria's esteemed shareholders including the State Investment Agencies of Pahang, demonstrating their steadfast commitment to the company's future strategic direction.
 
Led by Sentoria’s Chairman, Datuk Ras Adiba Radzi, and attended by all board members, the EGM focused on securing shareholders’ mandate for Sentoria’s Redeemable Convertible Bond (RCB) issuance to be undertaken together with a Shares Consolidation exercise. The overwhelming support received almost 99.9% support of eligible registered shareholders, including full backing from the Pahang State Investment arm, who is the second largest shareholder, represented a resounding vote of confidence in Sentoria's rejuvenation efforts.
 
Following Bursa Malaysia's conditional approval last month, contingent on shareholders’ endorsement, today’s successful resolution propels Sentoria forward to initiate its first issuance of the three-tranche structured RCB, in compliance with regulatory standards.
 
Dato’ Loh Yuen Tuck, the Group’s CEO, expressed his heartfelt gratitude for the muchawaited approval of the RCB proposal. “We are amidst a massive and significant corporate turnaround. The RCB plays a critical role in reviving SGB cash-flows, honour its commitment to banks, expedite the completion of housing projects in Morib Bay, Selangor and rejuvenation of its theme parks through strategic partnerships. The RCB approval enables Sentoria to honour its commitment to buyers of Sentoria homes, deal with legacy issues arising from outstanding loans from banks, finance new projects in Morib, revive its theme-park operations in Gambang Pahang and Samariang Sarawak, thus enhancing property values, delivering sustainable returns to shareholders and fair return to banks supporting SGB,” remarked Dato’ Loh.
 
The RCB issuance, complemented by a share consolidation exercise of four to one, underscores Sentoria’s commitment to financial flexibility and disciplined management. The RCB is a convertible bond issued by Sentoria to raise funds from the (capital) market which has already been fully subscribed. Upon this share consolidation exercise, the RCB is  issued to an identified Subscriber of RCB, namely Triton Capital VCC Singapore, which the principal advisers have structured that the RCB is convertible to a maximum new ordinary share of 306, 690, 544. These new converted SGB shares are in addition to the Sentoria’s consolidated shares of 155, 744, 497 (including treasury shares). The infusion of RM 150 million funds will support development initiatives, improve cash flows, reduce bank borrowings and bolster working capital, all vital components of Sentoria's strategic turnaround.
 
Datuk Ras Adiba Radzi, Chairman of Sentoria's Board of Directors, reaffirmed the new Management Team's commitment to integrity and transparency in utilising RCB funds, underscoring Sentoria's dedication to realising its full potential and creating value for stakeholders. “Sentoria remains steadfast in honouring the trust placed in us by our esteemed shareholders and bankers. Our new leadership and team are fully dedicated to implementing RCB to the best of our ability as we endeavour to build a better tomorrow,” affirmed Datuk Ras Adiba. 
 
The new team extends their gratitude for the continued support from shareholders, partners, suppliers, bankers, and stakeholders, emphasising the pivotal role of ongoing collaboration in achieving Sentoria's turnaround goals.          
 
About Sentoria Group Berhad
 
Sentoria Group Berhad is a leading property development and investment company based in Malaysia, dedicated to delivering affordable, innovative and sustainable solutions. The company’s journey began in 2000, where they transformed from a contractor into a pioneer in providing quality, affordable housing solutions. With a focus on creating vibrant communities and enriching lives, Sentoria remains committed to driving long-term value for all stakeholders. Visit www.sentoria.com.my for more information.
 
Build a Better Tomorrow 


SOURCE : Sentoria Group Berhad

ALTY ORTHOPAEDIC HOSPITAL INKS PARTNERSHIP WITH ORION TOWER TO EXTEND ORTHOPAEDIC CARE TO RESIDENTS

 

^{Mr Anwar Anis, Executive Director of ALTY Orthopaedic Hospital and Mr Thomas Ling, Executive Director Of Orion Tower Sdn Bhd sign the MoU to commence the partnership.}


KUALA LUMPUR, April 30 (Bernama) -- ALTY Orthopaedic Hospital (ALTY), one of Malaysia’s first single-specialty comprehensive orthopedic hospitals, has signed a Memorandum of Understanding (MoU) with luxury property developer, Orion Tower Sdn Bhd to offer exclusive orthopaedic healthcare services to its residents at the Orion Residence KL. 
 
Through the partnership, ALTY will be offering a range of exclusive services consisting of bone health screening and general health screening, along with various value-added services for Orion Residence such as shuttle services, interpreter services, medical-related VISA extension services, and telehealth consultations.
 
Starting 1^st May 2024, residents of the upcoming Orion Residence will get to these services starting March 2025 at the hospital, located less than 10 minutes away from the residences.
 
Located in Bukit Bintang, Orion Residence KL is the latest ultra luxury development launched by property developer Orion Tower Sdn Bhd, with the 46-floor residency conveniently situated between Jalan Gading and Jalan Palmer.
 
“This partnership marks a new milestone not only for both parties but also the enhancement of orthopaedic care for individuals in Malaysia. ALTY is committed to providing the best orthopaedic care in Malaysia and the region, and through partnerships such as these, we continue to impact more lives,” said Anwar Anis, Executive Director, ALTY Orthopaedic Hospital.
 
“At Orion Tower, we want to provide our residents with ample support towards preemptive healthcare. Many people also neglect bone health as they have the belief that bones, being one of the hardest components in our body, will always be strong forever. That is a wrong perception. Bones do deteriorate over time as do our body muscles, organs and cells. 
 
That is why we collaborate with ALTY to provide VIP health screening packages which also includes bone health screening to our residents.  Afterall, what’s wealth without health? Nobody will want to travel the world in a wheelchair,” said Mr Thomas Ling, Executive Director of Orion Tower Sdn Bhd.

This collaboration will be fully utilised starting early May 2024. Currently, almost 90 out of 298 units at Orion Residence have been sold, with the majority of buyers coming from China, Taiwan, Indonesia, and Hong Kong.
 
The partnership between Orion Tower and ALTY Orthopaedic Hospital is part of a rising trend of property developers and healthcare providers collaborating to provide value-added features and services to residents with a priority on their health.
 
ALTY Orthopaedic Hospital, launched in July 2022, offers comprehensive orthopaedic services through its joint and spine clinics, in-house physiotherapy services, podiatry, general and bone health screenings as well as state-of-the-art imaging services.
 
 
About ALTY Orthopaedic Hospital
ALTY (‘Adding Life to Years’) Orthopaedic Hospital, formerly known as HSC Medical Center is your one-stop specialist centre providing you and your loved ones comprehensive modern care on all orthopaedic and musculoskeletal conditions.
 
As a holistic, premier orthopaedic hospital, we specialise in surgical and non-surgical treatments, offering cutting edge solutions through our Spine and Joint Clinics. With contemporary facilities and state-of-the-art equipment, patient well-being and recovery is at the heart of what we do. 
 
Our dedicated team of renowned orthopaedic specialists with decades of experience in practice as well as other highly trained healthcare professionals including physicians, nurses and other support staff aim to provide an exceptional standard of personal and professional care to patients.
 
#ALTYortho #feelitinyourbones #AddingLifeToYears
 
For more information, visit https://www.altyortho.com/
 
 
About Orion Tower
 
At Orion Tower, our passion is not just about delivering developments, it is about transforming the waypeople live. Our goal is to set a new benchmark for a community where comfort, technology and sustainability live in harmony. We understand that our customers’ needs are constantly evolving, and we are dedicated to delivering developments that are responsive to these rapid-changing needs.
 
We are not just a builder real estate developer ; we are committed to creating true value for our customers and contributing to the growth of our society. By pushing the boundaries of traditional developments and integrating modern designs and technology, we aim to set a new standard for future living. 


SOURCE : ALTY Orthopaedic Hospital