Tag: Information Technology
Malaysian banks rating intact despite US bank failures – RAM Ratings
RAM Ratings assesses that Malaysian banks maintain strong credit profiles despite Silicon Valley Bank's collapse. Domestic commercial banks demonstrate robust lending practices, with less than 25% of assets invested in bonds, indicating lower risk compared to US counterparts.
Silicon Valley Bank (SVB) Financial seeks bankruptcy protection as banking turmoil persists
Silicon Valley Bank (SVB) Financial Group filed for Chapter 11 bankruptcy protection after its subsidiary was seized by US regulators. The move follows the bank's collapse, which marks the largest banking failure since Washington Mutual in 2008. Market uncertainty continues as major bank stocks experience declines.
Silicon Valley Bank SVB run exposes rifts in venture capital world
SAN FRANCISCO: The failure of Silicon Valley Bank (SVB) has exposed differences within the typically close-knit venture capital (VC) industry. With some investors blaming...
TM, ZTE Malaysia team up to build hybrid cloud 5G core network
Telekom Malaysia and ZTE Malaysia announce strategic collaboration to build a hybrid cloud 5G core network. The three-year partnership focuses on innovative technologies like software-defined networking, hardware acceleration, and advanced data transfer methods, potentially revolutionizing future technological applications.
South Korea chip inventory climbs the fastest in 27 years
South Korea's semiconductor inventory rose 28% in January, marking the fastest increase since 1996. With chips comprising 12% of exports, the surge highlights a prolonged tech recession dampening economic growth. Global demand downturn and geopolitical tensions further complicate recovery prospects.
EV-related stocks advance after Tesla gets approval to import electric vehicles into Malaysia
Tesla receives Malaysian approval to import electric vehicles, triggering a stock market surge. EV-related companies like KESM Industries, Pentamaster, and Genetec Technology see significant share price increases, reflecting market excitement about Tesla's strategic expansion into Malaysia.[100 words]
