Cuatro Services Sdn Bhd announced that it has signed a Service Agreement with X-FAB Sarawak Sdn Bhd at SEMICON South East Asia 2019 which is being held at MITEC, Kuala Lumpur.

THE Service Agreement is for Cuatro Services Sdn Bhd to provide Artificial Intelligence Deep Learning models for picture-based defect classification. This solution will be used in X-FAB’s semiconductor fabrication facility in order to replace manual classification.

By implementing this AI Deep Learning based solution, X-FAB will be able to obtain substantial savings in operation cost and will help in improving the production flow of their wafer production.

Cuatro Services is selected after a thorough evaluation of its Proof of Concept (POC), including its ability to exceed X-FAB’s service level expectation. Cuatro will provide an AI Deep Learning based model which will have a correct classification rate of more than 90%, with a desired rate of more than 95%.

Cuatro Services is a Malaysian company providing Artificial Intelligence solutions for industries like Semiconductor, Telecommunications, Oil & Gas and Agriculture. Cuatro Services’ team consist of local Malaysian AI Scientists and AI Engineers and they have been working round the clock to deliver the solution to X-FAB.

This recognition proves that local talents are capable of producing AI Deep Learning solutions of an international standards. The collaboration is also made possible with the guidance and support received from Malaysian Investment Development Authority (MIDA).

If the expected cost savings are achieved, X-FAB may engage with Cuatro Services in other AI based solutions to be implemented at X-FAB’s worldwide production facilities located in Germany, France and the United States of America.

The oil and gas industry is known to be a tough, challenging and gruelling sector and is literally dominated by men.

BUT not many know that behind the scenes, the industry is also thriving due to the numerous contributions of several gutsy women.

Although the women are not in the oil fields or the oil platforms carrying out back breaking work, their contributions at the boardroom to chart the direction of their respective firms are equally important with the men who slug it out in the open seas under the scorching sun.

Here are some of the courageous ladies who are the unsung heroes who also play an important role in building the country’s oil and gas sector.

Petronas Human Resource Chief, Dato’ Raiha Azni Abd Rahman

Petronas Senior Vice President Group Human Resource Management, Dato’ Raiha Azni Abd Rahman is a rose among thorns.

She is the only woman on Petronas management team but that does not deter her. Her contribution towards Petronas for the past 34 years cannot be stressed enough.

Raiha Azni looks after the livelihoods of 50,000 Petronas employees all over the world and that is not a walk in the park.

At a recent gathering of women leaders in Kuala Lumpur, Raiha Azni said the oil and gas industry used to be a man’s world. Well, not anymore.

She said more and more women are being groomed to become future leaders of the national oil company.

Raiha Azni has been in Petronas Human Resource Management fraternity for 34 years, assuming her current position in 2014.

Prior to this, she served as Vice President of Group Human Resource Management Division in 2012. She has held various leadership positions in Petronas Exploration and Production Business, Petronas Carigali Sdn Bhd, Petronas Gas Bhd and Malaysian International Trading Corporation Sdn Bhd.

Sapura Energy Berhad’s Chow Mei Mei

Chow Mei Mei was appointed as Sapura Energy Berhad’s Senior Vice President, Financial Advisory and Portfolio Planning ever since May 2012.

Prior to this, she held the position of Senior Vice President Group Strategy and Finance Division in 2015.

She had also served Sapura Energy as its Senior Vice President, Group Strategy and Business Planning Division from 2012 to 2015.

She was also Executive Director of Group Treasury and Corporate Finance at Sapura Holdings Sdn Bhd as well as Director of Treasury and Corporate Finance at SapuraCrest Petroleum.

Chow holds a Bachelor of Arts (Honors) in Business Studies, University of South Wales UK.
She is also a member of the Institute of Chartered Accountants in England and Wales and Member of the Chartered Institute of Marketing, United Kingdom.

Hibiscus Petroleum’s Catherine Chow

Catherine Chow who is Hibiscus Vice President Treasury holds a Bachelor of Economics degree from the National University of Malaysia and a Masters of Business Administration degree majoring in Finance and Islamic Banking from the International Islamic University of Malaysia.

Catherine brings to the company 27 years of working knowledge in the finance services sector covering both sell and buy side of the industry, of which 11 years are in corporate treasury which includes corporate risk management, cashflow management, hedging program, credit management, and capital management initiatives.

During the past 5 years, she was actively involved in cross-border financing activities for a wide range of project-based and corporate-based financing, along with credit and bank relationship management.

Sapura Energy Berhad’s Datin Paduka Kartini Haji Abdul Manaf

Datin Paduka Kartini was appointed to the board of Sapura Energy Berhad as its Non-Independent and Non-Executive Director on April 2019.

Kartini started her career with Permodalan Nasional Berhad in March 1983 and is presently Sapura’s Deputy President, Strategic Investment.

In her career of over 30 years at PNB she has served in varios capacities and has been involved in various aspects of investment management and corporate finance including mergers and acqusitions, corporate restructuring, portfolio management, property investment as well as business development.

She holds a Master of Business Admistration and Bachelor of Business Administration, both from Ohio University, United States.

Dialog Group Berhad’s Evelyn Ho

Evelyn Ho is the Chief Executive Officer of Dialog Digital Ventures, Head of Digital Technology, as well as, Acting Head of Group Corporate Communications.

She joined Dialog in 2000 as Chief Planning Officer and was previously Head of Retail Petroleum and Director of Corporate Development in January 2004 and August 2007 respectively.

She holds a Master of Business Administration and a Bachelor Degree in Corporate Finance from University of North Texas, USA.

She has more than 26 years of working experience in the development of macro strategies and risk management.

Hostel Hunting, an innovative room rent solutions proptech company launched an insurance policy called HH Protect that covers homeowners.

THE insurance policy is enabled by PolicyStreet, an InsurTech firm in Malaysia, and underwritten by Allianz General Insurance Company (Malaysia) Berhad (Allianz General), the largest general insurer in Malaysia.

Allianz General’s Head of Digital Partnerships and Innovation, Michael Fong said: “As insurers, our focus is on finding ways to best deliver customer-focused products and services and making them attractive to our customers.

“While partnerships like this allow us to get creative with how we position insurance in the market, these collaborations are ultimately about the customer. We are very pleased to be working together to be able to better serve, protect and put our customer’s worries to rest.”

Wen Khai, the Chief Executive Officer of Hostel Hunting, commented “As we continue to uplift our customer experience, owners who subscribed to HH+ now can enjoy hassle-free rental guarantees.

On top of that, we are providing HH Protect where all units are insured by Allianz General and managed by HH+. This collaboration between Hostel Hunting, PolicyStreet and Allianz General is a step in the right direction for our community, with customer-focused as our utmost value.

The insurance policy under HH Protect encompasses two ways to insure the contents of an owner’s home. Owners may insure their home content on the first loss basis coupled with malicious damage up to RM12,000. Through HH Protect, HH+ owners, collectively, are covered up to RM12 million coverage from Allianz General.

“We are excited to be partnering with Hostel Hunting and protecting its customers with the right insurance product. At PolicyStreet, we customise our solutions to meet the growing demands of consumers and businesses today by continuously making insurance simple,” said Lee Yen Ming, Chief Executive Officer of PolicyStreet.

Owners who engage Hostel Hunting to rent their property will receive free insurance coverage from HH Protect. This insurance coverage covers household goods and personal effects belonging to the homeowner or family member, contained in the private property.

Among other HH Protect benefits included are coverage for furniture, electrical appliances, jewellery, breakage to mirrors and death compensation.

About Hostel Hunting

Hostel Hunting is a proptech company which offers room rent solutions. In the early 2018, moved from a marketplace to a hospitality company that offer long-term rental to form HH+ where all the units/rooms are fully-furnished with housekeeping and home maintenance, and owners are guaranteed monthly rental with hassle-free operation

Malaysia-based international offshore energy facilities and services provider Bumi Armada Berhad (Bumi Armada) announced that its joint-venture (“JV”) company Shapoorji Pallonji Bumi Armada Godavari Private Limited (SPBAG) has received a Notification of Award (NOA) from India’s state-owned oil company Oil and Natural Gas Corporation Limited (ONGC) for the charter hire and operations of a Floating Production, Storage and Offloading Vessel (“FPSO”) (collectively referred to as “the Contract”).

SPBAG is a 30:70 joint venture between Bumi Armada and Shapoorji Pallonji Oil & Gas Private Limited of India (“SPOGPL”).

The FPSO will operate in the ONGC NELP Block DWN 98/2 Development Cluster-II field, located off the west coast of Kakinada, India. The Contract is for a fixed period of nine (9)
years, valued at approximately USD2.1 billion (approximately RM8.8 billion).

ONGC has the option to extend the Contract for up to seven (7) years, on an annual basis and if fully exercised, the extensions would be worth approximately USD655 million (approximately RM2.7 billion).

Commenting on the NOA, Harland, Executive Director and Chief Executive Officer, said, “This is a very positive result for Bumi Armada. We are extremely proud that our JV with SPOGPL has been awarded our third FPSO project with ONGC.

The JV with SPOGPL has been a very successful partnership, this being our third FPSO project together in India and fourth in total. I would like to personally thank everyone involved in securing this project.

This is a positive result for the Group and the project will add value to Bumi Armada going forward.”