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Commodities

Philadelphia Energy Solutions to file for bankruptcy

Philadelphia Energy Solutions LLC, the owner of the largest U.S. East Coast oil refining complex, announced to its employees on Sunday that it plans to file for Chapter 11 bankruptcy, according to an internal memo reviewed by Reuters.

Business

Inova Solutions, Inova Care form regional alliance with UCrest

KUALA LUMPUR: Inova Solutions Limited, Inova Care LLC and UCrest Bhd have executed a collaboration agreement to develop and distribute UCrest’s portfolio of innovative and technology-driven health care products and services in North America and Asia on a mass and niche basis using multiple distribution channels.

Business

Silverlake Axis, Intel to jointly develop security solutions

KUALA LUMPUR: Information technology and cyber security solutions provider Silverlake Axis Ltd through its subsidiary, Silverlake MasterSAM Sdn Bhd, is collaborating with global semiconductor industry leader Intel Corp to develop an end-to-end privileged access management (PAM) solutions with hardened security.

Business

Orion IXL to provide fintech solutions for SME Bank's customers

KUALA LUMPUR: Orion IXL Bhd will provide financial technology (fintech) solutions to SME Bank by creating a framework for traditional and alternative credit scores for the bank's customers.

Corporate News

It’s time for O&G players to explore unconventional solutions

KUALA LUMPUR: Oil and gas (O&G) industry players should move into the untapped and uncharted avenues for collaboration and find solutions that effectively harness O&G resources to meet the growing demand for sustainable clean energy.

Analyst Reports

Aker Solutions wins Murphy Sabah Oil job

KUALA LUMPUR: Aker Solutions has secured a contract to provide sub-sea production system for Rotan deepwater natural gas development in Malaysia.

Business

Dassault Systemes to buy Medidata Solutions in US$5.8b deal

PARIS: French technology company Dassault Systemes has agreed to buy Medidata Solutions , a U.S. software company dealing in the sphere of clinical trials, in a record deal for Dassault worth $5.8 billion on an enterprise value basis.

Banking

RHB Bank offers online solutions for SMEs, targets 2,500 more registrations

KUALA LUMPUR: RHB Bank Bhd targets to get 2,500 more registrations in the next 12 months for its SME e-Solution which offers the first total cloud based solutions, as it seeks to provide greater connectivity and efficiency for small and medium enterprises (SMEs).

Corporate News

MASkargo to widen services with Unisys solutions

KUALA LUMPUR: The cargo division of Malaysia Airlines Bhd, MAB Kargo Sdn Bhd (MASkargo), will be using two cloud-based Unisys Digistics digital logistics solutions to make the airline’s cargo services available to a wider market and provide customers with visibility across the shipment lifecycle.

Corporate News

Aturmaju unit to provide RM20mil system solutions

PETALING JAYA: Aturmaju Resources Bhd's unit is teaming up with Yes’ Comm Enterprise Sdn Bhd (YESS) to provide enterprise resources planning (ERP) system integrated solutions (SIS).