Connect with us

Technology

Empowering Malaysia’s future: FWD Insurance and BSN’s Camp Millionaire champions financial literacy

Published

on

Nationwide initiative culminates in a transformative financial education camp, equipping primary school students with essential financial management skills and fostering a financially inclusive Malaysia.

KUALA LUMPUR, Malaysia, Dec. 31, 2024 /PRNewswire/ — FWD Insurance Berhad (“FWD Insurance”) and Bank Simpanan Nasional (“BSN”) have reached a significant milestone in their transformative mission to enhance financial literacy among Malaysia’s youth. Launched on 6 December, the Camp Millionaire programme culminated in a grand finale on 7 December, marking the successful conclusion of the first phase of this nationwide initiative aimed at empowering primary school students with essential financial knowledge and skills.

Camp Millionaire, an advanced financial education camp developed by Little Tauke, brought together 100 participants, selected as top achievers from their respective schools. The programme offered an immersive experience to deepen their understanding of financial management, empowering them to apply their knowledge practically and become ambassadors of financial literacy within their communities.

FWD Insurance and BSN collaborated with Little Tauke, the financial education experts to deliver the “Know Your Money” programme which has already empowered over 1,000 students across 20 schools nationwide, reaching both urban and rural communities.

This initiative underscores FWD Insurance’s unwavering commitment to financial inclusion, aligning with Bank Negara Malaysia’s (BNM) mandate to enhance financial literacy across the nation. By leveraging BSN’s strong school networks and Little Tauke’s educational expertise, the programme imparts crucial financial knowledge to primary school students aged 10 to 12, laying a robust foundation for their future financial well-being.

“FWD is dedicated to empowering individuals with the knowledge and tools they need to thrive and celebrate living,” said Mak See Sen, Chief Executive Officer of FWD Insurance. “This partnership with BSN and Little Tauke exemplifies our forward-thinking approach, where financial literacy is not just a skill but a gateway to a brighter future. Our collaboration with BSN has significantly accelerated our efforts to promote financial literacy among Malaysian youth, building strong momentum towards a financially inclusive future.”

“Financial literacy goes beyond merely learning how to accumulate wealth. It encompasses the ability to make informed decisions about spending, saving, investing, and managing debt. These are essential life skills that have a profound and long-lasting impact on an individual’s financial well-being. By instilling these skills at a young age, we empower the youth to navigate the complexities of the financial world with confidence and responsibility,” he added.

Jay Khairil, Chief Executive of BSN, highlighted the broader impact of this collaboration: “At BSN, our mission is deeply rooted in empowering the rakyat and fostering financial inclusion. We believe that financial literacy is a cornerstone of sustainable development, and that no Malaysian should be left behind in this journey. Through initiatives like Camp Millionaire and the broader Know Your Money programme, we are cultivating a generation equipped with the knowledge and skills to navigate their financial future with confidence. This collaboration reflects our commitment to building a more resilient and inclusive Malaysia, where everyone has the opportunity to thrive.”

The collaboration between FWD Insurance and BSN goes beyond conventional business partnerships, focusing on delivering tangible benefits to Malaysian society. By empowering the next generation with the skills and knowledge to navigate an increasingly complex financial landscape, this partnership underscores a steadfast commitment to building a financially literate and inclusive Malaysia. Through initiatives like Camp Millionaire, FWD Insurance and BSN reaffirm their dedication to shaping a brighter, more resilient future for all Malaysians.

About FWD Insurance Berhad

FWD Insurance Berhad is part of FWD Group, a pan-Asian health and life insurance business with over 12 million customers across 10 markets, including some of the fastest-growing insurance markets in the world. The company was established in 2013 and focused on changing the way people feel about insurance. FWD’s customer-led and digitally enabled approach aims to deliver innovative propositions, easy-to-understand products, and a simpler insurance experience.

About Bank Simpanan Nasional (BSN)

Since its establishment in 1974, Bank Simpanan Nasional (BSN) has been continuously driving positive change in the lives of Malaysians. Guided by its vision of “No Malaysian Left Behind,” BSN offers inclusive and innovative financial solutions to ensure broad access to financial opportunities for all segments of society.

As a key financial institution in the country, BSN is dedicated to fulfilling its mission to enhance financial literacy among Malaysians and build a brighter financial future. With an extensive network, BSN provides a wide range of comprehensive products and services, including savings, financial management, micro and personal financing, as well as Islamic and conventional credit cards.

BSN currently operates more than 387 branches, 40 Micro Finance Centers, 578 Automated Teller Machines (ATMs), 259 Cash Recycling Machines (CRMs), 10 Mobile Bank Branches (CBB), and over 2,282 BSN Bank Agents (EB BSN) nationwide, including in rural and remote areas. With over 9 million customers, BSN continues to lead in financial inclusivity, supporting the country’s economic development agenda.

As of October 2024, BSN manages retail deposits totalling RM21.5 billion, reflecting the trust and confidence of the public in its services. Through a combination of digital technology and a personal touch, BSN continues to bring banking services to every corner of the country, making finance more accessible to everyone.

For more information, visit www.bsn.com.my.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/empowering-malaysias-future-fwd-insurance-and-bsns-camp-millionaire-champions-financial-literacy-302340601.html

SOURCE FWD Insurance Berhad

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Harbin Electric Celebrates Milestone with Fabrication of the World’s Largest Impulse Runner

Published

on

By

HARBIN, China, Jan. 3, 2025 /PRNewswire/ — On December 30, Harbin Electric Corporation (“Harbin Electric”), a global leader in power generation technology, achieved a significant milestone in hydropower technology with the successful welding and manufacturing of the world’s largest single-capacity and largest-sized impulse turbine runner. The engineering feat led to the launch of the globe’s first 500 MW single-capacity impulse hydroelectric generator set at the Zhala Hydropower Station. The achievement marks a major breakthrough in China’s research and development of high-head, large-capacity impulse hydropower units, positioning the country at the forefront of global innovation in this field.

The hydraulic turbine runner functions as the “heart” of the hydroelectric generator unit at the Zhala Hydropower Station, a critical component of Electricity Transmission of China’s Xizang project. It supplies the essential power for the unit to achieve a rated output of 500 megawatts. Under the direction of the project’s owner China Datang Corporation, Harbin Electric Machinery Company (“Machinery Company”) has independently developed the state-of-the-art impulse runner, boasting energy conversion efficiency that meets world-class standards. The runner is constructed with a forge-welded structure that includes one hub forging and 21 bucket forgings, resulting in a post-welding weight of 90.8 tons.

An impulse turbine is a type of hydraulic equipment that utilizes a pressure pipe to channel water flow onto an impulse runner for energy conversion. At the Zhala Hydropower Station, with a design head of 671 meters indicating a significant vertical drop and high pressure, the runner functions as a crucial load-bearing and flow-through component that directly impacts the efficiency of the hydropower unit. Throughout its operation, the runner withstands high-frequency dynamic pressures, which are critical to the unit’s stability and safety. Consequently, the welding and manufacturing requirements for the component are particularly stringent.

As the world’s largest single-capacity impulse turbine runner, this component’s hub forging boasts a diameter of 4.7 meters and a thickness of 1 meter, setting a world record for the largest martensitic stainless steel forging. The runner has a maximum outer diameter of 6.23 meters and a width of 1.34 meters, making it the largest impulse runner in the world. The manufacturing technologies for welding and processing, given the material, shape, and size, are at the forefront of their respective fields. Exploring these techniques involves numerous risk factors and uncertainties, presenting exceptionally high requirements and significant challenges in both welding and manufacturing.

To overcome the welding challenges associated with the manufacturing of the runner, the Machinery Company launched a technical initiative, employing digital simulation technology to investigate die forging techniques for large buckets. The company chose the highly efficient forging and welding manufacturing process due to its exceptional performance. Through 3D metrology and simulation calculations, the assembly and welding process was optimized by identifying the most effective welding parameters. The hub and buckets, crafted from martensitic stainless steel forgings, were joined using high-strength, resilient welds, significantly enhancing the runner’s impact toughness and fatigue resistance.

The Machinery Company formed a specialized runner welding technology team for the Zhala Hydropower Station to address the tough welding requirements of martensitic stainless steel and the intricate, curved structure of the ultra-thick bucket runner. The team performed detailed analysis and research on key welding manufacturing technologies, focusing on welding materials and processes, bucket positioning, welding station setup, welding distortion management and weld quality assurance. Through the process, the team developed a comprehensive suite of welding technology solutions, providing essential technical support for the efficient and high-quality fabrication of the 500 MW impulse runner.

By establishing the Zhala runner welding fabrication team, the Machinery Company deployed highly skilled and experienced welders and craftsmen to handle the welding tasks. At the same time, the company implemented lean management initiatives to ensure quality, maintain progress, and enhance efficiency. The cold work sub-factory, tasked with welding operations, played a crucial role in integrating production with technology. To enhance quality and efficiency, the sub-factory conducted extensive research and discussions on technological approaches and carried out multiple simulations, ensuring the seamless progression of the production process.

Despite the confined operating spaces between the buckets, members of the welding fabrication team effectively addressed several challenges, including high temperatures, the complexities of backhand welding, and the demanding task of cleaning between layers. They employed tungsten inert gas (TIG) welding for deep joints and metal active gas (MAG) welding for other positions, ensuring comprehensive, multi-layer quality control throughout the runner welding manufacturing process. After 107 days and a total of 1,712 hours of dedicated effort, the Machinery Company successfully navigated the challenges of welding the runner for the Zhala Hydropower Station, achieving a manufacturing milestone with the successful creation of the world’s first 500 MW impulse turbine runner.

Through the welding fabrication of the 500 MW runner, the Machinery Company effectively addressed the complex challenge of welding large, thick, low-carbon martensitic stainless steel forgings. The company successfully overcame the challenges of welding complex, curved, ultra-thick buckets, and mastered the critical technologies for manufacturing processes that reinforce surfaces with ultra-high bonding strength. The achievement marks a significant breakthrough in China’s manufacturing technology for electric power equipment. It also represents a key milestone for the Machinery Company in its quest to advance technological innovation, aligning with China’s strategy to accelerate the construction of hydropower facilities in Southwest China. In addition, this accomplishment sets a new benchmark in the sustainable development of the country’s energy equipment manufacturing industry.

The Zhala Hydropower Station, located in Zogong County, Chamdo within the Xizang Autonomous Region, serves as the focal point of the Southeast Xizang Clean Energy Integration Hub and is acknowledged as the world’s most challenging impulse hydropower project currently under construction. It features two 500 MW impulse hydropower units, which are the largest of their kind in terms of single capacity, power output, and technological sophistication. Recognized by the China National Energy Administration as a pioneering project in the country’s energy sector, the Zhala Hydropower Station distinguishes itself as China’s exclusive demonstration project for the development and application of the 500 MW high-head, large-capacity impulse hydropower unit.

The Machinery Company is a leader in China in the research and development of impulse hydropower units. Through decades of technological innovation, the company has perfected a unique design and manufacturing process for these units. Harbin Electric has developed and produced 67 impulse hydropower units for 30 power stations worldwide, including the Dongchuan Hydropower Project in China, the Minas plant in Ecuador, the San Gabá facility in Peru, and the Suki Kinari project in Pakistan. Through its involvement in these projects, the firm has gained expertise in advanced technologies for impulse hydropower units while accumulating extensive practical engineering experience in hydraulic development, model testing, structural design, as well as in the processing, manufacturing, transportation, installation and commissioning of key components.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/harbin-electric-celebrates-milestone-with-fabrication-of-the-worlds-largest-impulse-runner-302341760.html

SOURCE Harbin Electric Corporation

Continue Reading

Technology

P&R Measurement Showcases AI-Empowered Solutions at CES 2025, Transforming the Future of Flexible Manufacturing

Published

on

By

P&R Measurement is set to unveil AI-empowered precision solutions and interactive innovations at CES 2025, showcasing its vision to empower global innovators and drive the future of intelligent manufacturing.

LAS VEGAS, Jan. 3, 2025 /PRNewswire/ — P&R Measurement, a leader in precision measurement and control solutions, is set to make a groundbreaking announcement at CES 2025, taking place from January 7 to 10 in Las Vegas. As the world’s largest consumer electronics event, CES 2025 (Consumer Electronics Show®) will focus on the theme “Dive In,” exploring how the synergy between humanity and next-generation technologies can address global challenges and shape the future.

With its deep expertise in the measurement and control industry, P&R Measurement is poised to unveil its enhanced brand vision: “Empowering everyone to be an innovator.” At CES, the company will showcase its latest advancements in automated solutions, featuring the new AOB (Automated Operation Business) and AEB (Automated Engineering Business) series. These innovative measurement and control solutions, powered by revolutionary technologies, represent the company’s leap forward in precision engineering. As part of its AI & AI Agent Strategy, P&R Measurement’s presentation at CES will not only highlight the company’s exceptional achievements but also introduce its AI-empowered solutions to a global audience. By unveiling a range of advanced products driven by AI technology, the company will highlight new possibilities and open exciting pathways for the future of industrial advancement.

Building on its brand vision of “Empowering everyone to be an innovator”, P&R Measurement continues to drive the integration of cutting-edge AI with sophisticated testing, measurement, and control technology, delivering solutions that span both industrial and everyday applications. Through its commitment to the GD3 (Global Distributed Design and Delivery) Strategy, the company is revolutionizing the business model by leveraging global resources, bridging the gap between consumers and manufacturing endpoints through flexible manufacturing solutions, accelerating the transformation of intelligent manufacturing.

2025 marks a pivotal moment in P&R Measurement’s global brand evolution. The company is positioned to empower innovators across the globe, uniting efforts to build a more advanced and sustainable future. With industrial AI at the heart of its strategy, P&R Measurement is redefining the standards of precision engineering, driving continuous progress of the brand and setting new benchmarks for intelligence, efficiency, and performance within the engineering measurement and control industry.

At CES 2025, P&R Measurement will debut a series of exhibits that align with the latest industry trends, pushing the boundaries of technological innovation. A central feature of the company’s showcase will be PRIME – its AI Agent architecture. PRIME will demonstrate how natural language can seamlessly convert into engineering language, streamlining the design and operation of industrial equipments. Additionally, the company will unveil AI + Industrial Controller/Instrument/Actuator, which enable intuitive communication between natural language and engineering equipment, empowering users to become innovators. 

The company will also introduce a range of pioneering innovations, including:

Flexible manufacturing solutions powered by A2TPSensory testing technology built on the A2S LabDigital intelligence concepts designed with Smart Lab, pushing the envelope of industrial automation

These technologies will offer enhanced value for customers and unlock vast new opportunities for development, while advancing the future of intelligent manufacturing.

In addition to its industrial-focused innovations, P&R Measurement will also present interactive products designed to engage and entertain, breaking traditional boundaries of user interaction. Featured exhibits include:

Roborista: An AI Coffee application combining machine learning, robotics, and precision measurement and control solution, allowing users to enjoy barista-level hand-drip coffee with a simple conversation.PingPong: An interactive experience that combines machine learning, robotics, and measurement and control technologies to simulate real table tennis gameplay. The system allows users to control a variety of lifelike postures and movements, mirroring the authentic positions and actions of players in a real game.

Throughout the exhibition, P&R Measurement will communicate with global ecosystem partners, further cementing its leadership role in industrial measurement and control technologies. Together, the company will lay the foundation for a new industry ecosystem, empowering innovation and transformation on a global scale.

Visit P&R Measurement at CES 2025, January 7–10, 2025, to experience these industry-leading innovations firsthand.

Booth Location: LVCC, South Hall 3, Upper Level, #41068

For more information, visit the P&R Measurement website at
https://prmeasure.com/ 

Follow us on LinkedIn at:
https://www.linkedin.com/company/99343696/admin/page-posts/published/ 

Follow us on X at:
https://x.com/prmeasure  

Follow us on Facebook at:
https://www.facebook.com/profile.php?id=61568656886685 

View original content to download multimedia:https://www.prnewswire.com/news-releases/pr-measurement-showcases-ai-empowered-solutions-at-ces-2025-transforming-the-future-of-flexible-manufacturing-302341764.html

SOURCE P&R Measurement

Continue Reading

Technology

Year-opening Triumph: Arctech Lands a 1.5GW Solar Project Order in the UAE

Published

on

By

ABU DHABI, UAE, Jan. 3, 2025 /PRNewswire/ — Arctech, the world’s leading solar tracking and racking solutions provider, announced that it signed a 1.5GW order of its 1P single-axis solar tracking system SkyLine II with PowerChina for a solar project in Al Ajban, UAE, marking a great start for the company in the Middle East market in 2025.

As a key initiative under “UAE Energy Strategy 2050”, which aims to provide the country with zero-emission clean energy, this 1.5GW Al Ajban Solar PV plant will become one of the largest single-site solar plants worldwide once completed.

Upon completion, this plant is projected to generate green electricity capable of fulfilling the electricity demands of approximately 160,000 households. It is expected to reduce Abu Dhabi’s annual carbon emissions by 2.4 million tons each year, thereby significantly advancing green development and facilitating energy transition in the Middle East.

Since establishing its local operations in 2017, Arctech has expanded to include a service center, an R&D center, two local offices and a manufacturing base in the Middle East. Among which, Arctech’s Jeddah Phase II manufacturing base is currently under construction and will officially enter operation in 2025. Combined with its global supply chain, this expansion will enable Arctech to achieve a local delivery capacity of 15GW.

Up to now, Arctech has established a complete full life cycle service network in the Middle East market, including technical support, supply chain delivery, after-sales service, local operation and maintenance capabilities, and brand marketing strategies. Looking ahead, Arctech is well-positioned to further contribute to UAE’s “Energy Strategy 2050” through its enhanced localization initiatives and comprehensive white-glove services.

About Arctech

Arctech (SSE-STAR:688408) is the world-leading supplier of intelligent solar trackers, fixed-tilt structures, PV cleaning robots and energy storage solutions. Empowered by over 530 patents, Arctech products have been applied in utility-scale and commercial solar PV projects since 2009. It was listed among the top 4 tracker suppliers by IHS Markit and Wood Mackenzie from 2017 to 2020. The company went public on China’s Nasdaq-style STAR market in 2020. As of June 2024, Arctech has supplied over 76 GW of tracking and racking systems to nearly 1,800 PV plants in 40 countries. For more information, please visit https://www.arctechsolar.us/. Follow us on Linkedin, Twitter, Facebook and YouTube.

SOURCE Arctech

Continue Reading

Trending