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Korea Herald
3 days ago
- Business
- Korea Herald
From Indonesia to Malaysia: Elitery Accelerates Regional Expansion with Local Partnership in Malaysia
JAKARTA, Indonesia, July 16, 2025 /PRNewswire/ -- PT Data Sinergitama Jaya Tbk (Elitery), a leading provider of Managed IT Services in Indonesia, has officially announced its business expansion into Malaysia through the establishment of a new entity, Elitery Global Technology Sdn. Bhd. This expansion is part of Elitery's global growth strategy to strengthen its competitive edge and business resilience amid a rapidly evolving technology landscape. As an initial step, Elitery Global Technology Sdn. Bhd. has entered into a strategic partnership with Iloken System Sdn. Bhd., a Malaysia-based technology company with a strong track record in digital solutions and systems integration. "Our expansion into Malaysia through our subsidiary, Elitery Global Technology Sdn. Bhd., marks a strategic move to penetrate the regional market and accelerate global growth. Through the acquisition of Iloken System Sdn. Bhd., we have secured a local partner with highly competent talent, a proven business track record, and relevant experience in delivering critical digital infrastructure projects in Malaysia," said Kresna Adiprawira, President Director of Elitery. According to Kresna, Elitery's decision to acquire rather than build from the ground up was driven by the strategic advantages Iloken System brings. Iloken System already has a solid operational foundation and significant potential for joint growth. The company has successfully developed emergency response systems (line one emergency system) and flood warning systems in Malaysia, along with a strong portfolio of recurring clients. The decision to expand into Malaysia was based on strategic analysis of the country's market potential and its digital ecosystem readiness. Malaysia is currently experiencing rapid growth in the fields of cloud computing, artificial intelligence (AI), and cyber security. According to the report Gartner: Information Security, Worldwide Forecast, 1Q25 Update, Malaysia's spending on information security is projected to increase by 84% between 2023 and 2029, driven by escalating digital threats and nationwide transformation initiatives. Meanwhile, the public cloud market is expected to reach USD 2.82 billion by 2025. In addition, Statista Market Insights: Generative AI – Malaysia (2024) projects that the generative AI market in Malaysia will grow at a compound annual growth rate (CAGR) of 36.98% from 2025 to 2031, starting at an estimated USD 333 million. This momentum is no coincidence. Leading global technology companies such as Google, AWS, Oracle, and Microsoft have committed multi-billion-dollar investments in Malaysia, establishing data centers, public cloud infrastructure, and AI capabilities. With progressive digital policies and attractive investment incentives from the government, Malaysia is rapidly positioning itself as a strategic hub for digital transformation in Southeast Asia. At the same time, the growing demand for reliable technology partners has become increasingly crucial. Local institutions and industries in Malaysia are actively looking for digital transformation partners with strong expertise in cloud systems integration, IT automation, and data protection. Elitery sees this as a strategic opportunity to bring significant value, leveraging its proven track record in the Indonesian market. "We believe this marks the beginning of a new chapter for Elitery, transitioning from a national leader into a regional enabler of digital change. With collaboration and innovation at our core, we are committed to supporting Southeast Asia's digital transformation journey. " Kresna concluded. About Elitery: Elitery (PT. Data Sinergitama Jaya Tbk) is an IT managed services company specializing in information technology, particularly in cloud technology. With over 14 years of experience, we are committed to delivering excellent services to our clients. Backed by a solid reputation, Elitery is trusted by global cloud service providers such as Google Cloud as a go-to-market partner in Indonesia. Since 2011, Elitery has handled numerous mission-critical systems accessed by tens of millions of users daily. Our clientele spans various sectors, both private and public. With our proven experience and capabilities, we are confident in our ability to serve as a reliable partner for your organization's digital transformation journey. In both 2023 and 2024, Elitery was honored with the prestigious Public Sector Partner of the Year – Asia Pacific award from Google Cloud for two consecutive years. In 2024, Elitery also officially joined the Google Cloud Managed Security Services Provider (MSSP) initiative marking a strategic move to enhance our cybersecurity services. Throughout 2024, Elitery achieved several other significant milestones, including receiving the Indonesia Best CX-EX Strategy Award 2024 from SWA, and being recognized as a Great Place to Work (GPTW) 2024, reflecting our commitment to strong governance and an inclusive, collaborative work environment.
Yahoo
10-07-2025
- Business
- Yahoo
E-Commerce Today - E-Commerce's Expanding Role Amid Industry Shifts And Inflation
FTI Consulting's 2025 U.S. Online Retail Report projects significant growth in e-commerce sales, reaching $1.27 trillion, marking an 8.5% increase over the previous year. Despite this growth, the report suggests that the online retail market share might be nearing its peak, with e-commerce expected to comprise 23.5% of the U.S. retail market in 2025. The analysis highlights that while there was a notable increase in retail sales post-COVID, much of it was driven by inflation rather than real growth. Additionally, the report emphasizes an industry shift as brands increasingly form retail partnerships, moving beyond direct-to-consumer models to better integrate online and offline shopping experiences. In other trading, was a standout up 10.1% and ending the day at CN¥6.00. For a deep dive into E-Commerce innovations and opportunities, catch our latest Market Insights article exploring key automation trends revolutionizing the sector. Don't miss out! settled at $222.54 up 1.4%. On Wednesday, AWS expanded its relationship with VideoAmp to enhance privacy-oriented, cross-platform measurement solutions via AWS Clean Rooms. finished trading at $373.38 down 2.3%. This week, the company partnered with the Premier League to enhance fan engagement with AI-powered personalised digital experiences. closed at $103.83 down 3.9%. Amazon's strategic expansion in AI-driven AWS and advertising sectors signals imminent growth potential. Discover the detailed narrative driving these opportunities. Access the full spectrum of 262 E-Commerce Stocks including Wayfair, Shift4 Payments and Beijing Shiji Information Technology by clicking on this link. Interested In Other Possibilities? Outshine the giants: these 21 early-stage AI stocks could fund your retirement. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sources: Simply Wall St "FTI Consulting Report: An Endgame for the Epic E-Commerce Era Is Within Sight" from FTI Consulting, Inc. on GlobeNewswire (published 07 July 2025) Companies discussed in this article include SZSE:002640 NasdaqGS:AMZN NasdaqGS:ADBE NYSE:BABA and OTCPK:MALG. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
18-06-2025
- Business
- Yahoo
Latest News In Energy Transition - Renewable Surge Revolutionizing Global Energy Investments and Capacity
Renewable energy is experiencing significant growth driven by technological advancements, supportive policies, and a global push for sustainability. Solar photovoltaic (PV) and wind energy, both onshore and offshore, are leading this transition, with forecasts indicating a substantial increase in investment, expected to reach $657.16 billion by 2030. The global installed capacity of renewable energy is projected to surge to 11.2 terawatts by 2035, underscoring the expanding role of renewables in the global energy mix. This expansion in the power sector highlights the increasing prevalence of renewable solutions and their critical role in achieving a sustainable energy future. Elsewhere in the market, was a notable mover up 6.9% and finishing the session at SAR262.00. At the same time, softened, down 7.7% to finish the session at ₩50,400. Posco International's joint venture in India's premium automotive steel market presents a compelling growth avenue amidst rising electric vehicle demand. Click to explore the full narrative on Posco International. Don't miss our Market Insights article titled "Opportunities In The Turbulent Transition To Greener Energy", uncovering urgent investment opportunities amid a challenging energy transition landscape. finished trading at $329.13 up 1.2%. ended the day unchanged at, $146.03. ended the day unchanged at, $175.25. Unlock more gems! Our Energy Transition Stocks screener has unearthed 155 more companies like WEG, Swiss Re and Eversource Energy for you to explore. Curious About Other Options? The end of cancer? These 23 emerging AI stocks are developing tech that will allow early idenification of life changing disesaes like cancer and Alzheimer's. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sources: Simply Wall St "Renewable Energy Strategic Intelligence Report 2025: Capacity to Surge to 11.2TW by 2035, Driven by Solar and Wind" from Research and Markets on GlobeNewswire (published 16 June 2025) Companies discussed in this article include SASE:2082 NasdaqGS:TSLA NYSE:CVX NasdaqGS:FSLR and KOSE:A047050. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-06-2025
- Business
- Yahoo
This Week In AI Chips - AMD Advances AI Innovation With Open Ecosystem Approach
AMD recently showcased its vision for an open AI ecosystem, emphasizing a collaborative approach through new silicon, software, and systems at its Advancing AI 2025 event. The company introduced the Instinct MI350 series of GPUs, highlighting significant advancements in AI compute performance, efficiency, and scalability. AMD has continued to expand its ROCm open software stack and unveiled its next-generation AI rack designs, aiming for leadership in rack-scale AI performance beyond 2027. Strategic partnerships with industry leaders like Meta, OpenAI, and Microsoft underscore AMD's commitment to driving AI innovation through open standards and shared technological advancements. These developments position AMD as a central player in accelerating AI ecosystems across various industries. last closed at $118.50 down 2.2%. In other trading, was a standout up 3.8% and ending trading at $74.34. In the meantime, softened, down 5.1% to close at ¥23,730. AMD's upcoming 5th Gen EPYC processors and AI accelerators promise rapid revenue growth. Click to explore the detailed narrative on AMD's strategic advancements. Also, check out our Market Insights article titled "A.I. Enters the 'Show Me The Money' Phase," where we reviewed key AI chip investments poised for growth—get in fast. settled at $145.00 up 1.5%. NVIDIA recently announced strategic partnerships and technological integrations, including a collaboration with Samsung to invest in AI robotics and numerous European initiatives focused on AI infrastructure, all within the past two days of NVIDIA's GTC Paris conference. closed at $158.70 down 0.5%. finished trading at €676.60 down 2%. Unlock our comprehensive list of 53 AI Chip Stocks like Applied Materials, Intel and Taiwan Semiconductor Manufacturing by clicking here. Interested In Other Possibilities? AI is about to change healthcare. These 22 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sources: Simply Wall St "AMD Unveils Vision for an Open AI Ecosystem, Detailing New Silicon, Software and Systems at Advancing AI 2025" from Advanced Micro Devices, Inc. on GlobeNewswire (published 12 June 2025) Companies discussed in this article include NasdaqGS:CRDO NasdaqGS:NVDA NasdaqGS:QCOM ENXTAM:ASML NasdaqGS:AMD and TSE:8035. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
05-06-2025
- Business
- Yahoo
Ivans Index May 2025 Results Released
Renewal rates for all major commercial lines of business, except Workers' Compensation remain up year over year; rate change variable month over month Milwaukee, WI., June 05, 2025 (GLOBE NEWSWIRE) -- Ivans® today announced the May 2025 results of the Ivans Index™, the insurance industry's premium renewal rate index. Year over year, Commercial Auto, BOP, General Liability, Commercial Property and Umbrella experienced increasing average premium renewal rates, while premium renewal rates decreased for Workers' Compensation. Month over month, Commercial Auto, General Liability, and Commercial Property experienced increases in premium renewal rate change, while BOP, Umbrella, and Workers' Compensation saw a renewal rate change by line of business for May 2025 highlights include: Commercial Auto: 8.45%, up slightly from 8.41% last month. BOP: 7.89%, down slightly from 7.98% at the end of April. General Liability: 4.86%, up from April, which was 4.33%. Commercial Property: 7.77%, up slightly from 7.70% in April. Umbrella: 9.11%, down from 9.41% in April. Workers' Compensation: -1.87%, down from -1.78% last month. Released monthly, Ivans Index is a data-driven report of current conditions and trends for premium rate renewal change of the most placed commercial lines of business in the insurance industry. Analyzing more than 120 million data transactions, the Ivans Index premium renewal rate change measures the premium difference year over year for a single consistent policy. Inclusive of more than 38,000 agencies and 700 carriers and MGAs, the Ivans Index is reflective of the premium rate change trends being experienced by all agencies and insurers across the U.S. insurance market. Ivans Index is available to agencies and insurers as part of Market Insights at Download the complete Q1 2025 Ivans Index report. # # # The Ivans logos are trademarks of Applied Systems, Inc., registered in the IvansIvans is where insurance carriers, agents, and MGAs come together to grow their businesses. Every day, our 38,000 agents and over 700 carrier and MGA partners plug into technology that empowers them to better determine appetite and eligibility, swiftly produce quotes, get accurate claims and commission updates, automatically communicate policy data, and connect to one another to drive new business. With easier ways to get the day's work done, insurance professionals can open the door to more revenue without letting complexity in behind it. CONTACT: Lauren Malcolm Ivans 678-438-5093 lmalcolm@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
