Samsung Malaysia Invites Students to Showcase STEM Skills at Sixth Edition Solve for Tomorrow 2024 Competition

A platform for Form 1 to Form 3 students to showcase their innovative ideas to tackle pressing issues faced by Malaysia's local communities

KUALA LUMPUR, Malaysia, Aug. 14, 2024 /PRNewswire/ -- Samsung Malaysia Electronics ("Samsung Malaysia") is proud to announce the return of the sixth edition of the 'Samsung Solve for Tomorrow (SFT) 2024' , a youth competition designed to inspire young minds to develop problem-solving skills and address challenges in their communities with the power of Science, Technology, Engineering, and Mathematics (STEM). With the nationwide theme 'Start with Can', Malaysian students aged 13 to 15 are once again invited to identify local pressing issues and create innovative solutions with STEM to make a positive change and stand a chance to win a share worth up to RM 80,000 in technology and classroom supplies!

This initiative is a collaborative effort between Samsung Malaysia and Universiti Malaya to instill early interest and skills in STEM in hopes of equipping the next generation with the necessary skill sets needed to thrive and excel when they enter into the workforce in the near future. This aligns with the nation's vision of building a sustainable STEM talent pool to propel Malaysia towards its goal of becoming a high-tech nation by 2030.

Dato' Roh Jae Yeol, Director of Corporate Affairs at Samsung Malaysia, said, "Generation Alpha has been immersed in a tech-savvy world, fostering great creativity and boldness in exploring and pioneering innovation. This trend aligns with future work demands in fields like artificial intelligence, IoT and advanced technologies. At Samsung, we believe young minds can overcome their communities' challenges through innovation, dedication, and passion. Samsung SFT is more than a competition; it serves as a catalyst, empowering all Malaysian youths to realise their capabilities and transform their ideas into tangible solutions that contribute to a better future."

"We welcome all Malaysian youth innovators to break through language barriers and showcase their creativity in this competition. We have full faith that these young minds can change the world. As educators, we are responsible for preparing them to navigate the digital frontier and make positive changes," shared Ir. Dr. Mas Sahidayana Mohktar, Director of Universiti Malaya's STEM Centre. "This initiative also marks our pivotal commitment to fostering early-stage STEM education, a critical step in cultivating the talent pool that will drive our nation's economic development."

Samsung SFT 2024 competition provides an opportunity for secondary students nationwide to showcase their innovative ideas by addressing real-world problems using STEM principles in a 800-word submission. Entries will be evaluated by Samsung Malaysia and Universiti Malaya based on various criteria such as issue relevance, creativity, feasibility, STEM application, and presentation of innovative solutions. The top 10 teams will advance to the next round, where they will enhance and present their ideas.

The shortlisted entries for Samsung SFT 2024 competition will be revealed on the program's website in October 2024. Selected participants will benefit from mentorship and guidance to refine their ideas and develop prototypes during a Design to Win Workshop.

In December 2024, winners will be determined through a competitive pitching process.
First Prize: Samsung products worth up to RM28,000^[1].
Second Prize: Samsung products worth up to RM24,000^[2].
Third Prize: Samsung products worth up to RM19,000^[3].
Fourth Prize: Samsung products worth up to RM6,000^[4].
Fifth Prize: Samsung products worth up to RM3,000^[5].

Registration for SFT is now open and participants have until 16 September 2024 to submit their entries.

Stay tuned for the latest information by following the official Samsung Malaysia Facebook, Instagram, Twitter and TikTok. You can also watch the winning presentations from last year's winners at SFT – Winners | Samsung Malaysia. 

For more information about SFT 2024, please visit https://www.samsung.com/my/solvefortomorrow/2024.

[1] Prizes value are estimated and may be varied. Terms and Conditions apply.

[2] Prizes value are estimated and may be varied. Terms and Conditions apply.

[3] Prizes value are estimated and may be varied. Terms and Conditions apply.

[4] Prizes value are estimated and may be varied. Terms and Conditions apply.

[5] Prizes value are estimated and may be varied. Terms and Conditions apply.

About Samsung Electronics Co., Ltd.
Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, home appliances, network systems, and memory, system LSI, foundry and LED solutions, and delivering a seamless connected experience through its SmartThings ecosystem and open collaboration with partners. For the latest news, please visit the Samsung Newsroom at http://news.samsung.com.

"SAMSUNG MALAYSIA ELECTRONICS (SME) SDN BHD [Company No. 200301026766(629186-D)]".

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Samsung Malaysia Invites Students to Showcase STEM Skills at Sixth Edition Solve for Tomorrow 2024 Competition

Guiding risk management in a continually changing captive insurance environment

KUALA LUMPUR, Malaysia, Sept. 20, 2024 /PRNewswire/ -- The Asian Captive Conference (ACC) 2024, co-hosted by Labuan IBFC Incorporated Sdn Bhd (Labuan IBFC Inc.) and the Labuan International Insurance Association (LIIA), took place yesterday at the Sime Darby Convention Centre. The event saw over 200 attendees, including regulators from Cambodia, Hong Kong (China) and India's insurance industry; professionals, investors and service providers from the global captive industry; representatives from government agencies and the media.

The involvement of more than 20 sponsors and partners highlighted that the conference was the flagship event for the captive space.

Six informative sessions captained by industry leaders across various fields concluded that captives continue to play a crucial and ever-evolving role in enabling businesses to mitigate the spectrum of existing and emerging risks against prevailing economic conditions.

Delivering the welcoming remarks, Datuk Iskandar Mohd Nuli, Executive Chairman cum CEO of Labuan IBFC Inc., emphasised Labuan IBFC's status as the premier captive domicile in the region. He highlighted the numerous awards garnered, which underlines Labuan IBFC's position as the preferred jurisdiction for captives in both Europe and Asia. Datuk Iskandar also stressed the conference's importance in the global captive calendar, stating, "The ACC 2024 is designed to provide industry professionals with valuable insights and resources to excel in the captive industry as well as foster growth and innovation across the region."

The keynote address was presented by Mr. Nik Mohamed Din Nik Musa, Director General, Labuan Financial Services Authority (Labuan FSA). In his speech, he highlighted the importance of regulations evolving parallel with corporates' increasing insurance demands for alternative risk management vehicles. He further commented, "The captive omnibus guidelines issued by Labuan FSA has resulted in more innovative applications of Labuan captive structures. This reflects Labuan FSA's recognition of Labuan captive sector's growing maturity and higher technical capabilities to underwrite more complex risks." 

ACC 2024 began with a presentation and panel on how captive insurance fits into the new OECD BEPS 2.0 rules. It also covered global reporting, the strategic value of captives, and new ways to use them for managing capital expenses. This was followed a discussion comparing top captive insurance locations, examining their features, regulations, and benefits, and exploring ways to improve risk management and insurance.

After lunch, a panel discussed using captives for managing employee benefits, focusing on better control, cost reduction, and improved data management.

In the afternoon, two concurrent breakout sessions were held: Captive 101 for newcomers to the field and Advanced Captive for seasoned practitioners. These sessions were tailored to meet the needs of both newcomers and seasoned professionals in the captive insurance industry.

ACC 2024 ended with an engaging panel discussion on using technology to enhance captive insurance products and a deep dive into how the digital economy and artificial intelligence intersect. Ms. Annie Undikai, Chairwoman of the LIIA, gave the closing remarks.

Click here for event content. The next ACC will be held in 2026.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Asian Anchors: Leading the Way in Captive Innovation