MUMBAI: Bloomberg expanded its commitment to Malaysia with the opening of a new office in Kuala Lumpur City Centre, featuring state-of-the-art training facilities, a broadcast studio and expanded floor space to allow for future expansion.

As part of the company?s enhanced commitment, Bloomberg will also be providing specialised training to 125 participants in areas including foreign exchange and Islamic finance at its new premises in support of the Financial Sector Talent Enrichment Programme (FSTEP).

Supported by the Malaysian financial services sector, FSTEP is an industry-driven project consisting of a one-year intensive training in banking and insurance. The programme is managed by Institut Bank-Bank Malaysia in collaboration with Bank Negara Malaysia, and aims to contribute in building a talent pool to serve the needs of the financial services industry.

The new office and added training commitment are part of Bloomberg?s ongoing investment in product development, news coverage and training in Malaysia, as Asean?s third largest economy continues to internationalise its financial sector.

?As Malaysia continues to grow in stature as a leading regional and international financial center, we will continue to add resources to this incredibly important market,? said Bloomberg CEO and President Dan Doctoroff.

"That?s why we entered Malaysia over 20 years ago, and that?s why we are opening a brand new state-of the art facility in Kuala Lumpur today. This new office provides a unique space in which to innovate, support our customers and stay ahead of trends and insights in the Malaysian economy, with ample room for us to grow even further with Malaysia."

Most recently, Bloomberg collaborated with Bank Negara Malaysia, the Association of Islamic Banking Institutions Malaysia and Bursa Malaysia to launch three sukuk indices for Malaysia, the world?s biggest sukuk market.

MUMBAI: Motorvision TV, part of Motorvision Group, will launch in Malaysia, Mongolia and Sri Lanka beginning September.

The pay TV platforms that will launch Motorvision TV include: Asia Broadcasting Network - Malaysia, Sky C&C - Mongolia and Sky - Sri Lanka.

"In Asia there are over 450 million pay TV subscription homes and more than half of the pay TV subscribers worldwide live in Asia. With pay TV growing strongly in Asia, it is important for Motorvision TV to be present in this dynamic region and through our partnership with MCA the fact that we are able to start broadcasting in three territories is absolutely sensational," says Motorvision TV MD Raimund K?hler.

MCA, which is Asia‘s leading distributor of independent pay TV channels, represents Motorvision TV besides Bloomberg Television, ITV Granada, KidsCo, NDTV 24, NDTV Profit, NDTV Good Times and NDTV India among others. The Singapore-based company also owns and operates the channels Havoc 247 and Outdoor Channel Asia.

"Each of these deals underscore the value in a multi channel universe of a clear and differentiated programming proposition like Motorvision TV as well as the popularity of the car and motoring genre. It‘s been a few short months since we launched Motorvision TV in Asia and we are seeing a roll-out of launches that have exceeded even our most bullish expectations," says Multi Channels Asia (MCA) MD Gregg Creevey.