Bending Spoons Raises US$710 Mln In Fresh Funding
KUALA LUMPUR, Nov 3 (Bernama) -- Bending Spoons, one of Europe’s leading technology companies, has raised US$710 million in equity at a pre-money valuation of US$11 billion. (US$1=RM4.17)
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Sabah Formalises 25 Pct Stake In PETRONAS PFLNG 3
KOTA KINABALU, Oct 31 (Bernama) -- Sabah has formalised its 25 per cent equity acquisition in PETRONAS PFLNG 3 Sdn Bhd, further strengthening collaboration between the state and the national oil company, said Chief Minister Datuk Seri Hajiji Noor.
AM Best Keeps China Non-Life Insurance Outlook Stable
KUALA LUMPUR, Oct 31 (Bernama) -- AM Best has maintained a stable outlook on China’s non-life insurance segment, supported by sustained premium growth driven by new energy vehicles (NEVs), health reforms and emerging product developments, alongside supportive regulatory policies and market development initiatives.
NEC To Acquire CSG For US$2.9 Bln To Accelerate Global Digital Transformation
KUALA LUMPUR, Oct 31 (Bernama) -- NEC Corporation (NEC) has announced a definitive agreement to acquire United States-based CSG Systems International Inc (CSG) for US$80.70 per share in cash, valuing the deal at approximately US$2.9 billion, or 438.5 billion Japanese yen, including debt. (US$1=RM4.19)
Sumang Unveils Refined Matcha Grading System
KUALA LUMPUR, Oct 31 (Bernama) -- Clean Jeju Green Tea Cooperative 'Sumang' has introduced a more refined grading system for its matcha products, a strategic move to diversify its premium tea portfolio and offer consumers a broader choice tailored to their specific needs.
EWI Capital Commits A$100 Mln As Anchor Investor In Australian Office Fund
KUALA LUMPUR, Oct 30 (Bernama) -- EWI Capital Bhd’s wholly owned subsidiary, EWI Investment Holdings Ltd, has made a strategic shift towards investment holding with a commitment of A$100 million (RM276.5 million) as an anchor investor in the TrustCapital Australian Office Fund No. 3 (Fund).
AM Best Assigns Excellent Credit Ratings To Indonesia’s Lippo General Insurance
KUALA LUMPUR, Oct 30 (Bernama) -- Global credit rating agency, AM Best has assigned a financial strength rating of A- (Excellent), a long-term issuer credit rating of “a-” (Excellent) and the Indonesia National Scale Rating (NSR) of aaa.ID (Exceptional) to Indonesia’s PT Lippo General Insurance Tbk (LGI).
PNB, EPF Reaffirm Commitment To Battersea Project, Says No Immediate Plan To Exit
KUALA LUMPUR, Oct 29 (Bernama) -- The Battersea project in London, United Kingdom, owned by a consortium led by Sime Darby Property Bhd and SP Setia Bhd, remains a key strategic investment for its shareholders, said Permodalan Nasional Bhd (PNB) and the Employees Provident Fund (EPF).
US Tariff Relief Positive Step For Malaysia’s Palm Oil Industry - MPOC
KUALA LUMPUR, Oct 28 (Bernama) -- The Malaysian Palm Oil Council (MPOC) has welcomed the United States' (US) tariff exemptions for selected Malaysian products, including palm oil, under the newly concluded Agreement on Reciprocal Trade.
AM Best Affirms Excellent Credit Ratings For Marble Reinsurance
KUALA LUMPUR, Oct 23 (Bernama) -- AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Micronesia’s Marble Reinsurance Corporation (Marble Re), maintaining a stable outlook.
IILM’s Short-term Sukuk Portfolio Hits Record US$6.05 Billion
KUALA LUMPUR, Oct 21 (Bernama) -- The International Islamic Liquidity Management Corporation (IILM) announced that its outstanding short-term Sukuk portfolio has reached a record high of US$6.05 billion (US$1=RM4.2).
Petronas Partners With Oman's OQEP To Advance Upstream Collaboration
KUALA LUMPUR, Oct 21 (Bernama) -- Petroliam Nasional Bhd (Petronas), through its subsidiary Petronas Carigali Sdn Bhd (Petronas Carigali), has collaborated with OQ Exploration and Production New Ventures LLC (OQEP) to jointly pursue oil and gas exploration and production across the Middle East and Southeast Asia.