1y ago
KUALA LUMPUR, March 14 (Bernama) -- Bank Negara Malaysia (BNM) said the Finance Minister has approved Aznan Abdul Aziz’s appointment as deputy governor for a three-year term effective April 1, 2025.
1y ago
KUALA LUMPUR, March 14 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of KBFG Insurance (China) Co Ltd (KBFG China), with a stable outlook.
1y ago
KUALA LUMPUR, March 12 (Bernama) -- The investment by Malaysia Development Holding Sdn Bhd (MDH) in Sapura Energy Bhd (SEB) will be exclusively used to repay local vendors, without benefitting any existing SEB shareholders or financial creditors, said Permodalan Nasional Bhd (PNB).
1y ago
KUALA LUMPUR, March 9 (Bernama) -- The National Association of Malaysian Life Insurance and Family Takaful Advisors (NAMLIFA) has urged the government to address the significant price disparity between insured and cash-paying patients at private hospitals, warning that such discrepancies could make medical insurance unsustainable.
1y ago
KUALA LUMPUR, March 7 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of New Zealand’s Fidelity Life Assurance Company Limited (Fidelity Life Assurance).
1y ago
KUALA LUMPUR, March 7 (Bernama) -- Leader in open-source generative artificial intelligence (GenAI), H2O.ai, has unveiled the industry's first Model Risk Management (MRM) framework for GenAI.
1y ago
KUALA LUMPUR, March 5 (Bernama) -- The Economy Ministry emphasised the need to develop and enforce the Carbon Capture, Utilisation and Storage Bill (CCUS Bill) and regulations related to the importation and permanent storage of carbon dioxide in offshore areas by March 31, 2025.
1y ago
KUALA LUMPUR, Feb 27 (Bernama) – Domestic strategic investments by government-linked investment companies (GLICs) are becoming increasingly important and play a key role in strengthening Malaysia's economy from within, and improving resilience against external impacts.
1y ago
KUALA LUMPUR, Feb 25 (Bernama) -- Bursa Malaysia Derivatives recorded an all-time high of 22.75 million contracts traded across all products in 2024, up 19 per cent from 19.11 million contracts in 2022, said Bursa Malaysia Bhd chairman Tan Sri Abdul Wahid Omar.
1y ago
KUALA LUMPUR, Feb 24 (Bernama) -- MSM Malaysia Holdings Bhd (MSM) has returned to the black in the financial year ended Dec 31, 2024 (FY2024), recording a net profit of RM31.25 million compared to a net loss of RM49.88 million in FY2023.
1y ago
KUALA LUMPUR, Feb 24 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of B+ (Good) and the long-term issuer credit rating of “bbb-” (Good) of Nepal’s Himalayan Reinsurance Limited (Himalayan Re), maintaining a stable outlook.
1y ago
KUALA LUMPUR, Feb 18 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit rating of “aa-” (Superior) of Japan’s The Dai-ichi Life Insurance Company Limited (DL), the wholly owned operating subsidiary of Dai-ichi Life Holdings Inc (DLH).