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).

Bursa Opens Higher, Tracking Wall Street Gains

KUALA LUMPUR, Oct 21 (Bernama) -- Bursa Malaysia opened higher on Tuesday, buoyed by positive performance on Wall Street overnight lifted by easing United States (US)-China tensions and optimism over a potential end to the US government shutdown.

AM Best To Lead Session, Sponsor And Exhibit At Thailand Reinsurance Conference

KUALA LUMPUR, Oct 16 (Bernama) -- Global credit rating agency, AM Best announced it will lead a session, sponsor and exhibit at the inaugural Thailand Reinsurance Conference, taking place from Oct 30 to Nov 1 in Bangkok.

Wolters Kluwer Sweeps Global Awards For Risk, Finance, And Regulatory Excellence

KUALA LUMPUR, Oct 3 (Bernama) -- Wolters Kluwer Financial & Corporate Compliance has secured multiple prestigious honours at the Risk Asia Awards 2025 and The Digital Banker’s Global BankTech Awards 2025.

Ringgit Ends Lower Against Greenback On Profit-taking

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Sept 23 (Bernama) -- The ringgit closed lower against the US dollar on Tuesday due to profit-taking, as traders and investors opted to lock in recent gains, said an analyst.

AM Best Affirms Strong Credit Ratings For Bermuda's INPEX Insurance

KUALA LUMPUR, Sept 2 (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) for Bermuda’s INPEX Insurance Ltd (IIL), with a stable outlook.

BNPL Still Under Control, Regulatory Measures Enhanced To Protect Consumers -- Amir Hamzah

KUALA LUMPUR, Aug 4 (Bernama) -- Buy Now, Pay Later (BNPL) facilities remain under control, but regulatory measures are being strengthened to protect consumers through the Consumer Credit Act 2025 (CCA).

Capsphere, CGC Digital Forge Strategic Partnership To Expand SME Financing In Malaysia

KUALA LUMPUR, Aug 1 (Bernama) -- Capsphere, Malaysia’s first asset-based peer-to-peer (P2P) financing platform, has entered into a strategic collaboration with CGC Digital, the fintech subsidiary of Credit Guarantee Corporation Malaysia Bhd (CGC), to introduce new financing products for small and medium enterprises (SMEs).

Govt Urged To Set Up Credit Scoring Agency To Regulate Eligibility Of Borrowers

KUALA LUMPUR, July 21 (Bernama) -- The government should establish a creditworthiness or credit scoring agency to regulate the eligibility of consumers taking loans, according to Member of Parliament (MP) Sim Tze Tzin (PH-Bayan Baru).

Agrobank Allocates RM50 Mln To Financing Scheme AgroPintar For Microentrepreneurs

KOTA KINABALU, July 6 (Bernama) -- Agrobank has allocated RM50 million to facilitate microfinancing access through its Agro Pintar Niaga Programme (AgroPintar), alongside an additional RM5 million in i-TEKAD matching grants.

Public Bank Posts Higher Net Profit Of RM1.75 Bln In 1Q

KUALA LUMPUR, May 21 (Bernama) -- Public Bank Bhd reported a higher net profit of RM1.75 billion in the first quarter ended March 31, 2025 (1Q 2025) compared with RM1.65 billion in the same period last year.

Cake Digital Bank Achieves Highest-level iBeta Facial Biometric Certification

KUALA LUMPUR, May 13 (Bernama) -- Cake Digital Bank has made history as the first digital-only bank in Southeast Asia to secure ISO/IEC 30107-3 Level 2 certification from iBeta for its facial biometric solution, Cake Face Authen.